MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Trustees, Report and Flnancial Statements For the year ended 31 August 2024 Independently Examined
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company Ilmlted by guarantee) Report and Flnanclal Statements- Independently Examined. For the year ended 31 August 2024 CONTEKrs Trustees and their Advisors............ Report of the Trustees............... ............................................. ... Independent Examiner's Report............................. Statement of Financlal Actlvltles. Balance Sheet.. .................... .10 Accounting Policies . Notes to the Financial Statements.......... .11 .13
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limlted by guarantee) Trustees and thelr Advlsors For the year ended 31 August 2024 TRUSTEES: Andrew Saunders (Chairman) Jon Hodgklnson Paul Brown Alex Sherriff Elspeth Wilkins- Campbell Tim Hatton- appt 0181 March 2024 Adam Balley- appt 28" Aug 2024 SECREfARY Bemard Wale HEAD of Community Club Organlsatlon (cco) PRINCIPAL OFFICE: C(xmmunty R(Thi One Call Stadium Quary Lane Mansfield Noth'nghamshire NG18 5DA REGISTERED OFFICE: Fox Cottage 11 Main Street Newthory)e Nottingham NG16 2EX COMPANY REGISTRATION NUMBER: 6538187 CHARITY REGISTRATION NUMBER: 1124621 BANKERS: Lloyds 1-3 Church Street Mansfield Notti'nghamshire NG181AF
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Report of the Trustees For the year ended 31 August 2024 The trustees present their report and financial statements for the year ended 31 August 2024 The trustees, who are also directors for the purposes of company law, who serve during the year and up to the date of this report are set out on page 1 of this report. STRUCTURE, GOVERNANCE AND MANAGEMENT Govemlng Document Mansfield Town Football in 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 whlch is a reglstered charity is exempt from corporatlon 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*lection: Jon Hodgkln80n; Paul Brown 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 requlred 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 certatn powers and responsibilities relating to the daily management and administration of the Gharity 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.
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company Ilmlted by guarantee) Report of the Trustees For the year ended 31 August 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT (contlnued) OBJECTIVES AND ACTMTIES FOR THE PUBLIC BENEFIT Mansfield Town Community Trust operates within Mansfield, Ashfield, Gedling, Newark & Sherwood, as well as covering many surrounding areas of Nottinghamshire. 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. To impact, inspire and support people throughout our communities using the influence of football, sport and community backed by the brand of Mansfield Town Football Club. To become a highly impactful and trusted organlsation. Promote physical and mental wellbeing through our work. To make a positive difference to those in our communities. Provide unique experiences. Improved health and wellbeing in our communities. Support people in fulfilling their potential and providing more opportunities. Creating an inclusive and diverse CCO and football club. Developing safer and more cohesive communities ACHIEVEMENTS AND PERFORMANCE 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. 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 18 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 are now in a position after a successful transition period to implement our new strategic plan for the years 2024- 2027. 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 £520114.59 including r8Stricted funding of £258939.13 for support of its 202& 2024 year of activities. Charitable expenditure amounted to £549185.51 (there was no capital expenditure) whilst governance costs were. £4518.QJ
R8vl8w of the Year With the rebranded to Mansfield Town Community Trust to reflect the more diverse range of programmes, activities, and projects that we deliver, as well as the changes in the demographics and social behavior and needs within the are we cover 2023- 2024 has been a busy year with growth and change. We have an excellent relationship with the club who have also seen success on the field, which in turn has boosted interest in the town and club, The trust has created its own Mental health & Wellbeing department with help from the EFL trust as well as local trusted partners and we have seen significant growth in this area around projects delivered across all ages sectors and needs for example Lowdham Prison, Active Minds, Enter the shadows, and Sherwood Project are just a few to mention. All these are funded by a variety of providers which have been advised earlier in the accounts. We have maintained our existing projects and activities. Premier League Prtmary Stars, Premier League Kicks, CEFA, parties, Saturday clubs, over 45's Walking Football, Penalty Shoots Ouvsocial Actions, holiday clubs and trips, and match day activities which included flag bearing and the Mascot programe. All have seen growth as well as additional actlvlties added to allow for actlvlties to reflect the changes we have seen In society and groups we work with. April 2024 we were successful with a bid for a project that Children in need are supporting on which is a mentoring project which has been launched In secondary schools around the area, this project has reflected excellent results but again as we continue to run with it we adapt and learn from thins that haven't worked or we require to amend to fit the cohort. Our education programme saw 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 launched the Degree course for our year 13 on which we have 4 students enroll and will continue to be offered moving forward, all students have reflected good predicted grades with all year 12 looking at the potential options once the course finishes with support from the teaching staff and trust. We have also seen for the first time a girls, team on which it has been a great success. Education will also be visiting Spain in 2025 to paly and look at programmes in another country. The aim of the trustee board is to continue to grow the business In a sustainable manner 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. This is maintalned year by year but as a board we show caution as well as a need for change to ensure the trust is matching the needs of the Staff, Community Football club and society as a whole FINANCIAL REVIEW (continued) The stated activities and projects covered ranges which incorporated education, sports participation, social inclusion and improved health and wellbeing. Free Reserrfes Free reserves available for use by the charity are deemed to be those that are readily realisable, with 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 wnning of the charity. Risk Management The trustees and Management team have over the past bNelve months continued to conduct a review of the major risks to which the charity Is exposed. Where approprlate, systems or procedures have been established to mitigate any risks the charity faces. Intemal 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 fundinglgrants, along with adapting the way of engaging and delivering activities and programs to meet funders and partlGipants 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 carried 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 signlficant loss of income, and to the rise of unforeseen expenditure, whlch 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 hollday 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 major initiative without having adequate funding and resources in pla. PLANS FOR FUTURE PERIODS Our future strategic plans will revolve around on which we have released the new strategic plan to run through to 2027: Im tf land 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 sical and mental wellbein throu h our work. Our projects and programmes are all aligned with promoting physical and mental wellbeing for all in our communltles. We encourage and support communlties by livlng an actlve and healthler lifestyle to promote and improve physical and mental wellbeing through the delivery of our programmes and projects. mak a diffe cet tho our comm nit Trust's aims are to make a 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. Provlde unl ueex erlences. As an organisation, we provide experiences that Impact and Inspire indlviduals. We strive to deliver a distinctive and Inspirational opportunity that caters to all members of our communities. Through our projects and programmes, we provide experience and opportunities to our communities which are unique to the 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 communlty. 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 31° March 2025 and signed on its behalf by Andrew Saunders Director and Chairman
Independent Examlner's Report on the unaudlted Flnanclal Statements of Mansfleld Town Football in the Communlty We report to the trustees on our examination of the accounts for Mansfield Town Football in the Community for the year ended 31 August 2024. 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 carrylng out our examlnation, we have followed all the applicable Dlrections 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 thls report to enable a proper understanding of the accounts to be reached. Archway Management Servlces Fox Cottage, 11 Maln Street Newthorpe NG16 2EX
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company Ilmlted by guarantee) Statement of Financial Activities (including summary income and expenditure account) . Unaudited For the year ended 31 August 2024 Incomlng Resources Unrestrlcted Fund8 Restricted Funds 23124 Total 22123 Total Incoming resources from charitable actlvities Courses & activities 53597 53597 23521 Interest receivable Communl Schemes Football Lea ue After schools Penalt Shootouts Prlma school Income Kello s Summer Pro Tesco FL Communi Ltd - Sk Bet Mentorin Course - Children In Need Health & Wellbein l Active Minds LFE CEFA HAF Lotte PL Stars PL KICKS General M D C Grants -Business Dev/Pro onsorshi /donations Miscellaneous Walkin Football other rentices Female Football Parties School Contrib./Dinner Club St Peters Schools Kit Contribution 99,168.95 1,300.26 99,168.95 1,300.26 96,144.08 758.27 45,000.00 23,784.00 41,924.43 2,025.00 45,000.00 23,784.00 41,924.43 2,025.00 4,500.00 1,000.00 9,111.56 14,960.00 32,915.50 81,880.00 37,067.07 0.00 35,025.00 35,000.00 36,780.00 9,095.00 23,717.33 11,856.20 0.00 0.00 0.00 0.00 0.00 55,987.20 23,635.00 9,610.50 40,000.00 35 000.00 ramme 4,500.00 1000.00 9,111.56 14,960.00 30,395.50 81,880.00 37,067.07 2,520.00 35,025.00 35,000.00 rammes 10,000.00 10,000.00 4,576.39 2,500.00 3,849.83 703.75 500.00 5,466,14 5,294.80 20,220.46 0.00 2,341.45 520 114.59 22,999.00 3,763.45 0.00 1,789.52 223.08 500.00 787.85 5,433.30 6,915.00 0.00 3,169.54 388,164.32 4,576.39 2,500.00 3,849.83 703.75 500.00 5 466.14 5,294.80 20,220.46 2,341.45 261,175.46 258,939.13
RESOURCES EXPENDED Charitable activities Governance Costs 285842 4518 258825 544667 406336 4518 3558 Total resources expended 290360 258825 544667 402778 Net incoming/(outgoing) resources For the year -29070 -29070 -29070 Net movement in funds -29070 -29070 -18172 TOTAL FUNDS BIFWD 1 SEPT 2023 115326 115326 133498 TOTAL FUNDS CIFWD 31 AUG 2024 86255 86255 115326
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Balance Sheet. Unaudited As of 31 August 2024 Unrestrlcted Funds Restrlctsd Funds Total FIXED ASSETS CURRENT ASSErs Debtors Cash and bank accounts 5165 57818 5165 97818 3500 122055 40000 62983 40000 102983 125555 CURRENT UABIUTIES 3824 3824 5198 NET CURRENT ASSETSILIABILITIES 59159 99159 120357 NEf ASSErs 59159 40000 99159 120357 ACCUMULATED FUNDS In approving these financial statements as trustees of the charitable company we hereby confirm: _ that for the year stated above the company was entttled to the exemption conferred by Section 477 of the Companies Act 2006. 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 that we acknowledge our responsibilities for: . ensuring that the charitable company keeps accounting records which comply with Section 386 of the Cornpanies A£t 2ct6, and preparing financial statements which give a true and fair view of the situation of the company as at the end of the financial year and of its surplus or deficit for the year then ended in accordance with the requlrements of Sections 394 and 395, and whlch otherwlse comply wlth the provisions of the Companies Act 2006 relating to financial statements, so far as applicable to the charitsble company. These financial statements are prepared in accordan 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 31 March 2025 Signed on behalf of the trustees. Andrew Saunders Chairman and Director 10
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company Ilmlted by guarantee) Accountlng Pollcles - Unaudlted For the year ended 31 August 2024 1. ACCOUNTING POLICIES The principal accounting policies are summarised below. These accounting policies have been applied consistently throughout this period and the preceding year. 1.18ASIS 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. FUND ACCOUNTING Unrestricted funds are available for use at the discretion of the trustees in furtheran of the general objecttves of the charitable CA)mpany. Income reiVed for specific projects is allocated to a restricted fund. All the 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 categories of income: _ Voluntary income Is received by way of grants, donatlons 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 eams the right to be considered 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: Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated to such activities and those costs of an indirect nature necessary to support them. Governance costs Include costs assoclated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly; others are apportioned on an appropriate basis e.g. per capita or estimated usage.
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Accounting Policies - Unaudited For the year onded 31 August 2024 2. DEPRECIATION The Chaty dS not currently own any assets but tf thls cccurs In the fLrture the twstees have agreed that depreclation wlll be calculated so that assets are wrltten 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- Fumiture and fittings - /0 Only individual assets costing more than £500 are capitaltsed and valued at historic cost. 3. INCOMING RESOURCES FOR CHARITABLE ACTWMES Unrestricted 261175 Restrlcted 258939 Total 520114 See Income Resources 261175 258939 520114 Unrestricted funds - these are funds which can be used in accordance with charitable objects at the discretion of the trustees. Re8trlcted funds - these are funds that can only be used for restricted purposes within th8 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 Ilmlted by guarantee) Notes to the Financlal Statements - Unaudlted For the year ended 31 August 2024 Charitable Activities . 1 Unrestrlcted Funds Restrlcted Funds 23124 Total 22123 Total Dlrect Costs Ground Toursrrri Mansfleld Town Venue Hire Inc Office Course/Activit Costs ment Cefamalkin Football Fees HAF Ex enditure Active Minds Health & Wellbein Advertisin I Prinustationer Kit Mascots Cefa Staff Su ort Costs Staff costs Pension Tele hone/internet software Hos itialit MTFC Tickets Van Finance Insurances - Vehicle & Business Vehicle Misc costs Vehicle Hire Travel ex enses General Rates Professional Fees Trainin Donations Accountanc DBS Costs Other Ex enses Cleanin & caterin Re airs & Maint. Pro Bursaries Casual Coaches / Casual Coaches HAFF Banld Card Char Ofsted Fee 437.40 21,269.00 980.00 12,115.01 2,495.30 8,818.00 2,932.70 30,087.00 980.00 19,030.99 1,042.53 735.00 0.00 5,145.00 4,959.45 14,028.62 0.00 25,106.50 607.70 33,645.62 925.00 8,850.21 256.70 0.00 3,508.68 7,602.62 6,915.98 1,042.53 735.00 5,145.00 1298.70 4,793.72 /Posta 3,660.75 9 234.90 195,834.94 7,584.32 1,028.34 2,719.50 3,222.80 198,553.48 394,388.42 7,584.32 1,028.34 2,719.50 3,222.80 0.00 1,081.10 1,019.16 3,969.92 6,063.15 0.00 7,959.26 6,959.64 111.00 4,518.00 492.00 252.70 6,927.14 39.15 5,400.00 271,300.05 11,020.10 1,193.38 4,695.63 2,270.00 1,661.40 1,581.60 0.00 0.00 3,714.51 539.00 3,187.94 5,936.84 113.25 3,558.00 0.00 0.00 700.08 1,478.43 5,320.00 1,081.10 1,019.16 3,969.92 4,413.82 1,649.33 4,616.46 4,622.72 111.00 4,518.00 232.00 238.00 902.38 39.15 3,342.80 2,336.92 Governance 260.00 14.70 6,024.76 5,400.00 12,780.15 349.97 114.00 3,264.50 16,044.65 349.97 114.00 0.00 549,185.51 7,099.96 348.54 114.00 0.00 406,335.74 es 290,360.38 258,825.13 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
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company Ilmlted by guarantee) Notes to the Financial Ststements- Unaudited For the 17 months ended 31 August 2024 DEBTORS Unrestrlcted Funds Restrlctsd Funds Total Totsl Debto Prepayments 5165 5165 5165 5165 3500 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR Unrestrlctsd Funds Restrlcted FurKIs Total Taxes and S¢xial Security Other credito 5198 3824 3824 3824 3824 5198 Movements In funds Incomlng Resources Outgolng Resources 31 August 31 August Restrlcted funds: Grants 187231 258939 258825 Unrestrlcted funds 200932 200932 29)360 86255 388164 520114 549185 86255 14
MANSFIELD TOWN FOOTBALL IN THE COMMUNITY LIMITED (A company limited by guarantee) Notes to the Flnanclal Statements . Unaudlted For the year ended 31 August 24 7. INFORMATION REGARDING EMPLOYEES IrA Wages and salaries 394388 271300 The average number of employees analysed by function was: Charitable purposes: Full time Part time 19 15 No employee received remuneration of more than £60000. 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 £ 4518 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 helshe ceases to be a member. 11. FUTURE CAPITAL EXPENDITURE On 31 August 2024 the charlty did not contract for any capital expenditure. 15