KENSINGTON DRAGONS FOOTBALL CLUB LIMITED
(Company Limited by Guarantee)
Company Number: 07720188
Registered Charity Number: 1144887
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st AUGUST 2024

Kensington Dragons Football Club Limited
TRUSTEES
Palmlra Morals
Alexander Mlchael Schneldeman
Gabrielle Patricia Tiemey
Martin Murphy
Christopher Shifley
Carfo PIrzi￿Bir0ll
Michael Clancy
COMPANY NUMBER
07720188
CHARITY NUMBER
1144887
REGISTERED OFFICE
90 Clarendon Road
London
W112HR
INDEPENDENT EXAMINERS Moore Klroston Smith LLP
6th Floor
9 Appold Street
London
EC2A 2AP
BANKERS
HSBC Bank plc
25 Notting Hill Gate
London
W113JJ
Page: 1

Kensington Dragons Football Club Limited
Trustees. Report
For the year ended 31st August 2024
Th8 Trustees present the r8port and financial statements for the year ended 31 st August 2024. Th8
Trustees have adopted the provisions of the Statement of Recommended Practice applicable to charltles
preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland.
Constitution
Kensington Dragons Football Club 15 a registered charity, number 1144887, and a private company limited
by guararrtea. number 07720188. It was incorporated on 27th July 2011. The club is governed by its
Memorandum and Articles of Association.
Trustee5
The trustees throughout the period were:
Palmira Morals
Alexander Michael Schneideman
Gabrielle Patricia Tiemey
Martin Murphy
Christopher Shirley
Carlo PirziovBiroli
Mlchael Clancy
Objects
The principal objects of the club are to promot8 community partlclpatlon of. primarily, children and young
people regardless of race. sex. creed, financial means or social and economic circumstances in healthy
recreation in partlcular by the provision of facilities for the playlng of association football and other sports
capable of improving health. Th8 club also alms to advanc8 lh8 educatlon of chlldren and young p80ple
so that they mlght grow lo maturlty as Indlvlduals, b8come responsible members of society and thelr
condltlons of1rf8 may b8 improved.
Publlc Beneflt
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity
Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (P82)'.
The trustees confirm that they have complled wilh the duly in sectlon 17 of the Charities Act 2011 to have
due regard to public benefit guidance published by the Charity Commission.
Resorvos Policy
It Is the target of the Kensington Dragons Football Club Ltd to maintain unre5triGted funds at a sufficient
level to cover management and administration costs for at least one year which is estimated to be
£100.000. As at 31 st August 2024 the club had reserves of £86,741. all of which were unrestricted. The
Trustees note that the reserves are slightly below the target and will fund raise over the next tsvo years to
increase the reserves to the tsrget level.
Acthities and Financial Results
During the year. the Club again maintained its highly sought-after status of being a FA Charter Standard
Communty Club. Kensington Dragons is unusual in that it does not charge young people to take part in its
adivities and again in ts 2023124 year no player was prevented from joining in for financial reason.
Page: 2

Kensington Dragons Football Club Limited
Trustees. Report
For the year ended 31st August 2024
Th8 Educational and Training program continu8d through the season with th8 Coach8s' Conf8rencès
belng held again in person.
The Club fielded 18 squads throughout the year: an Under 108 Training Squad,. a new U11s Boys Squad;
two U12 Boys Squads (the Reds and the Whites)" an U13s Boys Squad,. an U14s Boys Squad: an U15s
Boys Squad," an U16s Boys Squad., an U17s Boys Squad and an U185 Boys squad. The Girls SeGtion
continued to be successful with a new 11s Squad: an U13s Girls Squad; an U14 s Girfs Squad; an U15s
Girls Squad and an U16s Girls Squad. In the young adult Section, the Club fielded three teams= The First
Team and the Blues Team who both played their matches on Saturday afternoons and, for the third
season, the relatively new young adult team labelled the Old Dragonians who played its matches on
Sundays. The Club had fielded five Girls teams. making il again one of the bigger clubs in central London
for the provision of girls. football. The Under 11 Boys team was entered in the Harrow Soccer Combination
League. the Boys. youth teams in the Harrow Youth Football League and the Girls, teams in the Capital
Girls League. The First Team continued in the Premiership of the Middlesex County Football League; the
Blues in the Saturday League Division TY￿ and the Old Dragonians team in the Sunday League.
Th8 End of Season Annual Toumament and Presentations had to be held on a team-by-team basis
because LBHF were doing works al the Linford Christie Stadium meaning that it was not availabl8 to hold
the event. Instead, each team gathered together to vote for their Players, Play8r and for the respective
Managers and Coaches to award "Coach's Playert and "Most Improved Playerf, before enjoying a picnic. In
line with the Club's policy there wa5 no charge for the players so nobody was left out.
During the season the teams trained regularly and played their League and Cup rnatches with inevitable
mixed rasults.
Regular Pan-disability training session was held for 5-11 year olds on a five a side pitch at the Wesiway
on Mondays from 6-7pm. The Club has mad8 a commitment to run a further series of similar training
sessions.
During the summer of 2023 Kensington Dragons ran free introductory football camps to recruit new
players for the upcoming season. Players were then invited tojoin in a weeklong So¢¢er Summer Camp
with a view of being registered to play matches in the 2023124 season. These series of events proved very
successful and W￿re run again in the Summer of 2024.
The importance of playing in teams for the players is not so much the winning and losing but more leaming
the lessons required to work well within a team and coping vrfith the inevitable1055es whilst being
magnanimous when winning. Friendships are made for life be￿en players who might not in other
circumstances ever have met. Kensington Dragons adds to the social capital of West London.
As in previous seasons there were no mandatory charges for players to join in the Club's activities. The
costs were met by voluntary donations and fundraising, so no player was prevented from joining in the
Club's activiiies for financial reasons.
The challenge still remains for the Club lo secure good quality local facilities to run its training sessions
and activitiès. The Club again devoted a lurther year to working with the Wormwood Scrubs Charitsble
Trust. the London Borough of Hammersmith and Fulham and Ihe Royal Borough of Kensington and
Chelsea to improve facilities.
During the year the club's income was generated from donations, grants. and sponsorships. Thanks, must
be expressed for the support given by th8 John Lyon's Charity, The Clarendon Group. Druce. the Grenfell
Fund. The Grove Trusl and the Patrons. The activities and financi81 results for the year are as shown in
the accounts.
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Kensington Dragons Football Club Limited
Trustees. Report
For the year ended 31st August 2024
Statement of Trustees. Responslbllltles
The trustees (who are also diwtors of the club for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial ststements in accordance with applicable law and United
Kingdom Accounting Stsndards (United Kingdom Generally AC￿pted Accounting Practice).
Company law requires the tru%tp.p.8 tn prp.PArp financial statements for each financial year which give a tru8
and fair vtew of tha stat8 of the affairs of the charitable company and of the incoming resources and
application of resources. including the income and expenditure, of the charitable company for that period.
In preparing these financial statements. the trustees are required to".
select suitable accounting policies and then apply them consislently.,
comply with applicable accounting standards. including FRS 102, subject to any material departures
disclosed and explained in the financial statements-
State whether a Statement of Recommended Practice (SORP) applies and has been followed, subject
to any material departures whith are explained in the financial statements.
make judgements and estimates that are reasonable and prudent,.
prepare the financial statements on the golng concem basis unless it is inappropriate to presume that
the charitable company will continue in business.
The trustees are responsible for k88ping proper accounting records that disclose with reasonable a￿uraCY
at any time the financial position of the charitable company and enable them to ensure that the financial
stat8ments comply wth the Companies Act 2006. They are also responsible for safeguarding th8 assets
of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularits'es.
Thls r8POrt has bean prepared In accordance with the speclal provlslons of Part 15 of the Companles Act
2006 relatlng to small companies.
isl £}loLS
C Shirley
Chairman
Date:
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Kensington Dragons Football Club Limited
Trustees. Report
For the year ended 31st August 2024
I report to the charity Irusiees on my examination of the accounts of the Company for the year ended 31 st
August 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
2006 ('the 2006 Act.).
Having satisfied myself that the accounts of the Cornpany are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination. I report in respect of my examination of your
charitys accounts as carried out under section 145 of the Charities Act 2011 (Ihe 2011 Act,). In carrying
out my examination I have followed the Directions given by the Charity Commission under section 145(5)
{b) of the 2011 AGt.
Independent Examlnerfs Statement
I have completed my examinalion. I confirm that no matters have come to my attention in connection with
the examinalion giving m8 cause to believe:
1) accounts'ng records were not kept In respect of the Company as required by section 386 of the 2006
Act; or
2) the accounts do not accord with those records; or
3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Acl other
than any r8quir8ment that the accounts give a 'tru8 and fair view which is not a matter considered as
part of an independenl examination; or
4) the accounls have not been prepared in accordance wilh the melhods and principles of the
Statement of R8commended Practice for accounting and r8POrting by charities.
I have no concems and have come acrthss no olher matters in connection with the examination to which
attention should b8 drawn in this report in order to enable a proper untjerstanding of the accounts to be
reached.
LLP
Adam Fullorton. FCA DChA
For and on behalf of Moore Kingston Smith LLP
Chartered Accountants
6th Floor
9 Appold st￿et
Loiidon EC2A 2AP
Date: 2210512025
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Kensington Dragons Football Club Limited
Statement of Financial Activities
(incorporating the Income and Expenditure account)
For the year ended 31st August 2024
2024
2024
Unrestricted Restricted
Funds
Funds
2024
Total
Funds
2023
Total
Funds
INCOME AND EXPENDrruRE
Note
Income from:
Donations. sponsorships and grants
Total income
172,881
172.881
172.881
154,688
154,688
172.881
Expenditure
Charitable activities
176.502
176.502 134.116
Total expendlture
176,502
176.502 134.116
Net Income and Movgment In Funds
(3,621)
(3.621)
20.572
Fund Balance brought forward
90.362
90.362
69,790
Fund Balance at 31 August 2024
86.741
86.741
90,362
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Kensington Dragons Football Club Limited
Balance Sheet as at 31st August 2024
2024
2024
2023
2023
Note
Current Assets
Debtors
Cash at bank and in hand
9,681
80,865
8,637
94,466
90.546
103.103
Creditors: Amounts falllng du•
withln one year
{3,805)
(12.741)
Net Current A8sets
86.741
90.362
Net Assets
86.741
90.362
Funds
Restricted funds
Unrestricted general funds
86,741
90,362
86.741
90,362
The directors state,.
(a) For the year ended 31 August 2024 the charitable company was entitled to eX8rnPtlon from audlt under
Section 477 of the Companles Act 2006.
(b) No notice from Trustees requiring an audit has been deposited under Section 478 of the Companies Act
2006.
(c} The accounts have been prepared in accordance with the special provisions relating to small companies
within Part 15 of the Companies Act 2006.
(d) The Trustees acknowledge their responsibility for complying Kfjth the requirements of the Act wlth respect
to accounting records and for the preparation of accounts.
Approved and authorised for issue by the 8oard on:
C Shirfey
Date..
Islslk£
Company Number: 07720188
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Kensington Dragons Football Club Limited
Notes to the Financial Statements
For the year ended 31st August 2024
1 Accounting Policles
1.1 Basls of preparation of financial statements
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)- The Charity is a public benefit entity for the
purposes of FRS 102 and therefo￿ the Charity also prepared its financial statements in accordance with
the Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (The FRS 102 Charities
SORP), the Companies Act 2006 and the Charities Act 2011.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest pound.
1.2 Going concem
The trustees have assessed whether the use of the going Concem basis is appropriate and have
considered possible events or conditions that might cast significant doubt on the abilty of the charity to
continue as a going concem. The trustees have made this assessment for a peri￿￿ of at least one year
from the date of approval of the financial statements. In particular the trustees have considered the
¢hariWs forecasts and projections and have tsken account of pressur85 on donation income. After making
enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate
SoUr￿S to continue in operational existence for the foreseeable future. The charity therefore conlinues to
adopt the going concern basis in preparing its financial statements.
1.3 Income
All income is included in the Statement of Financial Activities when the club is entitled to the income.
receipt is probable and the amount can be quantified wtth reasonable accuracy.
Income received in advance is deferred Whe￿ it would be repayable rf conditions are not met in the future.
1.4 Expendttur•
l expenditure is accounted for on an accruals basis and is directly classified under the expenditure
category to which it relates. Support costs have been allocated to the charitable activity to which they relate.
1.5 Govemance costs
Governance costs include thosg costs incurred in the govomanca of the charity and are primarily
associated with constitutional complianc8 and statutory requirements.
1.6 Unrestricted funds
These resources arise from income provided for unrestricted purposes and from accurnulated surpluses
and deficits in the operations for charitable purposes and are expendable at the dIsC￿tion of the Trustees.
1.7 Restrlcted funds
Restricted tunds a￿ funds which are to be used in accordance with specific restrictions imposed by the
donor.
1.8 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less.
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Kensington Dragons Football Club Limited
Notes to the Financial Statements
For the year ended 31st August 2024
1 Accounting Polici8s (contlnued)
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments. of FRS 102 to all
of its financial instruments. Financial instruments are recognised in the charitys balance Sheet when the
charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are
offset, with the net amounts presented in the financial statements, when there is a legally enforceable right
to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset
and settle the liabilty simultsneously.
With the exceptions of prepayments and deferred income all other debtor and creditor balances a
considered to be basic financial instruments under FRS 102.
1.10 Key estimates and judgements
In preparing financial statements it is necessary to make certain judgements. estimates and assumptions
that affect the amounts recognised in the financial statements.
In th8 view of the trustees in applying the accounting policies adoptad. no judgements were required that
have a significant effect on the amounts recognised in the financial statemerrts nor do any estimates or
assumptions made cary a significant risk of material adjustrnent In the next flnanclal year.
2 Transactlons with Trustees
During the year, there were no amounts (2023: £nil) paid on behalf of trustees in relation to reimbursement of
expenses. There were no year end creditors in relation to this.
3 Donations, sponsorshlps and grnnts
2024
Unrestrictod
funds
2024
Restrlctod
funds
2024
Total Funds
2023
Total
Funds
Donations
Gfft ald
Sponsorships
Award Income
Grants
109.751
27,630
6,000
109,751
27,630
6,000
119.838
4,000
350
30,500
154,688
29.500
172,881
29,500
172,881
4 Expenditurè on charitable activities
2024
Unrestrlcted
funds
2024
Restrfctsd
funds
2024
Total Funds
2023
Total
Funds
Football activities
176.502
176,502
176,502
176.502
134.116
134.116
None of the charitable expendilure in 2024 related to restricted funds.
The charity had 1 employee in the JBar to 31 August 2024 (2023: 1).
There ware no employees (2023: nil) vtho received employee banefits of more than £60,000.
Within unrestricted expenditure is £3,636 (2023: £2,930) paid to the independent examiner for the
irKlependent examination of the financial statements.
5 Debtors
2024
2023
Other debtors
9,681
9,681
8,637
8,637
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Kensington Dragons Football Club Limited
Notes to the Financial Statements
For the year ended 31st August 2024
6 Credltors: Amounts falllng due wlthln one year
2024
2023
Trade creditors
Accruals
193
3,612
3,805
8.245
4.496
12.741
7 Funds
Balance at
3110812023
Incomo
Expendlture
Transfers
Balance at
3110812024
Unrestricted Funds
90,362
172.881
176.502)
86,741
Restricted funds
Administrator fvnd
Total Funds
),382
172,881
(176.502)
86.741
Balance at
3110812022
Income
Expenditure
Transfers
Balance at
3110812023
Unrestricted Funds
69,790
154,688
134,116
90.362
Restrided funds
Administr8Éor fund
Total Funds
59.452
146,721
(136.473)
90.362
8 Limited Liability
The charitable company is limited by guarantee and has no share capital. In the event of it winding up the
liability of each rnember is limited to £1.
9 Related Party Transactlons
The charity received unrestricted donations from 3 trustees totslling £65.050 in the year to 31 August 2024
(2023: £50,010).
10 PoEt balance 6hoct cvents
A license to carry out the works to provide a football pitch for the Club at the Linford Christie Stadium
d8velopment was signed on 16 January 2025.
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Kensington Dragons Football Club Limited
Schedule of Expenditure
For the year ended 31st August 2024
2024
2023
Football LeaguelAssociation Fees & Fines
Equipment & Kit
Match costs inc. Coaching & Ref Fees
Pitch Hire Fee5
Training
Transport
Events
Medals & Trophies
4,732
11,804
60,160
64,124
670
316
2,296
587
2.717
15.788
1,100
2.670
1.057
3.168
6.792
58.718
29.906
1.045
234
4.193
570
2,842
11.630
Professional Fees
Legal Expenses
Communications
Insurance Fees
Bank Charges
Salary
Subscriptions
Misc
4,010
2.208
245
8,000
201
176,502
134,116
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