Report of the Trustees and Financial Statements for the year ended 31 December 2024 for Musselburgh Windsor Community Football Club SC048570
Contents of the Financial Statements for the year ended 31 December 2024 Page Reference and Administrative Details Report of the Trustees 24 Independent Examiner's Report Statement of Financial Activities Statement of Financial Position Notes to the Financial Statements 8-10
Musselburgh Windsor Community Football Club Reference and administrative details of the Charity, its Trustees and Advisers For the year ended 31 December 2024 Trustees Charity registered number SC048570 Principal address 3 Juniper Avenue Ormiston East Lothian EH35 SAD Bankers Bank of Scotland 172 High Street Musselburgh East Lothian EH217DZ Independent Examiner
Musselburgh Windsor Community Football Club Report of the Trustees for the year ended 31 December 2024 The Trustees present their report, together with the financial statements of the charity, for the year ended 31 December 2024. This report is prepared in accordance with the Statement of Recommended Practice:Accounting and Reporting by Charities preparing their accounts in accordance with FRS 102. STRUCTURE, GOVERNANCE AND MANAGEMENT Musselburgh Windsor Community Football Club was incorporated as a Scottish Charitable Incorporated Organisation (SCIO) on 25 July 2018 as a result of a change to SCIO application by the previously unincorporated association, known as Musselburgh Windsor Football Club which had been founded on 1 st June 1953, attaining Charity status on 1 st April 1987. Our constitution requires a minimum of 5 and a maximum of 15 Trustees. All Club Members are eligible to stand for election as a Trustee. At the A.G.M. all Trustees retire from Office and Club Members elect a Chairman, a Vice Chairman and a Club Treasurer. All retired Trustees are eligible to stand for re-election. Nominations are then made for additional Trustees to join the Management Board. OBJECTIVES AND ACTIVITIES The club aims to help educate young people, in a safe environment, primarily through football but also any other activities, so that they can develop their physical, mental and moral capacities and to prepare them to carry these attributes into adult life. These have been the objectives of the Club since its inception. The club provides a full player pathway in boys, and girls, football from pre-school straight through to adult football, including walking football and Football Memories groups. We cater for players of all abilities and players are given one or two coached sessions per week plus a game at weekends. ACHIEVEMENT AND PERFORMANCE We have over 900 players and around 220 volunteers and we provide a full player pathway for both boys and girls players, from 5 years old up to adult. They are incorporated in twenty four Male and thirteen Female age groups. The Club continues to grow, mainly due to the ongoing house building in the Musselburgh and Wallyford area. We gained access to new training and match facilities from mid 2024 at the new Rosehill high School and hope this will give us the opportunity to increase further, should we wish. We operate mainly from Pinkie St Peter's Primary School, Pinkie Road, Musselburgh. However, due to continued expansion of numbers we have a number of long~term Lets through Edinburgh Leisure. Further progress is being made in getting a Clubhouse in the grounds of Pinkie St Peters school. We have great support from East Lothian Council towards this aim, which is quite unique within a school facility. Much work requires to be done and we hope we are within 12 months from conclusion and Planning Permission, but we continue to make great progress. The Wee Windsor structure we have in place means that the Club arrange for football coaching to be delivered to the players through an external Coaching company. This allows time for a new committee to be formed, without putting immediate pressure on the parents to get involved with the running of the group. In 2024 we introduced the new 2019 boys and girls age groups to the Club. We continue to maintain a good relationship with Musselburgh Athletic FC in order for our older players to have a pathway into Senior men's football through their U20s team.
Musselburgh Windsor Community Football Club Report of the Trustees for the year ended 31 December 2024 On the field of play we continued to have success: Boys U16s- SERYFA Div 1 League Cup U16s Whites - SERYFA Div 2 Winners U17s- Chairmans Cup Girls U18s - SWF Regional Division 1 League Winners FINANCIAL REVIEW We operate one Community Account with Bank of Scotland for the Club for all receipts and payments. Within this account there are 28 designated funds, one for each age group / team. All monies received and paid by the age group teams is allocated by the Club Treasurer and ensures all income and expenditure is in line with Club and Charity guidelines. The total funds at 31 st December 2024 was £151,882 of which £63,832 was the total of the designated team funds and £88,050 was club funds. Our main financial income is from subscriptions which in the year to 31 December 2024 amounted to £231,066 (2023 £189,502). Subscriptions fluctuate due to differing close seasons for boys, and girls, football. Unrestricted general funds at 31 December 2024 amounted to £147,710 (2023 - £146,842). Our policy is to maintain funds at a level sufficient to support our current activities in the event of a significant drop in income while replacement income is sought and the Trustees are satisfied with our current reserves position. Restricted funds at 31 December 2024 amounted to £4,172 (2023 - £3,750). This represents grants for the purposes of initial preparatory work and surveys prior to clubhouse plans being drawn up.
Musselburgh Windsor Community Football Club Report of the Trustees for the year ended 31 December 2024 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) The law applicable to charities in Scotland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resoures and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently observe the methods and principles in the Charities SORP make judgements and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements compley with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Trustees on behalf by and signed on their
Independent Examiner's Report to the Trustees of Musselburgh Windsor Community Football Club I report on the accounts for the year ended 31 December 2024 set out on pages 5 to 10. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c)of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section44(1)(c)of the Act and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my attention (1) which gives me reasonable cause to believe that, in any material respect, the requirements to keep accounting records in accordance with Section 44(1)(a)of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations have not been met: or (2) to which, in my opinion, attention should be drawn 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 accordance with regulation 11 of the Charities Accounts (Scotland) Regulations 2006. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent Examiner's report and for no other purpose.
Musselburgh Windsor Community Football Club Statement of Financial Activities for the year ended 31 December 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes Income from Charitable Activities Donations Grants Fundraising Investmenl Other income 231,066 3,250 63,649 3,754 126,372 231,066 6,250. 63,649 3,754 126,372 189,502 5,250 46,720 1,809 83,776 3,000 428,091 3,000 431,091 327,057 Expenditure on Charitable activities 427,223 2,578 429,801 314,604 427,223 2,578 429,801 314,604 Net income (expenditure) 868 422 1,290 12,453 Reconciliation of funds Total funds brought forward 146,842 3,750 150,592 138,139 Total funds carried forward 147,710 4,172 151,882 150,592
Musselburgh Windsor Community Football Club Balance Sheet 31 December 2024 Notes As at 31.12.24 As at 31.12.23 Fixed Assets Tangible assets 4,582 5,851 Current Assets Cash at bank and in hand 152,906 155,133 Creditors Amounts falling due within one year (5,606) (10,392) Net current assets 147,300 144,741 Net assets 151,882 150,592 Funds Unrestricted funds Restricted funds 147,710 4,172 146,842 3,750 Total Funds 151,882 150,592 The fin ncia statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:
Musselburgh Windsor Community Football Club Notes to the Financial Statements for the year ended 31 December 2024 1 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities:Statement of Recommended Practi 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended) The financial statements have been prepared under the historical cost convention. The charity meets the definition of a public benefit entity under FRS102. Income Income is recognised when the charity is entitled to the income. Expenditure All expenditure is included on an accruals basls and is recognised when there is a legal or constructive obligation to transfer economic benefit to a third paty. Fixed Assets Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: Training equipment 20 % straight-line method Fund Accounting Unrestricted funds are available for use at the discretion of the trustees in further of the general objectives of the charity. The club operates one Community Account with Bank of Scotland for the Club for all receipts and payments. Within this account there are 26 designated funds, one for each age group team. All monies reiVed and paid by the age group teams is allocated by the Club Treasurer and ensures all income and expenditure is in line with Club and Charity guidelines. The total funds at 31 st December 2024 was £151,882 of which £63,832 was the total of the designated team funds and £88,050 was club funds. 2 GRANTS Restricted funds Total funds 2024 2024 Unrestricted funds 2024 Total funds 2023 Network Rail McDonalds SFA East Lothian Council Sported Groundwork UK Scottish Football Partnership Trust UKSPF Regeneration Project Development Fund 500 500 3,750 500 500 1,000 1,000 750 500 1,000 1,000 750 3,000 3,000 3,250 3,000 6,250 5,250 3 INVESTMENT INCOME Restricted funds Total funds 2024 2024 Unrestricted funds 2024 Total funds 2023 Investment income ~ bank interest 3,754 3,754 1,809
Musselburgh Windsor Community Football Club Notes to the Financial Statements for the year ended 31 December 2024 4 TRUSTEES, REMUNERATION The undernoted Trustees received remuneration during the period 2024 2023 Club Operations Manager President Chairman Player Protection Officer 9,550 500 3,700 3,400 9,000 500 2,200 2,200 17,150 13,900 There were no Trustees, expenses paid for the year ended 31 st December 2024 or the period ended 30th December 2023 5 FIXED ASSETS Training equipment Total Cost As at 1 January 2024 17,165 17,165 Additions 1,911 1,911 As at 31 December 2024 19,076 19,076 Depreciation As at 1 January 2024 11,314 11,314 Charge for year 3,180 3,180 As at 31 December 2024 14,494 14,494 Net book value As at 31 December 2024 4,582 4,582 As at 31 December 2023 5,851 5,851
Musselburgh Windsor Community Football Club Notes to the Financial Statements for the year ended 31 December 2024 6 MOVEMENT IN FUNDS Statement of funds - current period Balance at 01 January 2024 Income Expenditure Balan at 31 Dember 2024 Unrestricted funds General funds 146,842 428,091 (427,223) 147,710 Restricted funds Clubhouse grant 3,750 3,000 (2,578) 4,172 Total funds 150,592 431,091 (429,801) 151,882 Statement of funds - prior year Balance at 01 January 2023 Income Expenditure Balance at 31 December 2023 Unrestricted funds General funds 138,129 323,307 (314,604) 146,842 Restricted funds 3,750 3,750 Total funds 138,139 327,057 (314,604) 150,592 7 SUMMARY OF FUNDS Summary of funds ~ current period Balance at 01 January 2024 Income Expenditure Balance at 31 December 2024 Unrestricted funds General funds 146,842 428,091 (427,223) 147,710 Restricted funds Clubhouse grant 3,750 3,000 (2,578) 4,172 Total funds 150,592 431,091 (429,801) 151,882 Summary of funds - prior year Balance at 01 January 2023 Income Expenditure Balan at 31 December 2023 Unrestricted funds General funds 138,139 323,307 (314,604) 146,842 Restricted funds 3,750 3,750 Total funds 138,139 327,057 (314,604) 150,592
Musselburgh Windsor Community Football Club Detailed Statement of Financial Activities Year ended 3111212024 2024 2023 INCOME Investment Income Interest receivable 3,754 1,809 Charitable Activities Subscriptions Gift Aid income Player payment Tournament income Merchandise Grants Fundraising Sponsorship Donations Contribution to kit Deposits for trip Miscellaneous 231,066 363 1,113 4,430 528 6,250 63,649 57,433 19,409 3,255 39,840 189,502 303 1,030 100 5,250 46,720 24,665 26,300 6,462 24,916 431,091 327,057 EXPENDITURE Facility hire Registrations, league fees and permits Coaching Referees, fees Kit purchase and laundry costs First aid Physio Equipment Trips and tours Awards Refunds issued Disciplinary fines Team event Club purchases Trustees Remuneration Bus hire Miscellaneous expenditure Merchandise Bank charges Professional fees Postages and admin Website expenses Depreciation 75,712 4,752 45,336 26,155 140,273 2,718 1,800 6,061 56,247 16,045 689 670 11,688 4,175 17,150 11,475 4,115 506 175 100 239 541 3,180 60,297 . 6,660 41,247 21,845 90,992 2,266 970 5,784 27,895 5,126 385 584 15,785 444 13,400 9,540 3,794 1,642 141 1,700 372 619 3,116 429,801 314,604 This page does not form part of the statutory financial statements