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














Report of the Trustees and

Financial Statements For The Year Ended 31 August 2024

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 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 4

Independent Examiner's Report 5

Statement of Financial Activities 6

Statement of Financial Position 7 to 8

Notes to the Financial Statements 9 to 14

Motherwell Football Club Community Trust

Reference and Administrative Details
For The Year Ended 31 August 2024



TRUSTEES T Feely
B Caldwell
S G Harris
H Logan
D J Weir (resigned 29.5.24)
K O'Neill
J Sweeney (MBE)


REGISTERED OFFICE Fir Park Stadium
Firpark Street
Motherwell
North Lanarkshire
ML1 2QN


REGISTERED COMPANY
NUMBER
SC406352 (Scotland)


REGISTERED CHARITY NUMBER SC042588


INDEPENDENT EXAMINER Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Motherwell Football Club Community Trust (Registered number: SC406352)

Report of the Trustees
For The Year Ended 31 August 2024


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 2024. 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
This 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 further the charity's purpose 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
Projects & Programmes
The Trust has delivered a broad range of projects addressing physical health, mental health and social topics. Programmes have included SAMH "The Changing Room", Cashback for Communities initiatives and work with older generations.

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

- Delivered the Scottish FA's "Extra Time" programme to local school children
- Delivered a social return on investment of £13.64m for the local area.
- Delivered a comprehensive holiday hunger programme in partnership with the Scottish FA.

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, UEFA Foundation and SPFL Trust as well as a wide range of local and national organisations.

Strong Workforce
The Trusts invest 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 2024

FINANCIAL REVIEW
Financial position
The incoming resources for the year amounted to £349,111 (2023: £751,856). The significant decrease is due mainly to the additional grant funds obtained in the prior year for the regeneration of the astroturf pitch.

Resources expended amounted to £368,253 (2023: £413,048) resulting in a net deficit of £19,142 (2023: surplus of £338,808)

It should be noted that the significant surplus in the previous 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 £484,320 (2023: £503,462) of which £375,476 (2023: £334,944) were restricted and £108,844 (2023: £168,518) were unrestricted.

Of the reserves stated above £352,913 of the total reserves are made of tangible fixed assets (£61,239 unrestricted & £291,674 restricted).

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 continue to prepare the financial statements on the going concern basis.

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 commuinity 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.


Motherwell Football Club Community Trust (Registered number: SC406352)

Report of the Trustees
For The Year Ended 31 August 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
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 skill sets, 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 n 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.

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.

Approved by order of the board of trustees on 28 May 2025 and signed on its behalf by:





J Sweeney (MBE) - Trustee

Independent Examiner's Report to the Trustees of
Motherwell Football Club Community Trust

I report on the accounts for the year ended 31 August 2024 set out on pages six to fourteen.

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 Section 44(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.








Andrew Logan CA
The Institute of Chartered Accountants of Scotland

Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

28 May 2025

Motherwell Football Club Community Trust

Statement of Financial Activities
For The Year Ended 31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 94,244 - 94,244 180,129

Charitable activities
General - 150,071 150,071 497,877

Other trading activities 2 92,328 - 92,328 71,666
Other income 12,468 - 12,468 2,184
Total 199,040 150,071 349,111 751,856

EXPENDITURE ON
Charitable activities
General 258,714 109,539 368,253 413,048

NET INCOME/(EXPENDITURE) (59,674 ) 40,532 (19,142 ) 338,808


RECONCILIATION OF FUNDS
Total funds brought forward 168,518 334,944 503,462 164,654

TOTAL FUNDS CARRIED FORWARD 108,844 375,476 484,320 503,462

Motherwell Football Club Community Trust (Registered number: SC406352)

Statement of Financial Position
31 August 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 61,239 291,674 352,913 306,004

CURRENT ASSETS
Debtors 8 6,172 - 6,172 19,840
Cash at bank and in hand 116,286 83,801 200,087 242,444
122,458 83,801 206,259 262,284

CREDITORS
Amounts falling due within one year 9 (74,852 ) - (74,852 ) (64,826 )

NET CURRENT ASSETS 47,606 83,801 131,407 197,458

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,845

375,475

484,320

503,462

NET ASSETS 108,845 375,475 484,320 503,462
FUNDS 10
Unrestricted funds 108,845 168,518
Restricted funds 375,475 334,944
TOTAL FUNDS 484,320 503,462

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


Motherwell Football Club Community Trust (Registered number: SC406352)

Statement of Financial Position - continued
31 August 2024

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 May 2025 and were signed on its behalf by:





J Sweeney (MBE) - Trustee

Motherwell Football Club Community Trust

Notes to the Financial Statements
For The Year Ended 31 August 2024

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Football Course Income 86,628 64,062
Fundraising 5,700 7,604
92,328 71,666

3. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Auditors' remuneration - 3,600
Depreciation - owned assets 45,461 39,898
Hire of plant and machinery 2,040 5,912
Other operating leases 1,749 1,292
Deficit on disposal of fixed assets - 49,958

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


5. STAFF COSTS

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

2024 2023
Staff 8 8

No employees received emoluments in excess of £60,000.

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


Motherwell Football Club Community Trust

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 180,129 - 180,129

Charitable activities
General 13,500 484,377 497,877

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

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

NET INCOME 13,679 325,129 338,808


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

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

7. TANGIBLE FIXED ASSETS
Fixtures
Astroturf Plant and and
pitch machinery fittings Totals
£    £    £    £   
COST
At 1 September 2023 315,418 8,010 77,466 400,894
Additions - - 92,370 92,370
At 31 August 2024 315,418 8,010 169,836 493,264
DEPRECIATION
At 1 September 2023 31,542 1,602 61,746 94,890
Charge for year 31,542 1,282 12,637 45,461
At 31 August 2024 63,084 2,884 74,383 140,351
NET BOOK VALUE
At 31 August 2024 252,334 5,126 95,453 352,913
At 31 August 2023 283,876 6,408 15,720 306,004

Motherwell Football Club Community Trust

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,172 19,840

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 4,656 -
MFC - Loan 57,062 54,727
Accrued expenses 13,134 10,099
74,852 64,826

10. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
£    £    £   
Unrestricted funds
General fund 168,518 (59,673 ) 108,845

Restricted funds
Scottish Football Partnership 8,724 (1,091 ) 7,633
SFA 154,884 32,643 187,527
SPFL Trust 5,530 (5,530 ) -
NLC - 5,000 5,000
Capital Regeneration 165,806 (18,423 ) 147,383
The Scottish Children's Lottery Trust - 1,350 1,350
NLC - Regeneration Capital Grant Fund - 26,582 26,582
334,944 40,531 375,475
TOTAL FUNDS 503,462 (19,142 ) 484,320

Motherwell Football Club Community Trust

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

10. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 199,040 (258,713 ) (59,673 )

Restricted funds
Scottish Football Partnership - (1,091 ) (1,091 )
Cash for Kids 5,127 (5,127 ) -
SFA 103,329 (70,686 ) 32,643
SPFL Trust - (5,530 ) (5,530 )
S.F.P. Fitba First 1,000 (1,000 ) -
NLC 10,000 (5,000 ) 5,000
Capital Regeneration - (18,423 ) (18,423 )
The Scottish Children's Lottery Trust 1,350 - 1,350
NLC - Regeneration Capital Grant Fund 29,265 (2,683 ) 26,582
150,071 (109,540 ) 40,531
TOTAL FUNDS 349,111 (368,253 ) (19,142 )


Comparatives for 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

Motherwell Football Club Community Trust

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

10. MOVEMENT IN FUNDS - continued

Comparative 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 6,770 (6,770 ) -
Amazon Smile 269 (269 ) -
Changing Room 800 (800 ) -
Football Fans in Training 8,180 (8,180 ) -
L Hutchison Heat & Eat 5,000 (5,000 ) -
CMHWB 30,300 (30,300 ) -
Capital Regeneration 184,229 (18,423 ) 165,806
The Scottish Children's Lottery 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

11. RELATED PARTY DISCLOSURES

At the year end, the company owed £57,062 (2023: £54,727) to Motherwell Football Club. There is no set repayment date for this balance.