Company Number.. 03920152 Charity Number: 1082274 Mlllwall Communlty Trust (A company limited byguarantse) Report and Financial Statements For the year ended 31 March 2024
Company Number.. 03920152 Charity Number: 1082274 Millwall Communlty Trust Company Information Dirertors. and Trustees. Report 2-14 Auditors, Report 15-17 Statement of Financial Artivitie5 18 Balance Sheet 19 Ststement of Cash Flows 20 Notes to the financlal ststements 21-29
Company Number: 03920152 Charity Number- 1082274 Ivllllwall Communlty Trust Company Infomiation DIREcfoRS AND TRUSTEES: Nerisa Ahmed IAppointed 18 July 20241 William Cooper (Appointed 18 Juty 20241 Mark Fairbrother (Resigned 20 October 2023 and re- appointed 18 July 2024) Rt Hon Sir Simon Hughes Steve Kavanagh (Resigned 10 May 20241 Peter Garston Lord Kennedy of Southwark IResigned Iojuly 20241 Stuart Lock (Resigned 30 September 2023 Emma Parker (Appointed 30 October 20231 Sarah Revell (Appointed 21 June 20231 Carly Rawlinson-simmons IResigned 7 February and re- appointed 18 July 20241 Keith Soper Jason Vincent (Resigned 27 April 20241 Luke Wilson (Appointed 12 October 20231 COMPANY SECRETARY: Phi1Sp O'Halloran CHIEF EXECUTIVE OFFICER: sean Dalv REGISTERED OFFICE: The Den John Berylson Way London SE16 3LN REGISTERED CHARITY NUMBER: 1082274 COMPANY NUMBER.. 03920152 AUDITORS: Azet5 Audit SeThices Limited Registered Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming SurreyGU7 ILQ BANKERS.. Barclays 8ank PLC Leicester LE87 2BB Page I
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Report of the Dirertors and Trustees fi)r the Year Ended 31 March 2024 The Directors and Trustees present their annual report for the year ended 31 March 2024 together with the audited accounts for the yearand confirm that the lattercomply with the requirements of the Companies Art 2006 and the Charities SORP IFRS 1021. STRucfuRE, GOVERNANCE AND MANAGEMENT Goveming document: The charity is controlled by its memorandum and articles of association. being a company limited by guarantee, as defined by the Companies Act 2006. Recruitment and appointment of new trustees.. Trustees are selected for their professional skills and experience acr055 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 rnaximum. Thefirst trustees subscribed on incorporation of the company. At the first annual general meeting all the trustees retired frorn office, in accordance with the articles o association. At each subsequent annual general meeting one-third of the trustees (with longest setvicel are subject to retirement by rotation. New trLfStees must be recommended by a trustee and are appointed by an ordinary resolution of the company. lTrdurtion 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 Article5 0 Association for the Trust plus minutes of recent meetings. New trustees are provided with details of their fellowtrustees, who they are invited to meet at the earliest opportunity. Organisational stwcture 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. On 31 March 2024, the Trust had ten trustees. A Chief Executive, who is not a trustee. leads the Trust on a day-to-day bas1S SUPPOrted by o Leadership team including up to four strand managers, responsible for Schools lincluding Primary Starsl,. Football and Sports Development.. Employment & Education- NCS INational Citizen Service) and Premier League KICKS. The Leadership Team develop core projects and usage of the Lions Centre, related to the Trusys 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 IMFCI to provide its finance and payroll functions. An MFC Finance Manager is responsible for processing all financial reporting for the Trust. Wider network TheTrust has a strategyof encouragingsports participation through positive partnerships. It is affiliated toThe English Football League Trust, which links all professional Football League Club Community Organisations. It has contracts with Housing Associations acrossthe London Boroughs of Lewisham and Southw3rk, and KICKS is supported by the Metropolitan Police and the Premier League Charitsble Foundation. The Trust has a stron8 relationship with London Boroughs of Southwark and Lewisham and continues to develop its new relationship with Sevenoaks Distritt Council. In addition, the Trust has developed Service Level Agieements with a number of schools across its catchment area for curriculum and extra<urricular physical activity delivery. Page 2
Company Number.. 03920152 Charity Number-. 1082274 Mlllwall Communlty Trust Report of the Dirertor5 and Trustees for the Year Ended 31 March 2024 Vision. Objertives and aim5 The charity's objectives are forthe benefit of the public generally with a clear'vision" to use the unique passion of Miifwall to connect and inspire the Club's communities. The Trusys mission is that it will use the power of Millwall to improve the lives of people through engagement in sport. In this way, the Trust aims to delivef high quality services that engage, enable and improve the lives of the people in the following key areas.. Schools Coaching & sports Pcrticipation.. To provide a high-quality sports service to schools and the community. Educt7tion & Employobility.. To provide inspiration, encouragement and guidance for young people and adults, leading to improved education and career opportunities. Community Development & Heolth Improvement.- To act as a true community partner by providing sport and physical act6vity opportunities in order to improve quality of life and neighbourhoods. Neighbourhood Cohesion & Celebrating Diversity.- To work with MFC in promoting neighbourhood cohesion. including disaffected young people and other target groups,. and to celebrate the diversity of the local community. Focility & Business Monagement.. To manage the Trust's facilities 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 provided in an appropriate manner. Strotegic Business Development.. To work to a Busines5 Plan, taking into consideration the vision, ambitions and future aspirations of the Trust. Lions Centre and St. Paul's Cornmunity Sports Ground The Lions Centre is the Trust'5 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, offjce and changing space. The Centre is primarily used to build sports partlClP3tion 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'5 Community Sports Ground in Rotherhithe, Southwark. The facility offefs a full-size, floodlit artificial turf pitch, a club room, changing rooms and spectator facilities enc105ed within a secure sports ground fencing. The facility 15 the home venue for.- Fisher FC.. Millwall Lionesses.- Millwall Lionesses Girls Football Academy.. and Millwall Romans and Pride ILGBTQ+). The venue also hosts a number of local clubs, schools and higher education institutions. The facilities act as venues for the Trusys post 16 football and education Academy, an educational programme that provides interattive sports learning programme5 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 indoorfootball pitches. During 2023124, LB Southwark invited tenders for a fTve-year contrart to manage St Paul's to commence in May 2024. The Trusvs tender was successful and a new contratt between LB Southwark and the Trust has been agreed. The Trust aims to create a sustainable year-round communtty 5POrt offer for the residents of Southwark and Lewisham and our partners, including Sevenoaks Distritt Council. It has embarked on discussions with parties interested in working with it to decide where additional delwery hubs will be, enhanting the range of opportunities for all. Page 3
Company Nurnber.. 03920152 Charity Number.. 1082274 Mlllwall Community Trust Report of the Directors and Trustee5 for the Year Ended 31 Marth 2024 Related parties Whilstthe Trust is an independent organisation constituted as a company limited by guarantee with charitable status direrted 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. 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 a55urance against fraud and error. Significant artivitie5 The Trust provides a broad range of opportunities throughout the year, designed to engage the local community in sports, health and education activities. Thi5 ranges from the schools, sports programme that is offered across a range of sport5 to the comprehensive social inclusion programmes in Lewi5ham and Southwark. A full description of activities is provided under the details of charitsble activities. Public benefit The trijstees have followed the guidance issued by the Charity Commission with regard to the public benefit arising from the artivities they decide the Trust will undertake. The objertives and aims of the Trust are covered in more detail in these note5. 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. VolunteeTS An increasing number of people are volunteering to support the work ofthe Trust. Within the various work areas, volunteers have been recruited to a55i5t in coachin& 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. Page 4
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Report of the Dirertors and Trustees for the Year Ended 31 March 2024 STRATEGIC OVERVIEW OF THE YEAR 2023-24 Introduction It is 39 yeafs sinte the Millwall Community Scheme was established in 1985 as a result of a Greater London Council IGLCI initiative that offered London football clubs revenlse funding for the employment of a single worker, plu5 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 3 diverse range of sports, health. education and inclusion projects. 2023-24 was a period of consolidation for the Trust, following the disruption caused by COVID-19 restrictions imposed during 2020 to 2022. 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. 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. The Trust has 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 cornmunities across Lewisham, Southwark and Sevenoaks District Council. Specific support provided by the Trust to the local community included.. Lions Centre runs its own food bank, Seing 120 families per week. Outdoor football and sports activitie5 were arranged for school-age children during the Easter/Summer/Christmas 2023, and February 2024 which included lunches produced by MFC catering start. providing over 8,500 free pla and free meals. Staff from the Trust and MFC travelled to Africa and built a school in a township. The Trust runs an alternative schools, provision at its Lions Centre site. with a weekly attendance of 52 students. P05t-COVID, the Trust has reStablished 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 enharTrced 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 fijnded projects and services and generated income. This is a considered strategy to ensurethat our income streams are spread across a range of sources in Ofder to protert against the risk of funding declining or income generation reducing. Maintaining some projerts that deliver social outputs, such as disability programmes. place a strain on Trust finances, which is a continuing yet accepted challenge. Nevertheless, It has continued to "right-size" the orgarbisation to maximise resources available as well as ensuring there remains significant social impact to its, work. Despite a strong year in terms of outputs and achievements the financial reality of delivering servi$ Wlth small margins is that to recover artual costs is very difficult. Partners have been responsive to the challenges that the Trust faces and it has 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 its programmes by dedicated staff that it continues to capture the imagination and commitment of the growing number of local people that Use its, services. The Trust aims to create a sustainable year-round community sport offering for the residents of Southwark and Lewisham. In 2023124, on average over 8.0(X) young people weekly and over 12,500 residents annually have been engaged and benefitted by using the services provided by the Trust. with support from MFC Page 5
Company Number.. 03920152 Charity Number.. 1082274 Milhmall Communlty Trust Report of the Oirertors and Tiustees lor the Year Ended 31 March 2024 STRATEGIC OVERVIEW OF THE YEAR 2023124 Introdurtion (continued) A detsiled analysis of the'end of year, reports provided by programme managers defines a richness in the qualityand 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 outcome5 of the Trust's work, the Trust will draw attention to its, achievements and will attempt to summarise the impact the Trusys pro8rammes 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 c05t centre and submits proposals for funding. The CEO also develops large funding proposa15 and support5 management staff with their projects. Charitable actNitles- Schools Coaching Following the disruption caused by COVID, the Trust has now resumed delivery of School curricular and extra-curricular sports programmes across the two core boroughs of Lewisham and Southwark. It has taken time for Some schools to permit the Trust to resume its activities, as some have chosen to make internal arrangements. A new programme offer has been launched, including the delivery of targeted girls-only sessions and practical PSHE sessions focusing on nutrition and health. The Trust is now delivering 35 sessiot)s per week, compared with 25 per week in 2022123 and over 70 pre-COVID. The Trust also organises sports days, sijmmer fetes and *airs at schools in Lewisham and Southwark, includingsupporting large community events such as Lewisham People's Day and Bemiondsey Festival. Also supporting MFUS outreach work in the community, via the FANZONE. Other activities include boys and girls football competitions on behalf of the Prernier League & EFL Trust. Charitsble activities- SpoTts Participation Holiday Food and Activity IHAFI Courses The Trust undertakes a large sports participation programme both in football and multi-sports. The Trust's coaching staff deliver 3 range of sport5 in schools. local grass roots football clubs and sports centres. on behalf of community group5 and organisations, and deliver holiday course programmes during the school holidays. School holiday provi5ion113 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-fime Football Club The Trust continues to deliver Term-Time Football Club Iplayer development centrel, the after-school football coaching programme. Sessions are offered two nights per week and at the weekend engaging children aged 4- 12 years. It continues to develop this programme and align it more closely to the schools coaching programme in order to entourage 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 its. activities being invited to trial for and then sign for the appropriate club. Term-time Football CILsb continues to provide a sustainable foundation foryoung player development, with currently sixfirstteam Lionesses players firststarting theirfootball journey with the Trust and attending the Millwall Girls Football Academy programme. Page 6
Company Number.. 03920152 Charity Number= 1082274 Millwall Communlty Trust Report of the Directors and Trustees for the Year Ended 31 March 2024 Millw411 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 15 now registered with the London Football Association to operate Millwall Lionesses Football Team. This team plays in the London & South-East Regional Women's League. As part of the on-going partnership with MFC and the Trust, the Lionesses first team train and play their fixtures at St Paul's Sports Ground. Millwall Lionesses was the first club in the country to open a Girls, Centre of Excellence la model that was later adopted by the FA and rolled out across the country). allowing MFC to develop players from the age of eight year5. In March 2020, the Trust decided that it would own the Girls, Football academy in Irne 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 Club5. It delivers two centres for female partiopants aged 8-16 years. The Premier League Girls programme enables talented girls to experience a higher standard of football and coachin& as well as understanding more about the possible pathways they may be able to take. either in elite football with the Girls Football academy Of transitioning into local partner football club5. Club Partnerships The Trust has formed partnerships with various Erass roots local football clubs in Lewisham, Southwark and Kent. working with them to host Trust football holiday camps. player development centres, coaches CPD events. tickets to MFC matches (which promotes a new supporter base for MFCI. income will be based on a 50150 profit spl6t. Toddler Soccer The Trust delwered football provision within their own sites for 34 years developing core physical skills. Kinder-move and Learn" Delivery of EFL Heolthy Lifestyle programme within 15 schoo15 over the school year, as a six-week programme consisting of education and physical artivity workshops, linking in the Healthy Schools accreditation, funding from EFL of £12,0. Page 7
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Community Trust Report of the Directors and Trustees for the Year Ended 31 March 2024 Charitable activities- Disablllty Projects The Trust is fully committed to in(asIng the number of structured and regular sports and physical attivitie5 available to residents of all ages Wlth disabilities within the London Boroughs of Lewisham and Southwark. All SEN schools facilitate a provision that includes Drumbeat, Brunswick Park and Orchard and Spa School who have all signed up for the current academic year. Millwall DS Lion5 are the official Millwall Downs Syndrome Team. The group come together once a month at the Lions Centre and there are a mixture of fun training sessions and matches against other Downs Syndrome teams run by other professional community football clubs. Millwall Lions is the official Millwall mental health team, which trains weekly at the Lions Centre and compete in the South London Grassroots Football League. The group is manaEed by SLAM Isouth London and Maudsley Mental Health Trust) and the Trust support5 the programme by providing free facility usage and a coach to support the sessions. Charitable Artivities- 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 sport5, 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-S(Kial behaviour. The Trust has managed to continue to maintain a high percentage of delivery and coverage through securing local match funding. It works closely with Southwark Youth & Play (Southwarkl and Youth First (Lewishaml 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. 19F Football The Trust works in partnetship 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 provides evidence 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 artive volunteers, programme. Young volunteers benefit from.. - Good learning environment by supporting qualified coaches at the Trust. Mentoring l..1 support with a project manager. Opportunity to enrol on accredited coaching courses to gain an insight in the coaching world of professional development and other educational awareness training. Certificate of achievement on completion of packages. Access to a variety of coaching se55ion plans. Variety of volunteering opportunities through the dtfferent departments at the Trust such as communtty development, sports development and Lions Centre or St Paul's Community Sports Ground facilities. Page 8
Company Number.. 03920152 Charity Number= 1082274 Millwall CommunltyTrust Report of the Directors and Trustees forthe Year Ended 31 March 2024 DIVERT DIVERT is a Metropolitsn Police service diversion programme where the Trust provides a Custody Intervention Coach based in Lewisham Police Station. DIVERT'S mission 15 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, the Trust engages with individuals who have been arrested and listen to what they wantto aspire to. Using sustained and effective sUPPOrt it then refers youngadults 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 access to young adults on a bespoke, case-by-case basis and tailor work to ensure that young people receive the most effective support. So far. the Trust has worked with over 280 young adults and helped nearly 120 people into employment. The overall reoffending rate isjust eight per cent. Millwall Walking Sports Clubs The Trust works in partnership with the Southwark Pensioners Centre and the SE London Alzheimerfs Societyto 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 inartive, 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 handeye coordination. It offers an opportunty for a target audiencethat would not otheiSe be active and may feel disengaged with the local community. Before and after each attivity, the group have open and individual conversations over refreshments. allowing members to help each other by sharing life experiences and thus reducillg stress, isolation and lolleliness. Under the health improvement banner. the Trust has developed a male adult health programme (MAN v FAT), with over 85 adults attending weekly physical and educational sessions on lifestyle change. Charitable Artivitles- Education and Employability Programrnes The aim for the Trusys 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 develop 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 Provisron The Trust has adapted its AP offer into an AP Academy, which provide5 a natural pathway into Ollf POSt-16 initiatives. This has enabled the Trust to tap into the mainstream market more and approach lotal schools to offer its, Seice$ as AP provider which acts a5 a pre<ursor to post-16 programmes. Recent developments have seen the implementation of a bespoke l..1 offer whereby schools can refer students on a short- term basis, full-time. This can be used by schools as sixth-day provision or respite for any students who need re-engagement and rtrintegration back to mainstream. The Trust AP Academy can tske up to five students at any one time throughout the academic year. All students are on task to achTreve BTEC qualifications this year with Year 10 students working towards an award and Year 11 looking to achieve a Diploma. Education partners such a5 the Mitre Group, and ASDAN have been very supportive with the moderation of work and will continue to externally verify the work the Trust is doing to ensure it maintain the highest standards. The AP has been quality assured by both LB Lewisham and L8 Southwark and the short-term objettive is to increase the number of learners referred and the range of schools worked with. This will subsequentfy increase the current number of days of delNery and enable fvrther investment in the development of the Trust AP. The longer-tem aim is to register the Trust Alternètive Provision as a Free school. Page 9
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Community Trust Report of the Directors and Trustees for the Year Ended 31 March 2024 Mcf Academy Extensive time and effort has been invested into improving the overall quality of Academy provision. This has subsequentlv led to an increase in number5 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 52 young people on the programme across two academic years. studying two qualifications, NCFE Level 2 and BTEC Level 3 Diploma. Equality & Diversity The year has seen the Trtjst diversify in the provision and delivery of its programmes, i.e. with the development of the Millwall Romans and Millwall Pride football teams ILGBTQ+l with a membership of over players. and to ensure that programmes are run within budget 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 sutvey was sent to all appropriate stakeholders and its findings allowed MFC to set necessary benchmarks as part of a new widespread and multi-faceted anti-discrimination strategy. Included within that wa5 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 monthly with all members responsible for actioning differing tasks or objettives in between. The overall aim of the Committee is to ensure that MFC and the Trust remain an industry leader when rt comes to combatting discrimination within the sport and to ensure that its environment is diverse aJ7d inclusive. In December 2023 MCT and MFC appointed its own EDI manager to oversee, all inclusion programmes within the club and trust. FUTURE DEVELOPMENTS Following discussions regarding proposals for the development of the site around the Lions Centre, trustees have given their bèckingto MFCto negotiatewith 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 MFC 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, protettion of MFCS yoijth aCademS status, and a hotel and confeience centre. In February 2023, MFC received planning pemiission to build a new training ground in Sevenoaks Kent, which will give the Trust an opportunity to develop programmes in the Kent aa. This is all very good news for the Trust. MFC. its supporters and, above all, for the local community. Page 10
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trust Report ofthe Dirertors and Trustees for the Year Ended 31 March 2024 FUTURE DEVELOPMENTS Icontinuedl The Trust will continue to develop tore themes of activity, which in turn will create social value outputs. Some new health improvement, alternative education and employability projects have been maintained during 2023124. The Trust is strategically developing a new delivery portfolio. building sustainability into each projert. It will also continue to increase activity and partnerships at the Lions Centre. creating additional income. As an example, it is widening the scope of holiday course opportunities by developing the multi-SPOrt and artivity programme to create a sustainable year-round offer. COVl(>19 The period was one of consolidation following the adverse financial efferts cause(i by the COVID-19 pandemic. Some income 5tre3ms continued to be affected as activity increased in the post-COVID period. Most major fundraising events had been postponed, but a number of successful event5 took place during 2023124. including player eveninBs. fun runs and one off events. Despite this. careful monitoring of income and expenditure has continued to safeguard the Trust'5 financial position. As a further response to the pandemic. the board of trijstees have been able to adapt some of the Trusys programmes during this time, including the provision of meals for children and many other initiatives. These not only ensured that the Trust wès able to continue to operate, and maintaln staffing levels, but at the same time has enabled it to still fulfil some of Its, choritable aims and objectives. Looking forward and having reviewed the new business plan with the Chief Executive. the Trust is confident about its prosperts. as the effects of the COVID pandemic recede. The results for the year to 31 March 2024 have been less impacted than in previous years, with the introduction of robust cost control measure5 .The board is confident about the Trust's long- term viability. A5 such all financial information has been prepared on a goir)g concern basis, as the trustees feel this is the most appropriate presentstion of information based upon their medium and long temis plans and financial projertions. Further comments on accounts 2023124 The balance sheet ès at 31 March 2024 shows resetves of £860.735 with good levels of cash at bank (compared with £803,413 in 2022-231. Total resenies increased by £57,322 12022123 increased by £19.697 to £783,716) with 3 £48,360 decrease in Restrirted Re5erves12022/23 decrease by £38,874). There was an increase Unrestricted Reserve5 by £105,68212022123 increase £58,571 to £684.9941. Total income increased from £1,189.285 to £1,252,986 lin 2022123 decreased to £1.189,2851 and costs of charitable artNities increased from £1,169.588 to £1,195,664 lin 2022123 decreased to £1,169.5881. The Directors continuously review the Trusys income streams and expenditure to identify potential efficiency cost savings to mitigate against projects that produce financial deficits. Much consideration has been given to restrurturing the Trust's activities in the light of the current economic climate and cost of living challenges. Page 11
Company Number- 03920152 Charity Number.. 1082274 Mlllwall Community Trust Report of the Dirertors and Trustees for the Year Ended 31 March 2024 Core Funding Significant funding 5UPPOrt comes through Premier League Charitable Fund, English Football League Trust, The FA, two local authorities, LB Lewisham and LB Southwark. and the London Mayorfs Fund. The Trust is also gr3tefLtI for the generous in-kind publicity and logistical support it receives from Southwark News. M05t of the expenditure 15 on staff and volunteers and the other funds are committed to overheads from occupying offices not on club premises. The Trust is continuously developing creative partnerships to enable projects to evolve. Maintaining projects that deliversocial 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, margin5 are exceptionally tight. Nevertheless, there is a Social output value to this projert 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 year5, 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 the Trust aims to recover 15% for management costs plus a proportion of overheads. It is finding that with some projects it cannot recover the full overhead costwhich places pressure on core funding. Investment performance In recent years, the Trust has kept its reserves as cash at bank. However, interest rates are regularlymonitored to enable trustee5 to take an informed view as to whether the Trust could receive a competitive rate of interest if reserve5 were kept on deposit. This option is currently being implemented in the light of the current interest rates levels. Rese•ves poliry Trustee5 aim to keep reseNes equal to three months, operating expenses, which is currently estimated to be in the region of £255.000. In addition, new funding achieved in 2021/20 has been maintained in 2023124, with the exception of Huski Chocolate fvnding via MFC. At the 2024125 year-end, it is expected that the Trust will continue to be in surplu5 and the resetves will be in a healthier position. Funds in deficit Whilst project margins are tight, some projects have been run in previous years at a deficit. This year it is planned to ensure that all programmes are run in line with budgets and are reviewed Tnonthly to make any adjustments that are needed. Prlncipal funding sources Funding is achieved fof grassroots sports development linked to community cohesion, social inclusion, health improvement, education, engagernent, employability and participation in sport. TheTrust has a number of funding Partners including central and local government as well as sports and local charities, such a5 the Premier League Charitable Trust. The FA, EFL Trust, housing associations, local authorities and in-kind support from MFC. During 2020121, the Trust received a substantial legacy from MFC. which was invested during 2021122 and has helped to provide welcome stability to its finances. Some funds are generated through the organisation of in-5chool and extra<urricular coaching, weekend and holiday sports clubs. Coach education and a football development programme. Page 12
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Report of the Directors and Trustees for the Year Ended 31 March 2024 TRU5TEES' RESPONSIBILITIES The trustees Iwho are also the dirertors of the Trust for the purpose5 of company lawl are responsible for preparing the financial Statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel and applicable law and regulations. Company Law requires the trustees to prepare financial statements for each financial year. Under company law the trust 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.. select suitable accounting policies and apply them consistently.- obseNe the method5 and principles in the Charities SORP- make judgements and estimates that are reasonable and pruder¢t,' state whether applicable UX Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial 5tatements,' and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transartions aTrd disc105e 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 Companie5 Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detertion 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 aud*tors are aware of that information. CONCLUSION The Trust is looking forward to working with MFC and LB Lewisham to 5UPPOrt 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, Sevenoaks and the wider'millwall Community continues to drive staff. trustees and volunteers in their excellent service to the organi5ation. 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: Page 13
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trust Independent Auditorfs Report to the Trustees of Millwall Community Trust Opinion We have audited the financial statements of Millwall Community Trust Ithe'charity'l forthe year ended 31 March 2024. 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 applicable18w Iunited Kingdom Generally Accepted Accounting Practicel. In our opinion the financial statements: give a true and fair view ofthe state of the charity's affairs as at 31 March 2024 and of its results for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis foropinion We conducted our audit in accordance with International Standards on Auditing (UK) IISAS l(JKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial statements settion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to ouraudit of the financial statements in the UK, including the FRCS Ethical Standard. and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audtt evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going conrn We have nothing to report in respect of the following matters in relation to which the ISAS IUKI require us to report to you where.. the trustees use of the going concern basis of accounting in the preparation of the financial statements is not èppropriate,. or the trustees have not disclosed in the financial statements any identified material uncertaillties that may cast significant doubt about the charitrfs abiltty to continue to adopt the going concern basis of accounting for a 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 auditorfs report thereon. Our opinion on the financial statements does not cover the other inforniation and. except to the extent otherwise explicrtly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our sponsibl11t¥ 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 con¢lude 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 Auditorfs Report to the Trustees of Millwall Comrnunity Trust Opinion on other matters prescribed by the Companie5 Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the report of the Dirertors and Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the Trustee's Report has been prepared in accordance with applicable legal reqLTirement5. Matters on which we are requSred to rewrt by exceptlon 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 mi55tatements 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.. adequate accounting records have not been kepL or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement W5th the accounting records and returns,. or certain disclosures of trustees remuneration specified by law are not made,. or we have not received all the information and explanations we require for o¢Jr audit. Responsibilities of twstees As explained rn0 fully in the Trustee's responsibilities (set out on page 141. 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. Auditorfs responsibilities for the audit of the financial statement5 Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a h(gh level of assurance, but is not a guarantee that an audit conducted in accordance with 15As IUKI will always detect a material misstatement when it exists. Misstatefflents 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 applitable and how the entity is complying with that framework. Based on this understsnding, 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 basi5 for our opinion. This includes consideration of the risk of arts by the entity that were contrary to applicable laws and regulations, including fraud. Page 15
Company Number.. 03920152 Charity Number.. 1082274 Millwall CommunityTrust Independent Auditorfs Reportto the Trustees of Mtllwall Commun4tyTrust In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which induded: Enquiry of management and those charged with governance around artual and potential litigation and claims as well as actijal, suspected and alleged fraud.. Reviewing minutes of meetings of those charged with governance,. A55es5ing the extent of compliance with the laws and regulation5 considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspettion.. Reviewing financial statement disclosures and testing to supporting documentation to asses5 compliance with applicable laws and regulations,. Performing audit work overthe risk of management bias and override of contro15, including testing of journal entries and other adjustments for appropriatenes5, evaluating the business rationale of significant transactions outside the nomal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, induding 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 transartions refletted in the financial statements, as we will be less likelyto become aware of installces of non-compliance. The risk of not detecting a material misstatement resulting from fraud is hieher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentation5. 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 Art 2006. Our audit work has been undertaken so that we might stste 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 a body, for our audit work, for this report, or for the opinions we have formed. David Lawrence BSC (Hon51 FCA1Senior Statutory Auditorl For and on behalf of Azets Audit Services Limited Statutory Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 ILQ 11 111/24 Page 16
Company Number.. 03920152 Charity Number: 1082274 Mlllwall ComrnunStyTrust ststement of Flnancial Activities lincluding Income and Expenditure Accourt) Forthe year ended 31 March 2024 Unrestricted Funds Restrlrted Funds Totsl Funds 2024 Totsl Funds 2023 Notes INCOMING RESOURCES In¢orning resources from charitable artlvltles Grants, donations and contracts for projects and artivities 282,592 277,487 560.079 627,067 Sub-total Grants 282.592 277,487 560.079 627,067 Soccer Schools Schools coaching Other fees and income Facility hire and other rental income 279,910 138.893 274,104 279.910 138,893 274.104 281,831 86,170 194,217 Totsl Income 975,499 277,487 1,252,986 1,189,285 EXPENDITURE ON: Charitsble artlvities: Sport and education programmes 911,441 284.223 1.195.664 1,169,588 Total Expendlture 911.441 284,223 1.195,664 1.169,588 NET SURPLUS/IDEFicin 64.058 {6,736) 57,322 19,697 Transfers between funds 14 41,624 141,6241 NET MOVEMENT IN FUNDS 105,682 148,3601 57.322 19,697 TOTAL FUNDS brought forward 743.565 59.848 803.413 783,716 TOTAL FUNDS urrfed toard 14 849.247 11,488 860,735 803.413 The Statement of Financial Activities includes all gains andlosses in the year. All income/ (expenditure) derives from contlnuing actNlties. The notes on pages 20to 31 form part of these accounts Page 17
Company Number.. 03920152 Charity Number: 1082274 Mllhmall Communfty Trust Balance Sheet as at 31 March 2024 Notes 2024 2023 FIXED ASSETS Tangible assets 43,802 34,298 CURRENT ASSErs Debtors Investrnents Cash at bank and in hand io li 250.915 243,351 493,157 138,713 221,809 548,445 987,423 908,967 CREDITORS Amounts falling due within one year 12 1170.4901 1139,8521 NETCURRENT IUA81LITIEs)/sETs 816.933 769,115 TOTAL ASSETS LESS CURRENT UABILITIES 860,735 803,413 NEf ASSErs 15 860,735 803,413 FUNDS Unrestricted funds General funds 14 807,623 743,565 Totsl unrestricted funds 849,247 743,565 Restricted funds 14 11,488 59,848 Totsl Funds 860.735 803.413 These Financlal Ststements from pages 18 to 31 have been approved by the Board of Directors on ... signed on its behalf by .and Keith Soper Trustee The notes on pages 20 to 31 form part ofthese accounts Page 18
Company Number: 03920152 Charity Number.. 1082274 Millwall CommunltyTrust Statement of Cash Flows For the year ended 31 March 2024 2024 20Z3 Net movement in fvnds for the reportlng period 57.322 19.697 Adjustments for.. Depreciation charges Decrease/llncreasel in stocks Decrease/llncreasel in debtors {Decreasel/lncrease in creditors 3.67S 3,673 1133,7441 30,638 S7,504 30,217 Net cash provided by (used Inl operatlng activitles 142,1091 111.091 Cash flovts from invertlng artfvltles: Purchase of plant and equipment 113,1791 126,8341 Net cash provlded by (used In) investing activitles {13.1791 {26,8341 Change In cash and cash equlvalents In the reportlng period Cash at the beginnlng of the reportlD8 perlod {55,2881 548,445 84.257 464,188 Cash at the end of the reportin8 period 493,157 S48,445 The notes on pages 20 to 31 form part of these accounts Page 19
Company Number: 03920152 Charity Number: 1082274 Millwall Community Trust Notes to the Finon¢ial Statements for the year ended 31 March 2024 AccouNfiNG POLICIES Statement of compliance Millwall Community Trust is a private company limited by guarantee, incorporated in England. The registered office is The Den. John Berylson Way, London. The nature of the chartty'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 Firiancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. 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. 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 35 3 going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Tangible Fixed Assets and Depreciation Tangible Fixed Assets are ststed 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 ccrv system Leasehold improvements Fixtures and fittings Sports Equipment 25% straight line basis 20% straight line basis 20% straight line basis 15% straight line basis IO% 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 h3ve different estimated useful lives, as detailed below. All of the parts are depreciated on the straight-line basis. Astroturf Roof Building 10 years 17 years 17 years 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 seNices 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 2024 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 8all Court. Other income receivable Fee income from soccer schools and schools coaching, facility and other equipment hire is recognised when the seNice is performed. 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 relate5: All cost5 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 credit5 relating to the Company's Value Added Tax partial exemption registration. These costs and credits have been allocated directly to such activities, where PO55ible 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. 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 premise5 and administration overhead. Staff costs and overhead expenses are allocated to projects and activities on a fair and reasonable basis within the temis and conditioris 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 Fund5 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 a5se5sed for objective evidence of impairment. If an asset is impaired. the impainnent 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 Ststements for the year ended 31 March 2024 1.13 Credltors Short term trade creditors are measured at transartion value. Other financial liabilities, includin8 bank loan5, are measured initialFy at fairvalue. 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 onty key judgement and estimate is considered to be the Ball Court depreciation which is detailed in note 1.4 NET OUTGOING/(INCOMING) RESOURCES FOR THE YEAR 2024 2023 This is stated after charging or (creditingl.. Depreciation of tan8ible fixed assets owned by the Charity Amortisation of ball court 8rant Auditors, remuneration Audit servlces 3,675 3,673 12,000 11,0 OTHER INCOME Unrestrlrted Restrlcted Total 2024 Total 2023 Sponsorship income Investment income Other income 50,200 21.542 67,151 50,2CNJ 21,542 67,151 S0,CrfJ) 18,CK)41 44,174 138,893 138,893 86,170 The income recelved in the year ended 31 March 2023 all related to unrestrirted funds. Page 22
Company Number: 03920152 Charity Number: 1082274 Millwall Community Trust Notes to the Financial Statements for the year ended 31 March 2024 GRANTS, I)ONATIONS AND CONTRACTS FOR PROJEcfs AND ACTIVITIES Unre5trirted Restricted Total 2024 Totals 2023 Artive Communities Breaking Barriers- Southwark Bromley and Lewisham BLG Central grants City Bridge Trust Divert Programme IMPSI Football League Trust- Core Funding Football League Trust- Infrastrurture Premier League Kicks Kinder Move & Learn Lewi5ham Winter Health London Borough of Lewish3m- PL Kicks London 8orough of Lewisham- Lockdown Support Grant National Citizenshlp Servi 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 ass¢xiated gift aid The Mayors Fund for London Traineeship Programme We Do Care Grant Wembley Trust Fundin8 Youn8 Londoners Fund Youn8 People Mentoring 38,500 38,500 36.C( 8.226 31,284 36.531 36,531 221,047 12,190 25.500 221,047 12,190 25,500 170,635 9,795 25.000 21,816 21.816 119,717 21.602 5.(J)O 36,515 148,960 36,515 148,960 53,326 101.608 13,750 13.750 270 49,874 270 282,592 277,487 560,079 627.067 Projects and Artmtles Of the income from projects and activities received in the year ended 31 March 2023. £285,132 was restricted and £341,935 was unrestrirted. Page 23
Company Number.. 03920152 Charity Number-. 1082274 Millwall Community Trust Notes to the Financial Statements for the year ended 31 March 2024 RESOURCES EXPENDED CHARITABLE EXPENDITURE: SPORT AND EDUCATION PROGRAMMES Unrestrirted Restrirted Total Total 2024 2023 Salaries Sports equipment and kit Hire of facilities Other project and artivity costs Staff training Transport, travel and motor expenses Premises costs 531,236 41,147 2,983 75,352 195 261,117 5,511 5,900 175 792,353 46,658 8,883 75,527 6,197 14,856 138.306 15.276 21,186 3.673 300 731,857 12,444 59,523 26,148 6,952 24,705 136,297 28.396 12,163 3,673 875 6,002 3,118 11,738 138,306 15,276 21,186 3,673 300 Printing, Post, stationery and telephones Computer equipment and software Depreciation Advertising Other expenses Governance Costs (Note 8) Support Costs (Note 71 37,375 15,000 17.674 37.375 IS,) 20,074 73.462 14,250 38.843 2,400 911,441 284,223 1,195,664 1,169,588 Of the cost5 incurred in the year ended 31 March 2022, £861.038 was unrestricted and £312.904 was restricted. RESOURCES EXPENDED CHARITABLE EXPENDITURE: SUPPORT COSTS Unrestrirted Restricted Total Total 2024 2023 Professional fees Company Secretary fees and expenses Other expenses 10,999 6,675 2,400 13,399 6,675 29,777 9,066 17.674 2.400 20,074 38,843 The costs incurred in the year ended 31 March 2023 £38.693 was unrestritted and £150 was restritted. RESOURCES EXPENDED GOVERNANCE COSTS Unre5trirted Restrirted Total 2024 Total 2023 Audit 15,000 15,1XJ) 14,250 The costs incurred in the year ended 31 March 2023 all related to unrestricted funds. Page 24
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trust Notes to the Financial Staternents for the year ended 31 March 2024 STAFF COSTS AND NUMBERS 2024 2023 Staff costs were= Salaries and wages (including coaching staffl social security costs Pension costs Idefined contribution) 737,130 45.587 9,636 679.806 42,981 9,070 792,353 731,857 Defined contribution pension costs are allocated in line with the associated salaries and wages costs incurred within each fund. The average weekly number of employees during the year. calculated on the basis of full-time equivalent was as follows.. 2024 15 io 2023 19 io Core Staff Casual coaches 25 29 The average number of staff employed during the year was as follows: 2024 15 42 2023 19 37 Core Staff Casual coaches 57 56 The number of employees who earned £60,INJJ per annum or more (including tsxable benefits but excluding employer pension contributions) during the year was as follows: 2024 2023 £70,001- £80,000 £80,001- £90,000 During the year remuneration of £85,00012023: £75.000) was paid to Key Personnel. During the year remuneration of £12,00012023= £Nill was paid to the Trustees. The 2024 amount was initially paid to Jason Vincent for his work on behalf of the Trust in respect of an EDI role in a pilot scheme funded by the EFL Trust. This was subsequently repaid to the Trust by sponsorship from Millwall Football Club so no cost to the Charity was undertaken in the year. During the year expenses of £Nil12023.. £Nill were paid to the Trustees. Various volunteers helped the Trust during the year, assisting with delivery of projects, administration and general maintenance at the tions Centre. Page 25
Company Number.. 03920152 Charity Number: 1082274 Millwall Community Trust Notes to the Financial Statements for the year ended 31 March 2024 TANGIBLE FIXED ASSETS Ball Court extenslon CCTV system Computer equipment Flxtures and fittings Leasehold Improvements Total equipment At l April 2023 Additions Disposals 1.503.771 15,066 4.460 44,647 56,539 23.735 13,179 1.648.218 13,179 At 31 March 2024 1.503.771 15.066 4,460 44,647 56,539 36.914 1.661.397 Depreclatlon At l April 2023 Charge for the year 1,503,771 15,066 4,460 40.099 28.984 21,540 1,613,920 2,678 405 592 3,675 Disposals At 31 March 2024 1.503,771 15,066 42,777 29,389 22,132 1,617.595 Net Book Value At 31 March 2024 1,870 27,150 14,782 43,802 At 31 March 2023 4.548 27.555 2,195 34,298 All tanw'ble fixed assets are owned by the charty 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 N¢)vember 2029. Page 26
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Community Trust Notes to the Financial Statements forthe year ended 31 March 2024 io. DEBTOR5 2024 2023 Grant5 and income receivable Othertaxes and social security Prepayments and accrued income 238.103 12,812 138,713 250,915 138.713 11. INVEsfMEMrs 2024 2023 Investments 243.351 221,809 243,351 221.809 12. CREDrroRS (AMOUNTS FALLING DUE WIThIN ONE YEAR) 2024 2023 Trade creditors Other taxes and social security Accruals and deferred income 78.878 14.027 77.585 12.622 122,426 139,8S2 170.490 13. OPERATING LEASE COMMITMENTS The totsl of future minimum lease payments is as follows: 2024 2023 Not later than one year Between two and fNe years 3.227 19,000 3.279 Lease payments recognised as an expense Page 27
Company Number.. 03920152 Charity Number.. 1082274 Millwall Community Trust Notes to the Financial Statements for the year ended 31 March 2024 14. MOVEMENT IN FUNDS Transfers Between Funds l April 2023 31 March 2024 Incoming Outgoing Restrlrted funds Divert Programme IMPSI Premier League Kicks Kinder Move & Learn Lewisham Youth Setvice Premier League Primary Stars Riverside Southw3rk Council Youth & Play Southwark Neighbourhood Fund Young Londoners Fund sUtOtal Restricted funds 1,397 116,4361 18,487 22,358 22,848 19,850 7,573 2,062 118,2911 1,397 1105,406) 27,385 44.033 22,848 19,850 7,573 6,312 112,5041 221.047 12,190 25,500 1276.8601 11.4631 {33.1571 11,8291 13,8251 17501 12,0631 141,6241 13,750 {5.9001 1284.2231 59,848 277,487 11,488 General funds 743,565 975,499 1911,4411 41,624 849,246 Total $trIcted and unrestrirted funds 803,413 1,252,985 11,195,664) 860,734 Divert Programme1fvIPSI= DIVERT is a Metropolitan Police Service intetvention programme aimed to reduce reoffending. Premier League Kicks.. A sports activity programme for 12 to 19 year old5 in partnership with the Metropolitan Police. The FA, the Premier & Football League. The basis is intensive provision in 3 geographical area highlighted as a "hot spoy, for youth crime. The funding pattern for this project runs to the 31 August which does not align with the year end which can create timing differences in the position of the fund. Kinder Move & Learn: EFL funded programme within local primary school, 6 week healthy schools project, combing education workshops and physical artivity. Lewisham Youth SeN1. Annual funding application for Specific youth activities based around inclusion and education. Premier League PrimaryStars= Primary schools coaching and education programme. Riverside: Riverside is a Youth centre in Deptford, that is being regenerated at a cost of £1.4 million. in partnership with MCT. youth first, and Lewisham Council. Funding for the project is from Football foundation. Southwark Council Youth and Play: A grant from the London Borough of Southwark towards the Millwall Kicks programme on the housing estates in Southwark Southwark Neighbourhood Fund.. The fund is a local councillors fund to support programmes in the Southwark area only, use this fund to match fund the KICKS programme in the local area Young Londoners Fund: The fund is GLA /London Mayor5 officer, to support and create positive activities for young people in the London Boroughs. MCT use the funding for match fund for KICKS and activrties around anti social behaviour. crime reduction. The total balance of £11,488 on Restricted Funds is to be carried forward into 2024125 to be spent on the respective projects. The transfer to unfestricted 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 28
Company Number: 03920152 Charity Number: 1082274 Millwall Communlty Trust Notes to the Financial Statements for the year ended 31 March 2024 15. ANALYSIS OF NEfA55ETS BEEN FUNDS Unrestrtrted funds Restricted funds Total Funds Tangible fixed assets Net current Iliabilitiesllassets 43.802 805,445 43.802 816.933 11.488 Net assets at 31 March 2024 849,247 11,488 860.735 16 CONTROLLING PARTY The charity Is controlled by the Trustees and Dirertor5 of Mlllwall Community Trust. 17. RELATED PARTY TRANSAcfioNS There were no related party transactions during the year. Page 29