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 CornmunltyTn￿t
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
pro￿551ng 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, Se￿ing 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 servi￿5 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 Succe￿￿1 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 hea￿hler 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,.
ObSe￿e 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 In￿rne
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 Compan￿5 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 In￿stMentS
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 ExpEND￿vRE. 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 v￿eklY 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 NeIgh1￿u1h0tsd 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 fO￿ard 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 cuf￿nt 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