REGISTERED COMPANY NUMBER: 09284370 (England and Wales) REGISTERED CHARITY NUMBER: 1161339 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ocfoBER 2024 FOR MARGATE FOOTBALL CLU8 COMMUNITY TRUST
MARGATE FOOTBALL CLUB COMMUNITY TRUST CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Page Reference and administrative details Report of the trustees Independent Examiner's report Statement of Financial Activities Balance sheet Notes to the account5 7-12 Detailed Statement of Financial Activities 13
MARGATE FOOTBALL CLUB COMMUNITY TRUST REFERENCE AND ADMINSTRATIVE DETAILS FOR THE YEAR ENDED 31 ocfoBER 2024 TRUSTEES Chris Carter Deny Wilson REGISTERED OFFICE Margate Football Club Hartsdown Road Mar8ate Kent CT9 5QZ REGISTERED COMPANY NUMBER 09284370 (England and Wales) REGISTERED CHARifi NUMBER 1161339 INDEPENDENT EXAMINER Cleverdons Chartered Accountants and Business Advisors 7 The Broadway Broadstairs Kent CTIO 2AD Page I
MARGATE FOOTBALL CLUB COMMUNITY TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ocfo8ER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable to charities in Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. OBJEcfivES AND AcfiviTIES Objectlves and alms The Charity's objective is to promote all purposes recognised a5 charitable under the law of England and Wales, in particular through the association with amateur sport for the benefit of the public generally and in particular for the community of Thanet.. al To promote community participation in healthy recreation in particular by the provision of facilities for the playing of football,. and bl To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, poverty or social and economic circumstances for the public at large, in the interest of social welfare and with the object of improving their conditions of life. Slgnlflc3nt artlvltles and achlevements In 2024 the Mar8ate FC Community Trust has continued to deliver the Homeless Football project to great success. This has strengthened the links between the charity and community and the partners that help deliver the project,. includin8 the Thanet Oistrict Council, the NHS and various funders. We have introduced the "Golden Ticket" project acr055 Thanet. In this project we give each Primary School a season ticket to all home lea8ue5 8ames Icolored 8oldl and the school can use this to reward a student each week. With a golden ticket, the student can come to a Margate 8ame with their immediate family and all receive free entry for all. The ticket is then 8iven back to the school and they can chose another student to reward. This project gives school a tool by whlch to help motivate children with a reward that has a tan8ible outcome. We were also successful in bidding for fLtnding from the government's Holiday Activity Fund IHAFI in which we were able to offer half term holiday actlvities to children locally that included a hot meal. This Scheme was created to help feed children who are on free school dSnners at school and who are at risk of hunger during half terms. Unfortunately, we were not able to deliver the Sporting Memories project in 2024, however we were able to agree with the funder, the Shared Prosperity Fund, to push the project back by a year and deliver it in 2025. One project that stopped this year was the Soccer Camps, which have been now taken over by Mar8ate Youth Football Club. In the future we will look to start other football coaching based projects. Finally, we have had a strong year with new grant applications both for new project5 and for ongoing funding for existing projects with notable praise going to Pat Sutcliffe who has consistently delivered well thou8ht-out out and written grant applications. Public Beneflt When plannin8 our activities the trustee5 consider the Commission's guidance on publlc benefit. STRucfuRE GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its 8overning document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Recrultment and appolntment of new trustees The method used to recruit and appoint new trustees is by an ordinary resolution. continued... Page 2
MARGATE FOOTBALL CLUB CoMMUNITRUST REPORT OF THE TRUEE5- continued FOR THE YEAR ENDED 31 ocfoBER 2024 Induction and training of new trustees New Trustees are fully briefed on the Charities, activities and procedures. FINANCIAL REVIEW The unrestricted fund had a deficit for the year of £85612023.. £5291. There was a transfer of £7,000 from the unrestricted fund to the Homeless Football restricted fund. This leaves a surplus on unrestricted reserves carried forward of £37812023.. £8,234). The restricted funds had a deficit during the year of £5,15612023'. surplus £8,249). There was a transfer of £7,000 to the Homeless Football restricted f und from the unrestricted fund, which leaves a surplus on restricted funds carried forward of £10,12312023= £8,2491. Reserves policy As per the Margate Football Club Community Trust policy all surplus income will be'ring fenced, and put towards projects in the following year. In this way, we are able to 'levera8e" the money we have raised to gain match funding from other grant providers. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approve by order ofthe Board of trustees ong Oc*tkw2D 2£and signed on its behalf by.. Oeny Wilson-Trustee Page 3
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MARGATE FOOTBALL CLUB COMMUNITY TRUST Independent examlner's report to the trustees of Margate Football Club CommunityTrust I report to the charity trustee5 on my examination of the accounts of the company for the year ended 30 September 2024 which are set out on pages 5 to 12. Responsibilities and basis of report As the charity trustees of the company land also its directors for the purposes of company lawl you are fesponsible for the preparation of the accounts in accordonce with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts of the company 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 examinatlon of your companvs accounts as carried out under section 145 of the Charities Act 20111'the 2011 Act'l. In carrying out my examination I have followed the directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlner's $tatement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l accounting 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 Act other than anv requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examination,. or 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the account5 to be reached. Signed.. ev rdon FCA ICAEW Cleverdons Chartered Accountants & Business Advisors 7 The Broadway Broadstairs Kent crio 2AD Date.. Ql,.l)d> Page 4
MARGATE FOOTBALI CLUB COMMUNITY TRUST STATEMENT OF FINANCIAL AcfiviTIES {INCLUDING INCOME AND EXPENDITURE) FOR THE YEAR ENDED 31 ocfo8ER 2024 Unre5trirted fund Restricted funds 2024 Totsl funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 1,188 30,760 31,948 18,187 Charitable activities Football coaching camps 12,236 Total Income 1,188 30,760 31.948 30,423 EXPENDITURE ON Charitsble actlvltles Football coaching camps Equipment for Margate Youth Football Homeless Football Holiday activities and food Golden Ticket Kit and football fees for youths suffering hardship 14,152 1,300 6,751 1,520 300 224 29,976 5,910 31,496 6,210 224 500 Total expenditure 2,044 35,886 37,930 22,703 NET INCOME I (EXPENDITURE) 18561 15,1261 15,9821 7,720 TRAf4SFER OF FUNDS 17.0001 7,000 RECONCILATION OF FUNDS Total funds brought forward 8.234 8,249 16,483 8.763 TOTAL FUNDS CARRIED FORWARD 378 10,123 10,501 16.483 All income and expenditure derive from continuing activities. The statement of financial activities includes all 8ains and losses recognised during the year. The notes form part of these financial statements Page 5
MARGATE FOOTBALL CLUB COMMUNITY TRUST BALANCE SHEÉT 31 OCT08ER 2024 Unrestrlcted Restrlcted fund funds 2024 Total funds 2023 Total funds Notes FIXED ASSETS 187 187 CURRENT ASSETS Debtor5 Cash at bank and in hand 12 2,960 3,284 6,244 10,796 18601 9,936 13.756 2,424 16,180 16,973 6,062 23,035 CREDITORS Amounts falling due within I year 13 15,8661 15,8661 16,5521 NET CURRENT A$ss 378 9,936 10,314 16,483 TOTAL A$ss LESS CURRENT LIABILITIES 378 10,123 10,501 16,483 NET ASSET5 378 10,123 10,501 16,483 FUNDS Unrestricted funds Restricted funds 378 8,234 8,249 10,123 TOTAL FUNDS 10,501 16,483 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2CM)6 for the year ended 31 October 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2C6. The trustees acknowled8e their responsibilities for lal ensuring that the charitable company keep5 accounting record5 that comply with Settion5 386 and 387 ofthe Companies Act 2006 and Ibl preparing financial Statements which give a true and fair view of the state of affair5 of the charitable company a5 at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board ofTrustee5 and authorised for issue on 8 Octow 2025 and were signed on its behalf bv.. D PWilson- rustee The notes form part of these financial statements Page 6
MARGATE FOOTBALL CLUB COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 I ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP IFRS1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The accounts have been prepared under the historical cost convention. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl. The accounts have been prepared on a going concern ba515 a5 no material uncertainties exist. Income Income is reco8nised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliablv. Income from government and other grants are recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met then these amounts are deferred. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to that category. Where costs cannot be directly attributed to particular headin8S they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from corporation tax on its charitable activities Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives and the discretion of the trustees. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are to be solely used for particular projects being undertaken by the charity. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. The notes form part of these financial statements continued. Page 7
MARGATE FOOTBALL CLU8 COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 OCTOBER 2024 2 DONATIONS AND LEGACIES 2024 2023 t)onations Grants 14,188 17,760 31,948 2,687 15,500 18,187 Grants received.. Thanet District Council Isthmian Football League Benevolent Fund Colyer Fergusson Charitable Trust EDSECO Kent Community Foundation 9,850 10,000 5,000 500 5,910 2,000 17,760 15,500 3 CHARITABLE AcfiviTIES COSTS Dlrect costs Support Totals Homeless Football Holiday activities and food Golden Ticket 29,976 5,910 213 36,099 1,520 300 li 1,831 31,496 6,210 224 37,930 4 NEf INCOME/IEXPENDITUREI 2024 2023 Net income/lexpenditurel Is stated after charging: Depreciation Independent examinatSon 82 875 840 5 TRUSTEES REMUNERATION AND 8ENEFIT5 None of the trustees received any remuneration or benefits durin8 the year. There were no trustees, expenses paid for the year ended 31 Oct 2024 nor the previous year. The notes form part of these financial statements continued... Page 8
MARGATE FOOTBALL CLUB COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THEYEAR ENDED 31 ocfoBER 2024 6 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre5trirted funds Restricted funds 2023 Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 2.687 15,500 18.187 Charltable artlvities Football coaching camps 12,236 12,236 Total 14,923 15,500 30,423 EXPENOITURE ON Charitable activitie5 Football coaching camps Equipment for Margate Youth Football Homeless Football Kit and football fees for youths suffering hardship 14.152 1,3(Ki 14,152 1,300 6,751 500 6,751 500 Total 15,452 7,251 22,703 INCOME / (EXPENDITURE} RECONCILIATION OF FUNDS Total funds broughtforward TOTAL FUNDS CARRIED FORWARD 15291 8,249 7,720 8,763 8.234 8,763 16,483 8,249 7 TANGIBLE FIXED ASSETS Plant and machlnery Total COST At l November 2023 Additions Disposals At 31 October 2024 269 269 269 269 DEPRECIATION At l November 2023 Charge for the year At 31 October 2024 82 82 82 82 NET BOOK VALUE At 31 October 2024 At 31 October 2023 187 187 8 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Margate Football Club Ltd MFC Investments Ltd 9,821 3,935 13,756 7,232 9,741 16,973 The notes form part of these financial statements continued... Page 9
MARGATE FOOTBALI CLUB COMMUNITY TRUST NOTESTO THE FINANCIAL STATEMENTS- contSnued FOR THE YEAR ENDED 31 ocfoBER 2024 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade ¢reditors Other creditors Accruals and deferred Income 877 4,114 875 5,866 893 4,114 1,575 6.582 10 MOVEMENT IN FUNDS Net movement In funds Transler between funds At 3111012024 At 111112023 Unrestrlrted funds General fund Restrlrted funds Homeless Football Sporting Memories Hardshlp TOTAL FUNDS ,234 18561 17,0001 378 8,249 114,9761 9,850 7,000 273 9,850 5,982 10.501 Net movement In funds, Included In the above are as follows: Incomln8 re50ur¢es Resources expended Movement In funds Unrestrlcted funds General fund Restrlcted funds Homeless Football Sporting Memorles Holiday Actlvltles And Food Hafdshlp TOTAL FUNDS 1,188 12,0441 18561 15,000 9,850 5,910 129,9761 114,9761 9,850 15,9101 31,948 137.9301 15,9821 Comparatlves for movement In funds Net movement In funds Al 3111012023 At 111112022 Unre5trlcted funds General fund Re5trirted funds Homeless Football Hardship TOTAL FUNDS 8,763 15291 8,234 8,249 8,249 8,763 7,720 16.483 The notes form part of these financial statements Continued... Page 10
MARGATE FOOTBALL CLU8 COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 OCTOBER 2024 9 MOVEMENT IN FUNDS (contlnued) Incoming resources Re50urce5 expended Movement in funds Comparative net rnovement in fuDds included above: Unrestrirted funds General fund Restrirted fund5 Homeless Football Hardship TOTAL FUNDS 14.923 115,4521 15291 15,IXJO 500 30,423 16,7511 15001 122,703) 8,249 7,720 A current year 12 months and prior year 12 months combined position is as follows.. Net movement in funds At 3111012024 At 111112022 Unrestricted funds General fund Restricted funds Homeless Football Sporting Memories Hardship 8,763 11,3851 7,378 16,7271 9,850 16,7271 9,850 TOTAL FUNDS 8,763 1,738 10,501 Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund Restrlcted fvnds Homeless Football Sporting Memories Hardship 16,111 117,4961 11,3851 30,000 9,850 500 136,7271 16,7271 9,850 15001 TOTAL FUNDS 56,461 154,7231 1,738 The notes form part of these financial statements continued... Page 11
MARGATE FOOTBALL CLUB COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENT5 - continued FOR THE YEAR ENDED 31 OCTOBER 2024 10 RELATED PARTY DISCLOSURES The charity is closely affiliated with Margate Football Club Ltd. At 31 October 2024 Margate Football Club Ltd owed the charity £9,82112023.. £7,232). This debtor is made up as follows.. 2024 2023 Owed fromlltol Margate Football Club Ltd - unrestricted funds Owed from/ltol Margate Football Club Ltd - restricted fund5 4,341 5,480 9,821 3,387 3,845 7,232 One of the trustees is a director of MFC Investments Ltd. At 31 October 2024 MFC Investments Ltd owed the charitv £3,93512023: £9,741). This debtor is made up as follows: 2024 2023 Owed from/ltol MFC Investments Ltd - unrestricted funds Owed from/ltol MFC Investments Ltd - restricted funds 11,3811 5,316 3,935 1631 9,804 9,741 11 STATUTORY INFORMATION Margate Football Club Community Trust is a private company, limited by guarantee, registered in England and Wale5, with company number 09284370. The registered charity number is 1161339. The company's re8lStered office is Margate Football Club, Hartsdown Road, Margate, Kent cr9 5QZ. 12 RESTRicfED FUNDS Hardship A fund to support youth players by funding their kit and football fees. Homeless Football The Homeless Football project brings in the local homeless population to Hartsdown Park Stadium where they have access to breakfast, clothes washing facilities, hot and cold drinks, washroom facilities including showers, a hot dinner and football coaching and games. On top of this is the other professional setvices have linked with us to deliver physical health assessments and interventions, mental health assessments and interventions, dental services, CV writing and housing services. The project has been a resounding success $0 far and this has been recognised by local and national news outlets including the BBC. Holiday Activities and Food (HAF) The Holiday Activities and Food programme is a government-funded initiative that provides free holiday activities and meals during school breaks for children and young people eligible for free school meals. It aims to support their health, wellbein8, and learning by offering enriching activities and nutritious food. Sporting Memories The Sporting Memories Fund is aimed at tackling loneliness in the elderly. To achieve this, we will run a pickup and drop off service and bring the targeted group into Hartsdown Park to watch old and new 5POrting events together, talk eat and drink and offer some respite from loneliness. The notes form part of these financial statements Page 12
MARGATE FOOTBALL CLUB COMMUNITY TRUST DEfAILED STATEMENT OF FINANCIAL A1VITIEs FOR THE YEAR ENDED 31 ooBER 2024 Unrestricted Restrlcted 2024 2024 Totsl 2024 Total 2023 INCOME Donation5 and legacie5 Donations Grants 1,188 13,000 17,760 30.760 14,188 17,760 31,948 2,687 15,500 18,187 1,188 Ch31itsble artivities Football coaching camps 12,236 12,236 Totsl incomin8 resources 1.188 30.760 31,948 30,423 EXPENDITURE Charitable activitie5 Summer Camp coaching Summer Camp trophies and medals Project management Coachin8 Facilities Hire Food and drinks Consumables Theatre trip Equipment for Margate Youth Football Club Golden Tickets Depreciation Hardship donation Youth football fees 11,080 1,839 5,400 11,526 2,025 13,305 6.760 133 861 11,526 2,025 13,305 7,954 133 861 945 210 196 1.300 213 213 82 82 449 51 21,470 213 34,692 36,099 Support costs Computer expenses Accountancv Sundries Bank charges 410 875 401 145 1,831 410 875 380 840 401 13 145 1,831 1,233 Total expenditure 34,692 37,930 22,703 Net surplus/ldeficitl for the year 18561 13,9321 15,9821 7,720 Page 13