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← Moseley Community Development Trust

2024-12-31-accounts

MOSELEY COMMUNITY DEVELOPMENT TRUST A company limited by guarantee, registered in England Company number 4163271 Registered charity number 1087949

FINANCIAL STATEMENTS FOR THE 15 MONTH PERIOD ENDED 31 DECEMBER 2024

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

CONTENTS

PAGE
Company Information 3
Trustees’ Annual Report 4-11
Independent Examiner’s Report 12
Statement Of Financial Activities 13
Balance Sheet 14
Cashflow 15
Notes To The Financial Statements 16-22
Detailed Income And Expenditure Summary 23
Notes To The Statement Of Cash Flows 24

Page 2 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

COMPANY INFORMATION

TRUSTEES Louise Atkin Chairperson Neil Ramage Treasurer Paul Williams Austin Barber Gervase Havill Katherine Hewitt (appointed 14th July 2025) Eleni Kyriacou (appointed 14th July 2025) Claire Spencer (resigned 1st December 2024) Nicholas Booth (deceased 15th April 2025) CHIEF OFFICER Lucy Kenny (appointed 19th November 2024) Lorna Brewster (resigned 13th December 2024) SECRETARY Gervase Havill 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 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024

The Trustees present their report and the financial statements for the 15-month period ended 31 December 2024.

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 of 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. 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 31st December 2024, there were 6 formally appointed Board members out of the maximum 13 available positions. With one board members stepping down during the period and only one appointment we have a requirement for additional Board members. 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.

Page 4 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

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 Executive 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.

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 aspects of the Trust’s work. Currently, the sub-groups are Finance and General Purposes and the Moseley Regeneration Group. Recommendations and progress from the subgroups 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 ley Community Development Trust’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.

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.

Moseley Community Development Trust is a founding member of Birmingham Community Action Network, a collaborative initiative between over 20 of the city's leading community organisations to address gaps created by reduced local services. The B:CAN network brings together a diverse range of organisations and partners to ensure all residents have access to vital resources and support systems.

Page 5 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (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 Finance and General Purposes 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 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 31st December 2024 Moseley Community Development Trust pursued the following activities to further its objectives and create public benefit:

Community support

A community anchor organisation

Moseley Community Development Trust continues 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 a place to either gather or distribute local information.

Page 6 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

Moseley Hive continues to grow from strength to strength becoming a well-loved community asset after more than 18 months of trust ownership. 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 are grateful that our longstanding relationship and the support given by the Mary Kinross Trust makes this possible for Moseley Community Development Trust.

We are working closely with the local community and professionals 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 our community fridge, community yoga, LGBTQIA+ meetups, non-binary group meetings, creative writing sessions, ESOL classes, and is home to our dancing Disco Divas collective. Moseley Hive continues to be a vibrant inclusive space for both the local community and those from further afield.

Community safety

Community safety remains an important issue for local people. Moseley Community Development Trust supports the Moseley Alternative Giving Campaign project. The problems arising from homelessness (drinking, drug use and people asking for money for example) in Moseley remain, however our Neighbourhood Outreach Worker achieves positive outcomes for many of the individuals involved. Our worker continues to run a regular weekly drop-in which now operates from The Hive on Wednesdays providing support to access food, housing, benefits and general support for anyone who may need it. The drop-in also provides a space for other organisations – Anawim, Eco Birmingham and West Midlands Police Neighbourhood Team. Thank you to our partners for their support with this drop-in: including Change Kitchen for their regular generous donations of healthy food and Moseley Farmers Market and St Mary’s Church for the ongoing financial support towards the Neighbourhood Outreach Worker post.

Room Hire

The Moseley Exchange room hire activity is an essential service for residents, community groups and local businesses. A variety of different community groups and public sector bodies continue to use the Moseley Exchange as a base to plan or deliver services. Moseley Exchange had 371 room hire bookings, split across sectors and percentage of room hire income:

% of bookings % of Room Hire income
Not for Profit/ Community 58% 38%
Public 24% 44%
Private 18% 18%

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, the Moseley in Bloom / Christmas Lights group and local residents groups.

Page 7 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

Moseley for Ukraine

Over the past 15 months, we have continued our dedicated work with individuals fleeing the war in Ukraine who are now establishing new lives in Moseley and the surrounding areas. Supported by a grant from Birmingham City Council, we have been able to provide targeted, community- based assistance through a range of initiatives, including:

Through these activities, we have assisted more than 200 Ukrainian refugees in navigating life in the UK - supporting improvements in language skills, employability, housing, wellbeing, and social integration. Our work has delivered not only vital practical support but has also strengthened Moseley For Ukraine’s standing as a trusted and respected organisation within the Ukrainian community.

Partnerships

Between 2023 and 2024, Moseley Community Development Trust continued to play a vital role in supporting local people, places and partnerships across south Birmingham. Through its hubs at Moseley Exchange and Moseley Hive, the Trust delivered a wide range of community programmes — from creative workshops and wellbeing activities to heritage projects and skills development. Collaboration was central to this work: highlights included hosting Fun Palaces, a Diwali celebration with the South Asian Arts Collective; the Moseley Iftar with local multi-faith groups and Ceremony of Self with Arts Council DYCP artists. We partnered with Aston University to host art exhibits, worked alongside Celebrating Sanctuary and Moseley Misfits for music gigs, supported Brum YODO through a Death Café and ran fundraisers with Anawim and local festivals.

We also strengthened relationships with local stakeholders by co-producing events with Moseley Park, helping build stronger, more sustainable community connections. We continued our sustainability commitments with repair cafés, swap shops and food waste initiatives, while bringing people together through shared food and community meals.

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. As part of our funded Ukrainian Business support programme, coworking membership and business registration was offered as part of the course to help establish their startups.

Moseley Hive was host to a local chef who was able to test their Caribbean kitchen concept before securing a permanent kitchen residency at local bar and a local Pilates practitioner whose sessions at the Hive were the testbed leading to two permanent local studios in neighbouring Kings Heath.

Page 8 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

Neighbourhood regeneration

Moseley Community Development Trust (MCDT) continues to support the Moseley Regeneration Group. This group is made up of local stakeholders and considers strategic matters to 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 long-term chair has stepped down from her post and MCDT have taken over the responsibility of chairing the group, to ensure continuity and to enable us to shape and support the group moving forwards.

Organisational development

This period has seen huge change for MCDT, our board saw a number of longstanding trustees retire from their posts, we will be forever grateful for the years of valuable contributions and strong and steady leadership. We also saw the departure of our Chief Officer Lorna Brewster after six and a half years, whose tireless work made the purchase of Mosely Hive possible and whilst ensuring the continuing success of our ongoing work and playing a vital role for the community during the Covid-19 pandemic.

A new Chief Executive Officer (CEO), Lucy Kenny was appointed in November to lead the Trust into its next stage of development. This is an exciting time for Moseley CDT, and we are looking forward to work with our new CEO to revisit our vision for the organisation and to agree our priorities for the coming years.

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 15-month period amounted to £275,971 (£100,614 7 months to 30th September 2024). 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 are 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.

Page 9 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

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 on 31st December 2024, excluding fixed assets, is £79,876.

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 and we will keep this under review.

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 efforts to grow our independent income from the Moseley Exchange and the Hive.

The Chief Executive Officer and her team of staff continue to trial ideas and 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 October 2023 until the date of this report, unless otherwise stated.

Page 10 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES PERIOD ENDED 31ST DECEMBER 2024 (CONTINUED)

STAFF

The Trustees wish to thank staff for their work with us in this period, for their creativity, resilience and commitment.

Lorna Brewster – Chief Officer (to November 2024)

Lucy Kenny – Chief Executive Officer (from November 2024)

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 Andrew Grier – Hive: cleaning p/t Leanne Williams – Moseley Exchange Assistant p/t Paul Collins – Moseley Exchange Assistant p/t 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

VOLUNTEERS

We recognise and are thankful for the incredible support of our volunteers and work experience students, whose time, energy and creativity helped make our many projects a reality. These collective efforts not only strengthen neighbourhood networks but also ensure diverse voices, creativity and cultural traditions are celebrated in Moseley.

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

Approved by the Trustees on

and signed on their behalf

….................................................

Louise Atkin Chairperson

Page 11 of 24

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 31st December 2024.

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 should 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:

Page 12 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024 INCORPORATING AN INCOME & EXPENDITURE ACCOUNT

31/12/2024 (15 Months)
Note
Unrestricted
funds
£
Restricted
funds
£
Totals
£
INCOME FROM
Donations and legacies
Fundraising and donations
6,985
10,242
17,228
Other activities
Office rental
96,213
-
96,213
Room hires income
87,913
-
87,913
Professionalservices
23,926
-
23,926
Investments
Bankinterest
1,122
-
1,122
Charitable activities
Grantsreceivable
10,000
216,181
226,181
Miscellaneousincome
14,554
4,316
18,870
Exchangemembership
49,049
-
49,049
TOTAL INCOME
289,762
230,739
520,501
EXPENDITURE ON
Raising funds
Office rental
3a
136,392
18,407
154,799
Roomhires
3b
49,244
7,188
56,433
Professionalservices
3c
4,219
9
4,228
Charitable activities
Charitableactivities
3d
101,151
189,007
290,158
Governancecosts
3e
32,204
67
32,271
TOTAL EXPENDITURE
323,210
214,679
537,890
Net income/(expenditure) and
net movement in funds for the period
(33,448)
16,060
(17,388)
TRANSFER BETWEEN FUNDS
53,233
(53,233)
0
RECONCILIATION OF FUNDS
Total funds brought forward
as at 1 October 2023
143,392
1,507,725 1,651,117
Total funds carried forward
as at 31 December 2024
163,177
1,470,552 1,633,729		 31/12/2024 (15 Months)
Note
Unrestricted
funds
£
Restricted
funds
£
Totals
£
INCOME FROM
Donations and legacies
Fundraising and donations
6,985
10,242
17,228
Other activities
Office rental
96,213
-
96,213
Room hires income
87,913
-
87,913
Professionalservices
23,926
-
23,926
Investments
Bankinterest
1,122
-
1,122
Charitable activities
Grantsreceivable
10,000
216,181
226,181
Miscellaneousincome
14,554
4,316
18,870
Exchangemembership
49,049
-
49,049
TOTAL INCOME
289,762
230,739
520,501
EXPENDITURE ON
Raising funds
Office rental
3a
136,392
18,407
154,799
Roomhires
3b
49,244
7,188
56,433
Professionalservices
3c
4,219
9
4,228
Charitable activities
Charitableactivities
3d
101,151
189,007
290,158
Governancecosts
3e
32,204
67
32,271
TOTAL EXPENDITURE
323,210
214,679
537,890
Net income/(expenditure) and
net movement in funds for the period
(33,448)
16,060
(17,388)
TRANSFER BETWEEN FUNDS
53,233
(53,233)
0
RECONCILIATION OF FUNDS
Total funds brought forward
as at 1 October 2023
143,392
1,507,725 1,651,117
Total funds carried forward
as at 31 December 2024
163,177
1,470,552 1,633,729		 30/09/23 (7 Months)
Unrestricted
funds
£
Restricted
funds
£
Totals
£
5,906
2,562
8,467
39,119
-
39,119
28,443
-
28,443
627
2,205
2,832
-
-
-
-
811,333
811,333
4,692
-
4,692
25,529
-
25,529
289,762
230,739
520,501		 104,315
816,100
920,414
136,392
18,407
154,799
49,244
7,188
56,433
4,219
9
4,228
101,151
189,007
290,158
32,204
67
32,271		 53,505
7,994
61,498
19,259
3,100
22,360
1,716
26
1,742
40,047
55,047
95,094
14,004
187
14,191
323,210
214,679
537,890		 128,531
66,354
194,885
(33,448)
16,060
(17,388)
53,233
(53,233)
0
143,392
1,507,725 1,651,117		 (24,217)
749,746
725,529
20,174 (20,174)
-
147,435
778,153
925,588
163,177
1,470,552 1,633,729		 143,392 1,507,725 1,651,117

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 13 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31 DECEMBER 2024

Company number: 4163271

FIXED ASSETS
Notes
Tangibleassets
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
Restrictedfunds
9
Unrestricted funds
10		 31/12/2024
£
1,495,607
10,986
15,454
139,255
165,696
(27,573)
138,123
1,633,729
1,470,552
163,177
1,633,729		 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

For the period ending 31 December 2024 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:

Page 14 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2024

Notes
Cash flows from operating activities:
Net cash provided by/ (used in) operating activities
15
Cash flows from Investing activities:
Dividends, interest and rents from investments
Proceeds from the sale of property, plant and equipment
Purchase of property, plant and equipment
Proceeds from sale of investments
Purchase of investments
Net cash provided by/ (used in) investing activities
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
Cash and cash equivalents at the beginning of the
reporting period
15
Cash and cash equivalents at the end of the reporting
period
15		 15 months to
31/12/2024
£
25,271
1,122
-
-
580
-
-
542
-
-
-
-
25,813
113,442
139,255		 7 months to
30/09/2023
£
735,867
-
-
(735,295)
-
-
(735,295)
-
-
-
-
572
112,871
113,442

Page 15 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

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 £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) Buildings & Improvements (short term) Office & Computer Equipment Land is not depreciated.

2% per annum 20% per annum 30% per annum

Page 16 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

Resources expended

Resources expended are included in the Statement of Financial Activities on an accrual’s 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.

31/12/2024 30/09/2023
£ £
Total resources expended include the following: -
Amounts due to the Independent Examiner 2,068 1,750
Depreciation 39,774 18,224

Page 17 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

3. ANALYSIS OF TOTAL RESOURCES EXPENDED

Costs directly allocated to activities
Building running costs
Direct
Events and direct beneficiary coDirect
Governance and finance costs
Direct
Officecosts
Direct
Repairs and maintenance
Direct
Staffsalaries
Direct
Depreciation
Direct
Support costs allocated to activities
Building running costs
FloorArea
Events and direct beneficiary coStafftime
Governance and finance costs
Stafftime
Officecosts
Stafftime
Repairs and maintenance
FloorArea
Staffsalaries
Stafftime
Depreciation
FloorArea
Basis of Allocation		 £
£
£
£
£
£
£
£
-
-
-
248
-
-
248
313
-
-
-
5,757
-
-
5,757
4,849
-
-
-
-
-
2,068
2,068
1,750
-
-
-
54,292
-
-
54,292
8,812
-
-
-
18,824
-
-
18,824
-
-
-
-
99,635
-
-
99,635
36,487
-
-
-
-
-
-
-

16,216
9,015
-
12,769
6,839
-
44,838
14,002
347
196
1
284
157
6
992
20
219
122
-
172
92
-
605
433
7,134
4,888
228
8,621
5,932
1,629
28,431
10,972

5,211
2,897
-
4,103
2,198
-
14,408
5,936
27,367
31,351
3,989
74,095
62,693
28,494
227,989
93,066

14,251
7,964
10
11,359
6,144
75
39,803
18,224
OfficeRental
Room Hire
Professional
Services
Voluntary &
Community
Moseley
Exchange
Governance
31/12/2024 Total
(15 Months)
30/09/2023 Total
(7 Months)
70,745
56,433
4,228
290,158
84,054
32,271
537,890
194,885
a
b
c
d
a
e

Page 18 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

4. TRUSTEES’ EMOLUMENTS

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

(15Months) (7 Months)
5.
STAFF COSTS		 31/12/2024 30/09/2023
£ £
Wages and salaries 271,340 112,501
Social security costs 13,754 1,814
Pensioncosts 7,460 3,055
Other staff expenses 1,313 321
Freelance staff costs 33,758 11,863
327,624 129,553

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 £62,356 (15 months to 31/12/2024) and £36,355 (7 months to 30/09/2023).

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

Employees
CharitableActivities
Co - ordination		 31/12/2024
13
1
14		 30/09/2023
13
1
14

6. TAXATION

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

Page 19 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

7. TANGIBLE FIXED ASSETS

Cost:
At 1 October 2023
Additions
At 31 December 2024
Depreciation:
At 1 October 2023
Transfer between categories
Charge for the period
At 31 December 2024
Net Book Values:
At 31 December 2024
At 30 September 2023		 £
£
£
402,768 1,508,655
45,894
-
-
580
402,768 1,508,655
46,474
-
-
-
377,160
-
39,206
45,326
-
597
-
416,367
45,923
402,768 1,092,289
551
402,768 1,131,495
568
Land
Buildings &
Improvements
Office &
Computer
Equipment		 £
1,957,316
580
Total
1,957,896
422,486
-
39,803
462,289
1,495,607
1,534,830

8. CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Tax and social security costs
Other creditors
Accruals
Deferred income (arising during the year)		 31/12/2024
£
3,584
4,544
-
9,485
9,959
27,573		 30/09/2023
£
4,494
3,016
-
8,465
7,470
23,446

Page 20 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continue

9.RESTRICTED FUNDS
Mary Kinross Charitable Trust (MKCT): general activities
Propertypurchase
Propertyrefurbishment:
- 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
MoseleyFestival
Litterbusters
S106 - Promotional and Marketing Campaign
S106 - Public Realm Improvement (Farmers' Market)
MAGCGrants
MAGCMNOW
BCC Pioneer Places
NLCF
Power to Change
WMCA
Christmas Lights Fund
LightTrail
Food SOS
HubBub
Moseley For Ukraine: Engage for Ukraine
Moseley For Ukraine: Heart of England CF
Moseley For Ukraine: Donations
Moseley For Ukraine Fairer Futures
Moseley For Ukraine BCC
Awards for All
BCC Food Revolution
BCC - Winter Food Aid
CommunityYoga
BCC Carlton Memorial
BCC Woodstock Road
Food Provision Top Up
MFUENT
SIB Reach Fund
SPF High Street Fund		 Transfer to
Balance unrestricted Incoming
Expended
Balance
30/09/2023
funds
resources resources 31/12/2024
£
£
£
£
£
11,250
20,000
15,000
-
6,250
405,145
-
-
4,332
400,813
122,745
-
-
2,500
120,245
725,583
-
-
9,246
716,337
67,161
-
-
13,250
53,911
70,833
-
-
635
70,198
4,250
-
-
150
4,100
18,002
-
-
2,305
15,697
21,138
-
-
748
20,390
617
835
2,128
1,718
193
1,904
-
139
1,932
111
815
565
-
250
-
3,102
-
-
-
3,102
5,811
9,818
10,000
-
5,993
-
-
3,982
471
3,512
292
1
-
291
0
13,372
-
-
2,588
10,784
6,142
479
4,000
5,241
4,421
139
139
-
-
-
0
1,017
-
6,320
4,316
3,021
561
-
-
-
561
442
2
-
440
0
2,035
3,265
17,000
5,177
10,593
100 -
533
-
633
0
58
58
-
-
-
1,320
533
-
-
787
7,785
5,636
-
1,980
170
6,846
9,078
90,900
88,434
234
8,074
2,361
-
5,714
-
0
1,185
-
-
1,185
-
0
-
-
84
5,000
5,084
0
-
-
1,273
995
279
-
3
3,500
3,497
-
0
-
-
3,500
-
3,500
-
24
4,000
4,242
-
266
-
1,200
28,800
17,681
9,920
-
-
40
15,086
9,426
5,700
-
-
106
20,110
20,216
-
0
1,507,725
53,233
230,739
214,678
1,470,552

Page 21 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continue

10. UNRESTRICTED FUNDS
10. UNRESTRICTED FUNDS General fund
£
At 1 October 2023 143,392
Transfer between funds 53,233
Net incoming resources (33,448)
At 31 December 2024 163,177

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

Restrictedfunds
Unrestrictedfunds		 Fixed
assets
Bank &
cash
Other
current
assets
Current
liabilities
£
£
£
£
1,412,305
62,530
0
(4,283)
83,301
76,726
26,440
(23,290)
1,495,607
139,255
26,440
(27,573)		 Total net
assets
£
1,470,552
163,177
1,633,729

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 £7,460 (2023 - £3,055). There are £0 of contributions outstanding at the year-end (2023: £0).

Page 22 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

**NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 ** **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 ** (continue
(15Months) (7Months)
14. DETAILED INCOME AND EXPENDITURE ACCOUNT 31/12/2024 30/09/2023
£ £
INCOME
Grants 226,181 811,333
RentalIncome 96,213 39,119
RoomHire 87,913 28,443
Co-working Membership 49,049 25,529
ProfessionalServices 23,926 2,832
Donations 17,228 8,467
Miscellaneous Income & Bank Interest 19,992 4,692
520,501 920,414
EXPENDITURE
BuildingSecurity - 71
BusinessRates 1,590 300
Cleaning Supplies 3,286 1,446
Electricity 24,686 10,324
Gas 11,028 1,360
RefuseCollection 1,505 85
Water Rates 2,991 750
Direct Beneficiary Costs 6,749 4,869
AccountancyFees 2,068 1,750
Bank charges & Interest 605 433
Advertising & Promotional 1,010 585
Computer Running Costs 191 219
Equipment 4,055 1,028
EventCosts 32,151 5,712
Insurance 4,012 2,006
Internet Charges 6,630 1,884
Mobile 1,212 368
PhotocopyingCosts 1,216 477
Professional & Consultancy Fees 21,281 2,079
Recruitment 229 -
Refreshments(Exchange) 2,103 439
Staff & Board Training 858 1,486
Stationery 645 266
Subscriptions 1,455 504
Sundry Expenses 2,874 833
Telephone 493 217
Travel & Accommodation Expenses 328 755
Websites & Publicity 1,979 926
Building Repairs & Maintenance 33,232 5,936
Employer'sNIC 13,754 1,814
Employer'sPension 7,460 3,055
Freelance Staff 33,758 11,863
GrossSalaries 271,340 112,501
Healthcare 1,168 266
VolunteerCosts 146 55
Land & Building Improvement Depreciation 39,206 16,512
Office Equipment Depreciation 597 1,712
537,890 194,885
Net surplus/ (deficit) for the period (17,388) 725,529

Page 23 of 24

MOSELEY COMMUNITY DEVELOPMENT TRUST (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continue

16.Notes to the statement of cash flows
(15Months)
31/12/2024
£
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
of financial activities)
(17,388)
Adjustmentsfor:
Depreciationcharges
39,803
Dividends, interest and rents from investments
Loss/(profit) on the sale of fixed assets
(Increase)/decrease in debtors
-
1,122
-
(148)
(Increase)/decrease in creditors
4,127
Net cash provided by (used in) operating activities
25,271
Analysis of cash and cash equivalents:
31/12/2024
£
Cash in hand
Notice deposits (less than 30 days)
Overdraft facility payable on demand
139,255
-
-
Total cash and cash equivalents
139,255		 (7Months)
30/09/2023
£
725,529
18,224
-
-
445
(8,331)
735,867
30/09/2023
£
113,442
-
-
113,442

Page 24 of 24