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2022-03-31-accounts

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust (A company limited by guarantee)

Report and Financial Statements For the year ended 31 March 2022

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Page
Company Information 1
Directors’ and Trustees’ Report 2 - 13
Auditors’ Report 14 - 16
Statement of Financial Activities 17
Balance Sheet 18
Statement of Cash Flows 19
Notes to the financial statements 20 - 30

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Company Information

DIRECTORS AND TRUSTEES: Mark Fairbrother Rt Hon Sir Simon Hughes Steve Kavanagh Peter Garston Lord Kennedy of Southwark Stuart Lock Carly Simmons Keith Soper Jason Vincent COMPANY SECRETARY: Philip O’Halloran CHIEF EXECUTIVE OFFICER: Sean Daly REGISTERED OFFICE: The Den Zampa Road London SE16 3LN REGISTERED CHARITY NUMBER: 1082274 COMPANY NUMBER: 03920152 AUDITORS: Azets Audit Services Limited Registered Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ BANKERS: Barclays Bank PLC Leicester LE87 2BB

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

The Directors and Trustees present their annual report for the year ended 31 March 2022 together with the audited accounts for the year and confirm that the latter comply with the requirements of the Companies Act 2006 and the Charities SORP (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document: The charity is controlled by its memorandum and articles of association, being a company limited by guarantee, as defined by the Companies Act 1985.

Recruitment and appointment of new trustees: 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 number of trustees must not be less than three, and there is no maximum.

The first trustees subscribed on incorporation of the company. At the first annual general meeting all of the trustees retired from office, in accordance with the articles of 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 an ordinary resolution of the company. During 2022, an external recruitment process will be undertaken to appoint an additional trustee.

Induction and training of new trustees: New trustees are invited to the Trust's offices at the Lions Centre to meet the staff and are given an 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 their fellow trustees, who they are invited to meet at the earliest opportunity.

Organisational structure

The Trust is a company limited by guarantee and is registered with the Charity Commission. Six trustees (directors for company purposes) were appointed on incorporation, all of whom have since resigned. At 31 March 2022, the Trust had nine trustees.

A Chief Executive, who is not a trustee, leads the Trust on a day-to-day basis supported by a Leadership team including up to four strand managers, responsible for Schools (including Primary Stars); Football and Sports Development; Employment & Education; NCS (National Citizen Service) and Premier League KICKS.

The Leadership Team develop core projects and usage of the Lions Centre, related to the Trust’s Charitable Aims. The Chief Executive Officer is paid at market rates which have been approved by the board of trustees. The Trust has contracted with Millwall Football Club (MFC) to provide its finance function. An MFC Finance Manager is responsible for processing all financial reporting for the Trust.

Wider network

The Trust 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 Boroughs of Lewisham and Southwark, and KICKS is supported by the Metropolitan Police and the Premier League Charitable Foundation. The Trust has a strong relationship with London Boroughs of Southwark and Lewisham and is developing a new relationship with Sevenoaks District Council. In addition, the Trust has developed Service Level Agreements with a number of schools across its catchment area for curriculum and extra-curricular physical activity delivery.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

Vision, Objectives and aims

The charity's objects are for the benefit of the public generally with a clear “vision” to use the unique passion of Millwall to connect and inspire the club’s communities. The Trust’s mission is that we will use the power of Millwall to improve the lives of people through engagement in sport. In this way, the Trust aims to deliver high quality services that engage, enable and improve the lives of the people in the following key areas:

Lions Centre and St. Paul’s Community Sports Ground

The Lions Centre is the Trust’s operational HQ. Opened in 2002, the centre offers excellent facilities, including a sports 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 community, train new coaches and forge links with local schools, community groups and businesses.

In December 2016, the Trust took on the management responsibility of St Paul’s Community Sports Ground in Rotherhithe, Southwark. The facility offers a full-size, floodlit artificial turf pitch, a club room, changing rooms and spectator facilities enclosed within a secure sports ground fencing. The facility is the home venue for Fisher FC, Millwall Lionesses and Millwall Lionesses Girls Football Academy and the Millwall Romans (LGBTQ+). The venue also hosts a number of local clubs, schools and higher education institutions.

The facilities act as venues for the Trust’s Academy, an educational programme that provides interactive sports learning programmes 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 classroom-based lessons, followed by practical sessions in the gymnasium, outdoor or indoor football pitches.

The Trust aims to create a sustainable year-round community sport offer for the residents of Southwark and Lewisham and our partners, including Sevenoaks District Council. We have embarked on discussions with parties interested in working with us to decide where additional delivery hubs will be, enhancing the range of opportunities for all.

Related parties

Whilst the Trust is an independent organisation constituted as a company limited by guarantee with charitable status directed by a board of trustees, it has a longstanding working relationship with MFC. The Trust evolved from a Football in the Community programme originally established in 1985, which was a partnership between the football club, and Lewisham and Southwark local authorities.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

Risk management

The trustees have identified and reviewed the risks to which the charity is exposed and ensured that appropriate controls are in place to provide reasonable assurance against fraud and error.

Significant activities

The Trust provides a broad range of opportunities throughout the year, designed to engage the local community in sports, health and education activities. This ranges from the schools’ sports programme that is offered across a range of sports to the comprehensive social inclusion programmes in Lewisham and Southwark. A full description of activities is provided under the details of charitable activities.

Public benefit

The trustees have followed the guidance issued by the Charity Commission with regard to the public benefit arising from the activities they decide the Trust will undertake. The objectives and aims of the Trust are covered in more detail in these notes. The Trust provides thousands of people within the surrounding community with a range of free or affordable opportunities to participate in sport and leisure promoting inclusion and opportunity for all who wish to take part. In addition, the Trust is working with local partners to improve facilities with the aim of providing more sporting opportunities.

Volunteers

An increasing number of people are volunteering to support the work of the Trust. Within the various work areas, volunteers have been recruited to assist in coaching, administration, 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 and people management.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

STRATEGIC OVERVIEW OF THE YEAR 2021-22

Introduction

It is 37 years since the Millwall Community Scheme was established in 1985 as a result of a Greater London Council (GLC) initiative that offered London football clubs revenue funding for the employment of a single worker, plus a working budget for a five-year project to develop links and programmes within their communities. In the intervening years, the Trust has grown to offer a diverse range of sports, health, education and inclusion projects.

2021-22 was again a challenging year due to disruption caused by COVID-19 restrictions, which resulted in the temporary closure of the Lions Centre and St Paul’s Community Sports Ground and the suspension of a number of the Trust’s activities. Despite this, the Trust built on its refreshed vision, mission, aims and objectives and continued in its ambition to be more outward facing with an emphasis on partnership working and collaboration. Where permitted under COVID-19 restrictions, the Trust worked closely with its partners in the planning and delivery of an inclusive range of sporting and social opportunities for thousands of young people and adults living in disparate communities across Lewisham and Southwark. Specific support provided by the Trust to the local community included:

The Trust has re-established itself as a significant provider of sport, health, education and community development opportunities for children, young people and adults across Southwark and Lewisham. The Trust has expanded and enhanced sports provision and continues to improve the quality of life for both individuals and neighbourhoods.

The aims and objectives agreed for each strand of activity this year resulted from our regular review of the values, principles and services provided by the Trust. The strategic financial aim is for the Trust turnover to be split between funded projects and services and generated income. This is a considered strategy 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 disability programmes, place a strain on Trust finances, which is a continuing yet accepted challenge. Nevertheless, we have continued to “right-size” the organisation to maximise resources available as well as ensuring there remains significant social impact to our work. Despite a strong year in terms of outputs and achievements 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 work, particularly in health improvement and employability, which now deliver some exciting and innovative projects.

It is 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. The Trust aims to create a sustainable year-round community sport offering for the residents of Southwark and Lewisham. In 2021 -22, on average over 8,000 young people weekly and over 12,000 residents annually have been engaged and benefitted by using the services provided by the Trust, with support from the Club.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

STRATEGIC OVERVIEW OF THE YEAR 2021-22

Introduction (continued)

A detailed analysis of the ‘end of year’ reports provided by programme managers defines a richness in the quality and diversity of the Trust’s work and pays tribute to the enormous dedication and professional competence of full and part time staff. In this short summary of the outcomes of the Trust’s work, we will draw attention to achievements and will attempt to summarise the impact the Trust’s programme has made 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 projects have a duration of 1-3 years. Each project manager is responsible for their specific cost centre and submits proposals for funding. The CEO also develops large funding proposals and supports management staff with their projects.

Charitable activities – Schools Coaching

Following the disruption caused by COVID, the Trust has now resumed delivery of school curricular and extra-curricular sports programmes with over 70 sessions per week across our two core boroughs of Lewisham and Southwark. This includes the delivery of targeted girls-only sessions and practical PSHE sessions focusing on nutrition and health.

The Trust also organises sports days, summer fetes and fairs at schools in Lewisham and Southwark, including supporting large community events such as Lewisham People’s Day and Bermondsey Festival. Also supporting the club’s outreach work in the community, via the FANZONE.

Other activities include boys and girls football competitions on behalf of the Premier League & EFL Trust.

Charitable activities - Sports Participation

Holiday Courses

The Trust undertakes a large sports participation programme both in football and multi-sports. The Trust’s coaching staff deliver a range of sports in schools, local grass roots football clubs and sports centres, on behalf of community groups and organisations, and deliver holiday course programmes during the school holidays. School holiday provision (13 weeks per year) for boys and girls is delivered at venues in Lewisham, Southwark and Kent, including the Lions Centre, and St Paul's Sports Ground.

Term-Time Football Club

We continue to deliver Term-Time Football Club (player development centre), the after-school football coaching programme. Sessions are offered two nights per week and at the weekend engaging children aged 3 - 12 years. We are continuing to develop this programme and align it more closely to the schools coaching programme in order to encourage children to continue their participation outside of school and increase attendance levels.

Football Development

The Trust has a strong relationship with the MFC Academy and Millwall Lionesses, with a number of participants from our activities being invited to trial for and then sign for the respective club. Term-time Football Club continues to provide a sustainable foundation for young player development, with currently six first team Lionesses players first starting their football journey with the Trust and attending the Millwall Girls Football Academy programme.

Millwall Lionesses and Girls Football Academy

Millwall Lionesses is one of the oldest clubs and most recognisable names in women’s football. Founded in 1971, the Lionesses became the first club in the country to be officially affiliated to a professional men’s team in the 1980s, as MFC sought to strengthen its ties with the local community. Following the decision in May 2019 to relinquish the FA Women’s Championship licence, the Trust is now registered with the London Football Association to operate Millwall Lionesses football team. This football team plays in the Southeast Women's League (level 5). As part of the on-going partnership with MFC and the Community Trust, the Lionesses first team train and play their fixtures at St Paul’s Sports Ground.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

Millwall Lionesses and Girls Football Academy (continued)

Millwall Lionesses was the first club in the country to open a Girls’ Centre of Excellence (a model that was later adopted by the FA and rolled out across the country), allowing the club to develop players from the age of eight years. In March 2020, the Trust decided that it would own the Girls’ Football academy in line with the Boys’ academy and the Lionesses are currently fielding Girls Football Academy squads at U12, U14 and U18 levels.

Premier League Girls

The Trust successfully applied for funding to run three Premier League Girls’ Satellite Clubs. We deliver two centres 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 as understanding more about the possible pathways they may be able to take, either in elite football with the Girls Football academy or transitioning into local partner football clubs.

NCS – National Citizen Service

The Trust first received a contract for an NCS programme for autumn 2019, for 24 young people, to attend an out of bounds venue and complete a social 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 was only able to offer a restricted programme and the overall size of the contract has been reduced, to 90 young people, which the Trust achieved. 2022 should see the contract be more in line with the original contract until its expiry in February 2023.

PE Premium project

The Trust has partnerships with four local schools for advice and delivery of their PE premium outcomes around sports participation, teacher CPD, skills within sport, tournaments. This project has given the Trust a good foothold within local schools.

Club Partnerships

The Trust has formed partnerships with various grass roots local football clubs in Lewisham, Southwark and Kent, working with them to host Trust football holiday camps, player development centre, coaches CPD events, tickets to MFC matches (which promotes new supporter base for the club) - income will be based on 50/50 profit split.

Toddler Soccer

The Trust delivered football provision within their own sites for 3-4 years developing core physical skills.

Kinder “Move and Learn”

Delivery of EFL Healthy Lifestyle programme within 15 schools over the school year, as a six-week programme consisting of education and physical activity workshops, linking in the Healthy Schools accreditation, funding from EFL of £12,000.

Charitable activities - Disability Projects

The Trust is fully committed to increasing the number of structured and regular sports and physical activities available to residents of all ages with disabilities within the London Boroughs of Lewisham and Southwark. All SEN schools we are currently offering provision include: Drumbeat, Cherry Garden, Brunswick Park and Spa School who have all signed up for the current academic year.

Millwall DS Lions are the official Millwall Downs Syndrome Team, who this year entered the national DS festival. The group come together once a month at the Lions Centre and have a mixture of fun training sessions and matches against other Downs Syndrome teams run by other professional community football clubs.

Millwall Lions are the official Millwall mental health team, which trains weekly at St Paul’s Sports Ground and compete in the South London Grassroots Football League. The group is managed by SLAM (South London and Maudsley Mental Health Trust) and the Trust supports the programme by providing free facility usage and a coach to support the sessions.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

Charitable Activities – Community Development Programmes

Premier League Kicks

Premier League Kicks is the Premier League’s flagship community initiative. It has a long history of using the power of football and the value of sports participation to help hard-to-reach youngsters in some of the most disadvantaged areas 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 and the authorities reporting significant reductions in anti-social behaviour.

The Trust has managed to continue to maintain a high percentage of delivery and coverage through securing local match funding. We work closely with Southwark Youth & Play (Southwark) and Youth First (Lewisham) to identify locations in need for constructive youth provision, where we now have a number of successful Premier League Kicks satellite venues throughout both boroughs.

19+ Football

The Trust works in partnership with Active Communities Network to provide free weekly football sessions for young people between the ages of 19-24. Although the sessions are open access, they aim to engage with young men and women who are either out of education or employment and the majority who engage are ex-KICKS participants. This session evidences that participants’ relationship with the Trust is enduring and in some cases continues long into adulthood.

Volunteering & Mentoring

The Trust makes a commitment to support a number of people between the ages of 16-24 who have demonstrated a commitment to enrol on the active volunteers’ programme.

Young volunteers benefit from:-

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

DIVERT

DIVERT is a Metropolitan Police service diversion programme where the Trust provides a Custody Intervention Coach based in Lewisham Police Station. DIVERT’s mission is to speak with 18-25-year-olds while they are still in police custody with the aim of finding them employment, education and training. Using a teachable moment, we speak with individuals who have been arrested and listen to what they want to aspire to. Using sustained and effective support we then refer young adults 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 us to deal with young adults on a bespoke, case-by-case basis and tailor our work to ensure that young people receive the most effective support. So far, we have worked with over 280 young adults and helped nearly 120 people into employment. Our overall reoffending rate is just eight per cent.

Millwall Walking Sports Clubs

The Trust works in partnership with the Southwark Pensioners Centre and the SE London Alzheimer’s Society to deliver weekly Walking Sports Clubs for older people across the London Borough of Southwark. The programme supports older people and those with two or three limiting long-term health conditions, dementia, mental health difficulties, limited mobility or those who are inactive, to stay fit and healthy. The two-hour weekly activities offer older people the opportunity to meet other people have fun, stimulating 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 disengaged with the local community. Before and after each activity, the group have open and individual conversations over refreshments, allowing members to help each other by sharing life experiences and thus reducing stress, isolation and loneliness.

Under the health improvement banner, the Trust has developed a male adult health programme (MAN v FAT), with over 70 adults attending weekly physical and educational sessions on lifestyle change. It has expanded its Employability offer, working with DWP on the “Kick Start” programme, with 23 young people employed by the Trust and the club, receiving six months of sports industry work experience.

Charitable Activities - Education and Employability Programmes

The aim for the Trust’s Education and Employability strand is to provide a suitable and robust education and employability programme to target groups within the Boroughs of Lewisham and Southwark. Over the course of the year, these programmes and have developed and changed to meet the needs of those we are working with and to ensure we are compliant and working to meet regulatory requirements.

Alternative Provision

The Trust has adapted its AP offer into an AP Academy, which provides a natural pathway into our post-16 initiatives. 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 programmes.

Recent developments have seen us implement a bespoke 1:1 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 reengagement and re-integration back to mainstream. The Trust AP Academy can take up to five students at any period of time throughout the academic year.

All students are on task to achieve BTEC 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 maintain the highest standards.

The AP has been quality assured by both LB Lewisham and LB Southwark and our short-term objective is to increase the number of learners referred and the range of schools we work with. This will subsequently increase our current days of delivery and enable us to further invest the development of the Trust AP. Our longer-term aim is to register the Trust Alternative Provision as a Free School.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

MCT Academy

Extensive time and effort have been invested into improving the overall quality of our Academy provision. This has subsequently led to an increase in numbers on the programme, improved reputation in the local area, strong links created with partner schools and the implementation of additional offers such as: NCS, pre-season training programme, Christmas Party and the Trust Academy Voluntary Scheme. There are 54 young people on the programme across two academic years, studying two qualifications, NCFE Level 2 and BTEC Level 3 Diploma.

MCT Traineeships

Traineeships has been a project that has been put on the back burner, as it has been important to get the correct work placements before you run a course. This has been very difficult this year, but this will be a focus for 2022-2023.

Equality & Diversity

The year has seen the Trust diversify in the provision and delivery of its programmes, i.e. with the development of the Millwall Romans and Millwall Pride football teams (LGBTQ+) with a membership of 40 players, and to ensure that programmes are run within costs and impact the community.

In December 2020, MFC and the Trust started the first-ever audit of Board members, staff, volunteers and participants as part of an ongoing commitment towards equality, diversity and inclusion in all areas of operations. An internal survey was sent to all appropriate stakeholders and its findings allowed the club to set necessary benchmarks as part of a new widespread and multi-faceted anti-discrimination strategy. Included within that was the formation of an Equality, Diversity and Inclusion Code of Practice to cover departments throughout MFC and the Trust’s activities and recruitment processes.

In January 2021, MFC and the Trust announced the formation of its new 'Equality Steering Committee' - a team of MFC and Trust employees, fans and external advisors brought together to drive all initiatives, projects and strategies relating to all the above. The Committee continues to meet on a monthly basis with all members responsible for actioning differing tasks or objectives in between. The overall aim of the Committee is to ensure that MFC and the Trust remain an industry leader when it comes to combatting discrimination within the sport and also to ensure that its environment is diverse and inclusive.

FUTURE DEVELOPMENTS

Following discussions regarding proposals for the development of the site around the Lions Centre, trustees have given their backing to MFC to negotiate with LB Lewisham for a new lease for the land around The Den. The Council has agreed in principle that a new long-term lease of all the land occupied by the Club and by the Trust would be granted containing provisions allowing the redevelopment to be carried out. Discussions on the duration of the long-term lease are ongoing.

The architects appointed by the Football Club have created a scheme to redevelop and regenerate the land around The Den which includes expanding the stadium, bringing it and its facilities into line with Premier League requirements, a new centre for the Trust within the stadium, protection of MFC’s youth academy’s status, and a hotel and conference centre.

In October 2022, the Club has received planning permission to build a new training ground in Sevenoaks Kent, which will give the Trust an opportunity to develop programmes in the Kent area.

This is all very good news for the Trust, MFC, its supporters and, above all, for the local community.

The Trust will continue to develop core themes of activity, which in turn will create social value outputs. Some new health improvement, alternative education and employability projects have been maintained during 2021-22. The Trust is strategically developing a new delivery portfolio, building sustainability into each project. We also continue to increase activity and partnerships at the Lions Centre, creating additional income. As an example, we are widening the scope of holiday course opportunities by developing the multi-sport and activity programme to create a sustainable year-round offer.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

FINANCIAL REVIEW

COVID-19

The financial results for the year ending 31 March 2022 have again been partially impacted by the COVID-19 pandemic. While the decreases in both business operations as well as fundraising capability during the last month of the account period were less than experienced during the severe lockdowns in 2020, income streams continued to be adversely affected by COVID-19. All major fundraising events were postponed, but plans are in place to resume these events in 2022/23.

During the period of suspended operations, the Trust took advantage of the Coronavirus Job Retention Scheme from the UK Government, to protect as many roles as possible whilst there was no income coming in. In addition, the decision was taken by the board of trustees to cover any shortfall in the furlough grant claim during this time. Despite this, since the year end, with continuing restrictions placed on our operations and limiting our ability to operate effectively, further cost-saving measures have been enacted, whilst still utilising help and assistance from the UK Government, and support from the football club.

As a further response to the pandemic, the board of trustees 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 same time has enabled us to still fulfil some of our charitable aims and objectives.

Looking further forward, the Trust is more confident with the future prospects, given the positive impact of the NHS vaccination programme. Although the results for the year to 31 March 2022 have been impacted, with the cost control measures in place within the Trust, this has partially mitigated the impact, and along with the future business plans, the board are confident of the long-term viability of the Trust. As such the financial information has been prepared on a going concern basis, as the trustees feel this is the most appropriate presentation of information based upon their medium and long terms plans and financial projections.

Further comments on accounts 2021-22

The balance sheet as at 31 March 2022 shows reserves of £797,715 with good levels of cash at bank. Total reserves increased by £207,254 (2020-21 increased by £547,510 to £590,461) despite a £100,593 decrease in Restricted Reserves (2020-21 increase by £86,354). There was an increase in our Unrestricted Reserves by £307,848 (2020-21 increase £461,146 to £477,291). Total income decreased from £1,477,247 to £1,367,197 (in 2020-21 increased to £1,477,247) and costs of charitable activities increased to £1,159,942 (in 2020-21 decreased to £929,737).

The Directors continuously review the Trust’s income streams and expenditure to identify potential efficiency cost savings to mitigate against projects that produce financial deficits. Much consideration has been given to restructuring the Trust’s activities in the light of the current economic climate.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

Core Funding

Significant funding support comes through Premier League Charitable Fund, English Football League Trust, The FA, two local authorities, LB Lewisham and LB Southwark, and the London Mayor’s Fund. The Trust is also grateful for the generous in-kind publicity and logistical support it receives from Southwark News. The majority of expenditure is on staff and volunteers and the other funds are committed to overheads from occupying offices not on club premises.

We are continuously developing creative partnerships to enable projects to evolve. Maintaining 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 Employability Team and the Disability 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 Costs Recovery Model

The Trust aims to employ a full cost recovery model, offsetting costs across projects. In recent years, this has become 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 costs plus a proportion 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 has kept its reserves as cash at bank. However, interest rates are monitored to enable trustees to take an informed view as to whether the Trust could receive a competitive rate of interest if reserves were kept on deposit. This is unlikely in the current financial climate.

Reserves policy

Trustees aim to keep reserves equal to three months' operating expenses, which is currently estimated to be in the region of £255,000. In addition, new funding achieved in 2020/21 has been maintained in 2021/22, including Huski Chocolate . Despite the disruption caused by COVID-19, at 2022/23 year-end, it is expected that the Trust will be in surplus and 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 make any adjustments that are needed.

Principal funding sources

Funding is achieved for grassroots sports development linked to community cohesion, social inclusion, health improvement, education, engagement, employability and participation in sport. The Trust has a number of funding partners including central and local government as well as sports and local charities, such as the Premier League Charitable Trust, The FA, EFL Trust, housing associations, local authorities and in-kind support from MFC. During 2020/21, the Trust received a substantial legacy from MFC, which has been invested during 2021/22 and has helped to provide welcome stability to its finances. Some funds are generated through the organisation of in-school and extra-curricular coaching, weekend and holiday sports clubs, Coach education and a football development programme.

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Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Report of the Directors and Trustees for the Year Ended 31 March 2022

TRUSTEES’ RESPONSIBILITIES

The trustees (who are also the directors of the Trust for the purposes of company law) are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:-

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware, there is no relevant audit information of which the charitable company's auditors 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 MFC and LB Lewisham to support the proposals for the redevelopment of the land held by MFC and the Trust. A strong relationship with MFC remains and the Trust’s commitment to deliver high quality services that engage, enable and improve the lives of the people of Lewisham, Southwark and the wider ‘Millwall Community’ continues to drive staff, trustees and volunteers in their excellent service to the organisation.

The Trust faces the challenge of taking community engagement to a new level with optimism and positivity in light of MFC retaining its place in the English Football League Championship. There is a tangible excitement about the future - both on and off the field.

…………………………………………….. Keith Soper Chair of Trustees

Date: …………………………………….20/12/2022

Page 13

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Independent Auditor’s Report to the Trustees of Millwall Community Trust

Opinion

We have audited the financial statements of Millwall Community Trust (the 'charity') for the year ended 31 March 2022, which comprise the Statement of Financial Activities, Balance Sheet, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable law (United Kingdom Generally Accepted Accounting Practice).

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 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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 auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly 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 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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 14

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Independent Auditor’s Report to the Trustees of Millwall Community Trust

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the accounts.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustee’s responsibilities (set out on page 13), 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.

Auditor’s responsibilities for the audit of the financial statements

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.

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

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

Page 15

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Independent Auditor’s Report to the Trustees of Millwall Community Trust

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters 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 charitable company and its trustees as a body, for our audit work, for this report, or for the opinions we have formed.

………………………………………….

David Lawrence BSc (Hons) FCA (Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited Statutory Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 1LQ

21/12/2022 Date: …………………………………

Page 16

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022

Unrestricted
Funds
Notes
£
INCOMING RESOURCES
Incoming resources from charitable activities
Grants, donations and contracts for
projects and activities
5
341,659
Grants for the construction of
the Ball Court Extension
3
-
_
Sub-total Grants
341,659
Soccer Schools
-
Schools coaching
226,222
Other fees and income
4
171,857
Facility hire and other rental income
186,583
Furlough income
16,634
_
Total Income
942,955
_
EXPENDITURE ON:
Charitable activities:
Sport and education programmes
6
783,838
_
Total Expenditure
783,838
_
NET SURPLUS/(DEFICIT)
2
159,117
Transfers between funds
15
48,586
_
NET MOVEMENT IN FUNDS
207,703
TOTAL FUNDS brought forward
477,291
_
TOTAL FUNDS carried forward
15
684,994
_		 Restricted
Total
Funds
Funds
2022
£
£
323,910
665,569
100,332
100,332
_
_
424,242
765,901
-
-
-
226,222
-
171,857
-
186,583
-
16,634
_
_
424,242
1,367,197
_
_
390,105
1,173,943
_
_
390,105
1,173,943
_
_
34,137
193,254
(48,586)
-
_
__
(14,449)
193,254
113,170
590,461
_
_
98,722
783,716
_
_		 Total
Funds
2021
£
529,225
145,000
_
674,225
-
222,895
316,517
76,823
186,787
_
1,477,247
_
929,737
_
929,737
_
547,510
-
_
-
42,951
_
590,461
_

The Statement of Financial Activities includes all gains and losses in the year. All income/ (expenditure) derives from continuing activities.

The notes on pages 20 to 30 form part of these accounts

Page 17

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Balance Sheet
as at 31 March 2022
Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Investments
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT (LIABILITIES)/ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after one year
14
NET ASSETS
17
FUNDS
Unrestricted funds
General funds
16
Total unrestricted funds
Restricted funds
16
Total Funds		 2022
£
11,137
188,212
229,813
464,189
_
882,214
(109,635)
_
772,579
_
783,716
(-)
_
783,716
_
684,994
_
684,994
98,722
_
783,716
_		 2021
£
132,384
351,753
-
287,164
_
638,917
(180,840)
_
458,077
_
590,461
(-)
_
590,461
_
477,291
_
477,291
113,170
_
590,461
_

These Financial Statements from pages 17 to 30 have been approved by the Board of Directors on 20 December 2022 and signed on its behalf by

…………………………………………. Keith Soper Trustee

The notes on pages 20 to 30 form part of these accounts

Page 18

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Statement of Cash Flows For the year ended 31 March 2022

Notes
Net movement in funds for the reporting period
Adjustments for:
Depreciation charges
Decrease/(Increase) in stocks
Decrease/(Increase) in debtors
(Decrease)/Increase in creditors
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Purchase of plant and equipment
Net cash provided by (used in) investing activities
Change in cash and cash equivalents in the reporting period
Cash at the beginning of the reporting period
Cash at the end of the reporting period		 2022
£
193,254
124,305
-
(66,273)
(71,205)
_
194,081
_
(3,058)
_
(3,058)
191,023
287,164
_
464,188
_		 2021
£
547,510
148,359
-
(349,802)
(187,972)
_
158,095
_
(2,738)
_
(2,738)
155,357
131,807
_
287,164
_

The notes on pages 20 to 30 form part of these accounts

Page 19

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

1. ACCOUNTING POLICIES

1.1 Statement of compliance

Millwall Community Trust is a private company limited by guarantee, incorporated in England. The registered office is The 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 prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

1.2

Basis of preparation

Millwall Community Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

1.3 Going concern

Trustees have paid particular attention to the impact of COVID-19 on the operations of the Trust and are confident that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

1.4 Tangible Fixed Assets and Depreciation

Tangible Fixed Assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer equipment 25% straight line basis
CCTV system 20% straight line basis
Leasehold improvements 20% straight line basis
Fixtures and fittings 15% straight line basis
Sports Equipment 10% straight line basis

The Ball Court Extension was completed in November 2005. The extension is considered to have three separately identifiable components each of which have different estimated useful lives, as detailed below. All of the parts are depreciated on the straight-line basis.

Astroturf 10 years Roof 17 years Building 17 years

1.5

Voluntary Income

Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. The value of certain services and facilities provided by MFC and Footballers’ Further Education and Vocational Training Society Limited has not been included.

Page 20

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

1.6 Grants Receivable

Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable. The grants are split between different types of incoming resources as deemed appropriate.

The grant for the Ball Court Extension has been treated as deferred income and will be matched to the capital expenditure it relates to. It will be released in line with the estimated useful life of the building. This policy is considered to be appropriate as it reflects a fairer position of the charity in relation to the income and expenditure of the Ball Court.

1.7 Other income receivable

Fee income from soccer schools and schools coaching, facility and other equipment hire is recognised when the service is performed.

1.8 Resources Expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is reported as part of the expenditure to which it relates:

All costs 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 includes costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them.

Support costs include other professional fees 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 activities, where possible and otherwise with reference to the proportion of total restricted income to total unrestricted income.

Governance costs include those associated with meeting the constitutional and statutory requirements of the Charity which include the audit fees and costs linked to the strategic management of the Charity.

1.9 Restricted 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 is charged to the fund together with a fair allocation of premises and administration overhead. Staff costs and overhead expenses are allocated to projects and activities on a fair and reasonable basis within the terms and conditions of the funding provided. In the event that funding is not used by the Trust for specified purposes, there is a contractual obligation to repay donors.

1.10 Unrestricted Funds

Unrestricted funds are grants, donations and other income received or generated for the objects of the charity. Any surplus from grants received are reinvested towards the charitable aims of the Trust.

1.11 VAT

Income and expenditure have been included inclusive of VAT where VAT is considered to be irrecoverable.

1.12 Debtors

Short term debtors are measured at transaction value less any impairment. At each balance sheet date, debtors are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is measured as the difference between the carrying amount and the amount expected to be received.

Page 21

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

1.13 Creditors

Short term trade creditors are measured at transaction value. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective interest method.

1.14 Investments

Investments are held at cost.

1.15 Key Judgement and Estimates

The only key judgement and estimate is considered to be the Ball Court depreciation which is detailed in note 1.4

2. NET OUTGOING/(INCOMING) RESOURCES FOR THE YEAR

2022 2021
£ £
This is stated after charging or (crediting):
Depreciation of tangible fixed assets owned by the Charity 3,906 3,301
Amortisation of ball court grant (120,399) (145,000)
Auditors’ remuneration
Audit services 10,000
______		 11,000
______

3. GRANTS FOR THE CONSTRUCTION OF THE BALL COURT EXTENSION

Amortisation of Ball Court grant
OTHER INCOME
Legacy donation
Sponsorship income
Investment income
Other income		 Unrestricted
£
-
_
Unrestricted
£
-
50,000
14,256
107,601
171,857		 Restricted
£
100,332
_
Restricted
£
-
-
-
-
-		 Total
2022
£
100,332
_
Total
2022
£
-
50,000
14,256
107,601
171,857		 Total
2021
£
145,000
_
Total
2021
£
215,557
50,000
-
50,960
316,517

4. OTHER INCOME

The income received in the year ended 31 March 2021 all related to unrestricted funds.

Page 22

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

5. GRANTS, DONATIONS AND CONTRACTS FOR PROJECTS AND ACTIVITIES

Active Communities
Breaking Barriers - Southwark
Bromley and Lewisham BLG
Central grants
City Bridge Trust
Divert Programme (MPS)
Football League Trust – Core Funding
Football League Trust – Infrastructure
Premier League Kicks
Kinder Move & Learn
Lewisham Management
London Borough of Lewisham – PL Kicks
London Borough of Lewisham – Lockdown
Support Grant
National Citizenship Service
Player Development Centre
Premier League Trust – Primary Stars
Regional Talent Club - Girls
Restart Football Grant
Riverside Project
Social Mixing 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
Young People Mentoring		 Unrestricted
£
38,500
-
-
-
-
-
35,000
-
-
-
-
-
-
131,171
-
-
-
-
-
-
-
-
-
-
19,251
114,613
-
-
-
3,125
341,659		 Restricted
£
-
-
-
-
-
47,529
-
-
137,000
14,100
-
25,000
-
-
-
-
-
-
-
-
-
-
21,602
5,800
-
-
-
-
-
72,879
-
323,910		 Total
2022
£
38,500
-
-
-
-
47,529
35,000
-
137,000
14,100
-
25,000
-
131,171
-
-
-
-
-
-
-
-
-
-
19,251
114,613
-
-
-
72,879
3,125
665,569		 Totals
2021
£
-
8,722
1,725
9,715
36,500
33,000
42,000
-
133,437
10,400
-
18,750
21,118
28,144
-
-
-
3,000
-
-
14,859
-
21,602
17,010
11,851
49,042
-
3,500
5,000
59,849
-
529,224

Projects and Activities

Of the income from projects and activities received in the year ended 31 March 2021, £448,480 was restricted and £73,875 was unrestricted.

Page 23

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

6. RESOURCES EXPENDED

CHARITABLE EXPENDITURE: SPORT AND EDUCATION PROGRAMMES

Salaries
Sports equipment and kit
Hire of facilities
Other project and activity costs
Staff training
Transport, travel and motor expenses
Premises costs
Printing, post, stationery and telephones
Computer equipment and software
Depreciation
Other expenses
Governance Costs (Note 8)
Support Costs (Note 7)		 Unrestricted
£
482,569
7,970
13,100
24,731
875
7,504
128,187
28,103
17,048
23,740
20,523
10,000
28,488
861,038		 Restricted
£
215,587
2,448
26,580
4,710
-
17,214
-
1,103
-
100,332
-
-
22,131
312,904		 Total
2022
£
631,227
10,418
39,680
24,904
875
24,718
128,187
29,206
17,048
124,072
20,523
10,000
50,619
1,173,942		 Total
2021
£
555,791
2,022
51,737
21,837
1,619
10,017
52,867
7,725
14,366
148,359
862
21,350
41,184
929,737

Of the costs incurred in the year ended 31 March 2021, £583,741 was unrestricted and £345,996 was restricted.

7. RESOURCES EXPENDED CHARITABLE EXPENDITURE: SUPPORT COSTS

Professional fees
Company Secretary fees and expenses
Other expenses		 Unrestricted
£
10,964
8,000
9,524
28,488		 Restricted
£
22,131
-
-
22,131		 Total
2022
£
33,095
8,000
9,524
50,619		 Total
2021
£
35,367
5,652
165
41,184

The costs incurred in the year ended 31 March 2021 all related to unrestricted funds.

8. RESOURCES EXPENDED GOVERNANCE COSTS

Unrestricted Restricted Total Total
2022 2021
£ £ £ £
Audit 10,000 - 10,000 11,000

The costs incurred in the year ended 31 March 2021 all related to unrestricted funds.

Page 24

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

9. STAFF COSTS AND NUMBERS

Staff costs were:
Salaries and wages (including coaching staff)
Social security costs		 2022
£
589,332
41,895
_
631,227
_		 2021
£
520,331
35,460
_
555,791
_

The average weekly number of employees during the year, calculated on the basis of full-time equivalent was as follows:

Core Staff
Casual coaches
The average number of staff employed during the year was as follows:
Core Staff
Casual coaches		 2022
14
7
_
21
_
2022
10
20
_
30
_		 2021
14
3
_
17
_
2021
14
17
_
31
_

The number of employees who earned £60,000 per annum or more (including taxable benefits but excluding employer pension contributions) during the year was as follows:

£60,001 - £70,000 2022
1
_		 2021
1
_

During the year remuneration of £65,000 (2021: £65,000) was paid to Key Personnel.

During the year remuneration of £Nil (2021: £Nil) was paid to the Trustees.

During the year expenses of £Nil (2021: £Nil) were paid to the Trustees.

Various volunteers helped the Trust during the year, assisting with delivery of projects, administration and general maintenance at the Lions Centre.

Page 25

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements

for the year ended 31 March 2022

10. TANGIBLE FIXED ASSETS

Costs
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Disposals
At 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021		 Ball Court
extension
£
1,503,771
-
-
1,503,771
1,383,372
120,399
-
1,503,771
-
120,399		 Leasehold
Improvements
£
15,066
-
-
15,066
15,066
-
-
15,066
-
-		 CCTV
system
£
4,460
-
-
4,460
4,460
-
-
4,460
-
-		 Computer
equipment
£
42,792
1,855
-
44,647
34,387
3,035
-
37,422
7,225
8,405		 Sports
equipment
£
30,494
-
-
30,494
28,127
453
-
28,580
1,914
2,367		 Fixtures
and
fittings
£
21,743
1,203
-
22,946
20,530
418
-
20,948
1,998
1,213		 Total
£
1,618,326
3,058
-
1,621,384
1,485,941
124,305
-
1,610,247
11,137
132,384

All tangible fixed assets are owned by the charity and are used directly for charitable purposes.

Millwall Community Trust has a 25 year lease with the London Borough of Lewisham to occupy the Lions Centre at a peppercorn rent. The lease expires on 19 November 2029.

Page 26

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements

for the year ended 31 March 2022

11. DEBTORS

Grants and income receivable
Other taxes and social security
Prepayments and accrued income
12.
INVESTMENTS
Investments
13.
CREDITORS (AMOUNTS FALLING DUE WITHIN ONE YEAR)
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income
Deferred Grant (Ball Court Extension)		 2022
£
111,541
20,535
56,137
_
188,212
_
2022
£
229,813
_
229,813
_
2022
£
4,837
12,897
-
91,901
-
109,635		 2021
£
273,240
18,103
60,410
_
351,753
_
2021
£
-
_
-
_
2021
£
2,613
9,316
36,000
32,579
100,332
180,840

Page 27

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

14. CREDITORS (AMOUNTS FALLING DUE AFTER ONE YEAR)

Deferred grants
DEFERRED GRANT
Cost
At 1 April 2021 and at 31 March 2022
Amortisation
At 1 April 2021
Amortisation for the year
As at 31 March 2022
Net Book Value
At 31 March 2022
At 31 March 2021
Due within one year
Due after one year
15.
OPERATING LEASE COMMITMENTS
The total of future minimum lease payments is as follows:
Not later than one year
Between two and five years		 2022
£
-
_
-
_
2022
£
-
-
_		 2021
£
-
_
-
_
£
1,482,929
1,382,597
100,332
1,482,929
-
100,332
£
-
-
-
2021
£
1,955
-
_

Page 28

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

16. MOVEMENT IN FUNDS

Restricted funds
Divert Programme (MPS)
Kicks Premier League
Kinder Move & Learn
Lewisham main grant
Premier League Stars
Riverside
Southwark Youth & Play
Southwark Neighbourhood Fund
Young Londoners Fund
Sub-total
Ball court grant amortisation
Sub-total Restricted funds
General funds
Total restricted and unrestricted
funds		 1 April
2021
£
4,968
24,135
5,428
11,073
22,848
19,850
14,053
1,807
9,010
113,170
-
113,170
477,291
590,461		 Incoming
£
47,529
137,000
14,100
25,000
-
-
21,602
5,800
72,879
323,910
100,332
424,242
942,955
1,367,197		 Outgoing
£
(42,736)
(147,795)
(1,352)
(6,215)
-
-
(21,602)
(4,675)
(65,398)
(289,773)
(100,332)
(390,105)
(783,837)
(1,173,942)		 Transfers
Between
Funds
£
(7,129)
(20,550)
(2,115)
(3,750)
-
-
(3,240)
(870)
(10,932)
(48,586)
-
(48,586)
48,586
-		 31 March
2022
£
2,631
(7,210)
16,061
26,108
22,848
19,850
10,813
2,062
5,559
98,722
-
98,722
684,994
783,716

Regional Talent Club : Provision of high quality football coaching for girls. The Centre runs squads for U10s, 12s, 14s and 16s. The fund is no longer linked to the Football Association national programme and the deficit has been transferred to general funds. Football Foundation Fans Zone : To provide matchday activities for Millwall and visiting young supporters. Premier League Kicks : A sports activity programme for 12 to 19 year olds in partnership with the Metropolitan Police, The FA, the Premier & Football League.. The basis is intensive provision in a geographical area highlighted as a “hot spot” for youth crime. Lewisham Youth Service : Annual funding application for specific youth activities based around inclusion and education. Premier League Primary Stars: Primary schools coaching and education programme . Southwark Council Youth and Play: A grant from the London Borough of Southwark towards the Millwall Kicks programme on the housing estates in Southwark. Ball Court Extension : Extension to original Lions Centre consisting of an indoor Astroturf. Information on grants not listed here can be found in the trustees report on pages 5-10.

The total balance of £98,722 on Restricted Funds is to be carried forward into 2022/23 to be spent on the respective projects. The transfer to unrestricted funds represents 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 goods and services provided by the charity.

Page 29

Company Number: 03920152 Charity Number: 1082274

Millwall Community Trust

Notes to the Financial Statements for the year ended 31 March 2022

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
Restricted
funds
funds
£
£
Tangible fixed assets
11,137
-
Net current (liabilities)/assets
772,578
-
_
_
Net assets at 31 March 2022
783,715
-
_
_		 Total
Funds
£
11,137
772,578
_
783,715
_

18. CONTROLLING PARTY

The charity is controlled by the Trustees and Directors of Millwall Community Trust.

19. RELATED PARTY TRANSACTIONS

There were no related party transactions during the year.

Page 30