AGE CONCERN (BANSTEAD)
FINANCIAL STATEMENTS for the YEAR ended 31 MARCH 2024
Davis, Burton, Williams & Co. Chartered Certified Accountant Unit B11 Sutton Business Centre Restmor Way Wallington Surrey SM6 7AH
AGE CONCERN (BANSTEAD)
INDEX TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
| Page | |
|---|---|
| Annual Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Trustees Responsibilities | 3 |
| Statement of Financial Activities | 4-5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-9 |
AGE CONCERN (BANSTEAD)
ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Age Concern (Banstead) is a Charitable Incorporated Organisation registered as a charity under the Charities Act 2011 with registered number 1157342. Its address is at Banstead Centre, The Horseshoe, Banstead, Surrey SM7 2BQ. The governing document is a Constitution.
The charity trustees during the year were: Mr N Pulsford (Chairman) Mr P Tickle (Treasurer) Mrs S Pulsford (Resigned 18/10/2023) Mr P Jobson (Resigned 18/10/2023) Mr C Batty Mr C Richold (Resigned 18/10/2023) Mrs R Turner Dr M Laffer Mrs A Edney (Resigned 18/10/2023) Mr S Duke Mrs S Cook (Appointed 18/10/2023) Mrs T Nye (Appointed 18/10/2023)
The current trustees include individuals with management and practical health care experience, as well as a retired police officer, retired company director, chartered accountant and individuals with a variety of relevant experience in the voluntary sector. In addition, during the year, Councillor R Ashford started to serve as the nominated observer of the Reigate & Banstead Council.
The charity's banker is Barclays Bank plc.
The object of the charity is to promote the welfare of the aged throughout the area formerly covered by Banstead UDC in any manner which is deemed by law to be charitable. The main activities and achievements during the year have been the dissemination of information, the provision of a visiting service to assess needs which are then channelled appropriately, a toe nail cutting service, the provision of transport by the hiring out of a minibus, the operation of a voluntary car scheme and the running of a number of clubs and support groups for the local elderly community.
The attached accounts show the financial activities for the year and the state of affairs at 31 March 2024. During the year under review there were net incoming resources of £5,319 resulting in a increase in total funds from £112,745 to £118,064. This compares with a shortfall the previous year of £6,065.
We are very pleased to report a surplus on our activities during the year and the main reasons for the turnaround from the previous year is a very welcome increase in grants, donations, fundraising and interest received, and an increase in net income from our charitable activities, particularly the minibus. These increases in revenues were partially offset by an increase in support costs, in particular staff salaries which were impacted by the recent inflationary economic conditions and the employment of an additional part-time member of staff.
A major project completed during the year was ‘Men In Sheds’, which involved building and equipping a wood-workshop type premises for the local elderly to use as a place to come together and create/repair items under supervision. The financial impact of the project is shown separately in the Income and Expenditure Statement on and we are very pleased to report that the project was funded entirely by grants and donations and was completed close to plan and on budget.
The Charity’s policy on reserves is to attempt to maintain sufficient funds to allow the funding of a deficit equivalent to twelve months operation. Surpluses in excess of this minimum defensive reserve are then available for special expenditure items as agreed by the Trustees.All accumulated funds in excess of what's required for the day to day running of the charity are presently held in a deposit fund at CCLA, investment managers who specialise in managing investments for charities.
Our thanks are due to all those who have donated so generously to our funds during the year, and to our staff and volunteers for their co-operation and assistance throughout this period.
Approved by the Trustees on 24th July 2024.
P Tickle
(Signed) P Tickle - Treasurer
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
AGE CONCERN (BANSTEAD)
I report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 4 to 9.
Respective responsibilities of the Trustees and Examiner
As described on page 3 the charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:-
-
1, examine the accounts under section 145 of the Charities 2011 Act;
-
2, to follow the procedures laid down in the General Directions given by the Charity Commissioner under section 145 (5)(b) of the 2011 Act;
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3, to state whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements
a, to keep accounting records in accordance with section 130 of the 2011 Act; and b, to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
P R Williams Signed
P R Williams F.C.C.A Chartered Certified Accountants Davis Burton Williams & Co. Unit B11 Sutton Business Centre, Restmor Way, Wallington, Surrey SM6 7AH
Date 24th July 2024
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AGE CONCERN (BANSTEAD)
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's incoming resources and application of resources during the year and of its state of affairs at the end of the year. In preparing those financial statements, the trustees are required to:
(a) select suitable accounting policies and apply them consistently;
- (b) make judgements and estimates that are reasonable and prudent;
(c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
(d) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Society will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and breaches of law and regulations.
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AGE CONCERN (BANSTEAD)
STATEMENT OF FINANCIAL ACTIVITIES for the 31 MARCH 2024
| INCOMING RESOURCES Incoming Resources from Generated Funds- Grants and Subsidies:- Core Activities Visiting Services Lunch Clubs and Other Support Groups Men In Sheds Subscriptions Donations and Fund Raising Interest Received Incoming Resources from Charitable Activities - Lunch Clubs and Other Support Groups Car Scheme Minibus Footcare Other Total Incoming Resources RESOURCES EXPENDED Charitable Activities: - Men In Sheds Visiting Services Community Garden Information and Advice Lunch Clubs and Other Support Groups Footcare Car Scheme Minibus (including depreciation) Governance Costs: - Administration Insurance Independent Examiner's Fee |
Unrestricted Funds £ 14,130 6,000 3,293 44,961 2,670 32,965 6,403 5,781 8,867 15,715 240 609 141,634 45,015 31,734 579 12,431 16,202 473 12,411 13,683 132,528 1,419 1,468 900 3,787 |
Restricted Funds £ - - - - - - - - - - - - - - - - - - - - - - - - - - |
2024 Total Funds £ 14,130 6,000 3,293 44,961 2,670 32,965 6,403 5,781 8,867 15,715 240 609 141,634 45,015 31,734 579 12,431 16,202 473 12,411 13,683 132,528 1,419 1,468 900 3,787 |
2023 Total Funds £ 15,554 - - - 1,936 24,511 2,161 5,124 10,022 7,561 240 730 67,839 - 28,673 347 9,701 11,821 376 10,624 9,087 70,629 1,127 1,248 900 3,275 |
|---|---|---|---|---|
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AGE CONCERN (BANSTEAD)
STATEMENT OF FINANCIAL ACTIVITIES for the 31 MARCH 2024 (continued)
| RESOURCES EXPENDED (continued) Total Expenditure Net Incoming / (Outgoing) Resources for the year Total Funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds £ 136,315 5,319 112,745 118,064 |
Restricted Funds £ - - - - |
2024 Total Funds £ 136,315 5,319 112,745 118,064 |
2023 Total Funds £ 73,904 (6,065) 118,810 112,745 |
|---|---|---|---|---|
Restricted Funds comprise any amounts received by Age Concern Banstead to be expended on specific purposes.
All activities for the current and previous year derive from continuing operations.
There are no recognised losses and gains other than the (deficits) for the current and previous year as shown above.
The notes on pages 7 to 9 form an integral part of these accounts.
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AGE CONCERN (BANSTEAD)
BALANCE SHEET as at 31 MARCH 2024
----- Start of picture text -----
Note 2024 2023
£ £ £ £
FIXED ASSETS
Tangible Assets 3 3,825 5,100
CURRENT ASSETS
Debtors 4 5,067 4,373
Cash at Bank and in Hand 16,868 12,935
CCLA Deposit Fund 100,000 130,000
121,935 147,308
CURRENT LIABILITIES
Creditors 5 (7,696) (39,663)
NET CURRENT ASSETS 114,239 107,645
NET ASSETS 118,064 112,745
RESTRICTED FUNDS - -
UNRESTRICTED FUNDS
General Purposes Fund 118,064 112,745
TOTAL FUNDS 118,064 112,745
Approved by the Trustees and signed on their behalf by:
N Pulsford (Title: Chairman)
Signed
P Tickle (Title: Treasurer)
Signed
----- End of picture text -----
Date: 24th July 2024
The notes on pages 7 to 9 form an integral part of these accounts.
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AGE CONCERN (BANSTEAD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
- 1 Accounting Policies
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) issued in March 2005 and applicable UK Accounting Standards and the Charities Act 2011.
(b) Depreciation of Fixed Assets
Depreciation is provided on tangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life as follows:-
Minibus
25% on reducing balance
(c) Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is certain that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability.
(d) Allocation of Overhead and Support Costs
Overhead and support costs have been allocated between charitable activities and governance costs in proportion to the estimated administrative burden applicable to each activity. The allocation of overhead and support costs is analysed in note 2.
(e) Governance Costs
Governance costs comprise all costs involved in the public accountability of the charity and its compliance with regulation and good practice.
2 Allocation of Support Costs and Overheads
The breakdown of support costs and how these were allocated between Charitable Activities and Governance is shown in the tables below.
| 2024 | 2023 | |||
|---|---|---|---|---|
| Total Costs | £ | £ | ||
| Administration expenses | 5,954 | 4,469 | ||
| Salaries | 32,914 | 26,209 | ||
| Rent | 6,240 | 5,108 | ||
| Office Equipment | 1,560 | 1,320 | ||
| Bank And Transaction Expenses | 633 | 463 | ||
| 47,301 | 37,569 | |||
| Allocated as follows: | 2024 £ |
2023 £ |
||
| Charitable activities- | ||||
| Information and advice | 25% | 11,826 | 25% | 9,392 |
| Visiting service | 30% | 14,190 | 30% | 11,271 |
| Lunch clubs | 15% | 7,095 | 15% | 5,635 |
| Driving scheme | 25% | 11,825 | 25% | 9,392 |
| Minibus | 1% | 473 | 1% | 376 |
| Footcare | 1% | 473 | 1% | 376 |
| Governance | 3% | 1,419 | 3% | 1,127 |
| 47,301 | 37,569 |
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AGE CONCERN (BANSTEAD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
| 3 Fixed Assets COST At 1.4.2023 Additions Disposals At 31.3.2024 DEPRECIATION At 1.4.2023 Charge for year Disposals At 31.3.2024 NET BOOK VALUE 31.3.2024 31.3.2023 4 Debtors Debtors and Prepayments 5 Creditors - falling due within one year Accruals and Income In Advance 6 Funds At 1 April 2023 Incoming resources Outgoing resources At 31st March 2024 Represented by: Tangible Fixed Assets Net Current Assets |
Unrestricted Funds £ 112,745 141,634 (136,315) 118,064 3,825 114,239 118,064 |
Minibus £ 39,655 - - 39,655 34,555 1,275 - 35,830 3,825 5,100 Restricted Funds £ - - - - - - - |
2024 £ 5,067 2024 £ 7,696 2024 Total Funds £ 112,745 141,634 (136,315) 118,064 3,825 114,239 118,064 |
Total £ 39,655 - - 39,655 34,555 1,275 - 35,830 3,825 5,100 2023 £ 4,373 2023 £ 39,663 2023 Total Funds £ 118,810 67,839 (73,904) 112,745 5,100 107,645 112,745 |
|---|---|---|---|---|
Restricted Funds
These are amounts received by Age Concern Banstead to be expended on specific purposes.
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AGE CONCERN (BANSTEAD)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (continued)
7 Employees' Remuneration
Total remuneration (excluding employers' NI contributions) for the year amounted to £55,213 (2023 £43,131)
The average number of paid staff for the year were:
Welfare Services : 2 part-time employees Administration : 4 part-time employee Minibus driver 1 part-time employee
8 Trustees Remuneration and Expenses
No remuneration was paid or payable out of the funds of the charity to any trustee or to any person or persons known to be connected with any of them in the past year.
Trustees are reimbursed for any expenses icured in the running of the charity, with approvals in line with the charity's financial control policies and procedures.
9 Public Benefit Entity
The Charity is a Public Benefit Entity.
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