Company Number.. 03920152 Charity Number: 1082274 Mlllwall Communlty Trust (A company Ilmlted by 8uarantee) Report and Flnan¢lal Statements For the year ended 31 Mar¢h 2025
Company Number: 03920152 Charity Number: 1082274 Mlllwall CornmunltyTnt Company Information Dlrertors, and Trustees, Report 2-12 Auditors, Report 13-15 Statement of Financial Artivities 16 Balance Sheet 17 Statement of Cash Flows 18 Note5 to the financial statements 19-28
Company Number.. 03920152 Charity Number: 1082274 Millwall Communlty Trust Company Inforniation DIREcfoRS AND TRUSTEES". Nerisa Ahmed {Appointed 18 July 20241 William CIM)per IAppointed 18 July 20241 Clive Efford IAppointed l December 20241 Mark Fairbrother {Appointed 18 July 20241 Rt Hon Sir Simon Hughes (Resigned 28 November 20241 Steve Kavanagh (Resigned 10 May 20241 Peter Garston Lord Kennedy of Southwark (Resigned Iojuly 20241 Emma Parker Sarah Revell Carly Rawlinson-simmons (Appointed 18 July 20241 Keith Soper Jason Vincent (Resigned 27 April 2024} Luke Wilson COMPANY SECRETARY: Philip O'Halloran CHIEF EXECLMVE OFFICER: Sean Daly REGISTERED OFFICE: The Den John Berylson Way London SE16 3LN REGISTERED CHARITY NUMBER: 1082274 COMPANY NUMBER: 03920152 AUDITORS: A2ets Audit SeNice5 Limited Registered Audltors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 ILQ BANKERS: Barclays Bank PLC Leicester LE87 2BB Page I
Company Number.. 03920152 Charity Number.. 1082274 Mlllwall Communlty Trust Report of the Dlrectors and Trustees for the Year Ended 31 Marth 2025 The Directors and Trustees present their annual report forthe year ended 31 March 2025 together with the audited accounts for the year and confirm that the latter comply with the requirements of the Companies Ad 2006 and the Charities SORP IFRS 1021. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document: The charity 15 controlled by its memorandum and articles of association. being a company limited by guarantee, as defined by the Companies Act 2C()6. Re¢ruitmeDt and appointment of new trustees: Trustee5 a selected for their professional skills and experience a¢r05s a variety of areas to which they can contribute towards the effective running of the charity. The number of trustees must not be fewer than three, and there is no maximum. The first trustees subscribed on incorporation of the company. At the first annual general meeting. all the trustees retired from office, in accordance with the articles of association. At each subsequent annual general meeting. one-third of the trustees (with longest seTvicel are subject to retirement by rotation. New trustees must be recommended by a trustee and are appointed by an ordinary resolution of the tompanv. Induction and training of new tNstee5: New trustees are invited to the Trust's offices at the Lions Centre to meet the stsff and are given an oveNiew of the Trust's artivities. They are provided with a copy of the Memorandum and Articles of Association for the Trust, plus minutes of recent meetings. New trustees are provided with details of their fellow trustees. who they are invited to meet at the earliest opportunity. Organisational structure The Trust is a company limited byguarantee and 15 registered with the Charity Commission. Six trustees {directorsfortompany purposes) were appointed on incorporation. all of whom have since resigned. On 31 March 2025. the Trust had ten trustees. A Chief Executive, who is not a trustee. leads the Trust on a d3y-to-day ba515 SUPPOrted by a Leadership team including up to three strand managers. responsible for Schools Provision (including Primary Stars): Football and Sports Development- Employment & Education,. 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 a market rate which has been approved by the board of trustees. The Trust has contrarted with Millwall Football Club IMFC} to provide its finance, HR and payroll funrtions. A MFC Finance Manager is responsible for pro551ng all financial reporting for the Trust. Wider network The Trust has a strategyof encouragingsports participation through p051tive 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 Southwark, and KICKS is supported bythe Metropolitan Police and the Premier League Charitable Foundation. The Trust has a strong relationship with the London Boroughs of Southwark and Lewisham and continues to develop its new relationship with Sevenoaks District Council. In addition, the Trust has developed Service Level Agreements with a number of sch¢)ols acr055 Its catchment area for curriculum and exira-curricular physical activity delivery. Vision, Objertives and aims The charity's objectives are for the benefit of the public generally with a clear'vision. to use the unique passion of Millwall to connect and inspire the Club's tommunities. The Trust's 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 deliver high quality seNices that engage, enable and improve the lives of the people in the following key areas-. Page 2
Company Number- 03920152 Charity Number: 1082274 Millwall Communlty Trust Report ofthe Dlrertors and TNstees for the Year Ended 31 Marth 2025 Vlslon, Oblertfve5 and aims (continued) Schools Coaching & Sport5 Porticipotion.- To provide a high-quality sports service to schools and the community. Educotion & Employability.. To provide inspiration, encouragement and guidance for young people and adults, leading to improved education and career opportunities. Community Development & Health Improvement.- To act as a true community partner by providing sport and physi¢al activity opportunities to improve quality of life and neighbourhood5. Neighbourhood Cohesion & Celebr¢7ting Diver5ity.- To work with MFC in promoting neighbourhood cohesion, including disafferted young people and other tsrget groups- and to celebrate the diversity of the local community. Facility & Business Monogement.. 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 requirement5 of the Trust are provided in an appropriate manner. Strotegic 8usines5 Development.- To work to a Business Plan. taking into consideration the vision. ambitions and future aspirations of the Trust. Lions Centre and St. Paufs Community Sports Ground The Lions Centre is the Trust's operational HQ. Opened in 2CQ2, the Centre offer5 excellent facilities, including a sports hall, ind(M)r Artificial Grass Prtch, two study centres. a seminar room, refreshment bar, office and changing space. The Centre is primarily used to build SF)Orts participation amongst the local community, train new coaches and forge links with local schools, community groups and businesses. In December 2016, the Trust took on the management responsibility of St Paul's Community Sports Ground in Rotherhithe. Southwark. The facility offers a full-size, floodlit artificial turf pitch, a club room, changing rooms and spectator facilities 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+l. The venue also hosts a number of local grass clubs, schools and higher education institutions. The facilitie5 act as venues for the Trust's post-16 football, education and coaching Academy, an educational programme that provides interactive sports learning programmes for local young people aged 16-19 year5. Educational delivery is focused and tailored to meet the needs of young people with a combination of classroom-based lessons, followed by prartical 5e55ions in the gymnasium, outdoor or indoor fwtball pitthes. During 2023124, the London Borough of Southwark invited tenders for a five-year contract to manage St Paul's to commence in May 2024. The Trusvs tender was successful and a new contract between Southwark and the Trust has been agreed. Over Summer 2025, Southwark funded the renewal of the artificial turf pitth and improvements to the floodlights. The Trust aims to create a sustsinable year-round community sport offer for the sidentS of Southwèrk and Lewisham and our partners. including Sevenoaks District Council. It has embarked on discussions with parties interested in working with it to decide where additional delivery hubs will be, enhancing the range of opportunities for all. Rel*ed parties Whilstthe Trust is an independent organisation constituted as a company limited by guarantee with charitable status directed by a board of trustees, it has a longstanding working relationship with Millwall Football Club. The Trurt 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. Page 3
Company Number.. 03920152 Charity Number.. 1082274 Mlllwall CommunityTrust Report of the Dlrertors and Trustees for the Year Ended 31 Marth 2025 Risk management The trustees have identified and reviewed the risks to which the charity is exposed and ensured that appropriate controls are in place to provide reasonable assurance against fraud and error. Significant arti¥ities The Trust provides a broad range of opportunitie5 throughout the year, designed to engage the local community in sports, health and education artivities. This ranges from the schoolg sports programme that is offered across a range of sport5 to the tomprehen5ive social inclusion programmes in Lewi5ham and Southwark. A full description of attivities is provided under the details of charitable artivities. Public benefft The trustees have followed the guidance issued by the Charity Commission regarding the public benefrt arising from the artivities they decide the Trust will undertake. The objettives and aims of the Trust are covered in more detail in these notes. The Trust provides thousands of people within the surrounding community with a range of free or affordable opportunities to participate in sport and leisure promoting inclusion and opportunity for all who wish to take part. In addition. the Trust is working with local partners to improve facilities with the aim of providing more sporting opportunities. VoluntÈerslMentors An increasing number of people are volunteeringlmentoringto support the work of the Trust. Within the various work areas, volunteers have been recruited to assist in coachin& administration, direction and organisation. No trustee receives any remuneration for their 5ervice5. 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 Mlllwall Community Trust Report ofthe Directors and Trustees forthe Year Ended 31 Marth 1025 STRATEGIC OVERVIEW OF THE YEAR 202*25 Introdu¢tlon It is 40 years since the Millwall Community Scheme was established in 1985 as a result of a Greater London Council IGLCI initiative that offered London football clubs revenue funding for the employment of a single worker. plus a working budget for a fNe-year project to develop link5 and programmes within their communities. In the intervening years, the Trust has grown to offer a diverse range of sports. health, education and inclusion projects. Since the disruption caused by COVID-19 restrirtions imposed during 2020 to 2022, which resulted in temporary closure5 of the Lions Centre and St Paul's Community Sports Ground and the suspension of a number of the Trust's activities, the Trust ha5 built on its refreshed vision, mission. aims and objectives and continued in its ambition to be more outward facing with an emphasi5 Qn 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 communities acros5 Lewisham. Southwark and Sevenoaks Di5trirt Council. Specific support provided by the Trust to the local community included.. Lions Centre provides space for a food bank, Seing 120 families per week. Outdoor fijotball and sports activities were arranged for school-age children during the Easter15ummer/Christmas school holidays in 2024 and February 2025 which included lunches produced by football club caterin8 Staff. providing over 8,500 free places and free meals. The Trust runs an altemative schools, provision at its Lions Centre site, with a weekly attendance of 57 5tLJdents. The Trust provided 800 free health checks at the stsdium for local residents Over 3,000 hours of provision was delivered in local schools Post-COVID, the Trust has re-established itself as a significant provider of sport, health. education and community development opportuntties for children. young people and adults across Southwark and Lewisham. The Trust has expanded and enhanced sports provision and continues to improve the quality of life for both individuals and neighbourhoods. The aims and objertives agreed for each strand of activity this year resulted from our regular review of the values, principles and servi5 provided by the Trust. The strategic financial aim is for the Trust turnover to be split between funded projects and services and generated income. This is a considered strategy to ensure that our income streams are spread across a ranee of sources to protect against the risk of funding declining or income generation reducing. Maintsining some projects that deliver social outputs, such as disability programmes, place a strain on Trust finance5. which Is a continuin& yet accepted. challenge. Nevertheless, it has continued to"right-size" the organisation 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 services with small margins is that to recover actual costs is very diffitult. Partners have been responsive to the challenges that the Trust faces. and it has had succes5 in developing new themes of work, particularly in health improvement and employability, which now deliver some exciting and innovative projects. including the establishment of a Job Centre at the Lions Centre. 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 2024125, on average over 8,000 young people weekly and over 14,5(K) residents annually have been engaged and benefitted by using the services provided by the Trust, with support from the football club. A detailed analysis of the'end of yearf reports provided by programme managers defines a richness in the quality and diversity of the Trusvs work and pays tribute to the enormous dedication and professional competence ol fvll and part time staff. In this short summary of the outcomes of the Trusys work, the Trust will draw attention to its achievements and will attempt to summarise the impact the Trust's programmes has made to the grovrth and development of young people, teachers, community entrepreneurs and public and voluntary bodies. Page 5
Company Number: 039201S2 Charity Number.. 1082274 Millwall Community Trust Report of the Directors and Trnstees for the Year Ended 31 March 2025 Introdurtlon (continued) Below is a breakdown of specific projects. The funded projects have a duration of 1-3 years. Each project manager is responsible for their specific cost centre and submits proposals for funding. The CEO also develops large funding proposals and supports management staff with their projects. Charltable activities- Schools Coathing Following the disruption caused by COVID, the Trust resumed delivery of school curricular and extra-curricular sports programmes across the two core boroughs of Lewisham and Southwark. It took time for some xhoo15 to permit the Trust to resume its activities, and some have chosen to make internal arrangements. In response, a new programme offer was launched, including the delivery of tsrgeted girls-only sessions and practical PSHE sessions focusing on nutrition and health. The Trust is now delivering 40 session5 per week. compared with 35 per week in 2023124 and over 70 pre-COVID. The Trust also organises Sports days, summer fetes and fairs at schools in Lewisham and Southwark, including supportinE large community events such as Lewisham People's Day and Bemondsey Carnival. Also sUPPOrting MFCS outreach work in the community, via the FANZONE. Other activities include boy5 and girls football competition5 on behalf of the Premier League & EFL. Charbtable activitses- Sports Participation Holiday Food and Actfvlty IHAF) C(wrses The Trust undertakes a large sports participation programme both in football and multi-sports. The Trusys coathing staff deliver a range of sports in schools, local grass roots football clubs and sports centre5, on behalf of community groups and organisations, and deliver holiday course programme5 during the school holidays. School holiday provision19 weeks peryearl for boys and girls is delivered at venues in Lewisham. Southwark and Kent, including the Lions Centre, and St Paul's Sports Ground. Temi-fime Football Club The Trust Continues to deliver Term-Time Football Club (player 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 to encourage children to continue their participation outside of school and increase attendance levels. Football Development The Trust has a strong relationship with the Millwall FC 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 Club continues to provide a 5UStainable foundation for young player development, with currently four first team Lionesses players first stsrting their football journey with the Trust and attending the Millwall Girls Football Academy programme. Millwall lionesses and Girls Football Academy Millwall Lionesses is one of the oldest clubs and most recognisable names in women's football. Founded in 1971, the Lionesses became the first club in the country to be officially affiliated to a professional men's team in the 19805, as MFC sought to strenEthen its ties with the local community. Following the decision in May 2019 to relinquish the FA Women's Championship licence, the Trust is 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 Lione$5es wa5 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 countryl, allowing MFC to develop players from the age of eight years. In March 2020, the Trust decided that it would own the Gir15' Football Academy in line with the Boys. Academy and the Lionesses are Current fielding Girls Football Academy squad5 at U12. U14, U16 ènd U18 levels. Page 6
Company Number: 03920152 Charity Number: 1082274 Millwall Communlty Trust Report ofthe Dlrertors and Trustees for the Year Ended 31 Marth 2025 Premler League Girls The Trust Successfully applied for funding to run three Premier League Girls, Satellrte Clubs. It delivers two centres for female participants aged 8-16 years. The Premier League Girls programme enables talented girls to experience a higher stsndard of football and ¢oachin8, as well as understanding more al)out the possible pathways they may be able to take, either in elite football with the Girls Football academy or transitioning into local partner football clubs. aub Partnershlps The Trust has formed partnerships with various grass roots local football clubs in Lewisham, Southwark and Kent, working with them to host Trust football holiday camps, player development centres, coaches CPD events. tickets to MFC matche5 (which promotes a new supporter base for MFCI. Income will be based on a 50/50 profit split. Toddler Soccer- (Cubs) The Trust delivered football provision within their own sites for 34 years developing core physical skills. Joy of Movlng-"Movè and Learn" Delivery of EFL Healthy Lifestyle programme within 15 schools over the school year, as a six-week programme consisting of education and physical activity workshops, linking in the Heolthyschools accreditation, funding from EFL of £12.000. Charitsble arti¥ltles- Disability Projects The Trust is fully committed to intreasing the number of structured and regular sports and physital artivities available to residents of all ages with disabilities within the London Boroughs of Lewisham and Southwark. All SEN schools facilitate a provision that includes Drumbeat, Orthard and Spa School who have all signed up for the current academic year. Millwall DS Lions are the official Millwall Downs Syndrome Team. The group come together once o month at the Lions Centre and there are a mixture of fun training sessions and matthes against other Downs Syndrome teams run by other professional community football clubs. Millwall Lions is the official Millwall mental health team, whith trains weekly at the Lions Centre and compete in the South London Grassroots Football League. The group is managed by SLAM (South London and Maudsley Mental Health Trust) and the Trust SUPPOrts the programme by providing free facility usage and a coach to SUPPOrt the sessions. Charltable Artivities- Community Development Programme5 Premler League KICKS Premier League KICKS is the Premier League's flagship community initiative. It has a long history of usingthe power of football and the value of sports participation to help hard-to-reach youngsters in some of the most di5advantaEed areas of the community, tum their lives around. By engaging young people between the age5 of 8-19 in con5trurtive activities, including a wide variety of sports, coachin& music and educational and personal development sessions, local communities have been transformed with impressive sports participation rates and the authorities reporting significant reductions in anti-social behaviour. The Trust has managed to continue to maintain a high percentage of delivery and coverage through securing local match funding. It works closely with Southwark Youth & Play Isouthwarkl and Lewisham Council to identify locations in need for constructive youth provision. where we now have a number of Succe1 Premier League KICKS satellite venues throughout both boroughs. 19+ Foothall The Trust works in partnership with Active Communities Network to provide free weekly ftX*tball 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 majoritywho engage are ex-KICKS partitipants. This session provides evidence that participants, relationship with the Trust is enduring and. in some cases, continues long into adulthood. Page 7
Company Number: 03920152 Charity Number.. 1082274 Mlllw?11 Community Trust Report of the Directors and Trustees for the Year Ended 31 March 2025 Mentoring The Trust makes a commitment to support a number of people between the ages of 16-24 who have demonstrated a commitment to enrol on the active mentoring programme. Young people benefit from:_ Good learning environment by SLlPPOrting quallfied coaches at the Trust. Mentoring 1=1 SUPF)Ort with a project manager. Opportunity to enrol on accredited coaching courses to gain an insight in the coad)ing world of professional development and other educational awareness training. Access to a variety of coaching session plans. Variety of mentoring opportunities through the different departments at the Trust such as community development, 5POrts development and Lion5 Centre or St Paul's Community Sport5 Ground facilities. DIVERT DIVERT 15 a Metropolitan Police servite diversion programme where the Trust provides a Custody Intervention Coach based in Lewisham poli Station. DIVERT'S mission is to speak with 18-25-year-olds while they are still in police custody with the aim of finding them employment, education and training. Using a teachable moment. the Trust engages with individuals who have been arrested and listen to what they want to aspire to. Using sustained and effertive support it then refers young adults to respective organizations and employers. Ultimately DIVERfs goal is to prevent reoffending and redu crime. The programme runs separately to the criminal justice system, which all0v 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 3W young adults and helped nearly 125 people into employment. The overall reoffending rate is just eight per tent. Mlllwall Walking Sports aubs The Trust works in partnershipwith the Southwark Pensioners Centre and the SE London Alzheimerfs Societyto deliverweekly 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-tem health conditions, dementia, mentsl health difficulties, limited mobility or those who are inactive, to stay fit and healthy. The two-hour weekly activities offer older people the opportunity to meet other people have fun. stimulating the mind, and developing balance and hand-eye coordination. It offers an opportunity for a target audience that would not otherwise be active and may feel disengaged with the local community. Before and aftereach artivity, the group have open and individual conversations over refreshments, ollowinE member5 to help each other by sharing life experiences and thus reducing stress. isolation and loneliness. Under the health improvement banner, the Trust has developed a male adult health programme (MAN v FATI, with over 60 adults attending weekty physical and educational session5 On lifestyle change. Charftable Arti¥ities- Education and Employability Programrne5 The aim for the Trusys Education and Employability strand is to provide a suitsble and robust education and employability programme to target groups within the Boroughs of Lewisham and Southwark. Over the course of the year. these programmes and have developed and changed to meet the needs of those we are working with and to ensure we are compliant and working to meet regulatory requirements. Alternatlve Provision The Trust has adapted Tts AP offer into an AP Academy, which provides a natural pathway into our post-16 initiatives. This has enabled the Trust to tap into the mainstream market more and approach local schools to offer its services as AP provider which acts as a pre-cursor to post-16 programmes. Page 8
Company Number: 03920152 Charity Number: 1082274 Millwall Communlty Tmst Report of the Directors and Truslee5 forthe Year Ended 31 MaT¢h 2025 Alternative Provtslon (continued) All students are on task to achieve BTEC qualifications this year with Year 10 students working towards an award and Year 11 looking to achieve a Diploma. Education partners such as the 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 LB Southwark and the short-term objective is to increase the number of learners referred and the range of schools worked with. This will subsequently increase the current number of days of delivery and enable further investment in the development of the Trust AP. Mcf Post 16 Football and Educatlon Academy Extensive time and effort has been invested into improving the overall quality of Academy provision. in conjunction with Lewisham College. This has subsequently led to an increase in numbers on the programme, improved reputation in the local area, strong links created with partner schools and the implementation of additional offers such as a pre-season training programme, and the Trusys Coaching Pathway Scheme. There are 64 young people on the programme across two academic years, studyin8 two qualifications, NCFE Level 2 and BTEC Level 3 Diploma. Equality & Diversity The year has seen the Trust diversify in the provision and delivery of its programmes, i.e. with the development of the Millwall Romans and Millwall Pride football teams ILGBTQ+l with a membership of over 50 players. and to ensure that programmes ère run within budget and impact the community. In December 2020, MFC and the Tnjst started the first-ever audit of 8oard members, Staff. volunteers and participants as part of an ongoing commitment towards equality, diversity and inclusion in all areas of operations. An internal survey was sent to all appropriate stakeholders and its findings allowed MFC to set necessary benchmarks as part of a new widespread and multi-faceted anti-discrimination strategy. Included within that was the formation of an Equality, Diversity and Inclusion Code of Practice to cover departments throughout MFC and the Trusys arttvities 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 objertives in between. The overall aim of the Committee is to ensure that MFC and the Trust remain an industry leader when it comes to combatting discrimination within the sport and to ensure that its environment is diverse and intlu5ive. In December 2023 m 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 backingto MFCto negotiate with LB Lewisham for a new lease forthe 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 Tru5Ys base, The Lions Centre, will be relocated. and discussions are being held to have the new site the hub of the community, with partners, NHS, Department work and pensions, doctorfs surgery, pharmacy etc. The architects appointed by the Football Club have created a scheme to redevelop ènd 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, protertion of MFC'S youth academy's status, and a hotel and conference tentre. In February 2023, MFC received planning permission to build a new training ground in Sevenoaks Kent. which has given the Trust an opportunity to develop programmes in the Kent area. This is all very good news for the Trust, MFC, its supporters and, above all, for the local community. Page 9
Company Number.. 03920152 Charity Number.. 1082274 Mlllwall CommunltyTru5t Report of the Dlrertors and Trustees for the Year Ended 31 March 2025 FUTURE DEVELOPMENTS (contlnued} The Trust will continue to develop core themes of activity, which in turn will create social value outputs. Some new health improvement. alternative education and employability projects have been maintained durin8 2024125. The Trust is strategically developing a new delivery portfolio, building sustainability into each project. 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 activity pro8ramme to create a sustainable year-round offer. covir>19 Looking forward and having reviewed the new business plan with the Chief Executive, the Trust is confident about its prospects, as the effects of the COVID pandemic recede. The results for the year to 31 March 2025 continue to be less impacted than in previous year5, With the introduction of robust cost control measures. The board remains confident about the Trusys lonE-term viability. As such, all financial information has been prepared on a going contern basis, as the trustees feel this is the most appropriate presentation of information based upon their medium- and long-terms plans and financial projections. Furthèr tomments on accounts 2024125 The balance sheet a5 at 31 March 2025 shows reserves of£879,558 with good levels of cash at bank Icompared with £860,735 in 2023-241. Total reserves increased by £18.82312023124 increased by £57,322 to £860,735) with 8 £37,596 increase in Restricted Reserves12023124 decrease by £48,360 to £11,4881- There was an decrease in Unrestricted Reserves by £18,773 12023124 increase £105.682 to £849,247). Total income decreased from £1,252,986 to £1,230,883 lin 2023124 increased to £1.252,9861 and costs of chariLible activities decreased from £1,195,884 to £1,212.060 lin 2024125 increased to £1,196,664). 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 restructuring the Trust's artivitie5 in the light of the current economic climate and cost of living challenges. Core Funding Significant funding support comes through Premier League Charitable Fund, English Football League Trust. The FA, two local authorities, LB Lewisham and LB SouthwarK and the London Mayorfs Fund. The Trust is also grateful for the generous in-kind publicity and logistical support it receives from Southwark News. Most of the expendr(ure is on staff and volunteers and the other funds are committed to overheads from occupying offices not on club premises. TheTrust is continuouslydeveloping creative partnershipsto enable projects to evolve. Maintaining projerts 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, margins are exceptionally tight. Neverthele55. there is a social outPLrt value to this project beyond the profit and loss report. Core Costs- Full Costs Recovery Model The Trust aims to employ a full cost recovery model, offsetting costs across projects. In recent years, this has become increasingly difficult due to reduced funding and increased costs. There is a limit to the amount each funder will allow for management and overheads. As a guideline the Trust aims to recover 15% for management Costs plus a proFM)rtion of overheads. It is findingthat with some projerts it cannot recover the full overhead c05t which places pressure on core funding. Investrnent perforniance In recent years, the Trust has kept its reseNes as cash at bank. However, interest rates have been regularly monitored to enable trustees to take an informed view as to whether the Trust could receive a competitive rate of interest if reserves were kept on deposit. This option has been implemented during 2024125 in the light of the current interest rates levels. Pa8e 10
Company Number: 03920152 Charity Number- 1082274 Millwall Communlty Trust Report ofthe Directors and Trustees for the Year Ended 31 March 2025 Reserves poficy Trustees aim to keep reserves equal to three months, operating expenses, which is currently estimated to be in the region of £255,1XK), and are aiming to increase reserves to a new target of six-months, operating expenses. In addition, new funding achieved in 2020121 has been maintained in 2024125, with the exception of Huski Chocolotefunding via MFC. At the 2025126 year-end, it Is expected that the TfU5t will continue to be in surplus, and the reserves will be in a heahler p05ttion. Funds In defi¢it Whilst project margins are tight, some projects have been run In previou5 years at a deficit. This year it is planned to ensure that all programmes are run in line with budgets and are reviewed monthly to make any adjustments that are needed. Prlnclpal funding source5 Funding is achieved for grassroots sports development linked to community cohesion. social indusion. health improvement, education, engagement. employability and participation in sport. TheTrust has a number of funding partners including central and local govemment as well as sports and local charities. such as the Premier League Charitable Trust. The F4 EFL Trust, housing associations. local authorities and in-kind support Irom MFC. During 2020121, the Trust receNed a substantial legacv from MFC. which was invested during 202V22 and has helped to provide welcome stability to its finance5. Some funds are generated through the organisation of in-school and extra-curricular coachin& weekend and holiday Sports dubs, Coach education and a football development programme. TRUSTEES. RESPONSIBILITIES The trustees (who are a150 the directors of the Trust for the purposes of company lawl are responsible for preparing the financial statements in accordance with the United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Pratticel and applicable law and regulations. Company Law requires the trustees to prepare financial ststements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they gNe 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 ststements. the trustees are required to: select suitable accounting poliues and apply them consistentty,. ObSee the methods and principles in the Chartties SORP- make judgements and estimates that are reasonable and prudent- state whether applicable UK AccountinE Standards have been followed. subject to any material departures disclosed and explained in the financial statements,. and prepare the fi'nancial 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 suffitient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial posltion of the charitable company and enable them to ensure that the financial statements cornp with the Companies Act 2006. They are also responsible for Safeguarding the assets of the charitable company and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. In so far as the trustees are aware, there 15 no relevant audit infomlation of which the charitable company's auditors are unaware- and the trustee5 have taken all steps that they ought to have tsken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. Page 11
Company Number: 03920152 Charity Number.. 1082274 Millwall Community Trust Report ofthe Dlrectors and Trustees for the Year Ended 31 March 2025 CONCLU510N The Trust is looking forward to working with MFC and LB Lewisham to support the proposals for the redevelopment of the land held by MFC and the Trust. A strong relationship with MFC remains and the Trusvs commitment to deliver high quality Services that en8age, enable and improve the lives of the people of Lewisham. Southwark, Sevenoaks and the wider'millwall Communiv continues to drfve staff. trustees and volunteers In their excellent service to the or8anisation. The Trust faces the challenge of taking community en8a8ement 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 Pa8e 12
Company Number.. 03920152 Charity Number: 1082274 Mlllwall Community Trust Independent Audltorfs Report to the Twstees of Mlllwall Communlty Trust Opinion We have audited the financial Statements of Millwall Community Trust {the'charity'l forthe year ended 31 March 2025, 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 United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and applicable law (United Kingdom Generally Accepted Accounting Practicel. In our opinion the financial 5tatements'. give a true and fairview of the state of the ¢harTrtV'5 affairs as at 31 March 2025 and of its resultsforthe year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Pradice: and have been prepared in accordantr with the requirements ofthe Companie5 Act 2CM)6. Basis fr•r opinion We conduded our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs responsibilitie5 for the audit of the financial ststements section of our report. We are independent of the charty in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we havefulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Condusions relating to goinz Concern 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 appropriate,. or the trustees have not disclosed in the financial statements any identified material uncertainties that may cast signtficant doubt aboLrt the charity's ability to continue to adopt the going concern basis of accounting for a period of at least twefve months from the date when the financial statements are authorised for issue. Other Infomiation 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 information and, except to the extent otherwise explicitly stated in our report. we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatement5, we are required to determine whether there is 3 material misstatement in the financial statements or è material misstatement of the other information. If. based on the work we have performed, we tonclude 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 13
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Independent Auditorfs Report to the Trnstees of Millwall Communlty Trust Opinion on other matters prescrlbed by the Companies Art 2006 In our opinion, based on the work undertaken in the tourse of the audit: the information given in the report of the Directors and Tmstees for the financial year for which the financial statements are prepared is conslstent with the financial statements; and the Trustee's Report has been prepared in accordance with applicable legal requirements. Matters on whith we are requlred to report 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 misstatements in the accoLAnts. We have nothing to report in respert of the following matters where the Companies Act 2006 require5 US to report to you if. in our opinion: adequate accounting records have not been kept, or returns adequate forour audit have not been received from branches not visited by u5: or the financial statements are not in agreement with the accounting records and retums- or certain disclosures of tnjstees remuneration spetified by law are not made,. or we have not received all the information and explanations we require for our audit. Responslbllltles ottrustees As explained more 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 tnjstees are responsible for assessing the tharity's ability to continue as a going concern, disclosing, as applitable. matters related to going concern and using the going concern ba515 of accounting unles5 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 audlt of the financial 5taternents Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misststement. whether due to fraud oreiror. and t0 Issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance wf(h ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individuallv 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 tt> which the audit was consldered capable of detecting irregularitles, including fraud Irregularities. including fraud, are instances of non-complian with laws and regulations. We design procedure5 in line with our responsibilities, outlined above and on the Financial Reporting Council's website. to detert material misstatements in respect of irregularities. including fraud. We obtsin and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understandin& 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 obtsin audit evidence that is 5u)Ticient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. Page 14
Compary Number.. 03920152 Charity Number.. 1082274 Mlllwall Communlty Twst Independent Auditorfs Report to the Trustees of Mlllwall Community Trust In response to the risk of irregularities and non-compliance with laws ond regulations, including fraud, we designed procedures which included: Enqulry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspetted and alleged fraud,. Reviewing minutes of meetings of those charged with governance; Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and in5pettion- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations,. Performing audit work over the risk of management bias and override of controls, including testing of joumal entries and other adjustments for appropriateness. evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Betause of the inherent limitations of an audit, there is a risk that we will not detert all irregularities, including those leadin8 to a material misstatement in the financial ststements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transattion5 refletted in the financial 5tstements, as we will be less likely to become aware of instances of non-compliance. The risk of not detetting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. intentional omi55ions, misrepresentations, or the override of internal control. Use of our report Thi5 report is made solely to the charitable company's trustees, as a body. in accordante with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken 50 that we might State to the charity's trustee5 those matters we are required to stste 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 (Honsl FCA (Senior Statutory Auditor) For and on behalf of Azets Audit Services Limited StatLttory Auditors & Chartered Accountants Ashcombe Court Woolsack Way Godalming Surrey GU7 ILQ 17 December 2025 Page 15
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Communlty Trust Statement of Flnantial Activlties (Includin8 Income and Expenditure Account) For the year ended 31 March 2025 Unrestrlcted Funds Restrlrted Fund$ Totsl Funds 2025 Total Funds 2024 Notes INCOMING RESOURCES Incomlng resoui¢es from tharltable artlvltl Grants, donations and contracts for proJects and artivities 225.033 232.71Xt 457,733 560,079 Sub-total Grants 225,033 232,700 457,733 560,079 Soccer Schools Schools coaching Other fees and income Faclllty hire and other rental income $04,280 iO,Crf 258.870 S04,280 10.000 258,870 279,910 138,893 274,104 Totsl Inrne 998.183 232,7CiI 1,230,883 1,252.986 EXPENDITURE ON: Charftable aclfvltles: Sport and education programmes 1,051.863 160,198 1,212,060 1,195,664 Totsl Expendlture 1.051.863 160,198 1.212.060 1.195.664 NET SURPLUS/(DEFlCln 153.6791 72,502 18.823 57.322 Transfers between funds 14 34.906 134,9061 NET MOVEMENT IN FUNDS {18.7731 37,596 18.823 57.322 TOTAL FUNDS brought forward 743.565 59,848 803,413 803,413 TOTAL FUNDS ¢arrled forward 14 724,792 97,444 822,236 860,735 The Statement of Financlal Activities includes all gains and losses In the year. All income/ lexpendlturel derives from continuin8 activities. The note5 on pa8es 19 to 28 form part of these accounts Page 16
Company Number.. 03920152 Charity Number.. 1082274 Millwall Communlty Trust Balance Sheet as at 31 Marth 2025 Notes 2025 2024 FIXED ASSETS Tangible assets 50,937 43,802 CURREKf ASSErs Debtors Investments Cash at bank and in hand io li 275,096 243,351 476,952 250,915 243,351 493.157 99S,399 987,423 CREDITORS Amounts falling due within one year 12 1166.7771 {170.490} NEf CURRENT (UABILITIES)/A55ETS 828,622 816,933 TOTAL ASSETS LESS CURRENT LIABILMES 879,559 860,735 NET ASSETS 15 879.559 860,735 FUNDS Unrestricted funds General funds 14 830,473 849.246 Total unrestricted funds 830.473 849.246 Restricted funds 14 49.085 11.488 Totsl Funds 879,558 860,734 These Financial Ststements from page5 19 to 28 have been approved by the Board of Directors on 1211212025 and signed on its behalf bv Keith Soper Trustee The notes on pages 19 to 28 form part ofthese accounts Pa8e 17
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Community Trust ststement of Cash Flows For the year ended 31 March 2025 2025 2024 Net movement In funds forthe reportlng perlod 18,823 57,322 Adjustments for.. Depreciation charges Decrease/llncreasel in debtors IDecreasel/lncrease in creditors 6,215 124,1811 13,7131 3.675 1133,7441 30,638 Net eash provlded by {us¢d In) Operati actlvkles 12.8561 142.1091 Cash flows from Investin8 artlvltles: Purchase of plant and equipment 113,3501 {13,179} Net ush provkled by (used in) Investlng artl¥ltles 113,3501 113,1791 Change In cash and cash equlvalent$ in the reportln8 perlod Cash at the be8lnnln8 of the reportln8 perlod 116.2061 493.IS7 {55,2881 548,445 Cash at the end of the reportln8 perl*)d 476,951 493,157 The notes on pages 19 to 28 form part of these accounts Page 18
Company Number: 03920152 Charity Number: 1082274 tdlillwall Communlty Trust Notes to the Financial Statements for the year ended 31 March 2025 ACCOUNTING POLICIES 1.1 ststement of compliance Millwall Community Trust Is a private company limited by 8uarantee, incorporated in Ensland. The registered office 15 The Den. John Bery150n Way. London. The nature of the charity's operations Is set out in the Report to the Trustees. The financial ststements have been prepared in accordance wtth Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Basis of preparation Millwall Community Trust meets the definfcion 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 toncern Trustees have paid particular attention to the impact of COVID-19 on the operations of the Trust and are confident that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. IA Tangible Fixed Assets and Depredation Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to wrFte off the c05t or valuation of fixed assets, less their estimated residual value. over their expected useful lives on the following bases= Computerequipment CCTV 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 15 considered to have three separately identifiable components each of which have different estimated useful lives, as detailed below. All of the parts are depreciated on the straight-line basis. Astroturf Roof Building 10 years 17 years 17 years Voluntary Income Voluntary income is received by wayof donations and gift5 and is included in full in the Statement of Financial Activities when receivable. The value of certain services and facilities provided by MFC and Footballers, Further Education and Vocational Training Society Limited has not been included. Page 19
Company Number.. 03920152 Charity Number: 1082274 Mlllwall Community Trust Notes to the Financial Statements for the year ended 31 March 2025 1.6 Grants Receivable Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Artivities in the year in which they are receivable. The grants are split between different types of incoming resour¢e5 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 è fairer position of the charity in relation to the income and expenditure of the Ball Court. 1.7 Other income recelvable Fee income from so¢¢er schools and schools coachin& tscility and other equipment hire is recognised when theservice is performed. Resource5 Expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure is reported as Part of the expenditure to which it relates: All costs are allocated between the expenditure categories of the Statement of Financial Artivities on a basis designed to reflect the use of the resource. Charitable expenditure comprises those costs inturred by the Charity in the delivery of its activitie5 and services. It includes costs that can be allocated directly to such activities and costs of an indirert nature necessary to support them. Support COSts include other professional fees and charges or credits relating to the Compan5 Value Added Tax partial exemption registration. These costs and credits have been allocated directly to such activities, where possible and otherwise with reference to the proportion of total restricted income to total unrestricted income. Governance costs include those associated with meeting the constitutional and statutory requirements of the Charity which include the audit fees and costs linked to the strategic management of the Charity. Re5trirted Funds Restricted funds are to be spent on specific cost items and monitored by the donor throughout the lile of the grant. Expenditure which meets these crtteria is charged to the fund together with a fair allocation of premises and administration overhead. Staff costs and overhead expenses are allocated to projects and artivities on a fair and reasonable basi5 Within the terms and tonditions of the fundinE 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 Unrestrirted Funds Unrestricted funds are grants, donations and other income received or generated for the objects of the charity. Any surplus from grants received are reinvested towards the charitable aims of the Trust. 1.11 VAT Income and expenditure have been intluded inclusive of VAT where VAT 15 considered to be irrecoverable. 1.12 Debtors Short term debtors are measured at transaction value less any impairment. At each balance sheet date, debtors are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is measured a5 the difference between the carrying amount and the amount experted to be received. Page 20
Company Number. 03920152 Charlty Number: 1082274 Mlllwall Community Trust Notes to the FiTranclal Statements forthe year ended 31 March 2025 1.13 Credltors Short term trade creditors are measured at transaction value. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost using the effective interest method. 1.14 InstMentS Investments are held at cost. 1.15 Key Judgement and Estlmates The onty key judgement and estimate is considered to be the Ball Court depreclation which is detailed in note 1.4 NET OUTGOINGIIINCOMING) RESOURCES FOR THE YEAR 2025 2024 This is stated after charging or {creditin81'. Depreciation of tsngible fixed assets owned by the Charity Amortisation of ball court grant Auditors. remuneration Audit services 6,215 3,675 15,750 12,CKIO OThER INCOME Unrestrkted Restrl¢ted Totsl 2025 Total 2024 Sponsorship income Investment income Other income 50,IJ)O 21,542 67,151 10.000 io,oc io,ofy) io,o)o 138,893 The income received in the year ended 31 March 2024 all related to unrestrirted funds. Page 21
Company Number". 03920152 Charity Number.. 1082274 Mlllwall Communlty Trust Notes to the Financial Statements for the year ended 31 March 2015 GRANTS, DONATIONS AND CONTRAcfs FOR PROJEcf5 AND ACTIVITIES Unrestrlrt•d Restrirted Total 2025 Totals 2024 Active Communities Football League Trust- Core Fundin8 Premier League Kicks Kinder Move & Learn Lewisham Winter Health National Citizenship Service Premier LeagueTrust- Primarystsrs Southwark Neighbourhood Fund Sundry Donations and associated gift aid The Mayors Fund for London Young Londoners Fund Young People Mentorin8 38,500 36,531 221.047 12.190 25,5CNJ 21,816 130,OCKI 12,850 130.000 12.8SO 50.C 50,Ot)O 58.249 166,784 58,249 166.784 30,8SO 36,SlS 148.960 13,750 270 560.079 30,850 225,033 232,700 457,733 Projects and Actlvttles Of the income from projects and activities received in the year ended 31 March 2024, £282.592 was restricted and £277,487 wa5 unrestritted. Page 22
Company Number- 03920152 Charlty Number.. 1082274 Millwall Communlty Trust Notes to the Flnanclal Statements for the year ended 31 March 2025 RESOURCES EXPENDED CHARITABLE EXPENDITURE.. SPORT AND EDUCATION PROGRAMMES Unrestrirted Restrlcted Totsl Totsl 2025 2024 Salaries 575.975 158.309 734,284 731.857 12.444 59.523 26,148 6,952 24.705 136,297 28,396 12,163 3,673 875 Sports equipment and kit Hire of facilities Other project and activity costs Staff training Transport, travel and motor expenses Premises costs Printin& post. Stationery and telephones Computer equipment and sothvare Depreciation Advertising Other expenses Governance Costs (Note 81 Support Costs (Note 71 168.395 1,889 170,284 101,592 24.461 20.263 6,215 2.911 118,479 15,750 17,822 101.592 24.461 20,263 6.215 2,911 118.479 15,750 17,822 76.712 15,CrfJJ 20,074 1,051.863 160,198 1.212,060 1,154.819 Of the costs incurred in the year ended 31 March 2024, £861,038 was unrestricted and £312,W was restricted. RESOURCES EXPENDED CHARITABLE ExpENDvRE. SUPPORT COSTS Unrestrirted Restrkted Totsl Totsl 2024 2025 Professional fees Company Secretary fees and expenses Other expenses 11,038 4,815 1,969 11.038 4,815 1,969 13,399 6,675 17,822 17.822 20.074 The costs incurred in the year ended 31 March 2024 £17.674 was unrestricted and £2.400 was restricted. RESOURCES EXPENDED GOVERNANCE COSTS Unrestrirted Restrlrted Total Total 2025 2024 Audit 15,750 15,750 15,C The costs incurred in the year ended 31 March 2024 all related to unrestricted funds. Page 23
Company Number: 03920152 Charity Number.. 1082274 Millwall CornmunityTrust Notes to the Financial Ststements for the year ended 31 March 2025 STAFF COSTS AND NUMBERS 2025 2024 Staff costs were.. Salaries and wages (including coaching staffj Social security costs Pension costs (defined contribution) 679,060 52.335 10.887 737.130 45,587 9.636 770,438 792,353 Defined contribution pension costs are allocated in line with the associated salaries and wages c05ts incurred within each fund. The average veklY number of employees during the year. calculated on the basis of full-time equivalent was as follows.. 2025 14 io 2024 15 io Core Staff Casual coache5 24 25 The average number of staff employed during the year was as follows: 2025 14 2024 15 42 Core Staff Casual coaches 57 The number of employee5 who earned £60,(KJO per annum or more lincluding taxable benefits but excluding employer pension contributions) during the year was as follow5: 2025 2024 £70,001- £80.000 £80.C(11- £90.0 During the year remuneration of £85,(KJO12024: £85.0001 was paid to Key Personnel. During the year remuneratlon of £Nil12024- £12,000) 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: £Nil} were paid to the Trustees. Various volunteers helped the Trust during the year, assisting with delivery of projetts, administration and general maintenance at the Lions Centre. Page 24
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Communlty Trust Notes to the Flnancial Ststements for the year ended 31 March 2025 TANGIBLE FIXED ASSETS Ball Court extenslon Leasehold Improvements Computer equlpment Flxtures and Ilttin85 system ulpment Total Costs At l April 2024 Additions Disposa15 1,503,771 15.066 4,460 44,647 11.786 56,539 36.914 1,564 1,661,397 13,3SO At 31 March 2025 1,503,771 15.066 4,460 56,433 56,539 38,478 1.674.747 Depreciatlon At l April 2024 Char8e for the year 1,503.771 15.066 4,460 42,777 29,389 22,132 1,617.595 1.18S 2,715 2,315 6,215 Disposals At 31 March 2025 1.503,771 15.066 4,460 43,962 32.104 24.447 1,623,810 Net Book Value At 31 March 2025 12,471 24.435 14,031 50,937 At 31 March 2024 1,870 27,150 14,782 43,802 All tanglble fixed assets are owned by the charlty and are used direttly for charltable purposes. Millwall Community Trust has a 25 year lease with the London Borough of Lewisham to occupy the Lions Centre at a peppercom rent. The lease explres on 19 November 2029. Page 25
Company Number: 03920152 Charlty Number.. 1082274 Millwall Communlty Trust Notes to the Flnan¢l•l Ststements forthe year ended 31 Marth 2025 io. DEBTORS 2025 2024 Grants and income receivable Other taxes and social security Prepayments and accrued income 147,145 14,285 113.666 238,103 12,812 275.096 250,915 ii. INVESTMENTS 2025 2024 Investments 243.351 243,351 243.351 243.351 12. CREOITORS (AMOUNTS FAWNG DUE WITHIN ONE YEAR) 2025 2024 Trade creditors Other tsxes and social security Accruals and deferred income IOS.073 16,876 44,828 166.777 78,878 14.027 77,585 170,490 13. OPERATING LEASE COMMITMENTS The total of future minimum lease payments is as follows.. 2025 2024 Not later than one year Between two and tive years 6,773 6,175 3,227 Page 26
Company Number.. 03920152 Charty Number: 1082274 Millwall Community Trnst Notes to the Financial Ststements for the year ended 31 March 2025 14. MOVEMENT IN FUNDS Transfers Between Funds l April 2024 31 March 2025 Incomln8 Outgoing Restricted funds Divert Programme IMPS) Premier League Kicks Kinder Move & Learn Lewisham Youth Service Premier League Primary Stars Riverside Southwark Council Youth & Play Southwark Neighboufhood Fund Young Londoners Fund Sub-total Restrirted funds 1,397 1105.4061 27,385 44,033 22,848 19,850 7,573 6,312 112,5041 11,488 1.397 1106,280) 31,982 44,033 22.850 19.850 7.573 13,962 13,718 130,000 12,850 1111,3741 16,3251 119.5001 11.928) 142.4981 175001 {1,3501 14,628) 134,9061 30,850 232,700 1160,1971 49,085 General funds 849,246 998.183 11,051,863} 34.906 830,473 Totsl restricted and unrestricted funds 860,734 1,230.883 11,212,060) 879,558 Divert Programme IMPS): DIVERT is a Metropolitan Police Service intervention programme aimed to reduce reoffending. Premier League Klcks: A sports activity programme for 12 to 19 year olds in partnership with the Metropolitan Police, The FA. the Premier & Football League. The basis is intensive provision in a geographical area highlighted as a -hot 5pof for vouth crime. The funding pattern for this project runs to the 31 August whith doe5 not aliEn 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 activity- Lewlsham Youth Service.. Annual funding application for specific youth activities based around inclusion and education. Premier League Primary Stars: Primary schools coaching and education programme. Riverslde: Riverside is a Youth centre in Deptford, that is being regenerated at a cost of £1.4 million. in partnership with M. youth first, and Lewisham Council. Funding for the project is from Football foundation. Southwark Councll Youth arml Play.. A grant from the London Borou8h of Southwark toward5 the Millwall Kicks programme on the housing estates in Southwark Southwark NeIgh1u1h0tsd Fund.. The fund is a local councillors fund to support programmes in the Southwark area only, MCT use thi5 fund to match fund the KICKS programme in the local area Young Londoners Fund: The fund is GLA /London Mayors officer. to SUPPOrt and create positive activities for young people in the London Boroughs, MCT use the funding for match fund for KICKS and activities around anti social behaviour, crime redurtion. The total balance of £11,488 on Restrirted Funds is to be carried fOard into 2024125 to be spent on the respertive projects. The transfer to unrestricted funds represents the net amounts charged to these projects and attivities 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 charitv. Page 27
Company Number: 03920152 Charity Number.. 1082274 Mlllwall Comrnunlty Trust Notes to the Financlal Statements for the year ended 31 March 2025 15. ANALYSIS OF NET ASSETS BEnVEEN FUNDS Unrestricted fvnd$ Restrlded funds Total Funds Tangible fixed assets Net cufnt Iliabilitiesllassets 50.937 779,S37 50,937 828.622 49,085 Net assets at 31 March 2025 830.474 49,085 879,559 16 COKfROLLING PARTY The charity is controlled by the Trustees and Dirertors of Millwall Community Trust. 17. RELATED PARTYTRANSACTIONS There were no related party transactk*ns during the year. Page 28