How to edit and delete a moment
To edit a moment simply navigate to the day in which the moment belongs and tap the pencil icon in the toolbar:

This will display the 'Edit' and 'Delete' buttons underneath the moments in that day.
To edit:
Tap the 'Edit' button, make the changes you require and then tap 'Save' to confirm the changes.
To delete:
Tap the 'Delete' button. You will be prompted to confirm.