REGISTERED CHARITY NUMBER: 1048838
Morley Elderly Action
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
Morley Elderly Action
Contents of the Financial Statements for the Year Ended 31 March 2023
| 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 2023
TRUSTEES Cllr T Leadley Chair M Sidgwick Secretary C Cooper (resigned 31.1.23) A Lynch S Twohey Treasurer M Hamilton F Smythe (appointed 20.7.22) M Madden (appointed 29.3.23) 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
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Morley Elderly Action
Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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, Singing 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 1,359 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 3 full time staff and 52 Volunteers who on an annual basis contribute over 5,000 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:
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No. of members/service users 1,359
No. of volunteers 52
Volunteer hours contributed per year Normally over 5,000
Households benefitting with a garden service (1) 344
Total recorded services (2) 20,224
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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 a two year added in 2023..
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.
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Morley Elderly Action
Report of the Trustees for the Year Ended 31 March 2023
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
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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 2023.
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:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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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: .............................................
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Morley Elderly Action
Statement of Financial Activities for the Year Ended 31 March 2023
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 26,587 Charitable activities Charitable 135,428 Other trading activities 2 104 Investment income 3 1,151 Total 163,270 EXPENDITURE ON Raising funds 4 570 Charitable activities Charitable 178,434 Total 179,004 Net gains/(losses) on investments (1,759) NET INCOME/(EXPENDITURE) (17,493) RECONCILIATION OF FUNDS Total funds brought forward 371,568 TOTAL FUNDS CARRIED FORWARD 354,075 |
Restricted funds £ - 24,012 - - 24,012 - 26,322 26,322 (1) (2,311) 107,682 105,371 |
2023 Total funds £ 26,587 159,440 104 1,151 187,282 570 204,756 205,326 (1,760) (19,804) 479,250 459,446 |
2022 Total funds £ 36,166 160,806 104 1,060 198,136 - 161,481 161,481 1,229 37,884 441,366 479,250 |
|---|---|---|---|
The notes form part of these financial statements
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Morley Elderly Action
Balance Sheet 31 March 2023
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 128,591 CURRENT ASSETS Investments 9 23,004 Cash at bank and in hand 208,402 231,406 CREDITORS Amounts falling due within one year 10 (5,922) NET CURRENT ASSETS 225,484 TOTAL ASSETS LESS CURRENT LIABILITIES 354,075 NET ASSETS 354,075 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 100,406 - 4,966 4,966 (1) 4,965 105,371 105,371 |
2023 Total funds £ 228,997 23,004 213,368 236,372 (5,923) 230,449 459,446 459,446 354,075 105,371 459,446 |
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 |
|---|---|---|---|
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
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Morley Elderly Action
Notes to the Financial Statements for the Year Ended 31 March 2023
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.
Freehold property - 1% straight line 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...
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Morley Elderly Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | |
|---|---|---|
| 2023 2022 |
||
| £ £ |
||
| Other trading activities | 104 104 |
|
| 3. | INVESTMENT INCOME | |
| Investments | 2023 2022 £ £ 1,151 1,034 |
|
| Interest receivable | - 26 |
|
| 1,151 1,060 |
||
| 4. | RAISING FUNDS | |
| Raising donations and legacies | ||
| Support costs | 2023 2022 £ £ 570 - |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
6. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Employees |
2023 £ 84,818 2,960 4,414 92,192 2023 5 |
2022 £ 90,668 3,865 4,549 99,082 2022 6 |
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
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Morley Elderly Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Other trading activities Investment income Total EXPENDITURE ON Charitable activities Charitable Net gains on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 8. TANGIBLE FIXED ASSETS Freehold property £ COST At 1 April 2022 and 31 March 2023 231,029 DEPRECIATION At 1 April 2022 6,693 Charge for year 2,310 At 31 March 2023 9,003 NET BOOK VALUE At 31 March 2023 222,026 At 31 March 2022 224,336 |
ACTIVITIES Unrestricted Restricted fund funds £ £ 36,166 - 144,384 16,422 104 - 1,060 - 181,714 16,422 142,749 18,732 1,229 - 40,194 (2,310) 331,374 109,992 371,568 107,682 Fixtures and Computer fittings equipment £ £ 7,897 18,557 4,543 12,386 517 2,037 5,060 14,423 2,837 4,134 3,354 6,171 |
Total funds £ 36,166 160,806 104 1,060 198,136 161,481 1,229 37,884 441,366 479,250 Totals £ 257,483 23,622 4,864 28,486 228,997 233,861 |
|---|---|---|
continued...
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Morley Elderly Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 9. CURRENT ASSET INVESTMENTS Listed investments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Accruals and deferred income 11. MOVEMENT IN FUNDS At 1.4.22 £ Unrestricted funds General fund 371,568 Restricted funds Furniture 1,866 Property Acquisition Grants 100,850 Winter Fund 3,114 Winter Warmth 1,852 107,682 TOTAL FUNDS 479,250 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 163,270 (179,004) Restricted funds Gardening 24,012 (24,012) Property Acquisition Grants - (2,310) 24,012 (26,322) TOTAL FUNDS 187,282 (205,326) |
2023 £ 23,004 2023 £ 4,195 468 1,260 5,923 Net movement in funds £ (17,493) - (2,311) - - (2,311) (19,804) Gains and losses £ (1,759) - (1) (1) (1,760) |
2022 £ 24,763 2022 £ - 1,942 1,200 3,142 At 31.3.23 £ 354,075 1,866 98,539 3,114 1,852 105,371 459,446 Movement in funds £ (17,493) - (2,311) (2,311) (19,804) |
|
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continued...
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Morley Elderly Action
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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 1.4.21 £ 331,374 1,866 103,160 3,114 1,852 109,992 441,366 |
Net movement in funds £ 40,194 - (2,310) - - (2,310) 37,884 |
At 31.3.22 £ 371,568 1,866 100,850 3,114 1,852 107,682 479,250 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Gardening Property Acquisition Grants TOTAL FUNDS |
Incoming resources £ 181,714 16,422 - 16,422 198,136 |
Resources expended £ (142,749) (16,422) (2,310) (18,732) (161,481) |
Gains and Movement losses in funds £ £ 1,229 40,194 - - - (2,310) - (2,310) 1,229 37,884 |
|---|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023 nor for the year ended 31 March 2022.
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Morley Elderly Action
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Legacies Other trading activities Other trading activities Investment income Investments Interest receivable 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 |
2023 £ 24,666 1,921 26,587 104 1,151 - 1,151 151,664 7,776 159,440 187,282 84,818 2,960 4,414 1,825 1,693 2,174 1,770 7,025 90 6,449 1,289 1,510 3,899 199 6,817 24,012 4,864 155,808 45,708 |
2022 £ 11,166 25,000 36,166 104 1,034 26 1,060 155,686 5,120 160,806 198,136 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 |
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This page does not form part of the statutory financial statements
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Morley Elderly Action
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Management Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net (expenditure)/income |
2023 £ 696 3,114 205,326 (18,044) (1,760) (19,804) |
2022 £ 178 1,662 161,481 36,655 1,229 37,884 |
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This page does not form part of the statutory financial statements
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