COMPANY REGISTRATION NUMBER: 05316013
CHARITY REGISTRATION NUMBER: 1111217
THE MOORINGS TRUST
Company Limited by Guarantee Unaudited Financial Statements 16 December 2022
MARSDEN & CO.
Chartered accountants Oswaldtwistle Mills Business Centre Clifton Mill Pickup Street Oswaldtwistle BB5 0EY
THE MOORINGS TRUST
Company Limited by Guarantee
Financial Statements
Year ended 16 December 2022
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 6 |
| Statement of financial activities (including income and | |
| expenditure account) | 7 |
| Statement of financial position | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 17 |
| Notes to the detailed statement of financial activities | 18 |
THE MOORINGS TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 16 December 2022
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 16 December 2022.
Reference and administrative details
Registered charity name THE MOORINGS TRUST Charity registration number 1111217 Company registration number 05316013 Principal office and registered 15 Pump Street office Blackburn BB2 1PG
The trustees
Mr M Ashcroft Ms K Green Mr G McHugh Company secretary Mrs P Cooper Independent examiner Marsden & Co Oswaldtwistle Mills Business Centre Clifton Mill Pickup Street Oswaldtwistle BB5 0EY
- 1 -
THE MOORINGS TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 16 December 2022
Structure, governance and management
Governing document
The organisation is a charitable company limited by guarantee, incorporated on 17th December 2004 and registered as a charity on 7th September 2005. The company was established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £ 1.
Recruitment and appointment of trustees
The directors of the company are also charity trustees for the purposes of charity law.
In accordance with the memorandum and articles of association the trustees are elected to serve for a period of three years when they (the trustees) must either stand for re-election or resign.
The current trustees are well versed in the aims and objectives of the charity and are active on a voluntary basis within the charity's operations. Together with the manager and the company secretary (a registered community pharmacist) they work together to achieve a positive outcome for the charity's clients.
Trustee induction and training
Apart from overseeing the day to day running of the charity, the trustees play an active role in the care and support of the organisation's clients, together with the manager and company secretary. This voluntary role is the subject of ongoing training by a professional training officer, who gives her services without charge to the charity.
Future additional or replacement trustees will receive suitable induction and ongoing training along the same lines with particular attention being paid to:-
i) The obligations of directors and trustees. ii) The historic, current and ongoing financial position of the charity. iii) The memorandum and articles of the charity company and the implications of the governing document.
Risk management
The organisation has prepared, or has had prepared, policy documents relating to all relevant risks associated with the charity's activities both internally and externally and all concerned are fully aware of their individual and collective responsibilities thereof.
A risk register has been created and is updated as necessary every six months, or more often if an obvious need arises.
Additionally, a further register is kept for specific statutory health and safety requirements such as "Testing of gas appliances", "Portable electrical appliances", "Electrical installation testing and the regulatory reform (fire safety) order 2005" etc.
Finance is monitored daily and consequently the charity is not exposed to any significant risks in this area.
- 2 -
THE MOORINGS TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 16 December 2022
Organisational structure
All the aims and objectives of the charity's governing document are fully met. The housing element of the service is organised and administered by the manager together with one part time worker and two volunteers. The care and support element of the service is undertaken by the trustees and the company secretary, as is a minimal "outreach" service for a short period after the client leaves the charity's residential care to live in the community.
Related parties
The charity works closely with various agencies and authorities, including:
The probation service Various other "homeless" agencies The local borough council Drug and alcohol abuse centres (community drug teams)
Total confidentiality is maintained and the charity is registered with the information controller under the Data Protection Act.
The charity also has an ongoing policy regarding CRB checks of staff and volunteers.
Objectives and activities
The principal activities and objects of the charity are:
-
i) Benefit the public by providing accommodation, food and clothing to homeless people over the age of eighteen.
-
ii) Provide care, support and supervision to the residents of the charity's hostel. Provide help in managing finance and in making benefit claims. Provide a healthy living diet to the residents and encourage a healthy living lifestyle generally. Monitor medication by the charity's own voluntary community pharmacist. Provide counselling and advice and teach basic living skills where appropriate. Provide social welfare and recreation.
-
iii) Where appropriate, provide help to obtain and live in self contained accommodation within the community.
Strategic report
The following sections for achievements and performance and financial review form the strategic report of the charity.
- 3 -
THE MOORINGS TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 16 December 2022
Achievements and performance
Homeless people over the age of eighteen are provided with accommodation, food etc within the charity's hostel. A total of nineteen are housed.
Care, support and supervision
Care, support and supervision is provided by the manager, the trustees and the company secretary (a registered community pharmacist). The manager is a paid employee of the charity, but all others involved give their services on a voluntary basis. No expenses of any sort are claimed or paid. The company secretary also provides the equipment necessary to record the care, support and supervision element of the charity's service totally free of charge.
The primary objective of the charity is to provide a home for homeless people, where they are welcomed and looked after (albeit on a variable temporary basis). Where appropraite, health and/or addiction problems are addressed by signposting the resident towards the various appropriate specialist agencies.
Eventually, the residents move on, with an acceptable number moving in to self contained accommodation, sometimes with a job also.
In virtually every case, a resident leaves the charity's hostel in considerably "better shape" mentally and physically than when they arrived.
Outreach service
The charity operates a minimal follow up service to those leaving, and advice and help is always available either in person or by telephone.
Financial review
Funds to carry out the service are limited, but by carefully monitoring cashflow the charity has, in its sixteenth year, worked well within budgets.
Principal funding sources
The local council provide the funding for accommodation by way of housing benefit. The care, support and supervision element of the charity's service is funded by the trustees and the company secretary.
Reserves policy
Discussions have taken place regarding a financial reserves policy, and the view of the trustees is that a deposit account in the charity's name should be opened with our bank, and a regular monthly sum should be paid in to that account inorder to build up a cash reserve. The amount to be transferred each month to the reserve account and the date of commencement will be determined at a future meeting of the trustees.
Plans for future periods
At the moment there are no plans to change or expand the charity's activities, rather to consolidate, but at future trustees meetings plans for the future will be discussed.
- 4 -
THE MOORINGS TRUST
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 16 December 2022
The trustees' annual report and the strategic report were approved on 21 April 2023 and signed on behalf of the board of trustees by:
Mr G McHugh Trustee
- 5 -
THE MOORINGS TRUST
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of THE MOORINGS TRUST
Year ended 16 December 2022
I report to the trustees on my examination of the financial statements of THE MOORINGS TRUST ('the charity') for the year ended 16 December 2022.
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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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.
Marsden & Co Independent Examiner
Oswaldtwistle Mills Business Centre Clifton Mill Pickup Street Oswaldtwistle BB5 0EY
21 April 2023
- 6 -
THE MOORINGS TRUST
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 16 December 2022
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Charitable activities | 5 | 236,731 | 236,731 | 227,447 |
|
|
|
||
| Total income | 236,731 | 236,731 | 227,447 | |
|
|
|
||
| Expenditure | ||||
| Expenditure on charitable activities | 6,7 | 236,486 | 236,486 | 262,077 |
|
|
|
||
| Total expenditure | 236,486 | 236,486 | 262,077 | |
|
|
|
||
|
|
|
||
| Net income/(expenditure) and net movement in funds | 245 | 245 | (34,630) | |
|
|
|
||
| Reconciliation of funds | ||||
| Total funds brought forward | 94,940 | 94,940 | 129,570 | |
|
|
|
||
| Total funds carried forward | 95,185 | 95,185 | 94,940 | |
|
|
|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 10 to 15 form part of these financial statements.
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THE MOORINGS TRUST
Company Limited by Guarantee
Statement of Financial Position
16 December 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | £ | £ | £ | |
| Fixed assets | ||||
| Tangible fixed assets | 12 | 30,174 | 21,516 | |
| Current assets | ||||
| Cash at bank and in hand | 70,769 | 79,199 | ||
| Creditors: amounts falling due within one year | 13 | 5,758 | 5,775 | |
|
|
|||
| Net current assets | 65,011 | 73,424 | ||
|
|
|||
| Total assets less current liabilities | 95,185 | 94,940 | ||
|
|
|||
| Net assets | 95,185 | 94,940 | ||
|
|
|||
| Funds of the charity | ||||
| Unrestricted funds | 95,185 | 94,940 | ||
|
|
|||
| Total charity funds | 14 | 95,185 | 94,940 | |
|
|
For the year ending 16 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements 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 financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 21 April 2023, and are signed on behalf of the board by:
Mr G McHugh Trustee
The notes on pages 10 to 15 form part of these financial statements.
- 8 -
THE MOORINGS TRUST
Company Limited by Guarantee
Statement of Cash Flows
Year ended 16 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income/(expenditure) | 245 | (34,630) |
| Adjustments for: | ||
| Depreciation of tangible fixed assets | 8,887 | 5,378 |
| Loss on disposal of heritage assets | – | 3,335 |
| Accrued expenses/(income) | 481 | (1,098) |
| Changes in: | ||
| Trade and other debtors | – | 7,317 |
| Trade and other creditors | (498) | (1,223) |
|
|
|
| Cash generated from operations | 9,115 | (20,921) |
|
|
|
| Net cash from/(used in) operating activities | 9,115 | (20,921) |
|
|
|
| Cash flows from investing activities | ||
| Purchase of tangible assets | (17,545) | (26,894) |
|
|
|
| Net cash used in investing activities | (17,545) | (26,894) |
|
|
|
| Net decrease in cash and cash equivalents | (8,430) | (47,815) |
| Cash and cash equivalents at beginning of year | 79,199 | 127,014 |
|
|
|
| Cash and cash equivalents at end of year | 70,769 | 79,199 |
|
|
The notes on pages 10 to 15 form part of these financial statements.
- 9 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 16 December 2022
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 15 Pump Street, Blackburn, BB2 1PG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 10 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 16 December 2022
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
All fixed assets are initially recorded at cost.
- 11 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 16 December 2022
3. Accounting policies (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 20% straight line Equipment - 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
- 12 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 16 December 2022
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The Liability of the members is limited by guarantee.
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Other income from charitable activity | 236,731 | 236,731 | 227,447 | 227,447 | |
|
|
|
|
||
| 6. | Expenditure on charitable activities | by fund type | |||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| £ | £ | £ | £ | ||
| Activity type 1 | 236,486 | 236,486 | 262,077 | 262,077 | |
|
|
|
|
||
| 7. | Expenditure on charitable activities | by activity type | |||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly | 2022 | 2021 | |||
| £ | £ | £ | |||
| Activity type 1 | 236,486 | 236,486 | 262,077 | ||
|
|
|
- 13 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 16 December 2022
8. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fixed assets | 8,887 | 5,378 |
| Loss on disposal of heritage assets | – | 3,335 |
|
|
|
| Independent examination fees | ||
| 2022 | 2021 | |
| £ | £ | |
| Fees payable to the independent examiner for: | ||
| Independent examination of the financial statements | 1,200 |
1,200 |
9. Independent examination fees
10. Staff costs
The average head count of employees during the year was 1 (2021: 1). The average number of full-time equivalent employees during the year is analysed as follows:
2022 2021 No. No. Number of staff - management 1 1
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees (2021 - none).
12. Tangible fixed assets
| Fixtures and | |||
|---|---|---|---|
| fittings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 17 December 2021 | 8,378 | 18,516 | 26,894 |
| Additions | 960 | 16,585 | 17,545 |
|
|
|
|
| At 16 December 2022 | 9,338 | 35,101 | 44,439 |
|
|
|
|
| Depreciation | |||
| At 17 December 2021 | 1,675 | 3,703 | 5,378 |
| Charge for the year | 1,867 | 7,020 | 8,887 |
|
|
|
|
| At 16 December 2022 | 3,542 | 10,723 | 14,265 |
|
|
|
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| Carrying amount | |||
| At 16 December 2022 | 5,796 | 24,378 | 30,174 |
|
|
|
|
| At 16 December 2021 | 6,703 | 14,813 | 21,516 |
|
|
|
- 14 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 16 December 2022
13. Creditors: amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Trade creditors | 920 | 1,418 |
| Accruals and deferred income | 4,838 | 4,357 |
|
|
|
| 5,758 | 5,775 | |
|
|
14. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 17 | December | 16 December | ||||
| 2021 | Income | Expenditure | 2022 | |||
| £ | £ | £ | £ | |||
| General funds | 94,940 | 236,731 | (236,486) | 95,185 | ||
|
|
|
|
|||
| At | At | |||||
| 17 | December | 16 | December | |||
| 2020 | Income | Expenditure | 2021 | |||
| £ | £ | £ | £ | |||
| General funds | 129,570 | 227,447 | (262,077) | 94,940 | ||
|
|
|
|
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| Analysis of net assets between funds | ||||||
| Unrestricted | Total Funds | |||||
| Funds | 2022 | |||||
| £ | £ | |||||
| Tangible fixed assets | 30,174 | 30,174 | ||||
| Current assets | 70,769 | 70,769 | ||||
| Creditors less than 1 year | (5,758) | (5,758) | ||||
|
|
|||||
| Net assets | 95,185 | 95,185 | ||||
|
|
|||||
| Unrestricted | Total Funds | |||||
| Funds | 2021 | |||||
| £ | £ | |||||
| Tangible fixed assets | 21,516 | 21,516 | ||||
| Current assets | 79,199 | 79,199 | ||||
| Creditors less than 1 year | (5,775) | (5,775) | ||||
|
|
|||||
| Net assets | 94,940 | 94,940 | ||||
|
|
|||||
| Analysis of changes in net debt | ||||||
| At | At | |||||
| 17 Dec | 2021 | Cash flows | 16 Dec 2022 | |||
| £ | £ | £ | ||||
| Cash at bank and in hand | 79,199 | (8,430) | 70,769 | |||
|
|
|
15. Analysis of net assets between funds
16. Analysis of changes in net debt
- 15 -
THE MOORINGS TRUST
Company Limited by Guarantee
Management Information Year ended 16 December 2022
The following pages do not form part of the financial statements.
- 16 -
THE MOORINGS TRUST
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 16 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Charitable activities | ||
| Other income from charitable activity | 236,731 | 227,447 |
|
|
|
|
|
|
| Total income | 236,731 | 227,447 |
|
|
|
| Expenditure | ||
| Expenditure on charitable activities | ||
| Wages and salaries | 107,667 | 98,275 |
| Rent | 44,671 | 44,671 |
| Rates and water | 6,150 | 5,773 |
| Light and heat | 11,677 | 9,033 |
| Repairs and maintenance | 11,702 | 53,792 |
| Insurance | 1,932 | 1,861 |
| Legal and professional fees | 1,200 | 1,200 |
| Telephone | 3,266 | 3,241 |
| Other office costs | 858 | 606 |
| Amortisation | 1,110 | – |
| Depreciation | 8,887 | 5,378 |
| Loss on disposal of assets | – | 3,335 |
| Bank charges and interest | 165 | 68 |
| Postage, stationery and advertising | 501 | 485 |
| Licences and subscriptions | 1,392 | 1,368 |
| Health and safety | 35,308 | 32,991 |
|
|
|
| 236,486 | 262,077 | |
|
|
|
|
|
|
| Total expenditure | 236,486 | 262,077 |
|
|
|
|
|
|
| Net income/(expenditure) | 245 |
(34,630) |
- 17 -
THE MOORINGS TRUST
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 16 December 2022
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Activity type 1 | ||
| Activities undertaken directly | ||
| Direct charitable activity 1 - wages and employers nic | 107,667 | 98,275 |
| Direct charitable activity 1 - rent | 44,671 | 44,671 |
| Direct charitable activity 1 - rates and water | 6,150 | 5,773 |
| Direct charitable activity 1 - light & heat | 11,677 | 9,033 |
| Direct charitable activity 1 - repairs & maintenance | 11,702 | 53,792 |
| Direct charitable activity 1 - insurance | 1,932 | 1,861 |
| Direct charitable activity 1 - bookkeeping | 1,200 | 1,200 |
| Direct charitable activity 1 - telephone | 3,266 | 3,241 |
| Direct charitable activity 1 - sundry expenses | 858 | 606 |
| Direct charitable activity 1 - licences and subscriptions | 1,110 | – |
| Direct charitable activity 1 - depreciation | 8,887 | 5,378 |
| Direct charitable activity 1 - loss on disposal of assets | – | 3,335 |
| Direct charitable activity 1 - bank charges and interest | 165 | 68 |
| Direct charitable activity 1 - postage, stationery and advertising | 501 | 485 |
| Direct charitable activity 1 - licences and subscriptions | 1,392 | 1,368 |
| Direct charitable activity 1 - food and cleaning | 35,308 | 32,991 |
|
|
|
| 236,486 | 262,077 | |
|
|
|
|
|
|
| Expenditure on charitable activities | 236,486 | 262,077 |
|
|
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