**REGISTERED CHARITY NUMBER: 1048838** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2021** ## **for** ## **Morley Elderly Action** KJA Kilner Johnson Ltd Network House West 26 Stubs Beck Lane Cleckheaton West Yorkshire BD19 4TT **Morley Elderly Action** ## **Contents of the Financial Statements for the Year Ended 31 March 2021** |||**Page**|| |---|---|---|---| |**Reference and Administrative Details**||1|| |**Report of the Trustees**|2|to|3| |**Independent Examiner's Report**||4|| |**Statement of Financial Activities**||5|| |**Balance Sheet**||6|| |**Notes to the Financial Statements**|7|to|11| |**Detailed Statement of Financial Activities**|12|to|13| **Morley Elderly Action** **Reference and Administrative Details for the Year Ended 31 March 2021** |**TRUSTEES**|S Varley Chair| |---|---| ||M Sidgwick Secretary| ||C Cooper| ||Cllr J Elliott| ||Cllr T Leadley| ||A Lynch| ||S Twohey Treasurer| |**PRINCIPAL ADDRESS**|Wesley House| ||32 Wesley Street| ||Morley| ||Leeds| ||West Yorkshire| ||LS27 9ED| |**REGISTERED CHARITY**|1048838| |**NUMBER**|| |**INDEPENDENT EXAMINER**|KJA Kilner Johnson Ltd| ||Network House| ||West 26| ||Stubs Beck Lane| ||Cleckheaton| ||West Yorkshire| ||BD19 4TT| |**PROJECT MANAGER**|Carole Law| |**BANKERS**|Virgin Money| ||1 The Penny Hill Centre| ||Church Street| ||Hunslet| ||Leeds| ||LS10 2AP| ||Lloyds TSB| ||75 Commercial Street| ||Batley| ||West Yorkshire| ||WF17 5EQ| 1 ## **Morley Elderly Action** ## **Report of the Trustees for the Year Ended 31 March 2021** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** Morley Elderly Action was formed as a charity no. 1048838 in 1995 under the original title of Greater Morley Community Care Project and subsequently registered a name change to Morley Elderly Action in 1998. We were established to promote the relief of the elderly within the Greater Morley district of Leeds (the area of benefit) in any manner deemed by law to be charitable. Our Mission Statement is 'To assist the over 60s to live independently at home' and we achieve this by a wide range of services including: Advocacy, Community Tea Rooms, Craft Group, Games/quizzes, Gardening, General Help and Advice, Home Visits, Lunch Clubs, a Memory Café for Dementia Clients, a Men's group, Newsletters, Sign Posting, Town Hall Coffee Mornings, Trades Lists, access once a month to a solicitor for free ½ hour legal advice, access to a benefits advisor and a once a year courtesy call to all members. Morley Elderly Action is a member of the Leeds Older People's Forum and operates under a Neighbourhood Network Service Contract with Leeds City Council's Adult Social Care. We are an associate member of Voluntary Action Leeds and Advocacy Network Leeds and we work in partnership with Schools, the Police and the Fire Service and with other faith, statutory and voluntary organisations to achieve our objectives. We have 1,595 members, who pay £6.00 per year, and who receive newsletters and a trades list but we also serve the general public (the over 60s of Greater Morley) so that services are not restricted to members alone. Our services are delivered by 4 full time staff and 55 Volunteers who on an annual basis (prior to Covid 19 outbreak) contribute over 10,000 hours of voluntary input. In undertaking the above noted activities, the trustees have had due regard to the guidance issued by the Charity Commission on public benefit. ## **ACHIEVEMENT AND PERFORMANCE** Morley Elderly Action continues to expand its range of activities and services. Figures for 31 March 2020: |No. of members/service users|1,595| |---|---| |No. of volunteers|55| |Volunteer hours contributed per year|Normally over 10,000 (n/a in 2020-21due to Covid 19)| |Households benefitting with a garden service (1)|348| |Total recorded services (2)|15,300| Notes: (1) Including other wards (2) Includes Newsletters and Trades Lists ## **FINANCIAL REVIEW** In 2011 Leeds City Council finally completed the first Neighbourhood Networks Support for Older People Contract. A new five year Contract started on 1st September 2018 with the possibility of a further five years added on by the council. The reserves policy is to have a reserve of 12 months costs, represented by a sum invested of approximately £25,000 and to keep a minimum of £50,000 in the general account. A budget has also been put into place by the management committee of £10,000 to maintain the upkeep of the building. The fall-out from the global credit crunch has adversely affected the investment portion of our reserve portfolio although this will eventually bounce back. 2 **Morley Elderly Action** ## **Report of the Trustees for the Year Ended 31 March 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** Management Committee Trustees are elected at the Annual General Meeting and/or if mid-term co-opted to bring in specialist skills or knowledge and confirmed in post at the next AGM. The Committee shall consist of not more than 8 members elected by the membership at each Annual General Meeting, and representatives nominated by various statutory bodies. In addition the Committee so formed can co-opt not more than 2 additional members. The Management Committee meets 10 times a year and in addition holds an Annual General Meeting. Input is taken into account from stakeholders, volunteers, members and service users and in addition we hold sub-group meetings and carry out annual satisfaction surveys. Approved by order of the board of trustees on 3 August 2021 and signed on its behalf by: S Twohey - Trustee 3 ## **Independent Examiner's Report to the Trustees of Morley Elderly Action** ## **Independent examiner's report to the trustees of Morley Elderly Action** I report to the charity trustees on my examination of the accounts of Morley Elderly Action (the Trust) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material 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 Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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 accounts to be reached. A R Effendi KJA Kilner Johnson Ltd Network House West 26 Stubs Beck Lane Cleckheaton West Yorkshire BD19 4TT 3 August 2021 4 ## **Morley Elderly Action** ## **Statement of Financial Activities for the Year Ended 31 March 2021** |**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
9,955
**Charitable activities**
Charitable
139,817
Other trading activities
2
953
Investment income
3
889
**Total**
151,614
**EXPENDITURE ON**
**Charitable activities**
Charitable
112,472
Net gains/(losses) on investments
3,736
**NET INCOME/(EXPENDITURE)**
42,878
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
288,496
**TOTAL FUNDS CARRIED FORWARD**
331,374|**Restricted**
**funds**
**£**
252
54,967
-
-
55,219
55,531
-
(312)
110,304
109,992|**2021**
**Total**
**funds**
**£**
10,207
194,784
953
889
206,833
168,003
3,736
42,566
398,800
441,366|**2020**
**Total**
**funds**
**£**
19,093
156,200
2,873
8,349
186,515
145,096
(4,702)
36,717
362,083
398,800| |---|---|---|---| The notes form part of these financial statements 5 ## **Morley Elderly Action** ## **Balance Sheet 31 March 2021** |**Unrestricted**
**fund**
**Notes**
**£**
**FIXED ASSETS**
Tangible assets
7
130,585
**CURRENT ASSETS**
Debtors
8
-
Investments
9
23,533
Cash at bank and in hand
182,949
206,482
**CREDITORS**
Amounts falling due within one year
10
(5,693)
**NET CURRENT ASSETS**
200,789
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
331,374
**NET ASSETS**
331,374
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**Restricted**
**funds**
**£**
105,026
-
-
4,966
4,966
-
4,966
109,992
109,992|**2021**
**Total**
**funds**
**£**
235,611
-
23,533
187,915
211,448
(5,693)
205,755
441,366
441,366
331,374
109,992
441,366|**2020**
**Total**
**funds**
**£**
215,875
14,000
19,797
154,089
187,886
(4,961)
182,925
398,800
398,800
288,496
110,304
398,800| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 3 August 2021 and were signed on its behalf by: S Twohey - Trustee The notes form part of these financial statements 6 **Morley Elderly Action** ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** 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 in settlement 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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 15% on reducing balance Computer equipment - 33% on reducing balance ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. continued... 7 **Morley Elderly Action** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** ## **2. OTHER TRADING ACTIVITIES** ## **3.** |**OTHER TRADING ACTIVITIES**||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Other trading activities|953|2,873| |**INVESTMENT INCOME**||| ||**2021**|**2020**| ||**£**|**£**| |Rents received|-|7,088| |Investments|889|1,261| ||889|8,349| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. ## **5. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:|**2021**
**£**
94,733
3,940
1,783
100,456|**2020**
**£**
82,863
3,383
1,537| |---|---|---| |||87,783| |||| |Employees
No employees received emoluments in excess of £60,000.|**2021**
4|**2020**
4| |---|---|---| |||| ## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**Unrestricted**
**fund**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
18,733
**Charitable activities**
Charitable
121,448
Other trading activities
2,873
Investment income
8,349
**Total**
151,403|**Restricted**
**funds**
**£**
360
34,752
-
-
35,112|**Total**
**funds**
**£**
19,093
156,200
2,873
8,349
186,515| |---|---|---| continued... 8 ## **Morley Elderly Action** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** |**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
**Unrestricted**
**Restricted**
**fund**
**funds**
**£**
**£**
**EXPENDITURE ON**
**Charitable activities**
Charitable
110,682
34,414
Net gains/(losses) on investments
(4,702)
-
**NET INCOME**
36,019
698
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
252,477
109,606
**TOTAL FUNDS CARRIED FORWARD**
288,496
110,304
**7.**
**TANGIBLE FIXED ASSETS**
**Fixtures**
**Freehold**
**and**
**Computer**
**property**
**fittings**
**equipment**
**£**
**£**
**£**
**COST**
At 1 April 2020
207,181
7,057
14,692
Additions
23,848
260
1,316
At 31 March 2021
231,029
7,317
16,008
**DEPRECIATION**
At 1 April 2020
2,072
3,457
7,526
Charge for year
2,310
579
2,799
At 31 March 2021
4,382
4,036
10,325
**NET BOOK VALUE**
At 31 March 2021
226,647
3,281
5,683
At 31 March 2020
205,109
3,600
7,166
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2021**
**£**
Prepayments and accrued income
-|**Total**
**funds**
**£**
145,096
(4,702)
36,717
362,083
398,800
**Totals**
**£**
228,930
25,424
254,354
13,055
5,688
18,743
235,611
215,875
**2020**
**£**
14,000| |---|---| continued... 9 **Morley Elderly Action** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** |**9.**
**CURRENT ASSET INVESTMENTS**
Listed investments
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
**11.**
**MOVEMENT IN FUNDS**
**At 1.4.20**
**£**
**Unrestricted funds**
General fund
288,496
**Restricted funds**
Furniture
2,178
Property Acquisition Grants
103,160
Winter Fund
3,114
Winter Warmth
1,852
110,304
**TOTAL FUNDS**
398,800
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
151,614
(112,472)
**Restricted funds**
Gardening
55,219
(55,219)
Furniture
-
(312)
55,219
(55,531)
**TOTAL FUNDS**
206,833
(168,003)||**2021**
**£**
23,533
**2021**
**£**
217
3,790
144
1,542
5,693
**Net**
**movement**
**in funds**
**£**
42,878
(312)
-
-
-
(312)
42,566
**Gains and**
**losses**
**£**
3,736
-
-
-
3,736|| |---|---|---|---| ||||| continued... 10 **Morley Elderly Action** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2021** ## **11. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Furniture
Property Acquisition Grants
Winter Fund
Winter Warmth
**TOTAL FUNDS**|**At 1.4.19**
**£**
252,477
2,546
103,160
3,900
-
109,606
362,083|**Net**
**movement**
**in funds**
**£**
36,019
(368)
-
(786)
1,852
698
36,717|**At**
**31.3.20**
**£**
288,496
2,178
103,160
3,114
1,852| |---|---|---|---| ||||110,304| ||||398,800| Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Gardening
Furniture
Winter Fund
Winter Warmth
**TOTAL FUNDS**|**Incoming**
**resources**
**£**
151,403
33,260
-
-
1,852
35,112
186,515|**Resources**
**expended**
**£**
(110,682)
(33,260)
(368)
(786)
-
(34,414)
(145,096)|**Gains and**
**Movement**
**losses**
**in funds**
**£**
**£**
(4,702)
36,019
-
-
-
(368)
-
(786)
-
1,852
-
698
(4,702)
36,717|**Gains and**
**Movement**
**losses**
**in funds**
**£**
**£**
(4,702)
36,019
-
-
-
(368)
-
(786)
-
1,852
-
698
(4,702)
36,717| |---|---|---|---|---| |||||698| |||||36,717| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2021. 11 ## **Morley Elderly Action** |**Detailed Statement of Financial Activities**
**for the Year Ended 31 March 2021**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Other trading activities**
Other trading activities
**Investment income**
Rents received
Investments
**Charitable activities**
Leeds City Council
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Waste disposal
Computer costs
Travel & volunteer expenses
Training & subscriptions
Travel club & activities cost
Event costs
Gardening
Depreciation
Loss on disposal of assets
PAYE interest
**Support costs**
**Management**
Repairs & renewals|**2021**
**£**
10,207
953
-
889
889
139,817
54,967
194,784
206,833
94,733
3,940
1,783
1,835
2,284
3,730
1,844
6,002
140
5,190
882
1,441
2,230
158
-
3,517
15,806
5,688
-
-
151,203
14,832|**2020**
**£**
19,093
2,873
7,088
1,261| |---|---|---| |||8,349
121,448
34,752| |||156,200| |||186,515
82,863
3,383
1,537
1,793
1,550
4,030
1,661
8,010
-
1,530
1,086
1,199
1,854
379
122
4,649
16,647
4,994
944
4| |||138,235
4,521| This page does not form part of the statutory financial statements 12 ## **Morley Elderly Action** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2021** |**Management**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income before gains and losses**
**Realised recognised gains and losses**
Realised gains/(losses) on fixed asset investments
**Net income**|**2021**
**£**
1,968
168,003
38,830
3,736
42,566|**2020**
**£**
2,340
145,096
41,419
(4,702)
36,717| |---|---|---| This page does not form part of the statutory financial statements 13