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, Se￿ing 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 re￿Stablished 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 othe￿iSe 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, Se￿ice$ 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 aCadem￿S 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 a￿a.
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 con￿rn
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 to￿ard
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
sU￿tOtal 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 B￿EEN 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