THE ROCHDALE CHILDREN’S MOORLAND HOME
Trustees Report
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Financial Statements
Year Ended 31 December 2023
Charity No. 1086973
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|CONTENTS|
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|Report|of the|Trustees|1|
|Report|of the|Independent|Examiner|3|
|Statement|of Financial|Activities|4|
|Balance|Sheet|5|
|Notes|forming|part|of the|Financial|Statements|6|
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THE ROCHDALE CHILDREN’S MOORLAND HOME
YEAR ENDED 31 DECEMBER 2023
TRUSTEES J.D. Rigg N Butterworth R Stelling J Law R Nicholson (appointed 21 September 2023)
PRINCIPAL ADDRESS Nab Farm Barnfield Lane Wardle Rochdale Lancashire OL12 9PN
INDPENDENT EXAMINER M. J. Pickup., FCA PKW LLP Cloth Hall 150 Drake Street Rochdale Lancashire OL16 1PX
BANKERS Virgin Money 9-11 Yorkshire Street Rochdale OL16 1BL
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THE ROCHDALE CHILDREN’S MOORLAND HOME FOR THEREPORTYEAR ENDEDOF THE31TRUSTEESDECEMBER 2023
The Trustees present their report together with the accounts for the year ended 31 December 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.
Objectives and activities
The charity was formed by trust deed on 24 June 1924 to provide a home for the poor children of Rochdale and district. These objects have been complied with.
To provide holidays for young children between 5 — 12 years old. They are usually from Special Needs Schools or Social Services with accommodation for carers where appropriate. The home is generally open between April and October, with additional use for youth groups etc., who will pay to use the Home.
Transactions and financial review
The Statement of Financial Activities is on page 4 and the Balance Sheet is on page 5.
Trustees
The trustees who have served during the year are:-
- J.D. Rigg N Butterworth R Stelling JLaw R Nicholson (appointed 21 September 2023)
In addition there is a Management Committee of between 6 and 10 people who look after the general administration. All activities are carried out on a voluntary basis.
Risk
The Management Committee review potential risks and opportunities in to ensure the charity continues to satisfy its objectives.
During the year the risk and opportunity register (introduced in 2017 to identify and mitigate key risks that could impair the ability to deliver services or damage the charity) has been reviewed. There have been one minor safeguarding issue reported in 2023. All necessary communications and procedures were followed. There were no complaints raised in 2023.
Achievements and Performance
Another very busy year with several challenging building and improvement projects undertaken and delivered during the off season. The occupancy rating was 97% over the course of the year.
We catered for 868 individual children and 269 support and teaching personnel over the year from 17 different schools, institutions, and social referrals. The resulting volume of day and overnight stays are:
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e 658 day stays for children.
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e 205 day stays for adult support and teaching personnel.
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e 759 overnight stays for children
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e 99 overnight stays for adult teaching and support personnel.
Public Benefit Statement
The home provides subsidised services to local schools and social services for the benefit of the population of Rochdale Metropolitan Borough and surrounding districts. The Trustees confirm that they have referred to the guidance contained in the Charity Commissioner’s General Guidance on public benefit when reviewing the charity’s aims and objections.
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THE ROCHDALE CHILDREN’S MOORLAND HOME REPORT OF THE TRUSTEES CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023
Investments and reserves
Investments have mainly built up from bequests over the years. These are professionally managed, by Rathbone Investment Management, on a discretionary basis. The Trustees hold on deposit a reserve fund which may appear high at the year end when the Home is closed but is required when the home re-opens in the Spring and has sufficient reserves to ensure the medium-term continuity of the home.
Plans for future periods
The charity fulfilled a long-time need to provide a zip wire for the children and through the generosity of donators, they have also been able to replace some outdated and redundant play equipment and improve the wooden fort with features that make it more fit for purpose. Future plans include more refurbishment / replacement of obsolete outdoor play equipment.
Trustees’ responsibilities statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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e select suitable accounting policies and then apply them consistently;
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° observe the methods and principles in the Charities SORP 2015 (FRS102);
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e make judgements and estimates that are reasonable and prudent;
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e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Signed on behalf‘ty
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J.D. Rigg TRUSTEE
p— <— J. Law
TRUSTEE
22 April 2024
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF
THE ROCHDALE CHILDREN’S MOORLAND HOME
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 4 to 11.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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VA
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Michael J Pickup FCA
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PKW LLP
Chartered Accountants Cloth Hall 150 Drake Street Rochdale OL16 1PX
22 April 2024
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THE ROCHDALE CHILDREN’S MOORLAND HOME
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDING 31 DECEMBER 2023
| 2023 | 2022 | |||||
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| Notes | ||||||
| £ | £ | p | ps | |||
| Incoming resources from | ||||||
| generated funds: | ||||||
| Investment Income | 2 | 16,916 | 16,549 | |||
| Donations and other fund raising | 3 | 65,181 | 54,148 | |||
| Income fromLand | 1,500 | 1,500 | ||||
| 83,597 | 72,197 | |||||
| Resources Expended | ||||||
| Charitable Activities | 4 | 91,606 | 130,239 | |||
| Governance | 4 | 8,548 | 8,524 | |||
| Total Resources Expended | 100,154 | 138,763 | ||||
| Net (Outgoing)/Incoming Resources | (16,557) | (66,566) | ||||
| Gains/(Losses) on Investment | ||||||
| Realised— Equities |
(6,695) | (1,127) | ||||
| Government Stock | - | 1,421 | ||||
| Unit Trusts, Alternatives& Fixed Interest | - | 2,819 | ||||
| (6,695) | S08) | |||||
| Unrealised- Gain/(Deficit) |
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| Equities | 42,668 | (59,387) | ||||
| Government Stocks | 1,445 | (5,709) | ||||
| Unit Trusts, Alternatives& Fixed Interest | (939) | (3,828) | ||||
| 36,479 | (65,811) | |||||
| Net Movement in Funds | Stipesoyessi 19,922 |
See (132,377) |
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| Fund Balance at 1 January 2023 | 772,124 | 904,501 | ||||
| FundBalanceat31December2023 | 792,046 | 772,124 |
There were no gains or losses other than those reported above. All of the above amounts relate to continuing activities
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The notes on pages 6 to 11 form part of these financial statements
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THE ROCHDALE CHILDREN’S MOORLAND HOME
BALANCE SHEET AS AT 31 DECEMBER 2023
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|Notes|2023|2022|
|£|£|
|FIXED|ASSETS|
|Investments|6|735,790|718,697|
|Ground Rents|Vf|1,293|1,293|
|737,083|719,990|
|CURRENT|ASSETS|
|Cash|at Bank &|in|Hand|$4,591|52,682|
|Other|debtors|570|-|
|792,244|772,672|
|CURRENT|LIABILITIES|
|Other|creditors|(198)|(548)|
|792,046|772,124|
|Represented|by:-|
|Unrestricted|Funds|
|General|Fund|792,046|772,124|
|Designated|Fund|=|~|
|792,046|772,124|
|These|financial|statements|were|approved|by|the|Trustees|on 22 22|April|2024.|
|‘D.|Rigg|TRUSTEE|
|Law|TRUSTEE|
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These financial statements were approved by the Trustees on 22 22 April 2024.
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‘D. Rigg
J Law
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The notes on pages 6 to 11 form part of these accounts
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THE ROCHDALE CHILDREN’S MOORLAND HOME
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
- ACCOUNTING POLICIES
Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note (s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Report Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
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The trust constitutes a public benefit entity as defined by FRS 102.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
Fund Accounting - Unrestricted funds General funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds that have been earmarked by the Trustees for particular purposes.
Income Recognition Voluntary income including donations and grants that provide core funding or are general in nature are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:-
- e The donor specifies that the grant or donation must only be used in future accounting periods, or e The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Income from charitable activities includes income received under contract where entitlement to grant funding is subject to specific performance conditions being recognised. Grant income included in this category provides funding to charitable activities and is recognised where there is entitlement, certainty of receipt and amount can be measured with sufficient reliability.
Expenditure Recognition
Direct charitable expenditure is accounted for when paid by the trustees.
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e Charitable activities include expenditure incurred when undertaking charitable activities and include both direct costs and support costs relating to these activities
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e Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constructional requirements.
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e Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources e.g. staff costs by the time spent and other costs by their usage.
Investments
Investments are shown at market value at the balance sheet date.
Ground Rents
Ground Rents are included in the financial statements at cost.
Realised Gains & Losses
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement ofFinancial Activities.
Investment Income and Interest Received
Investment Income and interest is accounted for on a received basis.
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THECHILDREN’SROCHDALE MOORLAND HOME
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
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|2023|2022|
|£|£|
|2.|INVESTMENT|INCOME|
|Dividends|15,997|16,332|
|Interest|904|202|
|Ground|Rent|Received|15|15|
|16,916|16,549|
|3.|DONATIONAL AND OTHER|FUND|RAISING|
|Donations|65,048|53,745|
|Fund|Raising|133|403|
|65,181|54,148|
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- DIRECT CHARITABLE EXPENDITURE
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|2023|2022|
|Charitable|Governance|Total|Total|
|Activities|
|8|£|£|Bs|
|Property|Costs:-|
|Rates|3,287|-|3,287|1,682|
|Insurance|5,585|-|5,585|4,923|
|Heat and|Light|9,159|=|9,159|8,102|
|Repairs|and|Renewals|6,569|-|6,569|13,423|
|Support|Costs:-|
|Food|4,883|-|4,883|3,993|
|Entertainment|3,042|-|3,042|1,571|
|Employment|30,811|—|30,811|28,418|
|Stockbroker Fees|-|6,078|6,078|6,346|
|Accountancy|-|2,470|2,470|2,178|
|Printing,|Stationery|and|Computer|Costs|535|-|535|911|
|Telephone|and|Television|1,664|-|1,664|1,534|
|Sundry|Expenses|2,413|-|2,413|2,751|
|Property|Improvement|Costs|23,658|-|23,658|62,931|
|91,606|8,548|100,154|138,763|
|~—|+--+"|oe|ee|annie|
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THE ROCHDALE CHILDREN’S MOORLAND HOME
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
| 5. INVESTMENTS | 2023 | 2022 | |||
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| £ | £ | ||||
| a) Quoted at market value | |||||
| Equities | 664,788 | 669,899 | |||
| Unit Trusts, Alternatives & Fixed Interest | 33,557 | 34,237 | |||
| British Government Stocks | 37,445 | 14,561 | |||
| 735,790 | 718,697 | ||||
| 2023 | 2022 | ||||
| £ | £ | £ | oe, | ||
| b) Movements in Equities | |||||
| As at 1 January 2023 | |||||
| As stated at cost | 612,719 | 527,245 | |||
| Increase to market value | 57,180 | 116,568 | |||
| As at 1 January 2023 at market value | 669,899 | 643,813 | |||
| Purchases during the year | 63,696 | 138,815 | |||
| 733,595 | 782,628 | ||||
| Disposals during the year:- | |||||
| Proceeds | 104,780 | 52,215 | |||
| Cost at 1 January 2023 | 111,475 | (111,475) | 53,342 | (53,342) | |
| Realised Gain/(Loss) | (6,695) | (1,127) | |||
| Unrealised Gain/(Loss) | 42,668 | (59,387) | |||
| Valuation at 31 December2023 | 664,788 | 669,899 | |||
| c.Movements in Unit Trusts,Alternatives& | Fixed | Interest | |||
| As at 1 January 2023 as stated atcost | 35,510 | 44,685 | |||
| Uplift to market value | (1,273) | 4,436 | |||
| As at 1 January 2023 at market value | 34,237 | 49,121 | |||
| Purchases duringtheyear | 259 | 243 | |||
| Disposals during the year | 34,496 | 49,364 | |||
| Proceeds | - | 10,839 | |||
| Costat 1 January2023 | - | - | 9,418 | (9,418) | |
| RealisedGain | - | 1,421 | |||
| Unrealised(Loss)/Gain Valuationat31December2023 |
(939) 335511, |
(5,709) 34,237 |
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THE ROCHDALE CHILDREN’S MOORLAND HOME
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 | 2022 | ||||||
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| £ | £ | £ | £ | ||||
| d)Movements in British Government Stock | |||||||
| As at 1 January 2023 as stated atcost | 14,131 | 41,506 | |||||
| UplifttoMarket Value | 430 | 4,258 | |||||
| As at 1 January 2023 atmarket value | 14,561 | 45,764 | |||||
| Purchases during the year | 21,439 | - | |||||
| 36,000 | 45,764 | ||||||
| Disposals during the Year | |||||||
| Proceeds | - | 30,194 | |||||
| Cost at 1 January 2023 | - | - | 27,375 | (27,375) | |||
| Realised Gain | - | 2,819 | |||||
| Unrealised (Loss)/Gain | 1,445 | (3,828) | |||||
| Valuation at 31 December2023 | 37,445 | 14,561 | |||||
| 6.GROUNDRENTS AT COST | 2023 | 2022 | |||||
| £ | £ | ||||||
| Land—Hartley Street, Rochdale | 378 | 378 | |||||
| Land—Leamington Street andRedcross Street | 915 | 915 | |||||
| 1,293 | 1,293 |
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THE ROCHDALE CHILDREN’S MOORLAND HOME
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 | 2022 | |||||
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| f | £ | ze | £ | |||
| Bank Balances at 1 January 2022 | ||||||
| CurrentAccount | 2225) | 22,080 | ||||
| Rathbones Account | 4,950 | 70,575 | ||||
| Capital Reserve | - | - | ||||
| 27,201 | 92,655 | |||||
| Receipts | ||||||
| Donations | 1 | 1 | ||||
| Investment Income | 16,867 | 16,532 | ||||
| Sales ofInvestments | 104,780 | 93,248 | ||||
| GroundRent Received | 15 | 15 | ||||
| Transfers fromCommunity Account | 500 | - | ||||
| 122,163 | 109,796 | |||||
| 149,364 | 202,451 | |||||
| Payments | ||||||
| Repairs and Renewals | 489 | Soil | ||||
| Property Improvement Costs | = | = | ||||
| Grant to Management Committee | 26,000 | 21,000 | ||||
| Purchase ofInvestments | 85,394 | 139,058 | ||||
| Rates and Council Tax | 2,307 | 1,682 | ||||
| Insurance | 5,585 | 4,923 | ||||
| Accountants Fees | 1,980 | 1,890 | ||||
| Stockbrokers Fees | 6,078 | 6,346 | ||||
| Miscellaneous | 32 | - | ||||
| 127,865 | 175,250 | |||||
| Balances Carried Forward | ||||||
| BankBalances at31December2023 CurrentAccount |
6,374 | 22,251 | ||||
| Rathbones Account | 15,125 | 4,950 | ||||
| Capital Reserve | 3 | = | ||||
| 21,499 Set |
27,201 ieEoin |
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THE ROCHDALE CHILDREN’S MOORLAND HOME — MANAGEMENT COMMITTEE
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023
| 2023 £ |
£ | £ | 2022 £ |
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| Bank Balances at 1 January 2023 | ||||
| Bank | ||||
| High Interest Accounts | - | - | ||
| Community Account | 23,922 | 69,670 | ||
| MoneyManagers | 1,335 | 1,333 | ||
| Cash | 225 | 348 | ||
| 25,482 | 71,351 | |||
| Receipts | ||||
| Grants fromTrustees | 26,000 | 21,000 | ||
| General Donation | 65,046 | 53,744 | ||
| Field Rental | 1,500 | 1,500 | ||
| Home Generated Income | 133 | 403 | ||
| Bank Interest | 33 | 2 | ||
| 92,712 | 76,649 | |||
| 118,194 | 148,000 | |||
| Payments | ||||
| Food | 4,883 | 3,993 | ||
| Salaries | 30,685 | 26,533 | ||
| Pension Contributions | 1,049 | 832 | ||
| Oil | 980 | 4,259 | ||
| Electricity | O59) | 3,843 | ||
| Printing, Stationery and Computer Costs | 535 | 911 | ||
| Telephone and Television | 1,664 | 1,534 | ||
| Repairs and Renewals | 6,080 | 13,072 | ||
| Children’s Entertainment | 3,042 | 1,571 | ||
| Miscellaneous | 2,376 | 2,751 | ||
| Accountants’ Fees | 490 | 288 | ||
| Transfers to Community Account | 500 | - | ||
| Property Improvement Costs | 23,658 | 85,101 | 62,931 | 122,518 |
| Balances Carried Forward at 31 December 2023 | ||||
| Bank | ||||
| High InterestAccount | - | - | ||
| Community Account | 29,862 | 23,922 | ||
| MoneyManager | 2,818 | 1,335 | ||
| 32,681 | 25,257 | |||
| Cash | 412 | 33,093 | 225 | 25,482 |
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