REGISTERED CHARITY NUMBER: 1176592 LWIOORLANJDS CItURCH REPORT OF THE TRUSTEES AND UNAUDJTED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Xeinadin Dalton Housc 9 DaltL)n Square LANCASTER LAI IWD
MOORLANDS CHURCH CONTENTS OF TIIE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 AUGUST 2024 Page Reference and Administratlve Detalls Report of the Trustees Independent Examiner'5 Repnrt Statement of Financial A£tieS Balance Sheet Notes to tbe Financial Statements 7 to 14
MOORLANDS CHURCH REFERENCE AND ADMINISTIi4TIVE DETAILS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees Mr S J Tomlinson (resigned 3111212024) Mr D A Rurlander Mr A C Blain (resigned 301612024) Mr M T Orford Mr N P Weston Mr G D Watts Mr J H Standerwick Principal address Trinity c.ommunity Centre Middle Street LANCASTER LAI IJZ Re%lstered charity number 1176592 IDdepeThdent examiDer Xeinadin Dalton Hou%c 9 Dalion Square LANCASTER LAI IWD Bankers Cumberland Building Society 26-28 ChedP5ide St Nichola% Arcades LANCASTER LAI ILZ Page I
MOORLANDS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Thc trust¢cs prcs¢nt th¢ir rcport with th¢ financial stat¢mcnts of thc charity for thc y¢ar cnd¢d 31 August 2024. Thc trubtees hai'e adopted the provisions of Accounting and RepK)rting by Charities.. Statement of ReLommended Practice applicable to charities prep31illb their accounts. in accoidance with the Financial Reportin¥ Standaid applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019)- Objectives and activitie5 Objectives and aims The object ofmoorlands C.Iiurch is to advance the Christian Faith. to relieve peOnS who are in conditions of hardsliip or need or who are aged or sick and to relieve the di%tre88 cau%ed thereby and to promote and fiilfil such other charitable purposes beneficial to the communiiy. Significant activities The indin (ILtivilies in Felatiun tu thuse ubjeLts ure the resrylar Meetin& of the Lhurch. These inLlude the nttin ¥atheTin¥ of the church on Sunday mornings, as well as regular mid-week groups for church Inetnbers there are separate events for students, overseas students, children and young people. In addition, throughout the year the church runs various coutseb, traiiiing aiid out[e<h events. Public benefit All activities are offeTed fre£ of charge to ensure they are accessible to all, and are regularly promoted and piiblicised in thc local community. The Trustees confinn that they have complied with the requireTnents of section 4 of the ChaTitie5 Act 2011 to have due rcgard to th¢ public b¢n¢fit guidancc publish¢d by thc Charity Commission for England and Walcs. Volunteers The Church benefits from many voluntary hours and unclaimed out of w)cket expenses, contributed by a large number of people. It 'Ou]d be impossible to plt a value on these gifts in kind, for which the Ttusiees ale extieinel}' grdtetul. AchieTrement and performance Charitable activities During the course of the year the Church has run its full range of activities and each has been a source of encouiageni¢nt. The regular Sunday gathetingb of the church ha*e been well attended. both by parthers tsf the ¢huTch alld thosc cxploring thc Chri%tian Faith. The WOTk with childrcn and young pcoplc has bccn a %ourcc of cncouragcmcnt with record artendance. The student work, boih with swdents from the United Kingdom and overseas has seen many yvun¥ dnd women equipped dnd trained up, tlirough reuulai TneetIns and tetmly LunferenLes. A rdngFe ol. trdining courses on subjects such as marriage and parenting have been held as well as a reglllar English as a Secolld Language course for people living in LeaSter who have just arrived in the Lliunty. In addition, thc Church continucd thc dcvclopmcnt and rcfurbishmcnt of it% building% on High Strcct in Lanca%tcr at a cost of £961,204 during the course of the year, with the aim to expand the activities and events on offer by the Church. Staff The Charily employed Ihree full lime and ihree part lime stsff ihroughoui the year lo meet the tsbjecliiies listsd aknve. Financial revieiv Principal fuThding sources Thc Charity's principal sourc¢ of funds is voluntary donations from thc congrcgation and mcmbcrship Lif Moorlands Church, inLluding the undetlying inLome tax rebate. Funds are also received from individuals and trtt$ external to the cliarity's congregation and meillbership. Investment poli¢i' and objectives The Charity'% policy is to hi)Id %urplus fi]nd% in a High Street Building Society account to minimi8e the risk of capital losses. Page 2
MOORLANDS CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 Financial revie Reserves policy Tlie Chatity's policy is to maintain a casli balance that is sufficient to ineet the obli¥Fations of the restricted income fund5 in full and providc adcquatc covcr for gcncral rnnning co%t%. Thi% will havc thc cffcct of cnsiiring thc Cjcncral Fund remains in surplus. Free reserves at ihe year end were £702.49412023- £277.4751. Thc Charity transf¢rs fwids from thc G¢n¢ral Fund to ¢nsiw¢ no othcr fund is matcrially in dcficit. Funds ITh deficit No funds are in deficit. Future plans The Church will continue wilh its vision of sharing the Christian Faiih with people of Lancaster. In doing so it will seek to equip its ineinber5 foT a life-time of sel£e, includinbF carins, 5llPPOrtin¥, teacliit]bF and encouragFin¥ its ]nembers and tho%c from thc widcr community who takc advantagc of thc Church's activitics. To fiffthcr this vi8ion thc Church plans ro continue the devellipment and refurbishment of its buildings on High Sireet in Lancasier. Structure, governance and management Governitlgi document Th¢ charity is controll¢d by its govcrning documcnt, a dccd of trnst and constitutcs an unincorporatcd charity. The main goveming docuTnent of the Charity 15 set out in CIO document registered 9 January 2018. Reeruitment and appointment of ne trustees New Tnjstees are appointed by existing Tnistees. The needs of the ClritIeS are considered before appointing new trustees. The TnreeS rneet regularly to review management, financial and operational risk matters. Approvcd by ordcr of thc board of trnstccs on ............................................. and signcd on its bchalf by. Mr D A Rurlandcr- Trnstcc Page 3
INDEPENDENT EMMINER'S REPORT TO THE TRUSTEES OF MOORLANDS CHURCH Independent examiner's report to the trnstees of Moorlands Church I repon to Ihe charity trusiees on my examinaiion of the accounis of Moorlands Church (the Trust) for the year ended 31 AubTUSt 2024. Responslbllitfics and basls of report As the chaTity tTU5tees of the TTUSt you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act). I report in respect of my exami1tion of the Trnst's accounts carried out under Section 145 of the Act and in cart)ryng out my examination I have followed all applicable Directions given by the Chariry Commi&sion under Section 145(5)Ib) ol'the Act. Independent examiner's stgtement Since your chaTity's bTfos5 iiILOTne exceeded £250,0(M) your examiner Tnust be a member of a listed body. I can confim] that l am qualificd to und¢rtakc th¢ ¢xamination bwausc l am a mcmbcr of th¢ ASSl8t10n of Chartcrcd Ccrtificd AcLountants, whiLh is one ofthe listed bodies. I have completed my examination. I confim that no material matters have come to my attention in connection with th¢ examination giving me cause 10 believe that in any material respect.. ac¢ounting rccords wcr¢ not k¢pt in r¢spcct of th¢ Trust as rcquircd by S¢ction 130 of thc A¢t' or the accounts do not accord with thobe records,. or the accounts do not comply with tlie applicable requiremeiits concernlllb the fotm and conteiit of accounts set out in the Charities (Aecounts and Rertrorts} Regulations 200R other than any requirement that the a¢¢ounts give a true and fair iwiew which is not a matter considered as part of an independent examitmtion. I hav¢ no conccrns and hav¢ com¢ across no othcr mattcrs in ¢onn¢ction with th¢ ¢xamination to which attcntion should be drawn in this report in order to enable a proper understanding of the acLounts to be reaLhed. T M Preece F.C.C.A Xcinadin Dalton House 9 Dalton Square LANCASTER LAI IWD Datc.. Page 4
MOORLANDS CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 Total funds 2023 Total funds Unrestri¢ted funds Restricted funds Income and endowments from Donations and legacies 303,043 91,221 394,264 451,586 Investtnent incume Other income 7.418 9,393 7,418 9,393 4,496 4,969 Total 319,854 91,221 411,075 461,051 Expendithre on Charitable aetiTrities chiClI activities 264,007 23.660 287,667 297.109 NET INCOLIIE Transfers between funds 55,847 1,677,477 67,561 (1,677.477) 123,408 163,942 15 Net movement in funds 1,733,324 (1,6(19,916) 123,408 163,942 Re¢117tiQn of funds Total fLmds brought fonvard 399.354 1,618,146 2.017,500 1.853,558 Total funds earried forward 2,132.678 8,230 2,140,908 2,017,5(M) ContitLuiThg operation5 All incomc and ¢xpcnditurc has ariscn from continuing activiti¢s. The notes fonn part of these fit]ancial statements Page 5
MOORLANDS CHURCH BALANCE SIIEET 31 AUGUST 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Nnte5 Fixed assets Tangible assets 10 1,874,199 1,874,199 914,374 Current assets D¢btors Cash at bank 122,560 773.4L49 595 8,311) 123,155 781.789 67,725 1,069,696 896,049 8,895 904,9L14 1,137,421 Creditors Amounts falling due within one year (193,555) (665) (194,220) (34,295) Net current assets 702.494 8,230 710.724 1,103,126 Total assets less eurrent liabilities 2,576.693 8.230 2,584,923 2,017,5(M) Creditors ATnounts falling due after more than one year 13 (444,015) (444,015) NET ASSETS 2,132,678 8,230 2,140,908 2,017,5(M) Funds Unrestri¢ted funds Restricted tunds 15 2,132,678 399,354 1,618.146 Total funds 2.140,908 2,017,500 The fll)ancial statements were approved by the Board of Trustees and authlirised for issue and were signed un its. behalf by-. on Mr M T Orford - Tstee The notes forni part of these financial statements Page 6
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEL*IENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policie5 Basis of preparing the fin#neial statements Thc financial %tatcmcnt% of thc charity, whieh is a public bcncfit cntity undcr FRS 102, havc bccn prcparcd in accordance wilh the Ctwities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statemeni of ReLuTninfflided Practice applicable to charitie5 Plepring their account5 in aLcoTdanLe with the Financial R¢porting Standard applicable in th¢ UK and R¢publi¢ of Ir¢land (FR8 1021 {¢ffcctivc l January 20191,, Financial Reporting Siandard 102 'The Financial RepL)rting Standard applicable in ihe UK and Republic of Ireland, and the Chatitie5 Act 2011. The financial 5taternent5 have been prepared under the Iiistorical cost convention. Ineome All income is recognised in ihe Statement of Financial Activities once the charity has entitlement to the funds. it is prob(Ible that the inLume will be received the umuunt Ldn be iU[ed reliably. Expenditure Liabilities are reco¥mi5ed as expenditure as 500n a5 there 15 a legal or constructive obligation comTnitting the charity to that cxp¢nditur¢, it is probabl¢ tliat a transfcr of cconomic b¢n¢fits will b¢ rcquircd in scttlcmcnt and the amount of ihe obligaiion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under heading5 tliat a¥bTregate all cost related to the cateblory. Where costs cannot be directly attributcd to particular hcadings they havc bccn allocated to activities on a basi% consistent with thc use of resources. Grants offcr¢d subjwt to conditions which hav¢ not bccn m¢t at th¢ ycar cnd datc arc not¢d as a commitmcnt but not aLcrued as expenditure. Tangible fixed assets DepreLldtion is piovided at the following ai)nu&l rates in OTdei to Tite off &4ch asset tsver its estimated useful life. Fixtures dnd fittin¥s Motor vehicles Computer equipmenr 33 % Strait line 4/0 Reducing balanc¢ 330 Straight line Taxatio The chaiity is exempt from taK on its charitable activities. Fund accounting UnrestriLted funds can be used in accordance with tlie cl)aiitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes 1th1n the objects of the charity. Restrictions rise when speLilied by the donur 01 when tuiids are rdised fur partlLular resttiLted pu]pobes. Further explanation of the nawre and purpose of each fund is included in the noies io the financial statements. Pension cost5 and other post-retirement benefits Tl)e charily operaies a defined contribulion pension scheme. Contributions payable to the charity's pension scheine are charged to the Statement of Financial Activities in the period to which they relate. Con¢e$sionary loans Concc8%ionary loan.% includc thosc payablc to a third paty / partics which arc intcrcst frcc or bclow markct interest rates and are made io advance charitable purposes. All loans are measured ai cos¢ less impaimient. Page 7
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 DoThatlOn5 and legacies 2024 2023 Internal giving Gift aid Gift aid- building fund Church events and resources Buildin¥ fund External giving Gifts for ministy trainees Fitstftuits Foundation Graduate alunini 247,857 45,593 5,824 8,526 73,153 2,079 8,350 238,750 43,578 14,217 10,-137 124.200 2,920 10,675 4,000 2,909 2,882 394.264 451.586 Jni'e5tment intome 2024 2023 Dcposit account intcrcst Other inleresl receivable 6,819 599 4,076 420 7,418 4,496 Charitable activities costs Grant funding of activities (see note Support costs (see note 6) Direct Costs 5} Tota15 Church activities 267,835 12,117 7.715 287,667 GraDt5 payable 2024 2023 Church activities 12,117 18,318 The total grants paid to institutions duTing the year was as follows.. 2024 2023 FIEC Friends Intemational Bclgian Bible Instite NISCU Oak Hill Theolo¢41 College Church By Tlie Bay Unite Camp Crosslinks 4,296 2,750 1,531 50 2,750 1,012 2.0(M) 7,500 1,576 490 I,o(x) 10,117 18,318 Pa¥e 8
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 Support costs Governance costs FIaCe Tota15 Church activities 325 7.390 7,715 Supwrt Costs, included in the above, are as follows.. Governance costs 2024 Chureh activitie5 21123 Total activities Ind¢p¢nd¢nt ¢xamin¢rs f¢¢ Bank loan interest 2,166 5,224 1,998 7,390 1,998 Truslees, r¢muneration And benefits 2024 2023 Trustees, salaries T[steeS, social security Trustees, tEnsion contributions to money pur¢hase schemes 96,918 6,152 9,880 53.171 4,241 5,871 112,950 63,283 No Tstee received any Temuneration or had any expenses relmbued in respect of their position as Trnstees. Mr D A Rurlander, Mr J H Sianderwick & Mr N P Weston are employees of the CIO and received remuneraiion and expenses in respect of their eTnployment, for the peTiod that they were Trllstees as follows:_ Mr D A Rurlander received remuneration o1.£41.98.3 12023 - £40,-352} in respect of his employment by the CIO. The Charity made pension contributio% on behalf ofmr D A Rurlander in the sum of £5.52612023 - £4,892). Mr J H Swidenvick received reinuneration of£37,655 12023 - £5.731) in respecl ofhis employment by the CIO. The Charity made pension contribution5 on behalf of Mr J H Standerwick in the SUTll of £3,012 (2023 - £459). Mi N P Westoi) received remuneration of £17.280 {2023 £7,088) in respect of his employment by the CIO. The Charity nde pension contributions on behalf ofmr N P Weston in the sum of £1,342 (2023 - £520}. Page 9
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 Trustees remuneration and beDefits- continued Trustees, expenses There were nLI Trustees, expenses paid for the year ended 31 August 2024 nlir for the year ended 31 August 2023. Staff eosts The average monthly number of employees during the year w&s as follows: 2024 2023 Chariiable activities NLI employees received einoluinents in excess of £60,000. Comparatives for the 5tatemen¢ of financial actiirytie5 UDrestricted funds Restricted funds Totsl funds Income endowments from Donations anol legdcieb 298,676 152,910 451,586 Investment income Other inLoine 4,496 4.969 4,496 4,969 Total 308,141 152.910 461.051 Expenditure on Charitable activities Church activiiies 269,213 27.896 297.109 NET INCOME Tr&nsfers between funds 38,928 381 125,014 163,942 Net movement in fund5 39,309 124,633 163,942 Reconciliation of fund5 Total funds brought forward 360,045 1,493,513 1,853,558 Total funds carried forivard 399,354 1,618,146 2,017,500 Page 10
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 io. Tangible fixed a55ets Fixtures and rittings Freehold property Motor vchicles Computer cquipmcnt Totals Cost At I September 2023 Additions DispKJsals 912,995 961,204 5,502 8,352 4,956 931,805 961.204 18.352) (8,3521 At 31 Auguqt 2024 1,874,199 5,502 4.956 1,884,657 Depreciation At I September 2023 Charge for year Eliminatcd on dIPosal 8.120 39 (8,1591 4.956 1,147 1.186 18.159) At 31 August 2024 5,502 4,956 10,458 Net book value At 31 August 2024 1,874,199 1,874,199 At 31 August 2023 912.995 1,147 232 914,374 ii. Debtors: amounts falling due within one year 2024 2023 Other debtor8 Prepayments 116,026 7,129 58,295 9,430 123.155 67,725 12. Creditors: amounts falling due within one year 2024 2023 Bank lo( and uwerdrafts {see note 141 Concessionary loans payable (see note 14) Trade ¢reditors Acciued expenses Defeed income 5,244 5,000 48,613 134.697 666 5,0(X) 18,137 10.958 200 194,220 34.295 Pagell
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 13. Creditor5: amounts falling due after more than ODe year 2024 2023 Bank loans {see note 141 444,015 14. Loans Thc conec8sionary loan 1% intcrc8t frcc with rcpaymcnt tcrrn attachcd. The baiik loan was adN'aiiced in June 2024 and 15 repayable in installments ovet 30 year5. The bank holds a fiTSt l¢gal ¢harg¢ ovcr the land and huildings known as High qtr¢et and a floating chargc ov¢r any movcablc a8s¢ts. The secured debt is included within creditors.. 2024 202.1 Bank loans 449,259 15. Moi'ement in funds Net moi'ement in fund5 Transfers between funds At 3118124 At 119123 Unrestricted funds Gcncral fund High Sireei fund Church planting 297,094 i(x).000 2,260 55,847 352,941 1.777,477 2,260 1.677.477 399.354 55.847 1,677.477 2,132,678 Restricted funds High Street Site Mini5ty tsainees Ta'orth church plant 1.603.890 14.256 73,587 {8,9011 2,875 (1,677.477) 5.355 2,875 ,618,146 67,561 11,677,477 } 8,230 TOTAL FUNDS 2,017,500 123,408 2.140,908 Page 12
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 15. Movement in fuDds- coThtinued Net movement in tunds, included in the above are as follows.. Incoming resource5 Resources expended LlIovement in funds Unrestricted funds General fund 319,854 (264,007) 55,847 Restricted funds High Sireei Siie Ministry ttainees Tamworth church plant Training fund 78,976 8,570 2,875 8(X) 15.389) 117,471) 73.587 18.901) 2,875 18(X)) 91,221 123,660) 67,561 TOTAL FUNDS 411,075 (287,667) 123,408 Comparatlves for movement In funds Net movement in funds Transfers behvee funds At 31111123 At 119122 Unrestricted funds General fund High Stre¢t fund Church planting 307.785 50,0(X) 2.260 38,928 149,619) 50,(X)O 297,094 100,(x)o 2,260 360,045 38,928 38] 399,354 Restricted funds High Street Site Ministry trainees Crosslands 1,465,473 27,277 763 138,417 113,0211 13821 1,603,890 14,256 1381) 1.493,513 125,014 1381) 1,618,146 TOTAL FUNDS 1,853,558 163,942 2,017,5(K) Page 13
MOORLANDS CHURCH NOTES TO TIIE FINANCIAL STATEMENTS- eontinlled FOR THE YEAR ENDED 31 AUGUST 2024 15. Movement in fuDds- coThtinued Comparative net movement in funds, included in the above are as follows". Incoming resource5 Resources expeDdLYi Movement in funds UDrestricted funds General fund 308,141 (269,213) 38,928 Restricted funds High Sireei Siie Ministt). ttainees Crosslands 138,417 10,975 3,518 138,417 (13,021) (3821 123,996) 13,900) 152,910 127,896) 125,014 TOTAL FUNDS 461,051 1297,109} 163,942 The specific putposes for which the funds are to be applied kire as follows.. The building project fill)d relates to funds set aside by the Church to be used for the future development of the Hi¥h Street Site. The High Street Site fimd represents monies raised frorn donations and fundraising to develop the High Street Site. Transfers between funds Thc transfcr from rcstrictcd to Unrestrict funds rcpr¢s¢nts th¢ fixcd assct acquisition and dcvclopmcnt of thc High Street Site. As the temis of any iestricted High Street fund gift ale met once the specified asset is acquired and developed, therefore allowinb the chaTity to use the property on an unrestricted basis for any charitable purpose. 16. Related partv disc10511res Trustees and tlieir families iknade totAI donations to the charity duiiIib¥ the year in tlie suin of £56,706 12023 £40,780), of which £6,51912023 - £3,135) M'a% donated to thc rcsti'ictcd funds in ordcr for thc charity to dcvclop the High Street Site and support the Tamworth Church Plant. The Charity pays rent to a Trnstee, Mr D A Rllrlander in the suin of £14,81012023- £12,720}. Page 14