Charity number: 1202330 WALTON MK FC UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
WALTON MK FC CONTENTS Page Reference and Administrative Details of the Charity. its Trustees and Advisers Trustees. Report Independent Examlner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-16
WALTON MK FC REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025 Trustees S Potter, Chair M McGinlay, Trustee G Clark, Trustee D Rowell, Trustee L Tomlin, Trustee L Martin, Trustee M Humes, Trustee Charity reglstered number 1202330 Prlnclpal offlce 116 Studley Knapp Walnut Tree Milton Keynes MK7 7NE Accountants MHA Chartered Accountants The Pinnacle 150 Midsummer Boulevard Milton Keynes MK9 1LZ Page 1
WALTON MK FC TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2025 The Trustees present their annual report together with the financial statements of the Charity for the 1 August 2024 to 31 July 2025. Objectives and activities a. Polieies and objectives The objectives of the charity are to promote community P8rtiClP8tion in healthy recreation by the provision of facilities for the playing of association football. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit." running 8 charity IPB21'. We operate numerous policies and rather than listing them all here they can be found on our comprehensive website at https".IlwwM.waltonmkfc.eomlclub-infomalion b. Strategies for achieving objeetives Walton MK FC is a charity that wants lo create successful teams of well-adjusled, confident children. To achieve this it's important that we eate an environment that allows them to develop and understand their SFX)nsibilities. We ensure every single one of our managers passes at least the first recognised FA qualific8tion and we will support their development should they want to take their footballing journey further. We offer exeellent facilities at 811 of our playing venues and we have inst811ed defibrillators to ensure the wellbeing of p18yers, supporters and managers is 8t the forefront of or objectives. We have a dedicated committee of volunteers who work tIleSS1Y lo grow our charity and ensure football is available lo all, regardless of ability. c. Activities undertaken to achieve objeetives In the last year we had 26 teams consisting of boys, girls and adult teams. All of our volunteer managers have successfully passed all the required training and the volunteer committee meet al least once a quarter to discuss any issues lo ensure the objectives of the charity are achieved. The committee are extMelY dedicated and pride themselves on their collective values to ensure they provide the best provision of footb811 in the local area. d. Main activities undertaken to further the Charity's purposes for the public benefit The demand for football within Milton Keynes continues to grow and Iheofore we are reslricled by the space available lo host football matches. The charity is very proud that we have been able lo increase the amount of teams despite this. through running open sessions al no cost lo attendees, and are extremely grateful to our local SFX)nsors for their help on this joumey. We have held a number of fundraising aelivilies including a Club Monthly Supporters Dmw, team based fundraising events and our annual BBQIPresentation day to ensure we can keep the costs of providing football as low as possible, something we are very proud of. Page 2
WALTON MK FC TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Achievements and performance a. Main achievements of the Charity Another fantastic year for the Clubl On average we provided football facilities to circa $50 people every week, for boys, gids and 8dults within the local area. We have worked with the local council to improve the Ioc81 facilities, we have made donations and contributions lo local foodbanks, we have trained every one of our new football managers I coaches and continue to ensure football is available to everyone regardless of ability. Financial review a. Going eoneem After making appropriate enquiries, the Trustees have 8 reasonable expectation that the Charity has adequate resources to eontinue in operational existence for the foreseeable futu. For this reason, they continue lo adopt the going concern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going concem basis can be found in the accounting policies. b. Reserves policy Purpose: We maintain an appropriate level or reserves lo manage uneertainty and lo ensure we have adequate resources lo fund equipment and pitch hire. This allows us lo manage our cashflow as our expenditure is not linear and means we ean meet our g081s and objectives of promoting community participation in healthy recreation by the provision of facilities for the p18ying of association footb811. The committee review the level of reserves based on expected future cashflow requirements rather than as percentage of income. The reserves will be used to fund our winter training Costs and to cover any unforeseen expenses. In addition they are used lo fund our hardship fund and also to make charitable donations such as the local foodbank. The Trustees will take all necessary steps to ensure that al no lime would il be possible for the cessation of one or more funding streams to present so serious a challenge lo the future of the charity that il could not be managed so as to continue to meet ils Charitable objectives. As at the end of our accounting year our free Cash reserves were £37,528. Structure, govemance and management a. Constitution Walton MK FC is a registered Charity, number 1202330, and is constituted under a Trust deed. Page 3
WALTON MK FC TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Structur•p gov•rn•n¢• and man4g•m•nt ieontlnu•dl b. Plothod• of appolntment or •l•cllon of Tru8t•e8 The marogement of the Chaiity 18 the responslblllty of the TNglee8 vtho are elected and ctroptsd under the terms of the Trust deed. Stat•m•nt of TnMts••' r••ponilbllltl . .The Trustees are"re3PDn$ible for preparing the Tru8tee8' Report and the financial statements in arJ>)rdance with applicable law ar Unrted Kingdom.,Aco)untsng Standards. (United 'ngdOm,.Gan9faIty.AeCep1ed.A¢Counl1ng Practice). The law applicable to tharities In England & Wales requires the Trustees to prepare finarrial $tenIS for each financaal give a true and fair vw of the stale of affairs of the Charity and of it8 in¢X>ming Te80urces and application of resources. induding rts InMe an¢J expeThJilure, for that Fen"od. In preparing.these tinanual statements. the Trustees are required to: $eled sUita1e accx)unting polidés'and then apply th8rri conslslentlw, obseNe the methods and principl ofthe Charilie5'SORP IFRS 102};':'": make judgments and'accounting 8timat¢S that'arè reasonable and prudenL . $tst8 whgthar applirAble UK A¢¢ounling Standards IFRS 102)'have been follov•td.' ble£* to any rt)atari departures disdosed and explained in the financial stslements.. prepare the finanoal statements on the goirw concem ba$is unles$ it 18 inappropriale fo presume.that the Charity will continue in business. 'The Trustees are re$pon$ible'for keeping adequate accounting rerS that are suifictenl to show an(1 explain thg Chariils transactions and disclose reasonable accuracy at any time the financial position of tha Char7ty and enae them to ensure that thè financial statements comply. with the Charities Act 2011, the Charity IAccou"nts and Reports). Regulations 20.08 and the w,ovisions of the Trust'deed. They are also responsible for -safeguarding the a39ets' of the Charity and hence for taking reasonable steps'for the preventson and detection of fraud and other irreguianbes. Approved by order of the members of the board of Tru8te8s and signed on their bohalf by: (Chair of Trustees) Date: Z li Page 4
WALTON MK FC INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025 Independent Examinerfs Report to the Trustees of Walton MK FC I'the Charity'l I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 July 2025. Responsibilities and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'lhe 2011 ACVI. I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent Examiner's Statement Your allenlion is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the exlanl regulations bul has been withdrawn. l understand that this has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confimi that no mallers have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act,. or the accounts do not accord with those records", or the accounts do not comply with the applicable requirements conceming the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have Come across no other matters in connection with the examination to whieh attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in aecordance with Part 4 of the Charities IAccounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's Trustees those mallers l am required lo slate to them in an Independent Examinerfs Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Page 5
WALTON MK FC INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 JULY 2025 Signed.. Dated.. 3 December 2025 Elizabeth Newell BA IHonsl FCA MHA Chartered Accountants Milton Keynes MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales Iregistered number OC4555421. Page 6
WALTON MK FC STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 Unrestricted funds Year ended 31 July 2025 Total Total funds funds Year ended Period ended 31 July 31 July 2025 2024 Note Income from: Charitable activities 86,152 86,152 108,069 Total income 86,152 86,152 108,069 Expenditure on: Charitable activities 84,834 84,834 71,859 Total expenditure 84,834 84,834 71,859 Net movement in funds 1,318 1,318 36,210 Reconciliation of funds.. Total funds brought forward Nel movement in funds 36,210 1.318 36,210 1,318 36,210 Total funds carried forward 37,528 37,528 36,210 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 10 16 form part of these financial slatemenls. Page 7
WALTON MK FC j....4 .'ts4'xiI..#ir,I'i'.Jl1l1.".: 6£,-.¥T, BALANCE SHEET '.IAS AT 31 JULY 2026 Noto 2025 . l.K"54K Tangible assets 1.308 2,648 1.308 2,548 Gurrent assets Cash at bank and In hand. 36.220 33,664 36,220 Curr•nt1Sabllltlgs N•t.curront aty... 36.220 33,664 Total a$ts loss ¢unpnt Ilabllltlo8'"' 37.528 36.210 N•ta•••ts clUdIng.nt0 aB8•t'".I Total 58ets. 37.528 36.210 37,528 36,210 .¢rIty fund$ ". ResIried fvnds Unrestricted Itinds .10 10 37.528 36,210 T¢)tal fund& 37,528 36.210 The ftnanryal statenpnts were approved and authorised for issue by the Tru$te&s and signed on their behaff by.. (Chair of Tnmtees) Date.. £&]11 .The note8 on page8 9 to 16 fomi part of the$e fin*ndal Slalements. .,..,. Pago 8
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 General information Walton MK FC is a registered Charity in England and Wales and is unincorporated. The address of the principal office is 116 Sludley Knapp, Walton Tree, Milton Keynes MK7 7NE. Accounting policies 2.1 Basis of preparation of financial ststements The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting and Reporting by Charities". Slalement of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departLJre has involved following the Charities SORP IFRS 1021 PLJblished in October 2019 rather than the Accounting and Reporting by Charities". Statement of Recommended PracliTr effective from 1 April 2005 which has since been withdrawn. Walton MK FC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless othenNise stated in the relevant accounting policy. 2.2 Going concern Al the time of approving the financial stslements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. 2.3 Income All income is recognised once the Charity has entillemenl to the income, il is probable that the income will be received and the amoLJnt of income receivable can be measured reliably. 2.4 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, Including support costs inVoed in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those 8otivities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities Is incurred on direclly undertaking the activities which further the Charity's objectives, as well as any associated support costs. Page 9
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Accounting policies Icontinuedl 2.5 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their eslimaled useful lives, Depreciation is provided on the following basis.. Office equipment 33Qh Slraighl line 2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the dale of acquisition or opening of the deposit or similar account. 2.7 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured al their selllemenl value with the exptIOn of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.8 Fund accounting General fvnds are unreslricled fvnds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Income from charitable activities Unrestricted Total funds funds Year ended Year ended 31 July 31 July 2025 2025 Income from charitable activities 86,152 86,152 Page 10
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Income from charitable activities {continued} Unrestricted Total funds funds Period ended Pgriod ended 31 July 31 July 2024 2024 Income from charitable activities 108,069 108,069 Analysis of expenditure on charitable activities Summary by fund type Unrestricted funds Total Year ended Yoar ended 31 July 31 July 2025 2025 Direct costs 84,834 84,834 unSInGted funds Total Period ended Period ended 31 July 31 July 2024 2024 Direct costs 71,859 71,859 Page11
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysis of expenditure by activities Activities undertaken Total directly funds Year ended Year ended 31 July 31 July 2025 2025 Direct costs 84,834 84,834 Activities undertaken Total directly funds Period ended Period ended 31 July 31 July 2024 2024 Direct costs 71,859 71,859 Analysis of direct costs Total Activities funds Year ended Yoar ended 31 July 31 July 2025 2025 Pitchlvenue hire 38,841 23,143 2,709 7,514 1,550 6,257 3,540 42 1,238 38,841 23,143 2,709 7.514 1,550 6,257 3,540 42 1,238 Equipment & kits League costs Professional training Match costs Sundry coslslexpenses Non football expenses Bank charges Depreciation 84,834 84,834 Page 12
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Analysis of expenditure by activities Icontinuedl Analysis of direct costs {continued} Total Aclivi118S funds Period ended Period ended 31 July 31 July 2024 2024 Pitchlvenue hire Equipment & kits League costs Match costs Professional training Sundry coslslexpenses Non football expenses Bank charges Depreciab'on 29,923 23,369 2,387 3, 775 1,885 8,618 667 29,923 23,369 2,387 3,775 1,885 8,618 667 68 1,167 68 1,167 71,859 71,859 Independent examiner's remuneration Year ended Period ended 31 July 31 July 2025 2024 Fees payable lo the Charity's independent examiner for the independent examination of the Charity's annual accounts 1.995 1,900 Trustees. remuneration and expenses During the year, no Trustees reIVed any remuneration or other benefits {2024- £NIL). During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NIL). Page 13
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Tangible fixed assets Office equipment Cost At 1 August 2024 3,713 At 31 July 2025 3.713 Depreciation At 1 August 2024 Charge for the year 1,167 1,238 At 31 July 2025 2,405 Net book value At 31 July 2025 1,308 At31 July 2024 2,546 Financial instruments 2025 2024 Flnanclal assets Financi81 assets measured at fair value through income and expenditure 36,220 33,664 Page 14
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 10. Statement of funds statement of funds - current year Balance at 1 August 2024 Balance at Income Expenditure 31 July 2025 Unrestricted funds General Funds 36.210 86,152 184.834} 37,528 Statement of funds - prior year Balan at Income Expenditure 31 July 2024 Unrestricted funds General Funds 108.069 (Tl,859J 36,210 11. Summary offunds Summary offunds - current year Balance at 1 August 2024 Balance at Income Expenditure 31 July 2025 General funds 36,210 86,152 (84,834) 37,528 Summary offunds - prlor year Balan at Income Expenditur8 31 July 2024 General funds 108.069 (71,859) 36,210 Page 15
WALTON MK FC NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 12. Analysis of net assets between funds Analysis of net assets between funds - current year Unrestricted funds 2025 Total funds 2025 Tangible fixed assets Current assets 1,308 36,220 1,308 36,220 Total 37,528 37,528 Analysis of net assets between funds - prior year Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets 2,546 33,664 2,546 33,664 Total 36,210 36,210 13. Related party transactlons One of the trustees also runs another football club, Football Feeders. During the period, Walton MK FC have paid pitch hire fees on behalf of Football Feeders amounting lo £2,750 12024.. £9901 lo aid the development of football within the local community. In return, Football Feeders have helped lo support Walton MK FC by helping the development of their new U7 teams. Page 16