COIWIPANY REGISTRATION NUMBER: 6946097 CHARITY REGISTRATION NUMBER: 1132051 Action Foundation Company Limited by Guarantee Financial Statements 31 March 2024 'PDDKW60Q• 1211012024 COMPANIES HOUSE A20
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STEPHENSON COATES AUDIT LIMITED Chartered accountant & statutory auditor West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
Action Foundation Company Limiled by Guarantee Financial Stalements Year ended 31 March 2024 Page TnJst¢es' annual report (incorporating the dir¢¢tor's report) Independent auditor's report to the members Statemeni of financial activities (including income and expenditure account) Statement of financial position 12 Statement of cash flows 13 Notes to the financial Slalements 14
Action Foundation Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directors, Report) Year ended 31 March 2024 The trustees, who are also the directors, for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024. Reference and administrative details Registered charity name Action Foundation Charlty reglstration number 1132051 Company registration number 6946097 Principal office and registered office The CastleGate Melbourne Street Newcastle upon Tyne NEI 2JQ The trustees W A Coulson M F Hall (resigned 13 October 2023) D Lyall G S Mandell R Naeb G Okai (resigned 23 May 2024) H Young (appointed I l January 2024) S Hamilton (appointed 7 March 2024) Company secretary & Chief Exeeutive D McAuley Auditor Stephenson Coates Audit Limited Chartered accountants and statutory audiior Wesl 2, Asama Court Newcastle Business Park New¢a5tle upon Tyne NE4 7YD Bankers Co-operative Bank pl¢ PO Box 250 Skelmersdale . WN8 6WT Unity Trust Bank plc Nine Brindleyplace Birmingham BI 2HB
Action Foundation Company Limited by Guarantee Trustees, Annual Report (Ineorporating the Directors, Report) (continued) Year ended 31 March 2024 Structure• governanee and mAnAgement overnin document Aciion Foundation is a company limited by guarantee, governed by its Memorandum and Articles of Association. The haritable company was incorporated on 27 June 2009 with registraiion number 6946097. 1¢ has been registered as a charity wilh ihe Charity Commi55ion, number 1132051 since 9 October 2009. There are currently seven members, each of whom agree lo contribute £ l in the eveni of the charitsble company winding up. nl The number and skills of directors is re8ularly reviewed and any gaps idcnlified. Exisling member5 then approach sultable candidates who are invited to attend m¢etings, inilially as observers, before being formally invited to join the board following discussion and references. Direciors shall hold office for a term of four years but shall be eligible to hold office for furth¢r terms of four years indefinitely. Ai le&%1 one irustee must be an elder of City Church. Newcastle. ani The ChIlable company is organised so that the direciors meet regularly io review lis affairs and sci objeciives. There is a full- lime Chief Executiv¢ support¢d by a management team 10 manoge day to day activilies. There is 8 close relaiionship wilh City Chur¢h Newcastle who founded the charity and provide ongoing support with offi¢¢ spa¢e and facilities at their building, clleGate as well as having a requirement to have at least one City Church elder as a Trustee of Action Foundation. k mana ement The directors have agreed to examine, on an annual basis, Ihe major risks faced by ihe charitable company. These risks include finllntial. operational and regulatory. System5 are in place to minimise these risks, including preparation of regular financial reports, maintenance of insurance and managemenl rcvicws. These 5yslems are reviewed periodically to ¢nsur¢ the needs of the charitable company are bcing met. Decision makin arran nl Corporate priorities and the oyerall financial strategy for Ihe Chariry are sel by the Board of Trustees. The responsibility for ensuring that Ihese priorities and slralegies are delivered is delegated lo Ihc Chief Ex¢¢utiv¢ Officer. Decisions on annual salary awards, si8nificani or unusual expenditure and new projects of strategic si8nificanc¢ are reserved for Truslees. The Board of Trusiees is assi51ed iti ils work by six sub-groups. The Sub Group5 ar¢ r¢sponsible for more detailed oversighi of specific areas of operationlactivity and can consider proposals from senior management and make recommendations lo the Board of Truslecs. In Indu¢tion plans are uscd for Trustee induction and scl oul specific ilems to be covered. by whom and Ihe targel dates for compleiion of each item irt the induction pl&n. A specific sei of training requirements is in place which all Trusiees must und¢r80. ettin and remuneration Salaries are reviewed annually by the Finance Sub Group with the assistance of the Chief Executive Officer. An established salary scale exists and all staff are placed on sp¢cific poinls within a Salary banding. Crilcria used in setting pay include cost of living uplift and incremental progr¢s5i0n infornjed by staff appraisal. Objectives and artivities The charitable company's objects ar¢: The preveniion andlor relief of poverry by the provision of advice and assistance to the public including to refug¢es. asylum seekers. migrant workers and their dependents particularly by ihe provision of education and training iviih a view to fa¢ilitaling job creation and Work opportunities for such persons and by the provision of housing and accommodalion for persons in need of such provision and the improvement of housing and living cot)diiions for such persons,.
Action Foundation Company Limited by Guarantee Tru5tees' Annu81 Report (Ineorporating the Directors, Report) (coniinued) Year ended 31 March 2024 Objectives and a¢¢ivtties (Contined> Th¢ advancement of education {including mental, physical, social and healih education) by the provision of hooling. Iraining and advisory services- The advancement of environmental protection or improvcmenl particularly by educating the public in the conservation, protection and improvement of the physical and natural environment. and by the promotion of waste reduction, reeyeling and by addressing the causes of climate change. The rcli¢f of those in need by re&son of their youth. age, ill health. disability, financial hardship or other disadvantage, particularly by supporting or &55iSting persons suffering or recovering from substance abuse, eating disorders, prostittltion or persons in similar situations who are in need of charitable support: and The promotion of human righis particularly by ihe support of ihose suffering from human ri8his abuses and/or issues of injustice perpetrated by individuals. groups or governments on the grounds of race, rcli8ion, colour, sex. sexual orientation, disability. political ViewCtIVitIes, ethnicity or medical or other condition. The main activiti¢$ undertaken in relation to these objects are.. Accommodgtion Services sin - provides free accommodation and support to destitut¢ migrants With no rc¢our5¢ to publi¢ funds to try and resolve their immigration status and plan for iheir tre. manages property and provides supported accommodalion lo homeless refugees lo cnablc them lo progress on to ind¢p¢nd¢nl livin8. Languagt Learning - provid¢s fr¢e English language classes. di8ilal inclusion and employability support lo migranls nol able to access provision elsewhere InterAetion - provides social inclusion, advice and welfare support through drop-in, outreach and casework activities in Tyne & Wear. Young Llve$ - provides young refugees and asylum seekers and families with social spaces lo reduce social isolation, aid with homework and English Language ability, build confidence and meet their immediate needs. Achievement$ And performance This year was a significant one for Action Foundation. seeing record numbers of clienis supported and significant progress against our siralegic plan. Our services reached over 3.200 individuals and in January 2024 we launched our new serviee. Young Lives and toward the end of the year we remodelled our Language servi¢e lo include employability provision. rebranding il 'Language and Learning, a result. The principal challenge we faced was of an uncenain political and economic climal¢. bul Slr¢ngth¢n¢d by th¢ work loward our strategie priority to, 'Build our sustainability and readiness lo respond lo a ¢han8in8 environmenl" we have increased our 0ra(10nal res¢rv¢5, added sthff capacity and expand¢d our networking activity. We have continued to strenhen the managemeni and governance of the organisation, both by welcoming Mark Hall as Head of Cli¢nl Service5 (formerly a Trust¢¢) and by welcoming Helen Young and Sally Hamilton io our Board of Trustees. They bring significanl ¢xperienc¢ in clinical psychology, therapy and Ihe Pr¢v¢nt agenda as well as broadening the alr¢ady diverse backgrounds present within our trustee group. We sadly said goodbye to our wonde1 patron Ri Revd Paul Butler, Bishop of Durham. at our Wint¢r c¢l¢bration evenl in D¢cember 2023. We had a chance to thank Paul for his committed support for Action Foundation for many years and wish him health and happines5 in his r¢liremenl. In 2023-2024 we compleled the first full year of our Five-Ye&r Strategic Plan. which was developed iyith Yarious siakeholder groups including staff. volunleers, clients and partner or8anisalions. Th¢ Plan remains a focus of our attention and drives forward system changes over fuiure years. We reviewed our Yeur I progress against our agreed metrics and found sueeess in developing our Young Lives service, stepping into employability and launching a new Customer Relations Management (CRM) system. Inforni. Taking slo¢k of our pro8r¢ss, w¢ have given further focus in 2024 to strategic thematic elements such as client engagement, the voice of lived experience. equality diversity and inclusion and partnership working. Our Five-year Strat¢gi¢ Plan a5 well as our Putpos¢ and Value5 5tatem¢nts Can be found on our website.
Action Foundation Company Limited by Guarantee Trustees, Annual Report Oncorporating the Directors, Report) (eoftrinueéj Year ended 31 March 2024 A¢hi¢vemeThts and performanc¢ (continued) As part of the Dats ProjecL a four-year projeci nded by the Paul Hamlyn Foundation whi¢h is now in ils final year (endin8 in early 2025), in 2023 we began work with Homeless Link lo implemenl a CRM {Sal¢sforc¢) system, Inform. The developmeni of the system allowed a.root and branch" review of our clients support processes and data. Inforn) went live in early 2024 and delivers systematic approach to case management across ¢lient services, including ihe recording of robust data that can be reviewed and reported'live" and provide quality management data across all our services. The mainstream media and political policy landscape has continued lo be ¢hall¢ngin& especially in the run up lo the 2024 UK General Election. With a backdrop of unpre¢edenl¢d immigration process backlogs, in April 2023 the Illegal Migration Aet was passed into law meaning thai Ihose who Arrive into the UK via an irregular route have no right to seek safety and will b¢ detained. In fY4cI, Ihis has meant people seekin8 asylum both before the Aci and aftcr rem&ined in a stat¢ of permanent'limbo" This law was followcd in April 2024 by ihe Safely of Rwanda Act s¢1 io d¢port "illegal" migrants 10 Rwanda. This Policy and media environment has tested the resilience of our clienls. volunt¢¢r5. Tnjstees and employees, none mor¢ so in the autumn and winter of 2023124, when the number of hom¢les5 r¢fug¢¢s seeking our support spiked. The Government's rushed decision lo"cl¢af' some of ihe immigration backlog, with no consideraiion of stretched homele55 5ervic¢s or low supply of homes. meant we saw a marked increase in desiiluiion and rough sleepers seeking help, shelter and e55¢niials. We thank the National Lottery for supporting us at thi5 time through their Cost of Living fund. so we tould continue lo house, feed and support homeless people. We continue to focus on partnership working with other homelessness organisalions and io increase the number of bedspaces we Can provide to home1¢55 r¢fug¢¢s and dcslilule asylum seekers. As pan of our 2023 Winier Campaign, 'Raise the Roof., Moh5¢n. a Lettings Clienl said.. was so happy when I found out I can stsy in Ihc UIC but when I was iold I had lo move out, I feli like l am neglected." On receiving an offer of a¢¢ommodalion from us Mohsen commenl¢d: 'Ii was the best news I could hope for. My room is comfortable. clean and I have a very good Action Fourtdalion support worker. She's helped me find a GP, make a dcntist appointment and sign up for Universal Credit. She's also helping me find somewhere lo liY¢ long-lerm Ihar is not loo expensive. I know she is there if I need anhing., We continued with a focus on influencing for Aliernatives to Detention, linking wilh European and naiional partners in 2023 to build drt evidence base. Wc have proved a workable solution by delivering inierventions through our Housing project and collaborating with th¢ UK Home Office to deliv¢r ihe firsi Aliemative io Detention pilot in three years ago. Young Llves In December 2023, we were delighted to w¢l¢om¢ Bridget Siratford MBE to thc Action Foundation team io sel up and deliver our firsi family and young person's service, Young Lives, for refugees, asylum seekers and migranis. This was identified by clients &8 a key servic¢ that was required to meet Ihc needs of the communities we support. Already the servi¢e has 5UPPOrted 175 children through regular youih groups in Newcastle and Gateshead to connect %vith other5 and provide a space for learning. The re8ular 8roup5 are 5upplemenled through smaller group activities such as $urfin8, skaieboarding and day5 away raising their resilience and confidence. Young Lives h&$ added a very positive and new dynamic lo our connection with clients and invigorated our siaff and volunteer teams by viewing our or8anisalion and communities through the lens of Children and young people. InterArtion As in previous y¢S this service has continued to see large number5 ac¢¢55 SUPPOrt. We have been successful in expanding our casework provision through ihe recruitment and training of both staff and volunteers and deliver this support in the context of a trauma informed environmen( predominantly within the coniex( of a wttkly drop-in. Our work in South Tyneside has grown subsiantially over the year. Wc havc embedded ourdirecl casework wilh clienis Ihrough social prescribing by linking clients to local health services and community services, and from summer 2023 extended our provision to focu5 on Social inclusion and volunteering for clients to reduce loneliness and isolation. We have continued our collaboration with STARCH, the Primary Care Network and South Tyneside Council, and reached a wider network of smaller community-based projects that have benefits io client welfare.
Action Foundation Company Limlted by Guarantee Trustees, Annu81 Report (Ineorporating the Directors, Report) (conlioued) Year ended 31 March 2024 Achievements And performance {contiued) Bclween April 2023 and March 2024, we recorded alm0513.900 aiiendances at our Newcastle Drop-ins and supporting 2,415 people ihrough our casework. This was all achievable wilh the d¢dication and support of more than 33 volunteers, 800/0 of whom have lived experiences of seeking asylum. Language and Lt8rning li has been an exeiling and changing year for our Aciion Language service, now called Language and Learning. Our free unaccredited fomial ESOL cl&8ses, delivered by over 70 aMIng volunteers, is hard lo fvnd, but immensely valuable lo clienls unable to acc¢s5 Qr not ¢onfid¢nt lo access mainstream ESOL provision. We recalibraled the service io focus on attendance levels. progT¢SS roules for clients. ¢lienl n¢cd5 and quality leaching conteni. This naturally led us to exiendin8 our model to digital inclusion and employability as complementary off¢rs for ¢li¢nis in th¢ir progression. We have coniinucd our class based ESOL in Sunderland and Newcastle. which hav¢ Continued to be supplemen(ed by online classes for those studying al higher levels. as well as smaller literacy groups. From April 2023 until Mar¢h 2024 more than 562 peopl¢ attended our fr¢¢ English languag¢ cla55¢5 from 69 different nationalities. Across both Newcastle and Sunderland our 51aff and volunieer5 delivered 882 in-p¢rson class¢s, supplemented by online classes. 54 dedicated Volunteers gave their lime freely to support our Language and Learning service. We also delivered women's only provision in parthership with Ihc Wesl End Women's and Girls C¢nlr¢. Thi5 provision, specifically designed for women provided an appropriate space and childcare lo ¢ncoura8e participalion in leamin8, 26 women participaied in 18 classes in 2023, one leamer said.. 'Ii's very important for me. and il'5 Uful and helps enable mc 10 make some friends" We are looking forward io achieving success in our new employability and di8ithl skills support services in the coming year. Accomrnod8tion Services The need for our supported accommodation continued lo grow in 2023124. with a sharp ri% in homel¢ssness in our communities. We provided 8 safe home and support io 118 homeles5 individuals from 20 differenl nalionalitics. Overall w¢ supported 9 Iyo of clients to move on in A positive way and enabled four family reunions. Through our housin8 project we provided 541PPOrted a¢¢ommodation to 19 destitute asylum, seven of which completed their legal review with vs and an incredible 80Yo (7 of 8) had an option lo regularise their status in the UK or accepied Assisied Voluntary Retsjm to their couniry of origin ( l). This ¢Yiden¢e base builds on the learning from our work in Alternatives to Deteniion aciivity which supports the same client cohort. We have continued lo be active in this space, engaging with national ¢ampaign$. sharing best prnctiee with European partners and contributing io international advocacy for system reform in a European context. We have continued to be part of the Justice Tog¢th¢r Inilialive. whi¢h seeks to proyide ¢onsisieni free legal support for peopl¢ like our Action Housing clicnls. We have t41so continued lo work with solicitors who supplement lh¢ skills and knowledge of our staff. In our Lettings project we supported 91 newly recognised refugees. helping 22 to move into independent living and continuing to 5UPPOrt four in their new hom¢s. Thi5 proj¢¢t provide5 5UPPOrt in Newcastle and Gateshead and due to an upturn in demand has seen consistently high levels of occupancy for ihe period. We are therefor¢ conlinuing to expand d¢v¢lop this provision across the region. Flnancial revlew The financial environment been more favourable than the previous year. with a recognition from funders such as the National Lottery. of the implications and effects of Ihe cost of living on th¢ charity s¢¢tor. Th¢ financial stsbility established in the previous year allowed us to build on a solid foundation, with controlled expenditure and a focus on income generation. There has been a focus of work lo control, as far as possible, increasing costs for our accommodation 5¢rvi¢¢ in repairs and maintenance. and utilities costs. This aside there were no other significani events affecting the financial performance of the harity during this period.
Action Foundation Company Limited by Guarantee Trustees, Annual Report (Ineorporating the Direetors, Report) {coniltsMÉd) Year ended 31 March 2024 FiftAnclal revitw (Continued) Our principal source of income continues be charitable activity, accounting for 51yh of totsl in¢om¢ and the majority of which is Lettings activity. This is supplernented by grants and donations (4/•) and other income (IYO). These income streams support the delivery of project activity to asylum seekers and refvgees and are aniicipated to Coniinue susiainably for the coming years with moderate growth proj¢¢ted. Th¢ principal risks the charity faces are from national policy ¢hang¢ aff¢clin8 either our client d¢mographics or ihe legal status of the services we deliver, both unlikely ¢ven15 Outside of our influence or control. These risks, as well as others of lesser significance. are reviewed twice annually by ihe board of trustees, lermly ai Sub Groups and bi-monihly by managemeni staff. With th¢ implementation of our fiv¢-y¢ar Strategic Plan we launched our Business Development Strategy in 2023 10 d¢liver on our ambitious priorities over the coming years. Thc strategy is to grow Action Foundation in a gradual and sustainable manner, with a focus on measured service growth and th¢ addition of more supported a¢¢ommodation. both through philanthropic landlords and property aequisition. As well s¢¢uring continuation funding for ¢a¢h of our existing services, we've been pleased to work with new fvnder5 and existing fvnders such as Tuixen Foundaiion, Aurum, Porticus, Newby Trust and Garfi¢ld Weston who provide core or unresiricied costs. enabling the tlexibility and agility needed to respond to our ¢han8in8 environment. Positive steps have been made in securing longer iemi funding streams including The Mercer's Company and we Saw continued suppon from Refugee Action and the National Lottery, and South Tyneside Primary Care Network for InierAclion. We secured an extension for our homeless contract with Changing Lives for Newcastle City Council's homeless support provision and gained continued support from Virgin Money Foundation for our Housing Projeci. Work is ongoing to flex artd adapt our services aligned to client needs, whilst attracting susiainable levels funding. Our community fundraising Conlinucd lo provide highlights with aciiviiy throughout the year as our supporters and staff look on new and nol so new challenges to raise funds. We attracted 17 runners for the Great North Run in Seplemb¢r 2023 and rnised an arn1n8 £7,777, and were delighied with six community led fvndraising events by supporters generating £2,873, Our Winter Campaign "Raise the Roof, focussed on homelessness in 2023 and raised an amazing £21,929 which included mat¢h funding from Aviva Community Fund and their wonderful staff. Combined with other regular and one-off donations. we received £81.793 of unrestricted fvnding lo support our work. We ar¢ very grateful 10 all our funders and a lisi of Trusts and Foundaiions that have supported us over the last Iwo years 1$ on pages 17 and 18. Overall. our income increased by 14Yo on the previous year. and out cost5 r¢mained con515tent in the yw. This ha5 resulicd in a surplus for the year of £21,719. Reserves policy re rv Having considered financial risk, liquidity requirement and th¢ timing of Cash flows Ihrou8houl Ihe year, the Trusl¢es' reserves policy is io aim to maintain 3 months expendilure {¢. £112,745) held in readily realisable &sS¢ts. Fre¢ reserves al year end 31 March 2024 w&$ £236.467 {2023.. £148.487). The Tru51ee5 arc satisfied with reserves al the current level in line wilh the aims of Ihe policy. rye tied u in fix s¢1 Unrestri¢ted r¢s¢ryes at 31 March 2024 was £493.797 (2023= £408,974). Within this balance in¢lud¢5 £339.434 (2023.. £340,842) which is lied up in tangibl¢ fixed a55¢t5. tricte The charity holds and administers a number of restricted funds. As al 31 March 2024 restrieled funds totalled £39,584 (2023.. £102,688). These are noi available for the general purpos¢s of Ihc charity.
Action Foundation Company Limited by Guarnntee Trustees, Annual Repor¢ (Incorporating the Directors, Report) (coniinued) Year ended 31 March 2024 Plans for future periods Haying made significant progre$5 on a number of our stral¢8i¢ priorities over the last year wc hope to build on that succes5 by identifyins and investing in key partnerships across the region which m¢M15¢ our impact and leverage existin8 synergy io deliver meaningfijl change for our clients. We have begun building ihesc essential relationships in ihe various different 's¢¢lors' We Work across and are an(i¢ipalin8 significant growth and development throughout the coming year. Following the rccruitmcnt and embedding of two tru5tee5 in 2023124 and the departure of Mark Hall in October 2023 we have again been recruiting to our board. This inveslmcni in our governance and oversighi continues to pay dividends. We view the next year lo be a period of embedding our new employability and digitsl inclusion offer into Language and Learning, growing and sustaining our Young Live5 Service, ls well &5 settling our new Inforni CRM system as an operational nomi. We look forward to developing a new framework for ¢li¢nl engagement, lived experience and equality, diversiiy and inclusion into daY-ldaY work and launchin8 our Irainin8 offer lo more organisations. raising awareness and good practice, and generating additional income. Tru$t¢ts' responiibiliilu statement The Iruslees, who are also directors for the purposes of company law, are responsible for preparing the irustees, report and ihe financial slat¢menrs in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires ihe eharily ITusl¢¢$ 10 pr¢par¢ financial Slalements for each year which give a true and fair view of the state of affairs of th¢ charitable company and the irtcoming resources and application of resources, including ihe income and expenditure, for thai period. In prepArin8 ih¢s¢ financial sialemtnls. the tTUStces are required to.. select suiiable accounting policies and then apply them ¢onsisi¢ntly' observe th¢ methods and principles in the applicable Charilies SORP. make judgments and accounting esiimates that are reasonable and prudefti., prepare the financial statements on ihe going concern basis unless it is inappropriaie to presume that the charity will coniinue in business. The Iruslees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclo5¢ With r¢850nable accuracy al any lime the financial posiiion of the charity and enable them io ensure that ihe financial stsiemenls comply with the Companies A¢1 2006. Th¢y ar¢ also responsible for saf¢guardin8 the assets of the Charity and h¢n¢e for taking reasonable steps for ihe prevention and delcction of fraud and other irregularilies. Sm411 ¢ompAny provisions This report h&$ been prepared in a¢¢ordance with the provisions applicable to companies enlitlcd to the small companies exemption. The trustees, annual report was approved on 30 Seplember 2024 and signed on behalf of the board of trustees by.. W A Coulson Trustee D P M¢Aul¢y Charity SreIarY
Action Foundation Company Limited by Cuarantee Independent Auditor's Report to the Members of Action Foundation Year ended 31 March 2024 Opinion We have audited the financial statements of Aciion Foundation (the 'charity') for the year ended 31 March 2024 which comprise the slalement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the relaied notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reportino Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statemenls= give a true and fair view of the state of the charity's affair5 as at 31 March 2024 and of its incoming resources and appl ication of resources, including its income and expenditure, for the year Ihen ended, have been properly prepared in accordance with United Kingdom Generally Accepted Accouniing Practice. have been prepared in accordance with the requirements of the Companie5 Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of Ihe financial slalement5 section of our report. We are independent of the charity in accordance with the ethical r¢quir¢m¢nts that are relevant to our audit of the financial statemenls in Ihe UK, including the FRC'S Elhical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audi¢ evidence we have obtained is sufficieni and appropriate to provide a basis for our opinion. Conclu$ion5 relating to going concern In auditing the financial statements, we have concluded thal ihe directors, use of the going Concern basis of accounting in ihe preparation of the finan¢ial statements is appropriate. Based on the work we have perfonned, we have nol identified any material uncertainties relating to events or condilions that. individually or collectively, may cast significant doubl on the company's ability to continue as a going concern for a period of at leasi 12 months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors wilh respect lo going ¢oncern are described in the relevant sections of this report. Other Informatlon The other inforniation comprises the informaiion included in the annual report. other than the financial slalements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our opinion on the finanrial statements does not cover the other information and. except to the extent otherwise explicitly Stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, constder whether the other information is materially inconsistent with ihe financial 5tatemen15 or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsislencies or apparent material misstatements, we are required lo deiermine whether there is a material misstatemenl in the financial slaiements or a material misstatement of the other information. If, based on the work we have perfornied, we conclude that there is a material misstaiemeni of this other inforniation, we are required to report that fact. We have nothing to report in this regard.
Action Foundation Company Limited by Guarantee Independent Auditor's Report to the Membtrs of Action Foundation fconlinued) Year ended 31 Mareh 2024 Opinions on olher matters prescrlbed by the Compani¢$ Acl 2006 In our opinion. based on the work undertaken in the course of the audit.. the infomiation given in the trustees, report for the financial year for which the financial statements are prepared is consistent with the financial statements. and the trustees. report has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to r¢porl by exception In the light of the knowledge and understanding of the charity and 115 environment obtained in the course of the audit, we hav¢ not identified material misstatements in 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 lo you if, in our opinion.. dequate accounting records have not been kept, or returns adequate for our audit have nol been received from branches not visited by us; or the financial statements are not in agreem¢ni 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 inforniation and explanations we require for our audit. or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of Ihe small companies, exemptions in preparing the direclors, report and from the requirement to prepare a strategic report. Responsibilities of trustee$ As explained more fully in the trustees, responsibilities statement. the trustees (who are also the direciors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such iniernal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstaternent, whether due to fraud or error. In preparing the financial stalements, the trustees are responsible for assessing the charity's abtlity to continue as a going concern, disclosing, as applicable, matters related io going concern and using the going concem basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Auditor'$ respon$ibilities for the audit of the financlal statements Our objectives are to obtain reasonable assurance about whether the financial statement5 as a whole are free from malerial misstatement, whether due to fraud or error, and to issue an audiior's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit condutted in accordance with ISAS (UK) will always detect a material misstatemenl when il exists. Misstatements can arise from fraud or eor and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on Ihe basis of ihese financial statements. IegularitieS, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to delect malerial misstatements in respect of iegular1tICs, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below,
Action Foundation Company Limited by Guarantee Independent Auditor'5 Report to the Members of Action Foundatlon (¢(•nliRuedJ Year ended 31 March 2024 Auditor's responsibilities for the audit of the financiol stat¢m¢n¢s (conlinuedj As part of an audit in accordance with ISAS (UK). we exercise professional judgement and maintain professional scepticism Ilwoughoul the audit. We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the sector in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the Key Management Pcrsore1. The mosi significant identified that directly affect the financial siaternents include financial reporting legislarion (including relared companies, legislation), the Charities Act 2011 and UK taxation legislation. The company 15 Subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely lo have such an effe¢l: OISC, Health and Safety, Employment Law and Data Protection regulations, recognising the nature of the company's activities. We Considered the extent of Compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included-. making enquiries of Trustees and Key Management Personnel as to where ihey consider there to be susceptibility to fraud and whether they have any knowledge or suspicion of fraud. obtaining an understanding of Ihe internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. assessing Ihe design effectiveness of the controls in place to prevent and detect fraud. assessing Ihe risk of management override, including identifying and testing joumal entries; challenging the assumptions and judgements made by management in its significant accounting estimales. Our audit did not identify any key audir matters relating io the detection of irregularities including fraud. However, d¢5pile the audil being planned and conducted in accordance with ISAS (UK) there remains an unavoidable risk thai material misstatements in the financial statements may no( be deiected owing 10 inherent limitaiions of the audit and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intenlional misrepresentations, or the override of iniemal controls. A fijrther description of our responsibilities is avatlable on the Financial Reporting Council's website at.. httPS.'Ilwww.frc.or8.ukJauditorsre5pon5ibilities. This des¢ription fomis part of our auditor's report. Use of our report This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charity's members those matters we are required to state lo them in an auditor's report and for no other purpose. To the fullesi extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed. John Oswald BA FCA Senior Statutory Auditor Stephenson Coates Audlt Limited Chartered accounlants Wesl 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD 30 September 2024 10-
Action Foundation Company Limited by Guarantee Slatement of Financial Activilies (including ineome and expenditure aeeount) Year ended 31 March 2024 2024 Restricted funds 2023 Unrestricted funds Total funds Total funds Note Income and endowments Donations and grants Charitable aciivities Other trading activities Other income 390,172 349,479 10,890 4,195 352,612 400,337 742,784 749,816 10,890 4,195 644,601 612,277 14,820 52.694 Total income 754,736 752,949 I,S07,685 1,324.392 Expenditure Expenditure on raising funds.. Costs of raising donations Expenditure on charltable activities 101,594 568,319 101,S94 1,384,372 101,649 1,378,267 1,479,916 9,10 816,053 Total expenditure 669,913 816,053 1,485,966 Net Income l (expenditure) 84,823 (63,104) 21,719 (155,524> Transfers betiveen funds Net movement in funds 84,823 (63,104) 21,719 (155,524) Reconciliation of funds Total funds broughi forward Total funds carried forward 408.974 102,688 511,662 667,186 493,797 39,584 533,381 511,662 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note$ on pages 14 to 25 form part of these finaneS91 statements. 11
Action Foundation Company Limited by Guarantee Stalement of Financial Position 31 March 2024 2024 2023 Flxed assets Tangible fixed assets Is 339,434 340,842 Current aets Debtors Cash at bank and in hand 16 43,460 343,367 54.272 261,091 386,827 315,363 Creditors: omounts falling due withln one year Net current assets 17 110,773 64,189 276,054 251,174 Total assets less current liabilities 615,488 592,016 Creditors.. amounts falling due after more than one year 18 82,104 80,354 Net assets 533,381 511,662 Funds of the ehlrlty Restricted funds Unrestricled fvnds 39,584 493,797 102,688 408,974 Total charity funds 20 533,381 511,662 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by ihe board of trustees and auihorised for issue on 30 September 2024, and are signed on behalf of the board by.. W A Cou150n Trustee The note$ on pages 14 to 2S form part of these finaneial stalements. 12-
Action Foundation Company Limited by Guarantee Statement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows frorn operallng aetivilies Net income / (expenditure) 21,719 (155,523) Adjustmenlsfor.. Depreciation 1,408 1,408 Changes in.. Trade and other debtors Trade and other creditors 10,812 48 J37 24,904 (11,801) {141,012) Cash generated from operations Net cash from operating activities Cash flows from finaneing aetivities Repayments of borrowings Net cash used in financing a¢tiviti¢$ 82.276 82,276 (141,012) (5,000) (5,000) Net increase l (decrease) ID cash and cash equivalents Cash and cash equivalenls at beginning of year Cash and cash equivalents at end of year 82,276 261,091 (146,012) 407,103 343J67 261,091 The Doles on pages 14 to 25 form part of these financial statements, 13-
Action Foundation Company Limited by Cuarantee Notes to the Financial Statements (¢onlinuéd) Year ended 31 March 2024 General information The charity is a private ¢ornpany limited by guarantee, registered in England and Wales and a r¢gist¢red charity in England and Wales. The address of the registered office is The CastleGate, Melbourne Street, Newcastle upon Tyne, NE12JQ. Statement of cornplivdnee These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. A¢¢oun¢ing poli¢i¢s Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in srerling, which is the fvnctional currency of the entity. Action Foundation meets the definition of a public benefit entity under FRS 102. Golng coneern The directors of ihe charitable company are satisfied that there are no maierial uncertainties aboul the charity's ability to continue a5 a going concern at least for a period of12 months from Ihe date of approval of these financial statements. Accordingly, the financial slatements are prepared on a going ¢on¢ern basis. Judgements and key sourees of estimation uncertainty The preparation of the financial statemenls requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future evenis that are believed to be reasonable.under the cir¢um51ances. There are no key sources of estimation uncertainty io report that hav¢ a significant risk of causing a material adjustment to the financial statements. Fund aeeounling Unrestricted funds are available for use at the discretion of the truslees to further any of the charity's purposes. Designated funds are unr¢slricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or tlvough the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment fijnds. Ineome All income is derived from s¢rvic¢5 and activities Caled out in the UK. All income is recognised when the Charity has entiilement lo the funds and any perfonnance conditions attached to the item(s) of income have been mel, it is probable that the income will be received, and the amount can be tneasured reliably. Voluntsry income is accounted for as received by the company. -14-
Action Foundation Company Limited by Guarantee Notes to the Finaneial Statements (colliinued) Year ended 31 March 2024 Accounting policies (continued) Income (continued) Income from grants is recognised in line with expenditure incurred towards meeting the conditions attached to Ihe grant. Any remaining income is recogni5ed when the Charity has fully mel the conditions attached to the grant. Income received in advance of the provision of a specified service is deferred until the criteria for the income recognition is met. Donated facilities and services are measured at the value it would cost on the open market. Resoureeg expended Expenditure is recognised once there is a legal or ¢onstru¢tive obligation to make a payment to a third party, it is probable Ihal settlemenl will be required. and ihe amount of the obligation can be measured reliably. All expendilure is accounted for on an accruals basis. Expenditure includes any V A T which cannot be fully recovered, and is reported as part of the expenditure to which il relates. Costs of raising funds comprise the costs associated with attracting donations, grants and legacies and the eosis of trading for fundraising purposes. Tangible assets Tangible fixed assets are stated at ¢ost less a¢cumulated depreciation. Depreciation is provided at rales Calculated to WTite off the cost less residual value of each asset over its expected useful life, as follows: Fixtures, fittings and equipment - 200/0 - 330/0 straight line Land and buildings - Not depreciated In view of the planned mainlenan¢e programme in place at the property, the trustees consider ihat any depre¢iaiion of the fre¢hold property be immaterial. Implllrment of fixed Assets A review for indicators of impairn]ent is carried out at each reporting date, wilh the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount. the a55et is impaired accordingly. Prior impaim)ents are also reviewed for possible reversal at each reporting date. For the purposes of impainnent testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the ca5h-generating unit lo which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows ihat are largely independent of the cash inflows from other assets or groups of assets. Taxation The Charity is exempt from Corporation Tax because all of its profits from trading are used for charitable purposes. 15-
Action Foundation Company Limited by Guarantee Notes to the Finaneial Statements (coniintsed) Year ended 31 March 2024 Accounting policies (eoRlinutdJ Finan¢tal in4trumen¢s A financial asset or a financial liabtlity is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. unle$5 the aangement con5titule5 a financing transaction, where it is recognised al the present value of the future payments discounted at a market rale of inieresi for a similar debt instrument. Cuent assets and current liabilities are subsequently measured at the cash or oiher consideration expected lo be paid or received and not discounted. The charity initially recognises and measures Goncessionary loans al the amounts received. The caIng amount 15 adjusted in subsequent years to reflect repayments and any accrued interest. Finon¢ial asset5 Ihat are measured at cosi or amortised cost are reviewed for objective evidence of impainneni at the end of each reporting date. If there is objective evidence of impainnent, an impairnient loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. Any reversals of impairment are recognised immediately, lo the extent that the rev¢r5al does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimienl not previously been recognised. Defined contributlon plan$ Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refimd. When contribuiions are not expected lo be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which il arises. Limited by guarantee Action Foundation is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 lo the assets of the charilable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 16-
Action Foundation Company Limited by Guarantee Notes ¢0 the Financial Statements (continued) Year ended 31 Mareh 2024 Donation5, legacie5 and Grants Unrestricted Funds Restricted Total Funds Funds 2024 Donations Donations Gift Aid Donated facilities and services + 81.793 7,033 218,929 81,793 7,033 218,929 Grants The Aurum Charitable Trust Community Foundation Gateshead Council Grealham Hospital The National Lottery Newcastle City Council Newcastle Fund The North East Law Centre The Paul Hamlyn Foundation Porticus Refugee Action Sir James Knott Tuixen Foundation Virgin Money Foundation Wilan Trust Other 35,000 35,000 40,262 11,667 3,000 75,000 13,700 45,000 8,992 44,000 33,313 70,678 10,000 21,250 13,750 7,500 1,917 40,262 11,667 3,000 75,000 13,700 45,000 8,992 44,000 33,313 70,678 10,000 21,250 13,750 7,500 1.917 390,172 352,612 742,784 + Included in the above income is a lotal of £218,929 for donaled facilities and services. This amount includes £133,447 for volunleer tea¢hers and assistants, time and £85,482 for market value rent. 17-
Action Foundation Company Limited by Guarantee Notes to the Flnancial Statements (el)1£) Year ended 31 March 2024 Donations, legacles and Grants (coniln4ed) Unrestricted Funds Restricted Total Funds Funds 2023 Donations Donations Gift Aid Donated facilities and services + 82,452 17,748 236,947 82,452 17,748 236,947 Grants The Aurum Charitable Trust Cormected Voice Community Foundation Curtin PARP Garfield Weslon Foundation The National Lottery The Newby Tntsi Newcastle City Council The North East Law Centre The Paul Hamlyn Foundation Porticus Respond & Adapt Tuixen Foundation Virgin Foundation Virgin Money Foundation Olher 35,000 35,000 3,350 8,250 6,980 30,000 5,500 10,000 16,000 12,000 44,000 33,333 47,041 35,000 3,000 15,000 3,000 3,350 8,250 6,980 30,000 5,500 10,000 16,000 12.000 44,000 33,333 47,041 35,000 3,000 15,000 3,000 422,147 222,454 644,601 + Included in the above income is a total of £236.947 for donated facilities and services. This amount includes £133,451 for volunteer teachers and assistants, time and £103,496 for market value rent 18-
Action Foundation Company Limiled by Guarantee Notes ¢0 the Financial Statements (conilnued) Year ended 31 Mareh 2024 Charitable aetivilies Unrestricted Funds Restricted Total Funds Funds 2024 Language and Learning Accommodation Services Digital Inclusion InterAclion 13,132 290,375 13,132 690,712 400,337 45,972 45,972 349,479 400.337 749,816 Unrestricted Funds Restricted Total Funds Funds 2023 Language and Learning Accommodation Services Digital Inclusion InterAclion 35,000 212,740 18,760 45,972 312,472 35,000 512,545 18.760 45.972 299,805 299,805 612,277 Other income Unrestricted Funds Restricted Total Funds Funds 2024 Newcastle City Council Gateshead City Council Other 4,195 4,195 4,195 4,195 Unrestricted Funds Restricted Total Funds Funds 2023 Newcastle City Council Gateshead City Council Other 24,856 27,838 24,856 27,838 52,694 52,694 19-
Action Foundation Company Limited by Cuarantee Notes to the Financial Statements (conlinued) Year ended 31 March 2024 Costs of raising donations and grants Unrestricted Funds Restri¢ted Totsl Funds Funds 2024 Wages and salaries Employer's NIC Pension costs Fundraising costs 86,474 7,938 3,236 3,946 86,474 7,938 3,236 3,946 101,594 101,594 Unrestricted Funds Restricted Total Funds Funds 2023 Wages and salaries Employer's NIC Pension costs Fundraising costs 86,882 7,976 3,251 3,540 86,882 7,976 3,251 3,540 101,649 101,649 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Language and Learning Accommodation Services InterAciion Digital Inclusion Data Project Young Lives Support costs 156,775 295,401 10,361 94,488 455,047 209,446 251,263 750,448 219,807 29,700 6,259 69.823 36,065 21,007 65,765 27,266 69,823 568,319 816,053 l J84,372 Unrestricted Funds Restricted Total Funds Funds 2023 Language and Learning Accommodation Services InterAclion Digital Inclusion Data Project Young Lives Support costs 155,557 365,730 116,630 9,777 2.012 128,008 335,290 90,881 14,796 90.512 283,565 701,020 207,511 24,573 92.542 69,074 69,074 718,780 659,487 1,378,267 -20-
Action Foundation Company Limited by Guarantee Noles to the Financial Statements (eonlinued) Year ended 31 March 2024 10. Expenditure on charitable activiti by activity type Activities undertaken directly Support costs Total funds 2024 Total fijnds 2023 Language and Learning Accommodaiion Services InterAction Digital Inclusion Data Project Young Lives Governance costs 251,263 750,448 219,808 11,751 36,847 10,280 263,014 787,295 230,087 299,609 733,669 214,642 28,138 94,307 65,765 27,266 3,076 ,275 6,594 68,841 28,541 6,594 7,902 1,314,549 69.823 1,384,372 1,378,267 Included in the above expenditure is a total of £218,929 (2023.. £236,947) for donated facilities and services. This amount includes £133,447 (2023.. £133,451) for volunieer ieachers and assistants, time and £85,482 (2023: £103,496) for market value rent. I l. Analysis of support ¢osts Language and Learning Accommodation Services InlerAction Data Project Young Lives Total 2024 Total 2023 Premises General office Governance costs Conferences & training Legal & professional fees Travel Marketing & Fundraising Bank charges Misc expenses Loan interest 3,931 4,386 1,261 490 11,742 13,099 3,765 1,463 3,439 3.837 ,103 428 1,029 1,148 330 128 427 20,568 22,946 6,596 2,562 10,601 22,324 2,721 7,167 476 137 53 1,743 5,207 1,525 456 189 9,120 1,823 257 834 767 2,490 225 729 67 218 28 90 1,344 4,361 273 10,548 110 329 96 29 12 576 1.149 718 1,750 1.750 1,750 13,012 40,612 11.382 3.405 1,412 69,823 69,074 12. Audltor's remuneratlon 2024 2023 Audit of the financial statements Other accounting services 2,500 1,150 1,600 1,000 Total auditor's remuneration 3,650 2,600 21
Action Foundation Company Limited by Guarantee Notes to the Financial Statements {conrfnu¢dJ Year ended 31 March 2024 13. Staff eosts The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer contributions lo pension plans 631,577 55,447 37,775 713,894 64,177 45,326 724,799 823.397 The average head count of employee5 during the year was 24 (2023.. 27). No employee received employee benefits of more than £60.000 during the year (2023.. Nil). 14. Trustee remuneration and expenses M Hall was a trustee of ihe organisation until October 2023, when he was brought onto ihe Senior Leadership Team. Total remuneration to M Hall in the year was £20,481 (2023: £Nil). No other trustees received remuneration or other benefits from employment with the charity. £Nil (2023- £Nil) wa5 paid to trustees to cover travel expenses. Remuneration costs relating to Key Managemenl Personnel.. 2024 2023 Chief Executive Officer Senior Leadership Team 53,918 119,029 51.840 121,807 The above amount includes gross salary with non-contributory pension contribution of 6Y•. IS. Tangible fixed assets Land & Buildings Equipment To¢41 Cosi As at l April 2023 Additions As at 31 March 2024 337,000 16,471 353,471 337 000 16,471 353 471 Deprecialion As at l April 2023 Charged in the year As Ydt 31 March 2024 12,629 1,408 12,629 Carrying amount As at 31 March 2024 As at 31 March 2023 337,000 337,000 2,434 3,842 339.434 340.842 All langible fixed assets are held for the purposes of the charity. -22-
Action Foundation Company Limited by Guarantee Notes to the Financial Statements feomiinued) Year ended 31 March 2024 16. Debtors 2024 2023 Trade debtors Prepayments and ac¢rued incom¢ Other debtors 3,973 I S,466 22,021 22,542 12,680 19,050 43,460 54,272 17. Creditors: amounls falling due within one year 2024 2023 Trade credirors Social security and other taxes Other creditors Accruals and deferred income 18,871 13,554 4,491 73,857 2,389 4,101 57,699 110,773 64,189 Included within creditors is an amount of £69,480 (2023- £48,533) relating to deferred grants where funding has been received and nol all conditions have been met. The 11 amount of £48,533 ha5 been released lo the SOFA from Ihe previous accounting period and 8rant income totalling £69,480 has been deferred at Ihe end of the current accounting period. 18. Creditors.. amounts falling due after more than one year 2024 2023 Loans 82,104 80,354 Included in creditor5 due over l year is an amount of £82,104 (2023: £80,354) due for repaymenl in 2 - 5 years. 19. Pensions and other post-relirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defmed contribution plans was £37,775 (2023.. £45,326). -23-
Action Foundation Company Limiled by Guaranlee Notes to the Financial Stslements (covlinued) Year ended 31 March 2024 20. Analysis of eharitable funds Unrestricted funds At Transfers 31 Mareh 2024 At l April 2023 Income Expenditure General fijnds 408.974 754.736 (669.913) 493,797 Restrieted funds At l April 2023 At Transfers 31 Mareh 2024 Income Expenditure Language and Learning Accommodation Services InlerAction Digital Inclusion Data Project Young Lives 34,596 12,196 39,706 59.892 442,851 170,324 {94,488) (455,047) (209,446) 584 16,190 45,542 34,340 (36,065) (21,007) 25,667 13,333 102,688 752,949 (816,053) 39,584 Comparaiives.. Al Transfers 31 March 2023 Ai l April 2022 Income Expendilure General funds 427,270 802,133 (820,429) 408,974 Restricted funds At l April 2022 At Income Expenditure Transfers 31 March 2023 Language and Learning Accommodation Services InterAction Digital Inclusion Data Project Young Lives 19,167 15,511 33,020 14,796 43,437 331.975 97,567 (128,008) (335,290) (90,881) (14.796) (90,512) 34.596 12,196 39,706 49,280 16,190 239.916 522,259 (659.487) 102.688 24-
Action Foundation Company Limited by Guarantee Notes to the Finantial Statemenls fcofttinuedj Year ended 31 Mareh 2024 21. Analysis of net assets between funds Unrestricted Funds Restricted Tolal Funds Funds 2024 Total Funds 2023 Tangible fixed assets Cuent assets Creditors less than l year Creditors greater than l year 339,434 347,243 (110,776) (82,104) 339,434 386,827 (110,776) {82,104) 340,842 315,363 (64,189) (80,354) 39,584 Net assets 493,797 39,584 533,381 511,662 22. Related parties During the year the company entered into the following transactions with related parties.. Transaction value 2024 Balance owed by/(owed to) 2024 2023 2023 City Church Newcastle 52,221 45,260 52,221 45,260 Rent payabl¢ io City Church Newcastle of £52,221 (2023- £45,260) has been included in expenditure on charitable activities. D Lyall is a Trustee of Action Foundation and an Elder at City Church Newcastle. -25-