Link Age Southwark Communities supporting older people (A Company Limited by Guarantee) Trustees Annual Report and Financial Statements For the Year Ended 31 March 2024 Company Registration Number: 05189161 Charity Registration Number: 1105923
Page Legal and Administrative Information Report of the Trustees Independent Auditors, Report 13 Statement of Financial Activities 16 Balance Sheet 17 Statement of Cash Flow 18 Notes to the Financial Statements 19
Report of the Trustees lor the Year Ended 31° March 2024 Legal and Admlnistrative Infonnation Trustees Caroline Havers (Chair) Adrian Greenwood (Deputy Chair & Company 5ecretary} Kieran Payne (Treasurer) Lucy Allen John Baldwin Zoe Bond Yoko De Souza Dr Ruth Evans Stephen Henden Funmi Olowe Valerie Strachan Rebecca Torry Susan Wilkinson Appointed October 2023 Resigned October 2023 Resigned October 2023 Company Number 05189161 Charity Number 1105923 Registered Offlce United Reformed Church, Tell Grove, London SE22 8RH Chief Executive Sophie Wellings Auditors TC Group The Courtyard Shoreham Road Upper Beeding Steyning West Sussex, BN44 3TN Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ
Trustees, Report For the year ended 31 March 2024 The Trustees (who are also the Directors of the charitable Company for the purposes of the Companies Act} present their combined Directors, report and Trustees. report. as required by company law, together with the audited financial statements of Link Age Southwark (the Charity) for st the year ended 31 March 2024. The Trustees confirm that the Trustees, report and financlal statements of the Charity comply with the current statutory requirements, requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities" applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland <FR5102) (effective l January 2019). Mission Vision Values and Activities Our Vision Friendly, vibrant local cornmunities where older people thrive. Our Mission Link Age Southwark helps older people stay connected with their communities, alleviating loneliness, improving health and wellbeing and making communities stronger through volunteering. Ourvalues We are positive We bring joy, vitality and warmth to every setting we enter. We have a 'can do, attitude We encourage everyone to share their unique skills. talents, passions and experience with each other. We are always connerting We know that connecting with other people is critical to everyone's wellbeing. We respect the individual We see the person, not their age and always tiuly listen to the person in front of us, seeking to understand their point of view. We are not alone We work in strong partnerships and link older people with our volunteers and with other Services when that will help them and their communities thrive. Achievement and erformance This yeaf was the charittys 30 Anniversary and we hosted a number of events to celebrate this achievement. Reaching this milestone is a significant testament to the work of the volunteers who established the two small charities: Dulwich Helpline and Southwark Churches Care, who merged to become Link Age Southwark. We were keen to showcase and involve our service users and volunteers in all our celebrations. The demand for our services remains high and we were still trying to deal with the backlog that was created by the pandemic. For our befriending and dementia services, we carry out an in-home
assessment of those referred to us. Having matched people, where possible, in telephone befriending relationships during the period of restrictions we had a large number of in-home assessments to complete before the telephone befriender could start to visit their older friend at home. Alongside this, we were consistently receiving new referrals. This culminated in long waiting lists and people waiting a longtime for a service. To address this, we took the difficult but necessary decision to put a hold on new referrals to allow us to deal with the backlog and offer people a timely response to their referral. The pause on referrals lasted for four months. During this time, we reviewed our eligibility criteria for befriending to ensure that we are able to prioritise those with the greatest need. The priority for our befriending service is for those who are housebound putting them at higher risk of loneliness and social isolation due to being unable to easily access other service within the comrnunity. The pause in referrals has made a significant impatt in reducing our waiting lists and improving our responsiveness and ability to meet the demand for our services. In tandem with this, the volunteer team has implemented a recruitment strategi to ensure that we are able to meet the demand for volunteer that this service provision requires. At the start of this year, we developed our new three-year strateeic plan which identifies our key performance indicators for all aspects of our service delivery as well as our operations, finance and fundraising and governance. Following such a tumultuous period during the years of the pandemic, the focus for the first year has been on a period of consolidation. We have reviewed the first year of our plan and. in most instances, have met or nearly met the identified outputs. Our service provision over the last year is summarised below: In 2023-2024, we: Worked with 355 dedicated volunteers who contributed 17.998 hours of volunteering which is worth the equivalent £236,673 (London Living wage £13.15 per hour); Supported 862 older people of whom 186 were new referrals; Provided Information and Support as part of our Ageing Well Southwark provision to 125 known service users and 45 whose details were anonymised: Offered 20 groups to 207 service users which were a combination of exercise, activity, dementia specialist and social groups- Supported 185 befriending relationships and 14 telephone buddy relationships; Undertook 174 shopping, gardening and digital tasks,. Supported 19 service users with our Befriending Plus Sen4ice; Hosted 4 parties and one Christmas meal at a local pub. Worked with 7 local schools who supported our Christmas party event as well as hosting parties on site for our service users; Delivered our bi-monthly newsletter containing topical and local information to 698 service user5.
Befriending Our target for this area of work was to match 60 new relationships each year. Over the last year we have matched 59 new relationships and supported 185 relationships. Our befriending plus service, which involves paid staff offering I".1 informal support and advocacy for those with more complex needs. has supported 19 housebound older friend5. Our telephone buddy service which provides 6 months interim support for those waiting for an in person match has SUPPOrted 14 older friends. This service has been provided in partnership with the law firm Norton Rose Fulbright. Exerclse, social and activity groups The change in eligibility criteria for befriending has increased the demand for our groups as we encourage those who can leave their homes to attend our groups and social events. We have run 20 social, exercise and activity groups during the past 12 months. Our groups are dementia friendly and we have six dementia specialist groups. The sessions take place in a range of locations around the borough including sheltered housing units, community centres, Churche5 and within a local school. Our groups offer is supported by our specialist tutors including exercise and singing tutors. We also work in partnership with local providers who offer focused sessions on different topics. We aim to start one new group each year and a new dementia peer group has started in Cambenvell. Prartlcal support Our practical support consists of shoppin& gardening and digital support. The aim is to offer support to those for whom these tasks present too much of a challenge. These services are all supported by volunteers. Our digital buddies visit people at home to SUPPOrt with smart phones or laptops. We also have two digital group offers: one is an intergenerational group with a local school and the other is specialist support provided by Clearcommunityweb at our weekly warm space. Newsletter The delivery of our newsletter is supported every two months by a tearn of volunteers who assist with envelope stuffing and hand delivery of our newsletters. Over the last twelve months, the newsletter has provided informatlon on our 30 year anniversary plans a5 well as promoting work we were doing with the local authority on increasing awareness of pension credit and encouraging those who are entitled to claim to make a claim. We also promote our groups and social events via this communication channel. Transport The provision of transport for those who would otherwise be unable to attend our groups and events feels like an important part of our offer to our older friends. The cost of continuing to provide this service goes up each year. We have experienced challenges in recruiting volunteer drivers and are increasingly dependent on local taxis which is not a cheap option. Inter-generational work with local sthools Local schools continue to offer us a range of support. A lovely piece of work was recently done with Alleyns Schools who hosted our service users to talk with pupils on the topic of
'consumptlon' Our older friends talked about their birthdays and the presents they had received as well as what they had in their wardrobe when they were children. Ageing Well 5outhwark This is our fourth year of fulfilling this contract with the local authority in partnership with the charities who make up the Consortium of Older People's Servlces in Southwark {COPSINS). The contract was initially extended for a further 12 months but we subsequently received the excellent news that the contract for Ageing Well Southwark would 80 to its full term which is June 2025. The Council is currently negotiating with five of the existing partners to deliver the next phase of Ageing Well Southwark from June 2025. Service User Engagement Group This group was established in order to provide service users with a greater voice in relation to the development of our services. Group members also assist with our responses to local consultations on a range of issues from the work being done on making Southwark an Age Friendly borough to the 'Southwark 203 looking at future developments for the borough. The group meets quarterly and has a membership of 10 serlice users. Hospital Buddies Thi5 service was developed to offer emotional support to those attending hospital for a range of medical interventions, including elective surgery. Despite a lot of publicity and promotion of the service the referrals remained very low. It was decided to discontinue this Service at the end of the financial year. Social Events We aim to host three large scale events each year. Our maFn event this year was linked to th our 30 anniversary and alongside our ser¥ice users, volunteers. Trustee5 and Patrons were invited to attend. The event took place at a local bowling club. As part of our Anniversary celebrations we also compiled a photographic and film exhibition which we showcased at our Sunset Soiree fundraiser. The photographs were taken by one of our volunteer befrienders. who is a professional photographer. The photographs showcased our work with older people as well a5 profiling some of our volunteers and key people in the Charit¢s history. The team also compiled our Pearls of Wisdom film project which consists of 12 short films with service users talking about their lives and achievements. Our 30 year was an important one for the Charity. We were very keen to use this anniversary to showcase our work and celebrate our service users as well as profiling some key people in the life of Link Age Southwark. We also reviewed our befriending service to ensure that those who are most at risk of loneliness and social isolation are able to receive this invaluable service. Putting referrals on hold was a difficult decision to take but has proved to be beneficial. We are now able to respond and offer services in a timely. targeted and tailored way.
Plans for the Future Our five-year funding from the National Lottery for our dementia services provision concluded in February 2024. This funding has been hugely significant in helping us to develop, grow and sustain our dementia befriending and groups offer for those living with a diagnosis of mild to moderate dementia and their carers. We have managed to secure funding from City Bridge Trust to help to sustain aspetts of this work and are also applying for continuation funding from the National Lottery. Our plans for further developing this area of specialism include the establishment of a specialist cognitive stimulation therapy Broup. Cognitive stimulation therapy is recommended by the National Institute for Health and Care Excellence {NICEI as an effective intervention for people living with a diagnosis of dementia. We have also had notification thi5 year of the local authoritvs intention to continue to commission the 'Ageing Well Southwarw contract through to June 2025. Governance and Administration Public Benefit The Trustees confirm that in setting LAS'S objectives and planning its activities they have complied with the duty to have due regard to the Charity Commission's general guidance on Charities and Public Benefit. Link Age Southwark constitutlon and organisational structure Link Age Southwark is controlled by its governing document, the Memorandum and Articles of Association and 15 constituted as a charity and company, limited by Guarantee, as defined by the Companies Act 2006. The members of Link Age Southwark (all Trustees plus up to 30 additional members from among our 5UPPOrters, service users and volunteers) are eligible to elect Directorsnrustee5, and to put forward and vote on resolutions at the Annual General Meeting {AGMI. Staff The number of FTE staff has remained the same at eleven. We also have five staff on zero hours contracts. Governance and declslon-rnaking Legal responsibility for the management and stewardship of the Charity is vested in the Board of Trustees. The Charity has a Chair, Deputy Chair, Company Secretary and a Treasurer. Trustees meet every two months. The Board of Trustees has a Finance Committee. which meets quarterly throughout the year, reports to the Board, and ha5 its own Terms of Reference. Trustees make strategic decisions, in consultation wvth the Chief Executive. Day to day management is delegated to the Chief Executive, who attends all Board meetin8s. Operational decisions are taken by the Chief Executive and Senior Management Team (SMT). SMT members are supervised by the Chief Executive, who. in turn, is line managed by the Chair.
Recruitment and appointment of Trustees Rule 38 of the Articles of Association refers to a power to fix the maximum number of Directors. At th the AGM of 19 October 2015, 3 resolution was passed to set the maximum number of Directors at 15, on the understanding that the usual number will not exceed 12. The period of office is three years. The Articles of Association provide that, at each AGM, one third of the Trustees (or the number nearest to one third) must retire from office: those who have been in office longest retire first. Retiring Trustees may normally put themselves forward for re-election by the members of the Charity. A Succession plan is reviewed by the Board regularly. and skills audits are carried out to inform Trustee recruitment. Trustees bring experience from the public, private and voluntary sectors and have expertise in management, finance, law, communications, IT and health including care of older people. During the year, Stephen Henden and Susan Wilkinson resigned from the Board and Dr Ruth Evans was appointed again having served on the Board previously. Fundraising The charity is committed to ensuring that all of its fundraising activities are legal, open, honest and respectful. The Charity has a diversified fundraising base with just over 50% coming from grant funding applications to Trusts and Foundations. The Ageing Well Southwark contract provides just over 20% of the Chairt¢s funding. Link Age Southwark has an annual calendar of community fundraising events and this year saw our first sponsored event- the 'Strollathon' which took place in Dulwich Park. We continue to benefit significantly from our Patron scheme and individual donations. This year was an exceptional year for the Charity in relation to legacy fundraising. We were fortunate enough to receive two very significant legacies, one from a previou5 volunteer and one from an older friend who had benefited from our befriending service. We were incredibly grateful to receive all the legacies that came in during the last year. No external professional fundraisers or commercial participators are used in these fundraising activities. The charity is committed to meeting the requirements of the new Fundraising Regulator, the standards of the Code of Fundraising Practice and the requirements of the Data Protection Act 2018 around protecting vulnerable people and treating personal data with respect when carrying out fundraising activities. Trustees. Liability and Re5ponsibllitles The Trustees {who are also the Directors of Link Age Southwark for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and Un(ted Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charitable company Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the
charitable company for that period. In preparing those financial statements, the Trustees are required to: select suitable accounting policies and then apply them con5iStently," observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK accounting standards have been followed. subject to any material departures disclosed and explained in the financlal statements; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accounting records which di5c105e with reasonable accuracy, at any time, the financial posrtion of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable compan¢s website. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to Small companies. Trustees are also aware of and aspire to ensuring that Link Age Southwark demonstrates all the hallmarks of an effective charity, namely to: be clear about its direction: have the right mix of ski115 and experience: achieve its purposes and deliver its services efficiently; assess its performance to help improve its efficiency; have the financial resources to deliver its purposes: be accountable and transparent; Induction and training of Trustees The induction programme for new Trustees includes: written information about LAS'S activities. a copy of LAS'S memorandum and articles of association; a copy of IAS'S policies and procedures; a copy of the NCVO Code of Good Governance: a copy of the Charity Commission's CC3-The Essential Trustee Information on Trustees. legal responsibilities: a meeting with the Chair and the Chief Executive. an invitation to attend a group or event: an invitation to attend LAS'S activities in the community: attendance, as an observer, at a Board of Trustee5 meeting; 10
Trustees are encouraged to attend relevant training courses. They also receive updates from the office on matter5 pertaining to effective governance and relevant sector specific issues. Risk Management Trustees maintain a risk register to identrfy and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. LAS'S risk register is reviewed and updated annually, with appropriate mitigation measures put in place. At every Trustee meetin& the top three risks are highlighted with a discussion, as needed. Fundin and Finances Summary Results for year The financial year 23124 has been an unprecedented year for the charity. We had set the budget for a deficit, as the Trustees considered this to be a prudent investment in service delivery taking into account available reserves. In the event, we received two significant legacies for which we are very grateful, and which are reflettive of the impact that our work has on people's lives. Legacy fundraising was therefore £532,490, against a budget of £0. This is the main reason why our income wa5 £1,092,106 against a bud8et of £603,097. Excluding the legacies. there would have been an income deficit of £41,438 due to the notable challenges to cornmunity fundraising and organisation donations. Thanks to the legacies we completed the financial year with a surplus of £429,428 against a budget deficit of £72.995: an extremely Strong position, given the continuing economic challenges being felt across the voluntary and community sector The surplus was further aided by expenditure being lower than expected (actual £662,678 versus budget £676,092), which was driven by staff costs with vacancies occurring throughout the year. Reserves The financial year ended with a surplus of £429,428. The impact of this Is a large increase in our reserves from £438.511 to £867.939 of which £19.375 (2023: £115.612) are restricted and £848,564 {2023.. £322,900) are unrestricted. This is still in line with our reserves policy of holding 6 months of st expenditure in our general funds. The total funds of the Charity as of 31 March 2024 are £867.939. Designated Fund The Board has agreed to set up a new designated fund- the Frank Ralfe Fund. The naming of the fund is in recognition of the considerable legacy left to us by the estate of Frank Ralfe, a previous beneficiary of Link Age Southwark. £450,000 has been allocated to this fund which has been designated to assist with existing char(table projects and emerging need given the significant economic pressures and uncertainty. 2022025 Budget. Given that Link Age Southwark has, again, delivered robust results, the Trustees have agreed a deficit budget for the forthcoming year. The budget, as agreed, will deliver a deficit of £82.166. The 11
impact on reserves will bring a slight decrease to £299,516 all of which are unrestrttted. Total funds at year end will be £785,775. Reserves and Investrnents Policies The reserves policy remains in place with Trustees having agreed that Link Age Southwark should hold six months of budgetary expenditure in reserves. The poliry aims to hold reserves at a level that enable us to manage financial rlsk and short-term income volatility; maintain optimum levels of service provision; ensure that ourfinancial commitments can be met and implement our strategic priorities whilst continuing to respond to emerging need in uncertain time5. For 2024-25 six months budgeted expenditure is £329,407, WTth £334,263 being held in general funds at year end, our reserves policy is met. Should a negative variance against budget begin to develop, six months would provide an ample window in which costs and service delivery may be re- configured to ensure the continued financial viability of the Charity. Link Age Southwark continues to find that the outsourced support of J52 accountants in inputting to the budgeting process and preparing management accounts. forecasts and statutory accounts is extremely valuable in enabling our rigorous monitoring of financial performance and sustainability. Funds held within reserves are invested in various deposit accounts up to the limit of the FSCS guarantee. Auditor Due to the level of income generated this year, we are required to have our accounts audited. TC Group, who carried out our Independent Examination last year. have been appointed to carry out the audit. This report was approved by the Board of Trustees on 10th September 2024 and signed on its behalf by: carc.ine HavErs (Sep 10. 2024 12.'13Gh':T+il Kierar P3 Jne (Sep io, Kieran Payne Trustee and Treasurer 24 14."37 GMT+ll Caroline Havers Chair 12
AUDITOR'S REPORT TO THE TRUSTEES OF UNK AGE SOUTHWARK FOR THE YEAR ENDED 31 MARCH 2024 We have audited the financial statements of Link Age Southwark ('the charitable companVI for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cashflow Statement and notes to the financial statements, including a summary of slgnlficant attounting pollcies. The financlal reporting framework that has been applied in thelr preparation is applicable law and United Kin8dom Accountin8 Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the finoncial statements: Eive a true and fair vlew of the state of the charitable company's affairs a5 at 31 March 2024 and of its incoming resources and application of resources for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requirements of the Companie5 Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI11SAs {UKII and appllcable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statement5 section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 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 re13tlng to going concern We have nothin8 to report in respect of the folk)wing matters in relation to which the ISAS {UKI requlre us to report to you where: the trustees, use of the going concern basi5 of accounting in the preparation of the financial 5taternents is not appropriate- or the trustees have not disclosed in the financial statements any identified material uncertaSnties that may cast significant doubt about the charitable companf s ability to continue to adopt the going concern bas15 of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other Information The other information comprise5 the trustees, report, which indudes the directors, report. other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements doe5 not cover the other Information and. except to the extent otheise explicltly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and. in doing 50, consider whether the other information is materially incon5i5tent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material in¢on5i5tencie5 Qr apparent material misstatements, we are required to determine whether there is a material wis5t8tement 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 materlal rnisstatement of this other information, we are required to report that fact. We have nothing to report in this regard. 13
Opinion on other matter5 prescribed by the Companies Acl 2006 In our opinion, based on the work undertaken in the course of the audit, the infomiation given in the trustees. report. which includes the directors, report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements,. and the directors. report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained during the audit, we have not identified material misstatement5 in the directors. included within the trustees. report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion: adequote accounting records have not been kept, or return5 adequate for our audit have not been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of trustees. remuneration specified by law are not made- or we have not received all the informatlon and explanations we require for our audlt. Responslbllltles of the trustees A5 explained more fully in the trustees, responsibilities statement, the trustees (who are also the direttor5 of the charitable company for the purposes of company lawl 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 nece55ary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparlng the financial statements, the trustees are responsible for assessing the charltable companvs ability to continue as a going concern, disclosin& a5 applicable, matters related to going concern and using the going concern basls of accounting unless the trustees either intend to liquidate the tharitable company or to cease operations, or have no realistic alternative but to do so. Auditorf5 responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a Euarantee that an audit conducted Sn accordance with ISA% IUKI will always detett a material mlsstatement when it exlsts. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken based these financial statements. A further description of our responsibilities for the audit of the finanoal statements 15 located on the Financial Reporting Council's website at: www.frc.or&uk/avditorsresponsibilities. This description forms part of our auditorfs report. Extent to whlch the audlt was consldered capable of detectlng Irreeularltles. Includlng fraud The objectives of our audit. In respect to fraud. are: to identify and assess the risks of material misstatement of the financial statements due to fraud,. to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud. through designing and implementing appropriate responses- and to respond appropriately to fraud or suspected fraud identified during the audit. However, the primary re5pon5ibility for the prevention and detection of fraud rests with both those charged with governance of the entity and its management. Our approach was as follows- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our general sertor experience. and through discussion with the trustees and other management las required by auditing standardsl, and discussed with the trustees and other management the policies and procedure5 regarding compliance with laws and regulations (see belowl- We identified the following areas as those most likely to have such an effert: health and safety; General Data Protection Regulation IGDPRI,. fraud: bribery and corruption, and employment law. Auditing standards limit the 14
required audit procedures to identify non-compliance with these laws and reg(Jlations to enquiry of the trustees and other monagement and inspection of regulatory and legal correspondence. if any. The identified actual or suspected non-compliance was not sufficiently significant to our audlt to result in our response being identified as a key audit matter. We considered the legal and regulatory frameworks directly applicable to the financial statement5 reporting framework IFRS 102 and the and Charities Act 2011) and the relevant tax compliance regulations in the UK: We considered the nature of the charitWs operations. the control environment and financial performance. We communicated identified laws and regulations throughout our team and remained alert to any indicatlons of non-compliance throughout the audit; We considered the procedures and controls that the charity has established to address risks identified. or that othenmise prevent, deter and detect fraud- and how senior management monitors those programmes and controls. Based on this understanding we designed our audit procedures to identify non-compliance with such la and regulations. Where the risk was considered to be higher, we performed audit procedures to address each identified fraud risk. These procedures included: testing manual journals: reviewing the financial statement disclosures and testing to supporting documentation: performing analytical procedures. and enquiring of Management, and were designed to provide reasonable a$5urance that the financial statements were free from fraud or error. Owin8 to the inherent limitatior15 of an audit, there is an unavoidable risk that we may not have detected some material misstatements in thefinancial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compllance with laws and regulation5 lirregularitiesl is from the events and transactions refletted in the financial statements, the less likely the Inherently limited procedures required by auditing Standards would Identify it. The risk is a150 greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventin8 non-complian and cannot be expected to detect non-compliance with all law5 and regulations Use of our Report This report 15 made solely to the charitable company's members, as a body. in accordance wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company's members as a body r our audit w rk. for this report, ow for the opinion5 we have formed. Mark Cummlns FCC4 eni for and on behalf of TC Group Statutory Auditor Office-, Steyning, West Sussex 15
ATEMENTOF WNANCL4LAcnvmÉs Indud¥n Income & E OR ThEYEAR EN endltur lccount CH 2024 Ye•rended 31 March 2024 Ttal Y•aiended 31 Maffth 2013 d5 Jrats Furp5s Fun& INCOME AND ENDOWMENTS FROM: Donakn¢ts, Grnntsand Le8acs Voluntsrylncorne 764.663 151y3 916246 176232 J86.785 363.017 (haritoble Actl¥ltles.Supportifft8 Older People FUndrasm2 IN¥estment llltoffle London 8oroush Ofthwlk 41.606 13.392 120.862 38J184 3,713 s56 38,084 3.713 138.656 13392 120.862 TOTAL INCOME 94524 15L583 LO106 356,685 184Y85 543A70 EXPENDITURE FROM: arttobfe AcEMiles- Supporti Older People 35080 247.820 638.7() 399,729 227.532 627.261 RaIsI Fund5 23978 23.¥18 22.692 22,692 TOTAL EXPENDfTURE 414A58 247AIO 662.678 4a421 2Z7.531 649.953 piet lrtcomellExpendlrèI .665 23 429A (65.7361 140,7471 1106A831 ReConoliatn of FId5'. Totsl Fundsatthe5tart theyear 32299 115.612 438511 388.635 156.359 544,954 Totsl Fund5atthe end ol theyear li 848.564 19.375 867.9 322A99 115,612 438.511 Theststernentof Fi#antialAcbvities incle5 allgalns andlosses ret0ed Inthe year All income and eXpeitre dthwefrom carttinuin8 a<tyvities The nDtP5 Dll pa8e$ 19 to 27form part of trIna)Ki8ISemerts 16
AT3tst MA H 2024 FIXEDAsseTS 44145 59.327 CURRENT AS5Frs Debtots C8sh 3t Bank and in HèRd 51.784 836,875 888.659 56,195 352,335 408,530 Less.. CURRENTUABiimES ID 168 129.1461 819,794 867.939 379,184 438.511 TOTU A55EfsLESS CURRENT UABIUTIES CHARI FUN05 Re%trfcted Fur5 ii. 19.375 115.612 De5i8natrd Funds 49S331 Unrestri£Éd Funds IL12 353.2>3 266.496 TOTAL FUN05 867.919 438Jll The Diredois 3cknowled8etheirresponslbllitieslor comthTr8¥riththe requffementsoftheCompanfesAct 2006 tth respert tothe accuuntSW fecords and the preparatyon of attourfs. These accountsha¥e beertprEpafed inacrordant2 th the prouision5 applKable tocompanies 5thjecttothesrnall cthpanies. rerne. The ftnanaal siatemerfs wereapprtr4ed tythe IP 5Ep*Ember 2024 3nds[ed0Th Caroline IlaveTS Isep 10.2fj24 11-13GM i+ll Isep 10, -"37 5MT+il Carolknp Havers Chairof TrusiÈes Payne Thenotes on p3Ee5 19to27 form part ofthe5e fln3na31 si¥tements Company Rewstration ND. 05189161 17
SfAIEMENTOFCA5M FLOW FOR THE YEAR E14DED Ylst MARCH 1024 2024 2021 Cash flows from operatln%•rfivities ¢8sh pro¥Wed b¥0pgAilngor¥ltr8${lwJnIaYw below) 47Z,346 2LLOI Cash Ilows from IA¥estingadi¥itiqs DidendS and Interest frorn Investmaits Purchase ot property, plar5tandequlprneni 13,392 11,ts8) 3,713 (16661 N¢lca¥ provtda¢ tyllllsed 1ftlinst1 ithitX5 12.194 1.047 Charqe in ta5hand cash equr4alRnts in the rnportiry pertad Cash and rash equivalentsaf thestsrt of Year 484,540 35E.335 22,148 330.187 Cash andc¥sh e81ÉntsattheenoO1lhe3l U36.875 3Sl335 Rec4ncHttsnot nttwKometo flfrom0p8yafinB3dlWII 2024 2023 NrtlncDrnefor the repMinB PEriod Depre(Tatron Ehar8e5 vidend5 ad0tnterttrOtTr investmethts Ilnirea5el/Decreasein debtors Inueaselldecreasel in cYedFtors 429,428 1?,380 111.3921 4,411 39.519 1106,4831 12,30S 13.7131 113,205 5.787 Mettsh prothded byoper¥ng acbvities 471.Y6 2LIOI The notesLM pages 19to271orm part Ofthesefinana 5tstErneFrt5 18
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OR THE YÈAR ÈNDED 3tst PAthRCH 2024 I VOLUNTARY INCOME 2924 2023 Total Restr(rted Income National Lotterycurnmunity Fund United St Savioues Charity Fob McAlplneFeundT srthwark Council INdghb0wl Fuftds} Heme Instead l&ingJoyl Thevtley Famity- M51(31 rnaTrorie5 ukhvlark Adultsoiial Care MCF Masonlc Charltabfe W¥rm Place Tearn London Brtdle Suuthwark Counctl 87.778 87.ri8 95.095 1250) 17.1 ioLx)o 36,690 17.L19J 6,5(K) 20.IXrf) 20,C 20.(NJ) 20.(K 3,715 3.71S VnrE5tri(d Intome The DulwithAlmshou5e Trtt United Stknourfs Charity Garfidd Wetton Fwndatlon SouthwaTk CounEiI INelthbourhood Funds) MercersTru5t WcodrofFe Bent 5wthwark Charitie5 The Sobell Foundabon The E112abeth and Printtzaieet Twrt The HrysTr1th ChaAty Fidd Famil Masonic Franos Winham FoutKSation 3.5(K) 6,667 3(LIKKJ 5,250 5.wo 6,667 31333 33.333 20,IXX) io, 2LI.QLMJ io.w) io.ow 40,orM) 162,442 1.583 314.025 269535 0thoTVoknnts Ints)me-Don3tknns John Horsema Trust NorthwldtTrust Indidual lin¢. Patron51 and Oryani5atlws Gfft Aid 91.479 16,252 6g,731 50.479 16.252 69.731 7L236 14.245 93A81 OtherVohJnta I Kley Legacy FP a¢Y Fr¥k Ralfe Legacy 65,860 4,065 462.565 4.065 461565 s3441 53L4YJ 764.663 151.583 916.246 363.016
NOTESTOTHE AP4ANCIAL STATEMENTS tontih FOR THE YEAR ENDED 31st MARCH 2014 CHARITABLEAcnvmES Total JthwarkCDunol I202 120,862 134656 MPENDMIRE 2024 •ndA*port To>1 r8ble £yndiwre Fundrd151ngCosts 467.051 11,267 478318 49.126 9,754 S8.880 121.524 638,701 1.957 23,978 X25A81 661679 EXPENDITURE 2023 Llrect and Sw¢wt Total Charthbk Expendi1 FUnITr(0sts 473.098 12A34 4$5,53l 39.067 7.233 46JQO IIXIW6 627.251 3,025 22.692 11&121 649,Y53 SUPPORT &GOVERNANCECOSTS 1024 24 Totsl Fun Repairs, Maintenan¢e & Tdephone BoDkkrying Rent & utilities Depreciation Insurance 17,258 613 24.114 23,292 I28 1,112 416 15 582 562 292 27 17.674 628 24,696 2354 12.380 L139 3.568 7.032 3.029 757 8.70S 5.438 1445 870 1496 105J)7 L06.164 16,930 19 21.449 18.565 11305 953 3.435 Trainin£& rectyitment Prlnlln& Post38e &SDtionery Other StBftCosts Payroll Proce55in8 Other Bank Chir6es & COwnbS Total Support Costs 6,865 2.958 739 8.5(Kl 2,387 ioaAIi 166 71 10.886 Audndependeftt EK3mlnalcaThFee OtherGovemancecosts staff Costs Total Guiernance C0515 10.546 2,717 5.850 .1 10,80) 1.783 5.991 19.574 3.0 66 141 6.267 IL955 Total &GovernarKe Costs 1957 125N81 118.119 21
NOIESTOIHE FINANOALSTAIEMENTS ontinued FOR THE YEAR ENDED 3tst MARCH 1024 SVPPORT&GOVERNANCE COST5 2023 ICONTINUEDI Total Repa1¥5, maintre & rr Telephone 8ookkeepin8 Renr & Utilities DePrlatiOn losuranee Training& recruitment Prlnlw Posra8e& sta (lther Staff Costs Payfdl Pr¢cessln8 Oth Bankcharges & CarLsurnabs Totsl supportcL IQ498 Lm 20.9fyJ 1&4YA) IL9YJ 929 3.347 8.822 .607 1397 5.299 2.797 103 434 47 16,932 19 549 475 21,M9 18.565 IZ,305 953 3,435 9.054 10.886 2A60 5N38 2.870 ID6.165 315 232 279 63 139 73 4718 IndeppJdent ExarnMètiN Fee5 OtberGovErnanomsts Staff Costs Toral GovemancÈCosts 92 53 160 2.035 6,107 1150 6.267 llJ55 Tot315uppon & eraeca5ts 115 11¢121 NEtINCOME ¢EXPENDVRE1 2UZ4 Totsl Th1$ lsstated after ¢NarginÉ'. Deprets3tion dfiKed assets Aurfrtl Indepertdent examlkiarion pÉn5ion Costs IL38D iQ8 1131]5 4L118 34,505 22
TOTHE FORThEY AT tontlNJe R ENDED 3tst MARCH 202 STAFF COSTS 2024 20Z3 Totsl Staff costs wweas ftdlows= Wage5 and 5a13ries SDual Seiuiity Costs Pensian c05t5 33.558 32.813 17338 439.937 33.762 491.799 The avera8enurnber oFaff empltrrfed durfngtheyear. CharTtaUeAciits Support 17 19 Noemployee retwved rWnUneri¢i inexcessof£S0.14JOI2023-£rrill durln8theye3t The total P10YeeS benefits, 1ncludin8employwwnvibuti<90fthe key MarwentperSel am¢unied to£59.91512013- £53.i351 rins theyearnoTrustee received arw rUnerati oy btyyfrts in kind12023- £P41). Gringthe yearnoTrustees receNed a reirnbuerneTrtoI wenses12023-ENil TANGIBLE FIXED ETs 21124 Totsl equ¥irnert COST Atthebwnnin8oftheyear Addityons duringthe year Attheend ofthe year DEPIIEaAnON Atthe be8inningoftheyeor 0)8rÈe f4rtheyear Atthe endof theyear NET8OOKVAiUE At31 March 2024 At31 March 2023 10.714 1.198 11.912 90.717 101,431 1,198 102,629 90,717 36314 9.Q72 45,386 42,104 12.380 9PJ8 2314 4.S24 45.331 54.403 48.145 59.327 DEBTOR5 2024 Totrl 2023 Otherdebior5 prepaymertts and acCn 36.415 15.369 51.n4 X1,234 5,961 56,195 CREDITORS- amomts falbngduewtthin one ar Total Trade CredittyS Other creditors Accruals ¥nd deferred l*Kome 35.396 8.879 24.590 68,865 9.668 Y,946 29.346
ANaAL sfATEME14TS FOR The YEAR ENDED Jtsl MARCH 2024 ii. STATEMENTOF FUNOS at31.0324 cahtd Ioffie E¥vll Vnrestrkted FuTh15 General Funds DEsi8nated Fund- Frank Ralfe Fund De5i8naled Fund-newoffice5 268,496 Z3 1414,8581 1440.92BI 450.OLKI 9.072 353,233 450,0(K> 45,331 848,564 322A99 940.523 14148581 Restricied Fund5 Nalon81 Lottery Comrntsnlty hjnd Southwat AAultSoual Cère. Hospitl Wtke RobErt ML41pine Foundation 5outhw3¢kCouncil INEi8hbLwthoI F$} ThE UYey Farnily- Musical memorie5 Southw3rkAdultknal Care MCFMasorM¢Charit3ble Team london Brtd8e sthark(unL1l 63.155 52.4S7 87.778 1150,9331 152.4571 13.t251 117.091 ILO 16,5001 iio.00 I3.0) 13,7151 xx) i?.0 9.375 10,000 3.715 115.612 15L583 1247,8201 19.375 Total Funds Lsnfestrfcted Fund5 Restrirted Funds 322.899 115.612 438.511 94C,523 151,583 L092,LC 1414,8581 1247.320> 661678 848.564 19.375 867.939 STATEMEiif QF FUND5 at31.¢M.23 Carrfed EzpÈfv1itL¥e Llnre51ricted Funds General Funds Desi8n3ied Fund- offices 325.161 63.474 388,635 356,685 1422A211 9.071 9.Q711 268,496 54,403 312,899 356,685 1421421) NtILal Lotteryconwnunity Fwd Swthwarkcounul $h Funds ExEfa5ex7 The Home Instead- B¥i?8Joy Grant UnFtEd St Saviour- Chry5tmas parties Slr Robert McAlplne Foundation 5ouihwark Aduksocial Care- Hospitsl BuLWle SouihwarkAduS00l M(F Masoniccharrtable Warm Place 61.359 95.(195 36. LS)J (93.2991 136.6901 IL5001 13.(MKTrI iio,owi 152,5431 iio.o 120,orN¥ 15(K)I D27,5321 63.155 lo.07 20.toj ss,000 io,( 52,457 156.359 185.785 I,612 Total Funds Unrethrted Funds Restricted Funds 388,635 156.359 544,993 356.685 186.785 543.469 1422,4211 1227.53ll 1649.9531 322.899 115,612 438,511 24
NOTESTOTHE HNANOALsfATEMEpirs contlnued FOR THE IEAR EPIOEO 31st MAR(N 2024 Staternèrrtof Den•ted Funds De51 n3 Fund- Frank RalFE Fund The namin8oFthe fund Is In reCwrti olthe¢L5WJerab1E1e>Y lefttous iwthee51ateof Frank RalfE. a previ5 belleficiary of LiDk Agesouthwdrk. f4SO.Ikn) ha5 been allated to Ihis fund vknith has been deswiated tOa551St vthth $tIng tharItaeprOJellsartd emer8lnE need £i¥en ihe Sh1Cante(0T#)rnLctsSures and Lmcertsinty. Thisfvnd has been set asidEtO fDverthewsts assoo41#lwtththe movEtonew pr25 in 2fj18. Restricled FUTr Nati4n¥l Ltstt Commu The wovtslon 0fr derna serKes. rlAdu Thi5proiectwa5 i£Ynrni55ioned byAdultSocial tseto prLMdE snoticfflal supwtforth05EJtten(filli hD5pital for eletti¥esurÈery. IneF da The CErtrKbutiDn frum Robert McPJpine5upportsthewNsion olowstKlal dalty12UPS rk Counal hbourhood Fund5 Thi5 5UPPOIt5ttr.e d1vEofeXerVs2Yjps ir¥vJMmwity5edSetli In&$hElle¢ EKHJ5ing and cal cornrnunitycentre5 The im Farnil -s11 rnernorta Supporbn8thedeli¥eryof¢ur speualisisinkinEwph)r peoplewith demertia The Consortlurn of Oldv Pe5 $tes In SJuthvMk has a t(mtrartwlthAthltk(ial Care to Lwiver Agtyngwell Stsuthwart,. Weareert)e olihe cons¢Ytiuffl proviotys. Thisfvndin8 suppwtstheprthY5ion of ourbefrierKbwseThi Team London Bri Thi5fundin¥5upp£v1SthedelNeryola weeklysoci81 and lunch sothWarkcaUnl The Con5Qrtium ofOldwPeople5 SuvitE5in thwkS a tontrattvAthAthEt S1?1 Careto deli¥er "Agelngwel Southwark,. We3reone0f cwsorioum pr(*thers
TE5TOT PIANCIAL STATEMENTS ENOED 3tsI MAR ANALY&S OF NET ASSETS BEnVEEN FUNDS-31.03.24 Fund5 Tot•1 Tan8lble¥e0 Assets CUrrentAet5 Currtttt Llaèlliues 214 45.331 419,284 45Q.ClXI 168.8651 353233 4%331 48,145 888,659 ID8,8651 867.9J9 19.375 19375 ANAlyS0FNAS$ETS BMVEEN FUNDS-31.03.23 Fut Funds Toul TanglbleFixed Asstts currse Currpnt bilItieS 4.9Z4 292.918 129,3461 268A96 $4JOJ 115.611 54.403 59.327 408,530 129,3461 438,511 115.612 PENSION tOMMtTMENTS The¢hartytomtniled uptc 5% ofgrosssalarSes into tkllE5T Knsion scherre a5 appr bythe 8oaRI ufTru5tee5. Thep2ns(ons c05t th3r8e represents thetortrriLxtboTrspaid by1 charity irytotheSthe and amrwnied 10£17.938 12023-£18,6C¥JI.Atthe end aftheyear the b313nce¢ue the penthi pro¥vJeTwa5 £Nil12023- £2291 14. RELATEO PARTYTRANSAcn&ws Therew¥e no related partytraro8dion5 1 the yEar. OPERAnp4G LEASECOMMITMENT The ¢harityhartroTal eommiLmthtsaithe endundeTOpef*ingleas888xptrw a&toNows". 2023 Lets than l year 2-5yebrs 9.333 49.6iKI 4333 16, TAXAIION The£haritabie Gompany is registered as a chartyand ailof Its1nme(allsWihfft the èxempiion undeipart 11 of thet(Yporation TaxAct 2010. 17. CONTrOL Throughouttheyearthe Gharitywas controlled tyiisiriisie8s. 18. SHARE CAPITAL Th&¢h8rtry is a Eompanylimited nas no$h)re pitaL 26
19. COMPARATIVE STATEMENT OF FINANCIALAcnvinES-YEAR TO 31 MARCH 21)23 Yearerded31 Marth 1023 Year ended 31 Marth 202Z FwNd5 INCOME AND ENDOWMEPUS FROM: DaltiOn4 Grants and LEgaciES VoluTrtary InG¢me 176,232 186.785 363.017 246.140 259.612 505.752 charitabA(hY1tlas-sUppQrtsn6Ow•r Pwle Fundraising Ir5ent IncoFTre London Boroughof SoutPrtAk 34084 3.713 8.656 38.iw 3.713 138.656 49.475 8n 138.656 49,475 872 138.656 TOTAL INCOME 354685 186.785 s43A70 435.143 259.612 694.755 EXPENDITURE FROM: ChaFitableArtivitlFs- Supporti Older Peop 399.729 227532 627.261 394.744 168.459 563,203 RalslnzFunds 21692 22.692 23,475 23,475 TOTAL expENDrruRE 42U21 227532 649.953 418.219 168A59 586,677 Net lncomel1ExndltuT0} befDre Twan51E 165.7361 (4N7471 IIOW31 16J26 glJ53 108,079 Transfe[5 bthveen FuTh15 Reconciliation of Funds.. Totsl Funds atihE #4rtofihE year 388,635 156.359 37L709 65.206 436,915 Total FurKIs ihe erKI of the year Al512 438.511 388,635 IS6,359 544,994 The S[errt of Nnawkl ActfvItleskncdes all£ains aTrl1055es recoRnised in tlyear 27