**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 1 ## **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: **----- Start of picture text -----**
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
**----- 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 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. 2 **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 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 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: 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 Stubs Beck Lane Cleckheaton BD19 4TT Date: ............................................. 4 ## **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 5 ## **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 6 **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... 7 **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... 8 ## **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... 9 **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)| |---|---|---|---| continued... 10 **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. 11 ## **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| |---|---|---| 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 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| |---|---|---| This page does not form part of the statutory financial statements 13