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← The Elders Council Of Newcastle Limited

2024-03-31-accounts

The Elders Council of

Newcastle

( A company limited by guarantee )

Annual Report and Financial Statements For the year ended 31 March 2024 1 Charity number 1122424 Company number 06188907

Elders Council of Newcastle (A company limited by guarantee) Annual Report and Financial Statements For the year ended 31 March 2024

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||| |---|---| |Contents|Page| |Trustees Annual Report|3-14| |Independent Examiner’s Report|15| |Statement of Financial Activities|16| |(including income and expenditure account)| |Balance Sheet|17| |Notes to Financial Statement Page|18-28|

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Trustees Annual Report for the year ended March 2024

The trustees are pleased to present their annual directors’ report together with the financial statements of the charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the 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 Ireland (FRS 102) (effective 1 January 2019).

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Report from Anne Raffle, Chair of The Elders Council

I am pleased to share with you the latest Annual Report of the Elders Council of Newcastle, which completes our twenty third year of operation.

In this financial period the Elders Council has witnessed significant changes and we now fully employ all three members of staff.

Following the retirement of

Barbara Douglas in August 2023, Clare Levi was appointed as Executive Officer. The role of Development Worker was taken on by Tim Oxley, an experienced community link worker. Administrator Gill Spoor completes the team and we appreciate the valuable support they provide to the Board in the fulfilment of our responsibilities in and to the community.

Two new Trustees were appointed, Diane Scott and Nadem Ahmad, and welcomed to the Board. We said goodbye to four trustees,

We continue to Connect to our members through our excellent communications which are prepared, produced and distributed by member volunteers, with staff support. We thank each one for their time and commitment to the Elders Council.

We Activate our membership by supporting events such as Jesmond Wellbeing (started by the late Vera Bolter) which has just celebrated 10 years in action.

We back petitions affecting older people, e.g. OP Commissioner for England, ticket offices, pensioner rights. Ageism Day of Action - we promote opportunities to ensure older people are heard as we age!

We have been welcomed into local communities at our Meet the Elders Council events.

We sponsored a successful Active Voices course where members have continued to be involved in our work. We want to represent everyone living and working in Newcastle over the age of 50. If you would like to help us deliver our work please watch for opportunities in our bulletin and Magazine.

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We are Influencing policy makers by ensuring the voice of older people is heard in decision making, such as the Newcastle State of Ageing, local budget proposals, Newcastle Future Plan and we continue to collaborate with Public Health and Newcastle University to progress and advance work on an Age Friendly Newcastle. We continue to advocate for a City Cabinet Champion!

The voluntary sector continues to deal with many issues, not least adequate funding, when day to day working costs continue to rise. We greatly appreciate the generous donations made to the organisation over the year from members and friends. This additional support helps to print and post the magazine out to those no longer able to get out and about.

I would also like to take this opportunity to thank our funders – Newcastle City Council, the Kellett fund, Newcastle Culture Investment Fund (Community Foundation) and North East Combined Authority.

Also, our local and national partners, who contribute to and support our work throughout the year.

Looking forward

Our strategy is to continue working in local communities, building on the connections we have made. We will highlight our programme on Research and Impact and continue to support the Age Friendly City commitment. Other local issues such as Health, Transport, Housing and Digital Poverty remain high on the priority list and our member volunteers will continue to participate in local working groups.

If you would like your voice to be heard, please join us on this journey. Together we can be powerful!

During the year ending 31st March 2024 Cal Boal stepped down from the Board of Trustees.

We thank Cal for her contribution to the Elders Council over an 18-month period and wish her well in her new career.

Two Trustees will have completed the maximum term (9 years) in 2024 and will be leaving the Board. We say goodbye to Alan Gowers and Violet Rook and send our appreciation for their long service, and hope they remain involved in our work.

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We Connect

Highlights of our work

The Elders Council has a comprehensive communications programme developed and delivered by its members. We disseminate information about our own work and raise awareness of opportunities, services and issues of interest to older people.

Communication Statistics

----- Start of picture text -----
Facebook
30% increase
in followers &
80% increase
in reach
Website
Radio Show Magazine
Staff & 4
10 volunteers volunteers 4000 printed
and posted
produce this
weekly show 3,200+ sent
online
It is shared on
Facebook and Bulletin 20 volunteers
as a podcast help with the
24 produced
production
838
subscribers; it
is shared on
Facebook
2 volunteers
produce it
----- End of picture text -----

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Social media and website - we have had an increase in social media activity and are using this as one method to engage a broader audience and membership. Our website is home grown by staff and volunteers.

Magazine – after posting to members the rest of the print run is distributed to community venues throughout the city. 20 volunteers are involved with the magazine editorial group and mail out with many more members submitting articles

“Thank you for kindly sending us your Echo magazine, we find it very informative and wouldn’t really know what is happening for us “oldies” without it”. Dennis and Ann from Kenton

Bulletin – this year has seen an increase in the ‘open rate’ and ‘click rate’ of the Bulletin. This means more people open it and then click on a particular item. We have 2 volunteers who produce the bulletin, they are excellent

“I always enjoy reading your bulletin it's so interesting and covers a variety of topics. It must take a lot of work to put it all together and I for one appreciate it very much.” Sandra

Radio show Older Voices – we have 10 volunteers who help make the show, it’s on every week!

“Thanks a lot Steve and for the honour of appearing. It is an excellent programme I thought and very well put together, congrats all round” ! Tony

EC Rider – this is produced every year to show members and older people in general how versatile their concessionary bus pass can be. 3 volunteers put it together.

“Congratulations to the person who compiles the amazing brochure for travels with your bus pass”. Jean

Crowdfunding campaign and quotes

This year we launched a campaign to raise funds for our magazine postage and mailing, and wow what a response. Not just the donations but the feedback we’ve had from people who wanted to contribute to say how much they appreciate the Echo’s publication. This has been a real testament to the value of our member led communications.

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We went on to add to this by crowdfunding and raised more money! Then the North East Combined Authority stepped in and added enough for the full amount we needed.

Thanks to each and every one who donated in such a generous way.

Having spent the morning enjoying the ‘mag mailing’, I came home to a cup of tea and a good read. The Echo is just great – a lovely mix of stories and information - very well presented, clear and easy to read! Well worth £2.62 I would say!!

We Activate

Highlights of our work

We hold events and focus groups where older people’s voices can be heard. We develop partnerships and aim to be as inclusive as possible. We participate in research and work to be creative with projects we undertake

Meet the Elders Council

During the year there were two open meetings, one in October held in the Royal Station Hotel and one in February at Kenton Sports Centre. It was an opportunity for people to

meet new staff and to encourage new members to join. At Kenton 24 people attended and talked about what life is like for older people in Kenton and Fawdon and gave their views on what issues concern them and what information they needed. Attendees came from the area and gave an insight into the area; as well as saying that they would contribute to further conversations and activity.

Neighbourhoods work

Since October, development work in the Kenton and Fawdon areas has built up connections to local older people. Mapping and scoping sought out older people to have conversations with and engage on older issues. Older people are formulating ideas now for local

7

interest activity, via further dialogue and connecting to residents and other groups.

Lesbian Gay Bisexual Trans-sexual Questioning (LGBTQ) connections

This year we’ve initiated conversations with organisations such as Out North East and Solutions 4 Health to understand and address the unique needs of older LGBTQ+ people. LGBTQ+ is an abbreviation for lesbian, gay, bisexual, transgender, queer or questioning. These terms are used to describe a person's sexual orientation or gender identity. We hope to develop our work in this area over the coming months.

Working at the grassroots in communities, the Elders Council engages with the diverse over 50s population, listening and sharing experiences and ideas. We develop creative projects and enable people to have a voice, take a lead and become more active citizens.

Active Voices

Active Voices is an educational course originally devised by a partnership between Elders Council, WEA (Workers Educational

Association) and Newcastle University. It equips participants with skills to engage more actively in civic life and the work of the Elders council.

This course was delivered September to December 2023 by

Moyra Riseborough (previously with WEA) to a group of 6 new Elders Council members. The group are currently planning an intergenerational project with Northumbria University and as individuals are now actively involved in Elders Council activity.

‘It was with trepidation I attended the first Active Voices session. Within minutes I felt relaxed under the experienced guidance of Moira Riseborough, course tutor’ Ron Bell

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The experiences of ageing among South Asian and Chinese women

We worked in collaboration with Newcastle University, artist Sharon Bailey and local groups and organisations to conduce a research project with South Asian and Chinese women, highlighting their challenges and advocating

for their needs within the community. We held a launch event and exhibition of art work and presented our findings to range of organisations and networks both ] locally and nationally.

There is an on-going project with the Chinese Healthy Living Centre group where they are working up a dance routine , towards a show at Dance City in June and a showcase of this at the AGM.

Also, linking with their colleagues at the South Mountain Chinese group, the Chinese HLC are involved in work with an artist in residence to develop an expressive piece of work; linking in with Search on this.

Research

We have initiated 2 exciting new collaborations this year. Our newly formed group of members, the Research and Impact group or RIG will be working alongside the Health Ageing Policy Research Unit part of NIHR (National Institute for Health and Care Research) to act as an advisory group for various pieces of health and ageing related policy research that will be conducted over the next 2 years.

9

We have also developed a partnership with the Ageing and Nutrient Sensing Network (AGENTS), through Newcastle University. This collaboration will see us providing representation and collaborating closely with researchers and students to actively involve members of the Elders Council in nutrition-focused research and dissemination of information.

We continue to promote a wide range of research participation opportunities with our members and our intern will play a pivotal role in the evaluation of this work.

Ageism Action Day

This was the first year for a new action day set up by the Centre for Ageing Better 20 March to challenge ageism. Such an important topic for Elders Council, we embraced the opportunity.

We brought together community organisations and information NOW to share ideas and promote local activities for the day and we had some really interesting discussions on our ageism themed radio show and shared the anti-ageism messages on social media and in our magazine.

In 2023-24 we also held 7 focus groups on a range of topics, including meeting with Urban Green, “OK so you’ll never grown old but just in case can we talk about it”, discussion on Active travel, and Innovation in housing.

We also held 6 events including Getting your Affairs in Order, Activating Space at the Farrell Centre, 2 meet the Elders Council events as well as Barbara Douglas’ (retiring Executive Officer) leaving party.

10

We Influence Po

Highlights of our work

Elders Council takes every opportunity to use the intelligence gathered from older people to influence policy and practice. This may be through responding to consultations, undertaking peer research or representation in research and on patient and public engagement forums.

Age Friendly Newcastle

The Elders Council continues to be a lead partner in this network of organisations. Recent meetings have included discussion around ageism and how we can tackle it together across the city.

Meetings with City Councillors and Officers

In September, the Elders Council engaged in productive discussions with key officials from Newcastle City Council, including Chief

Executive Pam Smith and Deputy Leader Pam Smith Karen Kilgour. Topics ranged from housing Chief Executive to digital inclusion, underscoring our shared commitment to ensuring Newcastle thrives for all ages. We explored opportunities for collaboration with neighbouring councils and discussed the importance of highlighting local ageing data in a State of Ageing report for Newcastle. Pam Smith expressed enthusiasm for ongoing collaboration on Age Friendly Cities initiatives. Additionally, we emphasized the need for older people to be recognized as valuable contributors to the city and advocated for a champion within the cabinet for Age Friendly Newcastle.

Active members of the Elders Council met with council officers in January to provide input on the budget and offered written responses to both the budget and the initial consultation of the NCL plan.

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Members also made a significant contribution to the “working together” co-production plan attending workshops and commenting on accessibility and content of these engagements reflect our commitment to actively participate in shaping policies that impact older people in our community.

Strategic Plan

Our strategic plan is all about our focus for the next 3 years on engaging new members and a more diverse membership; working in communities and sustainability. You can read the full plan on our website www.elderscouncil.org.uk

Our Priorities for 2024-2027

Topics of interest for people aged over 50 include transport, ¢ + housing, health, social care, digital exclusion, employment, ageism, diversity and inclusion and built environment. Elders Council members will engage with these topics using: Creative Projects; Research; Events; our communications programme; focus groups and influencing and having a voice.

Community Development

¢ We will continue to focus on working in local neighbourhoods #* using asset-based community development. We will work with active members to support outreach in our communities.

We will work with diverse communities of older people to ensure they are represented and can take leading roles in the work.

Resourcing

We will demonstrate the evidence of the impact of our work. ¢ We will use this to evidence to support funding applications % to cover our core costs and deliver projects. Active members will be enabled to use their skills more effectively.

Our vision and mission

We want to transform Newcastle into an Age Friendly City, + where growing old is a valued, productive, and happy experience. Our mission is to encourage and support people aged 50 and over to live well and participate actively in society and their communities.

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We aim to

Represent and promote the needs and aspirations of people over 50 in Newcastle and foster an active and diverse membership that is reflected in our communications. Ensure people over 50 are well informed about the issues that affect them and the opportunities available to them. Develop projects and initiatives that give older people a voice. Enable people over 50 to have a voice in shaping policy and practice in the city. Challenge ageism through what we say and do. Older people are an integral not separate part of our society.

Financial Report and Reserves Policy

2024 £ 2023 £ Change
+/-
Income 88,376 88,872 -0.05%
Expenditure 113,527 98,304 +15%
Surplus (Deficit) (25,151) (9,432)
Unrestricted Funds 70,396 92,663 -24%
No. of weeks working capital in
Reserves		 32 49

Another year, another deficit, a further erosion of reserves. Whilst that all sounds very gloomy, it was a conscious decision by the Trustees to pursue this course of action. We, in fact, budgeted for a greater deficit but a combination of increased funding and careful cost management meant that we did better than forecast. Full marks to our staff team.

Of course, we cannot go on making deficits every year and a lot of effort is going into looking at how our finances can be improved. This is likely to be achieved through fund-raising initiatives, on one hand, and continued careful monitoring of our expenditure, on the other hand. All this, however, is set against the backdrop of striving to achieve the aims that we have set out in our current strategy document. Whilst we, of course, recognise the need for financial stability, meeting our charitable objectives is paramount and it is how well we do in that respect that is the true measure of our performance.

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The coming year will bring its own challenges but the board is confident that we have the resources, experience and willingness to meet them head on!

Our Reserves target is to have 6-months of operating costs in hand. At 31 March 2024 we were slightly ahead of target. It is probable that we will need to utilise some of our reserves, again, in year 2024/25 and this will be carefully scrutinised as the year progresses.

Keith Williamson

Treasurer

10[th] July 2024

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THE ELDERS COUNCIL OF NEWCASTLE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES For the ear ended 31 March 2024 I report on the financial statements of The Elders Council of Newcastle Limited for Ihe year ended 31 March 2024, which are set out on pages 15 to 27. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under seclion 144 of the Charities Act 2022 ("the Charities Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145151{bl of the Charities Act), and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the eviden￿ that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no material matters have come to my attention which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act.. or the accounts did not accord with the accounting records., or the accounts did 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 I have come across no other matter5 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. L L,1 David L Kilner FCA Chartered Accountant 7 Eldon Square Newcastle upon Tyne NE1 7JG

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING SUMMARY INCOME & EXPENDITURE ACCOUNT)

For the year ended 31 March 2024

6
7
Other trading activities
8
9
Expenditure on:
10
Operation of the charity
Total expenditure
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
Net income/(expenditure) and net
movement of funds
Charitable activities
Total income
Donations and legacies
Income from:
Investments
Charitable activities
Grants and statutory funding
Notes
Total funds carried forward
Reconciliation of funds
Total funds brought forward
Net income/(expenditure) before
investment gains/(losses)		 Unrestricted
Funds
£
3,425
66,670
2,590
1,691
74,376
95,893
95,893
( 21,517 )
-
( 21,517 )
( 750 )
( 22,267 )
92,663
70,396		 Restricted
Funds
£
-
14,000
-
-
14,000
17,634
17,634
( 3,634 )
-
( 3,634 )
750
( 2,884 )
11,686
8,802		 Total
2024
£
3,425
-
80,670
2,590
1,691
88,376
113,527
113,527
( 25,151 )
-
( 25,151 )
-
( 25,151 )
104,349
79,198		 Total
2023
£
1,760
-
84,579
1,870
663
88,872
98,304
98,304
( 9,432 )
-
( 9,432 )
-
( 9,432 )
113,782
104,350

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

The notes on pages 16 to 24 form an integral part of these accounts.

16

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

Charity Number 1122424 Company Number 6188907

BALANCE SHEET

As at 31 March 2024

Notes £ Total
2024
£		 £ Total
2023
£
Fixed assets
Tangible assets 17 1,101 1,216
Total fixed assets 1,101 1,216
Current assets
Debtors 18 2,010 3,656
Cash at bank and in hand 19 118,164 108,501
Total current assets 120,175 112,156
Creditors:amounts falling due within
one year 20 ( 42,077 ) ( 9,022 )
Net current assets 78,097 103,134
Total assets less current liabilities 79,198 104,350
Total net assets or liabilities 79,198 104,350
Funds of the charity
Unrestricted income funds 70,396 92,663
Restricted income funds 8,802 11,687
Total funds 79,198 104,350

The company was entitled to an exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with the respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The notes on pages 16 to 24 form an integral part of these accounts.

These financial statements were approved by the Board on:

26/06/2024

and are signed on its behalf by: Keith Williamson Trustee

17

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

2 Basis of accounting

2.1 Basis of preparation

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with 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) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2022.

The Elders Council of Newcastle Limited meets the definition of a public benefit entity under FRS 102.

2.2 Preparation of the accounts on a going concern basis

The financial statements have been prepared on a going concern basis. In making their assessment the trustees have reviewed and considered relevant information, including their annual budget and future cash flows. The trustees are of the view that the immediate future of the charity for the next 12 months is secure and that on this basis the charity is a going concern.

3 Income

3.1 Recognition of income

Income is recognised when the charity has entitlement to the resources, any performance conditions attached to the item(s) of income have been met, it is more likely than not that the resources will be received and the monetary value can be measured with sufficient reliability.

3.2 Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by FRS102 SORP or FRS102.

3.3 Grants and donations

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria of income recognition are met.

18

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

3.4 Donated goods and services

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

Donated services and facilities are included in the SoFA when received at the value of the gift to the charity provided that the value of the gift can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with the equivalent amount recognised as an expense under the appropriate heading in the SoFA.

3.5 Volunteer help

The value of volunteer help received is not included in the accounts but is described in the trustees' annual report.

3.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

3.7 Income from membership subscriptions

Membership subscriptions received in the nature of a gift are recognised in donations and legacies.

Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.

The Elders Council of Newcastle Limited do not charge a membership fee.

3.8 Investment gains and losses

This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

3.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

4 Expenditure and liabilities

4.1 Liability recognition

Liabilities are recognised when it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

4.2 Charitable activities

All expenditure is accounted for on an accrual basis. Expenditure on charitable activities includes the costs of work and other activities undertaken to further the purposes of the charity and their associated support costs.

19

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

4.3 Governance and support costs

Support costs have been allocated between governance cost and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.

4.4 Irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

4.5 Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

4.6 Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.

4.6 Pensions

The pension costs charged in the financial statements represent the contribution payable by the charity during the year.

5 Assets

5.1 Tangible fixed assets for use by the charity

Individual fixed assets costing £500 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a reducing balance basis:

Office and computer equipment

25 % Straight Line

5.2 Debtors

Debtors are measured at their recoverable amounts, being the amount the charity anticipates it will receive in settlement of the debt.

20

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of income

6
Donations and legacies
7
Charitable activities
Grant income
Award for All - (Jubilee Fund)
Ways to Wellness - Front Door
feasibility study
Newcastle University Social
Justice Fund (Older BAME
Women)
Other income
Sundry income
8
Other trading activities
Analysis of incomecontinued
9
Income from investments
Newcastle City Council
Kellet - Community Foundation
Donations
Gift Aid
Income from services
Independent Age Grant
Bank interest		 Unrestricted
Funds
£
3,425
-
3,425
59,620
-
-
-
-
-
7,050
66,670
2,590
2,590
Unrestricted
Funds
£
1,691
1,691		 Restricted
Funds
£
-
-
-
-
14,000
-
-
-
-
-
14,000
-
-
Restricted
Funds
£
-
-		 Total
2024
£
3,425
-
3,425
59,620
14,000
-
-
-
-
7,050
80,670
2,590
2,590
Total
2024
£
1,691
1,691		 Total
2023
£
1,095
665
1,760
60,752
-
2,000
9,969
5,000
4,100
2,757
84,578
1,870
1,870
Total
2023
£
663
663

Income was £88,376 (2023: £88,871) of which £74,376 was unrestricted or designated (2023: £68,302) and £14,000 was restricted (2023: £20,569)

21

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of expenditure on charitable activities

10 Charitable activities
Direct costs
Training and conferences
AGM & other member support
Booked transport
Newsletter publication
Newsletter postage & delivery
Publishing and printing
Working groups and other
events
Magazine Printing
Refreshments
Innovation Super Network
Unfolding Theatre
Social Justice Advisory Group
YHN Small Grant
Small Sparks
Other events Room hire
Support costs
Office Stationery
Staff costs
IT and website costs
Sundries
Professional fees
Depreciation
Repairs and Renewals
EC Video
Governance costs
Rent, service charge and telephone
Insurance
Independent examiner's fees for reporting on
the accounts
Legal fee		 Unrestricted
Funds
£
12
1,463
1,184
-
3,022
279
-
3,704
-
-
-
-
-
-
-
5,390
736
70,074
2,479
246
3,745
641
250
1,584
572
500
13
95,893		 Restricted
Funds
£
-
-
-
-
-
295
-
-
-
3,600
-
2,573
750
1,183
-
-
-
9,233
-
-
-
-
-
-
-
-
-
17,634		 Total
2024
£
12
1,463
1,184
-
3,022
574
-
3,704
-
3,600
-
2,573
750
1,183
-
5,390
736
79,307
2,479
246
3,745
641
250
1,584
-
572
500
13
113,527		 Total
2023
£
201
678
322
3,224
3,308
1,031
4,924
-
83
-
7,000
-
-
-
415
5,094
587
63,462
2,439
294
3,773
425
-
-
544
500
-
98,304

Expenditure on charitable activities was £113,527 (2023: £98,304) of which £95,893 was unrestricted or designated (2023: £83,793) and £17,634 was restricted (2023: £14,511)

11 Fees for examination of the accounts

Independent examiner's fees for reporting on the accounts 2024
£
500
500		 2023
£
500
500

There were no other fees paid to the examiner (2023: £nil)

22

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

12 Analysis of staff costs and the cost of key management personnel

Salaries and wages
Social security costs
Pension costs (defined contribution pension plan)		 2024
£
62,681
5,617
1,428
69,726		 2023
£
31,274
2,757
689
34,720

No employee received remuneration above £60,000 (2023: nil)

The key management personnel of the charity, comprise the Trustees and the Executive Officer . The total benefits of the previous Chief Executive of the charity was £9,581 (2023: £28,743). This was a seconded post and therefore is not included in the staff costs analysis above. From August 2023 a New Executive was appointed, the total cost for this position was £25,333.36 this is included in the above saff cost analysis.

Newcastle City Council paid previous the Executive Officer’s Salary from a grant, the balance of which was paid to the Charity. The present Executive officer's salary is paid by the charity.

13 Staff numbers

The average monthly head count was 3 staff (2023: 2 staff) and the average monthly number of full-time equivalent employees during the year were as follows:

Charitable activities
The parts of the charity in which the employee's work		 2024
Number
2.5
2.5		 2023
Number
1.5
1.5

14 Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The employer's pension costs represent contributions payable by the charity to the fund and amount to £1,428 (2023: £689). There was £419 outstanding as at 31 March 2024 (2023: £0).

15 Transactions with trustees

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity.

Trustees' expenses

The following detail the expenses incurred by the trustees.

Keith Williamson
Trustees acting as volunteers were reimbursed travel expenses.		 2024
£
387
387		 2023
£
-
-

23

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Transaction(s) with related parties

The following detail the related party transactions in the reporting period.

Name of the trustee or related
party
Keith Williamson		 Relationship to charity
Trustee		 Description of the
transaction
Unrestricted Donation		 £
387

16 Corporation Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objectives.

17 Tangible fixed assets
£
£
Cost
At 1 April 2023
-
-
Additions
-
-
Disposals
-
-
At 31 March 2024
-
-
Depreciation
Basis
SL
SL
Rate
5%
25%
At 1 April 2023
-
-
Depreciation charge for year
-
-
Disposals
-
-
At 31 March 2024
-
-
Net book value
At 31 March 2023
-
-
At 31 March 2024
-
-
18 Debtors and prepayments (receivable within 1 year)
Other debtors
Prepayments
Trade debtors		 £
-
-
-
-
SL
10%
-
-
-
-
-
-
2024
£
-
2,010
-
2,010		 Office
Equipment
£
2,081
526
-
2,607
SL
25%
866
641
-
1,507
1,215
1,101
2023
£
770
2,383
503
3,656		 Total
£
2,081
526
-
2,607
866
641
-
1,507
1,215
1,101

24

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

19 Cash at bank and in hand

Short term cash investment
Short term deposits
Cash at bank		 2024
£
31,443
25,917
60,804
118,164		 2023
£
60,288
25,172
23,040
108,501

20 Creditors and accruals (payable within 1 year)

Trade creditors
Other creditors
Independent examination of accounts
Deferred income
Pension
P.A.Y.E
Accruals		 2024
£
-
1,413
500
35,518
3,767
419
461
42,077		 2023
£
902
-
500
7,620
-
-
-
9,022

21 Deferred income

Deferred income comprises of advance payments from grants that relate to future periods

Balance carried forward
Amount deferred in year
Amount released to income earned from
charitable activities
Balance brought forward		 2024
£
7,620
( 7,620 )
35,518
35,518

22 Events after the end of the reporting period

No events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.

23 Analysis of charitable funds

Analysis of movements in unrestricted funds For the Year ended 31 March 2024

Unrestricted funds
General unrestricted fund
Totals		 Fund
balances
brought
forward
£
92,663
92,663		 Incoming
resources
£
74,376
74,376		 Resources
expended
£
( 95,893 )
(95,893)		 Transfers
£
( 750 )
(750)		 Fund
balances
carried
forward
£
70,396
70,396

25

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

For the Year ended 31 March 2023

Unrestricted funds
General unrestricted fund
Totals
Purpose of unrestricted funds
General unrestricted fund		 Fund
balances
brought
Incoming
Resources
forward
resources
expended
£
£
£
101,985
68,302
( 83,793 )
101,985
68,302
(83,793)
The 'free reserves' of the charity		 Transfers
£
6,169
6,169		 Fund
balances
carried
forward
£
92,663
92,663

Analysis of movement in restricted funds For the Year ended 31 March 2024

Restricted funds
Newcastle City Council - Small
Grants Programme
YHN Small Grants
Ways to Wellness - Front Door
feasibility study
Newcastle University Social
Justice Fund (Older BAME
Women)
Kellet Community Foundation
Totals		 Fund
balances
brought
forward
£
2,586
-
5,000
4,100
-
11,686		 Incoming
resources
£
-
-
-
-
14,000
14,000		 Resources
expended
£
( 1,183 )
( 750 )
( 3,600 )
( 2,868 )
( 9,233 )
(17,634)		 Transfers
£
-
750
-
-
-
750		 Fund
balances
carried
forward
£
1,403
-
1,400
1,232
4,767
8,802

26

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

Analysis of movement in restricted funds For the Year ended 31 March 2023

Restricted funds
Postcode Lottery
Newcastle Community Health
Fund
Newcastle City Council - Small
Grants Programme
Award for All - Jubilee Fund
YHN Small Grants
Mental Health Concern
Ways to Wellness - Front Door
feasibility study
Newcastle University Social
Justice Fund (Older BAME
Women)
Totals		 Fund
balances
brought
forward
£
4,876
921
6,000
-
-
-
-
-
11,797		 Incoming
resources
£
-
-
-
9,969
1,000
500
5,000
4,100
20,569		 Resources
expended
£
-
( 640 )
( 3,414 )
( 9,962 )
-
( 495 )
-
-
(14,511)		 Transfers
£
( 4,876 )
( 281 )
-
( 7 )
( 1,000 )
( 5 )
-
-
(6,169)		 Fund
balances
carried
forward
£
-
-
2,586
-
-
-
5,000
4,100
11,686

23 Analysis of charitable funds continued

Purpose of restricted funds

Restricted funds represent income resources used for a specific purpose within the charity as identified by the donor.

Postcode Lottery

Newcastle Community Health Fund Newcastle City Council - Small Grants Programme

Award for All - Jubilee Fund

YHN Small Grants

Mental Health Concern

Ways to Wellness - Front Door feasibility study

Newcastle University Social Justice Fund (Older BAME Women)

To provide older people with digital device and tech support to enable them to go on line.

To run community events in West Fenham, Byker and Walker.

A small sparks grant pot to be used in West Fenham, Byker and Walker. To do a creative project with Unfolding Theatre in two neighbourhoods in Newcastle (Fenham and Walker) to produce a performance and film on Age Friendly Neighbourhoods.

To do a small intergenerational project with Kids Kabin, Unfolding Theatre and Treetops (a YHN housing complex for older people)

To produce a brochure for the imAGE festival in October 2022.

To conducting the feasibility study

To highlight and illustrate the experiences of living in Newcastle of older women from South Asian and Chinese communities and what their expectations for themselves are as they grow older.

Kellet Community Foundation

To diversification of membership through development work

27

THE ELDERS COUNCIL OF NEWCASTLE LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 March 2024

For the Year ended 31 March
2024
Between restricted and
unrestricted funds.
For the Year ended 31 March
2023
Between restricted and
unrestricted funds.
Reason for transfer
YHN Small grants balance was transferred to unrestricted
funds to cover the overheads 31/03/2023. This Year £750
was transferred from unrestricted to YHN Small grants to
cover some expenses.
Postcode Lottery, Newcastle Community health fund,
Award for all - Jubilees fund , YHN Small grants and Mental
Health concern projects were completed by 31 March. The
balance was transferred to restricted funds to cover the
contribution to overheads.
Reason for transfer		 Amount
£
( 750 )
Amount
£
6,169

24 Capital commitments

As at 31 March 2024, the charity had no capital commitments (2023 -£nil)

25 Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Cash at bank and in hand
Other net current assets/(liabilities)		 Funds
£
1,101
109,362
( 40,067 )
70,396
Unrestricted		 Restricted
Funds
£
-
8,802
-
8,802		 Total
2024
£
1,101
118,164
( 40,067 )
79,198		 Total
2023
£
1,216
108,501
( 5,367 )
104,350

28