COMPANY REGISTRATION NUMBER: 05316013 CHARITY REGISTRATION NUMBER.. 1111217 THE MOORINGS TRUST Company Limited by Guarantee Unaudited Financial Statements 16 December 2023 ARSDEN & C Chartered accountants Oswald￿lSt1e Mills Business Centre Clifton Mill Pickup Street Oswald￿1st1e 8B5 OEY THE MOORINGS TRUST Company Limited by Guarantee Financial Statements Year ended 16 December 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Statement of cash flows 10 Notes to the financial statements 11 The following pages do not fonn part of the financial statements Detailed statement of financial activities Notes to the detailed statement of financial activities 18 19 THE MOORINGS TRUST Company Limitsd by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 16 December 2023 The trustees, who are also the directors for the purposes of Company law, present their report and the unaudited f1nancial statements of the charity for the year ended 16 December 2023. Reference and admlnistrativè delail$ THE MOORINGS TRUST Registered charity name Charity reglstrntion numbor Company registration Dumbgr 05316013 Prlncipal office and registered 15 Pump Street office Blackburn BB2 1PG 1111217 The trustees Mr M Ashcroft Ms K Green Mr G McHugh Company secretary Mrs P Cooper Independent examlnef Marsden & Co Oswald￿1st1e Mills Business Centre Clifton Mill Pickup Street Oswaldtwislle BBS OEY THE MOORINGS TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continu￿1 Year ènded 16 December 2023 structure. governanc8 and rnanagement Governing document The organisalion is a charitable company limited by guarantee. incorporated on 17th December 2004 and registered as a ¢harity on 7th September 2005. The cornp8ny wa5 established under a Memorandum of Association which establishes the objects and powers of the charitable company and is governed under 115 Articles of Association. In the event of the Gompany being wound up, the members are requ1red to contribute an amount not exceeding £ 1. Recruitment and appointrmenl of Iruslees 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 Iruslees are elected to serve for a period of three years when they (the trustees} musl either sland for reelection or resign. The current Iruslees 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 la registered communty pharmacist) they work together to achieve a positive outcome for the charity's clients. Trustee induction and training Apart from overseeing the day lo day running of the charity. the Iruslees 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 lo the charity. Future additional or replacement trustees will receive suitable induction and ongoing training along the same lines with particular attention being paid to'_ The obligations of diwtors and trustees. The historic, current and ongoing financial position of the charity iiil The memorandum and articles of the charity company and the implications of the goveming document. Risk management The organisation has prepared. or has had prepared, policy documents relating lo all relevant risks associated with the charity's activities both internally and extemally and all concerned are fvlly aware of their individual and colle¢live responsibilities thereof. A risk register has been created and is upjated as necessary every Six months. or MO￿ 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" elc. Finance is monitored daily and consequently the charty is not exposed to any significant risk5 in thi$ area. THE MOORINGS TRUST Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) {contlnued) Year ènded 16 December 2023 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 fv40 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 olher'horneless" agencies The local borough council Drug and alcohol abuse cenlres (community drug teams) Total confidentiality is maintsined and the charity is registsred with the information controller under the Data Protection Act. The charity also has an ongoing policy regarding CRB checks of stsff and volunteers. Objectives and activities The principal activities and objects of the charty a￿.. Benefit the public by providing accommodation, food and clothing lo homeless people over the age of eighteen. Provioje care, support and supeNision 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 leach basic living skills where appropriate. Provide social welfare and recreation. iiil Where appropriate, provide help to obtain and live in self contained accommodation within the community. strateglc roport The following sections for achievements and performance and financial review form the Strategic report of the charity. THE MOORINGS TRUST Company Limitsd by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (¢onllnu8d) Year ended 16 December 2023 Achlevemonts and porfonnance Homeles5 people over the age of eighteen a￿ provided with accommodatson. food etc within the charity's h05tel. A total of seventeen 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, bul all others involved give their seTvices on a voluntary basis. No expenses of any sort are claimed or paid. The company secretary a150 provides the equipment necessary to record the care. support and supeNision element of the charity's service totally free of charge. The primary objective of the charity 1$ to provide a home for homeless people, where they are welcomed and looked after lalbeil on a variable temporary basis). Where appropraite, health andlor 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 seNice to those leaving, and advice and help is alway5 available either in person or by telephone. Flnancial revigw Funds to carry out the seNice are limited, but by carefully monitonng cashflow Ihe charity has, in its seventeenth year, Worked well within budgets. Principal funding source5 The local council provide the funding for accommodation by way ol housing benefit. The care, support and supervision element of the charity's service is funded by the Iruslees and the company secretsry. Reserves policy Discussions have tsken place regarding a financial reserves policy, and the view of the Iruslees is that a deposit account in the charity's name should be opened with our bank, and a regular monlhty sum should be paid in to that account inorder to build up a cash reserve. The 8mounl to be transferred each month to the reserve account and the dale of commencement will be rjetermined at a future meeting of the trustees. Plans for futufe periods Al the moment there are no plans lo change Of expand the charity's activities, rather lo consolidate. but at future Iruslees meetings plans for the future will be discussed. THE MOORINGS TRUST Company Limited by Guarantee Tru3tees' Annual Report (Incorporating the Director's Report) (conllnyedj Year ended 16 December 2023 The trustees, annual report and the strategic report were approved on 15 May 2024 and signed on behalf of the board of tnjstees by: Mr G McHugh Trustee THE MOORINGS TRUST Company Limited by Guarantee Independent Examiner's Report to the Trustees of THE MOORINGS TRUST Year ended 16 December 2023 I report to the trustees on my examination of the financial statements of THE MOORINGS TRUST I'lhe charity'l for the year ended 16 December 2023. Rgsponsibillties and basls of report As the trustees of the company {and also its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'lhe 2006 Act'l. Having sabsfied 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 I'lhe 2011 Act'l. In arrying out my examination I have followed the Direcbons given by the Charity Commission under section 14515llbl of the 2011 Act Independgnt examlngr'8 Staloment Since the charity's gross income exceeded £250,000 your examiner must be a member of 8 body listed in section 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales IICAEWI, which Is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection th the examination giving me cause to believe.. accounting records were not kepl in respect of the charity as required by section 386 of the 2006 Act., or the financial statements do not accord with those records., or the tinancial statements do not Comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a'lrue and faiv view which is not a matter considered as part of an Independent examination., or the financi31 statements have not been prepared in accordance WTth the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- THE MOORINGS TRUST Company Limited by Guarantee Independent Examinerfs Report to the Trustses of THE MOORINGS TRUST (contlnu8dJ Year ènded 16 December 2023 I have no concerns and have come across no other matters in connection with the examinatton to which attention should be drawn in this report in order to enable a proper understanding of the accoun15 to be reached. Marsden & Co Independent Examiner Oswaldhvistle Mills Business Centre Clifton Mill Pickup Street oswald￿iSt1e 8B5 OEY 15 May 2024 THE MOORINGS TRUST Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 16 December 2023 2023 Unrestn'cted funds Total funds Total funds 2022 Nots Income and endowments Charitable activities 255,236 255,236 255,236 255,236 236.731 236,731 Total income Expendlture Expenditure on charitsble activities Total expondlture 264,139 264,139 264,139 264,139 236,486 236.486 Net (expgnditurelllncome and net movement In funds 18,9031 18,9031 245 Reconciliation of funds Total funds brought forward Total funds carrled forward 95,185 93,185 94,940 95,185 86.282 86,282 The statement of financial activities includes all gains and 105ses recognised in the year. All Income and expenditure derive from continuing activities. The notes on pog•s 11 to 16 fomi part of the#• financial statemènts. THE MOORINGS TRUST Company Limited by Guarantse Statement of Financial Position 16 December 2023 2023 2022 Nots Fixed assets Tangible fixed assets 12 26,866 30,174 Current assets Cash al bank and in hand 65,641 70,769 Creditors: amounts falling due within one year Net current assots 13 6,225 5,758 65,011 59,416 86.282 86,282 Total as$ets less current Ilabllltles 95,185 95,185 Nèt assets Funds of the charity Unreslricled funds 86.282 86,282 95,185 95,185 Total charty funds 14 For the year ending 16 December 2023 the charity wa5 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 oblain an audit of ils 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 Iruslees and aulhorised for issue on 15 May 2024, and are signed on behalf of the board by..