COMPANY REGISTRATION NUMBER.. 06217004 CHARITY REGISTRATION NUMBER: 1129839 Moorclose Community Centre Limited Company Limited by Guarantee Unaudited Financial Statements 30 April 2022 Lamont Pridmore
Moorclose Community Centre Limited Company Limited by Guarantee Financial Statements Year ended 30 April 2022 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 Notes to the financial statements The following pages do not form part of the financial ststements Detailed statement of financial activities 16 Notes to the detailed statement of financial activities 17
Moorclose Community Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 30 April 2022 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the ChaTty for the year ended 30 April 2022. Reference and administrative details Registered charlty name Moorclose Community Centre Limited Charity registration number 1129839 Company registration number 06217004 Principal office and registergd Moorclose Community Centre office Needham Drive Workinglon Cumbria CA14 3SE The trustees AJGood S G Palmer P Parknnson M Patb'nson Independent examiner Lamont Pridmore {West Cumbria) Ltd Milburn House 3 Oxford Street Workinglon Cumbria CA14 2AL Structure, governance and management Governing Docurnenl The charity is controlled by ils governing document. a deed of Irusl, and conslitules a limited company, limited by guarantee. as defined by the Companies Act 2006. Moorclose Community Centre Limited is constituted as a company limited by guarantee and 15 registered charity. The charitable company is governed by ils Memorandum and Articles of Association dated 30 July 2007 as amended by special resolution on 25 March 2009. Induction and training of new trustees The aim is to maintain a trustee board with a range of skills which will be useful to the organisation. New Iruslees are taken through an induction procedure. Day lo day management The centre is managed by Angela Good.
Moorclose Community Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contit)uedJ Year ended 30 April 2022 Objectives and activities The charitable company's objectives are to engage in any business, trade or industry whlch may seem to the company directly or indirectly conducive lo the interest or convenience of the cofflpany's members or any section thereof or of the community in the company's area of activity generally. The trustees have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future aclivilies. In particular. the Iruslees consider how planned activities will contribute lo the aims 2nd objectives they have set. Statement of trustees, responsibilities The trustees (are also directors of Moorclose Community Centre Limited for the purpose of company law} are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Company law requires the trustees lo prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial slatemenls, the trustees are required to.. Select suitable accounting policies and then apply them consistently., Observe the methods and principals in the Charities SORP., Make judgements and eslimales that are reasonable and prudent.. Stale whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements., and P¥epare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the fi'nancial position ol the charitable company and which enable them lo ensurg that the financial statements comply with the provisions of the Statement of Recommended Practice ISORPI 'Accounting and Reporting by Charities, issued in March 2005. 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. Achlevements and performance The centre has re-e5tsbli5hed itself post pandemic and has undertaken lo update the centre lo be more welcoming.
Moorclose Community Centre Limited Company Limited by Guarantee Trustees. Annual Report {Incorporating the Director's Report) (contlnued) Year ended 30 April 2022 Financial review Incomings for the year amounted lo £74,826 12021 £81,635). Outgoings for the year amounted lo £123,767 12021 £105,078) This resulted in a nel expenditure of £48,941 12021 £23,422) The bank balance has reduced lo £25,008 from an opening position of £66.260. Rents received have almost doubled over last year albeit the grant income, post pandemic, has now reduced drastically hence the overall downturn income however the increase in rents is a positive sign and it is believed this wi51 continue to to increase year on year now, allowing the centre lo rebuild ils reserves. The Iruslees have examined the charity's requirement for reserves. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be belween 3 and 6 months of the expenditure. Assuming similar expenditure 5evels to this year1£123,767) the policy would look lo hold reserves of £70,000 in geneol funds. The reserves are needed lo meet the woiking capitsl requirements of the charity and the trustees are confident that at this level they would be able to continue the current aciliviles of the charity in the even of a significant drop in funding. The present level of reserves being £47,300 is unfortunately below the level sel by the Iruslees. Post pandemic this is the first year where grants are being reduced and the centre is operating mostly 'on its own,. It is going lo take lime lo recover but the trustees are adamant that this will happen as they are already sèeing an upturn in income from rents. Small company provisions This report has been prepared in attordance with the provisions applicable lo companies entitled to the small companies exemption. The Iruslees, annual report was approved on 23 October 2024 and signed on behalf of the board of Iruslees by.. AJGood Trustee S G Palmer Trustee
Moorclose Community Centre Limited Company Limited by Guarantee Independent ExaMineS Report to the Trustees of Moorclose Community Centre Limited Year ended 30 April 2022 I report to the trustees on my examination of the financial statements of Moorclose Community Centre Limited I'the charity'l for the year ended 30 April 2022. Responsibilities and basls of report As the Iruslees of the company land 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 2006 {'the 2006 Acl'l. Having satisfied myself that the accounts of the company are not required lo 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 caTried out under section 145 of the Charities Act 2011 1.the 2011 ACYI. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}(b} of the 2011 Act. Independent oxamingrf5 Statement I have completed my examination. I confirm that no matters have Gome lo my allenlion in connection with the examination giving me cause to believe.. accounting records were not kept in Spect of the charity as Tequired by section 386 of the 2006 Act., or 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 requi ment that the accounts give a 'true and fairf 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 Slalement 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 IFRS 1021. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. Lamont PTidmore (Wesl Cumbrial Ltd Independent Examiner Milbum House 3 Oxford Street Workinglon Cumbria CA14 2AL
Moorclose Community Centre Limited Company Limited by Guarantee ststement of Financial Activities (including income and expenditure account) Year ended 30 April 2022 2022 Restricted fund5 Total funds Total funds 2021 Unrestricted funds Note Income and endowments Charitable activities Investment income 74,826 74.826 81.635 21 Total Income 74,826 74,826 81,656 Expenditure Expenditure on charitsble activities Total expenditure 123,767 123.767 123,767 105,078 123,767 105,078 Net expenditure and net movement in funds 148,9411 {48,941} (23,4221 Reconciliation of funds Total ftjnds brought foTward Total funds carried forward 93,756 44.815 2.485 96,241 47.300 119,663 2.485 96.241 The statement of financial activities includes all gains and losses recognised in the year. All inGome and expenditure derive from continuing activities. The notss on pages 7 to 14 form part of these financlal stst8ments.
Moorclose Community Centre Limited Company Limited by Guarantee Statement of Financial Position 30 April 2022 2022 2021 Note Fixed assets Tangible fixed assets 13 24.999 34.013 Current assets Debtors Cash al bank and in hand 14 1,354 25,008 26,362 593 66,260 66.853 Creditors: amounts falling due within one year Net current assets 15 4,061 4.625 22,301 62,228 96.241 Totsl assets less current liabilities 47,300 47,300 Net assets 96,241 Funds of the eharlty Reslricled funds Unrestricted funds 2,485 44,815 2.485 93.756 96.241 Total charity funds 16 47,300 For the year ending 30 April 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 lo 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 lo 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. regirne. These financial statements were approved by the board of Iru51ees and aulhorised for issue on 23 October 2024. and are signed on behalf of the board by. AJGood Trustee S G Palmer Trustee The notes on pag85 7 to 14 form part of thÈ5e financial statements.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements Year ended 30 April 2022 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 gistered office is Moorclose Community Centre, Needham Drive. Workinglon, Cumbria, CA14 3SE. statement of complianee 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 Slalement of Recommended Practice 8pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102} Icharilies SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al lair 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 estimatlon uncertalnty The preparation of the fi'nancial statements requires the use of estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities. income and expenses. Any estimate that has a degree of uncertainty or where judgement has been exercised in a particular area is expressly disclosed within the relevant acwunling policy. Fund accounting Unrestricted funds are available for use at the discretion of the Iruslees lo 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 reslriclions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of sub-classes.. restricted income funds or endowment funds.
Moorclose Community Centre Limited Company Lirnited by Guarantee Notes to the FinanGial Statements (conllnu¢dJ Year ended 30 April 2022 Accounting policies (conlAnuedJ Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity". il 15 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 lo particular categories of incorne.. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt Is probable and entitlement is established. income from donated goods is measUd al 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 eslimaled 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 Gonlribulion 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 lo be spent on a particuIar 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 il relates.. expenditure on raising funds includes the costs of all fundraising activities. events. non- charitable trading activities, and the sale of donated gos. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that fvrther ils charitable aims for the benefit of ils beneficiaries, including those support costs and costs relating to the governance of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo 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 allribulable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Operating leases Lease payments are recognised as an expense over the lease term on a slraighl-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Moorclose Cornmunity Centre Limited Company Limited by Guarantse Notes to the Financial Statements {contlnuedJ Year ended 30 April 2022 Accounting policies fcontinued) Tangible assets Tangible assets are initially recorded at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded al the fair value al the dale of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase In the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for irnpairmenl that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or valualion of an asset, less ils residual value, over the useful economic life of that as5el as follows.. Long leasehold property Fixtures and fittings 10°h straight line 25 10 reducing balance Impairment of flxed assets A review for indicatois of impairment is carried out at each reporting dale. with the recoverable amount being estimated where such Indicators exist. Infftere the carrying value exceeds the recoverable arnount, the asset is impaired accordingly. Prior inipairments 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 cash- generating unit to which the asset belongs. The cash-genemting unil is the smallest identifiable group of assets that includes the asset and generates cash infiows 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, fiom 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 a assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a paty to the contractual provisions of the instrument. Basie financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements {contlnuedJ Year ended 30 April 2022 Accounting policies (eontsnued) Financial instruments (contlnued) Current assets and current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amort15ed cost. Where investments in Shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequenlty measured at fair value with changes in fair value reeognised in income and expendrture. All other such investments are subsequently measured at cost less impairment. Other financial inslrumenls, including derivatives. are initially recognised at fair vaSue. unless payment for an asset is deferred beyond normal business terrns 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 al a market rate of interest for a similar debt instrument. Other financial instruments a subsequently measured at fair value, with any changes ognised in the slalemenl of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised c05t are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the stslement 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 characlerislics. Any reversals of impairrnent are recognised immediately. lo the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying arnount would have been had the impairment not previously been recognised. Limited by guarantee Moorclose Community Centre Limited 15 constiluled as a company limited by guaranlee and is islered charity. The charitable company is governed by its Memorandum and Articles of Association dated 30 July 2007 as amended by special resolution on 25 March 2009. Charitable activities Unreslricled Total Funds Unreslricled Total Funds Funds 2022 Funds 2021 Grant income Room hire and use of resources Rent received 5,243 50 69.533 5,243 50 69,533 44,395 340 36,900 81,635 44,395 340 36,900 74.826 74,826 81,635 10-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (¢ontin(JedJ Year ended 30 April 2022 Investment income Unrestricted Total Funds Unreslricled Total Funds Funds 2022 Funds 2021 Bank interest receivable 21 21 Expenditure on charitable activities by fund type Unstricted Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 Community Centre 123,767 123,767 105.078 105,078 Expenditure on charitable activities by activity type Grant funding Total funds of activities 2022 Total fund 2021 Community Centre 123.767 123,767 1 OS,078 Net expenditure Net expenditure is stated after chargingllcredilingl.. 2022 2021 Depreciation of tangible fixed assets Operating lease rentals 9,014 1,247 27,295 1,247 10. Independent examination fees 2022 2021 Fees payable to the independent examiner for.. Independent examination of the financial statements 1.986 1,890 11. Staff costs The total staff cost5 and employee benefits for the reporting period are 8n8lysed as follows.. 2022 2021 Wages and salaries 15,798 23.389 11
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (e¢mlinved) Year ended 30 April 2022 11. Staff costs (conllnued) The average head count of employees during the year was 2 12021.. 71. The average number of full-lime equivalent employees during the year is analysed as follows.. 2022 No. 2021 No. Number of staff No employee received employee benefits of more than £60,000 during the year12021.. Nill. 12. Trustee remuneration and expenses There were no trustee's rernuneration or other benefits for the year ended 30 April 2022 nor for the year ended 30 April 2021. There were no trustee's expenses paid for the year ended 30 April 2022 nor for the year ended 30 April 2021. 13. Tangible fixed assets Long leasehold Fixtures and property fillings Total Cost At 1 May 2021 and 30 April 2022 Depreciation At 1 May 2021 Charye for the year At 30 April 2022 Carrying amount At 30 April 2022 At 30 April 2021 106,251 97.219 203.470 77,880 7,887 91.577 1,127 169.457 9,014 85.767 92,704 178,471 20.484 4,515 5,642 24,999 34,013 28.371 14. Debtors 2022 2021 Prepayments and accrued income 1,354 593 12-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conunued) Year ended 30 April 2022 15. Creditors: amount5 falling due within ono year 2022 2021 Accruals and deferred income Social security and other taxes 3,902 159 4,575 50 4,1 4,625 16. Analysls of charitable funds Unrestricted funds At 30 April 202 At 1 May 2021 Income Expenditure General funds 93,756 74,826 1123,7671 44,815 Al 1 May 2020 At Incorne Expenditure 30 April 2021 General funds 117.178 81,656 1105,0781 93,756 Restricted funds At 30 April 202 At 1 May 2021 Income Expenditure Restricted Fund 1 Capital Grants Restricted Fund 2 - Toddler Group funds 2.549 2,549 {641 2.485 1641 2,485 Al 1 May 2020 At Income Expenditure 30 April 2021 Reslricled Fund 1 Capital Grants Restricted Fund 2 - Toddler Group funds 2,549 2.549 1641 2,485 1641 2.485 13
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements {contlntdj Year ended 30 April 2022 17. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 7.429 26,362 14.0611 29,730 17,570 24.999 26,362 14,0611 47,300 17,570 Unrestricted Funds Restricted Total Funds Funds 2021 Tangible fixed assets Current assets Creditors less than 1 year Net assets 10,285 66,853 14,6251 72.513 23.728 34,013 66,853 (4,6251 96,241 23,728 14-
Moorclose Community Centre Limited Company Limitsd by Guaranteo Management Information Year ended 30 April 2022 The following pages do not form part of the flnanclal statements. 15-
Moorclose Community Centre Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 30 April 2022 2022 2021 Income and endowments Charitable activities Grant income Room hire and use of resources Rent received 5.243 50 69.533 44,395 340 36.900 74,826 81.635 Investment income Bank interest receivable 21 Total incomg 74,826 81,656 Expenditure Expenditure on charitable activities Wages and salaries Operating leases Rates and water Light and heat Repairs and rnaintenance Insurance Legal and professional fees Telephone Other office costs Depreciation Cafe Licences 15,798 1,247 22,509 60,972 7,123 2,193 1,986 1.450 526 9.014 949 23,389 1,247 19.137 17,935 5.034 2,833 3.314 1.891 2.439 27.295 356 208 123.767 105.078 Total expenditure 123,767 105,078 Net expenditure (48,9411 123,4221 16-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 30 April 2022 2022 2021 Expenditure on charitable activities Community Centre Grant funding activitiTes Grant charitable activity 1 wageslsalaries Grant charitable activity 1 operating leases Grant charitable activity 1 rates & water Grant charitable activity 1 light & heat 15,798 1.247 22.509 60.972 23,389 1,247 19,137 17,935 F li Grant charitable activity 1 repairs & maintenance Grant char"rtable activity 1 insurance Gonl eharitable activity 1 legal and Professional fees Grant charitable activity 1 - telephone Grant charitable activity 1 other costs Grant charitable activity 1 depreciation Grant charitable activity 1 Cafe Grant charitable activity 1 Licences 7,123 2,193 1,986 1.450 526 9.014 949 5,034 2,833 3,314 1,891 2.439 27.295 356 208 123.767 105.078 Expendlture on charitsble activities 123,767 105,078 17-