**Charity Registration No. 1167307**
**Company Registration No. CE007314 (England and Wales)**
## **MOORDOWN COMMUNITY ASSOCIATION**
## **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024**
10 Bridge Street Christchurch Dorset BH23 1EF
## **MOORDOWN COMMUNITY ASSOCIATION**
## **CONTENTS**
||**Page**|
|---|---|
|Company informaton|1|
|Executve Commitee's report|2 - 5|
|Independent examiner's report|6|
|Statement of fnancial actvites|7 - 8|
|Balance sheet|9|
|Notes to the fnancial statements|10 - 20|
## **MOORDOWN COMMUNITY ASSOCIATION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Executive Committee** I Martin K Salmon G Rawlings P Lloyd (Appointed 16 October 2024) **Charity number** 1167307 **Company number** CE007314 **Registered office** 21 Coronation Avenue Bournemouth Dorset England BH9 1TW **Independent examiner** TC Group 10 Bridge Street Christchurch Dorset BH23 1EF
- 1 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **EXECUTIVE COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The executive committee presents its annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
The objects of the charitable company are to:
- Promote the benefit of the inhabitants of Moordown and the neighbourhood together defined by the Postal codes of BH8, BH9 and BH10 without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together with said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
- Establish, or to secure the establishment of, a Community Centre (hereafter called 'the Centre') and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.
- Promote such other charitable purposes as may from time to time be determined.
The association shall be non-party in politics and non-sectarian in religion.
There has been no change in the policies adopted in furtherance of these objects during the year.
## **Public benefit**
The trustees are mindful of the requirements for meeting the public benefit test. The establishment of the community centre and its maintenance and management provides access for the local community to a range of benefits including education, social welfare and recreation to improve the lives of that community. It is felt this satisfies such criteria.
The executive committee has paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Voluntary assistance**
Voluntary assistance was provided throughout the year. Such assistance has been essential to the running of the charity particularly in fulfilling the objects of the charity.
No financial value has been placed on the services of volunteers as it is considered this value would be too hard to quantify.
- 2 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **EXECUTIVE COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Achievements and performance**
## 2024 Accounts Chairman’s Report
## Introducton
This year has been a challenging one as we have worked hard to increase room hire and usage of the Centre to ensure that more income is generated. We are immensely proud of our achievements. We continue to uphold our mission statement “Working together for our Community” to provide a welcoming, safe, and vibrant Community Centre for the residents of Moordown and the local area.
## Community Engagement and Actvites
Over the year, a range of new classes & activities have been introduced into the Community Centre including the BCP run Skills to Foster programme & free digital skills classes, children’s keyboard classes, chair exercise classes, a summer Art workshop & beginners line dancing. We have also hosted a flu & vaccination centre, NHS Steps to Wellbeing one on ones and group classes for those suffering from stress & anxiety & several rooms have been used by alternative education providers for school age children. The centre was even used as a film location by Bournemouth University students for their graduate film project. We are delighted to see how much the Centre has grown over the year.
## Support & Volunteering
Our dedicated team of volunteers continue to be an asset to the Centre & provide a friendly face & good conversation for our customers. We have also had several young people join us to complete the volunteering section for their Duke of Edinburgh awards, assisting in the café, helping us with social media, decorating the Centre ready for Christmas and we continue to have a team of work experience students from Bournemouth & Poole College who bake, garden and clean. We have also welcomed the “Bread bin” Community bakery this year which is providing our visitors and residents of Moordown with bakery products for free or a small donation & is part of BCPs “Access to food” scheme.
## Financial Overview
We have seen our income from room hire increase by 27.8% this year from £78,331 to £100,097 & the café has generated an income of £22,297 this year which is an increase of 53% on last year. Although our fuel bills continue to be high, we have been able to reduce the costs following the installation of the boiler controls and our solar water heater has been fixed so we are now seeing the benefits of free hot water. We continue to fundraise where we can including donations received from the sale of books, jigsaws, toys, and crafts which have been given to the centre, the annual craft fair & donations from the Unising concert in March.
## Looking Ahead
The Centre is behind on its responsibility to carry out its regular redecoration plans but we hope to secure funding to replace the carpets in the café, reception area and corridors and update the IT system as well as starting to redecorate the café.
## Thanks and Acknowledgements
I extend my heartfelt thanks to all staff, volunteers, committee members, and supporters of the Moordown Community Centre. Your hard work and dedication make our achievements possible.
Ian Martin Trustee and Chairman
- 3 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **EXECUTIVE COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Financial review**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The executive committee consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Free reserves, those reserves not tied up in fixed assets, designated reserves and restricted reserves are maintained for ongoing refurbishment. Due to increasing costs commensurate with activities and legislation, free reserves are held to meet potential risks.
## **Investment policy**
There are no restrictions on the charity's power to invest. The unrestricted funds may be invested in any type of investment. The investment strategy of the charity is low risk.
The executive committee has assessed the major risks to which the charity is exposed, and is satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The association was established by constitution dated 30 November 1998 by the Moordown Community Association, and is registered with the Charity Commission; No. 1075416, dated 10 May 1999. The charity's address is the Moordown Community Centre, Coronation Avenue, Bournemouth, BH9 1TW.
As of 1 January 2017 the assets and undertakings of the Moordown Community Association Charitable Trust (charity number 1075416) were transferred to Moordown Community Association CIO (charitable incorporated organisation number 1167307) in accordance with minuted board decision of 13 January 2016 and the requirements of the dissolution section paragraph 15 of the governing document of Moordown Community Association Charitable Trust.
The members of the executive committee, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
|I Martn||
|---|---|
|B Rowbotham|(Resigned 8 May 2024)|
|S Wilkinson|(Resigned 16 December 2024)|
|K Salmon||
|G Rawlings||
|P Lloyd|(Appointed 16 October 2024)|
The members of the executive committee during the period under review and their appointing body where appropriate are stated in the LEGAL AND ADMINISTRATIVE section above under the heading Trustees.
Executive committee members are elected on an annual basis, with the officers being elected for membership of the executive committee.
None of the members of the executive committee has any beneficial interest in the company. All of the members of the executive committee are members of the company.
- 4 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **EXECUTIVE COMMITTEE'S REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Organisational Structure of Moordown Community Centre**
Approximately 15 Volunteers l 7 Part time paid staff l 1 Centre Manager l Management Committee l 4 Executive Committee members (Trustees for Moordown Community Centre)
## **Induction and training of trustees**
The 'Essential Trustee' document is made available to new trustees.
## **Related parties**
The charity has a close working relationship with Bournemouth Borough Council, which in the past has provided grant funding and donations for the furtherance of the charity's objects. The charity pays a peppercorn rent for the lease of the premises to Bournemouth Borough Council.
Users of the community centre have where necessary installed their own equipment at the premises for their required activity only. Such equipment is excluded from the financial statements, as it has not been donated to the charity. The charity trustees do not act as custodian trustees nor do they have a responsibility for such assets.
For further disclosure see the notes in the financial statements.
The executive committee's report was approved by the Executive Committee.
## **I Martin**
Trustee Dated: 21 October 2025
- 5 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE EXECUTIVE COMMITTEE OF MOORDOWN COMMUNITY ASSOCIATION**
I report to the executive committee on my examination of the financial statements of Moordown Community Association (the charity) for the year ended 31 December 2024.
## **Responsibilities and basis of report**
As the executive committee of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to 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 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 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 true and fair view which is not a matter considered as part of an independent examination; or
- 4 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 (FRS 102).
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 financial statements to be reached.
James Paget FCCA on behalf of
## **TC Group**
10 Bridge Street Christchurch Dorset BH23 1EF
Dated: 23 October 2025
- 6 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Current financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income from:**
Donatons and legacies
**2**
321
-
Charitable actvites
**3**
100,097
-
Other trading actvites
**4**
22,312
2,650
Investments
**5**
800
-
**Total income**
123,530
2,650
**Expenditure on:**
Raising funds
**6**
7,075
-
Charitable actvites
**7**
122,595
-
**Total resources expended**
129,670
-
**Net (expenditure)/income for the year/**
**Net movement in funds**
(6,140)
2,650
Fund balances at 1 January 2024
27,786
34,622
**Fund balances at 31 December 2024**
21,646
37,272|**Total**
**2024**
**£**
321
100,097
24,962
800
126,180
7,075
122,595
129,670
(3,490)
62,408
58,918|**Total**
**2023**
**£**
1,074
78,331
17,661
283
97,349
5,155
125,847
131,002
(33,653)
96,061
62,408|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **Prior financial year**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donatons and legacies
**2**
241
833
Charitable actvites
**3**
78,331
-
Other trading actvites
**4**
14,860
2,801
Investments
**5**
283
-
**Total income**
93,715
3,634
**Expenditure on:**
Raising funds
**6**
5,155
-
Charitable actvites
**7**
125,847
-
**Total resources expended**
131,002
-
**Net (expenditure)/income for the year/**
**Net movement in funds**
(37,287)
3,634
Fund balances at 1 January 2023
65,073
30,988
**Fund balances at 31 December 2023**
27,786
34,622|**Total**
**2023**
**£**
1,074
78,331
17,661
283
97,349
5,155
125,847
131,002
(33,653)
96,061
62,408|
|---|---|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 8 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **BALANCE SHEET**
## _**AS AT 31 DECEMBER 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**13**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilites**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2024**
**£**
2,386
63,147
65,533
(8,087)|**£**
1,472
57,446
58,918
37,272
21,646
58,918|**2023**
**£**
4,122
63,852
67,974
(7,531)|**£**
1,965
60,443|
|---|---|---|---|---|
|||||62,408|
|||||34,622
27,786|
|||||62,408|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to 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 regime.
The financial statements were approved by the Executive Committee on 21 October 2025
|I Martn|G Rawlings|
|---|---|
|**Trustee**|**Trustee**|
|**Company Registraton No. CE007314**||
- 9 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
Moordown Community Association is a private company limited by guarantee incorporated in England and Wales. The registered office is 21 Coronation Avenue, Bournemouth, Dorset, BH9 1TW, England.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest pound.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the executive committee in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.3 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 10 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.4 Resources expended**
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 insettlement 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.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
## **1.5 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
|Leasehold land and buildings|25% on reducing balance|
|---|---|
|Fixtures and ftngs|25% on reducing balance|
|Computers|25% on reducing balance|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.6 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.7 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
## **1.8 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.9 Debtors**
Trade and other debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.
- 11 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.10 Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.
## **1.11 Donated services and facilites**
Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
The time of volunteers is not recognised, refer to the trustees' annual report for more information about their contribution.
## **2 Donations and legacies**
|**Unrestricted Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
Donatons and memberships
321
241
-
Grants receivable
-
-
833
321
241
833
**Charitable actvites**
**2024**
**£**
Room hire and entrance fees
100,097|**Total**
**2023**
**£**
241
833|
|---|---|
||1,074|
||**2023**
**£**
78,331|
## **3 Charitable activities**
- 12 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Other trading activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
Fundraising events
-
2,650
Cafeteria and
refreshment income
22,297
-
Phone, fax and copier
takings
15
-
Other trading actvites
22,312
2,650|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
2,650
-
2,801
22,297
14,576
-
15
284
-
24,962
14,860
2,801|**Total**
**2023**
**£**
2,801
14,576
284|
|---|---|---|
|||17,661|
## **5 Investments**
|**6**|**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Bank interest
800
283|**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Bank interest
800
283|**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Bank interest
800
283|
|---|---|---|---|
|||||
||**Raising funds**|||
||**Unrestricted Unrestricted**
**funds**
**funds**
**2024**
**2023**
**£**
**£**
Trading costs
Cafeteria cost of sales
7,075
5,155
7,075
5,155|||
||||5,155|
- 13 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Charitable activity costs**
|Depreciaton and impairment
Rates and water
Insurance
Light and heat
Repairs and renewals
Garden expenses
Cleaning and laundry
Licenses
Subscriptons
Share of support costs (see note 8)
Share of governance costs (see note 8)|**2024**
**£**
492
1,889
2,716
18,345
4,123
646
3,821
1,648
274
33,954
82,737
5,904
122,595|**2023**
**£**
655
2,863
2,063
19,622
3,851
460
4,587
749
1,022|
|---|---|---|
|||35,872
83,495
6,480|
|||125,847|
## **8 Support costs**
|Staf costs
Telephone
Printng, postage and
statonery
Sundries
Computer and website
expenses
Bank charges
Accountancy fees|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
77,865
-
1,813
-
500
-
247
-
1,877
-
435
-
-
5,904
82,737
5,904|**2024**
**£**
77,865
1,813
500
247
1,877
435
5,904
88,641|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
79,721
-
793
-
733
-
576
-
1,393
-
279
-
-
6,480
83,495
6,480|**2023**
**£**
79,721
793
733
576
1,393
279
6,480|
|---|---|---|---|---|
|||||89,975|
- 14 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**9**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated afer charging/(creditng):|||
||Depreciaton of owned tangible fxed assets|492|655|
## **10 Executive Committee**
None of the executive committee (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **11 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
||8|10|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|76,833|79,104|
|Other pension costs|1,032|617|
||77,865|79,721|
Key management personnel gross salary £22,664.
There were no employees whose annual remuneration was more than £60,000.
## **12 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 15 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**13**
**Tangible fxed assets**
**Leasehold land**
**and buildings**
**Fixtures and**
**ftngs**
**£**
**£**
**Cost**
At 1 January 2024
88,990
42,112
At 31 December 2024
88,990
42,112
**Depreciaton and impairment**
At 1 January 2024
87,934
41,542
Depreciaton charged in the year
264
143
At 31 December 2024
88,198
41,685
**Carrying amount**
At 31 December 2024
792
427
At 31 December 2023
1,056
571
**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**15**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income||**Computers**
**£**
10,433
10,433
10,095
85
10,180
253
338
**2024**
**£**
1,446
940
2,386
**2024**
**£**
2,802
181
5,104
8,087|**Total**
**£**
141,535|
|---|---|---|---|
||||141,535|
||||139,571
492|
||||140,063|
||||1,472|
||||1,965|
||||**2023**
**£**
3,173
949|
||||4,122|
||||**2023**
**£**
951
-
6,580|
||||7,531|
- 16 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**16**|**Retrement beneft schemes**|||
|---|---|---|---|
|||**2024**|**2023**|
||**Defned contributon schemes**|**£**|**£**|
||Charge to proft or loss in respect of defned contributon schemes|1,032|617|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
- 17 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **17 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
||||Movement in||Movement in||
|---|---|---|---|---|---|---|
||||funds||funds||
|||**Balance at**|**Incoming**|**Balance at**|**Incoming**|
**Balance at**|
||**1**|**January 2023**|**resources**|**1 January 2024**|**resources**|**31 December 2024**|
|||**£**|**£**|**£**|**£**|**£**|
|Washroom Fund||30,988|3,634|34,622|2,650|37,272|
The restricted fund represents donations and fundraising income for the future refurbishment of the community centre washrooms.
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
||**At 1 January**|**Incoming**|**Resources**|**At 31**|
|---|---|---|---|---|
||**2024**|**resources**|**expended**|**December**|
|||||**2024**|
||**£**|**£**|**£**|**£**|
|General funds|27,786|123,530|(129,670)|21,646|
|**Previous year:**|**At 1 January**|**Incoming**|**Resources**|**At 31**|
||**2023**|**resources**|**expended**|**December**|
|||||**2023**|
||**£**|**£**|**£**|**£**|
|General funds|65,073|93,715|(131,002)|27,786|
- 18 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **19 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Tangible assets
1,472
-
Current assets/(liabilites)
20,174
37,272
21,646
37,272
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
1,965
-
Current assets/(liabilites)
25,821
34,622
27,786
34,622|**Total**
**2024**
**£**
1,472
57,446|
|---|---|
||58,918|
||**Total**
**2023**
**£**
1,965
60,443|
||62,408|
## **20 Operating lease commitments**
The charity leases a photocopier on an annual rolling contract. Rentals are £76 per quarter.
- 19 -
## **MOORDOWN COMMUNITY ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **21 Related party transactions**
The charity has a close working relationship with Bournemouth Borough Council, which has provided grant funding and donations for the furtherance of the charity's objects in years previous to the CIO.
The charity pays a peppercorn rent to the Council for the premises. As this amount is not material to the financial statements, no separate disclosure of the operating lease has been made.
Users of the community centre have where necessary installed their own equipment at the premises for their required activity only. Such equipment is excluded from the financial statements, as the assets have not been donated. The charity trustees do not act as custodian trustees nor do they have responsibility for such assets.
- 20 -