Trustee Report for Midway Football Club for the fnancial year ending 30th June 2025.
CHARITY NAME: Midway Football Club (MFC)
CHARITY NUMBER: 1004015
REGISTERED ADDRESS: 1 Saltersford Farm Cottages, Measham Road, Acresford, Swadlincote, DE12 8AH
TRUSTEES: James Baillie, Ian Davies, Kara McFarlane, Daren Trotter
STRUCTURE
MFC has a management committee comprising of the key officials (Chair, Secretary, Treasurer and Welfare Officer) with team managers also invited to attend.
At each annual AGM all key official roles are voted into post by the Members of the Club.
Managers are invited onto the committee upon commencement of their role within the teams within the Club.
Quarterly management meetings are held with financial reports distributed to all Trustees.
New Trustees are invited to join the Club upon the resignation of a current incumbent. These vacancies would be advertised within the membership but are not restricted solely to these individuals.
ACTIVITES AND OBJECTIVES
MFC exists to provide football activities for all, regardless of background or ability. We want to ensure that we provide a safe environment for our members to enjoy their activities.
ACHIEVEMENTS AND PERFORMANCE
In the past year MFC secured a long-term lease on a facility that we were able to develop for Club and community use. We have removed an old shed being used for changing in the past and replaced this with a series of purpose-built containers for changing and storage. These have been linked to the utilities to bring electric, water and sewerage to the facilities.
Development on the pitches commenced in July and enabled the Club to move their football activities to the new venue from November 2024 onwards. Work continues to improve these pitches, but this has now enabled us to remove pitch hire costs from the Club expenditure going forward.
A number of grants were secured to help with this development as well as an increase in fundraising and sponsorships.
FINANCIAL OVERVIEW
This financial year saw a major increase in both the income and expenditure of MFC. This was mainly due to the achievement of securing grants and spending these on the containers and machinery that now form part of the Club's assets.
Whilst funds were saved on the removal of venue hire there were expenditures that did arise. Insurance, utility costs and machinery costs were new expenditures but do total to less than the previous hire costs.
Due to the ownership of a permanent base there was increase in sponsorship income with advertising space being sold to local companies.
Membership fees and subscriptions were not increased.
Two new teams joined the Club at the end of this financial year so will start to form part of the positive forecast for the next period.
The Club ended the year with a slight profit of £113.03. This provided a closing balance of £6,713.43.
An outstanding loan of £1,200 is scheduled to be paid the week after the financial year end.
Assets at the start of this financial period totalled £0 whilst the Club now hold assets totalling £55,563.
FUNDS HELD AS CUSTODIAN TRUSTEES
No funds are held by the Trustees.
All funds are secured within a Virgin Money account in the Club's name with access only being granted to the Chair and Treasurer.