COMPANY REGISTRATION NUMBER: 06217004 CHARITY REGISTRATION NUMBER.. 1129839 Moorclose Community Centre Limited Company Limited by Guarantee Unaudited Financial Statements 30 April 2023 Lamont Pridmore
Moorclose Community Centre Limited Company Limited by Guarantee Financial Statements Year ended 30 April 2023 Page Trustees, annual report (incorporating the directorfs report) Independent examinels 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 statements 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 2023 The trustees, who are also the directors for the purpose5 of company law, present thelr report and the unaudited financial statements of the charity for the year ended 30 April 2023. Reference and admlnlstrative details Registered charity narne Moorclose Communty Centre Limited Charity reglstratlon number 1129839 Company registration number 06217004 Principal office and registered Moorclose Community Centre office Needham Drive Workinglon Cumbria CA14 3SE The trustees AJGood S G Palmer P Parkinson - Resigned 01.01.23 M Pallinson Independent examiner Lamont Pridmore (West Cumbria) Ltd Milburn House 3 Oxford Street Workinglon Cumbria CA14 2AL Structurei governance and management Governing Document The charity is controlled by ils goveming document, a deed of trust, and conslitule5 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 is a gistered charity. The charitable company is govemed by ils Memorandum and Articles ol Association dated 30 July 2007 as amended by special resolution on 25 March 2009. Induction and training of new trustees The aim is lo maintain a Iruslee board with a range of skills which will be useful to the organisation. New trustees are taken through an induction procedure. Day to 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) (conlinued) Year ended 30 April 2023 Obje¢tiv&s and activities The charitable company's objectives are to engage in any business, trade or industry which may seem lo the company directly or indirectly conducive lo the interest or convenience of the company's members or any secbon thereof or of the community in the company's area of activity generally. The Iruslees 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 trustees consider how planned activities will contribute to the aims and objectives they have sel. Slalement of trustees, responsibilities The trustees (are also directors of Moorclose Community Centre Limited for the purrx)se of company lawl 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 to prepare financial slalemenls 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 expenditLJre, of the charitable company for that period. In preparing these financial ststements. the trustees are required to.. Select suitable accounting policies and then apply them consislenlly.. 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 lollowed, subject lo any rnalerial departures disc5osed and explained in the financial statements., and Prepare the financial slalements on the going coneem basis unless 11 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 financial position of the charitable company and which enable them to ensure that the financial slalemenls 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 reeslablished itself post pandemic and has undertaken lo update the centre to be more welcoming.
Moorclose Community Centre Limited Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conlinuedj Year ended 30 April 2023 Financial review Incomings for the year amounted lo £68,388 12022 £74,826). Outgoings for the year amounted to £89,67312022 £123,767}. This resulted in a net expenditure of £21,285 12022 £48,941). The bank balance has reduced to £11.042 from an opening position of £25,008. The trustees have examined the charity's requirement for reserves. It has established a poliey whereby the unreslricled funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure. Assuming similar expenditure levels lo this year1£89,673) the policy would look to hold reserves of £70,000 in general funds. The reserves are needed lo meet the working capital requirements of the charity and the trustees are confident that at this level they would be able lo continue the current aciliviles of the charity in the even of a significant drop in funding. The present level of SerVeS being £26,015 is unfortunately well below the level sel by the Iruslees. It is going lo take lime to recover but the trustees are adamant that this will happen as they are already seeing an upturn in usage of the facility. Small company provisions Thi5 report has been prepared in accordance with the provision3 applicable to companies entitled to the small companies exemption. The trustees, 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 Examiner's Report to the Trustees of Moorclose Community Centre Limited Year ended 30 April 2023 I report to the trustees on my examination of the financial statements of Moorclose Community Centre Limited I'lhe eharily'l for the year ended 30 April 2023. Responsibilltles and basis of report As the Iruslees of the Company land also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 20061'the 2006 Act'i. Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible lor independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ibl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act.. or the financial statements do not accord with those records.. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and 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 Statement 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 allenlion should be drawn in this report in order lo enable a proper understsnding of the accounts lo be reached. fNth6pe Lamont Pridmore {We5t Cumbrial Ltd Independent Examiner Milburn House 3 Oxford Street Workington Cumbria CA14 2AL
Moorclose Community Centre Limited Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 30 April 2023 2023 Restricted funds Total funds Total funds 2022 Unrestricted funds Note Income and endowments Charitable activities 68,388 68,388 74,826 74,826 Total income 68,388 68.388 Expendlture Expenditure on charitable actniities Total expenditure 89,673 89.673 89,673 89,673 123,767 123,767 Net expenditure and net movement in funds 121.2851 121,2851 148,941} Reconciliation of funds Total funds brought forward Total funds carried fOard 44.815 2,485 47,300 96,241 47,300 23.530 2,485 26,015 The stslement of financial actNities includes all gains and losses recognised in the year. l income and expenditure derive from continuing activities. The note8 on pages 7 to 14 form part of these financial statements.
Moorclose Community Centre Limited Company Limited by Guarantee Statement of Financial Position 30 April 2023 2023 2022 Note Fixed assets Tangible fixed assets 12 17,696 24.999 Current assets Debtors Cash al bank and in hand 13 1,535 11,042 12,577 1,354 25,008 26,362 Creditors.. amounts falling due within one year Net current assets 14 4,258 4,061 22,301 8,319 Total assets less current Ilabllltie5 26.015 47,300 Net as5et$ 26,015 47,300 Funds ofthe charity Restricted funds Unrestricted funds 2.485 23.530 2,485 44,815 47,300 Total charity funds 26.015 For the year ending 30 April 2023 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 to obtain an audit of its financial slalemenls for the year in question in accordance with section 476.. The directors acknowledge their re5pon51bilities for complying with the requirements of the Act with respect lo accounting records and the preparats'on of financial statements. These financial statements have been prepared in accordance with the provisions applicable lo companies subject to the small companies, regime. These financial ststemenls were approved by the board of Iruslees and authortsed for issue on 23 October 2024, and are signed on behalf of the board by.. AJGood Trustee S G Palmer Trustee The notes on pages 7 to 14 form part of these financial statements.
Moorclose Community Centre Limited Company Limited by Guarantee Notss to the Financial Statements Year ended 30 April 2023 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 registered office is Moorelose Community Cenlre, Needham Drive, Workington, CLJmbria, CA14 3SE. Statement of compliance These financial statement5 have been prepared in cornpliance with FRS 102, 'The Financk81 Reporting Standard applicable in the UK and the Republic of Ireland,, the 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 IFRS 1021 (Charities SORP IFRS 102}} and the Companies Act 2006. Accounting policles Basis of preparation The financial slalements have been prepared on the historical cost basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial 51alemenls are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties 8boul the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial 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 uncertainly or where judgement has been exercised in a particular area is expressly disclosed within the relevant accounting policy. Fund accounting Unrestricted funds are available for use at the discretion of the trustees lo further any of the charity'5 purposes. Designated funds are unrestricted fvnds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of Iwo suclasSeS.. restricted income funds or endowment funds.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (continue Year ended 30 April 2023 Accounting policies (continued) Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity". it 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 to particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement lo the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and enlillement is established. income from donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably, in which case the value is derived from the cost to the donor or the estimated 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 contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the ¢onlracted service. This is classified as unreslricled funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent, in which case il may be regarded as restricted. Resource5 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 lo which il relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading aclivilies. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its 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 to raising fvnds for the harity nor part of ils expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute lo on a reasonable, justifiable and consislenl basis. Operating leases Lease payments are recognised as an expense over the lease term on a slraighl-line basis. The aggregate benefrt of lease incentives is recognised as a reduction to expense over the lease temi. on a slraighl-line basis.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 30 April 2023 Accounting policies (confynued) Tangible assets Tangible assets are initially recorlled at cost, and subsequently slated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impaimienl losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other iecognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of finaneial 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 Ihe105s is shown within other recognised gains and losses on the statement of fi'nancial activities. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows.. Long leasehold property Fixtures and fittings 100A straight line 250/0 reducing balance Impairment of fixed assets A review for indicators of impairment is carried out al each reporting dale. with the recoverable amount being eslimaled where such indicators exist. Wiere the carrying value exceeds the recover8ble amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimienl testing, when it is not possible to estimate the recoverable amount of an individual asse[ an estimate is made of the recoverable amount of the cash- generating unil to which the asset belongs. The cash-generating unil 15 the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash infkThs from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business combination is, from the acquisition date. allocated to each of the cash-generating units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned lo those units. Financial instruments A financial asset or a finaneial liability is recognised only when the charity becomes a paty to the conlraclual provisions of the instrument. Basic financial instruments are initially recognised al the amount receivable or payable including any related transaction costs.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 30 April 2023 Accountin9 policies (¢orJlinued) Financial instruments (continued) Current assets and current liabilities are subsequently measured at the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised Cost. Where investments in shares are publicly traded or their fair value can otheNise be measLJred reliably. the investment is subsequently measured al fair v81ue with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised al fair value, unless payment for an asset Is deferred beyond normal bLJsiness terms or financed al 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 at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial aclivilies, with the exception of hedging instruments in designated hedging relationship. Financial assets that are measured at cost or amortlsed c051 are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial 8clivilies in which the inib'al 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 financi81 assets are either assessed individually or grouped on the basis of similar credit risk characlerislic5. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previoLJsly been recognised. Limited by guarantee Moorclose Community Centre Limited is constituted as a company limited by guarantee and is a registered 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. Charltable activities Unre51ricted Total Funds Unreslricled Total Funds Funds 2023 Funds 2022 Grant income Room hire and use of resources Rent received 11,093 11.093 5,243 50 69,533 5,243 50 69.533 57.295 57,295 68.388 68,388 74,826 74,826 10-
Moorclose Community Centre Limited Company Limited by Guarantse Notes to the Financial Statements fcontsnuedj Year ended 30 April 2023 Expenditure on charitable activities by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Community Centre 89,673 89.673 123,767 123,767 Expenditure on charitable activities by actlvlty type Grant fLJnding Total funds of activities 2023 Total fund 2022 Community Centre 89.673 89,673 123.767 Net expenditure Net expenditure is slated after chargingllcrediling}'. 2023 2022 Depreciation oftangible fixed assets Operating lease rentals 7,303 899 9,014 1,247 Independent examination fees 2023 2022 Fees payable to the independent examiner for.. Independent examination of the financial statements 2,082 1,986 10. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2023 2022 Wages and salaries 13,209 15,798 The average head count of employees during the year was 2 12022.. 21. The average number of full-lime equivalent employees during the year is analysed as follows.. 2023 No. 2022 No. Number ofstaff No employee received employee benefits of more than £60.000 during the year {2022.' Nill.
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conllnue¢lJ Year ended 30 April 2023 11. Trustee remuneration and expenses There were no trustee's remuneration or other beneffts for the year ended 30 April 2023 nor for the year ended 30 April 2022. There were no trustee's expenses paKI for the year ended 30 April 2023 nor for the year ended 30 April 2022. 12. Tangible fixed assets Long leasehold Fixtures and property fittings Total Cost At 1 May 2022 and 30 April 2023 Depreciation Al 1 May 2022 Charge for the year At 30 April 2023 Carrying amount At 30 April 2023 At 30 April 2022 106,251 97,219 203,470 85,767 6,401 92,704 902 178.471 7.303 92,168 93,606 185,774 14,083 3,613 4,515 17,696 24,999 20,484 13. Debtors 2023 2022 Prepayments and accrued in¢ome 1,535 1,354 14. Creditors: amounts falling due within one year 2023 2022 Accruals and deferred income Social security and other taxes 4.081 177 3,902 159 4.258 4,061 12-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (eontinued) Year ended 30 April 2023 15. Analyslg of charitable funds Unrestrlcted funds At 30 April 202 At 1 May 2022 Income Expenditure General funds 44,815 68,388 {89.6731 23,530 Al 1 May 2021 At Income Expenditure 30 April 2022 General funds 93.756 74,826 1123,7671 44.815 Restricted funds At 30 April 202 Al 1 May 2022 Income Expenditure Restricted Fund 1 Capital Grants Restricted Fund 2 - Toddler Group funds 2,549 2,549 1641 2,485 {64> 2,485 Al 1 May 2021 At Income Expenditure 30 April 2022 Restrlcled Fund 1 Capital Grants Restricted Fund 2 - Toddler Gro¢Jp funds 2.549 2,549 {64) 2,485 164} 2.485 13-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Financial Statements (conlinu8dJ Year ended 30 April 2023 16. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 5,185 12.577 14,2581 13.504 12,511 17,696 12,577 14,2581 26,015 12,511 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed asset5 Current assets Creditors less than 1 year Net assets 7,429 26,362 14,0611 29,730 17.570 24,999 26,362 14,061} 47,300 17,570 14-
Moorclose Community Centre Limited Company Limited by Guarantee Management Information Year ended 30 April 2023 The following pages do not fomi part ofthe financial statements. 15-
Moorclose Community Centre Limited Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 30 April 2023 2023 2022 Income and endowments Charitable activities Grant income Room hire and use of resources Rent received 11,093 5,243 50 69,533 57,295 68,388 74,826 Total income 68,388 74,826 Expenditure Expenditure on charitable activltles Wages and Salaries Operating leases Rates and water Light and heat Repairs and maintenance Insurance Legal and professional fees Telephone other office costs Depreciation Cafe 13,209 899 13.590 40.603 5.428 3,169 2,082 2,417 972 7,304 15,798 1,247 22,509 60,972 7,123 2,193 1,986 1,450 526 9.014 949 89,673 123,767 Total expenditure 89,673 123,767 Net expenditure 121.2851 148,9411 16-
Moorclose Community Centre Limited Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 30 April 2023 2023 2022 Expenditure on charitable activities Community Centre Grant funding activitie5 Grant charitable activity 1 - wageslsalaries Grant charitable activity 1 operating leases Grant charitable activity 1 rates & water Grant charitable activity 1 light & heat Grant charitable activity 1 repairs & maintenance Grant charitable activity 1 insurance Grant charitable 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 13,209 899 13,590 40,603 3,222 3,169 2,082 2,417 3,178 7,304 15,798 1,247 22,509 60.972 7,123 2,193 1,986 1,450 526 9,014 949 89,673 123.767 Expenditure on charltable actlvities 89.673 123.767 17-