Re8lStered Company no. 04253778 Registered Charity no. 1094210 Mossley Old School Trust Trustees, Report and Accounts for the Year ended 31 July 2024
Mossley Old School Trust Trustees, report for the Year ended 31 July 2024 The Trustees present herewlth their report and financial statements for the year ended 31 Julv 2024 Reference and Admlnlstratlve Informatlon Name: Registered Charity no.. Company No: Principal office.. Mossley Old School Trust 1094210 04253778 122 Leek Road Congleton Cheshlre, CW12 3HX Trustees The Tru5tee5/directors who served In the year and up to the date of this report were: David Potts Chairman Jacqueline Potts Christlne Scott Karen Hartles Elizabeth Smallman Paul Smallman Brenda Hughes Louise Carter Company Secretary Peter Hughe5 Volunteer Treasurer Gillian Griffiths Structure. Governance and Management The charity 15 a company Ilmlted by guarantee and Is constltuted under memorandum and articles of association dated 17 July 20013$ amended on 11 Septefnber 2002. In the event of the company beln8 wound up, the Ilablllty of each member Is Ilmited to £1. Appolntments of Members of Councll The Members of the Council, who are the Trustees for the purpose of charity law, are appolnted by the members at the Annual General Meetln8. Every year 113rd of the Councll bein8 the longest serving retire and are eligible for re-election. Rogistered charity no: 1094210 Registered company no: 042S3778
Mossley Old School Trust Trustees, report for the Year ended 31 July 2024 QbJectlve3 "To promote for the benefit of the inhabitants of Mossley , by assoclatlng together the $31d inhabitants and the local authorities, voluntary and other organisatlons in a common effort to advance education and to provide facilities in the interest of social welfare for recreation 2nd other leisure.time occupation with th@ obj@ct of improving the conditiong of Ilfa for tho said inhabitants. To establish or secure the establishment of a community building and to malntaln and manage the same, whether alone or in co-operation with any local authority or other person or body In furtherance of these objects." Artlvltle$ Conslstent wlth the charltable objects, the charlty contlnued to operate the Community Centre for the beneflt of the Inhabltants of Mosslev, The Centre bookings have been plckln8 UP thls year. The Charlty recelved fundlng to renovate the kitchen whlch had become a little tlred and thls was completed In thls flnanclal year. Reserves In the current economic climate, the Council of man38ement consider It prudent to aim to build general reserves to one years, expendlture, ord< David Potts Chairman 5th February 2025
Independent exarnlner's report to the tru$tee$ of M0s5Iey Old School Trust I report on the accounts of the company for the year ended 31 July 2024 , whlch are set out on pa8es 4 to 8. RèspÈrtlve responslbilities ol trustees and examiner The charlty's trustees (who are also dlrectors of the company for the purposes of company lawl are responsible for the preparation of the accounts, The trustees conslder that an audlt Is not required for thls year under section 144(21 of the Charitles Act 2011 (the 2011 Act) and that an independent examination is needed, Havln8 satisfied rnyself that the charity is not subjert to audlt under company law and Is eligible for independent examination, it is my responslblllty to: • examSne the accounts under section 145 of the 2011 Act, to follow the procedures lald down In the general Dire¢tlOll5 given by the Charlty Commlsslon lunder sectlon 14515llbl of the 2011 Art,. ènd to state whether partlcular matters have corne to my attentlon. Basls of Independent examlneP5 Statement My examination was C6Tried out In accordance wlth general Dlreetions glven by the Charlty Commlsslon. An examlnatlon Sncludes a revlew of the accountlng records kept by the charlty and a comparlson of the accounts presented wlth those records. It also includes conslderatlon of any unusual Items or disclosures in the accounts, and seeklng explanatlons from the trustees concernlng any such rnatters. The procedure5 undertaken do not provlde all the evldence that would be requlred In an audlt, and consequently no oplnlon Is glven a5 to whether the accounts present a 'true and fairf vlew and the report Is Ilmited to those rnatters set out In the statement below. Independent ex4mSner's statement In connectlon with my exèminatlon, no matter has come to my attentlon., 111 which 8lves me reasonable cause to belleve that in, any materlal respect, the requIrnents'. to keep a¢¢ountlng records In accordance wlth section 386 of the Companies Act 2006,. and to prepare accounts whlch accord wlth the accountlng records, comply with the accounting requirements of sectlon 396 of the Companles Act 2006 and wlth the methods and prlnclples of the Statement of Recommended Practlce., Accountlng and Reportln8 by Charities have not been met,, or 121 to whlch, In my oplnlon, attentlon should be drawn in order to enable a proper understandlng of the accounts to be reached. Name., LJ LI O V <4-LAi Quallflcatlon; Address: Date: Registorerf eh#Nty no.. iog4210 Re815tered company no-. 04259778
Mossley Old School Trust Statement of Flnanclal Actlvltles (includin8 Income and Expenditure Account) for the year ended 31 July 2024 Unre5trlrted funds 31 July 2024 31 July 2023 Total funds Total funds Restrlcted Incoming resources Note Grants & Donations Rental income Bank interest 4,000 26,929 28,092 157 28,092 157 Total Incomln8 resources 28,248 28,248 30.929 Resources expended Building repairs Insurance Cleaner Booking Secretary/Centre Manager Advertislng Administration Licences UtSlltle5 Professional fees Cleaning materials Miscellaneous Depreciation Interest payable 5,752 2,772 4,083 4,080 17 890 323 6,160 72 5,752 2,772 4.083 4.080 17 890 323 6.160 72 575 212 17,524 2,648 3,137 3,780 33 826 600 5,088 122 518 370 575 212 Total resources expended 24,937 24.937 34.646 Net Incomlng resources and net movement in funds for the year Total funds brought forward Total funds carried forward 3,311 150,764 154,075 3,311 150.764 154,075 (3,717) 154.481 150,764 Resist@rÈd charity no: 1094210 Reglstered company no.. 04253778
Mo¥sley Old School Trurt Bil¥n¢e Sheet as at 31 July Z024 2024 2023 Note Tangible fixed asset5 125,110 125,110 Current assets Debtor5 and prepayments Cash at bank and in hand 2,766 2,558 24,930 27,487 25,785 29,551 Current liabllltlgs 8artk loans Credltors.. amounts falllng due wlthln one year 585 585 1,833 1,833 Net current asset$ 28,966 25,654 Totsl assets les$ Current Ilabllltles 154,076 150,764 Credltors,. amounts falllnq du& after more th•n one year Bank loans N•t Assets 154,076 150,764 Accumulated lunds General unrestrlcted fund 16,966 15,654 Deslgnated funds Contlngency Fund Des18nated fund Equlty In bullding fund 12,000 10,000 125,110 125,110 Accumulated funds chrrled forward 154,076 150,764 For the year endin# 31 July 2024, the company was entitled to exemption from audit under 5ectlon 477 of the Companles Act 2006 relatlng to sma11 companles. Dlrectors, responslbilitles.. the members have not requlred the company to obtaln an audlt cf the accounts for the year in question in accordance wlth sectlon 476 the directors acknowledge thelr responslbllltles lor complylng wlth the requlrements of the A¢t with respect to actountlng records and the preparation of the accounts. These accounts have bèen prepared In accordance wlth the prov151on5 appllcable to comp?nles subject to the small companles, reglme. Sl8ned by two trustees on behalf of all the Councll of M8na8ement and authorSsed for Sssue on.. natUF Prlnt Nomg Registered charity nci.. 109d210 RoElstered carnp8ny no.. 04253778
Mossley Old School Trust Notes to the Accounts forthe year ended 31 July 2024 l Accountln8 pollcles lal Accountlng conventlon The accounts havp been prepared In accordance with the historical cost conventlon and with the Flnanclal Reporting Standard for Smaller Entities (effective April 20081. The accounts have also been prepared on an Accruals ha_sls in accordance with thg. StAtpmp.nt of Recommended Practlce Issued In 2005 ISORP 20051 and the speclal provision5 of the Companies Act 2006 applicable to companies subject to the small companies, regime. Ibl Recognition of incoming resources These are included in the Statement of Flnanclal Attlvltles ISOFAI when the tharlty becomes entitled to the resources, the trustees are vlrtually certaln that the resources will be received and the monetaryvalue can be measured wlth sufflclent rellabllity. {c) Rental income Rental income. which primarily 3ri5es from communlty and charltable organlsatlons.ls included a5 incpme in the period to which the rental relates. {d) Expenditure and liabilitie5 Llabllltles are reco8nlsed as soon as there Is a le8al or constructive obli8ation committing the charity to pay out resources. As a small charity, expenditure 15 presented by its natural Gla55ificatlon. le) Tangible Fixed Assets for use by the charity These are capltallsed If they can be used for more than one year and cost at least £lOOO. Major repairs or replacements of existlng assets are only capitalised to the extent that these are enhancements. Depreclation is charged on a stralght-line basi5 over the estimated useful lives of a55ets a5 follows: Land Bulldlngs over 50 year5 As the residual value of buildings is currently experted to exceed the cost, no depreclatlon has been charged. lfj Fund accounting UnrestrScted funds, Includlng deslgnated funds, are expendable at the trustees, dlscretlon In furtherance of the charity's objects. Restrlrted funds can be spent only In accordance wlth the donors, speciflc wlshes. A full explanatlon of the charlty's deslgnated funds Is given in note 7. Registered charity no: iog4210 Rcglstored company no., 04253778
Mossley Old School Trust Notes to the Accounts for the year ended 31 July 2024 Re50ur¢e5 expended 2024 2023 Expendlture includes.. Independent examlners fees No remuneratlon has been pald to the Trustee5 during the year12022'. £nil) Tanglble Flxed Assets Land and bulldlng5 at cost 2024 125,110 2023 125,110 Tangible fixed assets comprise of f reehold land and buildings known as 122, Leek Road. The property was purchased from The Chester Diocesan Board of Education In 2006 and IS Subject to a covenant requirin8 It to be used for educational purposes. The Dloce5an Board has a first legal charge over the property to secure a 35 year claw-back clause. Under this clause, 50% of any Increase In value of the property arising due to a change In Implementatlon plannlng use Is payable to the Board. 4 D•btors 2024 2023 Trade debtors Prepayments 1,523 1,243 2.766 1,424 1,134 2,558 Credltors: amounts falllng due wlthln one year Trade creditors Accruals 281 304 585 299 1,533 1,833 6 8ank loans Repayments falllng due.. between two and five years after more than five years - wlthln one year The loan 15 year capltal repayment mortgage, secured over the property at 122, Leek Road. The final payment was November 2021 Registered tharity no: 1094210 Rewjtérad compony no.. 042531111
Mo551ey Old School Trust Notes to the Accounts for the year ended 31 July 2024 Accumulated Funds Fund Net Balances Incomln81 brou8ht {Outgoin8) Fund balances rrfed forward resources Transfers forward Deslgnated Funds Contingency fund Designated fund Equlty in building fund 10,000 2,000 12,000 125,110 125,110 At 31 July 2024 135,110 2,000 137,110 General fund Total funds 15,654 150,764 3,311 3,311 12,000 16.965 154,075 Contingencyfund This comprise5 funds de51gnated by the Trustees to cover 6 months loss of income as a result of a 1055 of a major frequent user. Thls would allow the tharity to malntain services whilst buildin8 UP an extended user base. Deslgnated fund This Is the amount of money Igrant51 received for 5peclflc purposes. Equity in building fund Thls shows the amount of funds Invested in the bulldlng and related assets and is derlved from the book value of the bulldin8s and plant less the amounts borrowed. General Fund Th15 Is the amoLsnt avallable for the general day to day purposes of the charity. Registered charity no: 1094210 Re8Jstered company no: 04253778