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REGISTERED COMPANY NUMBER: SC406352 (Scotland)
REGISTERED CHARITY NUMBER: SC042588














Report of the Trustees and

Audited Financial Statements for the Year Ended 31 August 2023

for

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST
(A COMPANY LIMITED BY GUARANTEE)

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 4

Trustees' Responsibility Statement 5

Report of the Independent Auditors 6 to 9

Statement of Financial Activities 10

Balance Sheet 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14 to 22

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Reference and Administrative Details
for the Year Ended 31 August 2023



TRUSTEES A G Burrows General Manager (resigned 22.2.23)
T M H Feely Chartered Accountant
S G Harris Retired (appointed 31.3.23)
H Logan
K O'Neill Manager
J Sweeney (MBE)
D J Weir Director (resigned 29.5.24)


REGISTERED OFFICE Fir Park Stadium
Fir Park Street
Motherwell
NORTH LANARKSHIRE
ML1 2QN


REGISTERED COMPANY
NUMBER
SC406352 (Scotland)


REGISTERED CHARITY
NUMBER
SC042588


AUDITORS Watson & Co.
Auditors
Oakfield House
378 Brandon Street
Motherwell
NORTH LANARKSHIRE
ML1 1XA

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST (REGISTERED NUMBER: SC406352)

Report of the Trustees
for the Year Ended 31 August 2023


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 August 2023. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and activities
The Community Trust's vision is to use the power of sport to motivate local people and communities to improve their lives thus bringing about significant economic, social, lifestyle and cultural gain.

This is achieved by:
- The advancement of education;
- The advancement of citizenship or community development;
- The advancement of public participation in sport;
- The provision of recreational facilities, or organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended.

During the year, the trustees have continued to work towards these objectives by delivering affordable, accessible and free activity for young people, providing free meals during school holiday periods and over winter for older citizens. These activities have been carried out to further the charity's purposes for the public benefit.

The trustees have paid due regard to guidance issued by OSCR in deciding what activities the trust should undertake.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Projects & Programmes

The Trust has delivered a broad range of projects addressing physical health, mental health and social topics. Programmes have included North Lanarkshire Council's Club365 Holiday Hunger, CashBack for Communities "Off the Bench" and work with older generations.

Over the course of the year, Motherwell FC Community Trust has achieved significant progress in several areas:

- Delivered a fully refurbished community facility, with small-sided pitch, mental health hub and kitchen area.
- Delivered a social return on investment of £13.64m for the local area.
- Delivered a comprehensive holiday hunger programme in partnership with North Lanarkshire's Club365 team.

These achievements have enabled the charity to cement its place as a key community organisation in Lanarkshire and one of Scotland's top football club trusts.

Partners

We continue to work closely with partners in both North and South Lanarkshire to use the power of football to change lives for the better. We have excellent support from the Scottish Football Association, the Scottish Football Partnership and SPFL Trust as well as a wide range of local and national organisations.

Strong Workforce

The Trusts invests in the development of staff and volunteers with a broad range of sport-specific and generic courses undertaken. All staff undertake mandatory training in first aid, child protection and suicide prevention.


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST (REGISTERED NUMBER: SC406352)

Report of the Trustees
for the Year Ended 31 August 2023

FINANCIAL REVIEW
Financial position
The incoming resources for the year amounted to £751,856 (2022 - £302,547). The significant increase is due mainly to the additional grant funds obtained for the regeneration of the astroturf pitch.

Resources expended amounted to £413,048 (2022 - £317,507) resulting in a net surplus of £338,808 (2022 - deficit £14,960).

It should be noted that the significant surplus in the year is due to the capitalisation of the astro turf regeneration and related assets totalling £323,428. These assets will be depreciated accordingly over the coming years.

The principal income streams were from grants and youth football donations. The costs of providing youth football development and community teams are met by donations received.

Reserves policy
The directors aim to have reserves in place to cover cash commitments of grant funded courses of up to 2 months given that most projects are funded by grant giving bodies after costs have been incurred by the trust.

At the year-end total reserves were £503,462 (2022 - £164,654), of which £334,944 (2022 - £9,815) were restricted and £168,518 (2022- £154,839) were unrestricted.

Of the reserves stated above £306,004 of the total reserves are made of tangible fixed assets (£6,966 unrestricted & £299,008 restricted)

FUTURE PLANS
Looking ahead, the trustees plan to expand mental health programmes, widen opportunities for more people to participate and continue the heat hub and holiday hunger work.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Charity constitution
Motherwell Football Club Community Trust (Charity Number: SCO42588) is a company limited by guarantee which was incorporated on 30th August 2011. The company was established under a Memorandum of Association which established the objectives and powers of the charitable company and is governed by its Articles of Association.

Recruitment and appointment of new trustees
The board composition seeks to reflect the different stakeholders and environment in which the community trust operates. The trust therefore appoints directors based on skills that they can bring to the organisation whilst maintaining the cross representation of the Board following nomination by the officers of the Trust or other directors.

Organisational structure
The current Board of Directors is comprised of Individuals who have held senior executive roles in the Financial Services, Local Government, Health, Education and Football Sectors. All are able to make a significant contribution to help achieving the aims of the trust. If the trust was required to appoint new or additional directors, we would seek to identify individuals , who would compliment existing skillsets, with relevant experience in a related sector or role. The Chairman, Trust General Manager and existing directors would be responsible for identifying and interviewing suitable candidates.

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The major risk to which Motherwell Football Club Community Trust is exposed is failing to secure the projected voluntary income required to operate the trust.


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST (REGISTERED NUMBER: SC406352)

Report of the Trustees
for the Year Ended 31 August 2023


STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The trustees have conducted a review of the major risks to which the charity is exposed and have implemented procedures to manage those risks. These include reduction in grant funding and key staff leaving.

Going Concern

The Trust has reviewed its current and future financial position and the Trustees are confident that it has sufficient headroom to meet its forecast cash requirements and that the Trust will continue in operational existence for the next 12 months. As such, the Trustees consider it appropriate to the continue to prepare the financial statements on the going concern basis.

AUDITORS
The auditors, Watson & Co., will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28 August 2024 and signed on its behalf by:





J Sweeney (MBE) - Trustee

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Trustees' Responsibility Statement
for the Year Ended 31 August 2023

The trustees (who are also the directors of Motherwell Football Club Community Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-select suitable accounting policies and then apply them consistently;
-observe the methods and principles in the Charity SORP;
-make judgements and estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-there is no relevant audit information of which the charitable company's auditors are unaware; and
-the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

Report of the Independent Auditors to the Trustees and Members of
Motherwell Football Club Community Trust

Opinion
We have audited the financial statements of Motherwell Football Club Community Trust (the 'charitable company') for the year ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:
-give a true and fair view of the state of the charitable company's affairs as at 31 August 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and
-have been prepared in accordance with the requirements of the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 16 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Trustees and Members of
Motherwell Football Club Community Trust


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 and the Charities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion:
- adequate and proper accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Trustees and Members of
Motherwell Football Club Community Trust


Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company's internal control.

- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.

- Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.

- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view).

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Report of the Independent Auditors to the Trustees and Members of
Motherwell Football Club Community Trust


Other matters which we are required to address
It should be noted that the comparative figures for 31st August 2022 were not subject to an audit, accordingly we do not express an opinion, a conclusion nor provide any assurance on them.


FRC Ethical Standard - Provisions Available For Small Entities
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charitable company's members and the trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ian S. Watson (Senior Statutory Auditor)
for and on behalf of Watson & Co.
Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
Oakfield House
378 Brandon Street
Motherwell
NORTH LANARKSHIRE
ML1 1XA

28 August 2024

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Statement of Financial Activities
for the Year Ended 31 August 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 180,129 - 180,129 191,439

Charitable activities 4
General 13,500 484,377 497,877 111,108

Other trading activities 3 71,666 - 71,666 -
Other income 2,184 - 2,184 -
Total 267,479 484,377 751,856 302,547

EXPENDITURE ON
Charitable activities 5
General 253,800 159,248 413,048 317,507

NET INCOME/(EXPENDITURE) 13,679 325,129 338,808 (14,960 )


RECONCILIATION OF FUNDS
Total funds brought forward 154,839 9,815 164,654 179,614

TOTAL FUNDS CARRIED FORWARD 168,518 334,944 503,462 164,654

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST (REGISTERED NUMBER: SC406352)

Balance Sheet
31 August 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 6,996 299,008 306,004 72,432

CURRENT ASSETS
Debtors 12 14,310 5,530 19,840 47,227
Cash at bank 212,039 30,405 242,444 100,042
226,349 35,935 262,284 147,269

CREDITORS
Amounts falling due within one year 13 (64,827 ) 1 (64,826 ) (55,047 )

NET CURRENT ASSETS 161,522 35,936 197,458 92,222

TOTAL ASSETS LESS CURRENT
LIABILITIES

168,518

334,944

503,462

164,654

NET ASSETS 168,518 334,944 503,462 164,654
FUNDS 14
Unrestricted funds 168,518 154,839
Restricted funds 334,944 9,815
TOTAL FUNDS 503,462 164,654

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 of Trustees and authorised for issue on 28 August 2024 and were signed on its behalf by:





J Sweeney (MBE) - Trustee

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Cash Flow Statement
for the Year Ended 31 August 2023

2023 2022
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 465,830 (32,224 )
Net cash provided by/(used in) operating activities 465,830 (32,224 )

Cash flows from investing activities
Purchase of tangible fixed assets (323,428 ) (19,650 )
Net cash used in investing activities (323,428 ) (19,650 )

Change in cash and cash equivalents in
the reporting period

142,402

(51,874

)
Cash and cash equivalents at the
beginning of the reporting period

100,042

151,916
Cash and cash equivalents at the end of
the reporting period

242,444

100,042

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Cash Flow Statement
for the Year Ended 31 August 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2023 2022
£    £   
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)

338,808

(14,960

)
Adjustments for:
Depreciation charges 39,898 13,138
Loss on disposal of fixed assets 49,958 -
Decrease/(increase) in debtors 27,387 (32,991 )
Increase in creditors 9,779 2,589
Net cash provided by/(used in) operations 465,830 (32,224 )


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.22 Cash flow At 31.8.23
£    £    £   
Net cash
Cash at bank and in hand 100,042 142,402 242,444
100,042 142,402 242,444
Total 100,042 142,402 242,444

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Astroturf pitch - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 10% on cost

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.

All funds are for the purpose of the continuous development and maintenance of facilities & services in order to meet the charities objectives and aims.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations to youth football and community teams 180,129 167,379
Gift aid - 24,060
180,129 191,439

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Football Course Income 64,062 -
Fundraising 7,604 -
71,666 -

4. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Grants General 497,877 111,108

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
General 404,509 8,539 413,048

6. SUPPORT COSTS
Governance
Finance costs Totals
£    £    £   
General 949 7,590 8,539

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Auditors' remuneration 3,600 -
Depreciation - owned assets 39,898 13,138
Hire of plant and machinery 5,912 57
Other operating leases 1,292 1,044
Deficit on disposal of fixed assets 49,958 -


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.


9. STAFF COSTS
2023 2022
£    £   
Wages and salaries 188,132 190,026
Social security costs 9,327 9,076
Other pension costs 3,602 3,445
201,061 202,547

The average monthly number of employees during the year was as follows:

2023 2022
Staff 8 8

The employees of the Trust are paid by Motherwell Football Club and all their costs are recharged to the Trust each month.

There are no employees who receive total employee benefits of more than £60,000.

Other pension costs represents the charge to the Statement of Financial Activities from defined contribution schemes.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 191,439 - 191,439

Charitable activities
General 4,484 106,624 111,108
Total 195,923 106,624 302,547

EXPENDITURE ON
Charitable activities
General 194,270 123,237 317,507

NET INCOME/(EXPENDITURE) 1,653 (16,613 ) (14,960 )


RECONCILIATION OF FUNDS
Total funds brought forward 153,186 26,428 179,614

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   

TOTAL FUNDS CARRIED FORWARD 154,839 9,815 164,654

11. TANGIBLE FIXED ASSETS
Fixtures
Astroturf Plant and and
pitch machinery fittings Totals
£    £    £    £   
COST
At 1 September 2022 107,858 - 77,466 185,324
Additions 315,418 8,010 - 323,428
Disposals (107,858 ) - - (107,858 )
At 31 August 2023 315,418 8,010 77,466 400,894
DEPRECIATION
At 1 September 2022 57,900 - 54,992 112,892
Charge for year 31,542 1,602 6,754 39,898
Eliminated on disposal (57,900 ) - - (57,900 )
At 31 August 2023 31,542 1,602 61,746 94,890
NET BOOK VALUE
At 31 August 2023 283,876 6,408 15,720 306,004
At 31 August 2022 49,958 - 22,474 72,432

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,840 23,167
Gift Aid - 24,060
19,840 47,227


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
MFC - Loan 54,727 52,897
Accrued expenses 10,099 2,150
64,826 55,047

14. MOVEMENT IN FUNDS
Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 154,839 13,679 168,518

Restricted funds
Scottish Football Partnership 9,815 (1,091 ) 8,724
SFA - 154,884 154,884
SPFL Trust - 5,530 5,530
Capital Regeneration - 165,806 165,806
9,815 325,129 334,944
TOTAL FUNDS 164,654 338,808 503,462

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 267,479 (253,800 ) 13,679

Restricted funds
Scottish Football Partnership 1,000 (2,091 ) (1,091 )
Cash for kids 13,409 (13,409 ) -
SFA 193,500 (38,616 ) 154,884
SPFL Trust 5,530 - 5,530
S.F.P Fitba First 1,650 (1,650 ) -
Off The Bench 25,250 (25,250 ) -
NLC Heat Hub 6,770 (6,770 ) -
Amazon Smile 269 (269 ) -
Changing Room 800 (800 ) -
Football Fans in Training 8,180 (8,180 ) -
L Hutchinson Heat & Eat 5,000 (5,000 ) -
CMHWB 30,300 (30,300 ) -
Capital Regeneration 184,229 (18,423 ) 165,806
Charities Trust 50 (50 ) -
Festive Friends 3,500 (3,500 ) -
GCAS Ellie Askey 4,940 (4,940 ) -
484,377 (159,248 ) 325,129
TOTAL FUNDS 751,856 (413,048 ) 338,808


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.9.21 in funds 31.8.22
£    £    £   
Unrestricted funds
General fund 153,186 1,653 154,839

Restricted funds
Scotch Whisky 7,500 (7,500 ) -
Scottish Football Partnership - 9,815 9,815
Adapt and Thrive 18,928 (18,928 ) -
26,428 (16,613 ) 9,815
TOTAL FUNDS 179,614 (14,960 ) 164,654

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 195,923 (194,270 ) 1,653

Restricted funds
Scotch Whisky - (7,500 ) (7,500 )
Scottish Football Partnership 12,094 (2,279 ) 9,815
Adapt and Thrive - (18,928 ) (18,928 )
Cash for kids 18,720 (18,720 ) -
Club365 42,005 (42,005 ) -
SFA 9,750 (9,750 ) -
SAMH

300 (300 ) -
SPFL Trust 3,615 (3,615 ) -
S.F.P Fitba First 1,650 (1,650 ) -
VANL 17,050 (17,050 ) -
NLC 1,440 (1,440 ) -
106,624 (123,237 ) (16,613 )
TOTAL FUNDS 302,547 (317,507 ) (14,960 )

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.21 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 153,186 15,332 168,518

Restricted funds
Scotch Whisky 7,500 (7,500 ) -
Scottish Football Partnership - 8,724 8,724
Adapt and Thrive 18,928 (18,928 ) -
SFA - 154,884 154,884
SPFL Trust - 5,530 5,530
Capital Regeneration - 165,806 165,806
26,428 308,516 334,944
TOTAL FUNDS 179,614 323,848 503,462

MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 463,402 (448,070 ) 15,332

Restricted funds
Scotch Whisky - (7,500 ) (7,500 )
Scottish Football Partnership 13,094 (4,370 ) 8,724
Adapt and Thrive - (18,928 ) (18,928 )
Cash for kids 32,129 (32,129 ) -
Club365 42,005 (42,005 ) -
SFA 203,250 (48,366 ) 154,884
SAMH

300 (300 ) -
SPFL Trust 9,145 (3,615 ) 5,530
S.F.P Fitba First 3,300 (3,300 ) -
VANL 17,050 (17,050 ) -
NLC 1,440 (1,440 ) -
Off The Bench 25,250 (25,250 ) -
NLC Heat Hub 6,770 (6,770 ) -
Amazon Smile 269 (269 ) -
Changing Room 800 (800 ) -
Football Fans in Training 8,180 (8,180 ) -
L Hutchinson Heat & Eat 5,000 (5,000 ) -
CMHWB 30,300 (30,300 ) -
Capital Regeneration 184,229 (18,423 ) 165,806
Charities Trust 50 (50 ) -
Festive Friends 3,500 (3,500 ) -
GCAS Ellie Askey 4,940 (4,940 ) -
591,001 (282,485 ) 308,516
TOTAL FUNDS 1,054,403 (730,555 ) 323,848

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2023.


MOTHERWELL FOOTBALL CLUB COMMUNITY TRUST

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

16. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.