REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
REGISTERED OFFICE |
REGISTERED COMPANY NUMBER |
REGISTERED CHARITY NUMBER |
AUDITORS |
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 |
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. |
for and on behalf of |
Auditors |
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 |
378 Brandon Street |
Motherwell |
NORTH LANARKSHIRE |
ML1 1XA |
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 |
Charitable activities | 4 |
Other trading activities | 3 |
Other income |
Total |
EXPENDITURE ON |
Charitable activities | 5 |
NET INCOME/(EXPENDITURE) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
CURRENT ASSETS |
Debtors | 12 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 13 | ( |
) | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 14 |
Unrestricted funds | 154,839 |
Restricted funds | 9,815 |
TOTAL FUNDS | 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 |
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 | - |
Plant and machinery | - |
Fixtures and fittings | - |
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 |
Gift aid |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Football Course Income |
Fundraising | 7,604 | - |
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 |
Hire of plant and machinery | 5,912 | 57 |
Other operating leases | 1,292 | 1,044 |
Deficit on disposal of fixed assets |
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 |
Social security costs |
Other pension costs |
201,061 | 202,547 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Staff |
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 |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 153,186 | 26,428 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 August 2023 |
DEPRECIATION |
At 1 September 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 August 2023 |
NET BOOK VALUE |
At 31 August 2023 |
At 31 August 2022 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Gift Aid | - | 24,060 |
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 |
Accrued expenses |
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 |
325,129 |
TOTAL FUNDS | 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 | ) | - |
( |
) | 325,129 |
TOTAL FUNDS | ( |
) | 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 |
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. |