MORTON IN THE COMMUNITY SCIO
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024
| Company Registration | CS006175 |
|---|---|
| Charity Number | SC040819 |
This is Bluejay Limited 54 Kelly Street GREENOCK PA16 8TR
MORTON IN THE COMMUNITY SCIO Contents of Financial Statements For the year ended 30 September 2024
| Page | |
|---|---|
| Report of the Trustees | 1 - 2 |
| Independent Examiners Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 9 |
| Detailed Statement of Financial Activities | 10 - 11 |
MORTON IN THE COMMUNITY SCIO
REPORT OF THE TRUSTEES
For the year ended 30 September 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The financial year 2023/24 was another successful chapter for Morton in the Community, marked by significant delivery and growth. In a time when rising costs and pressures impacted many households, we remained committed to supporting our community when they needed
Throughout the year, we launched several new initiatives, including:
Women’s Recreational Football Warm Hands of Friendship New to Scotland Football Project The First Inverclyde STEM Festival
These projects reflect our ongoing dedication to making Inverclyde a better, more inclusive place to live.
Our work was made possible thanks to funding from a range of funders, including the National Lottery Young Start Fund (supporting our Full STEM Ahead project), the UEFA Foundation for Children, and the Inverclyde Community Mental Health and Wellbeing Fund.
The year also saw key changes within our team. was promoted to Data and Impact Coordinator, reinforcing our commitment to measuring and showcasing our impact. We also welcomed back as Football for All Lead and promoted to More
Than Football Lead. These new roles were introduced following the departure of our General Manager, Jonny Roy, who left to pursue a new opportunity.
A standout moment from the year was our Off the Bench celebration, where we honoured our New to Scotland participants by sharing traditional Scottish foods alongside the national dish of Afghanistan—a powerful symbol of cultural exchange and community cohesion.
Another highlight was the Inverclyde STEM Festival, which welcomed over 1,100 visitors to explore and engage with the world of science, technology, engineering, and mathematics.
In summary, while the year brought its challenges, it was also filled with achievement, innovation, and lasting impact—leaving us with many positive memories and a strong foundation for the future.
FINANCIAL REVIEW
Financial position
The Trust closed the year with a surplus of £44,299, a significant improvement compared to the prior year’s deficit of £34,898. The overall financial position strengthened due to increased income, driven by additional grant funding and a growth in self-generated income streams. To mitigate the impact of rising operational costs, adjustments were made to the pricing structure of self-generated programmes, ensuring that costs were covered while maintaining programme delivery.
Expenditure for the year also increased, reflecting the higher levels of funding received and the investment in additional staffing to support the expansion of activities. These increases in both income and expenditure demonstrate the Trust’s ability to grow its operations sustainably while maintaining a stable financial position.
Principal funding sources
The charity's main sources of income have not changed during this financial year and can be broken down into four main categories, which are as follows:
-
End user incomes - the sale of coaching products
-
Grant Income from funding applications
-
Corporate Social Responsibility donations and company sponsorship
-
Fund raising activities and donations
Reserves policy and going concern
The trustees have reviewed the reserves of the charity and believe them to be adequate for the activities undertaken and planned. Their policy is to hold enough funds to meet any shortfall as between the cost of planned projects already commenced and external funding granted for such projects. New projects are not started unless the trustees are satisfied that adequate funding is in place either from committed external funds, our own resources or a combination of both. The trustees have reviewed the current reserves held by the charity in relation to the current pandemic. They are satisfied that the charity holds significant reserves to continue as a going concern for the next
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a SCIO as of 1[st] March 2023, limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
All new directors are selected with a view to ensuring that the Board has an appropriate balance of experience and skills relevant to the charity's strategic and operational requirements.
Organisational structure
Previously we decided to restructure as a Scottish Charitable Incorporated Organisation (SCIO- SC040819) which meant converting and closing the Company (SC364932) and continuing as the new SCIO as of 1 March 2023.
The statutory directors of the company are also charity trustees for the purposes of charity law and are known as members of the Board of Trustees. The charity trustees are responsible for the general control and managementof the charity. The trustees give their time freely and receive no remuneration or other financial benefits. The trustees meet together as a body bi-monthly and are responsible for all decisions taken in relation to running the community activities provided by the charity
Risk management
The Board of Trustees is responsible for ensuring that effective systems of control and risk management are in place and recognises that the management of risk is an integral aspect of all of Morton in the Community’s activities. The company operates a risk register which is reviewed and updated regularly by the Senior management team. The
The Governance Sub Group and the Risk Management Policy has been developed as part of the overall updating of procedures in the change to a SCIO. The Senior Management team is responsible for operational monitoring of the company's risk management systems and raising awareness and understanding of the risks. Risks are tracked with a target risk level agreed for risk mitigation.
Areas of focus are financial, health & safety, employee wellbeing and climate.
Risk Assessment
All staff members and volunteers must be members of the Protecting Vulnerable Groups Scheme.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CS006175 SC364932 (Scotland) (up to 01.03.23) Registered Charity number SC040819
Registered office
Cappielow Park Sinclair Street Greenock PA15 2TY
Trustees
Independent Examiner
This is Bluejay Limited, 54 Kelly Street, Greenock, PA16 8TR
Approved by Order of the Board of Trustees on 26th June 2024 and signed on its behalf by:
MORTON IN THE COMMUNITY SCIO Independent Examlners Report As at 30 ptemb&r 2024 REGISTEREDCHARfiY NO: REGISTEREDCOMPANY NO.. 5(04(619 175 I have examined the financkql statements ofthe inthE tsnrnurmtyI0. for the FerM)d endingxth September. 2024. These statements compii5ethe Ststementof FinanckqlActMbes,the Incorne and Eynditure ststemenL the BaLlr Sheetand Notestothe Firncial Statements set(xrt in pa8es 310 IL RESPEalVE REspopisi8iunES OFTHETRL(ESA1IDT EXAAIINER Theaty'StStee5•re reSpo1e forthe ryeparakn ol the orcordan¢e wilhthe(harfti2saryl Trustee Investment (Scotnd) Act M)5 and the charitsAcCOuntslsCotland) Re8uL4tsns 2(f& The onty'S Tnjstees conskler thatthe a(( requirement of (haritses RegulatiS does nDtawty. It is my re$Tr$1b1ytO exomlr the fInala1 statements as requlred underserth)n 44111 Icl tostsie parUcular matters hwe come to Dry attent BAS OF INDEPENDEMf EXAVINERS STATEMENT My examlnatlonls tarrled out kn atC0rdar ¥Ath Re8ulatk)n 11 olthtCh•lUes kttyjnts lkndandl Re8ulalkJr 2(6. An examlnalkjn 1cdeS a r¢¥ ofthe recd5 ke by thetharftyarwl a CLPas of thE accounts presented wtth tlK)5e records. It IncludEs cor&leritk¥n of arry bterrk% ord5sckreS In thearcwnts and Seeks expknnatlons frcrn the trustees corKernln8iny yjth matter& Tr procedure5 urKlert4ken do rnt prle•ll the evklence that w(ld be requlred kn an awltt c(msewentty. I do rK expre$5 •n oplnkn on the FInalal Ststemerrt& EXAMINER'S STATEMeKr In the course ol my e¥arnlnatkyb. no matter has(e to myattwrtkn.. that 8fves me reasor$8ble cause tobelkntthat In any mèterfal respect the Tequlrements to keep •ccountlrrf rec(rfds In ac(cdarKe wlth sertKJn44111 (al olthe 2LK15 Art and Re8. 4 01 the 2crfj kcounts Re8utstkns, ¥ThJ to prepare financ1 statements recontlk thtactountlw retord54nd tompty wAth Regu1 9 of the 2[ A(rtyJnts Re8ulatkn$ have not t*tn rrrt towhth In my CnI. attenth)n shodd be thawn In oth io otrrtalna rrfoper understsndkn8olthefin8ndal statementsto be re#hed 23rd ju. 2025 Page3
MORTON IN THE COMMUNITY SCIO Statement of Financial Activities
For the year ended 30 September 2024
REGISTERED CHARITY NO: SC040819 REGISTERED COMPANY NO: CS006175
| INCOME | Unrestricte d Funds Restricted Funds Total Funds 2024 |
2023 Total Funds |
|---|---|---|
| Donations & Legacies Charitable Activities TOTAL INCOME EXPENDITURE Direct Charitable Costs Governance |
5,450 26,647 32,098 9,849 456,129 465,978 15,299 482,776 498,075 23,005 429,209 452,214 1,563 1,563 |
118,391 264,415 |
| 382,806 | ||
| 414,889 2,100 |
||
| TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total Funds brought forward TOTAL FUNDS CARRIED FORWARD |
23,005 430,771 453,776 |
416,989 |
| (7,705) 52,005 44,299 47,294 - 97,041 49,747 55,000 - 149,045 94,046 |
34,183 - 83,929 |
|
| 49,747 |
Page 4
MORTON IN THE COMMUNITY SCIO Balance Sheet
As at 30 September 2024
REGISTERED CHARITY NO: SC040819 REGISTERED COMPANY NO: CS006175
| Notes FIXED ASSETS Tangible Assets CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS NET ASSETS FUNDS Restricted Funds Unrestricted Funds TOTAL FUNDS |
Unrestricted Funds Restricted Funds 3,913 231,904 2024 |
2023 Total Funds Total Funds 42 3,913 33,168 231,904 53,297 |
|---|---|---|
| 235,817 - 141,771 |
235,817 86,465 141,771 36,761 |
|
| 94,046 - |
94,046 49,705 |
|
| 94,046 - |
94,046 49,747 |
|
| 149,045 97,041 55,000 - 47,294 - |
||
| 94,046 49,747 |
The Financial Statements have been prepared in accordance with the Companies Act 2006. The Trustees are satisfied that the Charity is entitled to exemption from the provisions of the Act relating to the audit of the financial statements for the year pursuant to section 477, and that no members have requested an audit under section 476 of the Act.
The trustees acknowledge their responsibilities for ensuring that the Charity keeps accounting records in compliance with section 386 of the Act which give a true and fair view of the state of affairs of the Charity at the financial year end, and of it's surplus or deficit for the year in accordance with Section 393 of the Act relating to the financial statements, so far as is applicable to the Charity.
The financial statements were approved by the Board of Trustees and authorised for issue on 26th June 2024 and were signed on its behalf by:
Page 5
MORTON IN THE COMMUNITY SCIO NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 September 2024
1 ACCOUNTING POLICIES
Basis of Accounting
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities and Trustee Investment (Scotland) Act 2005 and the Companies Act 2006.
The financial statements are prepared under the historical cost convention.
The financial statements are presented in Sterling (£).
Going concern
The Trustees and Key Management Personnel have assessed the potential future of Greenock Morton Community Trust and whether it can continue as a going concern. After assessing all the potential impacts and future commitments, the Trustees have reasonably expectation that the charity has adequate resources and reserves to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised 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 reliably.
Income from government grants, whether a 'capital' grant or 'revenue' grant, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably.
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 the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not undertake charitable activities. Support costs include back office costs, finance, personnel and governance costs which support the charity's activities. These costs have been allocated to charitable activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 20% on cost |
|---|---|
| Computer equipment | - 33.3% on cost |
| Tangible fixed assets are included at cost less accumulated depreciation and impairment. |
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Contributions are also made to personal pension schemes, in the same manner, should these be in place for employees.
Financial instruments
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.
Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.
Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Cash and cash equivalents includes cash held at bank.
Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.
Provisions
Provisions are recognised when the charity has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the charity will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the
Judgements
The charity considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The trustees consider there are no such significant judgements.
2 DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES Employment Grants General Grants Gifts and Donations Income Sales Sponsorship |
2024 2023 £ £ 7,357 2,500 80,458 14,310 24,918 10,515 |
|---|---|
| 21,668 118,391 |
Grant funding in the year came from Scottish FA, Inverclyde Community Fund, Peoples Health Trust, CVS Inverclyde and SPFL along with other smaller grants
3 SUPPORT COSTS
Governance costs
| 2024 | 2023 |
|---|---|
| £ | £ |
| 1,563 | 2,100 |
4 TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the yearended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
5 STAFF COSTS
| Coaching and administration staff Salaries paid to Key Management personnel No employees received emoluments in excess of £60,000. DEBTORS AND PREPAID CHARGES Trade Debtors Other Debtors Prepayments |
2024 2023 £ £ 151,244 13,312 55,023 38,880 2024 2023 £ £ 1,300 14,569 300 - 188 - 2,913 18,787 |
|---|---|
| 3,913 33,168 |
6 DEBTORS AND PREPAID CHARGES
7 CREDITORS & PREPAID INCOME
| Trade Creditors Employment costs - HMRC Pension costs Loan to GMFC Deferred Income Accruals |
2024 2023 £ £ 20,544 14,250 2,479 2,157 563 505 109,669 7,302 8,517 12,547 |
|---|---|
| 141,771 36,761 |
8 MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |
|---|---|
| Unrestricted Funds General Fund Restricted Funds General Fund Governanace Costs TOTAL FUNDS Included above: Unrestricted Funds General Fund Restricted Funds 1st Team Active Team Talk Boots n Pieces Boys Team Breakfast and a Blether Employability |
At 01/10/2023 Net movement in fundsAt 30/09/2024 £ £ £ 47,294 - 7,705 - 55,000 - 97,041 51,242 148,283 763 763 |
| 97,041 52,005 149,045 |
|
| 49,747 44,299 94,046 |
|
| Incoming Resources Expended Resourses Net Movement 15,299 23,005 7,705 - - 9,404 9,404 - 3,000 3,143 143 - 104,751 104,436 315 764 764 - 47,025 14,581 32,444 |
| Festive Friends Firewalk Football Memories Girls Teams Hockey Teams Holiday Camps LEAP Life Skill Café McDonalds Sessions Micro Morton Mini Morton Morton Pathways New Scots (Refugees) Nurseries Off the Bench Physical Literacy Scoring for Health SFA Extra Time Project STEM Team Talk Walking Football Warm Hand of Friendsip Womens Football Womens Recreational Football TOTAL FUNDS Comparative Movement in Funds Unrestricted Funds General Fund Restricted Funds National Heritage SFA Cashback Inverclyde Health and Social Care Partnership SFA School of Football Morton Women TOTAL FUNDS |
2,100 1,139 961 400 400 - 4,167 4,167 - 42,696 44,957 2,260 - 15,572 18,620 3,048 - 24,189 17,993 6,196 5,000 5,000 - 1,617 225 1,392 2,150 2,079 71 25,883 25,365 518 38,266 25,980 12,286 23,853 23,853 - 2,613 2,112 501 10,267 4,187 6,081 19,134 19,134 - 216 216 8,328 8,328 - 73,662 51,863 21,800 13,070 13,064 5 2,625 3,825 1,200 - 215 1,359 1,144 - 2,250 1,219 1,031 2,893 18,290 15,397 - 5,758 5,287 471 |
|---|---|
| 482,776 430,771 52,005 498,075 453,776 44,299 At 01/10/2022 Net movement in fundsAt 30/09/2023 £ £ £ 65,159 15,412 - 49,747 - - - - 3,937 3,937 - - 5,833 5,833 - - 9,000 9,000 - - |
|
| 18,770 18,770 - - |
|
| 83,929 34,182 - 49,747 |
- 9 RELATED PARTY DISCLOSURES
There were no related party transactions in the year.
10 PENSION COMMITMENTS
The charity pays into the personal pensions of certain employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions this year were £2,760 (2023: £2553). Contributions outstanding at the year end were £563 (2023: £505).
- 11 Company Formation
The charity converted into a SCIO as a result of the conversion of Greenock Morton Community Trust Ltd (Company No SC364932) on 1 March 2023.
MORTON IN THE COMMUNITY SCIO Detailed Statement of Financial Activities
For the year ended 30 September 2024
| REGISTERED CHARITY NO: REGISTERED COMPANY NO: INCOME Donations & Legacies Employment Grants General Grants Gifts and Donations Income Sales Sponsorship Charitable Activities Active Team Talk Boots n Pieces Boys Teams Employability Programmes Festive Friends Firewalk Football Memories Fund Raising Events Girls Teams Hockey Teams Holiday Camps LEAP Life Skill Café McDonalds Sessions Micro Morton Mini Morton Morton Pathways New Scots Nurseries Programmes Off the Bench Physical Literacy SFA Extra Time Project STEM Team Talk Walking Football Warm Hands of Friendship Womens 1st Team Womens Recreational Football TOTAL INCOME EXPENDITURE Direct Wages & Employer NIC Pensions Costs Advertising & Marketing Audit & Accountancy fees Bad Debts Bank Fees Charitable and Political Donations Coaches Community Team Registrations Community Teams Presentation Nights Computer Software and Consumables Course costs Depreciation Entertainment-100% business Event Catering Flyers and other promotional expenses Fundraising Expenses General Expenses Insurance Physio and Medical Costs Postage & Stationary Professional Fees Referee Fees Rent Sports Clothing and Equipment Subscriptions Travel - National Venue hire - general Governance Costs Total Administrative Costs Net Income/Expenditure |
SC040819 CS006175 2024 6,250 5,450 230 - 11,470 9,404 3,000 104,751 47,025 2,100 400 4,167 3,829 42,696 15,572 24,189 5,000 1,617 2,150 25,883 38,266 23,853 2,613 10,267 19,134 216 73,662 13,070 2,625 215 2,250 2,893 5,758 486,605 498,075 203,507 2,760 250 2,685 1,989 404 14,328 6,861 3,206 6,687 360 5,501 1,331 1,157 10,859 4,938 1,423 306 1,368 11,010 27,434 6,833 10,056 126,960 1,563 453,776 44,299 |
2023 2,500 80,458 24,918 10,515 |
|---|---|---|
| 118,391 138,741 37,825 20,019 16,166 8,161 8,358 13,724 21,524 104 - |
||
| 264,415 | ||
| 382,806 | ||
| 175,532 2,553 180 384 10,714 150 10,829 11,722 5,930 674 5,868 908 4,050 555 7,182 3,584 1,386 2,448 10,050 6,160 20,808 2,740 15,741 114,740 2,100 416,989 |
||
| (34,183) |