Company registration number.. 05316013 Charty registrats.on number." 1111217 THE MOORINGS TRUST TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 16 DECEMBER 2025 Mars(len and Co. Chartered Accountants
The Moorings Trust Contents Pag• Trustees. Report Independent Examinerfs Report statement of Financial Activities lincluding Income and Expenditure Account) Balance Sheet Notes to the Financial Statements 8-13 The followng pages do not form part of the statutory ac¢ounts'. Detsiled Slalemenl of Financial ActNitses linduding Income and Expendrture Account) 14
The Moorings Trust Company No. 05316013 Tw$tsos' Report For Tho Y•ar Endèd 16 9Mb*r 2025 The trustees present their port and the financial statements for the year ended 16 December 2025. Objectives and Activities Aims and Objectivès The principal aims and obiedives of the charity are to to provide Care, $upport and $upetvison to the residents of the charity's hostel and lo encourage a healthy lifestyle. To monitor their medication and lo provide counselling where appropriate. Achlov•m•nts and Porfomianco Maln Achlevemonts Homeless people over the age of eighteen are provided Vth accommodats'on. The residents receive care. 5UPPOrt and supervison while they are resident wthin the charity's hostel. The charity also operates a follow up seryice for those iesthnls who have left. Flnanclal R•vl•w Flnanclal Posbtlon Fund$ to carry out the service are limrted bul ty TeIty moniloring cashflow the charity has worked well wilhing budgets. Re8orvt# Pollcy The view of the trustees is that sufficient fun(Js should be retsined lo ensure that the charity has the funds available to ensure that it can continue to trade for at least the nexi tsvelve months. Structur•, Gov•rngn¢e and Management Governlng Documont The organisation is a charitable company limited by guarantee. incorporated on 17th December 2004 and registered as a charity on 7th September 2005. In the event of the company being wound up, the members are required to contribute an amount not exceeding £ 1. Trustsa Sg18ctlon Methods The directors of the company are also charity trustee5 for the Purposes of charity law. The current trustees are well versed in the aims and objectives of the charty. The trustees receive ongoing training provided by an external training officer. Reforence and Administrative Details Trustees Mr K L Green Mr G McHugh Mr M Ashcroft Page 1
The Moorings Trust Trustees. Report (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 Company Se¢retsry Mrs P Cooper Charity Number 1111217 Company Numbor 05316013 Roglstèrod Offlc• 15 Pump Street Bla¢kburn 882 1PG Indopondont Examlner Ronald Devereux Chartered Accountant Marsden and Co. Chartered Accountants o$waldlSt1e Mills Busine$$ Centre Pickup Street Oswald1st1e 885 OEY Page 2
The Moorings Trust Trustees. Report (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 Small Company Rulas This report has been prepared in accordance the special provisions relating to companies subject lo the small companies regime vAthin Part 15 of the Compan*s Act 2006. The trustees, report was approved by the board of trustees and signed on its behalf by.. Mr G McHugh Trustee 8 May 2026 Page 3
The Moorings Trust Independent Examinerfs Report to the Trustees of The Moorings Trust For Tho Yoar Endod 16 Doc•mb&r 2025 I report lo the Charity Iruslees on my examinab.on of the accounts of the Company for the year ended 18 December 2025. Responsibilities and Basis of Report As the charity trustees of the Company land also rts directors for the purposes of company lawl, you are responsible for the preparation of the accounls in accordance with the requirements of the Companies Act 2006 I'the 2006 Act l. Having satssfied 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 examinabon, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charitie5 Act 2011 I'lhe 2011 Act'l. In carrying out my examination I have followed the Directs'ons given by the Charity Commission under section 145151 Ibl of the 2011 Act. Ind8P8nd8nt Examinerfs Statsm•nt Since the Company's gross income exceeded £250.0 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim) that l am qualified to undertake the examination because l am a member of The Inslilule ol Chartered Aceountants in England and Wales. which is one of the li51ed bodies. I have completed my examination. I confim that no matters have come lo my attention in connection wth the examination giving me cause to believe.. 1. accounting records were not kept in respect of the Company as required by sects'on 386 of the 2006 Act.. or 2. the accounts do not accord wth those records., or 3. the accounts do not comply wlh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair view which is not a matter considered as part of an independent examination", or 4. the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practice for accounting ond reporting by charities applicable lo charitie5 prepanng their accounts in accordance wih the Finanual Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. I have no concems and have come across no other matters in connection the examination lo which attention should be drawn in this report in order to enable a proper understandin9 of the accounts to be reached. Ronald Devereux Chartered k¢ountanl 8 May 2026 Marsden and Co. Chartered Ac¢ounlanls Oswald1st1e Mills Business Centre Pickup Street Oswaldtwislle BB5 OEY Page 4
The Moorings Trust statement of Financial Activities (including Income and Expenditure Accounti For Tho Yoar Endod 16 Doc¢mb&r 2025 2025 2024 Unrestricted Unrestrictad nds funds Notes INCOME AND ENDOWMENTS FROM: Charrtable aclivilies". Raising funds 271,636 262,890 EXPENDITURE ON: Charitable activities.. Raising lunds 1276,5261 1258,5221 NET IEXPENOITUREVINCOME 14,8901 4,368 NET MOVEMENT IN FUNDS 14,8901 4,368 RECONCILIATION OF FUNDS: Total funds brought fOard 90,650 86,282 TOTAL FUNDS CARRIED FORWARD 11 85,760 90,650 The notes on pages 8 to 13 forni part of these ffinanoal stalements. Page 5
The Moorings Trust Balance Sheet A$ At 16 D¢¢emb¢r 2025 2025 2024 Unrgstrictgd Total funds funds Notes FIXED ASSETS Tangible Assets 17,781 25.675 17,781 25,675 CURRENT ASSETS Cash at bank and in hand 74,089 71,095 74,089 71,095 Crodltor¥: Amounts Falling Du8 Within Ong Yoar 10 16.1101 16,1201 NET CURRENT ASSETS ILIABILITIESI 67,979 64,975 TOTAL ASSETS LESS CURRENT LIABIUTIES 85,760 90,650 NET ASSETS 85,760 90,650 FUNDS OF THE CHARITY Unre5tricled Funds 85,760 90,650 TOTAL FUNDS 11 85,760 90,650 Page 6
The Moorings Trust Balance Sheet Icontinuedl A$ At 16 D¢¢emb¢r 2025 For the year ending 16 December 2025 the ¢haritsble company was entitled to exemption from audit under section 477 of the Companies Act 2006 relabng to small companies. The members have not required the company lo obtain an audit in accordance wf(h Section 476 of the Companies Act 2006. The trustees acknO%edge their responsibilrties for comptying wrth the requirements of the Act wth respect lo accounting records and the pparatson of accounts. These accounts have been prepared in aCCordare wth the Provisions applicable lo companies subject to the small companies regime. On behalf of the board Mr G McHugh Trustee 8 May 2026 The notes on pages 8 to 13 fomi part of these ffinanual stalements. Page 7
The Moorings Trust Notes to the Financial Statements For Tho Year Endod 16 Doc•mb&r 2025 1. G¢neral Inforniatlon The Moorings Trust is a company limrted by guarantee, incorporated in England & Wales, registered number 05316013 and regi51eTed charity number 1111217. The registered office is 15 Pump Street, Blackbum, BB2 1PG. 2. Accounting Policies 2.1. Basis of Prèparation of Financial Statsmènts The financial statements have been prepared in accordance the Charities SORP IFRS 1021 "Accounting and Reporting by Charib"es." Slalemenl of Recommended Pradice applicable lo charities preparing their accounts in accordance vJith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191" Financial Reporting Standard 102 "The Financial Reporting Slandar¢J applicable in the UK and Republic of Ireland" and the Companies Act 2006. The charitable company is a Public Benefit Entty as defined by FRS 102. 2.2. Slgnlfi¢antJudg•mènts and ostlmatlon$ A¢¢ounling e$ts'mates and assumptions are made con¢eming the fijlure and, by their nature, will rarely equal the related actual outcome. There are no key a55umplions and other sources tsf e51imalion uncertainly that have a SignifinI risk of causing a malerial adjustment lo the carrying amounts of assets and liabilities within the next financial year. 2.3. Incomlng Re8ourc•s All incoming resources are induded in Ihe ststement of financial activth'es when entrtlement has passed lo the charity. 2.4. R•$our¢e8 Exp•nd•d Expenditure 1$ recognised on an accruals basis as a liability is incurred and is inclusive of unrecoverable VAT. 2.5. Tanglbl• Flxod Assets and D8preclatlon Tangible fixed asgets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at r*es lCUlated lo write off the cost of the fixed assets. less their estimated residual value, over their expected usefvl lives on the following bases.. Fixtures & Fittings Equipment 20% straight line 20% straight line 2.8. Cash and Cash Equl¥al•nts Cash and cash equivalents are basic finaneial assets and include cash in hand and deposrts held al call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acqui51tion and are readily convertible lo a known amount of cash with insignificant risk of change in value, and bank overdrafts. Page 8
The Moorings Trust Notes to the Financial Statements (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 2.7. Flnanclal Instrum•nts A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instnjment. Basic financial instruments are init1311y recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the fvture payments discounted at a market rale of interest for a similar debt instrument. Debt instruments are subsequently measured al amortised cost. Where investments in nOn-conve.b1e preference sha$ and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwse be measured reliably, the investment is subsequently measured al fair value changes in fair value recognised in profit or1055. All other Such investments are subsequently measured al c¢)sl less impaimienl. other financial instruments. In¢dIng derivatives, are initialty recognised at fair value. unless payment for an 3s5el is deferred beyond nomal business lems or financed al a rate of interest that is not a market rate, in which ¢ase the assel is measured at the pre$ent value of the fvture payments di$counted at a market rale of interest for a similar debt instrument. Other financial instruments are subsequenuy measured al fair value, with any changes recognised in profit or loss, wlh the exception of hedging instruments in a designated hedging relationship. Financial assets that are meaSUd al cost or amortised cost a reviewed for objective evidence of impairment at the end of ea¢h reporting date. If there 1$ objeclive evidence of impairment, an impairment loss is recognised in profil or loss immediately. For all equity instruments gardlesS of significance. and other financial assets that are individually significant, these are assessed individually for impaimient. Other financial assets are either assessed Individually tsr grouped on the basis ol similar credit nsk characlerislics. Any reversals of impaim7ent are recognised in profft or loss immediately, to the extent that the reversal doe5 not result In a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimenl not previousty been recognised. 3. Net Incomel{Expfrndituro) The net lexpendilureifincome is slated after chargingllciedrtingi". 202S 2024 Depreciation ol tangible fixed assets- owned 11,880 11,083 Page 9
The Moorings Trust Notes to the Financial Statements (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 4. Analy$l$ of EXndItUte 2025 Support costs 15ee note 51 Raising funds 276,526 2D24 Support ¢o$ts Isee note 51 Raising funds 258,522 5. Support Co#ts 2025 Ralslng funds Employee costs Premises expenses General administration 127,314 66,004 71,328 11,880 Depreciation 276,526 2024 Raising funds Employee costs Premises expenses General administration 118,738 59,291 69,410 11,083 Depreciation 258,522 Page 10
The Moorings Trust Notes to the Financial Statements (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 6. Ind¢pend¢nt Examin•f$ R¢mun•ratlon 2025 2024 Independent examination of the financial ststements 1,200 1,200 7. Staff Costs Stsff costs were as follows.. 2025 2024 Wages and Salaries 127,314 118,738 No employees received employee benefrts (excluding employer pension costs) for the reporting period of more th4n £60.000. 8. Avorage Numbor of Employ••s Average number of employees during the year was.. 1 12024.. 11 9. Tanglble A$$•ts Flxtur•8 & Equlpm•nt Flttings Total Cost As al 17 December 2024 13.533 1.500 47,772 2,486 61,305 3,986 Additions As at 16 December 202S 15.033 50,258 65,291 D•preclatlon As at 17 December 2024 8.332 3.006 27,298 8,874 35,630 11,880 Provided during the period As at 16 December 2025 11,338 36,172 47,510 N•t Book Value As at 18 December 2025 3,695 14,086 17,781 As 8t 17 December 2024 5,201 20.474 25,675 Page 11
The Moorings Trust Notes to the Financial Statements (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 10. Cr•ditors: Amounts Falling Du¢ Wlthln Year 2025 2024 Trade credrtors Accruals and deferred income 1,446 4,664 1,426 4,694 6,110 6,120 11. Movement in Funds Asat17 D&c•mbor 2024 Asat16 Decemr 2025 Income Expenditure Unrestrlcted fund8 General.. General unrestricted fun 90.650 271.636 1276,5261 85,760 Total lund8 90.650 271.636 1276.5261 65,760 Asat17 DOc•mr 2023 Asat16 Docombor 2024 Incom Exwndlture Unrostrlctod funds General.. General unrestricted lun 86,282 262.890 1258,5221 90,650 Total lundg 86.282 262.890 1258.5221 90,650 12. Transactlons wlth TnMts89 None of the trustees received any remuneration oi any other benefits from an employment with the charity or a related entity during the current or previous year. No trustee expense5 have been incurred. 13. Related Party Dl$¢losure$ There have been no related party transactions in the reporting period that require disclosure. Page 12
The Moorings Trust Notes to the Financial Statements (continued) For Tho Yoar Endod 16 Doc•mb&r 2025 14. Company Ilmlt¢d by guarnnts? The company is limited by guarantee and has no share capital. Every member of the company undertakes lo contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. Page 13
The Moorings Trust Detailed Statement of Financial Activities (including Income and Expendire Accounti For Tho Yoar Endod 16 Doc•mb&r 2025 2025 2024 Total fund5 Total funds INCOME AND ENDOWMENTS FROM: Charitable Activiti. Raising funds In¢ome from charitable activities 271,836 262,890 271,636 262,890 271,636 262,890 EXPENDITURE ON: Chadtsbl• A¢¥11108.. Ralslng fund$ Wages and salaries Rent 1127,3141 144.6711 15,5551 115,7781 120.6291 11,8211 1118,7381 144.6711 14,4861 110,1341 120,9761 12,4421 13191 13,3381 11,2001 Rates and water Light and heal Repairs, renewals and maintenance Insurance Postage, slalionery and advertising Telecommunications 13,5551 11.2001 12,2041 12,3631 1531 11591 18731 11751 138.4961 111,8801 Independent examinerfs fees Legal fees Licences and subscriptions Bookkeeping fees Bank charges and interest Sundry expenses Licence$ 11441 11,0451 11701 138,5951 111,0831 Food and cleaning Depre¢ialion 1276,5261 1258,5221 1276,5261 1258,5221 NET IEXPENDITUREIIINCOME 14,8901 4.368 Page 14