Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO KENSINGTON DRAGONS FOOTBALL CLUB LIMITED (Company Limited by Guarantee) Company Number.. 07720188 Registered Charity Number.. 1144887 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31stAUGUST 2025
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited TRUSTEES Palmira Morals Alexander Michael Schneideman Gabrielle Patricia Tierney Martin Murphy Christopher Shirley Carlo Pirzio-Biroli Michael Clancy COMPANY NUMBER 07720188 CHARITY NUMBER 1144887 REGISTERED OFFICE 90 Clarendon Road London W11 2HR INDEPENDENT AUDITOR Moore Kingston Smith LLP 6th Floor 9 Appold Street London EC2A 2AP BANKERS HSBC Bank pl 25 Notting Hill Gate London W11 3JJ Page.. 1
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2025 The Trustees present the report and financial statements for the year ended 31 st August 2025. The Trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. Constitution Kensington Dragons Football Club is a registered charity, number 1144887, and a private company limited by guarantee. number 07720188. 11 was incorporated on 27th July 2011. The club is governed by its Memorandum and Articles of Association. Trustees The trustees throughout the period were.. Palmira Morals Alexander Michael Schneideman Gabrielle Patricia Tierney Martin Murphy Christopher Shirley Carlo Pirzio-Biroli Michael Clancy Object5 The principal objects of the club are to promote community participation of, primarily, children and young people regardless of race, sex, creed, financial means or social and economic circumstances in healthy recreation in particular by the provision of facilities for the playing of association football and other sports capable of improving health. The club also aims to advance the education of children and young people so that they might grow to malurily as individuals, become responsible members of society and their conditions of life may be improved. Public Benefit In shaping our objectives for the year and planning our aclivilies, the Iruslees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit.. running a charity IPB21'. The trustees confirm that they have complied wth the duly in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Reserves Policy 11 is the largel of the Kensington Dragons Football Club Ltd to maintain unrestricted funds al a sufficient level to cover the minimum management and administration costs for al least one year which is eslimaled to be £100,000. As at 31 sl August 2025 the club had total funds of £1,488,843 out of which £300,000 were restricted and £1,172,328 represents a prepayment of a lease premium for The Dragons Den, Kensington Dragons Fc's new ground. Free reserves al the balance sheet date are considered lo be th8 cash balance freely available for expenditure of £107,981, which is line with the trustees, target. Activitigs and Financial Rgsults During the year, the Club again maintained its highly sought-after status of being a FA Charter Standard Community Club. Kensington Dragons is unusual in that it does not charge young people to take part in ils activities and again in the 2024125 year no player was prevented from joining in for financial reasons. The Educational and Training program continued through the season with the Coaches attending training courses and the eub running free Soccer Sch(x)Is. Page.. 2
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2025 The Club fielded 15 squads throughout the year.. an Under 10s Training Squad,. a new U11s Boys Squad. an U12 Boys Squad; two U13s Boys Squads IReds and Whites),. an U14s Boys Squad ', an U15s Boys Squad,. and an U18s Boys squad. The Gids Section continued to be successful with a U12s Girls Squad., an U14s Girls Squad an U15s Girls Squad and an U17s 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 the established young adult team labelled the Old Dragonians who played ils matches on Sundays. The Girls teams played in the Capital Girls League- the Under 11 Boys team in the Harrow Soccer Combination League., the remaining Boys youth teams in the Harrow Youth Football League. The First Team continued in the Premiership of the Middlesex County Football League,. the Blues in the Saturday League Division Two and the Old Dragonians team in the Sunday League. The End of Season Annual Tournament, Presentations, BBQ were once again held on a club wide basis at the Linford Christie Stadium with around 300 players and supporters attending. Due lo the large numbers the Presentations were organised in two sittings. Prior to the Presentations the players voted in a secret ballot, organised under a proportional system, for their Players, Player. Al the Presentslions the respective Managers and Coaches announced Iheir"Coaches' Player. and "Most Improved Player. before the Retuning OffIr handed the Chair the results of the secret ballot for 'Players' Player. lo be announced. In line with the Club's policy there was no charge for the players so nokx)dy was left out. During the season the teams trained regularfy and played their League and Cup matches with inevitsble mixed results. During the summer of 2025 Kensington Dragons ran free inlroduclory football camps lo recruit new players for the upcoming season. Players were then invited to join in a weeklong Soccer Summer School with a view of being registered lo play matches in the 2025126 season. These series of events proved very successful and were run again in future years. The importance of playing in teams for the players is not so much the winning and losing but more learning the lessons required lo work well within a team and coping with the inevitable losses whilst being magnanimous when winning. Friendships are made for life between players who might not in other Circumstances ever have met. Kensington Dragons adds to the social capital of Wesl London. As in previous seasons there were no mandatory charges for players lo 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 activities for financial reasons. The challenge remained for the Club lo secure good quality local facilities lo run ils training sessions and activities. During the early part of the year the Club again devoted lime to work with the Wormwood Scrubs Charitable Trust IWSCTI and the London Borough of Hammersmith and Fulham ILBHFI to secure permission lo repair and reorienlale the substandard football, netball and hockey facilities at the edge of the Linford Christie Stadium premises. 11 was agreed that, in return for organising and funding the works to provide LBHFIWSCT with 3 nelbalvtennis courts., one 7 aside sand based hockey pitch and one seven aside 3G artificial football pitch, the Club would be granted a 40-year lease on its newly constructed, full size FA complaint 3G football pitch. Finally, a License to start work was signed on 161112025. The contract was let to Hunts Contractors Ltd, with a final contract sum of £1,202,170 before VAT. Work started work immediately and was completed six months later with Practical Completion granted on 301712025. LBHF granted the Club ils Lease on 119125. The Club ended the year with a firsl-class football pitch bul with the challenge of completing minor works, buying equipment and, in particular, moveable FA compliant football goals suitable for the different ag8 groups. The challenge for the next year will be to fund and install changing rooms and refreshment facilities etc. Page.. 3
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2025 During the year the club's income was generated from donations, grants, and sponsorships. Thanks, must be expressed for the SLJPPOrt given by The Clarendon Group, Druce, the Grenfell Fund. The Grove Trust and the Patrons. Thanks musl particularly go to the Pitch Funders and The WSCT who donated the funds to create the Club's new pitch which has been called the Den. A permanent plaque will be installed in the Den lo thank the Pitch Funders, with their permission, when the remaining works are completed. The activities and financial results for the year are as shown in the accounts. Page.. 4
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Trustees. Report For the year ended 31st August 2025 Statgmgnt of Trustges. Rgsponsibilitigs The Iruslees Iwho are also directors of the club for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards {Uniled Kingdom Generally Accepted Accounling Praclicel. Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair Mew of the state 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 lo.. select suitable accounting policies and then apply them consislenllw, comply with applicable accounting standards, including FRS 102, subject to any material departures disclosed and explained in the financial slalements., stale whether a Statement of Recommended Practice ISORPI applies and has been followed, subject lo any material departures which are explained in the financial slatemenls., make judgements and eslimales that are reasonable and prudent., prepare the financial statements on the going concem basis unless il is inappropriate to presume that the charitable company will continue in business. The Iruslees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the Trustees confimis that.. so far as the Iruslee is aware, there is no relevant audit information of which th8 charitable companls auditor is unaware- and the trustee has taken all steps that helshe ought lo have taken as a Trustee in order lo makehimselflherself aware of any relevant audit information and to establish that the charitable companls auditor is aware of that information. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. snd by.. 21834DDC028940C C Shirley Chairman Date.. 221612026 Page.. 5
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Independent Auditor's Report to the Members of Kensington Dragons Football Club Limited For the year ended 31st August 2025 Opinion We have audited the financial statements of Kensington Dragons Football Club Limited I'lhe company I for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet. the Cash Flow Statement and notes to the financial stalemenls, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial statements.. give a true and fair view of the state of the charitable companls affairs as al 31 August 2025 and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordan wth the requirements of the Companies A¢t 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the audit of the financial slalements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial slalements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going conrn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we h8ve performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charitable companls ability lo continue as a going concern for a period of at least twelve months from when the financial ststemenls are aulhorised for issue. Our resFX)nsibilities and the responsibilities of the trustees wlh respect to going concem are described in the relevant sections of this report. Other inforniation The other information comprises the inform8tion included in the annual report, other than the fin8ncial slalements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except lo the extent otherwise explicidy staled in our report, we do not express any form of assurance conclusion thereon. Our resK)onsibilily is lo read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether there is a material misslalement in the rinancial slalements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. Page.. 6
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Independent Auditor's Report to the Members of Kensington Dragons Football Club Limited For the year ended 31st August 2025 We have nothing lo report in this regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, annual report for the financial year for which the financial statements are prepared is consislenl with the financial statements., and the Iruslees, annual report has been prepared in accordan with applicable legal requirements. other Matter The corresponding figures in the financial statements of Kensington Dragons Football Club Limited were not audited as the company did not require a statutory audit Ljnder the Companies Act 2006 or Charities Act 2011 in the prior year. Matters on which we are required to report by exeption In the light of the knowledge and understanding of the company and ils environment obtained in the course of the audit, we have not identified material misstatements in the Iruslees, annual report. We have nothing lo report in respect of the following matters where the Companies Act 2006 requires us to report lo you if, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreement wth the accounting records and retums- or certain disclosures of Iruslees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entitled lo prepare the financial ststemenls in accordance with the small companies regime and tske advantage of the small companies exemption in preparing the trustees, annual report and from preparing a strategic report. Responsibilities of trustees As explained more fully in the Iruslees, responsibilities statement set out on page 5, the trustees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slalements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitsble company's ability lo continue as a going concem, disclosing, as applicable, mallers related to going concern and using the going concern basis of accounting unless the trustees either intend lo liquidate the charitsble company or to cease operations, or have no realistic allemalive bul to do so. Audltor's Responslbllltles for the audlt of the flnanclal statements Our objectives are lo obtain reasonable assurance aboul whether the financial statements as a whole are free from material misstatement, whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assuran is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstslements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. Page.. 7
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Independent Auditor's Report to the Members of Kensington Dragons Football Club Limited For the year ended 31st August 2025 As part of an audit in accordan with ISAS IUKI we exercise professional judgement and maintain professional sceplicism throughout the audit. We also.. Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misslalement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresenlalions, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, bul not for the purposes of expressing an opinion on the effectiveness of the charitable company s internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. ConclLJde on the appropriateness of the trustees, use of the going concem basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions that may cast significant doubl on the charitable company s ability to continue as a going concern. If we conclude that a material uncertainly exists, we are required to draw attention in our auditor's report lo the related disclosures in the financial slalements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However, future events or conditions may cause the charitable company to ¢ease lo continue as a going concern. Evaluate the overall presentation, structure and conlenl of the financial slalements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other mallers, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities, including fraLJd is detailed below. The objeetives of our audit in respect of fraud, are., lo identify and assess the risks of material misstatement of the financial statements due lo fraud- lo obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses lo those assessed risks., and to respond appropriately lo instsnces of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governan of the charitable company. Page.. 8
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Independent Auditor's Report to the Members of Kensington Dragons Football Club Limited For the year ended 31st August 2025 Our approach was as follows.. We obtained an understsnding of the legal and regulatory requirements applicable lo the charitable company and considered that the most significant are the Companies Act 2006, the Charities Act 2011, the Charity SORP, and UK financial reporting stsndards as issued by the Financial Reporting Council. We obtained an understanding of how the charitable company complies with these requirements by discussions with management and those charged with governance. We assessed the risk of material misslalement of the financial slatemenls, including the risk of material misstslemenl due to fraud and how it might occur, by holding discussions with management and those charged with governance. We inquired of management and those charged wilh governan as lo any known instances of non-compliance or suspected non-compliance with laws and regulations. Based on this understsnding, we designed specific appropriate audit procedures to identify instances of non-compliance with laws and regulations. This induded making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required. There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related lo events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not delecling one resulting from error, as fraud may involve deliberate concealment by. for example, forgery or intentional misrepresentations, or through collusion. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale lo the company s members those matters we are required to stale lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not acpt or assume responsibility to any party other than the charitable company and charitable companls members as a body, for our audit work, for this report, or for the opinions we have formed. $*n•d by.. gE[D7¢c33S74s Adam Fullerton Isenlor Statutory Audltorl For and on behalf of Moore Kingston Smith LLP Chartered Accountants 6th Floor g Appold Street London EC2A 2AP Dale.. 221612026 Page.. 9
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Statement of Financial Activities (incorporating the Income and Expenditure account) For the year ended 31 st August 2025 2025 2025 Unrestricted Restricted Funds Funds 2025 Total Funds 2024 Total Funds INCOME AND EXPENDITURE Note Income from: Donations, sponsorships and grants Total income 1,270,840 385,934 1,656,774 172,881 1,270,840 385,934 1,656,774 172,881 Expenditure Charitable activities 168,738 85,934 254,672 176,502 Total fyxpgnditure 168,738 85,934 254,672 176,502 Net IncomellExpenditurel and Movement in Funds 1,102,102 300,000 1,402,102 13,6211 Fund Balance brought forward 86,741 86,741 90,362 Fund Balance at 31 August 2025 1,188,843 300,000 1,488,843 86,741 Page.. 10
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Balance Sheet as at 31st August 2025 2025 2025 2024 2024 Note Current Assets Debtors Cash at bank and in hand 1,414,700 107,981 9,681 80,865 1,522,681 90,546 Creditors- Amounts falling due within on9 year 133,8381 {3,8051 Net Current Assets 1,488,843 86,741 Net Assets 1,488,843 86,741 Funds Restricted funds Unrestricted general funds 300,000 1,188,843 86,741 1,488,843 86,741 The accounts have been prepared in accordance with the special provisions relab'ng lo small companies within Part 15 of the Companies Act 2006. Approved and authorised for issue by the Board on.. snd by.. 21131ODC02t940C.. C Shirley Chairman Date.. 221612026 Company Number: 07720188 Page.. 11
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Footbal Club Limited Statement of Cash Flows and notes 2025 £'ooo 2024 £'ooo Note Cash generated from operatlng actlvltles: Net cash provided byllused inl operating activities 27,116 113,601) Change in cash and cash equivalents in the reporting period 27,116 113,601) Cash and cash equlvalents at 31 August 2024 80,865 94,466 Cash and cash equivalents at 31 August 2025 107,981 80,865 Note lil Reconclllatlon of net Income to net cash flow from o eratln actlvltles 2025 £'ooo 2024 £'ooo Nel in¢omel lexpenditurel as per the slalement of financial activities Ilncreaselldecrease in debtors Increaselldecreasel in creditors 1,402,102 11,405,019) 30,033 13,621) 11,0441 18,9361 Nel cash used in operating adivities 27,116 113,6011 Anal sis of cash and cash e uivalents 2025 £'ooo 2024 £'ooo Cash in hand 107,981 107,981 80,865 80,865 Total cash and cash aquivalents Anal sis of chan es in net debt At 0110712024 Cash Flows At 3010612025 Cash 80.865 27,116 107,981 Page.. 12
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2025 1 Accounting Policies 1.1 Basis of preparation of financial statements The financial ststemenls 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 IFRS 1021. The Charity is a public benefit entity for the purposes of FRS 102 and therefore the Charity also prepared ils financial statements in accordance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance th the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORPI, the Companies Act 2006 and the Charities Act 2011. The financial ststemenls 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 concern The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of al least one year from the date of approval of the financial slatemenls. In particular the Iruslees have considered the charills forecasts and projections and have taken account of pressures on donation income. After making enquiries the trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues 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 lo the income, receipt is probable and the amount can be quantified with reasonable accuracy. Income received in advance is deferred where it would be repayable if conditions are not met in the future. 1.4 Expendlture Al expenditure is accounted for on an accruals basis and is directly classified under the expenditure category lo which il relates. Support costs have been allocated lo the charitsble aclivty to which they relate. 1.5 Governance costs Governance costs include those costs incurred in the governance of Ihe charity and are primarily associated with constitutional compliance and statutory requirements. 1.6 Unrestrlcted funds These resources arise from income provided for unrestricted purposes and from accumulated surpluses and deficits in the operations for charitable purposes and are expendable at the discretion of the Trustees. 1.7 Restricted funds Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. 1.8 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, other short-term liquid investments with original malurilies of three months or less. Page.. 13
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31 st August 2025 1 Accounting Policies {continuedl 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charills balance sheet when the charity becomes party lo the conlraclual provisions of the instrument. Financial assets and liabilities are offset, with the nel amounts presented in the financial slalements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to sellle on a net basis or to realise the asset and settle the liability simultaneously. With the exceptions of prepayments and deferred income all other debtor and creditor balances are considered lo be basic financial instruments under FRS 102. 1.10 Key estimates and judgements In preparing financial statements il is necessary to make certain judgements, eslimales and assumptions that affect the amounts recognised in the financial statements. In the view of the trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amovnls recognised in the financial statements nor do any estimates or assumptions made carry a sianificanl risk of material adjustment in the next financial year. 2 Transactions with Trustees During the year, there were no amounls12025= £nil) paid on behalf of Iruslees in relation lo reimbursement of expenses. There were no year end creditors in relation to this. 3 Donatlons, sponsorshlps and grants 2025 Unrestricted funds 2025 Restri¢led funds 2025 Total Funds 2024 Total Funds Donations Gift aid Events income Sponsorships Grants 1,157,010 92,010 320 4,500 17,000 1,157,010 92,010 320 4,500 402,934 1,656,774 109,751 27,630 6,000 29,500 172,881 385,934 1,270,840 385,934 All donations, sponsorship, and grant income in 2024 was unrestricted. 4 Expenditurg on charitsble activities 2025 2025 2025 2024 Unrestrlcted Restrlcted Total Funds Total Football activities 168,738 168,738 85,934 85,934 254,672 254,672 176,502 176,502 Within unrestricted expenditure is £18,00012024.. £0} paid to the independent auditor for the audit of the financial stslemenls. In the prior period, within unrestricted expenditure there was £3,636 paid lo the independent examiner of the financial statements. Page: 14
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2025 5 Staff Costs and Numbers 2025 2024 Wages and salaries Social Security Costs Pension Costs 42,237 4,042 840 47,119 8,000 8,000 The charity had 2 employees in the year to 31 August 202512024.. 11. There were no employees {2024.' nil) who received employee benefits of more than £60,000. 6 Debtors 2025 2024 VAT Recoverable Trade Debtors Prepayments 242.102 270 1,172,328 1,414,700 9,681 9,681 7 Creditors- Amounts falling due within one year 2025 2024 Trade creditors AccrLJals 15,838 18.000 193 3.612 33,838 3,805 8 Funds Balance at 3110812024 Balance at 3110812025 Income Expenditure Transfers Unrestricted Funds 86,741 1,270,840 {168,7381 1,188,843 Restricted funds Youth Football Teams SummerAGtivities Children Are Heafthy Operations and Fundraising- Staff Costs 48,934 5,000 17,000 148,9341 {5,0001 117.0001 15,000 115,0001 LCS Development 300,000 300,000 Tolal Funds 86,741 1,656,774 1254,6721 1,488,843 Page.. 15
Docusign Envelope ID.. 027AC950-392U253-80E3-1BCFDDDF17FO Kensington Dragons Football Club Limited Notes to the Financial Statements For the year ended 31st August 2025 8 Funds (continued} Balance at 3110812023 Income Expenditure Transfers Balance at 3110812024 Unrestricted Funds 90,362 172,881 {176,5021 86,741 Restricted funds Administrator fvnd Total Funds 90,362 172,881 1176,5021 86,741 Youth Football Taams To fund kits, equipment, pitch hire and coaching expenses for youth football activities. Summer Activities To fund the running of youth football activities during the summer break. Staff Costs To contribute towards the employment of the Operations and Fundraising Manager. Development at LCS To fund the creation of The Dragons Den, Kensington Dragons FC'S new ground. 9 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 member is limited lo £1. 10 Related Party Transactions The charity received unreslricled donations from 3 Iruslees totalling £361,000 in the year lo 31 August 2025 12024.. £65,050). The charity received unreslricled donations of £285,00012024.' £nill from Clarendon Corporation Ltd, an entity with 8 common directorllruslee. 11 Post balance sheet events After the year end, the charity enlrered into a lease agreement with the London Borough of Hammersmilh and Fulham for the use of the Linford Christie Sports Centre for 40 years at the rate of 1 lonel peppercorn per annum. Page.. 16