Registered number.. 06802004 Charity number- 1138399 Mackworth Estote Community Association Limited Trustees, Report ond Finonciol Stotements For the Yeor Ended 31 Morch 2024 INS AUDIT
Mackworth Estate Community Association Limited (A Compony Limited by Guarontee) Contents Poge Ref erence and Administrotive Details of the Charity, its Trustees and Advisers Trvstees, Report Independent Examlner's Report Statement of Financial Actlvities 8olonce Sheet Notes to the Finoncial Statements 8-16
Mackworth Estote Community Assoclotion Limited (A Company Limited by Guorantee) Reference ond Admirbistrotive Detolls of the Charity. Its Trustees and Advlsers For the Year Ended 31 Morch 2024 Trvstees P Dean, Choir D Poge. Vice Choir (resigned l August 2024) K Bowler (resigned 31 July 2023) L E BroLtrghton Z F Croig (appointed 9 October 2023) J Hordy P J Pegg (resigned 10 October 2023) D Willis (appointed 10 October 2023) Compony registered number 06802004 Charity registered number 1138399 Reglstered offlce Mockworth Estate Community Hall St Francis Church Prince Chor.'es Avenue Derby Derby$Ire DE22 4FN Company secretary J Hordy Accountants Doins Audit Limited 2 Chomberloin Squore Poradise Circus Birminghom 83 SAX Page 1
Mockworth Estate Community Association Limlted (A Company Limited by Guarontee) Trustees, Report For the Year Ended 31 Morch 2024 The Trustees present their onnuol report together with the finonciol stolements of the Chority for the yeor l April 2025 to 31 Morch 2024. The Annual Report serves the purposes of both o Trusiees, report and o directors, report under company low. The Trustees confirm thot the Annual qeport ond finoncial stotements of the choritoble compony comply with the current statutory requirements. the requiremenis of the choritoble compony's governin9 document ond the provisions of the Stotement of Recorr.mended Proctice (SORP) applicoble to cnorities preporing the1r occounls in occordonce with the FinancioS Reporting Stondord opplicoble in the UK ond Republic of Ireland (FR5102) (effective 1 Janvory 2019). Since the Chorily quolifies os smoll under section 382 of the Companies Act 2006. the Strotegic Report required of medium ond large componies under the Componies Act 2006 (51rategic Report ond Directors, Report) Reoulotions 2013 hos been omitted. Objectives and octlvities o. Policles and objectives The objects of the charity ore to promote the benefit of the inhobitonts of Mockworth Estate in o common effort to odvonce educolion, to provide focilities in the Interests of sociol welfore for recreation ond leisure time occupotion with the object of improving the conditions of life of the Inhobitants ond residents of Mockworth Eslote ond to estoblish, or secure the estoblishment of, a communily centre and io mointain ond monoge the some in furtheronce of the objects. In setting obiectives ond plonning for activities. the Trustees have given due consideration to general guidonce published by the Chorily Commission reloling to public benefit. including the guidonce 'Public benefit.. running o chority (PB2)' b. Strotegies for achleving objectives Focus hos been pul on improving the performance of the chority shop in oddition to increasing the use of the holl to try ond increose the fJnds ovoiloble to reinvest in the communit. Achievements ond performance o. Review of activlties Mockworth Estote Community Associotion Limited (MECA), just like mony other charities and businesses. found il very difficult to become fully operationol again following the COVID-19 lockdown. Thonks to the dedicated staff ot the Chority Shop on Droyton Avenue ond the hord work of the CEO in ensuring thot the Mackworth Estote Community Holl wos ovoiloble to hire Income increosed 75Q/¢ in the prior year. However. Mockworth hove struggled in the current year to continue lo keep the holl occupied leadin9 to 0 36Vo decrease in income Poge 2
Mockworth Estote Community Association Limlted (A Company Limited by Guarantee) Trustees, Report (continued) For the Year Ended 31 Morch 2024 Flnanciol review Going concern After moking appropriote enquiries, the Trustees have o reosonoble expectotion Ihot the Charity hos odequote resources to continue in operotionol existence for ihe foreseeoble future. For this reoson, they continue to adopt the going concern basis in preporing the financial slalements. Further details regording the odoption of the going concern bosis con be found in the occounting policies. b. Ae5erves pollcy The Company holds reserves in. order thot the levels of service provlded to the community moy be mointained should there be o reduction in incomir)g resources. Reserves In this context meon funds that ore freely ovoiloble for the Compony's generol purposes ofier oll cowmitments hove been met. It is the opinion of the trustees ihot the existing reserves are sufficient to meet ony reduction in incoming resources. c. Principal funding Funding is primarily from holl hire ond shop income but the trustees ore octively pursuing any other possible funding opportunilies which iF)cludes grants ond other choritoble funding opportunities. Structure. governonce and monogement o. Constitution Mockworth Estole Community Association Limited is re915tered os a choritable company limited by guorantee (Jnd wos set up by o Trust deed. b. Methods of appointment or election of Trustees The manogement of the Chority is the responsibility of the Trustees who ore elected ond co-opted under the terms of the Trvsi deed. c. Flnanciol rlsk management The Trustees have 055essed the major risk5 to which the Chority is exposed. in porticulor those related to the operotions ond finonces of the Chority, ond are satisfied thot sustems ond procedures ore in ploce to mitigote exposure lo the mojor risks. Members, liability The Members of the Charity guorontee to contribute on amount noi exceeding £1 to the ossets of the Charity in the event of winding up. Poge 3
Mockworth Estate Community Association Llmited (A Company Limited by Guarantee) Trustees, Report Icontlnued) Fer the Yeor Ended 31 March 2024 Statement of Tru5tees' responslblllties The Trustees (who ore olso the directors of the Chority for the the Trustees. Report ond the finonciol stotements In accordo Standards (United Klngdom Generally Accepted Accounting Pr urposes of compony low) ore responsible for preporing e with opplicoble low and Unf(ed Kingdom Accounting ctice). Compan. low requires the Trusteès lo prepore financi05 st Trustees must not opprove the f inonciol stotements unless th stote of offolrs of the Choritu ond of Its incoming resources expenditure. for ihot period. In preparing these finonciol stotem select suitoble occountlng policles and Ihen opply them observe the methods ond prlnclples of the Chorltles SOR moke judgments ond accounting estimates thol are reo stote whether opplicoble UK Accounting Stondords ( deportures disclosed ond exploined In the finonclol stote prepore tk,e finoncial stolemenls on the going conce Chority will contlnue In buslness. lements for eoch flnonciol Under compony low, the ore Soiisfied thot they give o true ond foir view of the and opplicotion of resources. Including its Income ond nts, the Trustees ore required to.. onsislently: (FRS 102), onoble and prudent". RS 102) hove been followed. subject to ony moterio ents., b051s unless It Is inoppropriate lo presume that the The Trustees ore responsible for keeping adequote occounti Charity's tronsaclions ond dlsclose with reosonable occuroc enoble them to ensure thol the f inonciol stotement5 comply wlt safeguording the ossets of the Charity ond hence for toking re ond other Irregulorities. records thot ore sufficient to show and exploin the ol ony time the financial p051tion of the ChorSty ond the Componies Act 2006. They are olso respon3ible for sonoble steps for the prevenliop uno detectiori ol fruud Approved by order of ihe members of the boord of Trustees o 17 December 2024 ond signed on their beholl by.. P Degn Trustee Poge 4
Mackworth Estate Commvnity Association Limlted (A Compony Llmited by Guarontee) Independent Examiner's Report For the Year Ended 31 Morch 2024 Independent Examiner's Report to the Trustees of Mockworth Estote Community Association Limited Cthe Chorlty,) I report to the chor1ty Trustees on my exomination of the accounts of the Charity for the yeor ended 31 t4arch 2024. Responsibilities and Bosls of Report As the Tru51ees of the Chority (and its directors for the purposes of compony low) you ore responsible for the preparotion of the occounts in occordance with the requirements of the Componies Act 2006 ('the 2006 Act,). oving satisfied myself thol the occounts of the Chority ore not required to be ovdited under Part 16 of the 2006 Act ond are eligible for independent exominotion, I report in respect of my exominotion of the Charity's occounts corried out under secrion 145 of the Chorities Act 2011 ('the 2011 Act,). In corrying out my exomination I hove followed the Directions given by the Chority Commission under section 145(5)(b) of the 2011 Act. Independent Examiner's Statement I have completed my exomination. I confirm ihot no motters hove come to my attention in connection with the exominaiion giving me couse to believe.. occounting records were not kept in respect of the Chority as required by section 386 of the 2006 Act. or the occounts do not occord with those records., or the occounts do not comply with the occounting requirements of section 396 of the 2006 Act Other thon ony requirement thot the accounts give a 'true ond foir, view which is not o motter considered os part of on independent exominotion.. or the occounts hove not been prepared in occordonce with the methods and principles of the Statement of Recommended Proctice for oecour)ting ond reporting by chorities upplicoble to chorities preporing their occounts in occordonce with the Financiol Reporting Siondord opplicable in the U K and Republic of Ireland (FRS 102) 1 hove no corncerns and have come across no other motters in connection with the exominotion to which ottention should be drown in this report in order to enable o proper understonding of the occounts to be reoched. This report is mode solely to the Chority's Trustees. os o body. in occordonce with Port 4 of the Chorities (Accounts ond Reports) Regulotions 2008. My work hos been un(iertoken so ihot I might stote to the Chority's Trustees those motters I om required to stote to them in on Independent Examiner's Report ond for no other purpose. To the fullest extent permitted by low. I do not occept or ossume responsibility to onyone other thon the Chority ond the Charity's Trusiees os o body, for my work or for this report. Signed.. Dated.. 17 December 2024 Mark Gurney FCCA PChA Doins Audit Limited 8irminghom Poge S
Mackworth Estate Community Associatlon Limited (A Company Limited by Guarantee) Statement of financial activities (incorporoting income and expenditure occount) For the Year Ended 51 March 2024 Unrestricted fvnds 2024 Totol funds 2024 Totol funds 2023 Note Income from: Donations ond legocie5 3.783 3.783 Charitob1e octivities 38.994 38,994 72,304 Other troding activities 27.065 27.065 34,802 69.842 69.842 112.217 Total Income Expenditure on.. Raising funds 72,051 72.051 106,603 106.603 Total expénditvre 72.051 72.051 Net movement in funds (2,209) (2.209) 5,614 Reconciliotion of funds- Tolol f unds brought forword Net movement in funds 51.424 31.424 25.810 (2.209) (2.209) 5,614 Total funds Corried forward 29,215 29.215 31,424 The Stotement of Finoncial Activities includes oll gains ond losses recognised in the year. The notes on pages 8 to 16 form part of these finonciol stotements. Poge 6
Mockworth Estote Community Association Limlted (A Company Llmited by Guorantee) Registered nvmber: 06802004 Bulonce Sheet As ot 31 March 2024 2024 2023 Note Fixed ossets Tongible ossets Current ossets 10 15.488 20,830 Cash ot bonk ancl in hond 16.141 12.995 Credttors.. omovnts folling due within one yeor (2.414) (2.401) Net current assets 13,727 10.594 Totol net ossets | 29.215 31.424 Charity funds Unrestricted funds 12 29.215 31.424 Total funds 29.215 31,424 The Chorlty wos enlitled to exernption from oudit under section 77 of the Componle5 Act 2006. The members hove not required the compony to obtoin on oud of Componies Act 2006. t for the yeor in.question in accordonce with sectlon 476 The Trustee5 ocknowledge their responsibilities for complyi occountlng records ond preporolion of finonciol slotements. g wlth the requirements of the Act with respea to The finonciol stolements hove been prepored in occordonce smoll componies regime. ith the provisions opplicoble lo entities subject .to the The financiol 5totemenls were approved ond ouihorised for iss thelr behalf by.. e by the Trustees on 17 December 2024 and signed on P Dean Trvslee The notes on pages 8 to 16 form port of these finonciol stateme ts. Poge 7
Mackworth Estate Commvnity Association Limited (A Company Limited by Guarantee) Notes to the Finoncial Statements For the Yeor Ended 31 Morch 2024 General information r4ockworth Estote Community Association Limited is a private company, limited by guorontee ond incorporoted in Englond ond Woles The Compony's registered office is Mockworth Estote Community Holl, Si Froncis Church. Prince Chorles Avenue. Derby DE22 4FN. The noture of the Compor)y's operotions and principol octivlties ore given in the Trustees, Report. Accounting pollcies 2.1 8asis of preparotion of financial stotements The finonciol stolements hove been prepored in occordonce with the Charities SORP (FRS 102) Accounting and Reporting by Chorities". Stotement of Recommended Proctice opplicable to chorities preparing their occounts in accordonce with the Finoncial Reportlng Stondord opplicoble in the UK ond Republic of Irelond (FFIS 102) (effective 1 Jonuory 2019). the Finonciol Reporting Stondard opplicoble in the UK and RepubSic of Irelond (FRS 102) and the Componies Act 2006. Mackworth Estole Community Association Limited meets ihe definition of o public benefit entity under FAS 102. Assets ond liobilities ore ir)itiolly recognised at historicol cost or tronsoction volue unless othetwise stoted in the relevant accounting policy. 2.2 Going concern The Trustees assess whether the Lise of going concerr, is appropriate. tha", is. whether there ore ony moleriol uncertointies related to events or conditions thot moy cost significont doubt on the obility of the choritu to continue os o going concern. The Trustees moke Inis ossessment In respect of o period of ol leost one yeor from the date of avthorisation for issue of the finonciol statements and hove concluded that the chority hos odequate resource5 to continue in operotional existence for the foreseeoble f ulure ond there are no moteriol uncertointies obout the chority s obility to continue os o going concern, thu5 they continue to adopt the going concern bosis of occouniing in preporing the financial slotements. Page 8
Mackworth Estate Community Assoclation Limited (A Company Limited by Guarontee) Notes to the Finoncial Stotement5 For the Year Ended 51 March 2024 Accovnting policles (continued) 2.3 Income All income is recognised once the Chority hos entitlement to the income. it Is proboble thot the income will be received ond the omovnl of income receivoble can be meosured reliably. Gronts ore included in the Statement of Finonciol Activities on o receivoble bosis. The balonce of income received for specific purposes bui not expended duririij the period is shown in the relevont funds on the Balonce Sheet Where income Is received in advonce of entitlement of receipt, it5 recognition is deferred ond included In creditors os deferred income. Where entitlement occurs before Income is received. the income is occrued. Gifts in kind donoted for distribution ore included at voluotion ond recognlsed os income when they ore distributed to the projects. Gifts donated for resule ore included as income when they ore sold. Income lox recoveroble in relation to donotions received under Gift Aid or deeds of covenont is recognised ot the time of ihe donation. Income tox recoverable in relotion to investment income Is .'ecognised ot the time the Investment income is receivoble. Other income Is recognised in the period in which il is receivable ond to the extent the goods hove been provided or on completion of the service. 2.4 Expenditvre Expenditure is recognised once there is a legal or constructive obligotion to tronsfer economic benefit to a third party, it is proboble Ihot o tronsfer of economic benefiis will be required in settlement ond the omounl of the obligation can be me05ured reliobly. Exoenditure is clossified by octivity. The costs of eoch octivity ore made up of the total of direct costs ond shored costs. including support costs involved in undertoking eoch activity. Direct Costs ottributoble to o single activity ore allocoted direcily to thot octivity. Shored costs whlch contribute lo more thon one octivity ond support costs which ore not attributoble 10 o single activity ore apportioned between those octivities on o basis consistent with the use of resources. Central 51off cost5 are ollocoted on the basis of time spent. ond depreciotion chorges allocoted on the portion of the osset's use Expenditure on raising fu'nds includes oll expenditure incurred by the Chority lo :oise funds for lis choritoble purposes ond includes costs of oll fundroising octivities events ond non-chariloble troding. All expenditure is inclusive of irrecoveroble VAT. 2.5 Government gronts GDvernment gronts relating to tongible fixed ossels ore treoled 05 deferrecl income and releosed to the Stotement of Finonciol Activities over the expected usesul lives of the assets concerned. other gronts ore credited to the Statement of Finonciol Activities os the reloled expenditure is incurred. Poge 9
Mockworth Estate Community Association Limited (A Company Limited by Guarantee) Notes to the Financial Stotements For the Year Ended 31 March 2024 Accounting policies (continued) 2.6 Tongible flxed ossets ond depreciation Tongible fixed ossels costing £100 or more ore copitolised ond recognised when future economic benefits are proboble ond the cost or volue of the asset can be meosured reliobly. Tongible fixed assets ore Initiolly recognised al Cost After recognition. under the cost model tangible fixed ossels ore meosured ai cost less accumvloted depreciotion ond ony occumuloted impoirmenl losses. All costs Incurred to bring o tangible f Ixed osset into Its intended working condition should be included in the measurement of cost Depreciolion is chorged so os to ollocote the cost of tongible fixed ossets less their residuol volue over their estimated useful lives, Depreciotion is provided on the following bosis-. Plont ond machinery Computer equipment 25Q/o Reducing bolonce 33Yo Stroighl-lir)e 2.7 Cash at bank and in hand Cosh ot bonk ond in hond includes cosh ond short-term highly liquid investment5 Wlth o short moturity of three months or less from ihe dole of ocquisition or opening of the deposit or similor account. 2.8 Liobllities ond provisions Liob,'lities ore recognised when there is on obligotion ot the Bolor)ce Sheet dole os o result of o post event, it Is probable thot o tronsfer of economic benefit will be required in settlement. and the omount of the settlement con be eslimoted reliably. Llabilities ore recognised al the omovnt thot the Chorily onticipotes it will poy to settle the debt or the omount it hos received os odvonced poyments for the goods or servbces il must provide Provisions ore meosured ot the best estimate of the amounts required to settle the obligation. Where the effect of the time volue of money is moteriol. the provision is bosed on the presenl volue of those omounts, discounted ot the pre-tax discount role that reflects the risk5 specific to the liobility. The unwinding of the discaunl is recognised In the Siotement of Finonciol Activities as o finance cost. 2.9 Financiol instruments The Chority only hos finonciol ossets and finonciol liobilities of a kind thot quolify as bosic finoncial instruments. Bosic financiol instruments ore initially recognised ot transaction volue ond subsequently measured at their settlement volue with the exception of bonk loons which ore subsequently measured at omortised cost using the effective interest method. Poge 10
Mackworth Estote Community Assoclation Limited (A Company Limited by Guorontee) Notes to the Financial Statement5 For the Yeor Ended 31 March 2024 Accovnting policles (continued) 2.10 Fund accounting Generol funds ore unrestricted fvnds which ore ovailoble for use ot the discretion of the Trustees in furtherance of th.e general objectives of the Chority and which hove not been designoled for other purposes. Income from donation5 ond legacies Unrestrlcted funds 2024 Total funds 2024 Totol f unds 2023 Donations 403 403 3.411 Derby Cily Council gronts 3.380 3,380 1,700 3,783 3.783 5.111 Totol 2023 5.111 5.111 Poge 11
Mockworth E5tote Community Association Limited (A Company Llmited by Guarantee) Notes to the Financial Stotements For the Yeor Ended 31 March 2024 Income from charitoble octivities Unrestricted funds 2024 Totol funds 2024 Totol funds 2023 Holl hire 38.844 58.844 71.824 Other Iroding octivlties 150 150 480 38.994 38,994 72.304 Total 2023 72,304 72,304 Income from other trading activlties Income from fundroising events Unrestricted funds 2024 Total funds 2024 Totol funds 2023 Shop income 27,065 27,065 34.802 Totol 2023 34.902 54.802 Poge 12
Mackworth Estate Commvnity Association Limited (A Compony Limited by Guarontee) Notes to the Financial Statements For the Yeor Ended 31 Morch 2024 Expenditure on raSsing funds Fundroising trading expenses Unrestricted tvnd5 2024 Total funds 2024 Totol f LJnd5 2023 Other costs 6,318 6.318 2,369 Telephone Light. heot and woter Leisure closses 976 976 2.139 12.905 12.905 16.088 901 901 2.363 1.725 1,644 nsuronce 1.725 Repoirs ond renewols Postage ond stotionory IT costs 12,940 12,940 21.497 239 239 659 288 288 288 Accountoncy fees 2.476 2.476 2.946 200 Loan interest 165 165 Cleoning 12,475 12.475 16.453 Subsistence 801 801 1.640 Donolions 1.034 1.034 5,389 Woges ond salories Depreciotion 13466 13.466 25,430 5,342 5.542 7.498 72.051 72.051 106,603 Totol 2023 106.603 106,603 Independent examineff5 remunerotion 2024 2023 Fees poyoble to the Chority's independent examiner 2,950 2.750 Poge 13
Mackworth Estate Commvnity Association Limited (A Compony Limited by Guarantee) Notes to the Financial Statements For the Year Ended 31 March 2024 Staff costs 2024 2023 Wages ond solories 13.466 25 430 The overoge number of persons emplo4ed by the Charity during th.e yeor was os follows.. 2024 2023 No. No. Averoge employees No employee received remuneration omovnting to more than £60.000 in either yeor. The total omount of employee benefits received by key monagement personnel for their service5 wos £12,654 (2023 - £23.517). Trustees. remunerotion and expenses During the yeor. no Trustees received ony remunerotion or other benefits (2023 - £NIL). During the yeor ended 31 Morch 2024. no Trustee expenses hove been incurred (2023 - £NIL). Poge 14
Mackworth Estate Community Associotion Limited (A Company Limited by Guarantee) Notes to the Finoncial Stotements For the Yeor Ended 31 March 2024 10. Tangible fixed assets Plant and machinery Computer equlpment Total Cost or voluotion At l April 2023 44.967 1,870 46.837 At 31 Morch 2024 44.967 1.870 46.837 Depreciation At 1 April 2023 Chorge for the yeor 24.322 1,685 26.007 5.162 180 5.342 Al 31 F4orch 2024 29.484 1.865 31,349 Net book value At 31 Morch 2024 15.483 15.488 At 31 Morch 2023 20.645 185 20.830 11. Creditors= Amounts folling due within one year 2024 2023 Other creditors 1.698 1.686 Accruals ond deferred income 716 715 2.414 2,401 Page 15
Mackworth Estote Community Association Limited (A Company Limited by Guorantee) Notes to the Financial Statements For the Yeor Ended 31 March 2024 12. Statement of funds Statement of funds- current year Bolonce at I April 2023 Balance at 31 Morch 2024 Income Expenditure Unrestrlrted funds Generul funds 51.424 69.842 (72.051) 29.215 Stotement of funds- prior year Bolonce ot 51 Morch 2023 Balonce at 1 April 2022 Income Expenditure Unrestrlcted funds Generol funds 25,810 112,217 (106.605) 31.424 13. Members, liability Eoch member of the choriloble company underiokes lo contribute to the ossets of the compony in the event of it being wouncj up while b,e/she is a member. or w".thin one yeor ofter he/she ceases to be a member. such omount as moy be required. not exceeding £1 for the debts and liabilities contracted before he/she ceoses to be o member. 14. Related party transactions The Chority hos noi entered Into ony reloted porty tronsoction during the yeor. nor ore there ony outstanding bolonces owing between reloted porties ond the Chority a131 March 2024. Pooe 16