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2024-06-30-accounts

Annual Report 2024

MoorEnd is a Charitable Incorporated Organisation. Registered as a Charity number 1115997

www.moorendtrust.org.uk

Moorend Development Trust

Contents of the Financial Statements for the Year Ended 30 June 2024

Page Report of the Trustees 1 to 4 Independent Examiner's Report 5 Statement of Financial Activities 6 Balance Sheet 7 Notes to the Financial Statements 8 to 13 Detailed Statement of Financial Activities 14

Moorend Development Trust

Report of the Trustees for the Year Ended 30 June 2024

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 was registered as a Company Limited by Guarantee: It was also a registered charity. Following a resolution at the AGM held on 22nd November 2022 the Trust changed to become a Charitable Incorporated Organisation (CIO), registered with the Charity Commission on the 31st January 2024. 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 Trust's Constitution, the Charity's objects are: -

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

PROJECT REPORTS

Butterworth Hall Community Centre

Butterworth Hall Community Centre continues to fulfil the ethos of the MoorEnd Trust and serves the communities of Milnrow and Newhey, the Hall still support a wide range of regular users which still include Zumba Classes, Brownies, Guides and Slimming clubs and Alzheimer's support group, We hold on a monthly bases a Autism and ADHD family support group which is well attended and the voice Assembly a community Choir we have also held An African wedding reception and a Asian brides Party, we still hold lot of children's birthday parties, Twice a year we support our local village unite who get together and have meet ups for the local home alone and widowed residents, we support the best we can local Charities and their fund raising efforts. At the time of writing this report we are still waiting for the result of a bid to repair our flat roof by next report hopefully we will have good news.

Pennines and Tim Bobbin Festival

The Trust celebrated Lancashire Day on Monday 27th 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 Michael Holly.

Hare Hill House

The House continues to thrive providing space and facilities for an increasing number of community and voluntary groups. We currently host weekly meetings of Littleborough Alcoholics Anonymous, Meet Up, Ladies Chill and Chat, Blokes, Sisters in Stitch, Art for All and U3A Spanish Class. In October we re-commenced our weekly Community Warm Space following a successful Crowd Funding initiative and a financial donation from local company PDS Doorsets. During the 6-month period to March 2024 it attracted a total of 173 visits. The U3A organisation continues to hold its Management Committee meetings, and meetings of their Crafting, IT support, Gardening Creative Writing groups monthly; as do Rochdale DS Allstars, Friends of Hare Hill Park, Quantum Conscious and Moorend Development Trust.

Page 1

Moorend Development Trust

Report of the Trustees for the Year Ended 30 June 2024

We have delivered a host of events and activities in partnership with other Littleborough-based organisations including Littleborough Arts Festival, Littleborough Ladies Circle and Ladies Tangent groups. Our quarterly Makers Markets continued with events on the 23rd July 1st October and 26th November 2023 and 24th March and 23rd June 2024. Our annual Macmillan coffee morning took place on 21st October, raising £652 for the charity. During the autumn Create and Connect held a programme of workshops developing poetry based upon the local Rochdale Canal at Summit; a book was printed and the launch of which took place at the House on the 9th February in the presence of Roy McFarlane the Canal Laureate.

Our Children's Xmas Fair held on the 17th December was once again a tremendous success. We hosted 3 paranormal groups organizing 4 ghost hunts during the year.

During the year we have also played host to 3 film crews; the first was local student, Paul Kenny wanting to produce his short film Nitty Gritty as part of his Master's degree submission at Salford University; the second was Becky Kershaw who had written the script for a short film titled Mel's Mascots; and finally Firebird Productions used the House for filming parts of the BBC production "The Jetty". All very different experiences and which we look forward to seeing the outcomes.

One of our tenants departed to take up larger premises in Milnrow, whilst we welcomed 3 new tenants to the House. Our efforts to secure finance to undertake full re-roof of the property remain ongoing. Having worked with Locality with the aim of enhancing our bid, we submitted our application to Round 4 of the Communities Opportunity Fund in April 2024.

Our team of volunteers, the Hare Hill Heroes, continue to meet regularly to undertake repair and refurbishment work at the House. Slowly the House is being improved, and more rooms are being brought to full use. In February 2024 the Trust with funding from Rochdale Council and the support of the Department of Health and Social Care installed an Automated Electronic Defibrillator on the external wall of the House. It is registered with The Circuit, the national defibrillator network.

Pennines Business and Tourism Forum

The Trust, having reviewed the operation of the Forum, approved a consultation process with members, stakeholders, and potential funders. However, due to other priorities the consultation remains on hold and still awaits implementation.

PEOPLE

The new CIO constitution requires a maximum of 9 trustees: there are currently 3 vacancies: Irene Davidson Chairperson & Butterworth Hall Project Champion Nicholas Andrews Treasurer & Hare Hill House Champion David Harding John Stanley Resigned 30 September 2024 Pat Houghton Resigned 1 July 2024 John Hartley Councillor Tom Besford Eddie Coan

The Trust has 232 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 Clarity Accountants. 107 Lees Road Oldham OL4 1JW Bankers Virgin Money 9-11 Yorkshire Street Rochdale OL16 1BL Lloyds Bank 58 Yorkshire Street Rochdale OL16 1JP

Page 3

Moorend Development Trust

Report of the Trustees for the Year Ended 30 June 2024

Bankers (cont…) HSBC 2 Yorkshire Street Rochdale OL16 1EE Epworth Investment Management Limited 2nd Floor, 9 Bonhill Street London EC2A 4PE

FINANCE REPORT

The Accounts have been independently examined and approved by Clarity Accountants.

Balance Sheet (abbreviated) as of 30 June 2024
2024 2023
£ £ £
Fixed Assets
Tangible Fixed Assets 353,827 354,474
Current Assets
Debtors
Cash at Bank and in Hand 210,839 176,705
CREDITORS: Amounts falling due
Within one year (1,296) (1,080)
NET CURRENT ASSETS 218,543 175,625
NET ASSETS 572,370 530,099
FUNDS OF THE CHARITY
Unrestricted Funds 519,147 494,368
Restricted Funds 53,223 35,731
Total Funds 572,370 530,099

Page 3

Moorend Development Trust

Report of the Trustees for the Year Ended 30 June 2024

Grants received by the Trust.
Coop Community Fund £2,410.59
Rochdale MBC -Pennines Township Committee (Hare Hill House AED) £750.00
Rochdale MBC Pennines Township Committee
(Butterworth Hall Community Centre - Re-roofing) £7,230.00
Rochdale MBC Pennines Township Committee
(Butterworth Hall Community Centre - Re-roofing)
£15,900.00
£15,900.00
TOTAL
£26,290.59
£26,290.59

Donations made by the Trust . No donations were made by the Trust.

Public Benefit

Our activities have delivered public benefit by complying with the charity's objectives as laid down in its Constitution. 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. NS. Andso~

………………………………………………

Nicholas Andrews

Trustee

March 2025

Page 4

Independent Examiner's Report to the Trustees of Moorend Development Trust

Independent examiner's report to the trustees of Moorend Development Trust ('the CIO')

I report to the charity trustees on my examination of the accounts of the CIO for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees of the CIO, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

Having satisfied myself that the accounts of the CIO are not required to be audited and are eligible for independent examination, I report in respect of my examination of your CIO'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:

  1. accounting records were not kept in respect of the CIO as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out out in the Charities (Accounts Repors) Regulations 2008 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

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.

In so far as the trustees are aware at the time of approving the Trustee’s Annual Report:

Joanne M Elliott FCA BFP FMAAT

The Institute of Chartered Accountants in England and Wales

Clarity Accountants & Tax Advisors 1st Floor 107 Lees Road

Oldham Lancashire OL4 1JW

Date: March 2025

Page 5

Moorend Development Trust

Statement of Financial Activities

for the Year Ended 30 June 2024

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
5,410
Other trading activities
2
58,942
Investment income
3
2,377
Other income
-
Total
66,729
EXPENDITURE ON
Charitable activities
Unrestricted Support Costs
-
Unrestricted Direct Costs
-
Restricted Direct Costs
-
Unrestricted Governance Costs
1,943
General
40,007
Total
41,950
NET INCOME
24,779
RECONCILIATION OF FUNDS
Total funds brought forward
494,368
TOTAL FUNDS CARRIED FORWARD
519,147
Restricted
funds
£
23,130
-
-
-
23,130
-
-
5,638
-
-
5,638
17,492
35,731
53,223
2024
Total
funds
£
28,540
58,942
2,377
-
89,859
-
-
5,638
1,943
40,007
47,588
42,271
530,099
572,370
2023
Total
funds
£
15,055
44,218
1,234
3,229
63,736
6,507
27,364
15,448
2,072
-
51,391
12,345
517,754
530,099

The notes form part of these financial statements

Page 6

Moorend Development Trust

Balance Sheet

30 June 2024

2024 2023
Unrestricted Restricted Total Total
funds funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 7 353,827 - 353,827 354,474
CURRENT ASSETS
Cash at bank 166,616 53,223 219,839 176,705
CREDITORS
Amounts falling due within one year 8 (1,296) - (1,296) (1,080)
NET CURRENT ASSETS 165,320 53,223 218,543 175,625
TOTAL ASSETS LESS CURRENT LIABILITIES 519,147 53,223 572,370 530,099
NET ASSETS 519,147 53,223 572,370 530,099
FUNDS 9
Unrestricted funds 519,147 494,368
Restricted funds 53,223 35,731
TOTAL FUNDS 572,370 530,099

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue in March 2025 and were signed on its behalf by:

NS. Andso~

Nicholas Andrews Trustee

The notes form part of these financial statements

Page 7

Moorend Development Trust

Notes to the Financial Statements for the Year Ended 30 June 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)'. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES

Rental income Butterworth Hall
Rental income Hare Hill House
Hare Hill House events
Other rental income
Fundraising income
2024
£
19,862
5,897
32,215
-
968
58,942
2023
£
16,953
12,422
9,053
5,790
-
44,218

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continued...

Moorend Development Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

3. INVESTMENT INCOME

INVESTMENT INCOME
2024 2023
£ £
Investments 2,377 1,234

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£ £
Depreciation - owned assets 647 808

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
14,044
Other trading activities
44,218
Investment income
1,234
Other income
3,229
Total
62,725
EXPENDITURE ON
Charitable activities
Unrestricted Support Costs
6,507
Unrestricted Direct Costs
27,364
Restricted Direct Costs
-
Unrestricted Governance Costs
2,072
Total
35,943
NET INCOME/(EXPENDITURE)
26,782
RECONCILIATION OF FUNDS
Total funds brought forward
467,586
TOTAL FUNDS CARRIED FORWARD
494,368
Restricted
funds
£
1,011
-
-
-
1,011
-
-
15,448
-
15,448
(14,437)
50,168
35,731
Total
funds
£
15,055
44,218
1,234
3,229
63,736
6,507
27,364
15,448
2,072
51,391
12,345
517,754
530,099

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continued...

Moorend Development Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

7. TANGIBLE FIXED ASSETS

COST
At 1 July 2023 and 30 June 2024
DEPRECIATION
At 1 July 2023
Charge for year
At 30 June 2024
NET BOOK VALUE
At 30 June 2024
At 30 June 2023
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals and deferred income
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Capital funds
Designated funds
Restricted funds
Crowd Funding (Warm Places)
Tim Bobbin Festival
Arnold Clark Community Fund
Co-Op Community Fund (Blokes)
Hare Hill House
Donations
Butterworth Hall Restricted
TOTAL FUNDS
Freehold
property
£
351,240
-
-
-
351,240
351,240
At 1.7.23
£
89,551
354,474
50,343
494,368
1,011
1,396
598
1,662
29,886
1,178
-
35,731
530,099
Fixtures
and
fittings
£
36,505
33,271
647
33,918
2,587
3,234
2024
£
1,296
Net
movement
in funds
£
25,426
(647)
-
24,779
(1,011)
-
-
(1,662)
(1,787)
(1,178)
23,130
17,492
42,271
Totals
£
387,745
33,271
647
33,918
353,827
354,474
2023
£
1,080
At
30.6.24
£
114,977
353,827
50,343
519,147
-
1,396
598
-
28,099
-
23,130
53,223
572,370

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continued...

Moorend Development Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 66,729 (41,303) 25,426
Capital funds - (647) (647)
66,729 (41,950) 24,779
Restricted funds
Crowd Funding (Warm Places) - (1,011) (1,011)
Co-Op Community Fund (Blokes) - (1,662) (1,662)
Hare Hill House - (1,787) (1,787)
Donations - (1,178) (1,178)
Butterworth Hall Restricted 23,130 - 23,130
23,130 (5,638) 17,492
TOTAL FUNDS 89,859 (47,588) 42,271

Comparatives for movement in funds

Unrestricted funds
General fund
Capital funds
Designated funds
Restricted funds
Crowd Funding (Warm Places)
Tim Bobbin Festival
Postcode Lottery (Meet Up)
Arnold Clark Community Fund
Forever Manchester Connecting
Communities
Pennines Township Committee (Blokes)
Co-Op Community Fund (Blokes)
Co-Op Community Fund (Butterworth Hall)
Hare Hill House
Donations
TOTAL FUNDS
At 1.7.22
£
74,968
355,282
37,336
467,586
-
1,396
11,830
598
100
208
2,783
2,189
29,886
1,178
50,168
517,754
Net
movement
in funds
£
15,583
(808)
12,007
26,782
1,011
-
(11,830)
-
(100)
(208)
(1,121)
(2,189)
-
-
(14,437)
12,345
Transfers
between
funds
£
(1,000)
-
1,000
-
-
-
-
-
-
-
-
-
-
-
-
-
At
30.6.23
£
89,551
354,474
50,343
494,368
1,011
1,396
-
598
-
-
1,662
-
29,886
1,178
35,731
530,099

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continued...

Moorend Development Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 49,725 (34,142) 15,583
Capital funds - (808) (808)
Designated funds 13,000 (993) 12,007
62,725 (35,943) 26,782
Restricted funds
Crowd Funding (Warm Places) 1,011 - 1,011
Postcode Lottery (Meet Up) - (11,830) (11,830)
Forever Manchester Connecting
Communities - (100) (100)
Pennines Township Committee (Blokes) - (208) (208)
Co-Op Community Fund (Blokes) - (1,121) (1,121)
Co-Op Community Fund (Butterworth Hall) - (2,189) (2,189)
1,011 (15,448) (14,437)
TOTAL FUNDS 63,736 (51,391) 12,345

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Capital funds
Designated funds
Restricted funds
Tim Bobbin Festival
Postcode Lottery (Meet Up)
Arnold Clark Community Fund
Forever Manchester Connecting
Communities
Pennines Township Committee (Blokes)
Co-Op Community Fund (Blokes)
Co-Op Community Fund (Butterworth Hall)
Hare Hill House
Donations
Butterworth Hall Restricted
TOTAL FUNDS
At 1.7.22
£
74,968
355,282
37,336
467,586
1,396
11,830
598
100
208
2,783
2,189
29,886
1,178
-
50,168
517,754
Net
movement
in funds
£
41,009
(1,455)
12,007
51,561
-
(11,830)
-
(100)
(208)
(2,783)
(2,189)
(1,787)
(1,178)
23,130
3,055
54,616
Transfers
between
funds
£
(1,000)
-
1,000
-
-
-
-
-
-
-
-
-
-
-
-
-
At
30.6.24
£
114,977
353,827
50,343
519,147
1,396
-
598
-
-
-
-
28,099
-
23,130
53,223
572,370

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continued...

Moorend Development Trust

Notes to the Financial Statements - continued for the Year Ended 30 June 2024

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 116,454 (75,445) 41,009
Capital funds - (1,455) (1,455)
Designated funds 13,000 (993) 12,007
129,454 (77,893) 51,561
Restricted funds
Crowd Funding (Warm Places) 1,011 (1,011) -
Postcode Lottery (Meet Up) - (11,830) (11,830)
Forever Manchester Connecting
Communities - (100) (100)
Pennines Township Committee (Blokes) - (208) (208)
Co-Op Community Fund (Blokes) - (2,783) (2,783)
Co-Op Community Fund (Butterworth Hall) - (2,189) (2,189)
Hare Hill House - (1,787) (1,787)
Donations - (1,178) (1,178)
Butterworth Hall Restricted 23,130 - 23,130
24,141 (21,086) 3,055
TOTAL FUNDS 153,595 (98,979) 54,616

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024.

Page 13

Moorend Development Trust

Detailed Statement of Financial Activities for the Year Ended 30 June 2024

2024 2023
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 2,249 14,044
Grants 26,291 1,011
28,540 15,055
Other trading activities
Rental income Butterworth Hall 19,862 16,953
Rental income Hare Hill House 5,897 12,422
Hare Hill House events 32,215 9,053
Other rental income - 5,790
Fundraising income 968 -
58,942 44,218
Investment income
Investments 2,377 1,234
Other income
Other income - 3,229
Total incoming resources 89,859 63,736
EXPENDITURE
Charitable activities
Sundries 2,360 3,281
Hare Hill House Meet Up 6,000 13,815
Hare Hill House 750 5,842
Warm Space Project 696 993
Blokes 300 1,429
Butterworth Hall 22,431 21,488
Butterworth Hall Project 10,838 2,484
43,375 49,332
Support costs
Management
Fixtures and fittings 647 808
Finance
Bank charges 95 171
Governance costs
Accountancy and legal fees 3,471 1,080
Total resources expended 47,588 51,391
Net income 42,271 12,345

This page does not form part of the statutory financial statements

Page 14