2022-03-31-accounts - Morley Elderly Action

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REGISTERED CHARITY NUMBER: 1048838

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Morley Elderly Action

KJA Kilner Johnson Ltd Network House Stubs Beck Lane Cleckheaton BD19 4TT

Morley Elderly Action

Contents of the Financial Statements for the Year Ended 31 March 2022

		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 2022

TRUSTEES Cllr T Leadley Chair M Sidgwick Secretary C Cooper Cllr J Elliott (resigned 31.3.22) S Varley (deceased 30.11.21) A Lynch S Twohey Treasurer M Hamilton (appointed 31.12.21) I Ledger (appointed 31.12.21) 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 Stubs Beck Lane Cleckheaton 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

Morley Elderly Action

Report of the Trustees for the Year Ended 31 March 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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 1,297 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 2022:

----- Start of picture text -----
No. of members/service users 1,287
No. of volunteers 55
Volunteer hours contributed per year Normally over 10,000 (n/a in 2021-22 due to Covid 19)
Households benefitting with a garden service (1) 324
Total recorded services (2) 8,247 (reduced due to Covid 19)
----- End of picture text -----

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.

Morley Elderly Action

Report of the Trustees for the Year Ended 31 March 2022

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 ............................................. and signed on its behalf by:

........................................................................

S Twohey - Trustee

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 2022.

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:

accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
the accounts do not accord with those records; or
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 Stubs Beck Lane Cleckheaton BD19 4TT

Date: .............................................

Morley Elderly Action

Statement of Financial Activities for the Year Ended 31 March 2022

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 36,165 Charitable activities Charitable 144,384 Other trading activities 2 104 Investment income 3 1,060 Total 181,713 EXPENDITURE ON Charitable activities Charitable 142,749 Net gains on investments 1,230 NET INCOME/(EXPENDITURE) 40,194 RECONCILIATION OF FUNDS Total funds brought forward 331,374 TOTAL FUNDS CARRIED FORWARD 371,568	Restricted funds £ - 16,422 - - 16,422 18,732 - (2,310) 109,992 107,682	2022 Total funds £ 36,165 160,806 104 1,060 198,135 161,481 1,230 37,884 441,366 479,250	2021 Total funds £ 10,207 194,784 953 889 206,833 168,003 3,736 42,566 398,800 441,366

The notes form part of these financial statements

Morley Elderly Action

Balance Sheet 31 March 2022

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 131,145 CURRENT ASSETS Investments 8 24,763 Cash at bank and in hand 218,802 243,565 CREDITORS Amounts falling due within one year 9 (3,142) NET CURRENT ASSETS 240,423 TOTAL ASSETS LESS CURRENT LIABILITIES 371,568 NET ASSETS 371,568 FUNDS 10 Unrestricted funds Restricted funds TOTAL FUNDS	Restricted funds £ 102,716 - 4,966 4,966 - 4,966 107,682 107,682	2022 Total funds £ 233,861 24,763 223,768 248,531 (3,142) 245,389 479,250 479,250 371,568 107,682 479,250	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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. S Twohey - Trustee

The notes form part of these financial statements

Morley Elderly Action

Notes to the Financial Statements for the Year Ended 31 March 2022

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% reducing balance Computer equipment - 33% 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...

Morley Elderly Action

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. OTHER TRADING ACTIVITIES

3.

OTHER TRADING ACTIVITIES
	2022	2021
	£	£
Other trading activities	104	953
INVESTMENT INCOME
Investments	2022 £ 1,034	2021 £ 889
Interest receivable - trading	26	-
	1,060	889

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

5. STAFF COSTS

Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Employees No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 9,955 Charitable activities Charitable 139,817 Other trading activities 953 Investment income 889 Total 151,614		2022 £ 90,668 3,865 4,549 99,082 2022 - Restricted funds £ 252 54,967 - - 55,219		2021 £ 94,733 3,940 1,783 100,456 2021 4 Total funds £ 10,207 194,784 953 889 206,833

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

EXPENDITURE ON

continued...

Morley Elderly Action

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Charitable activities Charitable Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2021 231,029 Additions - At 31 March 2022 231,029 DEPRECIATION At 1 April 2021 4,382 Charge for year 2,311 At 31 March 2022 6,693 NET BOOK VALUE At 31 March 2022 224,336 At 31 March 2021 226,647 8. CURRENT ASSET INVESTMENTS Listed investments	ACTIVITIES - continued Unrestricted Restricted fund funds £ £ 112,472 55,531 3,736 - 42,878 (312) 288,496 110,304 331,374 109,992 Fixtures and Computer fittings equipment £ £ 7,317 16,008 580 2,549 7,897 18,557 4,036 10,325 507 2,061 4,543 12,386 3,354 6,171 3,281 5,683 2022 £ 24,763	Total funds £ 168,003 3,736 42,566 398,800 441,366 Totals £ 254,354 3,129 257,483 18,743 4,879 23,622 233,861 235,611 2021 £ 23,533

continued...

Morley Elderly Action

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors Social security and other taxes Other creditors Accruals and deferred income MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Furniture Property Acquisition Grants Winter Fund Winter Warmth TOTAL FUNDS Net movement in funds, included in the above are a Unrestricted funds General fund Restricted funds Gardening Property Acquisition Grants TOTAL FUNDS	s follows: Incoming resources £ 181,713 16,422 - 16,422 198,135	At 1.4.21 £ 331,374 1,866 103,160 3,114 1,852 109,992 441,366 Resources expended £ (142,749) (16,422) (2,310) (18,732) (161,481)	2022 2021 £ £ - 216 1,942 3,790 - 144 1,200 1,543 3,142 5,693 Net movement At in funds 31.3.22 £ £ 40,194 371,568 - 1,866 (2,310) 100,850 - 3,114 - 1,852 (2,310) 107,682 37,884 479,250 Gains and Movement losses in funds £ £ 1,230 40,194 - - - (2,310) - (2,310) 1,230 37,884

10. MOVEMENT IN FUNDS

continued...

Morley Elderly Action

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. 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 1.4.20 £ 288,496 2,178 103,160 3,114 1,852 110,304 398,800	Net movement in funds £ 42,878 (312) - - - (312) 42,566	At 31.3.21 £ 331,374 1,866 103,160 3,114 1,852 109,992 441,366

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Gardening Furniture TOTAL FUNDS	Incoming resources £ 151,614 55,219 - 55,219 206,833	Resources expended £ (112,472) (55,219) (312) (55,531) (168,003)	Gains and Movement losses in funds £ £ 3,736 42,878 - - - (312) - (312) 3,736 42,566

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

Morley Elderly Action

Detailed Statement of Financial Activities for the Year Ended 31 March 2022 INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Other trading activities Other trading activities Investment income Investments Interest receivable - trading 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 Event costs Gardening Depreciation Support costs Management Repairs & renewals	2022 £ 11,165 25,000 36,165 104 1,034 26 1,060 155,686 5,120 160,806 198,135 90,668 3,865 4,549 1,840 1,996 3,034 1,694 6,585 70 5,206 1,160 1,431 1,107 179 5,231 16,422 4,878 149,915 9,726	2021 £ 10,207 - 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

This page does not form part of the statutory financial statements

Morley Elderly Action

Detailed Statement of Financial Activities for the Year Ended 31 March 2022 Management Finance Bank charges 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	2022 £ 178 1,662 161,481 36,654 1,230 37,884	2021 £ - 1,968 168,003 38,830 3,736 42,566

This page does not form part of the statutory financial statements