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← Older People's Action In The Locality

2024-03-31-accounts

Older People's Action in the Locality

Charity number 1131792

A company limited by guarantee number 06961204

Annual Report and Financial Statements

for the year ended 31 March 2024

Older People's Action in the Locality

Annual Report and Financial Statements for the year ended 31 March 2024

Contents Page
Trustees' report 2 to 5
Examiner's report 6
Statement of financial activities 7
Balance sheet 8
Statement of cash flows 9
Notes to the accounts 10 to 18

Prepared by West Yorkshire Community Accountancy Service CIO

1

Older People's Action in the Locality

Trustees' report for the year ended 31 March 2024

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Martin Sellens Chair Louise Tanner Treasurer Howard Marshall Resigned July 2023 Peter Ellis Grace Clark Gary Hartley Christopher Hindle Resigned September 2023 Elizabeth Locke Jennifer Ward Resigned January 2024 John Sutcliffe Farooq Muzammal Appointed July 2024 Charity number 1131792 Registered in England and Wales Company number 06961204 Registered in England and Wales Registered and principal address Bankers Welcome In Community Centre Nat West Bank Cambridge and Counties Bank 55 Bedford Drive 491 Otley Road Charnwood Court Leeds Leeds 5B New Walk LS16 6DJ LS16 7YB Leicester LE1 6TE

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 14 July 2009. It is governed by a memorandum and articles of association as amended 18 June 2020. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members.

2

Older People's Action in the Locality

Trustees' report (continued) for the year ended 31 March 2024

Objectives and activities

The charity's objects

The objects are to further or benefit the residents of Cookridge, Holt Park, Ireland Wood, Tinshill, Adel and Bramhope (most of the Leeds 16 postcode) and surrounding areas, particularly but not exclusively for the elderly, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents and to strengthen the local communities in which they live.

The charity's main activities

OPAL reduces social isolation and promotes the wellbeing of older people so that they can live independently in their own homes. We do this by offering opportunities for healthy living and social activities, practical support and an information service.

OPAL is based in and manages the Welcome In Community Centre and Community Cafe. The Centre and Cafe is a facility for all the community and provides a source of revenue for OPAL as well as providing opportunity for integration of older people with the wider community.

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the health and wellbeing of older people.

Achievements and performance

OPAL plays a very important role in many people’s lives and provides, to those who have various needs later in life, an environment where lives are enriched and friendships can flourish. We continue to consolidate our work at the Welcome In Community Centre and serve older people in our area and the wider community. Our membership numbers remain steady whilst many of our activities are at or near capacity and the range of our activities on offer is wide ranging and attractive. The café has seen increased patronage and we continue to get new people visiting us with positive feedback and reviews.

3

Older People's Action in the Locality

Trustees' report (continued) for the year ended 31 March 2024

Plans for future periods

The lack of long-term funding poses a significant challenge for OPAL. To address this, we are actively developing a comprehensive fundraising strategy that includes individual donations, corporate sponsorships, and grant applications to secure our financial stability. Additionally, we are committed to reducing operational costs wherever possible. As part of this effort, we are implementing measures to lower our carbon footprint, which will further help in minimising expenses.

We are also focused on strengthening our partnerships with health and social care providers, local businesses, and other agencies to create a robust support network for older adults and the broader community.

In January 2024, we launched the Community Transport project, which aims to enhance accessible transport for older and disabled individuals within our community. We plan to further develop this initiative to ensure it meets the growing needs of those we serve.

Lastly, we will continue to consolidate our existing services and activities at OPAL and Welcome In, ensuring we effectively meet the needs of older adults and the wider community.

Financial review

The net income for the year was £67,969, including net expenditure of £8,982 on unrestricted funds and net income of £76,951 on restricted funds after transfers.

Reserves policy

The Trustees of the Charity have established a reserves policy whereby free reserves held by the charity should be within the range of four and seven months of the resources expended in the operation of the charity, which equates to between £165,667 and £289,917 based on budgeted expenditure of £497,000. At this level, the Trustees feel that they would be able to honour their commitments to staff and creditors. The purpose of the reserves is to ensure that OPAL is resilient to, and has the capacity to manage unforeseen financial challenges.

The charity's free reserves, excluding fixed assets, at the year end were £188,977.

The calculation for the reserves is as follows:

The total funds held at the year end were £863,369. Restricted funds were £111,587, leaving £751,782 in unrestricted funds. Excluding fixed assets of £562,805 leaves £188,977 as unrestricted free reserves. Free reserves at the previous year end were £211,372.

4

Older People's Action in the Locality

Trustees' report (continued) for the year ended 31 March 2024

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts 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 the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities 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 financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

approved by the board of trustees on 21 August 2024

Louise Tanner (Trustee)

5

Older People's Action in the Locality

Independent examiner's report to the trustees of Older People's Action in the Locality

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024, which are set out on pages 7 to 18.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Bostrom FCIE

11 September 2024

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

6

Older People's Action in the Locality

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2024

Notes
2024
Unrestricted
funds
£
Income from:
Donations and legacies
(2)
36,842
Charitable activities
(3)
149,098
Other trading activities
(4)
19,234
Bank interest
8,370
Other income
90
Total income
213,634
Expenditure on:
Charitable activities
(5)
267,257
Total expenditure
267,257
Net income / (expenditure)
(53,623)
Transfers between funds
(6)
44,641
Net movement in funds
(8,982)
Fund balances brought forward
760,764
Fund balances carried forward
(6)
751,782		 2024
Restricted
funds
£
323,969
81,324
-
-
-
405,293
283,701
283,701
121,592
(44,641)
76,951
34,636
111,587		 2024
Total
funds
£
360,811
230,422
19,234
8,370
90
618,927
550,958
550,958
67,969
-
67,969
795,400
863,369		 2023
Total
funds
£
151,110
203,538
10,231
2,836
1,105
368,820
422,522
422,522
(53,702)
-
(53,702)
849,102
795,400

All incoming resources and resources expended derive from continuing activities.

7

Older People's Action in the Locality

Balance sheet

as at 31 March 2024
2024
Unrestricted
£
Fixed assets
Tangible assets
(7)
562,805
Total fixed assets
562,805
Current assets
Debtors and prepayments
(8)
4,519
Current asset investments
(9)
161,609
Cash at bank and in hand
(10)
29,708
Total current assets
195,836
Current liabilities:
amounts falling due within one year
Creditors and accruals
(11)
6,859
Total current liabilities
6,859
Net current assets / (liabilities)
188,977
Net assets
751,782
Funds
Unrestricted funds
751,782
Restricted funds
-
Total funds
751,782		 2024
Restricted
£
-
-
4,340
-
107,247
111,587
-
-
111,587
111,587
-
111,587
111,587		 2024
Total
£
562,805
562,805
8,859
161,609
136,955
307,423
6,859
6,859
300,564
863,369
751,782
111,587
863,369		 2023
Total
£
545,360
545,360
8,092
105,930
162,816
276,838
26,798
26,798
250,040
795,400
760,764
34,636
795,400

For the year ending 31 March 2024 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who are also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 21 August 2024

Louise Tanner (Trustee)

8

Older People's Action in the Locality

Statement of cash flows

for the year ended 31 March 2024

Cash flows from operating activities:
Net cash provided by (used in) operating activities
Cash flows from investing activities:
Bank interest
Purchase of tangible fixed assets (excluding donated assets)
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Repayments on borrowing
Cash inflows from new borrowing
Net cash provided by (used in) financing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Adjustments for:
Depreciation charges
Bank interest
Loan interest
(Increase) / decrease in debtors
Increase / (decrease) in creditors
Net cash provided by (used in) operating activities
Analysis of cash and cash equivalents
Notice deposits
Total cash and cash equivalents
Reconciliation of net movement in funds to net cash flow
from operating activities
Net movement in funds for the reporting period (as per the
statement of financial activities)
Cash in hand		 2024
£
86,267
8,370
(64,819)
(56,449)
-
-
-
29,818
268,746
298,564
2024
£
67,969
47,374
(8,370)
-
(767)
(19,939)
86,267
2024
£
224
298,340
298,564		 2023
£
4,451
2,836
(2,801)
35
(28,876)
-
(28,876)
(24,390)
293,136
268,746
2023
£
(53,702)
32,663
(2,836)
1,221
3,105
24,000
4,451
2023
£
201
268,545
268,746

9

Older People's Action in the Locality

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies

Basis of accounting

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 financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year.

No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated goods for resale are valued at the amount actually realised upon their sale.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Tangible fixed assets

Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt.

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:

Fixtures and equipment: over 5 years

Leasehold improvements: over the life of the lease

10

Older People's Action in the Locality

Notes to the accounts

for the year ended 31 March 2024

1 Accounting policies continued

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

11

Older People's Action in the Locality

Notes to the accounts continued

for the year ended 31 March 2024

2 Donations and legacies
Brighter Days
Harrison and Potter Trust
Leeds City Council (LCC)
Leeds Community Foundation (LCF)
Leeds Older Peoples Forum (LOPF)
Motability Foundation
National Lottery Community Fund (NLCF)
Sanctuary Housing
Voluntary Action Leeds
Windmill
Barca
Co-op Local Community Fund
Leeds Civic Trust
Leeds Convalescent Society
Leeds Culture Trust
Local Care Partnership (LCP)
Other grants and donations (including gift aid)
3 Charitable activities income
LCC Adult Social Care service provision
Café
Groups, events and activities
Memberships
Room hire		 2024
Unrestricted
funds
£
-
-
192
-
-
-
-
-
-
-
-
-
-
-
-
-
36,650
36,842		 2024
Restricted
funds
£
1,148
4,200
30,100
24,178
60,215
168,618
3,140
4,340
21,900
2,000
-
-
-
-
-
-
4,130
323,969		 2024
Total
funds
£
1,148
4,200
30,292
24,178
60,215
168,618
3,140
4,340
21,900
2,000
-
-
-
-
-
-
40,780
360,811
2024
Total
funds
£
81,324
49,810
65,388
6,977
26,923
230,422		 2023
Total
funds
£
-
5,530
38,490
8,588
51,400
-
-
-
13,750
-
1,500
3,854
450
500
400
3,125
23,523
151,110
2023
Total
funds
£
80,646
42,956
57,576
7,693
14,667
203,538
Other trading activities
Fundraising
Events
Sponsorships
Rental income		 2024
Total
funds
£
11,016
2,958
1,774
3,486
19,234		 2023
Total
funds
£
1,779
607
115
7,730
10,231

4 Other trading activities

12

Older People's Action in the Locality

Notes to the accounts continued

for the year ended 31 March 2024

5 Charitable activities expenditure
Activities
undertaken
directly
£
Charitable activities
375,718
375,718
5a Support costs
Support cost type
Management and admin salaries
Financial management support
Payroll fees
IT support
Independent examination
Meeting costs
5b Charitable activities expenditure detail
Salaries NI and pensions
(8c)
Payroll costs
Staff travel expenses
Training
Volunteer expenses and training
Events and activities
Café supplies and equipment
Equipment and materials
Premises costs
Phone, postage and internet
Computers and IT
Printing and stationery
Memberships and subscriptions
Insurance
Hospitality and sundry costs
Governance costs
Independent examination
Repairs and maintenance
Depreciation
Loan interest
Vehicle running costs
Grants payable		 Grant
funding of
activities
£
92,204
92,204
2024
Unrestricted
funds
£
143,944
-
281
-
40
38,444
17,382
2,236
10,253
-
-
97
-
-
76
-
-
7,064
47,374
-
66
-
267,257		 Support
costs
£
83,036
83,036
2024
Restricted
funds
£
95,175
2,322
722
2,513
429
44,971
4,660
1,053
26,447
6,317
4,247
1,712
1,345
5,464
107
1,696
1,449
231
-
-
3,452
79,389
283,701		 2024
Total
cost
£
550,958
550,958
2024
Total
cost
£
68,461
6,577
2,322
3,977
1,449
250
83,036
2024
Total
cost
£
239,119
2,322
1,003
2,513
469
83,415
22,042
3,289
36,700
6,317
4,247
1,809
1,345
5,464
183
1,696
1,449
7,295
47,374
-
3,518
79,389
550,958		 2023
Total
cost
£
422,522
422,522
2023
Total
cost
£
66,393
6,643
2,052
4,069
1,449
26
80,632
2023
Total
cost
£
230,432
2,052
1,298
599
589
79,444
20,053
2,520
25,439
5,675
4,339
532
4,532
4,989
291
324
1,449
4,081
32,663
1,221
-
-
422,522

13

Older People's Action in the Locality

Notes to the accounts continued

for the year ended 31 March 2024

----- Start of picture text -----
||||| |---|---|---|---| |5c|Staff costs and numbers|2024|2023| |£|£| |Gross salaries|219,881|214,332| |Social security costs|15,095|14,986| |Employment allowance|(5,000)|(5,000)| |Pensions|6,233|6,114| |Freelance workers|2,910|-| |239,119|230,432|

----- End of picture text -----

The average number of employees during the year was 12.4, being an average of 8.2 full time equivalent (2023: 12.5, 8 FTE). There were no employees with emoluments above £60,000.

----- Start of picture text -----
|||| |---|---|---| |Defined contribution pension scheme|2024|2023| |£|£| |Costs of the scheme to the charity for the year|6,233|6,114| |-|-| |Amount of any contributions outstanding at the year end| |-|-| |Amount of any contributions prepaid at the year end|

----- End of picture text -----

5d Grant making

----- Start of picture text -----
|||||| |---|---|---|---|---| |Project or activity|2024|2023|2024|2023| |Grants to|Grants to|Grants to|Grants to| |institutions|institutions|individuals|individuals| |£|£|£|£| |-|-|-| |Motability Partnership|79,389| |-|-| |Household support vouchers|12,815|11,876| |Total|79,389|-|12,815|11,876| |Motability Partnership|To purchase own wheelchair accessible car and minibus as well as employ| |a Transport Coordinator enabling Opal to develop their transport offer.| |Household support vouchers|To give ASDA shopping vouchers to individuals and families identified as in| |need.|

----- End of picture text -----

14

Older People's Action in the Locality

Notes to the accounts continued

for the year ended 31 March 2024

6 Restricted funds
LOPF Brighter days
Local Care Partnership (LCP)
LCF Lunch clubs
LOPF Enhance
LCC Housing Advisory Panel
Harrison and Potter 1
Harrison and Potter 2
LCC summer holiday
LCC ASC grant
LCC ABCD
LCC Little Library
LCC Public Health
LCC Small Sparks Fund
Leeds Civic Trust
Leeds Convalescent Society
LOPF Refreshments
LOPF Warm spaces
LCC MICE
Motability Foundation
Donation for lifting equipment
LCF Resilience
Sanctuary Housing
LCC Solar panels
NLCF Sport England
LCF Stay well this winter
Voluntary Action Leeds
Voluntary Action Leeds
VAL Welcome space
Windmill Comm. Transport
LOPF Covid transport		 Balance b/f
£
-
2,143
-
5,621
525
2,115
-
-
1,508
21,418
-
-
456
450
400
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
34,636		 Incoming
£
1,148
-
7,416
52,920
-
-
4,200
700
81,324
25,000
1,300
500
-
-
-
50
2,245
150
168,618
4,130
15,000
4,340
2,450
3,140
1,762
16,700
1,200
4,000
2,000
5,000
405,293		 Outgoing
£
1,148
2,143
7,416
52,939
525
2,115
3,224
700
57,140
20,740
1,300
500
323
150
400
50
2,245
-
86,346
-
13,505
701
-
1,901
1,550
14,440
1,200
4,000
2,000
5,000
283,701		 Transfers
£
-
-
-
-
-
-
-
-
(5,560)
-
-
-
-
-
-
-
-
-
(34,951)
(4,130)
-
-
-
-
-
-
-
-
-
-
(44,641)		 Balance c/f
£
-
-
-
5,602
-
-
976
-
20,132
25,678
-
-
133
300
-
-
-
150
47,321
-
1,495
3,639
2,450
1,239
212
2,260
-
-
-
-
111,587

Fund name

LOPF Brighter days Local Care Partnership (LCP) LCF Lunch clubs LOPF Enhance LCC Housing Advisory Panel Harrison and Potter 1 Harrison and Potter 2 LCC summer holiday LCC ASC grant

LCC ABCD LCC Little Library LCC Public Health LCC Small Sparks Fund Leeds Civic Trust Leeds Convalescent Society LOPF Refreshments LOPF Warm spaces

Purpose of restriction

To provide Christmas hampers Towards the cost of providing warm spaces Towards the luncheon club costs

For support with hospital discharge and prevent hospital admission Towards peer support group costs addressing mental health problems To fund exercise classes

Towards Friday social, Christmas banquet and Christmas dinner Towards providing childrens summer holiday activites

For OPAL's work supporting older people. The transfer relates to the purchase of fixed assets for the general purposes of the charity. To deliver the ABCD project

To install a free library on the Silk Mill housing estate Towards peer support groups with long term health conditions To distribute to community members for community development work Towards a community bench To extend the provision assisted shopping Towards refreshments Warm space provision

15

Notes to the accounts continued

Older People's Action in the Locality

for the year ended 31 March 2024

6 Restricted funds continued

Fund name LCC MICE Motability Foundation

Donation for lifting equipment

LCF Resilience Sanctuary Housing

LCC Solar panels NLCF Sport England LCF Stay well this winter Voluntary Action Leeds Voluntary Action Leeds VAL Welcome space Windmill Comm. Transport LOPF Covid transport

Purpose of restriction

Bus fares for walking group

Provision in conjunction with AVSED of transport services. The transfer relates to the purchase of a wheelchair accessible vehicle and a minibus. Individual donation for the purchase of lifting equipment. The transfer relates to the purchase fixed assets for the general purposes of the charity. Grant to help build up strategies for future

For a Community event, Women's Peer support Group and Bereavement Support Group Towards providing solar panels at Welcome In Provision of adapted sports sessions Towards cost of providing warm spaces Warm space provision Warm space provision

Towards cost of providing welcome space at Welcome In Towards cost of transport for day trips

Towards transport costs for Covid vaccinations

Tangible assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Debtors and prepayments
Prepayments
Accrued income
Current asset investments
Cash equivalents on deposit		 £
-
34,951
34,951
-
8,738
8,738
26,213
-
Motor
vehicles		 £
692,233
-
692,233
156,461
28,226
184,687
507,546
535,772
Leasehold
property		 £
29,113
29,868
58,981
19,525
10,410
29,935
29,046
9,588
2024
£
-
8,859
8,859
2024
£
161,609
161,609
Fixtures
and
i
t		 Total
£
721,346
64,819
786,165
175,986
47,374
223,360
562,805
545,360
2023
£
1,567
6,525
8,092
2023
£
105,930
105,930

7 Tangible assets

8 Debtors and prepayments

9 Current asset investments

16

Older People's Action in the Locality

Notes to the accounts continued

for the year ended 31 March 2024

10 Cash at bank and in hand
Cash at bank
Cash in hand
11 Creditors and accruals
Creditors
Amounts received on account for contracts / performance related grants
Accruals		 2024
£
136,731
224
136,955
2024
£
5,410
-
1,449
6,859		 2023
£
162,615
201
162,816
2023
£
4,509
20,840
1,449
26,798

12 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Other related party transactions

During the year, Matthew Sellens (son of Martin Sellens) was paid £2,600 in respect of security and caretaking at the Welcome in (2023: £2,735). Authority for the payment is provided for by the charity's governing document.

13 Operating leases

Within one year
In the second to fifth years inclusive
Over five years from the balance sheet date
Expected future minimum lease payments over the remaining life of the
lease, analysed into the period in which the commitment falls due:		 2024
£
132
528
1,738
2,398		 2023
£
132
528
1,870
2,530

17

Older People's Action in the Locality

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2024

2024
2023
Unrestricted Unrestricted
funds
funds
£
£
Income
Donations and legacies
36,842
23,523
Charitable activities
149,098
122,892
Other trading activities
19,234
10,231
Bank interest
8,370
2,836
Other income
90
1,105
Total income
213,634
160,587
Expenditure
Charitable activities
267,257
186,417
Total expenditure
267,257
186,417
Net income / (expenditure)
(53,623)
(25,830)
Transfers between funds
44,641
-
Net movement in funds
(8,982)
(25,830)
Fund balances brought forward
760,764
786,594
Fund balances carried forward
751,782
760,764		 2024
Restricted
funds
£
323,969
81,324
-
-
-
405,293
283,701
283,701
121,592
(44,641)
76,951
34,636
111,587		 2023
Restricted
funds
£
127,587
80,646
-
-
-
208,233
236,105
236,105
(27,872)
(27,872)
62,508
34,636		 2024
Total
funds
£
360,811
230,422
19,234
8,370
90
618,927
550,958
550,958
67,969
-
67,969
795,400
863,369		 2023
Total
funds
£
151,110
203,538
10,231
2,836
1,105
368,820
422,522
422,522
(53,702)
-
(53,702)
849,102
795,400

18