MOORDALE COURT COMPANY LIMITED Acom an limited b Guarantee REGISTERED CHARITY NUMBER.. 1046293 COMPANY NUMBER: 03039032 FINANCIAL ACCOUNTS FOR THE YEAR ENDING 31st MARCH 2024 DRAYCOTT & KIRK LLP CHARTERED CERTIFIED ACCOUNTANTS 92 Westgate Guisborough Cleveland TS14 6AP
MO RDALE COURT COMPANY LIMITED COMPANY INFORMATION FOR THE YEAR ENDED 1st MARCH 2024 Addrèss 4 Moordale Court Lingdale Saltburn by the Sea Cleveland TS12 3DX Accountsnts Draycott & Kirk LLP Chartered Certified Accountants Cleveland House 92 Westg8te Guisborough CLEVELAND TS14 6AP Reg. fharity No. 1046293 Company number 3039032 Page 1
MOORDALE COURT COMPANY LIMITED TRUSTEES ANNUAL REPORT FOR THE PERIOD 1ST APRIL 2023 TO 31ST MARCH 2024 Names of Charlty trustses (who are also dlrectors) who manage the charlty MrsPAPary Mr G Arnold Ms N Oliver (From 31110123) (From 31110123) Structurg. governance and management Governlng document.. Conslitullon of th8 charity.. Trustee selection methods.. Memorandum and artlcles of association. Company limited by guarantee and regist6r8d charity. By Committee. Objoctlvos and a¢tiviti08 The principal activity ol the comp8ny in the year under review was that of a residential hoine. The charit8ble objectives of the company are the relief of persons with leamlng difficulties by the provlslcin of rented accommodation 8nabling such p8rsons to hav& the opportunity of independent living. Summary of tha maln activlties in relation to purposes for the Publlc Benèfit The provision of rentsd accommodallon to persons with leaming difficultles. The provision of an amenity building for use by local groups by arrangement. The Trustees have had reguard to The guidencé Sssued by The Charity Commission on Public b8nefit.P25 Achlgvem8nl8 and p•rformance The company achleved its objectives for the year of running 8 residentlal home for persons with leamlng difficulties, it Was ablg to make a small surplus. thanks to tight monetary control. Reserves pollcy The charity aims to keep an amount of funds in reseN8 to al leasl cover three months wnnlng costs. Flnan¢lal revl•w The director8 confirm that., The funds have b88n appli8d to meet the charilablg objectiv88. The assets are held to meet these objectives. - The funds are suffiaent to meal th8 obligations and are held in accordance wth lh6 dire.=lors power5. The funding is dependent upon the continuing support of Rgdcar & Cleveland Borough Council. The report has been prepared in accordance with the Slalement of Recommended Pr8Ctice: Accountlng and ReportSng by Charities and in accordance with the special provisions of part 15 of thg Companl6s Act 2006 relating to small companies. The trustees d8clare thèy have approved the trustees. report abovo. Signed on behalf of the ¢haritys trustses Signalure Full Name Poslllon Director Dated Page 2
Inde endent Examiner's Re ort to the Trustees of Moordale Court Com an Llmited I report on the accounts of the company for the year ended 31st March 2024 which are set out on pages 4t06 Respective responsibilitlgs of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144{2) c)f the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it 15 Iiiy responsibility to: examine the accounts und(>r section 145 of the 2011 Act; follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 20.11 Act. and - stat6 wh6ther particular matters have come to my attention. Basls of Indepandent oxamlner's report My examination was carried oiit in accordance with the general Directions given by the Charity Commission. 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 disdosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedure:; undertaken do not provide all the evidence that would be required in an audit and consequently no opiiiion is given as to whether the accounts present a'true and fair view. and the report is lirnited to tho.'>e mattars set out in the statement below. Independent oxamlnor's statement In connection with my examin.ation, no matter has come to my attention: - which gives me reasonable cause to believe that, in any material respect, the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006., and - to pr8pare accounts which accord with the accounting records, comply with the accounting requirements of sectioD 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recornmended Practice: Accounting and R8POrting by Charities have not been met. or 2 - to which, in my opinion. atr.ention should be drawn in order to enable a proper understsnding of the accounts to be reac Mason F.C.C.A. Chartered Certified Accountant Dr8ycott & Kirk LLP Cleveland House 92 Westgate Guisborough TS118BP Date Page 3
MOORDALE COURT COMPANY LIMITED Statement of Financial Activities for the ear ended 31st March 2024 Note Unrestricted Restricted Funds Funds Incomln Total Furids Resources 2023 Contributions Grants Interest received Totsl Incomin 248,701 248,701 233,977 1.507 452 2,933 251,634 .2,933 251,634 Resources 235,936 Ex 8ndlture Direct charitable expendlture Provisions & allowance Rent, rates & water Insurance Light & heat Wages Training Telephone Post, stationery & advertising Motor & travel Repairs & renewals Cleaning & sundry Accountancy Professional fees Bank charges Depreciation 9,131 8,784 2,753 4,371 200,745 780 958 20 641 1,122 4,135 1,381 3,116 174 234 13,131 8,784 2,753 ,1.371 2011,745 780 958 20 641 1,122 4.135 1,381 1,116 174 234 12,753 7,970 2,154 2,723 189.528 571 745 89 387 1,186 4,006 1,082 3.146 174 242 IEX 238.345 226,756 Transfers belwoan funds Net Incomingloutgoing Resources Total funds brought forward Total funds ¢arrled forward 13,289 107,627 9,180 98.447 107,627 120,916 120,916 107,627 Page 4
MOORDALE COURT COMPANY LIMITED Balance Sheet as at 31st March 2024 NOTE 024 2023 FIXED ASSETS Fixlures & Equipment 1,325 1.369 URRENT A SET Prepayments Bank Account Cash In Hand 1,399 121,304 639 1,216 107,692 749 123,342 109,657 124,667 111,026 RENT LIABILrriE hin1 Creditors & Accruals 3,751 3,399 3,751 3,399 NET ASSETS 120.916 107,627 FUNDS Unrestrlcted Funds Restricted Funds 120.916 107,627 120,916 107.627 For the year ending 31 st March 2024 the company was entitled to exemption from audit under section 477 of the Compani8s Act 2008 rglatlng to small companies. Directors, responsibilities: The members have not requ red the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities foi complying with the requirements of the Act with respect to accounting records and tre preparation of accounts. The financial ststements haiia been prepared in ac¢ordanG8 Wlth tha provisions of the Companles Act 2006 relating to samll companies. These Financial Statements were approved by the Dlractors on Signed . Patricia Ann Pary- Directoi- Page 5
MOORDALE COURTC MPANY LIMITED Notes to the Accounts for the ar ended 31st March 2024 1. General Information and basis of re aration The Charity is limited by Guarentee and registered in England and Wales. The Companys regislered number and Charity number and principal address are disclosed on the i=ompany Information page. The charity constitutes a public benefit entity as defined by FRS 102. The financial statem6nts have been prepared in accordance Accounting and Reporting by Charities.. Stament of Recommended practice applicable to charities preparing their accounts in accordance w,th the Financial Reporting Standard applicable in the Uk and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through update bulletin 1 publish on 2 February 2016), the Financial ReFOrting Standards applicable in the United Kingdom and Republic of Ireland (FRS 102) and UK Generally accepted practice as it applies from 1 January 2015. The charity has applied update bulletin 1 as published on 2 February 2016 and does not include a cash fiow statement on the grounds it is applying FRS 102 Section 1A. The Financial statements are pPared on a going concern basis under tlie historical cost convention. The Financial statements are present8d in sterling which is the functional curr8ncy of the charity and rounded to the nearest pound. The significant accounting poliCS applied in the preparation of the finani.ial statements are set out These policies have been applied to all years shown unless otheiSe stated. The charity adopted SORP {FRS 102 in the current year and no tr8nsitiori adjustments were required, Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of th8 charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. I he cost of raising and administrating such funds are charged against the specific fund. The aim and use of each restricted fijnd is set out in the notes to the accounts. All grants and voluntary income are accounted for gross when receivable, as long as they are capable of financial measurement. All expenditure is accounted for induding VAT when incurred. Provlslon for depreclation of fixed assets held for use by the charSty Is ma(le at annual rates calculated to spread the cost (less anticipated residual disposable value) of each asset evenly over its expected useful life. The depreciation rates currently in use for fixgd assets held for use by the charily are 150/0 on reducing balance basis for fixtures & equipmen-. Reserves policy: The directors have considered the level of reserves needed in order to maintain the ongoing activities of the charity. The directors consider that an amount representing three months running costs are advisable. Page 6a
MOO DALE COU TCO PANY LIMrrED Notes to the Accounls for thè ear ndod 31s March 202 2 Co 023 233,977 RCBC 248,701 248,701 233,977 3 Grant 2024 2023 Infection Pfev8ntion Control 1,507 1,507 FIX 3Tan Ible Fl ed ures Cost at 1st April 2023 Additions during ihe year Grant Cost at 31st MarGh 2024 27,414 190 27,604 Depreciation at 1st Aprll 2023 D8preciation fof the year 26,045 234 Deprnclatlon at 31•t Mar¢h 2024 Net book value at 31st March 2024 26,279 Not book value al 31st March p!023 1,369 4 Fund8 Transfers Incomlng betweBn sourc99 nds Opiinlng Outgolng ource3 C1081ng bala Unrestrlcted funds 107,627 251,634 238,345 120,916 Re5trlctsd Fund$ The reslricled fund is m8de i.p of one fund, "Infection Prevention Control" to help toward staff wages wli&n they were forced to isolate or lo pay for additional staff. 5 Anal sls of funds assets Unre3trlcled Restrlcted Total Fixed assets Current assets current118bilities 1,325 123,342 (3,751) 1,325 123,342 13,7511 120,916 120.916 Page 6b
MOORDALE COURT COMPANY LIMITED otes to the Accounts for the ear ended 31st March 2024 6 Transactlons wlth trustee's and connected ersons During the year there was no transactions with trustees or connected perions. 7 Trustee ind mni insurance During the year, no insurance was purchased to indemnify trustee5 against default on their part. 8Em lo ee costs 2024 2023 200,745 189,528 15 staff were employed by the Company (2023 - 15). No stsff were paid iri excess of £60,000. 9Co The company is under the control of the directors. Page 6c