Company Number.. 03920152 Charity Number.. 1082274 Millwall CommunityTrust (A ¢ompany limited byguaranteel Report and Financial Statements Forthe yearended 31 March 2021
Company Number.. 03920152 Charity Number.. 1082274 Mdlwall Community Trust Page Comp3ny Information Director5, and Trustees. Report 2-13 Auditors, Report 14-16 St3tement of Financial Activitie5 17 Balance Sheet 18 Statementof Cash Flows 19 Notes to the financial statements 20-30
Cornpany Number.. 03920152 Charity Nurnber.. 1082274 Mlllwall Community Trust Company Information DIRECTORS AND TRUSTEES: Mark Fairbrother Rt Hon Sir Simon Hughes Steve Kavanagh Peter Garston Lord Kennedy of Southwark Stuart Lock (Appointed 27 April 20201 Carly Simmons Keith Soper Jason Vincent (Appointed 27 April 20201 COMPANY SEcRARY. Philip O'Halloran CHIEF EXECUTIVE OFFICER: Sean Dalv REGISTÉRED OFFICE- The Den Zampa Road London SE16 3LN REGISTERED CHARITY NUMBER.. 1082274 COMPANY NUMBER: 03920152 AUDrroRS: Azets Audit Services Limited Registered Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 ILQ 8ANKERS: Barclays Bank PLC Leicester LE87 2B8 Page I
Company Number.. 03920152 Ch3rity Number.. 1082274 Millwall CommunityTru5t Report of the DrrectOT5 and Trustees for the Year Etvled 31 March 2021 The Directors and Trustees present their annual report for the year ended 31 Marth 2021 tO8ether with the audited accounts for the year and confirm that the latter comply with the requirement5 of the Companies Act 2006 and the Charities SORP IFRS 1021. STRUCTURE, GOVERNANCE AND MANAGÉMENT Governing document.. The charitv 15 controlled by its memorandum and artides of as50ciatlon, being a company limited by guarantee, as defined by the Cornpanies Act 1985. Recruitrnent and appointment of new tru5tee5: Trustees are selected for their professional skills and experience across a variety of areas to which they can contribute towards the effective running of the charity. The nuTnber of trustees must not be less than three. and there is no maximurn. The first trustees subscribed on incorporation of the company. At the Ilrst annual general meeting all of the trustees retired from office, in accordance with the articles ol association. At each subsequent annual general meeting one-third of the trustees (with longest Service) are subject to retirement by rotation. New trustees must be recommended by a trustee and are appointed by aTh ordinary resolutlon of the comp3ny. During 2020, an eKtern31 recruitment proces5 was undertaken to appoint additional trustee Indurtion and training of new trustees: New trustee5 are invrted to the Trust's offices at the Lion5 Centre to meet the staff and are given 3n overview of the Trust's activities. They are provided with a copy of the Memorandum and Articles of Association for the Trust plus minutes of recent meetings. New trustees are provided with details of thelr fellow trustees, who they are invited to meet at the earliest opportunitv. Organi53tional structure Millw211 Community Trust IMCTI is a company limited by guarantee and is registered with the Charity Commission. SIK trustees (directors for company puiposesl were appointed on incorporation. all of whom have since resigned. At 31 March 2021, MCT had nine trust@@s. A Chief Executive, who 15 not a trustee, leads the Trust on a day-to-day basi5 SUPPOrted by a Leadership team including up to four strand managers. responsible for Schools Coaching & Sports Participation (Football, Sport Development),. Education & Ernployability,. NCS INational Citizen Service) and Community Development. The Leadership Team develop core project5 and usage of the Lions Centre, related to the Trust's Charitable Aims. The Chief Executive Officer is paid at market r3tes which have been approved by the board of trustees. The Trust ha5 Contracted with Millwall Football Club IMFCI to provide its finance function. An MFC Finance Manager is responsible for processing all flnancial reporting for the Trust. Wlder network MCT has a strategy of encouraging sports participation through positive partnerships. It is affiliated to The English Football League Trust, which links all professional Football League Club Community Organisations. It has contracts with Housing Associations across the London Borough5 of Lewi5ham and Southwark, and KICKS is supported by the Metropolitsn Police and the Prernier League Charitable Foundation. The Trust has a strong relationship with London Boroughs of Southwark and Lewisham. In addition. the Trust has developed Setvice Level Agreements with a number of 5thools across its cat¢hment area for curriculum and extra-curricular physical activity delivery. Pa8e 2
Cornpany Number.. 03920152 Charity Numbei.. 1082274 Millwall CommunityTru5t Report of the Dirertors and Trustees for the Year Ended 31 Mard) 2021 Wislon, Oblectives and aims The charity's objects are for the benefit of tho public generally with a clear"vision' to use the unique passion of Millwall to connect and inspire the club's communities. The Mcf mission 45 th3t we will use the power of Millwall to improve the lives of people through engagement in sport. Ill this way, MCT aims to deliver high quality services that engage. enable and improve the live5 of the people In the following key aTeas'. Schools Cooching & Sports PorticipoUon.' To provide a high-quality sports service to schools and the Community. Education & Employubility.. To provide inspir3tion. encoura8ement and guidarn for young people and adults, leadin8 to improved education and career Opportunities. Cornmunity Development & Heulth Improvement.. To art as a true community partner by providing sport and physlcal activity opportunities in order to improve quality of life and neighbourhoods. Neighbourhood Cohesion & Celebrutlng Diversity.. To work with Millwall Football Club im promoting neighbourhood cohesion, including disaffected young people and other target group5,' and to celebrate the diversity of the local community. Focility & Bu5ine55 Monagement.. To manage MCT faciSities sustainably, providing the community with opportunities to participate in sport, physical activity, health. and education,. to ensure the financial and budgetary requirements of the Trust are provSded in an appropriate manner. Strategic Business Development.. To work to a Business Plan, taking into consideration the vision. arnbitions and future aspiration5 of Millwall Comrnunity Trust. Lion$ Centre and St. Paul's Community Sports Ground The Lions Centre 15 the Trust's operational HQ. Opened in 2002. the centre offer5 eNlIent facilities. including a 5POrts hall, indoor Artificial Grass Pitch, two study centres, a seminar room. refreshment bar. office and changing space. The centre is primarily used to build sports participation amongst the local cornrnunity. train new coache5 and forge links with local schoo15. community group5 and businesses. In December 2016, MCT took on the management responsibility of St Paul's Community Sports Ground in Rotherhr(he, Southwark. The faeility offer5 a full-size, floodlit artificial turf piteh, a club room, changing rooms and spectator facilities enclosed within a secure sports ground fencSng. The facility is the home venlle for Fisher FC, Millwall Lionesses and Millwall Lionesses 6irls Football Academy and the Millwall Romans ILGBTQ+l. The venue also hosts a number of local clubs, schools and higher edutatlon Instltutlons. The facilities act as venues for the Mcf Academy. an educatlonal programme that provides interactive sport5 learnin8 proEramme5 for local young people aged 16-19 years. Educational delivery is focused and tailored to meet the needs of young people with a combination of cla5sroom-based lessons, followed by practical sessions in the gymnasium, outdoor or indoor football pitches. MCT aims to create a sustainable year-round community sport offer for the residents of Southwark and Lewisham and our partners. We have embarked on discu55ion5 Wlth parties interested in working with us to declde where additional delivery hub5 will be, enhancing the ran8e of opportunities for all. Related parties Whilst the Trust is an independent organisation constituted as a company limited by guarantee with charitable 5tatU5 directed by a board of trustees, it has a longstanding working relationship with Millwall Football Club. The Trust evolved from a Football in the Communlty programme originally established in 1985. whlch was 3 partnership between the football club, and Lewi5ham and Southwark local authorities. Page 3
Company Number.. 03920152 Charity Number.. 1082274 Mlllwall CommLtnity Trusi Report of the Dirertors and Trusiees for the Year Ended 31 March 2021 Rlsk managernent The trustees have identified and reviewed the risks to which the charity is exposed and ensured that appropriate contro15 are in place to provide reasonable assurance against fraud and error. Significant activitie5 The Trust provides a broad range of opportunities throughouttheyear, designed to engage the1ocal communty in sports, health and education activities. This ranges from the schools, 5POrts programme that is offered across a r3nge of sport5 to the comprehensive social inclusion programmes in Lewisham and Southwark. Afull description of activities is provided under the detai15 of charitable activities. Public benefit The trustees have followed the guidance issued by the Charity Comrnission with regard to the public benefit arising from the activities they decide the Trust will undertake. The objectives and alms of the Trust are covered in more detail in these note5. The Trust provides thousands of people within the surrounding tommunily with a ran8e of free or affordable opportunities to participate in 5POrt and leisure prornoting inclusion and opportunity for all who wish to take part. In addition, the Trust is working with local partner5 to improve facilities with the aim of providing more sporting opportunities. Volunteers An increasing number of people are volunteering to 5UPPOrt the work of the Trust. within the various Work area5, volunteers have been recruited to as51St in coaching, adrninistration, direction and organisation. No trustee receives any remuneration for their services. Volunteers range in age from 14 to adult. The Trust has, in some cases. provided further training for volunteers and qualifications in sport arid people managernent. Page 4
Company Number.. 03920152 Charity Nurnber.. 1082274 Millwall CommunityTrust Report of the Directors and Trustees forthe Year Ended 31 Mardb 2021 STRATEGIC OVERVIEW OF THE YEAR 2020-21 Introdutlion It is 36 years since the Millwall Community Scheme was established in 1985 as a result of a Greater London Council IGLCI initiative that offered London football clubs revenue funding for the employmerit of a single worker, plus a working budget for a five-year project to develop links and programme5 Wlthin their communitie5. In the irnterveniTrg years, MCT h35 growrb to offer a diverse range of sport5. health. education and inclusion projects. 2020-21 has proved to be è challenging year due to disruption caused by COVID-19 lockdowns, which resulted in the temporary closkjre of the Lions Centre and St Paul's Community Sport5 Ground and the suspension of a number of the Trust's activities. Despite this, the Trust built on it5 refreshed vision. mlssion, alms and objectives and conlinued In Sts ambition to be more outward facingwith an emphasis on partnership working and collaboration. Where permitted under COVID-19 restrictions, MCT worked closely with its partners in the plafjning and delivery of an inclusive range of 5POrting and social opportunities for thousands of young people and adults living in disparate communities 3cr05s Lewisham and Southwark. Specific support provided by the Trust to the local community included.. wellbeing support to local h05Pltal staff, with volunteers staffing refreshment hubs in hospitals and helping with shopping for NHS staff working on shifts online financial seminars were provided for NH5 staff Trust staff not on furlough linked with other charitie5 operating in Lewisham and Southwark and made over I,(K)O befriending calls and ijelivered 800 food parcels to fami5ies whose children were entitled to free school meals. Podcasts were prepared and online activitie5 made available to participants who were delayed in joining the Tru5V5 programmes The Lions Centre was used as a blood donation centre Outdoor football and sports actNlties were arranged for school-age chSldren during the surnmer of 2020. which included lunches produced by MFC catering Staff. prcviding over 5,000 free places and free meals. Running a food bank at the centre supporting 40 families per week MCT has re*5tablished itself as a significant provider of sport, he31th, education and community development opportunities for chlldren, young people and adults across Southwark and Lewisham. MCT has expanded and enhanced sport5 provlsion and continues to improve the quality of life for both individuals and neighbourhoods. The aims and objectives agreed for each strand of activity thts year resulted from our regular review of the values, principles and services provided by the Trust. The strategic financi31 aim is for MCT turnover to be split between funded project5 and services and generated income. This is a considered strate8V to ensure that our Income streams are spread across a range of sources in order to protect against the risk of funding declining or income generation reducing. Maintaining some projects that deliver social outputs. Such as dlsability programmes. place a strain on Trust finances, which is a continuing yet accepted challenge. Nevertheles5. we have continued to "right-size" the oreanisation to m3Mim15e $oUrceS available as well a5 ensuring there remains significant Social Impact to our work. Despite a strong year in terms of outputs and achievement5 the financial reality of delivering services with small margins is that to recover actual costs is very difficult. Partners have been responsive to the challenges that we face and we have had success in developing new themes of wo¥i particularly in health improvement and employability, which now deliver some excitlng and innovative project5. It 15 through the delivery of our programmes by our dedicated staff that we continue to capture the imagination and commitment of the growing number of local people that use our services. Thi5 year on average over six and a half thousand young people weeV and over nine thousand residents annually benefit by engaging with Mcf services. PaEe S
Company Number.. 03920152 Charty Number: 1082274 Millwall Cornmunity Trust Report of the Dirertors and Trvstees forthe Year Ended 31 March 2021 A detailed analysis of the 'end of yearf reports provided by progratnme managers defines a richnes5 in the quality and diversity of MCT work and pays tribute to the enormous dedication and professional competenc& of full and part time staff. In this short sumrnary of the outcomes of MCT work, we will draw 3ttention to achievements and will attempt to summari5e the impact the Trust's programme has tnade to the growth and development of young people. teachers, community entrepreneurs and public and voluntary bodies. Below is a breakdown of specific projects. The funded projecrs have a duration of 1-3 years. Each project manager 15 responslble for their specific cost centre and submits prop05a15 for fundiThg. The CEO also develops large funding proposals ènd supports managemeni staff with their projects. Charitable activities- Schools CoachinE MCT delivers school curricular and extra-curricular sport5 programmes with over 70 session5 per week across our two core boroughs of Lewi5ham and 5outhwaTk. This includes the delivery of targeted girls-only sessions and practical PSHE sessions focusing on nutrition and health. Mcfalso organises sports days, summer fetes and fairs at schools in Lewi5ham and Southwark, including supportin£ large community event5 such as Lewisham People's Day and Bermondsey Festival. Also supporting the club's outreach work in the community, via the FANZONE. Other artivities include boys and girls football competitions on behalf of the Premier League & EFL Trust. Charitable actlvltles- Sports Partlclpatlon Holiday Courses The Trust undertakes a large sports participatlon programrne both in football and rnulti-sports. MCTcoaching staff deliver a range of 5POrts in schools, local grass roots football clubs and sports centres, on behalf of commuriity groups and OTganis3tion5. and deliver holiday course programme5 durlng the school holidays. School holiday provision113 weeks per yearl for boys and 8ir15 is delivered at venues in Lewisham, Southwark and Kent. including the Lions Centre. and St Paul's Sprjrts Ground. Term-Tirne Football aub We continue to deliver Term-fime Football Club Iplayer development centrel. the after-school football coaching pro8ramme. Se55ions are offered two ni8hts per week alld at the weekend engaging children aged 3 12 year5. We are continuSn8 to develop this programme and align li more closelyto the schools coaching programme in order ro encourage children to continue their participation outside of School and increase attendance level5. Football Development The Trust has a strong relationship with the Millwall FC Academy and Millwall Lionesses. with a number of participants from our 3Ctivities being invited to trial for and then Sign for the respective club. Term-time Football Club continue5 to provide a sustainable foundation for young player developrnent, with currently six first team Lionesses player5 first Starting their footba11 journey with MCT and attending the Millwall Girls Football Academy pro8ramme. Millwall Lionesse5 and Girls Football Academy Millwall Lionesses is one of the oldest clubs and most recogni5able names in women's football. Founded in 1971, the Lionesses becarne the first club in the country to be officially 3ffiliated to a professional rnen's team in the 19805, as Millwall FC sought to strengthen its tie5 Wlth the local communlty- Following the decisior in May 2D19 to reltnquish the FA Women's Championship licence. the Lionesses now field one sensor team. competing in the Eastern Re8ion Women'5 League. A5 part of the on-going partnership with Millwall FC and the Community Trust. the Lionesses first team train aTrd play their fixture5 at St Paul's sports Ground. Page 6
Company Number.. 03920152 Charity Number.. 1082274 Mrllwall Comrnunity Trust Report of the Director5 and Trustee5 for the Year Ended 31 March 2021 Millwall Lionesses wa5 the first club in the country to open a Gir15' Centre of Excellence la model that was later adopted by the FA and rolled out across the country). allowing the club to develop player5 from the age of eight years. In March 2020 Millwall Communlty Trust decided that it would own the Girls. Football academy in line with the boys, 3cademv, the Lionesses is currently fieldTng Gids Football academy 5quad5 at U14, U16 and Ul8. Premier Leagve Girls Millwa15 Community Trust successfully applied for funding to run three Premier League Girls. Satellite Clubs. We deliver two centre5 for female Participants aged 8-16 years. The Premier League Girls enable talented girls to experience a higher standard of football and coaching, as well a5 understanding more about the possible pathways they may be able to take, either in elite football with the Girls Football academy or tran51tiontng into local partner football clubs. NCS- National Cltlzen Service MCT first received a contract for an NCS prograrnme for autumn 2019, for 24 young people, to attend an out of bounds venue and complete a soclal action programme. On the success of this project, a contract for three years from 2020 was obtained looking at 220 young people to attend a similar programme each year, with a growth of 20% each year. Due to COVID-19 restrictions, the Trust w35 only able to offer a restricted prograrnme and the overall size of the contract has been reduced, to 90 young people, which MCT achieved. 2022 should see the contract be more in line with the original contract. PE Premium prolect MCT has partnerships with four local schools for advice and delivery of thelr PE premium outcomes around sports participation, teacher CPD, skills within sport. tournament5. This project has given MCT a good foothold within local schools. Club Partnerships MCT has formed partnershlps wlth various 8rass roots local ftsotball clubs in Lewisham. Southwark and Kent, workin8 with them to host MCT football holiday camps. player development centre. coaches CPD event5, ticket5 to MFC matches Iwhlch promotes new supporter base for the clubl income wlll be based on SO/SO profit split. Toddler Sotcer MCT delivered football provision within their own sites for 3-4 years developing core physical skills. Kinder"Move and Learn" Delivery of EFL Heolthy IAftstyle programme within 15 xhools over the school year. as a slx-week programme con515ting of education and physical activity workshops, linking in the Healthy Schools accreditation, fundlng from EFL of £12k. Charitable activities- Dlsabllity Prgjects Millwall Community Trust is fully committed to increa5irng the number of structured and iegular sports and physical activities available to resident5 of 311 ages with disabilities Wbthin the London Boroughs of Lewi5ham and Southwark. All SEN schools we are currently offering provision include.. Drumbeat, Cherry Garden, 8runswick Park and Spa School who have all signed up for the current academic year. Millwall DS Lions are the official Millwall Down5 Syndrome Team, who this year entered the n3tional DS festival. The group come together once a month at the Lions Centre aNd have a mixture of fun training sessions and matches a8ainst other Down$ syndrome teams run by other professional community football clubs. Millwall bon5 are the official Millw311 mental health team, which trains weekly at St Paul's Sports Ground and compete in the South London Grassroots Football League. The group 15 rnanaged by SIAM Isouih London and Maudsley Mental Health frustl and MCT supports the programme by providing free facility usage and a coach to support the sessions. Page 7
Company Number.. 03920152 Charity Nurnber.. 1082274 Millwall CornmunityTNst Report of the D1CtOrS and Trustees for the Year Ended 31 March 2021 In¢Juslve Pride The Inclusive Prlde prograrnme 5UPPOrt5 young disabled people aged 16-25 with physical disabilities or learning difficultie5 towards a position where they are empowered ènd able to take control over their decisions, have autonomv and ultimately act independently to manage their independence. With supporting young peoplelstudents, the programme will.. engage with young disabled people aged 16-25 across Lewisham and Southwark. provide mentoring and hDme visits where required. work with the Educatlon and Employabiltty Manager to devek)p opportunities for personal development and advocacv within the sports programme work c105ely with SEN schools and the Ioc31 authorities to ensure strong links belween schools and Inclusive Pride programme and offer open referral routes promote the work of Mcf and encourage the referral to associated disability 5POrt work with Partners to increase participatiorb work on the development of annual Celebration event The programme came to an end in January 2021 Charitable Artivities-community Development Pro8rammes Premier League Kicks prnIr League Kicks is the Premier League's flagship community initiative. It has 3 long history of using the power of football and the value of sports participation to help hard-to-reach youngsters in some Df the most di53dvantaged area5 of the community. turn their lives around. By engaging young people between the ages of 8-19 in constructive activities. including a wide variety of sports, coaching, music and educational and personal development sessions, local communities have been transformed with impressive sports participation rates arid the authorities reporting significant reductions in antl-50cial behaviour. Millwall Community Trust has managed to continue to mairntain a high percentage of delivery and coverage through securing local match funding. We work closefy with Southwark Yoyth & Play Isouthwarkl and Youth First ILewishaml to identify locations in need for constructive youth provision. where we now have a number of successful Premier League Kick5 Satellite venue5 throughout both boroughs. 19+ Football Millwall Community Trust work in partnership with Active Communities Network to provSde free weekly football session5 for young people between the ages of 19-24. Although the sessions are open access. they airn to engage with young men and women who are either out of education or employment and the majority who engage are ex-KICKS partScipants. This session evidences that participants, relationship with MCT is enduring and in some cases continues long into adulthood. Volunteering & Mentorlng Millwall Community Trust make a commitment to support a number of people between the ages of 16-24 who have demonstrated a cornrnitment to enrol on the actlve volunteers. programme. Young volunteers benefit from'.- Good learning environment by supporting qualified Coaches at Millwall Communlty Trust Mentoring l..1 support with project manager Opportunity to enrol on accredited coaching cour5e5 to galn an insi8ht in the coaching world of professional development and other educational awareness training Certiflcate of achievement on completion of packages Access to a variety of coaching session plans Page 8
Company Number.. 03920152 Charity Number.. 1082274 Millwall CommunityTrust Report of the Directors and Trustees for the Year Ended 31 March 2021 Variety of volunteering opportunities through the different departments at Millwall Cornmunlty Trust such as community developrnent. sports developrnent and Lions Centre orst Paul's Community Sports Ground facilities. DIVERT DIVERT is a Metropolit3n Police servicediverslon programme Whe Mlllwall CommunityTnJst provide a Custodylntervention Coach based in Lewi5ham Policestation. DIVERT'S mission ist05peakwith 18-25-year-olds whiletheyarestill in police custody with the aim offindingthem empSoymenL education and training. Using a teachable rnomenL we Speak with indNidualswho have been arrested and listen to what they want to aspire to. Using sustained and effective support we then refer young adult5 to respective organizations and employers. Ultimately DIVERT'S goal is to prevent reoffending and reduce crime. The programme runs separately to the criminal justice system, which allows u5 to deal with youn8 adults on a bespoke, case-by-case b35is and tailor our work to ensure that young people receNe the m05t effective 5UPPOrt. So far, we have worked with over 280young adults and helped nearly 120 people into employrnent. Our overall reoffending rate is just eight per cent. Mlllwall Walking Sport5 Clubs Millwall Commtsnity Trust work in partnership with the Southwark Pensioners cent and the SE London Alzheimer's Society to deliver weekly Walknng Sports Clubs for older people across the London Borough of Southwark. The progrnrnme supports older people and those with two or three lirniting long-term health condltions, dement13, mental health difficulties. limited mobilty or those who are inactive. to stay fit and healthy. The two-hour weekly activitles offer older people the opportunity to meet other people have lun, stlmulating the mind, and developing balance and hand-eye coordination. It offers an opportunity for a target audience that would not otherwise be active and may feel diseneaged with the local community. Before ènd after each artivity, the group have open and individual conversations over refreshments, allowlng members to help each other by sharing life experiences and thus reduclng stress, isolation and loneliness. Charitable Artivities- Education and Employability Programmes The aim for the Mrf Education and Employability strand is to provide a suit3ble and robust education and employability programme to target group5 Wlthin the 8oroughs of Lewisham and Southwark. Over the course of the year. these programme5 and have developed 2nd changed to meet the needs of those we are working with and to ensure we are compliant 3nd work5n8 to meet ¥e8ulatory requirements. Alternativè ProvT5ion The Trust has adapted its AP offer into an AP Academy, which provides 3 natural pathway into our post-16 initiatwes. This has enabled us to tap into the mainstream market more and approach local schools to offer our services as AP provider which acts as a pre-cursor to POSt-16 progranme5. Recent developments have seen u5 implement a bespoke l..1 offer whereby schools can refer students to us on a short- term basis. full-time. This can be used by schools as sixth-day provision or respite for any students who are in need of re-engagement and re-integration back to mainstream. Mcf AP Academy can take up to five students at any period of tSme throughout the academic year. All students are on task to achieve BfEC qualifications this year with Year 10 students working towards an award and Year 11 looking to achieve a Diploma. Our education partners, the Mitre Group. and ASDAN have been very supportive with the moderation of work and will continue to externally verify the work we are doing to ensure we rnaintaiTh the hi8hest standards. The AP has been quality assured by both LB Lewisharn and LB Southwark and our short-term objective is to increase the number of learners referred and the ran8e of schools we work with. This will subsequently increase our current d3Y5 Of delivery and enable us to further invest the development of MCT AP. Our longer-term aim is to register Millwall Community Trust Alternative Provision as a Free School. Pa8e 9
Company Number: 03920152 Ch3rity Nurnber.. 1082274 Millwall CommunityTru5t Report ofthe D1ctOrS and Trustees forthe Year Ended 31 March 2021 MCT Atademv Extensive time and effort have been invested into improving the overall quality of our Academy provision This has subsequently led to an increase in number5 on the programme, improved reputation in the local area. strong links created with partTrerschools and the implementation of additional offers such as.. NCS, pre-season training programme. Christrna5 Party and MCT Academy Voluntary Scheme. There èle 54 young people on the pro8ramme across two academic years, studying two qualifieations. NCFE Level 2 and 8TEC Level 3 Diploma. MCT Traineeships Trainee5hip5 has been a project that has been put on the back burner, as it has been important to get the correct V40rk placements before you run a course. This has been very difficult this year. but this will be a focus for 2020-2021. Equality & Diverstty The year has seen the Trust diverse in provision and delivery of their programmes, i.e. with the development of the Millwall Romans football team ILG8TQ+l, and to ensure thatprogrammes are run within costs and impactthe communty. In December 2020, MFC and MCT started the first-ever audit of Board mernber5, Staff, volunteers and participants as part of an oneoing comrnitrnent towards equality, diversity and inclusion in all area5 of operations. An internal survey was sent to all èppropriate stakeholders and Its findings allowed the club to set necessary benchmarks as part of a new wldespread and mvlti-faceted anti-discriminatlon 5traieEY. Included within that was the forrn3tion of an Equality, Diversity and Inclusion Code ol Practice to cover departments throughout MFC and Mcf's activities and recruitment processes. In January 2021. MFC and MCT announced the formation of Its new'Equality Steering CommSttee' . a team of MFC arbd Mcf employees, fans and external advisor5 brought together to drive all initlatives, projerts and strategies relating to all the above. The Committee meets on a monthly basis with all members responsible for actioning differing tasks or objective5 in between. The overall airll of the Committee 15 to ensure that MFC and MCT remain an industry leader when it comes to combatting discrimination within the sport and a150 to ensure that its environment is diverse and (nclusive. FUTURE DEVELOPMENTS Following discussions regarding proposals for the development of the site around the Lioris Centre, trustees have given their backing to Millwall Football Club to negotiate with LB Lewi5ham for a new lease for the land around The Den. The Council has agreed in principle that a new long-terrn lease of all the land occupied by the Club and by the Mct would be granted contalning provisions allowing the redevelopment to be carried out. Di5CUS5ions on the duration of the long- tem) lease are ongoing. The architects appointed by the Football Club have created a scheme to redevelop and regenerate the land around Th Den which includes expanding the stadium, bringlng it and its facilities into line with Premier League requirements, a new centre for the Millwall CornmunityTrust within the stadium, protection of MFC'S youth academy's status, and a hotel and conference centre. This is all very good news for the MCT, Millwall Football Club, it5 SUPPOrters and, above all. for the local community. MCT will continue to develop core theme5 of activity, which in turn will create social value outputs. Some new health improvement, alternative education and employability projects have been rnaintained during 2020-21. MCT Is strategically developlng a new delivery portfolio. building sustainability into each project. We a150 continue to increase activity and partnerships at the Lions Centre, creating additional income. As an exarnple. we are widening the scope of hollday course opportunities by developing the multi-SPOrt and activity programme to create a sustainable year-round offer. Page 10
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trv5t Report of the Director5 and Trustees for the Year Ended 31 March 2021 MCT is also using its experience to partner other organisations to develop new projects in Southwark and Lewisham ineluding"Walking Sport5 for Older People" and other health-related projects. FINANCIAL REVIEW COVID-19 The financial results for the year endin8 31 March 2021 have been partially impacted by the COVID-19 pandemic. Wrth the enforced lockdown of operations along with competitive football being suspended in March 2020, thi5 led to a significant decrease in both business operatiortrs. as well as fundraising capability during the last month of the account period. All major fundraising events were postponed, but plans are in place to resume these events before the end of 2021122. Ourfng the period of suspended operations, the Trust took advantage of the Coronavirus Job Retention Scheme from the UK Government, to protect a5 many role$ 35 possible whilst there wa5 no incorne coming in. In èddition, the decision was taken by the board of trustees to cover any shortfall in the furlough grant claim during this time. De5Plte this, since the year end. with continuine restrictions placed on our operations and IlmitinE our ability to operate effecrively, further cost-saving measures have been enacted, whilst still utili5ing help and assistance frorn the UK Government. and support from the football club. As a further response to the pandemlc. the board of trustees have reviewed business plans together with the Chief Executive, and have been able to adapt some of our operations during this time, including the provision of meals for children and many other initiatives. These not only ensured that the Trust was able to continue to operate. and maintain staffing levels, but at the sarne time has enabled us to still fvifil some of our charitable aims and objective5. Looking further forward, and at the tirne of writing thls. we are more confident with the futLire prospects, 8iven the positive news about the vaccine. Although the results for the year to 31 March 2021 will be si6Nificantly imp3cted, with the cost control measures in place within the Trust, this has partially mitigated the impact, and along with the future bu5ine55 plans, the board are confident of the long-term viability of the Trust. As such the financial information has been prepared on a 8oing ctsncern basrs. as the trustees feel this is the most appropriate presentation of information based upon their medium and long terms plans and fi'nancial projections. Further cornments on accounts 2020-21 A number of re5tritted funds held in reserves carried forward into the financial year were spent delivering project5. This shows up a5 a loss on the profit and 1055 account and annual results. Despite a strong year in tems of outputs and achievements the financial re31ity ol delivering service5 With small margins is that to recover &ctual costs is very difficu5t and some of the projects ended the year in deficit. The balance Sheet a5 at 31 March 2021 shows reserves of £590,641 with good levels of cash at bank. Total reserves increased by £547.51012019-20 Increased by £130,972 to £42,951) and of this £86,364 was an increase in Restricted Reserves In line wlth project timirigs12019-20 increase by £39,588>. There wa5 also an increase in our Unrestricted Reserves by £461.14612019-20 increase £91,384 to £17.383 in deficit). Total income inueased from £1,257,870 to £1,477.247 lin 2019-20 increased to £1,257,870) and costs of eharltable actlvlties decreased to £929,737 lin 2019-20 decreased to £1,126.8981. The Directors colltinuously review the Trusvs income streams and expenditureto identify potential efficiencycost savings to mitl8ate against projects that produtefinancial deficits. Much consideration has been Riven to restructuring theTrusV5 activities in the light of the current economic elimate. Page 11
Company Number: 03920152 Charity Nurnber.. 1082274 Millwall CommLFnityTrust Report of the Directors and Trustees lorthe Year Ended 31 March 2021 Core Fundlng Significant funding support comes through Premier League Charitable Fund, English Football League Trust, The FA. two local authorities. LB Lewi5harn and LB Southwark. and the London Mayorfs Fvnd. The Trust is also grateful for the generou5 iri-kind publicity and logistical support it receives from Southwark News. The majority of expenditure 15 on staff and volunteer5 and the other funds are committed to overheads from occupyin6 offices not on club premises. We are continuously developing creative partnershlps to enable prolects to evolve. Malntalning projects that deliver social outputs but place a strain on Trust finances is a continuing challenge. For example, despite the superb work of the Education and Employabillty Team and the DlsabS1ity Department, which is considered an essential element of the Trust's plans going forward, margins are exceptionally tight. Nevertheless, there Is a social output value to this project beyond the profit and loss report. Core Costs- Full Cost5 Recovery Model The Trust aim5 to employ a full tost recovery model, ottsettin8 costs across projects. In recent years. this has becorne increasingly difficult due to reduced funding and increased costs. There is a limit to the amount each funder will allow for management and overheads. As a guideline we try to recover 15% for management C05t5 plu5 a prDPOrtion of overheads. We are finding that in the case of some projects they cannot take the full overhead which places pressure on the Core. Investment performance In recent years, the Trust ha5 kept it5 reserves a5 cash at bank. However, interest rates are monitored to enable trustees to take an informed view 3$ to whether the Trust could receive a competitive rate of interest If reserves were kept on deposit. Thi5 15 unlikely in the current financlal clSmate. Reserves pollcy Trustees aim to keep reserves equ81 to three months, operating expenses, which is currently estimated to be in the region of £255,000. A full rewew of the budget for 2021122 and the Trusvs management structure has taken place and this has resulted in cost savings being identitied. In addition, new funding achieved in 2019120 ha5 beell maintained in 2021122, including Huski Chocolote and the Nutional Citizen Service Ithrough the EFL Trust). Despite the disruption caused bv COVID-19, at 2021122 year-end, it is expected that the Trust will be in Surplus ad the reserves will be in a healthier position. Funds in deficit Whilst project margins are tight, some projects have run in past years in deficit. This year we have continued to ensure that all programmes are running in line budgets and are reviewed monthly to rnake any adjustments that are Needed. Principal funding sources Funding is achieved for grassroots sports development Ilnked to community cohesion. Social inclusion. health improvement. educatlon, engagement, employability and partScipation in sport. The Trust has a number of fvnding partners including central and local government as well as sports and local charftie5, such as the Premier League Charitable Trust. The FA. EFL Trust, housing associations, local authorities and in-kind sUPPOrt from Millwall Football Club. For the financial year ended 31 March 2021, the Trust was delighted to receive a substèntial legacy from Millwall Football Club. which is reflected in the income received in the year and provides very welcome stability to the finances of the trust. Some fiJnd5 are generated through the organisation of in-schoo5 and extra-curricular coaching. weekend and holiday sport5 clubs, Coach education and a football development programme. Page 12
Company Number.. 03920152 Charity Number.. 1082274 MIMwall CommunityTrust Report ofthe Dlrettors and Trustees forthe Year Ended 31 March 2021 TRUSTEES. REsPONSIBILlEs The trustees Iwho are also the directors of Millwall Community Trust for the purposes of company lawl are responsible for preparing the financial statements in accordance with the United Kingdom Accountlng Standards Iunkted Killgdorn Generally Accepted Accounting Practicel and applicable law and regLslations. Company 13w requires the trustees to prepa financial statements for each financial year. UndeT COrnP3ny law the trustees must not approve the finaneial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable cornpany and of it5 incoming resources and application of resources, including its incorne and eKpenditure, for that period. In preparirsg these financial statements, the trustees are required to'.- select suitable accounting policies and apply them consistently,. observe the methods and principles in the Charities 50RP,. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Stsndards have been followed. subject to any material deparrures disclosed and explarned in the financial statements.. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine. The trustee5 are responsible for keeping adequate accountirng record5 that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any tirne the fin3ncial p051tion of the charitable company and enable them to ensure that the fin6nciBI 5taternents comply with the Companies Act 2006. They are also responsible for safeguarding the 35set5 of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irre8ularitie5. In 50 far as the trustees are aware, there is no relevant audit information of which the charitable cornpany's auditor5 are unaware.. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. CONCLUSION The Trust is looking forward to working with Millwall Football Club and LB Lewisham to support the proposals for the redevelopment of the land held by Millwall Football Club and the Trust. A strong relationship with MFC remains and the Trust's comrnitrnent to deliver high quality servSces that engage. enable and improve the lives of the people of Lewisham, Southwark and the wider'mlllwall Community, continues to drive staff, trustees and volunteers in their excellent service to the organisation. The Trust fates the challenge of taking cornmunity engagement to a new level with optimism and p051tivity in Ilght of Millwall Football Club retaining its place in the English Football League Championship. There 15 a tangible excitement about the future- both on and off the field. Keith Soper Chair of Trustees 10112121 Date.. Page 13
Company Number.. 03920152 Charity Number.. 1082274 Mlwa11 Community Trust Independent Auditorfs Report to the Trustees of Millwall Community Tiust Opinion We have audited the financial statements of Millwall CommunityTru5tlthe'charty'lforthe year ended 31 March 2021, which comprise the Staternent of Financial Attivitses, Balance sheet, ststement of Cash Flows and the related Mote5. including a summary of significant accounting policies. The financial reporting framework that has been applied In their preparation is United Kingdom Aecounting Standards, comprising Charities SORP- FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. ancl applicable law (United Kingdom Generally Accepted Accounting Practicel. In ouropinion the financial statements: Bive a true and fairviewof the5t3te of the charity's affairs asat31 March 2021 and of its results forthe yeartheri ended.. have been propeily prepared in accordance with United Kingdom Generally Accepted Atcounting Pra¢tiie,' and have been prepared in accordance with the requirements of the Companies Act 2(X)6. Basis lor opinion We condurted our audit in accordance with International Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorf5 responsibilities for the audit of the financial 5taternents section of our report. We are independent of the chariry in accordance with the ethical requirements that are relevantto our audit ofthefinancial statements in the UL includingthe FRC'5 Ethical Standard, and we havefulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficient afid appropriate to provide a basis for our opinion. Condu510r relating to going ¢oncem We have nothlng to report in respect of the following matter5 in reSation to which the ISA5 IUKI require us to rewrt to you where.. the trustees use of the going concern basis of accounting in the preparation of the financial statements is not appropriate., or the trustees have not disclosed in the financial statemerèts any identified material uncertaintie5 that may cast significant doubt about the charitys ability to continue to adopt the going concern basis of accounting for period of at least twelve months from the date when the financial statements are authorised for issue. other information The trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditorf5 report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicktly stated in our report, 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 doingso. consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit orotherwise appears to be materially mi55tated. If we identify such material incon5iStencies or apparent rnaterial mi55tatements, we are required to determine whether there is a m3terial misstaternent in the financial statements or a material mi55tatement of the other information. If, based on the work we have performed. we conclude that there is 3 material misstatement of this other informaJon, we are requlred to reportthat fact. We have nothing to report in this regard. Page 14
Company Number". 03920152 Charity Number.. 1082274 Millwall Community Trust Independent Auditorfs ReporttotheTrustees of Millwall Community Trust Opinion on other matters presuibed bythe CompanlesArt 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the for the financial year for which the financial Statements are prepared 15 consistent with the finèncral statement5.' and the Trustee's Report has been ppare£l in accordance with applicable legal reqUremeTrts. Matters on which we are required to report by exception In the liEht of our knowledge and understandlng of the company alld its environment obtained in the coutse of the audit, we have not identified material mlsstaternents in the accounts. We have nothing to report in spect of the following matter5 where the Companies Art 2006 require5 US to retortto you , in our opinion.. adequate accountin8 records have been kept. or returnsadequate forour audit have not been reiVed From branches not visated by us., or the financial statements are not ill agreement with the accounting records 3nd returns,. or certain disclosures of trustees remuneration specified by law are not made.. or we have not reived all the information and expLinations we require for oUraUd. Responsibilitie5 of trustees As explained more fully in the (set outon page 141, the trustee5 are responsible forthe preparation of thefinancial statements and for being satisfied that theygwe a true and fairview. and for such internal control ès the trustees determine is necessary to enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or error. In preparlng the financial staternent5. the trustees are re5POnsible 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 orto cease operations. or have no realistic alternative but to do so. Audftorfs responslbllitres for the audlt of the finan¢lal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whetherdue tofraud orerror, and to Issue an audltorfs reportthat includesour opinion. Reasonable assurance is a high level of assuran, is not a guarantee that an audit conducted in accordance with ISAS IUKI will alvtsys detett a material misstatement when it exists. Misstatements can arise from fraud orerror and are consldered material if. individuallv or in the a88regate. they could reasonably be expected to Influence the economic detisions of u5er5 tsken on the basis of these flnanclal statements. A further description of our re5ponsiblllties for the audlt of the flnanclal statements is located on the Finaficial Reporting Council's web51te at www.frc.orB.uk/audltorsresponslbllltSes. Th55 descript form5 Part of our auditorfs reporL Extenito whl¢h the audit wa$ consldered capable of detecting irregularities. induding fraud Irregularities, Sncluding fraud, are instances of non- with laws and regulatiOn5. We design procedures in line with our responsibilities. outlined above and on the Financial Reporbng Councifs website, to detect material mSsstatements in $pert of irregularities, including fraud. We obtsin and update our understanding of the entity, its activitie5, its control environment, and likely future developments, including in relation to the leg312nd regulatory framework applicable and how the entity is complying with that framework. Based on thi5 understanding, we identify and asse55 the risk5 of material misstatement Df the financial statements, wheiher due tofraud orerror. design and perform audit prOCedre$ responsive tothose rlsks, and obtaln audlt evidence that 15 Page 15
Company Number.. 039201S2 Charity Number.. 1082274 Mlllwall Q)mmunityTrust Independent Audltorfs ReporttotheTrustees of Millwall Communlty Trust sufflent and appropriate to provide a ba515 for our opinion. Thls Sncludes consideration of the risk of atts by the entity that were contrary to applicable laws and regulations. including fraud. In response to the risk of irregularitie5 and non-compllance with laws arrfl regulation5. including fraud, v4e designed procedures which included.. Enquiry of management and thosecharged with goverrsance around actualand potentlal litiEation and clairns aswell as actual, suspected and alleged fraud,. ReviewnE minutes of meetings of those charged with governance.. Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection.. Reviewing financial statement disclosUS and testing to supporting docurnentstion to assess compliance with applicable laws and regulations.. Performing audit work overthe risk of management bias and override of controSs, IncludinE testing ofjournal entrie5 and other adjustments for appropriateness, evaluating the business rationale of significanttransactions outside the normal course of business and reviewing accounting estirnates for indicators of potential bia5. Because of the inherent Ilmitatlons of an audit, there is a risk that we will not detect all irregulaTlties, ir*cludingthose leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compli3nce with a law or regulation is removed from the event5 and transactions flerted in the financial statements, a5 we will be less likelyto becomeawareof instances of non-compliance. The riskof notdetectinea material misstatement resulting frorn fraud is higher than for one re5ultsng from error. as fraud may involve collusion. forgery, Intentional omissions, misrepre5entstion5. or the override of internal control. Use ofour report This report is made Sole to the charitable company's trustee5. a5 a body, in accordance wth Chapter 3 of Part 16 of the Companies Art 2006. Our audit work has been undertakern so that we might state to the charity's trustees those matters we are required to State to them in an auditorfs 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 charitable company and its trustees as 3 body. for our audit work, forthis report, orfor the opinions we have formed. David Lawrence BSclHonsl FCA1Senior Statutory Auditor) For and on behalf of Azels Audit Services Liinited Statutory Auditors & Chartered ACCOUntat5 Ashcombe Court Woo15ack Wav Godalming Surrey GU7 ILQ Date.. 16 December 2021 Page 16
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trust Statement of Financial Activities lthcludinK Intome and Expenditure Accountl For the year ended 31 March 2021 Unrestricted Funds Restricted Funds Total Funds 2021 Total Funds 2020 Notes INCOMING RESOURCES Incoming resources fiom charltable activitles Grants. donations and contracts for projects and activities Grants for the construction of the Ball Court Extension 241,865 287.360 529,225 522,355 145,OLKI 145,000 145.000 Sub-total Grants 241,865 432,361J 674,225 667,355 Soccer Schools Schools coaching Other fees and income Facility hire and other rèntal incomè Furlough income 1,909 157,213 256,432 174,962 222,895 316,517 76,823 186,787 222,895 316.517 76.823 186,787 Total Income 1.044.887 432,360 1,477,247 1,257.870 EXPENDITURE ON: Charitable activitres: Sport and education programme5 583.741 345,996 929.737 1.126,898 Totsl Expenditure 583,741 345,996 929,737 1.126,898 INCOMEIIEXPENDITUREI 461,146 86.364 547.510 130,972 Transfers between funds 33,528 133.5281 NET MOVEMENT IN FUNDS 130,972 TOTAL FUNDS brought10nard 117,3831 60,334 42,951 188.0211 TOTAL FUNDS carried forward 15 477,291 113.170 590,461 42,951 The Statement of Financial Attivities includes all gains and losses in the year. All incornel lexpenditurel derives from continuing artwrties. The notes on pages 20 to 30 form part of these account5 Page 17
Company Number.. 03920152 Charity Number.. 1082274 Millwall CommunityTrust Balance Sheet as at 31 March 2021 Notes 2021 2020 FIXED ASSETS Tangible assets io 132,384 278.CK)S CURRENT ASSErs Debtors Cash at bank and in hand li 351,753 287.164 1,950 131,807 638.917 133,757 CREDITORS Amounts falling due within one year 12 1180,8401 1268,4791 NET CURRENT ILIABILMESIIASSETS 458,077 1134.7221 TOTAL ASSEtS LESS CLIRREMf LIABILITIES 590,461 143.283 CREDITORS Amounts falling due after one year 13 IICX),3321 NET ASSETS 16 590,461 42,951 FUNDS Unrestricted funds Genernl fvnds 15 477.291 187,8941 Total UnstrICted funds 477,291 187,8941 Restritted funds 15 113,170 130.845 Total Funds S90A61 42.951 10112121 These Financial Statements from page5 17to 30 have been approved by the Board of Director5 On........................................... and signed on its behalf by Keith Soper Trustee The notes on page5 20to 30 fomi part of these accounts Page 18
Company Nurnber.. 03920152 Charity Number.. 1082274 Millwall CommunityTru5t ststement ofcash Flows For the year ended 31 Mar¢h 2021 Notes 2021 2020 Net movement In fundsfrjrthe reporting perlod 547,510 130.972 Adjustments for.. Depreclatlon charges Decreaselllncreasel in stocks Decrease/llncreasel in debtors IOecrea5el/increa5e in creditors 148.359 149.276 1349.8021 1187,9721 169.339 1361.5891 Net cash provlded by lused Inl operatlng actlvlties 158,1XS 87,998 Cash flows from investing artfvllles: Purchase of plant and equipment 12,7381 18,3921 Net cash provided by (used inl investing activities 12,7381 18,3921 Change Fn cash and cash equivalents in the reporting perrod Cash at the beglnnlng of the reporting period 155,357 131.807 79,606 52.201 Cash at the end of the reportirt8 period 287,164 131,807 The notes on pages 22 to 32 fomi part ofthese accounts Page 19
Company NumbEr= 03920152 Charity Number.. 1082274 Millwall CornmunityTrust Notes tothe Financial Statements forthe year ended 31 March 2021 ACCOUNTING POUCIES Statement of tompliance Millwall Community Trust 15 a private company limited by guarantee, Incorporated in England. The registered office 15 Ihe Den, Zampa Road, London. The nature of the charity's operations IS set out in the Report to the Trustees. The financial statements have been ppared in accordance with Accounting and Reporting bychar1ti.' Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reportlng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151- (Charities SORP IFRS 10211. the Financial Reporting Standard applitable in the UK and Republic of Ireland IFRS 1021 and the Companies Art 2006. Basis of preparation Millw311 CommunityTrust meetsthe definition ofa public benefitentity under FRS 102. Assetsand liabilities are initial recognised at histori1 cost ortransaLtion value unle55 Otherwlse stated In the relevant a£countin8 policy notes. Going concern Following the deficits Incurred in the past two finanoal years, a full revlew has took place of the Trust's annual budget and its managementstrutture. including financial management. Thi5 ha5 resulted in costsavings being implemented, reflerted in the results for 2020121. The Trustees have paid particul3r attention to the impact of COVID-19 on ihe operations of theTrustand are confidentthatthere areno material uncertainties aboutthe charity'sabilityto continue as a going concern nor any significant areas of uncertainty that affectthe carryingvalue of assets held by the charitv. Tzngible Fixed Assets and Depreciation Tangible Fixed A55et5 a stated at Cost less depreciation. DePCIatIOn is provided at rate5 calculated to wrfce off the ctrst Lir valuation of fixed assets. less their estimated residual value, over rheir expected useful lives on th&following bases.. Computerequipment CCTV sy5M Leasehold improvements Fixtures and fittings Sports Equipment 25% straight line bas 20% straight line basi5 20% straight Ilne basls 15% straight line basis IO% straight line basis The Ball Court Extension was completed in Novernber 2005. The extenslon is considered to have three separatelv identifiable components each of which have different estimated useful lives, as detaSled below. All of the parts are depreciated on the straight-line ba51S. Astroturf aoof 8uilding 10 years 17 years 17 years Voluntary Inme Voluntaryincome 15 recewed bywayof donation5 and gifts and is included in fLJII in the Staternentof Financial ActNitie5 when receivable. The value of certain services and facilities provided by Millwall Football Club and Footballers, Further Education and Vocational Training Society Limited has not been induded. Page 20
Company Number: 03920152 Charity Number.. 1082274 Mollwall CommunStyTrust Notesto the Flnanclal statements forthe year ended 31 March 2021 1.6 Grants Recefvable Grants, including grants for the purchase of fixed assets, are recognis in full In the Statement of Financial Activities in the year in which Iheyare receivable. Thegrants are split between differenttypes of incoming resources as deemed appropriate. The grant for the Ball Court Extension has been treated as deferred incorne and will be rnatched to the capital expenditure it relatesto. Itwill be released in line with the estimated useful lifeofthe building. Thi5 policy 15 corTr5idered to be appropriate as it reflects a fairer positSon of the charity in relation to the income and expenditure of the Ball Court. Other income Yetelvable Fee income fromsoccerschools and schoolscoachin& lacilityand otherequipmenthire is recOgnSsedwhentheser Is performed. Resources Expended Expenditure is recogni5ed on an accrua15 basi5 as a Ilabllity Is Sncurred. Expendf(ure is reported as part of the expenditure to which it relates.. AII c05t5 are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services. It include5 coststhat can be allocated directlyto such activities and costs of an irhdirect nature neces5aryto support them. Support costs include other professional fee5 and charges or credits relating to the Company's Value Added Tax partial exemption registration. These costs and credits have been allocated directly to such activitie5. where Possible and otherwise wlth reference to the proportion of total restritted income to total unrestricted income. Governance costs include those a550ciated with meeting the constitutional and statutory requirements of the Chartty which include the audit fees and costs linked to the strategic management of the Charity. Restrkted Funds Restricted funds are to be spent on specific cost items and monitored by the donor throughout the life of the grant. Expenditure which meets these criteria 15 charged to the fund together with a fair allocation of Premis and administration overhead. Staff costs and overhead expense5 are allocated to projects and activities on a fair and reasonable basis within the terms and conditions of the funding provided. In the event thatfunding is not Used by the Trust for specified purposes, there is a contractual obligation to repay donors. 1.10 Unrestricted Fund5 Unrestricted funds are grants, donatlons and other Income CeIved or generated for the objects of the charity. Any surplus from grant5 received are reinvested towards the charitable airn5 of the Trust. 1.11 VAT Incorne and expendlture have been induded InCluse of VATwhere VAT Is consldered to be Irrecoverable, Page 21
Cornpany Nutnber.. 03920152 Charity Number.. 1082274 Millwall Community TtUSt Notesto the FInClaI Statements forthe year ended 31 March 2021 1.12 Debtors Short term debtors are measured at transaction value less any Smpalrment. At each balance sheet date, debtors a assessed for objective evidence of Impairment. If an asset is irnpaired, the impairment 105s is measured a5 the difference between the carrying amount and the amount expected to be received. 1.13 Creditors Short term trade creditOTS are measured at transaction walue. Other finanaal liabilitie5. induding bank loans, are measured initially at fairvalue. netoftransaction costs. and sub5equentlyatamortised cost usingtheeffective interest rnethod. 1.14 Keyjudgement and Estimate$ The Only kéy judgement and estim3te is considered to be the Ball Court depreciation which is detaId in note 1.4 NET OUTGOINGIIINCOMINGI RESOURCES FOR THE YEAR 2021 21)20 This is stated after charging or Icreditsn81-. Depreciation of tangible fixed assets owned by the Chality Amortisation of ball court grant Auditois, rernuneration Audit setvices 3,359 1145,0001 4,156 1145.0001 ii,ctsJ 10,800 GRANTS FOR YHE CQNSTRucnoN OFTHE BALL COURT ExfENSION Unrestricted Restrirted Total 2021 Total 2020 Amortisation of B311 Court 8rant 145,000 145.LhJJ 145,000 OThER INCOME Unrestrlcted RestrKted Total 2021 Total 20ZO Legacy donation Sponsorship income Other academy incorne Other income 215,557 215,557 50.OLKI 50,368 185,192 20,872 50,960 50,960 316,517 316.517 256,432 The Income recewed the year ended 31 March 2020 all related to unrestricted funds. The legacy donation was pledged in the year through Millwall Football club, and wa5 reived in 2021122 in the for of a share sy)rtfollo.The amount pledged Is shown Wlthin Grantsand income re1vablewlthin current a55ets. see note ii, Page 22
Company Number.. 039201S2 Charity Number.. 1082274 Millwall CommunityTrust Notesto the Financial St3tement5 forthe year ended 31 March 2021 GRANT5, DONATIONSAND CONTRAcfs FOR PROJECTS AND A1VE5 Unrestrirted Restrkned Total 2021 Totafs 2020 ActNe Communitie5 Breaking 8arrlers- Southwark Bromley and Lewisham BLG Central 8rants ty Bridge Trust Divert Programme IMP51 Football League Trust- Core Funding Football League Trust- Infrastructure Premier League Kick5 Kinder Move & Learn Lewisham Management London Borough of Lewish3rn- PL Kicks London Borough of Lewi5harn- Lockdown Support Grant National Citizenship Service Player Development Centre Premier League Trust- Primary Stars Regional Talent Club- Girfs Restart Football Grant Riverside Projert Social MiKin8 Project Southwark Council Lockdown Grant Southwark Walking Sports Southwark Youth & Play Southwark Neighbourhood Fund Sundry Donations and associated gift aid The Mayors Fund for London Traineeship Programme We Do Care Grant Wembley Trust Funding Young Londoners Fund Youth First 5,0(K> 64,370 8.722 8.722 1,725 9,715 36,500 33,QKIO 42,(K)O 1.725 9,715 36,500 36,300 30.000 35.150 8,(M)O 99.412 18,928 31,998 33.OL)O 42,000 133,437 133.437 10,400 10,400 18.750 18.750 21.118 21.118 28,144 28,144 1.004 20,000 52.100 3.000 19,850 3,325 14,859 14.859 938 21.602 12.000 21.602 17,010 11,851 49,042 32,403 4.560 13,263 5.010 11,851 49.042 14,845 3,500 3,500 5,000 59,849 59.849 30,908 522.355 241,864 287,360 529,224 Projects and Actfjvities Of the income from projects and activities received in the year ended 31 March 2020, £448,480 was resrricted and £73,875 was unrestricted. Page 23
Company Number- 03920152 Charity Number.. 1082274 Mlllwall CommunStyTrust Notes to the Flnan¢lal Ststements for the year ended 31 March 2021 RE50LIRCE5 EXPENDED CHARITABLE EXPENDITURE.. SPORT AND EDUCATION PROGRAMMES Unrestricted Restricted Total 2021 Totsl 2020 Salaries Sport5 equipment and klt Hire of faciliti other project and actlty costs Staff trdining Tran5POrt. travel and motor expenses Premises e05ts 413,853 2,022 1.737 21,837 1.528 9.980 52.867 5,820 14.366 3,359 862 21.350 34.159 141,938 555.791 2.022 51.737 21.837 1,619 10,017 52,867 7,725 14,366 148.359 862 650,763 1,411 17,425 44,699 3,643 14,307 145,314 14,696 18,246 149,156 25,928 10,800 30,SIO 50,0(M) 91 37 Printing. post, statlonery and telephones Computer equipment and software Depreciation Other expenses Govemance Cost5 INote 81 support Costs (Note 71 1.905 145,000 21,350 41,184 7,025 583,741 345.996 929.737 1.126,898 Of the £osts inojrred in the year ended 31 March 2020. £492.192 was restricted and £634,706 was unrestritted. RESOURCES EXPENDED CHARITABLE EKPENDITURE: SUPPORT COStS Unrestricied Restrirted Totsl 2021 Total 2021 Profe55ional fees 28,342 5,652 165 7,025 35,367 5.652 165 25.173 5.537 Company Secretary fees and expenses Other expenses 34,159 7,025 41,184 30,510 The costs incurred in the year ended 31 March 2020 all related to unrestricted funds. RESOURCES EXPENDED GOVERNANCÉ COSTS Unrestrirted Restricted Totsl Total zozo zozi Audit 21.350 21,350 10,800 The costs incurred in the year ended 31 March 2020 all related to unstrIrted fvnds. Page 24
Company Nurnber.. 03920152 Charity Number.. 1082274 Millwall CommunltyTrust Notesto the Financial Statements forthe year ended 31 Mèrch 2021 STAFF COSTS AND NUMBER5 2021 2020 Staff costs were.. Salaries and wages (including coachin8 Staffj Socia5 security costs 520,331 35,460 536,096 36,823 555,791 572,919 The avege weekly number of employees during the year. calculated on the basis of full-time equivalent was as follows.. 2021 14 2020 13 li Core Staff Casual coaches 17 23 The average number of staff employed during the year was as follows.. 2021 14 17 2020 13 27 Core Staff Casual coaches 31 40 The number of employees who earned £60,000 per afflnvm or more (including taxable benefits but excluding ernployer pension contribution51 during the year wa5 as folk)ws'. 2021 2020 £60.001- £70,0 During the year remuneraiion of £65.CrfJO12020.. £65,000) was paid to Key Personnel. During the year remuneration of £Nil12020.. £Nill was paid to the Trustee5. Duringthe yearempenses of £Nil12021Tr. £Nill were paid to theTrustees. Various volunteers helped the trust duringthe year, assisting with delwery of projects, administratlgn and general maintenance at the Lions Centre. Page 25
Cornpany Number.. 03920152 Charity Number., 1082274 Millwall CommunityTrust Note5 to the Finanual Statements forthe year ended 31 March 2021 io. TANGIBLE FIXEDASSET5 Ball Court extension Leasehold Impio¥ements ccrv system Computer equipment Sport5 equipment Fixtures and ffttlngs Totsl Costs At l April 2020 Addthon5 1,503,771 15,066 4,460 40,054 2.738 30.494 21.743 1.615,588 2,738 Disposals At 31 March 2021 1,503.771 15,066 4,460 42,792 30,494 21,743 1,618,326 Depreciation At l April 2020 1.238.314 15.066 4.460 32,082 27,535 20.126 1,337,583 Charge for the year 145.000 2.305 592 404 148,359 Disposals At 31 March 2021 1,383.314 15.066 34,387 28,127 20,530 1,485,941 Net Book Value At 31 March 2021 100,332 8.405 2.367 1,213 132.384 At 31 March 2020 265,457 7,972 2.959 1,617 278.005 All tangible fiKed assets are owned by the charity and are used dirertlyfor charitable purposes. Mlllwall Community Trust has 3 25 year lease with the London Borough of Lewisham to occupy the knons Centre at a peppercom rent. The lease expires on 19 November 2029. Page 26
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Note5 to the Financial Statements for the yearended 31 March 2021 ii. DEBTORS 2021 2020 Grants and income recelvable Other taxes and social seeurity Prepayments and accrued income 273,240 18.103 60,410 1,950 351,753 1.950 12. CREDITORS (AMOUNTS FALUNG DUE WITHIN ONE YEAR) 2021 2020 Trade creditors Other taxes and soctal security Other creditors Accruats and deferred income Deferred Grant IBall Court Extension) 2.613 9,316 36,LY)O 32,579 100,332 57.655 19,093 28.099 18,632 145,(K)O 268,479 180,840 Page 27
CompaNy Number.. 03920152 Charity NumbeT-. 1082274 Millwall CommunityTrust Notesto the Financial Statements for the year ended 31 March 2021 13. CREDITORS (AMOUNTS FALUNG DUEAFTER ONE YEAR) 2021 2021 Deferred grants 100,332 100,332 The amortised grants provided in relation to the ball court extensior) which totalled £100.332 at 31 March 2021 have been deferTed for release agair15t the original cost of the extension which talled £1,503,771 and are included within fixed assets at the year end. The ball court grant income wll be released in line with the estilnated seful lrfe of the ball court (note 11. DEFERRED GRANT Cost At l April 2020 and at 31 March 2021 1,482,929 Amortisation At l April 2020 AmortSsation for the year As at 31 March 2021 1,237.597 145,000 1,382,597 Net Book Value At 31 March 2021 100.332 At 31 March 2020 245,332 Due wlthSn oneyear Due afterone year 100,332 100,332 14. OPERATING LEASE COMMrrMENT5 The total of ft&ture minimum lease payments as follows.. 20Zi 2020 Not later than one year Between two and five year5 1,955 4,691 1,955 Page 28
Company Number.. 03920152 Charity Number.. 1082274 Mlliwall CommunltyTrust Notesto the Flnancial Statements forthe yezr ended 31 March 2021 Is. MOVEMENT IN FUNDS Transfers Between Fund5 l April 2020 31 March 2021 Incoming Outgoing Restrirted funds Breaking Barriers Divert Programme (Mps) KIC Premier League Kinder Move & Learn Lewi5ham main grant Premier League Stars Regional Talent Club Riverside Southwark Youth & Play Southwark Neighbourhood Fund Young Londoners Fund Sub-total 2,734 8,722 33,0(M) 133,437 16,1011 123,0821 193,3331 11,3081 14.9501 120,0161 4,047 4,968 20,088 5,428 11.073 22,848 5.428 8,250 22,848 19,5761 19.850 10,801 18.750 113.1151 12,8131 9,576 19.850 14,053 1,807 9,010 113,170 21,602 12,000 59,849 115,1101 18,3931 141,8621 1200,9961 13.2401 11.8001 18,9771 133,5281 60,334 287,360 Ball court grant amort15ation 145.000 1145,oc(II Sub-total Restricted fund5 60,334 432,360 1345,9961 133.5281 113,170 General funds 117,3831 1,044,887 1583,7411 33,528 477,291 Total restrlcted and unrestrKted funds 42.951 1.477.247 1929,7371 590,461 Re8ionalTalent Club.. Provision of high quality footb311 coachingfor girls. The Centre runs squads for Ul(k, 12$, 14s and 165. The fund is no longer linked tothe Footb311 Association nation31 programme and the deficit has been transferred to general fund5. Football Foundallon Fans Zone.. To provide matchday activities for Millwall and visiting young supporters. Premier League Klcks.. A sports aLtitY prograrnme for 12 to 19 yea¥ old5 in partnership with the Metropolitsn Poli, The F4 the Premier & Football League.. The basis is intensive provi5iorn in a geographical area hi8hli8hted as a 'hot spot" for youth crime. Lewlsham Youth Servlce: Annual funding application for specific youth activitie5 based around inclusion and education. Premler League Primary Stars.. Primary 5chotsls coachlng and education programme. 5outhwark Councll Youth and Play.. A grant from the London Borough of Southwark toward5 the Millwèll Kicks programrne on the housing e5tstES in Southwark. Ball Court Extenston.. Extension to original Lions Centre consistingof an *ndoorAstroturf. Information on grants not listed here can be found in the trustees report on pages >lO. The total balance of £113,170 on Restricted Funds is to be carried fOard into 2021122 to be spent on the respertive project5. The transfer to unre5tri£ted funds represent5 the net amounts charged to these projects and activities in respect of management costs and for the use of the Lions Centre facilities, Coach education courses and other good5 and seMce5 provided by the charity. Page 29
Company Number.. 039201S2 Charity Number.. 1082274 Millwall CommunityTrust Notesto the Flnanclal Ststements for the year ended 31 March 2021 16. ANALYSIS OF ASSETS BETWEEN FUNDS Unregtrl¢t4d fund5 Restrl¢ted lund5 Total Funds Tangible fixed a55ets Net current Iliabilitiesllassets 32,052 558,409 100,332 1100,3321 132,384 458,077 Netèssets at 31 March 2021 590.461 59J,461 17. CONTROLLING PARYY The Charity is controlled by theTrustees and Directors of Millwall Community Trust. 18. RELATED PARTYTRANSACTIONS There were no related party transathons duringthe year. Page 30