2022-06-30-accounts

Company Registration Number: 04698585 Charity Registration Number: 1115997

MOOREND DEVELOPMENT TRUST LIMITED (A Company Limited By Guarantee)

TRUSTEES ANNUAL REPORT

and

FINANCIAL STATEMENTS Year Ended 30 June 2022

MOOREND DEVELOPMENT TRUST LIMITED

CONTENTS

	Page
Members of the Board and Professional Advisers	2
Trustees’ Annual Report	3 - 9
Independent Examination	10
Statement of Financial Activities (incorporating the income	11
and expenditure account)
Balance Sheet	12
Notes to the financial statements	13 - 18

• 1 -

MOOREND DEVELOPMENT TRUST LIMITED

MEMBERS OF THE BOARD AND PROFESSIONAL ADVISORS

Registered Charity Name	Moorend Development Trust Limited
Charity Number	1115997
Company Number	04698585
Registered Office	Butterworth Hall Community Centre
	New Street
	Milnrow
	Rochdale
	Lancashire
	OL16 3PQ
Directors and Trustees	Mr David William Harding
	Mr John Newton Stanley
	Mr Nicholas John Andrews
	Mrs Irene Elizabeth Davidson
	Mr William George Caygill
	Cllr John Hartley (appointed 04/07/22)
	Mr Peter Thomas Hook (resigned 22/11/22)
	Mr Kenneth Griffin (appointed 28/02/2022)
	Cllr Tom Besford (appointed 04/07/2022)
	Ms Pat Houghton (appointed 22/11/2022)
	Cllr Eddy Coan (appointed 22/11/2022)
	Mr Robert Andrew Mitchell (resigned 26/07/2021)
	Mrs Pauline Ann Mitchell (resigned 07/03/2022)
	Dr Bryan Arthur Tenny (resigned 11/04/2022)
Independent Examiner	Community Accounting Lancashire C.I.C.
	Foxfields
	9 Norley Close
	Chadderton
	Oldham
	OL1 2RA
Bankers	Virgin Money
	9-11 Yorkshire Street
	Rochdale OL16 1JP
	Lloyds TSB
	58 Yorkshire Street
	Rochdale OL16 1JP
	HSBC Bank
	2 Yorkshire Street
	Rochdale OL16 1EE
	Epworth Investment Management Limited
	2ndFloor, 9 Bonhill Street
	London EC2A 4PE

• 2 -

Annual

Report 2022

MoorEnd is a Community Regeneration Company limited by guarantee. Company registration no. 04698585 Registered as a Charity number 1115997

www.moorendtrust.org.uk

• 3 -

INTRODUCTION

Aims/objectives

The aim is to improve social welfare through developing public amenities, increasing educational opportunities, particularly through the arts, and by preserving buildings of historical importance.

Structure, governance and management

MoorEnd Development Trust was set up by local people in March 2003 and is registered as a Company Limited by Guarantee: it is also a registered charity. The Trust is owned by the members, all residents, businesses or community & voluntary groups within the four wards of Pennines Township – Wardle & West Littleborough, Milnrow & Newhey, Smallbridge & Firgrove and Littleborough Lakeside. Membership numbers some 200 people, including businesses, individuals, community groups and other bodies.

As laid down in the Memorandum of Association, the Company's objects are:-

• 1) To provide or assist in the provision of facilities in the interest of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life;

• 2) The maintenance, improvement or provision of public amenities;

• 3) To promote and advance education for the public benefit, in particular but not exclusively in the arts.

• 4) To promote the preservation and protection of the environment;

• 5) To promote the preservation of buildings or sites of historic or architectural importance; And such other charitable purposes beneficial to the community as the trustees deem fit.

The members democratically set the direction for the Trust at the Annual General Meeting.

PROJECT REPORTS

MoorEnd Development Trust

The Trust at its Annual general meeting held on the 25[th] October 2021 raised the possibility of moving to become a Charitable Incorporated Organisation. It was agreed that the Management Committee would explore the option further and bring a further report to the next AGM.

Butterworth Hall Community Centre

Butterworth Hall re-opened its doors on the 12[th] of April 2021. Bookings where slow with only the dance class, Karate club, Milnrow Art, Weight Watchers and Slimming world groups returning.

In May the Tai Chi group returned, and the Hall was opened as polling station for the local council elections. In June the Foster Carers group and Zumba classes returned.

By September Milnrow Amateur Dramatic, Yoga, Brownies and Guides had also returned giving us a full house once again.

As we entered in to 2022 the Hall was working at full strength which included families booking Birthday Parties and a variety of charity events.

• 4 -

Pennines and Tim Bobbin Festival

The Trust celebrated Lancashire Day on Saturday 27[th] November by raising the Lancashire Flag and a reading of the proclamation at Dale Street Gardens, Milnrow in the presence of the Mayor of Rochdale, Councillor Aasim Rashid.

Hare Hill House

The House re-opened to the public following the lifting of restrictions in August 2021. The “Blokes” weekly get together recommenced on the 4[th] August; our first hiring of space to an external organisation took place on the 6th August; Meet Up our luncheon club for the elderly and isolated recommenced on the 17[th] August and the weekly Art for All returned on the 19[th] August. However, it was only in September that some of our former users began to take tentative steps to return.

We held our first public event on 2[nd] October, a McMillan Coffee morning. As the year progressed additional groups began to make bookings. In November 2021 the Littleborough Alcoholics Anonymous relocated to the House for their weekly meetings. It was not until 2022 that bookings began to increase for one off events and workshops and by June 2022 bookings were back to pre-pandemic levels giving the trust confidence to continue progressing the project.

We were fortunate and thankful that most of our tenants continued to occupy space within the house throughout the pandemic despite the restrictions imposed both nationally and regionally. We also welcomed 3 new tenants in July and September 2021, ensuring all available spaces were fully occupied.

The draft lease for the property remains under negotiation and with the increasing fuel prices we continue to monitor our proposed Business Plan for the project.

The Trust applied to the newly opened Communities Opportunity Fund in August 2021 and again in Round 1B in January 2022 for funding to undertake a full re-roofing of the building. Both applications were unsuccessful, and we await the announcement of further application windows. However, the Trust did secure funding offers towards the cost of the works from the Crook Hill Community Windfarm in May 2022 and from Pennines Township Committee in April 2022.

Pennines Business and Tourism Forum

Because of having had no meetings or events as a result of the Covid Pandemic, the Trust took the opportunity to reflect upon the format of the Forum and its activities. It was decided that the trust would consult members and stakeholders on whether and if supported how the Forum should move forward. It was agreed that a consultation exercise be prepared.

• 5 -

PEOPLE

The Management Committee/Board of the Trust have spaces for 17 directors: there are currently 6 vacancies: Irene Davidson Chairperson & Butterworth Hall Project Champion Bryan Tenny Resigned 11[th] April 2022 Nicholas Andrews Treasurer & Hare Hill House Champion George Caygill David Harding Peter Hook Resigned 22[nd] November 2022 Pauline Mitchell Resigned 7[th] March 2022 Rob Mitchell Resigned 26[th] July 2021 John Stanley Kenneth Griffin Appointed 28[th] February 2022 Pat Houghton Appointed 22[nd] November 2022 John Hartley Appointed 4[th] July 2022 Councillor Tom Besford Appointed 4[th] July 2022 Pennines Township Committee nominee Eddie Coan Appointed 22[nd] November 2022

The Trust has 217 members comprising community & voluntary groups, businesses and individuals. Inclusion of local groups and societies means that the Trust has a sound basis in representing the aims and wishes of local people. The Trust employs no staff.

Accountants Community Accounting Lancashire C.I.C. Foxfields, 9 Norley Close Chadderton Oldham OL1 2LA

Bankers Virgin Money 9-11 Yorkshire Street Rochdale OL16 1BL Lloyds Bank 58 Yorkshire Street Rochdale OL16 1JP HSBC 2 Yorkshire Street Rochdale OL16 1EE Epworth Investment Management Limited 2nd Floor, 9 Bonhill Street London EC2A 4PE

• 6 -

FINANCE REPORT

The Accounts have been independently examined and approved by Community Accounting Lancashire C.I.C.

Balance Sheet (abbreviated) as at 30 June 2022

		2022		2021
	£	£	£	£
Fixed Assets
Tangible Fixed Assets		355,282		356,292
Current Assets
Debtors		-		-
Cash at Bank and in Hand		163,512	142,701
CREDITORS: Amounts falling due
Within one year		(1,040)		(990)
NET CURRENT ASSETS		162,472		141,711
NET ASSETS		517,754		498,003
FUNDS OF THE CHARITY
Unrestricted Funds		467,586		452,026
Restricted Funds		50,168		45,977
Total Funds		517,754		498,003

• 7 -

Grants received by the Trust

Grants received by the Trust
Places Called Home (Meet Up)	£5,000
Postcode Lottery (Meet Up)	£15,690
Arnold Clark Community Fund	£1,000
Forever Manchester Connecting Communities	£100
Rochdale MBC Meet Up Grant	£200
	£21,990
Rochdale MBC (Omicron Hospitality & Leisure Grant)	£2,667
TOTAL	£24,657

Donations made by the Trust

No donations were made by the Trust.

Public Benefit

Our activities have delivered public benefit by complying with the company’s objectives as laid down in its Memorandum of Association. Specifically by providing communal facilities, preserving an historic building and maintaining cultural traditions.

The trustees have regard to the guidance issued by the Charity Commission on public benefit, and discuss this at our trustees meetings where we plan and make decisions for the carrying out of our activities to which the guidance is relevant.

Nicholas John Andrews Trustee/Director

27[th] February 2023

• 8 -

MOOREND DEVELOPMENT TRUST LIMITED

TRUSTEES’ ANNUAL REPORT continued

YEAR ENDED 30 JUNE 2022

The trustees and directors for the purposes of company law, present their annual report and the unaudited financial statements of the charity for the year ended 30 June 2022.

The Board have adopted the provision of the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended practice applicable in the UK and Republic of Ireland (effective 1 January 2015, and including update bulletins on 2 February 2016 and 5 October 2018) in preparing the annual report and financial statements of the charity. The accounts have been prepared in accordance with the Companies Act 2006.

The trustees (who are also directors of Moorend Development Trust Ltd for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and with the provision for small companies.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources.

In preparing the financial statements, the directors are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company’s auditors are unaware; and

• the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.

The report of the members of the board were approved by the Board on the 27[th] of February 2023 and signed on their behalf;

Nicholas John Andrews Trustee/Director

• 9 -

MOOREND DEVELOPMENT TRUST LIMITED

REPORT TO THE MEMBERS ON THE UNAUDITED FINANCIAL STATEMENTS OF MOOREND DEVELOPMENT TRUST LIMITED

YEAR ENDED 30 JUNE 2022

I report on the accounts for the year ended 30 June 2022 set out on pages 11 to 18.

Respective Responsibilities of Trustees and Examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act). The trustees consider that an audit is not required for this year under s144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• Examine the accounts under s145 of the 2011 Act

• Follow the procedure laid down in the General Directions given by the Charity Commissioners (under s145(5)(b) of the 2011 Act, and

• To state whether particular matters have come to my attention.

Basis of Independent Examiners Opinion

My examination was carried out in accordance with General Directions given by the Charity commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an opinion as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent Examiners Statement

In connection with my examination, no matter has come to my attention:

1. Which gives me reasonable cause to believe that, in any material respect, the requirements:

2. To keep accounting records in accordance with s386 of the Companies Act 2006; and

3. To prepare accounts which accord with the accounting records and to comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

1[st] March 2023

Miss Jacqueline Bird F.M.A.A.T.

Community Accounting Lancashire C.I.C. Foxfields, 9 Norley Close, Chadderton, Oldham, OL1 2RA

• 10 -

MOOREND DEVELOPMENT TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 30 JUNE 2022

Unrestricted Funds Restricted Funds 2022 2022 Notes £ £ Income from: Donations 2 1,047 250 Charitable activities 3 - 21,990 Other trading activities 4 37,372 - Other Income 5 2,667 - Investments 31 - Total 41,117 22,240 Expenditure on: Raising funds (fundraising expenses) - 801 Charitable activities 6 25,557 17,248 Other expenditure - - Total 25,557 18,049 Net income/(expenditure) 15,560 4,191 Reconciliation of funds: Total funds brought forward 452,026 45,977 Total funds carried forward 12 467,586 50,168	Total Funds 2022 £ 1,297 21,990 37,372 2,667 31 63,357 801 42,805 - 43,606 19,751 498,003 517,754	Total Funds 2021 £ 120 35,112 10,337 17,669 57 63,295 - 43,773 - 43,773 19,522 478,481 498,003

The statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 13 to 18 form part of these financial statements.

Note 13 on page 18 shows comparative information for the year ended 30 June 2021.

• 11 -

MOOREND DEVELOPMENT TRUST LIMITED

BALANCE SHEET

AS AT 30 JUNE 2022

Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash at Bank and in Hand CREDITORS: Amounts falling due within one year 9 NET CURRENT ASSETS NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds Restricted Funds TOTAL FUNDS 12	2022 £ - 163,512 163,512 (1,040)	£ 355,282 162,472 517,754 467,586 50,168 517,754	2021 £ - 142,701 142,701 (990)	£ 356,292 141,711 498,003 452,026 45,977 498,003

For the year ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director’s responsibilities:

• i. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

• ii. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The accounts are prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.

The balance sheet was approved by the Board of Directors on the 27[th] of February 2023 and signed on its behalf by:

Nicholas John Andrews Trustee/Director

• 12 -

MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016 and also Update Bulletin 2 published on 5 October 2018) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Incoming Resources

All income is recognised once the charity has entitlement to the income.

Grants are credited to revenue on a receivable basis, and Rental Income and Donations are accounted for as received by the charity. All income is allocated to appropriate funds based on the income, and the amount of income receivable can be measured reliably.

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria’s is identified to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources received or generated for charitable purposes.

Resources Expended

All expenditure is accounted for on an accruals basis.

All expenses including support costs and governance costs are allocated or apportioned to applicable expenditure headings.

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required, and the amount for the obligation can be measured reliably.

Cash flow statement

The trustees have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small.

Fixed assets

Land and Buildings – measured at fair value. Furniture and Equipment – initially recorded at cost and depreciated at 20% on a reducing balance basis.

• 13 -

MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

2. Income from Donations

2.	Income from Donations
		Unrestricted	Restricted	2022	2021
		Funds	Funds	Total Funds	Total Funds
		£	£	£	£
	MoorEnd Trust	429	-	429	-
	Hare Hill House	618	250	868	120
	General Donations	-	-	-	-
		1,047	250	1,297	120
3.	Income from Charitable Activities

ncome from Charitable Activities
	Unrestricted	Restricted	2022	2021
	Funds	Funds	Total Funds	Total Funds
	£	£	£	£
Grant Income:
Places Called Home (Meet Up)	-	5,000	5,000	-
Postcode Lottery (Meet Up)	-	15,690	15,690	-
Arnold Clark Community Fund	-	1,000	1,000	-
Forever Manchester Connecting Communities	-	100	100	-
Rochdale MBC (Meet Up)	-	200	200	-
Power to Change (CCLORS)	-	-	-	9,930
Power to Change C-19 Trading Income Support	-	-	-	10,459
Groundwork/Comic Relief Community Fund	-	-	-	4,000
Yorkshire Building Society (Meet Up Grant)	-	-	-	1,400
Crook Hill Windfarm Community Fund	-	-	-	5,000
Co-Op Community Fund (Blokes)	-	-	-	2,628
Co-Op Community Fund (Butterworth Hall)	-	-	-	1,695
	-	21,990	21,990	35,112

4. Income from Other Trading Activities

	Unrestricted	Restricted	2022	2021
	Funds	Funds	Total Funds	Total Funds
	£	£	£	£
Rental Income Butterworth Hall	13,840	-	13,840	1,385
Rental Income Hare Hill House	10,897	-	10,897	8,862
Hare Hill House Events	6,950	-	6,950	-
Other Rental Income	5,685	-	5,685	90
	37,372	-	37,372	10,337

• 14 -

MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

5. Other Income

Unrestricted Funds Restricted Funds £ £ Omicron Hospitality & Leisure Grant 2,667 - National Localised Restrictions Support Grant - - Tier 4 Localised Restrictions Support Grant - - Closed Business Lockdown Grant - - National LRSG (Closed) Addendum Grant - - Restart Grant - - 2,667 -	2022 Total Funds £ 2,667 - - - - - 2,667	2021 Total Funds £ - 1,334 2,239 4,000 2,096 8,000 17,669

During the period the charity benefitted from a total of £2,667 (2021: £17,669) of Government Grants, received from Rochdale MBC. In accordance with accounting policy, this credit is included in ‘Other Income’ within the ‘Statement of Financial Activities (incorporating the Income and Expenditure Accounts)’ in the period for which they compensate.

6. Expenditure on Charitable Activities

Unrestricted Support Costs Unrestricted Direct Costs Restricted Direct Costs Unrestricted Governance Costs £ £ £ £ Hare Hill House Meet Up - - 12,469 - Hare Hill House 3,418 402 2,539 - Pennine Business Tourism Group - - - - Blokes - - 2,240 - Butterworth Hall - 16,075 - - Bank Charges - - - 127 Meetings and Sundry Expenditure 660 2,812 - 13 Accountancy Fees - - - 1,040 Depreciation - 1,010 - - 4,078 20,299 17,248 1,180 Total resources expended are stated after charging: 2022 £ Independent Examination fees 1,040	2022 Total Funds £ 12,469 6,359 - 2,240 16,075 127 3,485 1,040 1,010 42,805	2021 Total Funds £ 10,615 19,341 - 24 9,253 99 2,188 990 1,263 43,773 2021 £ 990

No Trustees were paid any remuneration or expenses during the course of the year (2021: £nil).

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MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

7. Tangible Fixed Assets

Cost or Valuation Cost/Value at 30thJune 2021 Additions Cost/Value at 30thJune 2022 Accumulated Depreciation Accumulated Depreciation at 1stJuly 2021 Depreciation charge for the year Accumulated Depreciation at 30thJune 2022 Net Book Value Net Book Value at 30thJune 2022 Net Book Value at 30thJune 2021 ebtors Prepayments and Accrued Income reditors: Amounts falling due within one year Accruals	Land & Building Furniture & Equipment £ £ 351,240 36,505 - - 351,240 36,505 - 31,453 - 1,010 - 32,463 351,240 4,042 351,240 5,052 2022 £ - 2022 £ 1,040	Total £ 387,745 - 387,745 31,453 1,010 32,463 355,282 356,292 2021 £ - 2021 £ 990

8. Debtors

9. Creditors: Amounts falling due within one year

10. Company Status

The charity is limited by guarantee and has no share capital. There are 217 members and the liability of each member in the event of winding up is limited to £1.

11. Related Parties

There were no related party transactions during the year.

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MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

12. Movement of Funds
	Balance	Incoming	Resources	Balance
	as at	Resources	Expended	as at
	1 July 2021			30 June 2022
	£	£	£	£
Unrestricted Funds:
Capital Funds	356,292	-	(1,010)	355,282
General Funds	63,434	33,738	(22,204)	74,968
Designated Funds	32,300	7,379	(2,343)	37,336
	452,026	41,117	(25,557)	467,586
Restricted Funds:
Tim Bobbin Festival	1,396	-	-	1,396
Action Together (Covid-19 Meet Up)	26	-	(26)	-
Yorkshire Building Society (Meet Up)	870	-	(870)	-
Rochdale MBC (Meet Up)	-	200	(200)	-
Places Called Home (Meet Up)	-	5,000	(5,000)	-
Postcode Lottery (Meet Up)	-	15,690	(3,860)	11,830
Arnold Clark Community Fund	-	1,000	(402)	598
Forever Manchester Connecting Communities	-	100	-	100
Forever Manchester (Covid-19 Blokes)	500	-	(500)	-
RMBC Pennines Township Committee (Blokes)	4,232	-	(4,024)	208
Co-Op Community Fund (Blokes)	3,312	-	(529)	2,783
Co-Op Community Fund (Butterworth Hall)	2,288	-	(99)	2,189
Hare Hill House**	32,425	-	(2,539)	29,886
Donations	928	250	-	1,178
	45,977	22,240	(18,049)	50,168
Total Funds	498,003	63,357	(43,606)	517,754

** Includes £2,539 returned to Groundwork from unspent grant funds

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MOOREND DEVELOPMENT TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 30 June 2022

13. Comparative Information (previous year)

Unrestricted Funds Restricted Funds 2021 2021 Notes £ £ Income from: Donations 2 - 120 Charitable activities 3 10,459 24,653 Other trading activities 4 10,337 - Other Income 5 17,669 - Investments 57 - Total 38,522 24,773 Expenditure on: Raising funds (fundraising expenses) - - Charitable activities 6 26,677 17,096 Other expenditure - - Total 26,677 17,096 Net income/(expenditure) 11,845 7,677 Reconciliation of funds: Total funds brought forward 440,181 38,300 Total funds carried forward 12 452,026 45,977

Total Funds 2021 £ 120 35,112 10,337 17,669 57 63,295 - 43,773 - 43,773 19,522 478,481 498,003

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