OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-08-31-accounts

MANSFIELD TOWN

FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Trustees’

Report and Financial Statements For the year ended 31 August 2023 Independently Examined

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Report and Financial Statements— independently Examined.

For the year ended 31 August 2023

CONTENTS

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Trustees‘and|their|AdViSOtS sicescsssennnncaamamsniemenRR SAR|aS.| |Reportof the:|Trustees|incense|csor|encase|urconznnsaen earnannimsapnennimaNTTRENNER|RNTECORTRERIED| |Independent|Examiner's|Report..........cccsscsccsscscssrereescsecssecseescsersnssacseseaseesesssenessesnsesecsssnessecsuereesneenesesseserssacesssasenel.| |Statement|of Financial|Activities|<ssicicacccicccacaiscavcadeaes|tees|seeds osscdtieainantvnsvay ceuesccatisadicasasdedaaasesvadasiarsoadsaaeeasseveventaeipetsa| |Balance:|Shee|birisc|sass|ssssisexnxecersnssnsaxeves sonurenemsxssssenccun|s|esaaineusnnmamavecsane|n|enpnaepsoanenasciaasmuemcareeessmanemesascser'cryannesoussuesO| |ACCOUNKING|POliCIOS|«0...|ee eesesseseneesesssersnaesenececeneesaneacessenensesstsasseesesersseteneesnsesresestestsenessetsesesssecatesserssoreseasesseesaeTD| |Notes|to|the|Financial|Statementswissisicsiisinccnnusicnneanrninaincnriia itiatininntiiemneiacnnmiwiaieninia|lS|

----- End of picture text -----

1

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Trustees and theirAdvisors
Fortheyearended 31 August2023
TRUSTEES: AndrewSaunders(Chairman)
Jon Hodgkinson
Paul Brown
Alex Sherriff
Appointed 06/08/2023
Elspeth Wilkins-
Campbell
Appointed 04/08/2023
SECRETARY BemardWale
HEAD of
Community
ClubOrganisation
(CCO)
PRINCIPAL
OFFICE:		 CommunityRoom
OneCallStadium
QuarryLane
Mansfield
Nottinghamshire
NG185DA
REGISTERED
OFFICE:		 FoxCottage
11 MainStreet
Newthorpe
Nottingham
NG162EX
COMPANYREGISTRATION NUMBER: 6538187
CHARITYREGISTRATION NUMBER: 1124621
BANKERS: Lloyds
1-3Church Street
Mansfield
Nottinghamshire
NG181AF

2

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Report of the Trustees For the year ended 31 August 2023

The trustees present their report and financial statements for the year ended 31 August 2023

The trustees, who are also directors for the purposes of company law, who served during the year and up to the date of this report are set out on page 1 of this report.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Mansfield Town Football in the Community Limited is a charitable company limited by guarantee incorporated 18 March 2008 and is registered as a charity with the Charity Commission, registration number 1124621. Its memorandum and articles of association adopted on 20 March 2008 under company registration number 6538187 govern its affairs.

The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1 each. The memorandum of association restricts the use of the company's income and property, such that they must be applied solely towards the objects of the company and specifically disallows the payment of dividends, bonus, or profits to the members.

Tax Status

The company which is a registered charity is exempt from corporation tax and income tax and is classed as a Club Community Organisation (CCO)

Trustees

The Board of Trustees, which also acts as a management committee, is responsible for the overall governance of the charity. The trustees are also directors of the company. Trustees are either elected on the recommendation of fellow trustees or co-opted and the minimum number of trustees is three with no current maximum. One third of trustees shall retire at each annual meeting along with all newly appointed trustees. At this year’s annual meeting the following trustees will retire and will be seeking re-election:

Andrew Saunders

An extremely effective working partnership between the trustees and the management team in partnership with the Mansfield Town and the EFL Trust is one of the main contributing factors in the ongoing development and success of this company. To ensure that the trustees’ roles are carried out effectively, each has a folio of interests within MTFitC, which requires them to have an understanding and a responsibility for specific areas of activity within the work of the charity. Trustees are required to meet at least four times each year including an Annual Meeting at which the trustees review overall strategy, set operating plans and budgets, and review the ongoing operational and investment performance of the charity. All new trustees receive an induction pack containing all the relevant information regarding the structure, legalities and operational running of the charity and its work for effective and informed decision making. Trustee training sessions are held at least once per year for the whole board incorporating strategic reviews; other sessions are arranged as necessary for any other specific purposes.

The board delegates the exercise of certain powers and responsibilities relating to the daily management and administration of the charity to its Company Secretary and the Management team who work very closely in the daily operations of the Charity. These powers are controlled by the need for regular reporting back to the main board in order that any decisions made under delegated powers can be ratified by the full board.

3

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Report of the Trustees For the year ended 31 August 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC

BENEFIT

The principal object of the company is to further and assist in the education and wellbeing (on both a social and physical basis) of children and adults within Mansfield and its surrounding area, without reference to their age, gender, gender reassignment, marital status, nationality, ethnic origin, colour, religion or belief ability or disability and social class, through the use and power of football and other sporting and recreational activities as educational tools and in furtherance of that object to provide within Mansfield and its surrounding area appropriate facilities for meetings, activities and classes for the benefit of such children so that they might grow to maturity as individuals and members of society and that their conditions of life may be improved.

ACHIEVEMENTS AND PERFORMANCE

The company which was formed in March 2008 following the disbandment of the former National Football in the Community scheme has continued its vital role of maintaining existing very close relationships with local schools and businesses and continues to offer vital support for the raising of educational and physical training standards within the Mansfield area and its surrounds.

Additional grant funding was obtained which enabled our activities to continue and expand. Work is also being carried out to secure further funding for the ongoing delivery of existing and new courses and training over the coming years.

The company has grown year on year and the decision was taken after Marks resignation to take time to look at the whole business and implement significant changes in order it could be flexible and adapt to the current climate of its users and Staff. This was to maximise its benefits to the users but also to allow a growth strategy that the trustees have put in place to build a growing and sustainable company which would allow us to continue and develop existing projects but also bring in new projects which would reflect the current times and community we are involved in.

During this financial year the charity continue to review its activities and the trustees will be seeking to adopt an ongoing revised strategic plan for further expansion of the company’s activities as mentioned above

Principal Funding sources

The principal sources of funding during the year have been: - self generating income from courses and activities, grants from the Premier League Charitable Trust, EFL Trust, PF National Lottery and the LFE Education Fund.

FINANCIAL REVIEW

The company had net income for the year of £388164 including grant income of £56244 for support of its 2022- 2023 year of activities. Charitable expenditure amounted to £406336 (there was no capital expenditure) whilst governance costs were. £3558

Review of the Year

With the new reporting year underway MTFC Football in the Community rebranded to Mansfield Town Community Trust after the Covid-19 pandemic to reflect the more diverse range of programmes, activities, and projects that we delivered and are continuing to deliver and grow.

4

After the unprecedented period of the pandemic, the trust experienced significant change in respect to trustees, senior management, and staff. A full review of the trust operations and structure by remaining trustees and staff was undertaken and implemented. Allowing us to be fit for purpose for the EFL, EFL Trust, Premier League Charitable fund and all stakeholders, inclusive of trustees, staff, and our service users. This has been undertaken over the last 12 months with the appointment of new trustees, new staff. To deliver a wider range of activities and support to incorporate the changes and needs of our community which reflects all ages, gender, ability, and social needs.

We have maintained our existing projects and activities; Premier League Primary Stars, Premier League Kicks, CEFA, parties, Saturday clubs, over 45’s Walking Football, Penalty Shoots Out/Social Actions, holiday clubs and trips, and match day activities which included flag bearing and the Mascot programme.

With the current economic and social climate that the UK found itself in with the after effect still being seen re the pandemic but also the diverse and economic situation Mansfield has found itself in whilst running all our existing projects we have had to adapt, diversify these to maintain existing participants but also attract new participants. We have worked hard on our Mental Health and Wellbeing offering with support from the EFL Trust as well as being successful in a 5-year bid from the National Lottery to run and grow this project.

Our education programme has seen a period of change and growth, whilst we must ensure we meet a minimum participant of students we have seen a successful transition from Student to an Apprenticeship with the business and, we are currently looking at being able to provide the Degree course for our year 13 to move into on Sept 24 The aim of the trustee board is to continue to grow the business in a sustainable manor which ensures that what is delivered is fit for purpose, funded correctly, and benefits the staff, community, and all its participants which reflects all ages, gender, ability, and social needs.

FINANCIAL REVIEW (continued)

The stated activities and projects covered ranges which incorporated education, sports participation, social inclusion and improved health and wellbeing.

Free Reserves

Free reserves available for use by the charity are deemed to be those that are readily realisable, less funds whose uses are restricted or designated for purposes. The calculation thus excludes fixed assets that will continue to be used in the day-to-day running of the charity.

Risk Management

The trustees and Management team have over the past twelve months continued to conduct a review of the major risks to which the charity is exposed. Where appropriate, systems or procedures have been established to mitigate any risks the charity faces. Internal control risks are being minimised by the implementation of procedures for the authorisation of all transactions and projects. in the light of the pandemic new risks were realised therefore the use of resources available i.e. the Govemments JRS scheme and the attainment of funding/grants, along with adapting the way of engaging and delivering activities and programs to meet funders and participants needs, has been and will be in the future paramount in keeping the Charity sustainable.

Procedures are in place to ensure compliance with the health and safety of staff, volunteers, clients, and visitors to our operational centre. These procedures are regularly reviewed to ensure that they continue to meet the needs of both regulations and the company. DBS checks are canied out on all staff, trustees, and volunteers.

Reserves Policy

As a matter of policy, each year the trustees will review the value of the reserves required to be held in investments, cash or cash equivalents not restricted to any particular purpose. The board considers the charity's exposure to the risk of any significant loss of income, and to the rise of unforeseen expenditure, which cannot be mitigated by executive action, and the degree of risk ascribed to each such event is assessed.

With income, the major risk is that of a decline in funding sources for school activities and maintaining adequate income from training and school holiday courses.

Budgetary and financial controls continue to be improved to reduce the risk of over-expenditure and to mitigate the effect of a drop in income in any one financial year. It is not the company’s policy to embark on any maior initiative without having adequate funding and resources in place.

5

PLANS FOR FUTURE PERIODS

Our future strategic plans will revolve around:

To become a highly impactful and trusted organisation.

Representing the Mansfield Town Football Club brand, we want to ensure that all staff, trustees & volunteers are striving to give the best possible experience and opportunities to those in our communities. As a trust, our focus is on developing all aspects of the organisation to ensure delivery and support is of the highest standards.

Promote physical and mental wellbeing through our work.

Our projects and programmes are all aligned with promoting physical and mental wellbeing for all in our communities. We encourage and support communities with living an active and healthier lifestyle to promote and improve physical and mental wellbeing through the delivery of our programmes and projects.

To make a difference to those in our community.

Trust's aims are to makea difference to everyone that takes part in any activity, project, programme that we deliver. We want all our projects and programmes to have a positive and meaningful impact on everyone involved. Our aim is to support as many people in our communities as possible.

Provide unique experiences.

As an organisation, we provide experiences that impact and inspire individuals. We strive to delivera _ distinctive and inspirational opportunity that caters to all members of our communities. Through our projects and programmes, we provide experiences and opportunities to our communities which are unique to Mansfield Town Football Club

The ongoing active support and backing from Mansfield Town Football Club is very much appreciated by the board and steps are being taken to ensure that this goes from strength to strength whilst also ensuring collaboration in activities and representing the club in the community.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by the board on 23% May 2024

and signed on its behalf by

Cs,= Andrew Saunders Director and Chairman

6

Independent Examiner’s Report on the unaudited Financial Statements of Mansfield Town Football in the Community

We report to the trustees on our examination of the accounts for Mansfield Town Football in the Community for the year ended 31 August 2023.

RESPECTIVE RESPONSIBILITES OF THE TRUSTEES

As the charity's trustees (you are also directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (The 2011 Act)

BASIS OF THE INDEPENDENT EXAMINER'S REPORT

We report in respect of our examination of the charity's accounts carried out under section 145 of the 2011 Act: and in carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

INDEPENDENT EXAMINER'S STATEMENT

We have completed our examination. We confirm that no material matters have come to our attention in connection. with the examination which gives us cause to believe that in, any material respect: -

We have no concerns and have come across no other matters in connection with the examination to which attention. should be drawn in this report to enable a proper understanding of the accounts to be reached.

Archway Management Services Fox Cottage, 11 Main Street Newthorpe NG16 2EX

7

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee)

Statement of Financial Activities (including summary income and expenditure account) - Unaudited For the year ended 31 August 2023

Incoming Resources Notes Unrestricted Restricted 2023 2022
Funds Funds Total Total
Incoming resourcesfrom charitable
activities
Courses&activities53597 53597 23521 96144.08 96144.08 53597
Interest receivable 758.27 758.27 19
Community Schemes
Football League 36780.00 36780 51758
Afterschools 9095.00 9095 15496
PenaltyShootouts 23717.00 23717 16607
Primaryschoolincome 11856.20 11856.2
LFE Futsal 55987.00 55987 76596
HAF 23635.00 23635
Lottery 9610.50 9610.5
PLStars 40000.00 40000 40000
PL KICKS 35000.00 35000 20000
General
M DC Grants/Programmes 22999.00 22999 28606
Sponsorship/donations 3763.45 3763.45 4179
Miscellaneous 0 3086
WalkingFootball 1789.52 1789.52 2119
other 223.08 223.08 0
Apprentices 500.00 500 360
Femaie Football 787.85 787.85 0
Parties 5433.30 5433.3 4984
School Contrib./DinnerClub 6915.00 6915 16219
St Peters 0 2433
Schools KitContribution 3169.54 3169.54 907
200932.29 187231.5 388163.79 336966
RESOURCES EXPENDED
Charitable activities 1 220425 182352 406336 336966
Governance Costs 2 3558 3558 1100
Total resourcesexpended 223983 182352 406335 335071
Netincoming/(outgoing)resources -18172 Nil -18172 1894

8

For the year

Net movement in funds - -18172 1894
TOTAL FUNDSB/FWD 1 SEPT2022 133498 - 133498 131604
TOTALFUNDSC/FWD31AUG2023 115326 ” 115326 133498

9

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

----- Start of picture text -----
(A company limited by guarantee)
Balance Sheet - Unaudited
As of 31 August 2023
Notes Unrestricted Restricted 2023 2022
Funds Funds Total Total
£ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debiors 4 3500 - 3500 2184
Cash and bank accounts 26055 96000 122055 140227
29555 96000 425555 142411
CURRENT LIABILITIES 5 5198 - 5198 8913
NET CURRENT ASSETS/LIABILITIES 24357 96000 120357 133498
NETASSETS 24357 96000 120357 133498
ACCUMULATED FUNDS 6 24357 96000 120357 _133498
----- End of picture text -----

In approving these financial statements as trustees of the charitable company we hereby confirm: -

  1. that for the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2006.

2 that no notice has been deposited at the registered office of the charitable company pursuant to Section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 August 2020; and

These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)

These financial statements were approved by the board of trustees 23% May 2024

----- Start of picture text -----
i
----- End of picture text -----

----- Start of picture text -----
Signed on behalf of the trustees.
----- End of picture text -----

Andrew Saunders Chairman and Director

10

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Accounting Policies - Unaudited For the year ended 31 August 2023

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. These accounting policies have been applied consistently throughout this period and the preceding year.

1.1 BASIS OF ACCOUNTING

These financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in March 2005 (SORP 2005) and the Companies Act 2006.

1.2 FUND ACCOUNTING

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company.

Income received for specific projects is allocated to a restricted fund. All other income is held as part of the general fund which is held for spending at the discretion of the trustees and the head of the CCO.

1.3 INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: -

Voluntary income is received by way of grants, donations and gifts and is included in the statement of financial activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

investment income is included when receivable.

Incoming resources from grants, related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.

1.4 RESOURCES EXPENDED

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates:

11

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Accounting Policies - Unaudited For the year ended 31 August 2023

2. DEPRECIATION

The Charity does not currently own any assets but if this occurs in the future the trustees have agreed that depreciation will be calculated so that assets are written down to their residual value over their anticipated useful working lives. Depreciation will be provided using the straight-line basis at the following rates:

Office equipment - 25% Furniture and fittings - 25%

Only individual assets costing more than £500 are capitalised and valued at historic cost.

  1. INCOMING RESOURCES FOR CHARITABLE ACTIVITIES
Unrestricted Restricted Total
Schools~PL Stars - - -
PrimaryLeague Kicks - 35000 35000
PrimaryStars
PrimaryStars -Lunchtime		 -
20951		 40000 40000
20951
20951 25000 95951

5 Unrestricted funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

© Restricted funds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised. for restricted purposes.

12

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee)

Notes to the Financial Statements - Unaudited For the year ended 31 August 2023

1.

1.
CharitableActivities - 1 dares Restricted 2023Total 2022Total
Direct Costs
Ground Tours/Trips 0
Mansfield Town Venue Hire Inc Office 25106.50 25106,.50
Course Costs 607.70 607.70 995
Equipment 33645.61 3600.00 33645.61 6624
Cefa Fees 925.00 925.00
HAF Expenditure 8850.21 8850.21
Active Minds 256.70 256.70
Advertising/ Print/Stationery 3508.68 3508.68 2095
Kit Mascots Cefa Staff 7602.62 7602.62 4930
Support Costs
Staffcosts 106300.50 165000 271300,50 250539
Pension 11020.10 11020.10 9528
Telephone/internet 1193.38 1193.38 2255
software 4695.63 4695.63 0
Hospitality MTFC Tickets 2270.00 2270.00 0
Van Finance 1661.40 1661.40 0
Insurances 1581.60 1581.60 2418
Travel expenses 3714.51 3714.51 21683
General Rates 539.00 539.00 694.
Professional Fees 3187.94 3187.94 1314
Training 4936.84 1000 5936.84 3697
Donations 113.25 113.25 96
Accountancy -Governance 3558.00 3558.00 3987
OtherExpenses 0.00 0.00 3705
Cleaning & catering 700.08 700.08
Repairs & Maint. Prop. 1478.43 1478.43 3140
Bursaries - 5320.00 5320.00 8170
Casuel! coaches and consultants 6099.96 1000 7099.96 7827
Bank/Card Charges 348.54 348,54 1260
Ofsted Fee 114.00 114.00 114
0.00
220384 185952 406336 335071

Cost allocation includes an element of judgement, and the charity has had to consider the cost benefit of all detailed calculations and record keeping. To ensure full cost recovery on projects the charity adopts a policy of allocating costs to the respective cost headings through the year.

13

----- Start of picture text -----
2 Governance Costs
Unrestricted Restricted
Funds Funds 2023 Total 2022 Total
Direct costs:
Accountancy
. 3558 3558 3987
3558 3558 3987
NET OUTGOING/INCOMING RESOURCES 2023 2022
This is stated after charging:
Accountants Fee
Other work 3558 3987
----- End of picture text -----

14

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Notes to the Financial Statements - Unaudited For the 17 months ended 31 August 2023

4 DEBTORS
Unrestricted Restricted 2023 2022
Funds Funds Total Total
£ £ £ £
Debtors 3500 - 3500 2184
Prepayments - - - -
3500 - 3500 2184
5 CREDITORS:AMOUNTS FALLING DUE
WITHIN ONEYEAR
Unrestricted Restricted 2023 2022
Funds Funds Total Total
£ £ £ £
Taxes andSocial Security 5198 - 5198 8913
Other creditors - - - -
5198 - 5198 8913
6. Movements in funds
At Incoming Outgoing At
1August
2022		 Resources Resources 31August
2023
£ £ £ £
Restricted funds:
Grants - 187231 182352 -
Unrestrictedfunds 133499 200932 223984 115326
133499 388163 406336 115326

15

MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED

(A company limited by guarantee)

Notes to the Financial Statements - Unaudited For the year ended 31 August 23

7. INFORMATION REGARDING EMPLOYEES

----- Start of picture text -----
|||||| |---|---|---|---|---| |2023|2022| |£|£| |Wages and salaries|271300|246539| |The average|number of employees,|analysed|by function|was:| |202|2022| |Charitable|purposes:|Full time|15|10| |Part time|5|3|

----- End of picture text -----

No employee received remuneration of more than £60000.

8. TRUSTEES REMUNERATION AND RELATED PARTY TRANSACTIONS

None of the trustees received any remuneration or reimbursement of expenses during the year.

The trustees approved the appointment of a Management Services Company owned and controlled by the Company Secretary to undertake several projects to update and modernise areas of the trust's financial control, payroll and administrative systems. Total expenditure on these projects amounted to £3558.

9. TAXATION

The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these financial statements.

10. COMPANY LIMITED BY GUARANTEE

Mansfield Town Football in the Community is a company limited by guarantee and accordingly does not have share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he/she is a member, or within one year after he/she ceases to be a member.

11. FUTURE CAPITAL EXPENDITURE

On 31 August 2023 the charity had not contracted for any capital expenditure.

16