REGISTERED CHARITY NUMBER: 1145523
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 FOR GOLDEN YEARS
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH
GOLDEN YEARS
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
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Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 10
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GOLDEN YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
The trustees present their report with the financial statements of the charity for the year ended 31 January 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubiic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Gbjectives and aims
The objectives for which the charity is established are as follows:
1) To promote the relief and social inclusion of elderly people particularly, but not exclusively, from the orthodox Jewish community by any charitable means, in particular but not exclusively by:
a) the provision of training;
b) the provision of social, recreational and cultural activities or events; and
¢) the provision of advisory and support services.
2) Such charitable purposes for the benefit of persons particularly, but not exclusively, of the Jewish faith in any part of the world which are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine.
Significant activities
The aim of Golden Years is to improve the lives of seniors by providing them with a programme of activities designed to stimulate, educate and improve social inclusion. Golden Years was founded by a group of local residents from the Orthoclox cominunity in NW London, who identified that senior members of the community still living at home were often jonely and isolated. Care home residents are provided with social activities, whilst elderly or retired people who are not in a senior setting tend to lack opportunities to attend social events. Golden Years exists to enhance the emotional heaith: af senior citizens and their caregivers. It reduces the risk of mental health issues with the concept that prevention is better thea cure.
The age of Golden Years attendees range from retirement to over a hundred years. It runs varied initiatives and programmes designed to be of interest to its attendees. Many beneficiaries are still sharp, with little or no memory loss, so classes and entertainment are designed to be beneficial to them. Other seniors suffer varying degrees of dementia, so their needs are quite different. Programmes are created to be suitable for this group too.
An important aspect of the work Golden Years does, is providing high level programmes for those participants whose rental abilities are not compromised. Many seniors find that the tendency of younger people to treat elderly people cundescendingly discourages them from attending certain social settings. Golden Years prides itself on treating its seniors as it would any other audience of intelligent, astute and quick-witted people. Many participants have led very productive and distinguished lives and have wisdom, insight and humour to offer the volunteers and each other. The programmes are designed to be as informal and interactive as possible to allow the involvement and contributions of the attendees.
Golden Years beneficiaries are from varied backgrounds; many have lost spouses and other family members. A large percentage are Holocaust survivors and most are struggling with medical and physical difficulties. For some, Golden Years events are the only opportunity they have to leave their homes. They come to escape boredom and isolation, socialise with their contemporaries, enjoy some delicious refreshments and participate in programmes. As this charity has @ Jewish Orthodox ethos, there are separate programmes for men and for women. A large proportion of attendees do not attend mixed gender events.
Galcen Years also aims to support the caregivers, who tend to be relatives of the elderly people, but are often friends or paid carers. Events at Golden Years provide both a place for them to spend enjoyable time with the people they care for, and an opportunity to support each other in what is usually a very challenging and overwhelming role. Golden Years pays only one employee; there is a large network of volunteers who run the programmes, transport users to anc from events and coordinate alt other aspects of the charity. As a result, Golden Year's overheads are negligible and alivost all funding goes directly into the services it offers. The volunteers are from varied backgrounds and often retired themselves. They have reported the significant positive effect Golden Years has had on their own lives, as they enjoy giving of their time for a useful purpose and being involved in the organisation in a benevolent capacity.
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GOLDEN YEARS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission as well as the Equalities Act 2010 when reviewing the Charity's aims and objectives and in planning future activities.
FINANCIAL REVIEW
Financial review
At the: beginning of the year, Golden Years held reserves of £26,781, which was equivalent to approximately 12 months of operating costs. By the end of the year, reserves had decreased to £12,888, representing around 4 months of running costs,
Golden Years is primarily funded through grants and also benefits from donations made by members of the community. With a modest budget and the majority of its activities delivered by volunteers, the charity is able to keep its overheads minimal.
Reserves policy
Expenditure for the year totalled £41,959, in line with expectations (2024: £40,845).
The trustees aim to maintain free reserves equivalent to at least 2 months and no more than 12 months of operating costs to safeguard services and ensure adequate cash flow. As at 31 January 2025, the charity held free reserves of £12,888 (2024: £26,781), which represents approximately 4 months of running costs.
FUYURE PLANS
The charity plans to maintain and develop its existing programmes in the coming years, ensuring continuity of support for its beneficiaries. This will be dependent on securing adequate funding and other necessary resources to sustain its operations effectively.
Si RUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is governed by its Trust Deed and was registered with the Charity Commission on the 18 January 2012.
Recruitment and appointment of new trustees Tne charity is governed by a board of at least three trustees. New trustees are appointed based on the skills and exnenence needed to support the effective running of the organisation. Upon appointment, each trustee is provided with Key documents, including the charity's governing document and its most recent annual report and accounts.
Risk management The Trustees have reviewed the key risks facing the charity, including financial management, safeguarding of beneficiarles, volunteer coordination, and continuity of service delivery. Appropriate systems are in place to monitor and manage these risks, including regular financial oversight, activity planning reviews, and compliance checks. The Trustees are confident that these measures provide effective mitigation and support the charity's ongoing stability.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1145523
Principal address
96 Princes Park Avenue London
NW11 03X
Trustees
Mrs A Gefilhaus Mrs . Winegarten Rebbet.ir, R Ehrenireu
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GOLDEN YEARS
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025
REFERENCE AND ADMINISTRATIVE DETAILS Independant Examiner Aryeh Melinek FCA Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London ApprovedN3 1BH by order of the board of trustees on aa\vel.ooax...: F and signed on its behalf by:
Mrs A Gefilhaus - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOLDEN YEARS
Independent examiner's report to the trustees of Golden Years
I report to the charity trustees on my examination of the accounts of Golden Years (the Trust) for the year ended 31 January 2025,
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1, accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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Aryeh Melinek FCA
Melinek Fine LLP Chartered Accountants First Floor, Winston House 349 Regents Park Road London N3 1DH / / Date:[A][RK] =[aetna] ao. a
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GOLDEN YEARS
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Restricted|Total|Total|
|fund|fund|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Danations|and|legacies|9,588|18,478|28,066|4,064|
|EXPENDITURE|ON|
|Charitable|activities|
|Charitable|Activities|23,481|18,478|41,959|40,845|
|NET|INCOME/ (EXPENDITURE)|(13,893)|-|(13,893)|(36,781)|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|26,781|-|26,781|63,562|
|TOTAL|FUNDS CARRIED|FORWARD|12,888|-|12,888|26,781|
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The notes form part of these financial statements
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GOLDEN YEARS
BALANCE SHEET 31 JANUARY 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank | 16,016 | - | 16,016 | 29,928 | |
| CREDITORS | |||||
| Amounts falling due within one year | 6 | (3,128) | - | (3,128) | (3,147) |
| NETCURRENTASSETS | 12,888 | : | 12,888 | 26,781 | |
| TOTALASSETS LESS CURRENT LIABILITIES | 12,888 | - | 12,888 | 26,781 | |
| NETASSETS | 12,888 | : | 12,888 | 26,781 | |
| FUNDS | 7 | ||||
| Unrestricted funds | 12,888 | 26,781 | |||
| TOTALFUNDS | 12,888 | 26,781 |
The financial statements were approved by the Board of Trustees and authorised for issue on cab aaseceegeans and Were signed on its behalf by: ar tol 105 i AGefilhaus- Trustee
The notes form part of these financial statements
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GOLDEN YEARS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
i. ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Reccmmenced Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Renorting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Taxation The charity is exempt from tax on its charitable activities.
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Fund accounting
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Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of the funds is included in the notes to the financial statements.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2, TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 January 2025 nor for the year ended 31 January 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024.
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GOLDEN YEARS
.
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JANUARY 2025
- STAFF COSTS
| The average monthly number ofemployees during the yearwas as follows: | The average monthly number ofemployees during the yearwas as follows: | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Employee | 1 | 1 | ||
| No employees received emoluments in excess of£60,000. | ||||
| . | ||||
| 4. | COMPARATIVES FORTHE STATEMENT OF FINANCIALACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 4,064 | - | 4,064 | |
| EXPENDITURE ON | ||||
| Charitable activities | ||||
| Charitable Activities | - | 40,845 | 40,845 | |
| NETINCOME/(EXPENDITURE) | 4,064 | (40,845) | (36,781) | |
| Transfers between funds | (27,493) | 27,493 | : | |
| Netmovement in funds | (23,429) | (13,352) | (36,781) | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 50,210 | 13,352 | 63,562 | |
| TOTALFUNDS CARRIED FORWARD | 26,781 | : | 26,781 | |
| 5. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST | ||||
| At 1 February 2024 and 31 January 2025 | 1,471 | |||
| DEPRECIATION | ||||
| At 1 February 2024 and 31 January 2025 | 1,471 | |||
| NET BOOK VALUE | ||||
| At 3i January 2025 | - | |||
| At 31 January 2024 | - | |||
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GOLDEN YEARS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JANUARY 2025
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|---|---|---|---|---|---|---|---|---|---|---|
|6.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE|YEAR|
|2025|2024|
|£|E|
|Taxation|and|social|security|537|560|
|Other|creditors|2,591|2,087|
|3,128|3,147|
|7,|MOVEMENT|IN|FUNDS|
|Net|
|movement|At|
|At|1.2.24|in|funds|31.1.25|
|£|£|£|
|Unrestricted|funds|
|General|fund|26,781|(13,893)|12,888|
|TOTAL FUNDS|26,781|(13,893)|12,888|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|9,588|(23,481)|(13,893)|
|Restricted|funds|
|Restricted|Grants|18,478|(18,478)|-|
|TOTAL FUNDS|28,066|(41,959)|(13,893)|
|Comparatives|for|movement|in|funds|
|Net|Transfers|
|movement|between|At|
|At|1.2.23|in|funds|funds|31.1.24|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|50,210|4,064|(27,493)|26,781|
|Restricted|funds|
|Restricted|Grants|13,352|(40,845)|27,493|-|
|TOTAL FUNDS|63,562|(36,781)|-|26,781|
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GOLDEN YEARS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JANUARY 2025
- MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|4,064|-|4,064|
|Restricted|funds|
|Restricted|Grants|-|(40,845)|(40,845)|
|TOTAL FUNDS|4,064|(40,845)|(36,781)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 January 2025.
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