CHARITY REGISTRATION NUMBER: 1044842 Action for Gipton Elderly Financial Statements 31 March 2024 BOHORUN & CO LTD Chartered Accountants & Statutory Auditors 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ Action for Gipton Elderly Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent auditor's report to the members Statement of financial activities 10 Statement of financial position 11 Notes to the financial statements 12 Action for Gipton Elderly Trustees. Annual Report Year ended 31 March 2024 The trustees present their report and the financial statements of the charity for Ihe year ended 31 March 2024. Reference and administrative details Registered charity name Action for Gipton Elderly Charity registration number 1044842 Prlncipal office 5- 11 Oaktree Drive Leeds LS8 3LJ The trustees P Diamond M Jackw M Gunby T Howson J Welsh C Bandawe C Walker Chairperson Treasurer Vice Chair Audltor Bohorun & Co Ltd D Prakash Bohorun FCCA Chartered Accountants & Stalutory Auditor 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ Structure, governance and management Investment Powers The Constitution aulhorises members of the management committee to make and hold investments using the general funds of the charity, but no such investments are presently held. Action for Gipton Elderly Trustees. Annual Report (continued) Year ended 31 March 2024 Objectives and activities Constitution, Objectives and policies Action for Gipton Elderly is governed by constitution. Its objectives are to help provide for the relief of the elderly in the Gipton Neighbourhood of Leeds, the advancement of education of the elderly and the advancement of education of the public and the promotion of research concerning the needs of the elderly. The day to day management for Action for Gipton Elderly is delegated to Karen Woloszczak, who is the Manager. Action for Gipton Elderly is a local charity serving local need and is registered to the Charity Commissions. Our aims and objectives are-. To identify the vulnerable elderly people of Gipton and Harehills. To provide advice and assistance to support their independent living within the communily. To combat fears of loneliness and lack of social contact To raise the awareness of the problems faced by the elderly To actively work to develop A.G.E as a local group serving local needs. The committee is made up of local people, with a management structure including Chair, Vice Chair, Treasurer and secretary, all decisions are pul to vote and agreed by all members of the management committee. Our constitution provides for a maximum of fifteen members of the committee including the four office posts. We are also minded to include a local elected politician who are minded to have the elderly of Giplon and Harehills at heart. The Chair and Manager are constantly reviewing candidates with whom we meet within the caring community within Gipton and Harehills. We consider it wise to include as many people from varying professionals that can bring new ideas for consideration. We are currently enjoying a progressive and settled management team who share many of the responsibilities via Sub Groups. Our main aim is to look for a hamionious and committed group to further our support for independence of the elderly we serve. Public benefit In sellling our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefil and in particular to its supplementary public benefit guidance on the advancement of health and saving of lives. The framework within which Action for Gipton Elderly, has overthe past 20 years, sought to identify and respond lo the problems of the elderly in Gipton and lo translate its aims and objectives into reality has been.. The acquisition of a property on lease from Leeds City Council and refurbished with money from the National Lollery Charities Board, to provide an excellenl well-located centre. The centre has recently been refurbished and is used by various clubs and classes such as Stroke Group, Carers Group and lunch clubs. The appoinlment of 3 dedicated professional members of staff with money principally from the Local Authorily, and various Irust companies. The recruitment of more than 20 enthusiastic volunteers including a volunteer co-ordinalor. Action for Gipton Elderly Trustees, Annual Report (continued) Year ended 31 March 2024 The establishment of a strong locally-based management committee. The weaving together of a network of relevant statutory. voluntary and religious bodies. Achievements and perfomiance During 202312024 we continued to overcome the many long term effects of the Corona Virus, Ihe year was also challenging due to the cost of living crisis and soaring energy bills having such an impact on our service users, we addressed their financial hardships by working hard to maximise the benefil system via attendance allowance, pension. winter warmth support and access various Government financial support. We have worked in partnership with NHS Leeds via Leeds OlderPeoples Forumto develop our Enhance project which has supported 82 people to have a safe and timely discharge from hospital and prevented 47 from hospital admission by direct home support. The Enhance project has been very effective in saving NHS and Social Care slaff time and resources. It's success has attracted support and funding to continue for another year. During 202312024we have claimed back for people over 98k in previously unclaimed benefits. we have provided 286 people with winter warmth packs which contain, food hampers, quilts, fleece blankets, socks, gloves, hat, thermal undewear, soups, drinking chocolate etc. We have made 522 home visits and over 1100 well-being telephone calls. Our social centre is well used by our seNice users and after lock down it is heart warming to see demand increase, providing a warm. friendly, safe and happy environment to alleviate loneliness, build new friendships and improve health and well-being. Due to popular demand we have added extra social aclivilies, including a Burton's reminiscence group and a monthly fish and chip day. We also arranged and took 20 people on a 3 day holiday to Llandudno. bryjhich was enjoyed by all. I wish to thank the staff, under the leadership of Karen, for Iheir time, knowledge and skill I would like to thank our great team of volunteers for giving their continued time, commitment and dedication to our charity,without them we would not have successfully achieved our goals in promoting independence and improving the quality of life of the elderly we serve. I wish to place on record our thanks to Leeds City Council especially Adult Social Care Commissioning Team for their continuing support. Financlal revlew Accounts and Financial Review Members of the Management Committee submit the audited financial statements for the year ended 31 March 2024. For the year to 31 March 2024. the statement of Financial Activities shows a surplus of £73,686 (2023.. £82,829). The entire surplus of £73,686 consists of unrestricted funds. Unrestricted reseNes to be carried forward to the next year are £573,542 (2023.. £499,856). Action for Gipton Elderly Trustees. Annual Report (conlinuedj Year ended 31 March 2024 Future plans We anticipate another challenging year ahead due lo the cost of living crisis we will continue to work hard at maximising the benefit system to alleviate hardship via atlendance allowance, pension credit, housing benefit. fuel allowance etc. Due to removal of Winter Fuel Payments to all elderly, except those on Pension Credil. Our priority for 202412025 is lo promote and apply to get as many as possible on Pension Credit. W8 plan to reduce social isolation and loneliness, by encouraging and supporting people to make use of our social centre and attend the various lunch clubs. classes and activities. We plan to work closely with ASC and Health serVi￿S and are delighted that the Gipton community will benefit from a new Health Hub, based at the Fearnville Sports Centre Trustees. responslbi1Stles statement The trustees are responsible for preparing the truslees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent., stale whether applicable UK Accounting Slandards have been followed. subject to any material departures disclosed and explained in the financial statements: prepare the financial slatements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time Ihe financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for laking reasonable steps for the prevention and detection of fraud and other irregularities. Action for Gipton Elderly Trustees. Annual Report {conlinuedJ Year ended 31 March 2024 The trustees, annual report was approved on the board of trustees by: and signed on behalf of P Diamond Chairperson Action for Gipton Elderly Independent Auditor's Report to the Members of Action for Gipton Elderly Year ended 31 March 2024 Opinion We have audited the financial statements of Action for Gipton Elderly (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities, statement of financial position and the related notes, including 8 summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and Uniled Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charily's affairs as al 31 March 2024 and of its incoming resources and application of resources, including ils income and expenditure, for the year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Charities Act 2011. Basls for opinlon We conducted our audit in accordance with International Standards on Audiling (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audil of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of Ihe financial statements is appropriate. Based on the work we have performed. have not identified any material uncertainties relating to events or conditions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees wilh respect to going concern are described in the relevant sections of this report. Action for Gipton Elderly Independent Auditor's Report to the Members of Action for Gipton Elderly (conlinued) Year ended 31 March 2024 Other information The other information comprises the information included in Ihe annual report, other than the financial statements and our audilorfs report Ihereon. The truslees are responsible for the other information. Our opinion on the financial statements does nol cover the other informalion and. except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibilily is to read the other information and, in doing so. consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement ofthe other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are required to report by exception In the light ofthe knowledge and understanding ofthe charity and ils environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to r8POrt in respect of the following matters in relation to which the Charities Act 2011 requires us lo report to you if, in our opinion- the information given in the trustees, report is inconsistent in any material respect with the financial statements., or adequate accounting records have not been kept: or the financial statements are not in agreement with the accounting records and returns., or we have not received all the infomiation and explanations we require for our audil. Responsibilities of trustees As explained more fully in the twstees, responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slatements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative bul to do so. Action for Gipton Elderly Independent Auditor's Report to the Members of Action for Gipton Elderly (continued) Year ended 31 March 2024 Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered malerial if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect malerial misstatements in respect of irregularities, including fraud. The exlent to which our procedures are capable of detecting irregularities, including fraud is detailed below- Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in Ihe financial statements or non compliance with regulation. This risk increases the more thal compliance with law and regulation is removed from the vents and transactions reflected in the financial statements, as we will be less likely to become aware of instance sof non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intenlional concealmenl, forgery. collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description forms part of our Report of the Auditors. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulling from error, as fraud may involve collusion, forgery. intentional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on Ihe effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the approprialeness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material Un￿rtaintY exists related to events or conditions that may casl significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainly exists. we are required to draw attention in our auditor's report lo the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up lo the date of our auditor's report. However, future events or conditions may cause the charily to cease to continue as a going concern. Action for Gipton Elderly Independent Auditor's Report to the Members of Action for Gipton Elderly (conlinued) Year ended 31 March 2024 Evaluate the overall presentation, slruclure and contenl of the financial stalements, including the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding. among other matlers, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we idenlrfy during our audit. Use of our report This report is made solely to the charity's members, as a body, in accordance wilh section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state lo the charity's members those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent permitled by law, we do not acce t or assume responsibility to anyone other than the charity and the charity's members as a body, foro udit work, for this report, or for the opinions we have formed. 514 DPra h Bohorun FCCA (Senior Statutory Auditor) For and on behalf of Bohorun & Co Ltd Chartered Accountants & Statutory Auditors 6 Howley Park Business Village Pullan Way Leeds England LS27 OBZ Action for Gipton Elderly statement of Financial Activities Year ended 31 March 2024 2024 Unrestricted funds Total funds 2023 Total funds Nole Income and endowments Donations and legacies Total income 233.305 233,305 255,396 233,305 233,305 255,396 Expenditure Expenditure on charitable activities Total expenditure 159,619 159,619 159.619 172,566 172,566 159,619 Net Income and net movement In funds 73,686 73,686 82,830 Reconclllatlon of funds Total funds brought foNard Total funds carrled foThvard 499,856 499,856 417,026 573,542 573.542 499,856 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing adivities. The notes on pages 12 to 18 form part of these financial statements. 10 Action for Gipton Elderly Statement of Financial Position 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets 10 167 334 Current assets Cash at bank and in hand 578,775 504,322 Creditors: amounts falling due within one year Net current assets 11 5,400 4,800 573,375 499,522 Total assets less current liabilities 573,542 499,856 Funds of the charity Unrestricted funds 573,542 499,856 Total charity funds 13 573,542 499,856 These fina on I statements were approved by the board of trustees and aulhorised for issue and are signed on behalf of the board by.. Diamond Chairperson The note$ on pages 12 to 18 fomi part of these flnanclal stalements. 11 Action for Gipton Elderly Notes to the Financial Ststements Year ended 31 March 2024 General Information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 5-11 Oak Tree Drive, Leeds, LS8 3LJ. Statement of Compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slatemenl 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) (Charities SORP {FRS 102)) and the Charities Act 2011. Accounting pollcles Basis of preparatlon The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of tl)e entity. Golng concern There are no material uncertainties aboul the Charit￿$ ability to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial slatements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds eaTmarf(ed 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 two sub-classes.. restricted income funds or endowment funds. 12 Action for Gipton Elderly Notes to the Financial Statements {continuedJ Year ended 31 March 2024 Accounting policies (conlinuedj Incomlng resources All incoming resources are included in the statement of financial activities when entitlement has passed lo the charity. it is 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 entillement to the gift. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the gr￿lS unless Ihis is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and seNices are recognised in Ihe 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 contracted seNice. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources 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 ofthe statement offinancial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities, events. non- charitable trading activities. 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 Ihose support costs and costs relating to the govemance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expendilure categories reflecting the use of the resource. Direct costs altribulable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cosl, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets Carried at revalued amounls are recorded at Ihe fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 13 Action for Gipton Elderly Notes to the Financial Statements (contlnued) Year ended 31 March 2024 Accounting policies (contlnued) Tangible assets (conllnued) An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying smount 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 the loss is shown within other recognised gains and losses on the statement of financial 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: Freehold property Plant and machinery Fixtures and fittings Straight line over 5 Years 20 % straight line 20 % straight line Impalrment of flxed assets A review for indicators of impairment is carried out al each reporting dale, with the recoverable amount being estimated where such indicators exist. Idvhere the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impaimient lesting, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the Cash-generaling unit to which the asset belongs. The cash-generaling unit is the smallest identifiable group of assets that includes the asset and generales cash Inflov￿ that largely independent of the cash inflows from other assets or groups of assets. For impairment testing 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 to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Flnancial Instruments A financial asset or a financial liability is recognised only when the charity becomes a party to tha contractual provisions of the instrument. Basic financial instruments are initially recognised at Ihe amounl receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash orotherconsideralion expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 14 Action for Gipton Elderly Notes to the Financial Statements (¢ontlnued) Year ended 31 March 2024 Accounting pollcies (contlnued) Flnanclal instruments (conllnued) Where investments in shares are publicly traded or their fair value can othe￿iSe be measured reliably, the investment is subsequently measured at fair value 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 initialty recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rale of interest that is not a market rale. in which case the asset is measured al the present value of the future paymenls discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value. with any changes recognised in the statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured al cost or amortised cost 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 activities in which the initial gain was recognised. For all equity inslrumenls regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. 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 previously been recognised. Deflned Contrlbutlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related Se￿1￿, the liability is measured on discounted presenl value basis. The unwinding ofthe discount is recognised as an expense in the period in which it arises. Donations and legacles Unrestricted Total Funds Unrestricled Total Funds Funds 2024 Funds 2023 Donations Donations 269 269 15 Action for Gipton Elderly Notes to the Financial Statements {contlnuedJ Year ended 31 March 2024 Donations and legacies (continued) Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Grants Grants receivable Leeds City Council 53,000 180,036 53,000 180,036 75,360 180,036 75,360 180,036 233,305 233,305 255,396 255,396 Expenditure on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Action for Gipton Elderly Wages and Salaries Support costs 39,631 114,014 5,974 39,631 114,014 5,974 36,177 131,086 5,303 36,177 131,086 5,303 172,566 159.619 159.619 172,566 Expendlture on charltable actlvlties by activlty type Activities undertaken directly Support Total funds costs 2024 Total fund 2023 Action for Gipton Elderly Wages and Salaries Governance costs 39,631 114,014 39,631 114.014 5,974 36,177 131,086 5,303 172,566 5,974 153,645 5,974 159,619 Net Income Net income is stated after chargingl(crediling): 2024 2023 Depreciation of tangible fixed assets 167 169 Staff costs The total staff costs and employee benefrts for the reporling period are analysed as follows.. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 114.014 7,023 13,730 131,086 11,161 11,063 153,310 134,767 16 Action for Gipton Elderly Notes to the Financial Statements (conlinuedj Year ended 31 March 2024 Staff costs fconllnuedj The average head count of employees during the year was 3 (2023.. 3). The average number of full-time equivalent employees during the year is analysed as follows.. 2024 No. 2023 No. Number of staff No employee received employee benefits of more than £60.000 during the year (2023: Nil). Trustee remuneration and expenses No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 10. Tanglble flxed assets Freehold property Plant and Fixtures and machinery fitlings Total Cost At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 49,281 18.561 17,038 84,880 49,281 18.561 16,704 167 84,546 167 49,281 18,561 16,871 84,713 Carrylng amount At 31 March 2024 167 167 At 31 March 2023 334 334 11. Credltors: amounts falllng due wlthln one year 2024 2023 Other creditors - desc in alcs 5,400 4,800 12. Pensions and other post retirement benefits Deflned contrlbutlon plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £13,730 (2023: £11,063). 17 Action for Gipton Elderly Notes to the Financial Statements (contlnuedj Year ended 31 March 2024 13. Analysis of charitable funds Unrestricted funds At 31 March 20 At 1 April 2023 Income Expenditure General funds 499,856 233,305 (159,619) 573,542 At 31 March 20 23 At 1 April 2022 Income Expenditure General funds 417,026 255,396 (172,566) 499.856 14. Analysis of net assets between funds Unrestricted Total Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 167 578,775 (5,400) 573,542 167 578,775 (5,400) 573,542 Unrestricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 334 504,322 (4,800) 499,856 334 504,322 {4,800) 499,856 18