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
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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.
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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 OffI￿r 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.
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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.
s￿n￿d by..
21834DDC028940C
C Shirley
Chairman
Date.. 221612026
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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 con￿rn 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.
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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.
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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 ac￿pt 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¢c33S7￿4s
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
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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..
s￿n￿d by..
21131ODC02t940C..
C Shirley
Chairman
Date.. 221612026
Company Number: 07720188
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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.
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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