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2023-09-30-accounts

MOSELEY COMMUNITY DEVELOPMENT TRUST

A company limited by guarantee, registered in England Company number 4163271 Registered charity number 1087949

FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

CONTENTS

PAGE
COMPANY INFORMATION 3
TRUSTEES’ ANNUAL REPORT 4-12
INDEPENDENT EXAMINER’S REPORT 13
STATEMENT OF FINANCIAL ACTIVITIES 14
BALANCE SHEET 15
CASHFLOW 16
NOTES TO THE FINANCIAL STATEMENTS 17-23
DETAILED INCOME AND EXPENDITURE SUMMARY 24
NOTES TO THE STATEMENT OF CASH FLOWS 25

Page 2 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

COMPANY INFORMATION

TRUSTEES Claire Spencer Chairperson
(appointed 5 April 2023)
Nicholas Booth Chairperson
(appointed 18 April 2023)
Neil Ramage Treasurer
Paul Williams
Austin Barber
Louise Atkins
Gervase Havill (appointed 22 November 2023)
Steve Harding (resigned 22 November 2023)
Fiona Adams (resigned 22 November 2023)
CHIEF OFFICER Lorna Brewster
SECRETARY Lorna Brewster
REGISTERED OFFICE The Moseley Exchange
149 - 153 Alcester Road
Birmingham
B13 8JP
REGISTERED NUMBER 4163271
CHARITY NUMBER 1087949
INDEPENDENT EXAMINER Independent Auditors LLP
Emstrey House (North), Shrewsbury Business Park
Shrewsbury, Shropshire, SY2 6LG
BANKERS Co-operative Bank plc
Stockport Business Direct, PO Box 250
Delf House, Southway
Skelmersdale, WN8 6WT

Page 3 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023

The Trustees present their report and the financial statements for the period ended 30 September 2023.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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 (FRS102) (effective 1 January 2015). The directors have prepared this report in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

STRUCTURE, GOVERNANCE & MANAGEMENT

Governing Documents

The Trust is registered as a company limited by guarantee, incorporated on the 20th February 2001 and registered as a charity on 15th August 2001. The company is established under Articles of Association that detail the objects and powers and the governance arrangements. The Articles, that were revised and updated in 2016, allow the organisation to pursue its charitable objectives. This period, the Board continued to review its Memorandum and Articles of Association to ensure compliance with guidance from the Charity Commission and Companies House. In the event of the company being wound up, members may be required to contribute an amount not exceeding £1.

Recruitment & Appointment of Trustees

It was decided at registration of the Trust that the Board would have a maximum of 13 members; with a minimum of three members. Also, Members can either be full Board Members or an Associate Member; Associates do not have voting rights. It is anticipated that new Members shall be drawn from the community if their specialist skills or knowledge match the requirements of the Board. The Members continue to be referred to as Trustees or Directors and a full list is shown on page three of this report along with the changes in the last period.

As of 30th September 2023, there were 8 formally appointed Board members out of the maximum 13 available positions. With two longstanding Board members set to step down at the next AGM, we also had a new Board member due for appointment. Any new requests to join the Board will be considered carefully to ensure people with appropriate skills are recruited. When opportunities exist to join the Board, the combination of experience and skills the Board seeks are advertised in advance of the AGM, including the Trust’s website.

During this period, two longstanding and valued members of the Board signalled their intention to step down at the next AGM. Steve Harding, who originally joined the Board in 2004 served as Chair for many years, leading the organisation through numerous stages of growth and development. Steve was instrumental in establishing the coworking space at Moseley Exchange, which played a crucial role in positioning the CDT as a hub for innovation.

We also saw our longest-standing trustee, Fiona Adams, announce her departure from the Board. Fiona was key to the inception of the CDT, the establishment of Moseley Exchange, and the more recent acquisition of Moseley Hive. Fiona has been an invaluable asset to our charity, offering wisdom, guidance, and unwavering commitment to our mission. Her contributions have significantly shaped the strategic direction of our organisation and have been instrumental in many of our successes. While Fiona's role on the Board will be greatly missed, we are reassured by her ongoing commitment to work with us in various other capacities, including her role with the Moseley Society.

Page 4 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

We extend our deepest thanks to both Fiona and Steve for their extraordinary service and wish them all the best in their future endeavours.

Trustee Induction & Training

Induction involves an initial meeting with the Chair to review the purpose, direction and operation of the Trust.

Following this, the new Board member meets with the Chief Officer to understand their duties and responsibilities as a Trustee of a registered Charity and a Director of a Company Limited by Guarantee. The Director is given guidance notes that cover fiduciary, statutory and other duties, including the ‘Trustee Welcome Pack’ produced by the Charity Commission.

Members are asked to complete documents that list their background and interests. They are then required to make a commitment to comply with the duties and responsibilities of a Director / Trustee of Moseley Community Development Trust.

Finally, new Directors receive a short biography of their fellow Members of the Board and are asked to write their own to circulate to other Members.

Organisational structure

The MCDT Board meets between six and eight times a year and in-between Board meetings sub-groups (led by a Trustee) meet to consider particular aspects of the Trust’s work. Currently, the sub-groups are: Property; Finance and General Purposes and the Moseley Regeneration Group. Recommendations and progress from the sub groups are reported back to the main Board.

The Board is responsible for the strategic direction and policy of the Trust, with day-to-day responsibility for its management delegated to the MCDT’s Chief Officer. This member of staff is also responsible for the supervision of other staff, ensuring that the team continues to develop their skills and working practices in line with good practice, forming external links, delivery of community development activities, managing the property and attracting funding.

Related Parties

Within the Moseley neighbourhood (the area of benefit) Moseley Community Development Trust acts as a “neighbourhood anchor” and has relationships with local community organisations such as the Moseley Society, Moseley Forum, the Moseley Alternative Giving Campaign, Moseley in Bloom, Moseley Park & Pool, St. Mary’s Church, St. Columba Church, residents associations, Moseley Litterbusters, Moseley Misfits and Plastic Free Moseley and Kings Heath and other specialist interest groups that meet at the Moseley Exchange.

Moseley Community Development Trust has worked in partnership with several statutory organisations to help deliver its objectives. These include Birmingham City Council, West Midlands Police and NHS Social Prescribers as well as local businesses and charities such as Anawim, Change Kitchen and Kinmos.

In addition, Moseley Community Development Trust is a member of Locality, an umbrella body for community enterprises and social action centres in the UK. Locality helps raise awareness about community enterprise, supports emerging trusts and engages with strategic bodies and decision makers in the field of regeneration, social enterprise and community development.

Page 5 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

Risk Management

The Trustees have considered the major risks that face the charity. During the period covered by this report, they concluded that the main non-financial risks lie in the operation of the buildings and have maintained the Property sub-group to consider repairs, health and safety and insurance matters and to reduce risks to a minimum.

The Board takes advice from relevant professional consultants when necessary. Staff receive relevant training which is also kept up to date.

OBJECTIVES AND ACTIVITIES

The Trust has objects for the benefit of the community in Moseley under the headings of:

Moseley Community Development Trust aims to become a sustainable organisation that can lead the regeneration of the neighbourhood it serves. It is doing this through a combination of social, economic, and environmental projects.

It delivers its aims through the objectives listed above and by implementing the values and principles common to other development trusts in the UK; they are independent community enterprises created to bring wealth and improvements to their neighbourhood and they are all:

OUR ACHIEVEMENTS AND PERFORMANCE

In the period to 30 September 2023 Moseley Community Development Trust pursued the following activities to further its objectives and create public benefit:

Community support

A community anchor organisation

MCDT has continued to operate as a “neighbourhood anchor” organisation, acting as a hub for community life in the neighbourhood. Historically the Moseley Exchange building has been considered a focus for community life and many small interest groups use it for meetings or leisure activities. It is also seen as a place to either gather or distribute local information.

Page 6 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

On 10th May 2023, we were thrilled to announce the successful purchase of Moseley Hive as a long-term community asset. Over the past two years, we have been using this vibrant space on a meanwhile-use lease, and its acquisition marks a significant milestone for the charity. The news of the purchase was met with enthusiastic support from the community, evidenced by the positive responses on social media and the over 100 local people who joined us for the celebration evening. This achievement not only secures Moseley Hive's future as a hub for community activities but also reinforces our commitment to fostering local engagement and innovation. We extend our heartfelt thanks to The Mary Kinross Charitable Trust for their support and funding in securing this asset for the diverse community of Moseley; this would not have been possible without their prompt and decisive action in responding to this emerging opportunity.

We are now working closely with the local community and an architect to redesign this former pizza restaurant into a thriving community hub for the future. In the meantime, the space continues to serve a diverse cross-section of the community, hosting activities such as repair cafes, swap shops, community yoga, LGBTQI+ meetups, non-binary group meetings, creative writing sessions, ESOL classes, and breakdancing. Moseley Hive continues to be a vibrant inclusive space for both the local community and those from further afield.

MCDT supports the Moseley Alternative Giving Campaign project. The problems arising from homelessness, drinking and begging in Moseley remain, although our Outreach Worker Anji Page achieves positive outcomes for many of the individuals involved. Anji continues to run a regular weekly drop-in operating from St Columba Church providing support to access food, housing, benefits and other support for anyone who may need it. Thank you to our partners for their support with this drop-in: Change Kitchen for their regular generous donations of hot healthy food, St Columba Church for allowing us to use the space for the drop-in and Moseley Farmers Market and St Mary’s Church for the ongoing financial support towards the Neighbourhood Outreach Worker post.

The Moseley Exchange room hire activity has always been an essential service for residents, community groups and local businesses. A variety of different community groups or public sector bodies have historically used the Moseley Exchange as a base to plan or deliver services. Moseley Exchange had 251 room hire bookings, split across sectors and percentage of room hire income:

% of bookings % of Room Hire income
Not for Profit/ Community 56% 38%
Public 35% 53%
Private 9% 9%

We continue to support local community groups to further their projects. Some of the groups that have benefited include: Moseley Litterbusters, Plastic-Free-Moseley, Moseley Park and Pool Trust, Moseley Misfits, Moseley Society, Moseley Forum, Moseley Farmers’ Market, Moseley Alternative Giving Campaign and the Moseley in Bloom / Christmas Lights group.

During this period we have continued to work with people fleeing the war in Ukraine who are settling in Moseley and surrounding areas. Through a grant from Birmingham City Council we have been able to employ three Ukrainian members of staff to directly deliver this work, supporting people with Employability, English Language and Wellbeing activities. Over this 7 month period we have worked with over 100 different individuals who have arrived from Ukraine.

Page 7 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

Through the work of our Community Connector Rhiannon Simpson and in partnership with volunteers and other local organisations such as Moseley Park & Pool we have run a range of community events and activities including the Moseley Festival. Through support received from an Awards for All grant we have also been able to provide a programme of free community events and activities throughout the period held at Moseley Hive and other venues. These have offered free opportunities for the community to come together.

At the end of this period, we also saw the launch of our long-awaited Community Fridge, funded by Hubbub. Moseley Community Fridge is a wonderful initiative that aims to reduce food waste and share the bounty of excess food with the local community. It is a place where anyone can donate or take food for free, as long as it is edible and safe. The fridge is run by volunteers who collect food from local shops, clean and monitor the fridge, and promote it to the public. The fridge also organises events and fundraisers to support the community and raise awareness about food waste.

Community safety

Community safety remains an important issue for local people. MCDT continues to employ Anji Page as a Neighbourhood Outreach Worker. Anji works with the Alternative Giving Group, the neighbourhood Police team and local partners. Anji has continued to tackle homelessness, begging, anti-social behaviour, drug use and services co-ordination.

Local enterprise

Moseley Exchange’s co-working space was established to support small businesses, people who work independently / freelance and those just starting a business or a charitable project, by offering low cost, shared, workspace with like-minded people. This has led to a strong community of independent workers who network, share ideas and collaborate. We have offered a number of reduced priced memberships over the period to start up social enterprises, enabling them to register their business at Moseley Exchange.

The Moseley Arts Market continued to run monthly. In addition, Moseley Exchange and Moseley Hive have been host to a number of smaller Makers Markets throughout the period, supporting local artists and makers. The end of September also saw the Moseley Exchange open its doors as part of Open Studios, inviting people from across Birmingham to come in and meet the artists.

At Moseley Hive we have continued to offer a safe, supportive and affordable space for new enterprise, this has included a Pilates start up and a local producer whose arts project was tested out at the Hive and has since gone on to secure longer term arts council funding.

Neighbourhood regeneration

Moseley Community Development Trust has continued to support the Moseley Regeneration Group. This group is made up of local stakeholders and considers strategic matters that help grow the neighbourhood’s resilience. This period, the action plan arising from the Supplementary Planning Document (SPD) was kept under review; members of the Regeneration Group were able to make progress on different elements of the action plan (Making Moseley). The Making Moseley plan continues to evolve as pressures change. The group continues to provide a very helpful forum for strategic discussion, information sharing and about planning or licensing issues in the neighbourhood.

Page 8 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

Organisational development

MCDT appreciates and understands how it needs continually to refine and improve how it operates and functions so it can best serve the neighbourhood. This period has required us to continue to be flexible, adapt with the acquisition of a new community building moving forwards we will need to review our operating model and business plan.

MCDT wishes to be an inclusive organisation and to reach across the neighbourhood. Over the last period through the work at Moseley Hive we have engaged with a different audience, much younger and ethnically diverse than we would usually manage to engage. We hope to continue this work over the forthcoming period to further develop and expand these relationships.

FINANCIAL REVIEW

The accounts that follow show that over the last period the Trust has been able to maintain a reasonable financial position given the context in which it is working. The Trust continues to meet its reserve position.

Our earned income for the 7 month period amounted to £100,614 (£196,559 12 months to 28 February 2023). Aside from an expected reduction in professional services income, all other income sources are in line with expectations taking into account seasonality and the change reporting periods. Coworking income continues to be a focus of ongoing review for the Board.

The Trust has undertaken a financial risk assessment in addition to its operational risk assessment. This concluded that there was no urgent financial risk facing the organisation and there were systems in place to manage the financial risks. The risks that need most attention over the following period include: lower than expected income from room hire; unforeseen building repairs; lower than anticipated use of the co-working space; and the potential for loss and subsequent replacement of core staff.

Principal Funding Sources

Whilst the Trust has earned a significant part of its income, Trustees are grateful to the grant making bodies that have contributed to the work of the organisation.

Reserves Policy

During the period the Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission and have decided that our medium term aim is to have a target reserve of £45,000. Employee costs, unforeseen building repairs and budgeted earned income and expenditure have been considered in determining the target reserve figure. The reserve relates to readily available assets only and excludes fixed assets held by the charity including land and buildings. The actual reserves figure at 30th September 2023, excluding fixed assets, is £56,792.

Investment Policy

Moseley CDT has little surplus to invest. It keeps some of its funds not needed for immediate use in a Virgin Money savings account.

Page 9 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

PLANS FOR FUTURE PERIODS

The challenge to maintain the level of services and income remain, but staff continue to be very resourceful in spotting new opportunities and adapting to include new ideas. Like many other charities in Birmingham, MCDT has found that funding for charitable works has become more difficult to source. However, we shall continue our attempts to grow our independent income from the Moseley Exchange, to consider a community share offer and attract new talent to the Board.

The Chief Officer Lorna Brewster and her team of staff continue to trial ideas and to adapt to circumstances in order to make the most of any opportunity that they can. The organisation will also continue to coordinate the Moseley Regeneration Group and implement elements of the Making Moseley action plan.

We will seek to continue our role as a community anchor organisation that is building the neighbourhood’s resilience. Finally, we hope to increase awareness about the work of the Trust and include a greater variety of people in our work and build more effective partnerships with others in the third sector.

RESPONSIBILITIES OF THE TRUSTEES

Company law requires the Trustees to prepare financial statements for each financial period that give a true and fair view of the state of affairs of the Trust and of the surplus or deficit of the Trust for that period. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Trust 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 Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

TRUSTEES

The Trustees listed on page three have served from 1st March 2023 until the date of this report, unless otherwise stated.

STAFF

Lorna Brewster – Chief Officer

Rabina Begum – Finance Officer p/t

Rhiannon Simpson – Community Connector & Volunteer Coordinator p/t

Anji Page – Moseley Neighbourhood Outreach Worker p/t

Richard Ardern -Building Maintenance p/t Leleith Robinson –Moseley Exchange: cleaning p/t.

Olga Ordovas-Bernal - Moseley Exchange Assistant f/t

Emily Jewett - Moseley Exchange Assistant p/t Lindsay Strachan – Exchange Assistant p/t

Remy St John-Reid – Exchange Assistant p/t

Page 10 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

STAFF (continued)

Leanne Williams – Moseley Exchange Assistant p/t (from May 2023) Paul Collins – Moseley Exchange Assistant p/t (from July 2023) Stella Hroissman – Moseley for Ukraine Project Officer f/t Olga Popova – Moseley for Ukraine Project Officer p/t Olha Barsukhova – Moseley for Ukraine f/t (from March 2023)

VOLUNTEERS

David Sandison – Moseley Regeneration Group Jean Gilkison – Moseley Regeneration Group Chair Izzy Knowles - Moseley Alternative Giving Campaign and Moseley Iftar Sharon Bartlett - Moseley Alternative Giving Campaign Charles Ruff – Moseley Alternative Giving Campaign and Community Fridge Claire Mulgrew – Moseley Alternative Giving Campaign Roland Baskerville – Repair Cafe Richard Poole – Repair Cafe Sandy Mcabe – Repair Cafe Carly Kelleher – Repair Cafe Sandy MacRae – Repair Cafe Jane Thakorodin – Repair Cafe Tirath – Repair Cafe Imogen Mornement – Repair Cafe Fabio – Repair Cafe Bridget Macrae – Repair Cafe Fran Bowen – Clothes Swap Sukaina Khoja – Clothes Swap Kate Flower – Clothes Swap Sahra Derkits – Clothes Swap Clemmie Winnicot – Clothes Swap and Community Festival Annabel Winnicot – Clothes Swap and Community Festival Marcella Meehan – Community Fridge Rachel Parkin – Community Fridge Tom Renwick – Community Fridge Helen Winnicot – Community Fridge Jonathan Bartin – Community Fridge Eleanor Ardern – Community Fridge Diane Sutton – Community Fridge Alexander Rebolo – Community Fridge Steph Buckle – Community Fridge Roisin Jordan – Community Fridge Ann-Marie March – Community Fridge Jayne Bacon – Community Fridge Rory Murray – Community Fridge Alexia Pepper de Caires – Community Fridge

Page 11 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 30TH SEPTEMBER 2023 (CONTINUED)

VOLUNTEERS (continued)

Kerry Jenkins – Moseley Iftar Haseena Lockhat – Moseley Iftar Hamira Sultan – Moseley Iftar Akeela Mirza – Moseley Iftar Nazim Bi – Moseley Iftar Andrew Cooper – Moseley Iftar S Dar – Moseley Iftar Carl Fraser – Moseley Iftar Shakil Ahmed – Moseley Iftar and Community Festival Nutza Ahmed – Moseley Iftar Alyson McCuskar - Terracycle Recycling Volunteer Niall Macauley - Terracycle Recycling Volunteer Jen Barrow - Terracycle Recycling Sophie Abatis - Terracycle Recycling Sarah Dankin – Community Festival Pam Rutter – Community Festival Barbara Teffer – Community Festival Corrine Payne – Community Festival Pupils from Moseley Secondary School – Moseley Iftar & Community Festival

The Trustees and staff thank the volunteers for their work and contribution in the delivery of MCDT’s objectives and understand that without them it would not be able to deliver all of its activities.

This report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Trustees on: 25/07/2024 and signed on their behalf

Nicholas Booth Chairperson

Page 12 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

I report to the trustees on my examination of the financial statements of Moseley Community Development Trust Limited ('the charity') for the period ended 30 September 2023.

Responsibilities and basis of report

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention shold be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jonathon Dale BA(Hons) FCA Independent Auditors LLP Emstrey House (North), Shrewsbury Business Park Shrewsbury, Shropshire, SY2 6LG

DATE: 25/07/2024

Page 13 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 30 SEPTEMBER 2023 INCORPORATING AN INCOME & EXPENDITURE ACCOUNT

Unrestricted
Restricted
funds
funds
Totals
Note
£
£
£
INCOME FROM
Donations and legacies
Fundraising and donations
5,906
2,562
8,467
Other activities
Office rental
39,119
-
39,119
Room hire income
28,443
-
28,443
Professional services
627
2,205
2,832
Investments
Bank interest
-
-
-
Charitable activities
Grants receivable
-
811,333
811,333
Miscellaneous income
4,692
-
4,692
Exchange membership
25,529
-
25,529
TOTAL INCOME
104,315
816,100
920,414
EXPENDITURE ON
Raising funds
Office rental
3a
53,505
7,994
61,498
Room hire
3b
19,259
3,100
22,360
Professional services
3c
1,716
26
1,742
Charitable activities
Charitable activities
3d
40,047
55,047
95,094
Governance costs
3e
14,004
187
14,191
TOTAL EXPENDITURE
128,531
66,354
194,885
Net income/(expenditure) and
net movement in funds for the period
(24,217)
749,746
725,529
TRANSFER BETWEEN FUNDS
20,174
(20,174)
-
RECONCILIATION OF FUNDS
Total funds brought forward
as at 1 March 2023
147,435
778,153
925,588
Total funds carried forward
as at 30 September 2023
143,392
1,507,725
1,651,117
30/09/2023 (7 months)		 Unrestricted Restricted
funds
funds
Totals
£
£
£
640
16,297
16,937
66,512
-
66,512
57,211
950
58,161
23,961
-
23,961
942
-
942
7,400
66,448
73,848
2,673
1,106
3,779
44,146
-
44,146
203,485
84,801
288,286
91,862
9,824
101,686
33,399
3,800
37,199
2,602
43
2,645
66,649
60,539
127,189
20,456
306
20,762
214,968
74,512
289,480
(11,483)
10,289
(1,194)
3,175
(3,175)
-
155,744
771,038
926,782
147,435
778,153
925,588
28/02/23 (12 months)

There were no recognised gains or losses during the period other than those shown above. All of the above results are derived from continuing activities.

Page 14 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 30 SEPTEMBER 2023

Company number: 4163271

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Trade debtors
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due with one year
8
NET CURRENT ASSETS
NET ASSETS
FUNDS
Restricted funds
9
Unrestricted funds
10		 30/09/2023
£
1,534,830
16,343
9,948
113,442
139,734
(23,446)
116,288
1,651,117
1,507,725
143,392
1,651,117		 28/02/2023
£
817,759
13,735
13,001
112,871
139,607
(31,778)
107,829
925,588
778,153
147,435
925,588

For the period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the 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.

Approved and authorised for issue by the Trustees and signed on their behalf:

Neil Ramage, Treasurer DATE: 25/07/2024

Page 15 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 SEPTEMBER 2023

----- Start of picture text -----
7 months to 12 months to
Notes 30/09/2023 28/02/2023
£ £
Cash flows from operating activities:
Net cash provided by/ (used in) operating activities 15 735,867 28,277
Cash flows from Investing activities:
Dividends, interest and rents from investments - 942
- -
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment (735,295) -
Proceeds from sale of investments - -
Purchase of investments - -
Net cash provided by/ (used in) investing activities (735,295) 942
Cash flows from financing activities:
Repayments of borrowing - -
Cash inflows from new borrowing - -
Receipt of endowment - -
Net cash provided by (used in) investing activities - -
Change in cash and cash equivalents in the reporting period 572 29,219
Cash and cash equivalents at the beginning of the
reporting period
15 112,871 83,651
Cash and cash equivalents at the end of the reporting
period 15 113,442 112,871
----- End of picture text -----

Page 16 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2015) – (Charities SORP (FRS102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Moseley Community Development Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The principal policies adopted in the preparation of the financial statements are as follows:

Preparation of the accounts on a going concern basis

The reserves are above the target figure and the trustees are of the view that the charity is a going concern.

Income

Income from rental income, donations and grants, including capital grants, is included in incoming resources when these are receivable.

Tangible fixed assets

All assets costing more than £1,500 are capitalised.

Fixed assets are shown at cost. Depreciation is provided at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life as follows:

Buildings & Improvements (long term) 2% per annum Buildings & Improvements (short term) 20% per annum Office & Computer Equipment 30% per annum Land is not depreciated.

Page 17 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis.

The ‘Analysis of total resources expended’ shows costs broken down by activity areas, firstly on a direct basis, with the remainder allocated according to the basis listed (floor space or staff time).

Fund accounting

Unrestricted funds: The charity's general reserve consists of funds which the charity will use to fulfil the general charitable objectives of the Trust (at the discretion of the trustees).

Restricted funds: These are funds that can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor.

Designated funds: These are unrestricted funds that have been set aside by the Trustees for specific purposes.

Pension Costs

Contributions payable to the Charity’s money purchase pension schemes are charged to the Statement of Financial Activities in the period to which they relate.

2. INCOMING RESOURCES

The income and surplus for the period are attributable to the company’s charitable activities, all of which were in the UK.

30/09/2023 28/02/2023
£ £
Total resources expended include the following:-
Amounts due to the Independent Examiner 1,750 1,872
Depreciation 18,224 23,595

Page 18 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

3. ANALYSIS OF TOTAL RESOURCES EXPENDED

Basis of Allocation
Costs directly allocated to activities
Building running costs
Direct
Events and direct beneficiary cosDirect
Governance and finance costs
Direct
Office costs
Direct
Repairs and maintenance
Direct
Staff salaries
Direct
Depreciation
Direct
Support costs allocated to activities
Building running costs
Floor Area
Events and direct beneficiary cosStaff time
Governance and finance costs
Staff time
Office costs
Staff time
Repairs and maintenance
Floor Area
Staff salaries
Staff time
Depreciation
Floor Area		 Office Rental
Room Hire
Professional
Services
Voluntary &
Community
Moseley
Exchange
Governance
30/09/2023 Total
28/02/2023 Total
£
£
£
£
£
£
£
£
-
-
-
313
-
-
313
18
-
-
-
4,849
-
-
4,849
2,383
-
-
-
-
-
1,750
1,750
1,872
-
-
-
8,812
-
-
8,812
11,110
-
-
-
-
-
-
-
13,638
-
-
-
36,487
-
-
36,487
27,668
-
-
-
-
-
-
-
-
5,071
2,819
-
3,993
2,139
-
14,022
35,008
7
4
-
6
3
-
20
-
157
87
-
123
66
-
433
606
2,820
1,904
83
3,316
2,255
594
10,972
19,292
2,147
1,194
-
1,691
905
-
5,936
16,016
11,168
12,797
1,629
30,247
25,593
11,633
93,066
138,273
6,177
3,555
30
5,259
2,989
214
18,224
23,595
27,547
22,360
1,742
95,094
33,951
14,191
194,885
289,480
a
b
c
d
a
e

Page 19 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

4. TRUSTEES’ EMOLUMENTS

None of the trustees received any emoluments or expenses during the period.

5.
STAFF COSTS
Wages and salaries
Social security costs
Pension costs
Other staff expenses
Freelance staff costs		 30/09/2023
£
112,501
1,814
3,055
321
11,863
129,553		 28/02/2023
£
138,697
3,230
3,666
239
20,109
165,941

No employee received emoluments of more than £50,000.

No redundancy payments were made in the period.

The total employee benefits of the key management personnel of the Trust were £36,355 (7 months to 30/09/2023) and £44,069 (12 months to 2 8 /02/2023).

The actual number of persons employed by the company during the period was:

Charitable Activities
Co - ordination		 30/09/2023
13
1
14		 28/02/2023
13
1
14

6. TAXATION

No taxation was payable for the period as the company is a registered charity.

Page 20 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

7. TANGIBLE FIXED ASSETS

Cost:
At 1 March 2023
Additions
At 30 September 2023
Depreciation:
At 1 March 2023
Transfer between categories
Charge for the period
At 30 September 2023
Net Book Values:
At 30 September 2023
At 28 February 2023		 Land
Buildings &
Improvements
Office &
Computer
Equipment
£
£
£
202,768
973,360
45,894
200,000
535,295
-
402,768 1,508,655
45,894
-
360,648
43,614
-
-
-
-
16,512
1,712
-
377,160
45,326
402,768 1,131,495
568
202,768
612,712
2,280		 Total
£
1,222,021
735,295
1,957,316
404,262
-
18,224
422,486
1,534,830
817,759

8. CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Tax and social security costs
Other creditors
Accruals
Deferred income (arising during the year)		 30/09/2023
£
4,494
3,016
-
8,465
7,470
23,446		 28/02/2023
£
14,714
1,915
1,088
6,655
7,406
31,778

Page 21 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

9. RESTRICTED FUNDS

9. RESTRICTED FUNDS
Mary Kinross Charitable Trust (MKCT): general activities
Property purchase
Property refurbishment:
- MKCT, ground floor improvements and Lift
- MCKT , Hive Purchase
- GOWM, ERDF - ground floor improvements
- Tudor Trust, ground floor and Lift
- Lift installation
- Capacity Builders 08/09, first floor improvements
- Capacity Builders 09/10, first floor improvements
Moseley Festival
Litterbusters
Plastic Free Moseley and Kings Heath
S106 - Promotional and Marketing Campaign
S106 - Public Realm Improvement (Farmers' Market)
MAGC
BCC Pioneer Places
Pioneer Places Hive
NLCF
Power to Change
WMCA
Christmas Lights Fund
Light Trail
Food SOS
HubBub
Moseley For Ukraine: Engage for Ukraine
Moseley For Ukraine: Heart of England CF
Moseley For Ukraine: Donations
Moseley For Ukraine Fairer Furtures
Moseley For Ukraine BCC
Moseley For Ukraine MAP
Awards for All
BCC Food Revolution
GBSLEP		 Transfer to
Balance
unrestricted Incoming
Expended
Balance
28/02/2023
funds
resources
resources
30/09/2023
£
£
£
£
£
5,000
8,750
15,000
-
11,250
411,313
-
-
6,168
405,145
-
-
-
124,766
-
-
2,021
122,745
-
-
730,000
4,417
725,583
66,394
-
-
767
-
67,161
72,000
-
-
1,167
70,833
4,320
-
-
70
4,250
18,299
-
-
297
18,002
21,555
-
-
417
21,138
685
-
1,980
2,047
617
1,871
-
33
-
1,904
1,396
-
-
1,396
0
-
815
-
-
-
815
3,102
-
-
-
3,102
9,704
3,000
472
1,364
5,811
1,000
-
-
708
292
-
3,000
3,000
-
-
15,475
-
-
2,103
13,372
6,475
-
-
332
6,142
139
-
-
-
139
1,017
-
-
-
1,017
561
-
-
-
561
767
-
-
325
442
3,000
-
-
965
2,035
7,259
2,650
14,000
18,509
100
-
250
6,865
6,557
58
1,242
-
78
-
1,320
-
570
8,898
543
7,785
-
1,954
22,500
13,700
6,846
-
-
2,205
2,205
-
-
-
9,600
1,526
8,074
-
-
1,470
285
1,185
-
-
-
-
-
778,153
20,174
816,100
66,354
1,507,725

Page 22 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

10. UNRESTRICTED FUNDS

10. UNRESTRICTED FUNDS
At 1 March 2023
Transfer between funds
Net incoming resources
At 30 September 2023		 General fund
£
147,435
20,174
(24,217)
143,392

11. RELATED PARTY TRANSACTIONS

Fiona Adams, a Trustee of Moseley Community Development Trust (until 22nd November 2023), also sits on the board of a donor organisation.

12. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted funds
Unrestricted funds		 Other
Fixed
Bank &
current
Current
assets
cash
assets
liabilities
£
£
£
£
1,448,228
56,224
6,205
(2,933)
86,601
57,218
20,086
(20,513)
1,534,830
113,442
26,291
(23,446)		 Total net
assets
£
1,507,725
143,392
1,651,117

13. PENSION COMMITMENTS

The charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pensions cost charge represents contributions payable by the charity to the funds and amounted to £3,055 (2023 - £3,666). There are £0 of contributions outstanding at the year end (2023: £613).

Page 23 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

14. DETAILED INCOME AND EXPENDITURE ACCOUNT
INCOME
Grants
Rental Income
Room Hire
Co-working Membership
Professional Services
Donations
Miscellaneous Income & Bank Interest
EXPENDITURE
Building Security
Business Rates
Cleaning Supplies
Electricity
Gas
Refuse Collection
Water Rates
Direct Beneficiary Costs
Leaflets, Print & Publications
Accountancy Fees
Bank charges & Interest
Office Costs
Advertising & Promotional
Computer Running Costs
Equipment
Event Costs
Insurance
Internet Charges
Mobile
Photocopying Costs
Professional & Consultancy Fees
Recruitment & Training
Refreshments (Exchange)
Staff & Board Training
Stationery
Subscriptions
Sundry Expenses
Telephone
Travel & Accommodation Expenses
Websites & Publicity
Building Repairs & Maintenance
Employer's NIC
Employer's Pension
Freelance Staff
Gross Salaries
Healthcare
Volunteer Costs
Bad Debts
Land & Building Improvement Depreciation
Office Equipment Depreciation
Net surplus/ (deficit) for the period		 30/09/2023
£
811,333
39,119
28,443
25,529
2,832
8,467
4,692
920,414
71
300
1,446
10,324
1,360
85
750
4,869
-
1,750
433
-
585
219
1,028
5,712
2,006
1,884
368
477
2,079
-
439
1,486
266
504
833
217
755
926
5,936
1,814
3,055
11,863
112,501
266
55
-
16,512
1,712
194,885
725,529		 28/02/2023
£
73,848
66,512
58,161
44,146
23,961
16,937
4,721
288,286
1,283
3,095
2,325
20,291
5,108
1,207
1,717
1,150
1,233
1,872
606
2,206
360
1,189
256
8,982
2,858
3,417
706
605
1,900
35
970
1,298
748
870
1,838
317
232
1,616
29,655
3,230
3,666
20,109
138,697
169
70
-
20,659
2,936
289,480
(1,194)

Page 24 of 25

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 SEPTEMBER 2023 (continued)

16. Notes to the statement of cash flows

30/09/2023
£
Reconciliation of net movement in funds to net cash flow from operating activities:
Net movement in funds for the reporting period (as per the statement
725,529
of financial activities)
Adjustments for:
Depreciation charges
18,224
Dividends, interest and rents from investments
-
Loss/(profit) on the sale of fixed assets
-
(Increase)/decrease in debtors
445
(Increase)/decrease in creditors
(8,331)
Net cash provided by (used in) operating activities
735,867
Analysis of cash and cash equivalents:
30/09/2023
£
Cash in hand
113,442
Notice deposits (less than 30 days)
-
Overdraft facility payable on demand
-
Total cash and cash equivalents
113,442		 28/02/2023
£
(1,194)
23,596
(942)
-
1,295
5,522
28,277
28/02/2023
£
112,871
-
-
112,871

Page 25 of 25