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2023-04-12-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 13 04 2021 To 12 04 2022

Section A Reference and administration details

Charity name OLDALONE UK

Other names charity is known by N/A Registered charity number (if any) 1166468

Charity's principal address c/o Bridge Renewal Trust, 256 St Ann’s Road

Tottenham London Postcode N15 5BN

Names of the charity trustees who manage the charity

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20		 Trustee name Office (if any) Dates acted if not for
**whole year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Izabela Branisteanu Chair From 17/08/2020
Gonzalo Delgado Finance Director From 10/02/2016
Christopher Maxwell
Thompson		 From 07/09/2023
Ionela-Nicoleta Flood From 07/09/2023

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

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Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)
Luisa Brands

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

How the charity is constituted

(eg. trust, association, company) Charitable Incorporated Organisation (CIO) Trustee selection methods (eg. appointed by, elected by) “Trustees may be appointed by a resolution passed at a properly convened meeting of the charity trustees”

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Oldalone UK is dedicated to its mission of providing essential services and support to its community. To ensure effective governance and operational excellence, the charity has implemented robust policies and procedures, including those related to the induction and training of trustees.

• trustees’ consideration of Organisational Structure and Network: We operate with a well-defined organisational structure to streamline our activities. This structure ensures major risks and the system clear lines of responsibility and accountability. Additionally, Oldalone UK and procedures to manage them. actively engages in a wider network, collaborating with other organisations that share similar values and goals. This collaborative approach enhances the organisation's reach and impact, fostering a supportive community.

Relationship with Related Parties: The organisation maintains transparency in its relationships with related parties. Any connections or affiliations with related entities, such as partners, sponsors, or affiliates, are disclosed and managed with integrity. We strive to uphold ethical standards and prevent conflicts of interest, ensuring that partnerships align with our mission and values.

Trustees' Consideration of Major Risks and Management Procedures: The board of trustees is actively involved in assessing and addressing major

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risks faced by the charity. Regular risk assessments are conducted to identify potential challenges and vulnerabilities. The organisation has established systematic procedures to manage and mitigate these risks effectively. This includes financial risk management, contingency planning, and continuous monitoring to adapt to evolving circumstances.

Section C Objectives and activities

“To relieve the charitable needs of elderly people who, as result of their Summary of the objects of the age are lonely or isolated, in particular to the provision of befriending, charity set out in its companionship and IT skills.” governing document Our organisation has undertaken a range of impactful activities for the community's welfare. Noteworthy initiatives financed by Haringey Council, seek to help combat loneliness, social isolation and depression by providing dance and guitar lessons, imparting essential IT skills, organizing Community Hub Days for older individuals, as well as delivering a Household Support Fund Program, which is an initiative of the DWP together with the local authority. These efforts aim to enrich lives through cultural and educational pursuits while addressing the community's evolving needs, including financial challenges due to the increasing cost of living. Summary of the main These initiatives played a pivotal role in alleviating the emotional strain activities undertaken for the faced by older individuals, fostering their overall well-being. public benefit in relation to these objects (include within OLDALONE UK remains unwavering in its commitment to its mission, this section the statutory guided by the core values of Integrity, Kindness, and Empathy, aspiring declaration that trustees have to cultivate more inclusive and continually expanding age-friendly had regard to the guidance communities. issued by the Charity Commission on public These experiences have instilled in us a heightened sense of resilience, benefit) inspiring us to enhance our services and elevate our strategies for a more effective and comprehensive approach to community service. The shared experiences of our dedicated team of volunteers during these trying times have left an indelible mark on our lives. This has strengthened our resolve to champion greater social inclusion, equal opportunities, and integration. We take pride in our role in addressing social and economic inequalities by promoting Digital Inclusion and English Language Skills among older individuals from the BAME community. Bridging the gap in IT skills and language barriers is crucial in ensuring access to essential services and

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fostering connectedness.

We are committed to seeking funding opportunities to bolster our capabilities, infrastructure, and sustainability, ensuring the continuation of our passionate pursuit—supporting the most underrepresented and vulnerable segments of society.

Furthermore, we remain dedicated to raising awareness about the challenges faced by older individuals by sharing relevant articles on our social media platforms. Through the dissemination of inspirational quotes and an earnest call to the younger generations to understand the daily struggles of our seniors, we aim to convey a positive message of solidarity, empathy, and integration within our community.

Our gratitude and pride extend to our volunteers who, as always, have showcased unwavering commitment and enthusiasm during this period. Their hard work and dedication are the cornerstone for the seamless functioning of the organization, and for this, we are immensely thankful and proud.

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

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Section D Achievements and performance

Summary of the main achievements of the charity during the year

As a small sized charity, we recognise that we may face numerous challenges. Challenges we have taken with responsibility to build up trustworthy relations with key stakeholders, beneficiaries and the whole community.

We are aware that funding is key to advance our objectives. As such, we are seeking ways to make our work more sustainable.

During this period, we have received two grants. We had also partnered with Homes for Haringey to deliver face to face activities including, our flagship award-winning digital inclusion “Click & Connect 4 All” IT program for older people from disadvantaged backgrounds, as well as; dance and guitar lessons and community hub days, that have been running from July 2021 till December 2022.

We have also received individual donations and organised the Christmas Event “Gran Rumba Navidena” which has enable us to successfully accomplish diverse activities such as:

We are satisfied these activities have helped to ward off loneliness and isolation. Hence reducing the negative mental health consequences, it may cause.

During this period, we have also managed to maximise our resources in a responsible and efficient manner. Currently, we are seeking the necessary funding to embark on achievable projects, which would enable us to help our community recover from the devastating effects of the pandemic and the increasing cost of living.

Current Programs:

We have also liaised with other organisations that line up with our values and objectives, such as; Reach and Connect, Connected Communities, Independent Age, etc. mainly by taking in referrals of Spanish speaking

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Section D Achievements and erformance p

clients.

We are also part of Haringey's Voluntary and Community Sector Group and of Haringey VCS Digital Inclusion Network.

We are a community partner organisation with ELBA, East London Business Alliance.

We are glad our networking has expanded and that we have been able to engage and strengthen ties with key stakeholders such as Haringey Council and other charitable organisations.

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Section E Financial review

Brief statement of the

charity’s policy on reserves

In order to ensure stable service delivery, a reserves policy was adopted since the beginning of our charitable activities. The unrestricted funding would secure financial stability to our organisation in the event of an unexpected cash flow shortage, as it would enable us to maintain a balance between income and expenditure where operating costs include on-going support costs such as website maintenance, promotional material and miscellaneous.

Details of any funds materially in deficit Further financial review details (Optional information)

No funds were materially in deficit.

Our income is made of grants, individual donations and fundraising activities.

You may choose to include additional information, where relevant about:

However, the financial crisis brought about by the pandemic, affected the economy in an unprecedented manner. Small size charities were not the exception as the financial crisis reduced their income due to difficulties on accessing grants opportunities.

However, thanks to the generosity of the public and key support from stakeholders, this period we have secured the following funding:

We are satisfied expenditure has supported the key objectives of the charity. It is indeed, extremely rewarding to have had available resources to continue delivering lifeline services to dear members of our community.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Signature(s)

Full name(s) Izabela Branisteanu

Position (eg Secretary, Chair, etc) Chair Date 19/01/2023

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Charity Name No (if any) OLDALONE UK 1166468 Receipts and payments accounts CC16a For the period Period start date Period end date To from 13/04/2023

For the period Period start date To from 12/04/2022

Section A Receipts and payments

A1 Receipts Unrestricted
funds
to the nearest £
6,153
547
-
-
515
-
-
-
7,215
-
-
-
7,215
-
-
2,262
3,817
-
-
-
-
-
6,079
-
-
-
6,079
1,136
-
3,779
4,915		 Restricted
funds
to the nearest £
-
-
4,602
5,480
-
-
-
-
10,082
-
-
-
10,082
4,602
5,480
-
-
1,548
-
-
-
-
11,630
-
-
-
11,630
- 1,548
-
1,548
-		 Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total funds
to the nearest £
6,153
547
4,602
5,480
515
-
-
-
17,297
-
-
-
17,297
4,602
5,480
2,262
3,817
1,548
-
-
-
-
17,709
-
-
-
17,709
- 412		 Total funds
to the nearest £
6,153
547
4,602
5,480
515
-
-
-
17,297
-
-
-
17,297
4,602
5,480
2,262
3,817
1,548
-
-
-
-
17,709
-
-
-
17,709
- 412		 Last year
to the nearest £
FundraisingEvents 6,153 3,534
Donations 547 786
HaringeyCouncil-DWP HSF - 10,000
HaringeyCouncil-Funded Activities - 1,000
Refunds 515 7,636
- 792
- -
- -
Sub total(Gross income for
AR)		 7,215 23,748
A2 Asset and investment sales,
(see table).
-
-
 -
~~Sub total~~ - -
Total receipts
A3 Payments
23,748
HaringeyCouncil-DWP HSF - 10,000
HaringeyCouncil-Funded Activities - 1,000
General and Administrative 2,262 6,088
FundraisingEvents Costs 3,817 7,145
HaringeyCouncil-Funded Activities - 2,690
- 2,196
- -
- -
- -
**Sub total ** 6,079 29,119
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
29,119
1,136 - 1,548 - - 412 - 5,371
- - - - -
3,779 1,548 - 5,327 10,698
4,915 - - 4,915 5,327

CCXX R1 accounts (SS)

29/01/2024

1

Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period Section B Statement of assets and liabilities at the end of the period
Categories
Signed by one or two trustees on
behalf of all the trustees
B5 Liabilities
B3 Investment assets
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B1 Cash funds		 Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Savimgs account
Details
Details
Details
Signature		 Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
4,915
-
-
-
-
-
4,915
-
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
2,698
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
-
-
-
-
-
Print Name
Izabela Branisteanu		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Izabela Branisteanu 19/01/2024

CCXX R2 accounts (SS)

29/01/2024

2