## **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: 1. End user incomes - the sale of coaching products 2. Grant Income from funding applications 3. Corporate Social Responsibility donations and company sponsorship 4. 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 tsnrnurmty￿I0. for the FerM)d endingxth September. 2024. These statements compii5ethe Ststementof FinanckqlActMbes,the Incorne and Eynditure ststemenL the BaLlr￿ Sheetand Notestothe Fir￿ncial Statements set(xrt in pa8es 310 IL RESPEalVE REspopisi8iunES OFTHETRL(￿ESA1IDT￿ EXAAIINER The￿a￿ty'St￿Stee5•re reSpo￿￿1e forthe ryeparakn ol the orcordan¢e wilhthe(harfti2saryl Trustee Investment (Scot￿nd) Act M)5 and the charit￿sAcCOuntslsCotland) Re8uL4tsns 2(f& The o￿nty'S Tnjstees conskler thatthe a￿(( requirement of ￿ (haritses Regulati￿S does nDtawty. It is my re$￿Tr$1b1￿ytO exomlr* the fIna￿la1 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 1￿c￿deS a r￿￿¢¥ ofthe rec￿d5 ke￿ by thetharftyarwl a CL￿Pa￿s￿ of thE accounts presented wtth tlK)5e records. It IncludEs cor&leritk¥n of arry bterrk% ord5sck￿reS In thearcwnts and Seeks expknnatlons frcrn the trustees corKernln8iny yjth matter& Tr procedure5 urKlert4ken do rnt pr￿le•ll the evklence that w(￿ld be requlred kn an awltt c(msewentty. I do rK* expre$5 •n oplnkn on the FInal￿al Ststemerrt& EXAMINER'S STATEMeKr In the course ol my e¥arnlnatkyb. no matter has(￿e to myattwrtkn.. that 8fves me reasor$8ble cause tobelkntthat In any mèterfal respect the Tequlrements to keep •ccountlrrf rec(rfds In ac(c￿darKe wlth sertKJn44111 (al olthe 2LK15 Art and Re8. 4 01 the 2crfj kcounts Re8utstkns, ¥ThJ to prepare financ￿1 statements recontlk thtactountlw retord54nd tompty wAth Regu￿1￿￿ 9 of the 2[￿ A(rtyJnts Re8ulatkn$ have not t*tn rrrt towhth In my C￿nI￿. 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)**|