2022-06-30-accounts - Milton Keynes Dons Football Club Sports & Education Trust

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			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
Income and Expenditure
INCOME:
Donations and legacies		3	309,980		309,980	219,115
Income from charitable activities			820,735	243,771	1,064,506	724,619
Other income			4,344		4,344	113,115
Total Income			1,135,059	243,771	1,378,830	1,056,849
EXPENDITURE:
Expenditure on charitable
activities		6	1,043,415	249,935	1,293,350	871,141
Total Expenditure			1,043,415	249,935	1,293,350	871,141
Net Income/(expenditure)			91,644	(8,164)	85,480	185,708
Transfers between	funds
Net movement in	funds		91,644	(6,164)	85,480	185,708
Reconciliation cf	funds
Total funds brought	forward		273,215	17,313	290,528	104,820
Total funds forward	carried		364,859	'I 11,149	378,008	290,528

							Notes	2022	2021
								6	6
Cash (used by)/generated activities				from operating			18	(66,716)	166,051
Cash flows from/(used in)				investing	activities
Purchase	oftangible	fixed	assets
Net cash from/(used		in)	investing activities
Cash provided by/(used			In) financing		activities
Invsslmenl	income
Net cash	provided	by/(used		in) financing
activities
(Decrease)/Increase in the year		in cash		and cash	equivalents			(66,716)	166,051
Cash and	cash equivalents		at the beginning			ofthe		375,389	209,338
year
Cash and	cash equivalents			at the end of		the		308,673	375,389
year

				Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
MK Done Limited				203,986		203,986	135,016
Other				105,994		105,994	84,099
				309980		309,980	219,115
Income	from charitable		activities
				Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
Central &	Business Development			35,000		35,000	80,564
Education	& Inclusion			335,991	141,674	477,665	254,41 0
Football &Community		Development		344,188	102,097	446,285	253,583
NCS				105,556		105,556	136,062
				820,735	243,771	1,064,506	724,619

						Unrestricted Funds	Restricted Funds	Total 2022	Total 2021
Job Retention	Scheme	Funding				4,344		4,344	113,115
						4,344		4,344	113,115
. Analysis of	expenditure		on	charitable		activities
						Unrestricted	Restricted
						Funds	Funds	Total 2022	Total 2021
						5	6	f
Central & Business Development						274,166		274,166	157,160
Education &	Inclusion					263,308	142,157	405,465	190,871
Football & Community		Development				379,503	107,778	487,281	330,558
NCS						1,521		1,521	5,315
Other Operational Costs						21,990		21,990	6,605
Depreciation						2,800		2,800	2,800
Bank Charges						3,914		3,914	5,979
Support Costs (see note			8)			92,373		92,373	'I65,853
Governance Costs (see			note	8)		3,840		3,840	6,000
						1,043,415	249,935	1,293,350	871,141
Net income	/ (expenditure)			for	the year
his Is stated	after charging:							2022	2021
								8	f
epreciation								2,800	2,800
uditor's remuneration:
Audit ofCompany's					Financial	Statements		6,048	5,760

		General	Governance
		Support	Function	Total	Basis ofapportionment
		E	E
Salaries, wages, and	related costs	79,809		79,809	Allocation oftime & Invoiced amounts
General office		4,686		4,686	Invoiced amounts
Travel expenditure		7,878		7,878	Invoiced amounts
Audit and accountancy	fees		3,840	3,840	Governance
		92,373	3,840	96,213

	2022	2021
	E	E
Salaries and wages	698,460	560,062
Social security costs	36,605	34,892
Pension costs	33,299	12,744
	767,364	607,698

			2022	2021
			Number	Number
Full time employees			16	23
Part time employees			52	33
			68	56
The split between	support,	delivery staff and kickstart apprenctices	was as follows:
			2022	2021
			Number	Number
Support			5	5
Delivery Staff			53	48
Kickstarl			10	3
Apprentices
			68	56

11,Tangibie fixed assets
	Plant & Machinery	Office Equipment	Motor Vehicles	Total
Cost
As at 1 July 2021	70,099	33,448	90,762	194,309
Additions
Disposals	9580	33,448	22 337	65,365
As at 30June 2022	60519		68,425	128944
Accumulated depreciation
As al 1 July 2021	66,599	33,448	90,762	190,809
Charge	2,800			2,800
On disposals	9,580	33448	22,337	65365
As at 30June 2022	59819		68,425	128,244
Net Sook Value
As at 30June 2022	700			?00
As at 30June 2021	3,500			3,500

12,Debtors
			2022	2021
			f	8
Trade Debtors			137,552	27,094
Prepayments	and other debtors		92,112	48,041
Accrued Income			59,242	102,897
			288,906	'I78,032
13.Creditors: amounts		falling due within one year
			2022	2021
				6
Trade Creditors			29,204	16,388
Taxation and	Social	Security	9,482	9,915
Accruals			20,976	33,345
Deferred Income			128,096	198,421
Other Creditors			13,404	8,323
			201,161	266,393

				2022	2021
				8	6
Balance	as at 1 July			198,421	64,565
Amounts activities	released	to income earned	from charitable	(198,421)	(64,565)
Amounts	deferred	in year		128,096	198,421
Balance	as at 30	June		128,096	198,421

		Balance at				Balance at
		1 July 2021	Income	Expenditure	Transfers	30June 2022
General funds		268,215	1,135,059	(1,043,415)	(34,175)	325,684
Designated	funds	5,000			34,175	39,175
Total		273,215	1,135,059	(1,043,415)		364,859

			Balance at				Balance at
			1 July 2020	Income	Expenditure	Transfers	30 June 2021
General	funds		94,778	890,136	(716,699)		268,215
Designated		funds	5,000				5,000
Total			99,778	890,136	(716,699)		273,215

nalysis ofmovements	in restricted fu	nds
	Balance				Balance
	at				at
	1 July 2021	Income	Expenditure	Transfers	30June 2022
	6		6		6
PL Primary Stars Fund	1,294	50,903	(50,897)		1,300
PL Kicks Fund	4,721	40,000	(40,489)		4,232
FA Girls' Regional Talent Club	11,298	53,386	(59,067)		5,617
Women's Euro 2022 Legacy		48,711	(48,711)
Divert		31,772	(31,772)
Armed Forces Covenant		19,000	(19,000)
Total	17,313	243,772	(249,936)		11,149

nalysis ofmovements	in restricted fu	nds - previous y	ear
	Balance				Balance
	at				at
	1 July 2020	Income	Expenditure	Transfers	30June 2021
	6				6
PL Primary Stars Fund	1,662	42,175	(42,543)		1,294
PL Kicks Fund	749	40,000	(36,028)		4,721
FA Girls' Regional Talent Club	2,631	63,308	(54,641)		11,298
Women's Euro 2022 Legacy		7,376	(7,376)
Divert		13,854	(13,854)
Total	5,042	166,713	(154,442)		17,313

16.	Analysis ofcharitable	Analysis ofcharitable	Analysis ofcharitable	Analysis ofcharitable	funds (continued)
Name	ofrestricted			fund	Description, nature and purposes ofthe fund
PL Primary Stars Fund					During the year the Charity received 640,000as funding from the Premier
					League, along with 610,903from schools to run specific sessions, lowards
					the PL Primary Stars 2019-2022 project. The project uses the appeal of
					the Premier League and professional football clubs to inspire children to
					learn, be active and develop important life skills.
PL Kicks		Fund			During the year the Charity received f40,000as funding towards the PL
					Kicks project. The project is the Premier League's flagship community
					programme which uses the power offootball and sport Io inspire young
					people In some ofthe most high-need areas in England and Wales.
FA Girls'		Regional Talent Club			During the period Ihe Chadity received 640,000 of grant funding,
					supplemented by subscription fees and sponsorship, in order to promote
					the participation and development of Girl's football through the Football
					Associations' Girls' Centre ofExcellence programme.
Women's		Recreational			During the year the Charity was given a further f59,000 of funding for
Football Participation					hosting development ofWomen's Recreational Football activities as part
					of the legacy funding for IJEFA Women's European Championships (of
					which some games are being held at Stadium MK in July 2022). The
					income recognised to date covers the salary of the dedicated staff
					members and direct expenditure on the project with the remaining balance
					of the funds received sitting within Deferred income at year end to be
					released in future years in line with programmes delivered.
DIVERT with Thames				Valley	During the year the Charity was given a further f8,625 from Thames
Police					Valley Police to extend the DIVERT programme to March 2022. This is is
					an intervention programme to reduce re-offending. It is delivered in police custody suites and aims to divan young adults aged 18-25 years away
					from crime.
Armed	Forces Covenant				During the year the Charily received f19,000 offunding from The Armed
					Forces Covenant Fund Trust. This funding was to enable the Charity to
					run projects to engage veterans of armed forces offering them, and their
					families, spaces to connect with others with a common purpose.
7. Analysis of net assets between funds
Analysis	ofnet asset			movements	between
funds
					Fixed Assets Current Assets Provisions Current Liabilities	Total 2022
Restricted		funds			11,149	11,149
General unrestricted			funds		700 586,430 (201,161) (21,110)	364,859
Total					700 597,579 (201 161) 21 110	376008

Analysis	of net asset movements	of net asset movements	between funds	- previous	year
			Fixed Assets	Current	Assets	Current Llabrhtres	Total 2021
Restricted funds					17,313		17,313
General	unrestricted	funds	3,500		536,108	(266,393)	273,215
Total			3,500		553,421	(266,393)	290,528

			2022	2021
			E	E
Net movemenl in funds			85,480	185,708
Add back	depreciation	charge	2,800	2,800
Increase	in debtors		(110,874)	(42,124)
(Decrease) Iincrease		in creditors	(44,122)	19,667
			(66,716)	166,061

21. Comparative Statement	of Financial
		Unrestricted	Restricted	Total
		Funds	Funds	2021
Income and Expenditure
INCOME:
Donations and legacies		207,015	12,100	219,115
Income from charitable activities		570,006	154,613	724,619
Income from other trading	activities
Other income		113,115		113,115
Total income		890,136	166,713	1,056,849
EXPENDITURE:
Costs of raising funds
Expenditure on charitable	activities	716,699	154,442	871,141
Total Expenditure		716,699	154,442	871,141
Net income/(expenditure)		1'73,437	12,271	185,708
Transfer between funds
Net movement In funds		173,437	12,271	185,708
Reconciliation offunds
Total funds brought forward		99,778	5,042	104,820
Total funds carried forward		273,215	17,313	290,528