COTrIJPANY REGISTRATION NUMBER: N1039665 CHARITY REGISTRATION NUMBER." 100718 Engage with Age Company Limited by Guarantee Financial Statements 31 March 2023 Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN
Engage with Age Company Limited by Guarantee Financial Statements Year ended 31 March 2023 Page Trustees, annual report (incorporating the directorfs report) Independent auditor's report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 15 16 Notes to the financial staternents 17 The following pages do not form part of the financial statements Detailed statement of financial activities 30 Notes to the detailed statement of financial activities 31
Engage with Age Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (conlinued) Year ended 31 March 2023 structure, governance and management Backgmund to Engage with Age." Engage with Age (EWA) was established as a charity and a company limited by guarantee in November 2000. EWA is a community development organisalion wilh the vision of a society which respects. values and listens to older people. Engage with Age's mission is to enable older people in Belfast to live happier. healthier and more connected lives. Engage with Age seeks to enable sustainable benefits for older people and the community. It operates multi-agency partnerships lo ensure ioined-up and collaborative working. Partnerships are active from a governance level down lo operational and daily aclivilies. Govemance and Management.. Engage with Age is governed by a Board of Trustees that meets quarterly. Trustees come from a range of older people's and community organisations, older people's forums, as well as individuals from the business, public sector and individual older people_ The Board is supported by a Finance and Operations Sub-Group that meets SIX times per year, and a Govemance Committee that supports the role and responsibilities of Trustees and Director. The managemelll of Engage with Age formally reports to the Board and the Finance and Operations Committee. and has delegated responsibility for delivering the company's programme of work at an operational level. The staff team is composed of a Director, Operations Manager. and Development Officers that deliver the company's programmes. Engage with Age has sub-contracted lo an extemal accountancy company lo undertake its finance adrninistration and engages a number of other service providers.
Engage with Age Company Limited by Guarantee Trustees, Annual Report {Incorporating the Director's Report) Year ended 31 March 2023 The trustees, who afe also the directors for the purposes of company law, present their report and the financial slalements of the charity for the year ended 31 March 2023. Reference and administrative details Registered charity namè Engage with Age Charity registration number 100718 Company registration number N1039665 Principal office and registered East Belfast Network Centre office 55 Templemore Avenue Belfast BT5 4FP The trustees A Greenan GS McEvoy NW Menhinick AP Barclay AL Greer RJ Hagan CS Hyndman F Hughes (Resigned 17 May 2023) {Served from 11 June 2022 to 17 May 2023) PA Matthews J McEwan Z Rowe M Skelcher Company secretary Eamon Quinn Auditor Finegan Gibson Ltd Chartered accountants & slatulory auditor Causeway Tower 9 James Street South Belfast 8T2 8DN
Engage with Age Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) fcLTrnllnuedJ Year ended 31 March 2023 Objectives and activities As d8scribed in the Articles and Mernorandum of Association, Engage with Age's objects I'Objects'} are to promote the health, wellbeing, interests and alleviate loneliness, isolation and exclusion of older people living in Northem Ireland (the area of benefit) without distinction of sex, sexual orientation, marilal status. disability. caring responsibilrties, race. or political, religious. or other opinions by associating together the said inhabitants. local authorities. public agencies and voluntary and other organisations in a common effort to relieve poverty. preserve and protect health. advance education with the object of improving the conditions of life for the said beneficiaries. Values.. Our value5 guide us in our work and our relationships. They guide our behaviour, our attitudes, the decisions we rnake and what we expect from one another. Engage with Age values are based on community development principles. We put older people at the centre of all that we do, believing in self4etermination and the right lo rnake their own choice5. Our values are" Being older people-led Empowering older people Treating everyone with respect Working closely with other organisations Carrying out our work to the highest standards, with transparency Ensuriftg everyone has the rFght to take part in stimLrlating activilies and have fun We are committed to working in partnership. believing in the strength of the contribution of many agencies. people and volunteers to make a real difference. Strategic Planning.. Engage with Age is implementing a strategic plan covering the period of April 2020 - March 2023 which fIeIS the above vision and mission, the methods of working and the objectives of the company. In early 2023 Engage with Age commenced development of a new strategic plan for the 2023-26 period.
Engage with Age Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (conunuedj Year ended 31 March 2023 Achievements and performance The April 2022 - March 2023 year was Ihe third year of the Covid-19 Pandemic. While surges in the virus were not as severe as previous years, the impact of the pandemic was still felt in engagement levels and cauliovsness from older people. Engage with Age took a proactive stance towards enabling older people to be active within their communrties while also being safe. Year Three of the Engage wlth Age Strategic Plan 2020-2023 Engage with Age is pleased to report that while Covid-19 impacled on the practicalities of undertaking activities it did not affect Ihe overall achievement of the main aims of its Strategic Plan. This was due mainly to the imagination and creativity of its staff, support of ils board, collaborations with partner agencies. and the enthusiasm of the older people EWA worked with. In August 2022 the company held a barbeque for 60 oldei people at Inverary Community Centre in East Belfast. Normally this would be unremarkable, but this was the first lime in two years that a gathering with that number of people, indoors or outdoors, had been undertaken. Supporting Older People's Groups and Forums Surveying just before the reporting period highlighted that bNo thirds of older people's groups, we work with had been adversely affected by Covid-19. This was in the form of reduced attendances and less frequent meetings. Support this year was targeted to encourage groups to gain greater confirjence. re-group and grow membership. The Capacity Building Programme continued to work throughout East and South Belfast, achieving nearly double its target level of participation. The South Belfast prograrnme reached out lo new communities such as lower Donegall Road, and the East Bellast programme revisited relationships with over 60 groups acr055 East Belfast. The Older People's Forums EWA supports continued lo operate well. The Belfast East Seniors Forum returned to a full schedule of in-person committee and forum meetings. It renewed its committee and grew membership numbers. The South Belfast Lifeslyle Forum continued to grow in numbers with routinely well attended meetings sharing information and conveying the needs of communities in the south. The Greater Belfast Seniors Forum IG61 maintained ils monthly meetings focusing on its Action Plan. In March 2023 EWA brought all of the Older People's Forums together for an inler-forum meeting, to share experiences and best practice. and to network with each other. This helped identify ommon needs and aspirations and assist with planning for the future. Addressing the impact of Isolation and Lonellness on olderpeople The PAL Project continued to operate. Throughout the year. weekly and fortnighlly activities look place, offering a range of book groups. social groups, walks, interest groups and dancing. Opportunities were taken lo link with partner agencies for excursions and information sessions. EWA'S links with peer agencies strengthened, including organisations such as Age Nl and Red Cross. and partnerships such as the Belfast City Council City Wide Group on Isolation. and the Nl Assembly All Party Group on on Loneliness. Participation numbers grew, and this year saw the welcome return of The Slipped Disco event al the Oh Yeah Centre, Engage with Age's disco for older people, Telephone befriending was also maintained through this period. Up to 27 volunteer Befrienders regularly lelephoned 50 Befriendees. Feedback on the Service was unanimously posTrtive Half of the Befriendees completed surveys and interviews in 2022 and 1000/0 of that number reported positive impacts of the seNice on their wellbeing and a decrease in feelings of loneliness. One Befriendee said-. "I have never been on my own before... tt was really hard to lose independence... the calls encourage me and I love to to hear from my Befriender and l always feel better after the call." Throughout the year Befriending gathering5 were held and this helped connect Befriendees to their
Engage with Age Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eontinuedj Year ended 31 March 2023 Befrienders and wider aclivilies. Pmmoting goodphysical and mental health The EWA health promotion programmes in South and East Belfast all exceeded their targets as set by the Public Health Agency and Belfast Health and Social Care Trust. Physical deconditioning was highlighted as an issue for older people, given the reduced leve15 of movement and travel associated with Covid-19 safety and the need to isolate or stay al home. Physical health was promoted by EWA with a range of exercise sessions. armchair aerobics. and the welcome return of in person Tea Dances. particularly at St. Patrick's Day and throughout South Belfast in March 2023. Mental health was promoted via stress reduction sessions, Tai chi, and promotion of Public Health programmes. Social engagement at activity sessions was more important than ever, and even by the end of the reporting period we were still meeting older people who had been slaying at home in their efforts to slay safe from Covid. There was a significant increase in crafting and ¢reative activities. The Words Alive group in South Belfast continued to meet weekly and then reach out to provide readings lo people living in supported housing and nursing homes. In East Belfast new crafting and art sessions look place with a lange of groups, many of which were undertaking this type of activity for the first time. Larger scale in person older people's fairs returned this year and EWA brought significant attendance to events in East and South Belfast as well as central events from Age Friendly Belfast. Skills workshop in IT continued and there was high attendance al infomialion sessions on falls prevention and home accident prevenlion. Over 80 keep wami packs were distribLtted by EWA to vulnerable older people across South and East Belfast, and EWA worked to promote assistance to cope with the Cost-of-Living Crisis. Promotion of opportunities for older people and health messages were promoted directly through our East and South Belfast Programmes, through the monthly PAL Gazette to 1,300+ people, and online to audiences in excess of 10,000 throughoul the year. Supporting the volce of olderpeople to influence matters that affect them The Older People's Forums that EWA supports continued to engage directly with decision and policy makers, with over entY formal consullalions through forums with agencies including PSNI. Consumer Council. Queen's University of Belfast research programmes. Belfast Trust. the GP'S Federation for Northern Iland and more. The Forums were particularly engaged in consultations for the Belfast Age Friendly Plan. Throughout the year EWA supported older people to attend forums include Healthy Ageing Strategic Partnership, Nl Assembly All Party Group on Loneliness, and the Belfast City Council All Party Refeience Group on Older People. Engage with Age was also very active with dementia friendly campaigns, contributing to the South Belfast and City-wide dementia ampaigns, and co-chairing the Dementia Friendly East Belfast Programme. In summer 2022 the Festival of Windows increased in scale. engaging with 40 people living with dementia from 6 centies. 50 artworks were created and displayed in 50 shop windows belonging to businesses across East Belfast. The arhNorks were later exhibited at the Skainos Centre as part of Positive Ageing Month. Promoting the voice of people living with dementia was further enhanced through EVVA'S new Dementia Friendly Artist in Residence programme, which worked with six centres across South and East Belfast, and the ongoing production of the monthly Dementia Friendly Vlhal's On Guide. The PAL Gazette continued as a newspaper for older people, with a monthly column on the work of of G6 and over 60 articles and submissions by older people. Developing an evaluatlon framework Pressures of lime and resources, and the ongoing affect of the Pandemic on how we did our work, meant it was not possible to produce an evaluation framework as envisaged al the start of the strategic plan. Evalualion and reflection on the irnpacl of EWA'S work continued in this period, and
Engage with Age Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (eonlinued) Year ended 31 March 2023 the company is actively pursuing developing a new method for considering the impact of its work. Developing the Governance and Operation of Engage with Age The ongoing business of governing and managing Engage with Age continued successfully throughout the reporting period. Every contract and funding agreement was fulfilled. Finances were managed effectively with income secured from a range of sources, some of which were new. Communications promoting our services increased significantly. The work of the Board of Truslees governing the corporate development of Engage with Age was furthered through the Governance and the Finance and Operations sub-cornmittees, regular board meetings. and ongoing contact with staff. Within this period three new trustees were recruiled to Engage with Age. Summary The 2022-23 year can be best described as Gharging ahead out of Covid-19. Staff displayed great resilience ancl a 'can-do' spirit, while al the same time keeping older people safe. In this year there were 14,000 attendancesl engagements from older people at Engage with Age activities, plLts a further estimated 5.000 attendances al exhibitions and 10,000 online. This is significant increase on previous years. By the end of the 2020-23 Strategic Plan, Engage with Age had developed new services. increased its volume of engagement, deepened relationships Wlth participants, navigated the challenges the Pandemic, and maintained a clear focus on delivering improved heamh and helped make stronger communities. The PAL Project continued to support older people experiencing loneliness, health improvement work progressed throughout South and East Belfast, groups and forums vwere sustained and grown, and the voice of of older people persisted in advocating for the needs of its communily. By March 2023 EWA had started formulating plans for the next strategic plan 2023-26, looking forward lo developing and extending the work and impact of EWA. The 2022-23 year closed with significant three-year funding agreements to sustain the PAL Project and capacity building work with older people through to the year 2026. Having achieved many of tts aims in the most difficult of circumstances, Engage with Age is ready to move forward in ils renewed mission to empower older people lo lead happy. healthy, more connected, and independent lives.
Engage with Age Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢ontinued) Year ended 31 March 2023 Financial review Engage with Age maintained support frorn key funders and raised income from new funders in 2022-2023. Belfast Health and Social Carè Trust, the Public Health Agency, and Belfast Cty Council maintained their support of Engage with age. Correspondingly, Engage with Age maintained strong control over expenditure. Al the end of the financial year 31 March 2023 Engage with Age had reserves of £95,561 whiGh is composed of an unrestricted reserve of £87,832 and a reslricled reserve of £7,729. RoseNes policy and going concern Reserves are needed lo bridge the liming gap between spending and receiving of income and to cover unplanned temporary shortfalls in income should they arise. Holding adequale reseNes Safeguards the provision of our services in the event of unexpected significant financial pressures. Historically, Engage with Age had also built up ils own unrestricted funds. The trustees have decided to allocate fund of £11,737 to cover the sustainability gap between income and expenditure for the 2023_2024 financial year budget (Designated Sustainability Fund). and hold unrestrided reserves for winding up and running costs lo the value of £76,095 (General ReseNe Fund). The trustees consider that the ideal level of reserves would be the winding up costs of the charity plus between three and six mDnlhs expenditure for the year ended 31 March 2023 which would be between £64.085 and £128,170. Unrestricted reserves are freely available to spend, therefore excluding fixed assets and reslricled reserves amounted to £72.580. Trustees, responsibilities statement The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PractiGel. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the stale of affairs of the charitable company and the incoming resources and application of resources, including the incorne and expenditure. for that period. In preparing these financial statements. the trustees are required to-. select suitable accountin9 policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP; make judgments and accounting estimates that are reasonable and prudent.. prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the charity will continue in business. The trustee5 are responsible for keeping adequate accounting records that are suffi¢ient lo show and explain the charity's transactions and disclose with reasonable accuracy at any lime the financial P0511ion of the charity and enable thern lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities.
Engage with Age Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continuedj Year ended 31 March 2023 Auditor Each of the persons who is a trustee al the date of approval of this report confirms that.. so far as they are aware, there is no relevant audit information of which the charty's auditor is unaware,. and they have taken all steps Ihal they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that Ihe charity's auditor is aware of that information. Small company provisions This report has been prepared in accordance with the provisions applicable lo companies enlilled to the small companies exemption. The trustees, annual report was approved on 30 Novernber 2023 and signed on behalf of the board of trustees by.. M Skelcher Trustee
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age Year ended 31 March 2023 Opinion We have audited the financial statements of Engage with Age Ilhe 'charity'l for the year ended 31 March 2023 which comprise the statemenl of financial activities (including income and expenditure account), statement of financial position and the related 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 Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice}. In our opinion the financial stalemenls.. give a true and fair view of the state of the charity's affairs as at 31 March 2023 and of its incoming resources and application of resources, including ils income and expenditure. for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.. have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS IUKII and applicable law. Our responsibilities under those standards are further described in the audilorfs responsibilities for the audit of the fr'nancial statements section of our POrt. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial ststemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we hav& obtained is sufficient and appropriate to providè a basis for our opinion. Conclusions relating to going concern In auditing the financial slatements, we have concluded that the trustees, use of the going conGem basis of accounting in the preparation of the financial stalements is appropriate. Based on the work we have perfomed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going conrn for a period of at least iwelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going ¢on¢ern are described in the relevant sections of this report.
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age fcontinued) Year ended 31 March 2023 Other infomiation The other information cornprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial slalements does not cover the other information and. except lo the extent othewise explicitly staled in our report, we do not express any form of assurance conclusion Ihereon. In connection with our aLJdit of the financial stalemenls, our responsibility is to read the other information and. in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheISe appeaTS lo be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to detemiine whether there is a material rnisstalemenl in the financial statements or a rnalerial misstatement of the other information_ If, based on the work we have perfomed, we conclude that there is a material misstatement of this other inforrnation. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 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 whlch we are requlred to report by exception In Ihe light of the knowledge and understanding of the charity and its environment obtained in the course of the audit. we have not identified material misstatements in the trustees, report. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if. in our opinion.. adequate accounting records have not been kept. or returns adequate for our audit have not been received from branches not visited by us.. or the financial statements are not in agreement 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 information and explanations we require for our audit.. or the trustees were not entitled lo prepare the financial statements in accordance with the small companies regime and lake advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. 10
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age (conlinued) Year ended 31 March 2023 Responsibilities of trustees As explained rnore fully in the trustees. responsibilities statement, the trustees (who are also the directors 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 intemal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to Iraud or error. In preparing the financial slatemenls. the trustees are responsible for assessing the charity's ability lo continue as a going collc&rn, disclosing, as applicable, matters related to going concern and using the going concern 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. 11
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age (conlinuedj Year ended 31 March 2023 Auditor's responslbilities forthe audit of the financial ststements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Tnateiial misstatement, whether due to fraud or error, and Io issue an auditor'5 report Ihat includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit conducted in accordance with ISAS (UK} will always detect a material misslalernent when il exists. Misstatements can arise fiom fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Iriegularities, including fraud. are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above, to delecl material mi5slatements in respect of irregularities. including fraud. The exlenl to which our procedures are capable of detecting irregularities, including fraud is detailed below.. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consided the following.. the nature of the industry and sector, control environment and business perfomiance including the design of the remuneration policies. key drivers for directors, remuneration, bonus levels and performance targets; results of our enquiries of management about their own identification and assessment of the risks of irregularrties., any matters we identified having obtained and reviewed documentation of their policies and procedures relating to-. identifying. evaluating and cornplying with laws and regulations and whether management were aware of any instances of non-compliance.. detecting and responding to the risks of fraud and whether management have knowledge of any actual, suspected or alleged fraud", the internal controls established to rniligate risks of fraud or non-compliance with laws and regulations. Ihe matters discussed among the audit engagement team including significant component audit teams and relevant internal specialists, including lax and valuations specialists regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As a result ot these procedures. we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest polenlial for fraud. In common with all audits under ISAS {UKI, we are also required to perform specific procedures to respond to the risk of management override. We also obtained an understanding of the legal and regulatory frameworks in operation. focusing on provisions of Ih05e laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included ongoing compliance with the UK Companies Act and tax legislation. In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental for their ability to operate or to avoid a material penalty. 12
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age (continvedj Year ended 31 March 2023 As part of an audit in accordance with ISAS (UKI, we exercise professional judgment and maintain professional sceplicism throughout the audit. We also= Identify and assess the risks of material misstatement of the financial statements, whether due lo fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate lo provide a basis for our opinion. The risk of not detectin9 a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery. inlenlional omissions, misrepresentations, or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting eslimales and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significanl doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainly exists. we are required lo draw attention in our auditor's report to the related disclosures in the financial 51alements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the charity to cease lo continue as a going concern. Evaluate the overall presentation. structure and content of the financial statements, including the disclosures. and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. 13
Engage with Age Company Limited by Guarantee Independent Auditor's Report to the Members of Engage with Age {CDnllnuedl Year ended 31 March 2023 We communicate with those charged with governance regarding. among other matters. the planned scope and liming of the audit and significant audit findings. including any significant deficiencie5 in internal control that we identify during our audit. Use of our report This report is made solely lo the charity's members, as a body, in accordance with Chapler 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's member5 those matters we are required to stale to them in an auditor's report and for no other purpose. To Ihe fullest exlent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's member5 as a body, for our audit work, for this report, or for the opinions we have formed, Paul Dolan (Senior Statutory Audilor) For and on behalf of Finegan Gibson Ltd Chartered accountants & statutory auditor Causeway Tower 9 James Street South Belfast BT2 8DN 30 November 2023 14
Engage with Age Company Limited by Guarantee Ststement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 2023 Restricted funds Totsl funds Total funds 2022 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Investment income 9,895 7,118 3,852 205,272 13,747 212.390 550 243,508 57 Total income 17,013 209,124 226.137 244,115 Expenditure Expenditure on charitable activities Total expenditure 20,684 20,684 235,655 235,655 256,339 244,337 244,337 256.339 Net expenditure 13.671) 126,531) (30,202) 1222} Transfers beeen funds 17251 725 Net movement in funds 14.396) 125,8061 (30,202) (2221 Reconciliation of funds Total funds brought fonNard Total funds carried forward 92.228 33,535 125.763 125.985 87,832 7,729 95,561 125,763 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The note5 on pages 17 to 28 fomi part of these flnanclal statements. 15
Engage with Age Company Limited by Guarantee Statement of Financial Position 31 March 2023 2023 2022 Note Fixed assets Tangible fixed assets 15 3,515 3,144 Current assets Debtois Cash at bank and in hand 16 35,464 72,588 9.690 122.602 108.052 132.292 Creditors: amounts falling due wlthln one year Net Crnt assets 17 (16,006) 92.046 19.673) 122,619 125.763 Total assets less current liabilities 95,561 Not assets 95,561 125.763 Funds of the charity Restricted funds Unrestricted furrds 7,729 87,832 95,561 33,535 g2,228 Total charity funds 20 125,763 These financial statements have been prepared in accordance with the provisions applicable to companies subject lo the small companies. regime. These financial statements were approved by the board of trustees and authorised for issue on 30 November 2023, and are signed on behalfofthe board by.. fja(fv Skelcher Trustee The notes on pages 17 to 28 form part of these financial statements. 16
Engage with Age Company Limited by Guarantee Notes to the Financial Ststements Year ended 31 March 2023 General Snformation The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address of the registered office is East Belfast Network Centre, 55 Templemore Avenue, Belfast, BT5 4FP. Statement of compliance 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 wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} (Charilies SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of Gertain financial assets and liabilities and investment properties measured at fair value through income or expendrf(ure. The financial statements are prepared in sterling. which is the functional currency of the entty. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect Ihe amounts reported. These eslimates and iudgernenls are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the Iruslees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected lo restrictions on their expendrture declared by the donor or through the terms of an appeal, and fall into one of two sub•classes.' restricted income funds or endowment funds. 17
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (CDntinuedJ Year ended 31 March 2023 Accounting policies {conlinuedJ Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity.. it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of income.. income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is probable and ils amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or Ihe estimated resale value. Donated facilities and seNices are retognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for Ihe supply of setvices is recognised with the delivery of the contracted seNice. This 15 classified as unreslricled funds unless there is a contractual requirement for it lo be spent on a particular purpose and returned if unspent. in which case il may be regarded as restricted. ReSoUe5 expended Expenditure is recognised on an accruals basis as a liability is incurred. Expendtture includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities, and th8 sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of rts beneficiaries. including those support cost5 and costs relating to the governance Df the charity apportioned to charitable acliv(ties. other expenditure includes all expenditure that is neither related lo raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activity are allocale(J directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent ba51S. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated al cost less any accurnulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accurnulated impairrnent losses. 18
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 AcGountlng policies f¢ontlntsèd} Tangible assets (conlinuedj An increase in the carrying arnount of an asset as a resull of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for irnpaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation. is recognised in other recognised gains and losses, except to which il offsets any previous revaluation gain. in which case the loss is shown within other recognised gains and losses on the stalement of financial activities. Depreciation Depreciation is calculated so as to write off the cost Dr valuation of an asset, less its residual value, over the useful economic life of that asset as follows- Fixtures and fittings Equipment 20 % straight line 20 % straight line lrnpairment of fixed assets A review for indicators of impairment is carried out at each reporiing date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing. when it is not possible to estimate the recoverable amount of an individual assel. an estimatè is made of the recoverable amount of the cash-generaling unit to which the asset belongs. The cash-generating unil is the smallest identifiable groJp of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For irnpairment testing of goodwill, the goodwill acquired in a busines5 combination is, from the acquisition date, allocated lo each of the cash-generating units that are expected to benefit from the synergies of the combination. irrespeGlive of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability Is recognised only when the charity becomes a party to the onlractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and cuent liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised c05t. 19
Engage with Age Company Limited by Guarantse Notes to the Financial Statements (conllnuedj Year ended 31 March 2023 Accounting policies (contlnued) Financial instruments (continued) Where investments in shares are publicly traded or Iheir fair value can olhetwise be Measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an a5sel is deferred beyond normal business temis or financed at a rale of interest thal is not a market rate, in which case the asset Is measured at the present value of the future payments discounted at a market rale of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value. with any changes recognised in the statement of financial activities, with the exception of hedging inslrumenls in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance. and other financial assets that are individually significant. these are assessed individually for impairment. Other financial as$els are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carying amount would have been had the impairment not previously been recognised. Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised a5 an asset to the extent that the prepayment will lead lo a reduction in future payments or a cash refund. Vvhen contributions are not expected to 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 15 recognised as an expense in the period in which it arises. Limited by guarantee Engage with Age is a company limited by guarantee and has no share capital. In the event ofthe charity being wound up. Ihe liability in respect of the guarantee is limited to £1 per member of the charity. 20
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2023 Donatiofts and legacies Unrestricted Funds Restricted Total Funds Funds 2023 Donatlons Donations 1,800 352 2,152 Grants CB and HH TaylorTrust Esmee Mitchell Trust Souter Trust HDH WIIIIS Thompson Trust St James. Place 1,000 2,500 1.000 2,500 4,000 500 1.000 2.595 4,000 500 1,000 2.595 9,895 3,852 13,747 Unrestricted Funds Restricted Total Funds Funds 2022 Donations DDnatiDns 550 550 Grants CB and HH Taylor Trust Esmee Mitchell Trust Souter Trust HDH WIIIIS Thompson Trust St James, Place 550 550 21
Engage with Age Company Limited by Guarantee Notes to the Financial Statements fcontinuedj Year ended 31 March 2023 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2023 Enkalon Halifax Thompson Trust LFT Trust Haramead Trust Awards for All Belfast City Council Belfast Health & Social Care Trust Public Health Agency Public Health Agency Service Enhancements Independent Age Other Grant5 Arts Council Nl 666 666 45 33.309 52,119 114,847 45 39,147 52,519 114,847 5.838 400 880 880 4,286 212,390 4,286 205,272 7,118 Unrestricted Funds Restricled Total Funds Funds 2022 Enkalon Halifax Thompson Trust LFT Trust Har2mead Trust Awards forAII Belfast City Council Belfast Health & Social Care Trust Public Health Agency Public Health Agency Service Enhancement5 Independent Age Other Grants Arts Council Nl 500 5,000 5,000 10.000 5,000 9,900 30,406 59,447 79.730 23,274 15.000 500 5,000 5,000 10.000 5,000 9,900 30,406 59.447 79,730 23.274 15,000 251 251 251 243.257 243,508 Investment income Unreslricled Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Deposit Accounts 57 57 22
Engage with Age Company Limited by Guarantee Notes to the Financial Statements {¢ontinued) Year ended 31 March 2023 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2023 Promote Health and Wellbeing Support costs 13,433 7.251 214,417 21.238 227,850 28.489 20,684 235.655 256,339 Unrestricted Funds Restricted Total Funds Funds 2022 Promote Health and Wellbeing Support costs 215,708 28,629 244.337 215,708 28,629 244,337 Expenditure on charitsble activities by activity type Activities undertaken directly Support costs Total funds 2023 Total fund 2022 Promote Health and Wellbeing Governance costs 227,850 25,530 2,959 253,380 2,959 241.480 2,857 227,850 28,489 256,339 244.337 10. Analysi5 of support costs Analysis of Support Costs Total 2023 Total 2022 Staff costs Premises General office Finance costs Governance costs 15,895 5,625 4,010 84 2,875 15,895 5.625 4.010 84 2,875 28,489 15,901 5.625 4,035 129 2,728 28,489 28,418 11. Net expenditure Net expenditure is stated after chargingllGreditingl.' 2023 2022 Depreciation of tangible fixed assets 1,051 1,009 23
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 March 2023 12. Auditors remuneration 2023 2022 Fees payable for the audit of the financial statements 2,875 2,810 13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follow5.. 2023 2022 Wages and salaries Social securily costs Employer contributions to pension plans 94,899 3,035 4,606 94,467 3,522 4,839 102,628 102.540 The average head count of employees during the year was 4 {2022'. 51. No employee received employee benefits of more than £60.000 during the year (2022-. Nil) Key Management Personnel The key management personnel of the charity comprise the part time Director and Operations Manager. The total employee benefits of the key management personnel of the charity lolal £53.412 {2022.' £46,521) 14. Trustee remuneration and expenses The Charity Trustees were not paid or received any other benefits from employment with the Charity in the year12022'. £NILI. They were not reimbursed for travel expense during the year 12022'.N ILI. No charity trustee received payment for professional or other service5 supplied to the charily {2022.' £NILI. 24
Engage with Age Company Limited by Guarantee Notes to the Financial Statements fconfinuedj Year ended 31 March 2023 15. Tangible fixed assets Fixtures and fittings Equiprnent Total Cost At 1 April 2022 Additions 18,641 11,751 1,422 30,392 1,422 At 31 March 2023 18,641 13,173 31,814 Depreciation Al 1 April 2022 Charge for the year At 31 March 2023 18,641 8.607 1.051 27,248 1,051 18,641 9,658 28.299 Carrying amount At 31 March 2023 3.515 3,515 Al 31 Maroh 2022 3,144 3,144 16. Debtors 2023 2022 Trade debtors Prepayments and accrued income 2.000 33,464 9.690 35,464 9,690 17. Creditors: amounts falling due within one year 2023 2022 Trade creditors Accruals and deferred income Other creditors 8,485 6,993 528 2,469 6,859 345 16.006 9,673 18. Deferred income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 2023 4.131 14,131) 4,293 4,131 4,293 4,131 25
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (con¢inuerfJ Year ended 31 March 2023 19. Pension5 and other p05t retirernent benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,606 {2022= £4,639). 20. Analysis of charitable funds Unrestricted funds At 1 April 2022 At31 Transfers March 2023 Income Expenditure Designated Fund (Note A) General Funds (Note Bl 11,737 80,491 92.228 11,737 76.095 17,013 (20,684) (20.684) (7251 (7251 17.013 87.832 At 1 April 2021 A131 Transfers March 2022 Income Expendilure Designated Fund (Note A) General Funds {Nole Bl 11.664 68,956 73 10,877 11,737 80.491 858 80.620 858 10.750 92.228 The Trustees have decided to allocate a fund of £11,664 to cover the sustainability gap beeen income and expenditure for the 2020-21 financial year budget (Note Al and hold unrestriGted designated reserves for winding up and running cost5 to the value of £68.956 (Note Bl. Restricted funds At 1 April 2022 At31 Transfers March 2023 Income Expenditure BHSCT Belfast City Council Public Health Agency Enkalon Foundation Souter Charitable Trust Comic Relief 52,119 28.149 114,847 666 152,1191 128.4371 1126,797) (1.166) 286 14,022 500 2,072 2,068 {606) 1,462 26
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2023 20. Analysis of charitable funds (conlinued) Awards forAII DEFEB Halifax Thompson Trust BCC- Hug in a box BCC- Covid Response Comic Relief (Covid) Age Nl LFT Haramead Trust Independent age Arts Council Nl BCC - FOW BCC - PAL CB and HH Taylor Trust 5.620 454 45 2,852 {5,665) (111) 3,195 5,000 583 15.000} {833) 250 5,000 15,0001 4,286 2,470 2,440 1,000 {5,011) (2,470) (2,440} 725 1,OOQ 33,535 209,124 (235,6551 725 7.729 Al 1 April 2021 A131 Transfers March 2022 Income Expenditure BHSCT Belfast City Council Public Health Agency Enkalon Foundation Souter Charitable Trust Comic Relief Awards for All DEFEB Halifax Thompson Trust BCC- Hug in a box BCC- Covid Response Comic Relief (Covid} Age Nl LFT Haramead Trust Independent age Arts Council Nl BCC - FOW BCC - PAL CB and HH Taylor Trust 59,447 28,250 103.004 500 148,916) 128,588) (101.740} 110.5311 626 12.758 288 14,022 500 3.000 7,074 13,000) 15.006} {4,280> 2,068 5,620 454 9,900 454 5.000 5,000 2,156 (5.0001 5.000 583 13.335 4,999 219 2,900 114,9081 (4,999) (219) (2,900) {10,000) 10,000 5,000 15,000 5.000 (15,000) 45,365 243,257 {244,337) (10,7501 33,535 27
Engage with Age Company Limited by Guarantee Notes to the Financial Statements (contlnuedj Year ended 31 March 2023 21. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3,515 96,030 (11.713) 87.832 3,515 108,052 (16.0061 95.561 12,022 14.293) 7,729 Unrestricted Funds Restricted Total Funds Funds 2022 Tangible fixed assets Current assets Creditors less than 1 year Net assets 3,144 123.223 15,541) 120,826 3,144 132.292 (9,6731 125,763 9.069 (4,1321 4,937 28
Engage with Age Company Limited by Guarantee Management Information Year ended 31 March 2023 The following pages do not form part of the financlal statements. 29
Engage with Age company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Income and endowments Donations and legacies Donations CB and HH Taylor Trust Esmee Mitchell Trust Souter Trust HDH WIIIIS Thompson Trust St James, Place 2.152 1,000 2,500 4,000 500 1,000 .2.595 550 13,747 550 Charltable activities Enkalon Halrfax Thompson Trust LFT Trust Haramead Trust Awards for All Belfast City Council Belfast Health & Social Care Trust Public Health Agency Public Health Agency Service Enhancements Independent Age Other Grants Arts Council Nl 666 500 5.000 5,000 10,000 5.000 9.900 30,406 59,447 79.730 23.274 15.000 251 45 39,147 52,519 114,847 880 4,286 212,390 243,508 Investment income Deposit AccoLrnls 57 Total income 226,137 244,115 30
Engage with Age Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 March 2023 2023 2022 Expenditure on charitable activities Promote Health and Wellbeing Activities undertaken directly Wages & Salaries Employers NIC Pension Costs Rent & Service Charge Outsourcing Fees Repairs & Cleaning Insurance Programme Costs IT Support & Maintenance Staff Travel Consultancy Telephone Volunteer Expenses Affiliation Fees Publicity Bad debt 80.071 2,601 3,973 10,855 14,822 120 627 99,302 1,242 1.835 5,127 991 79,495 3,019 4,002 10,855 10,551 119 567 102,201 908 146 2,090 599 629 648 5.000 251 896 227,850 215,708 Support costs Wages & Salaries Employers NIC Pension Costs Rent & Service Charge Insurance Staff Travel Office Costs Depreciation Affiliation Fees Sundiies Training 14,828 434 633 5.625 289 97 1,460 1,051 70 1.063 14,972 503 637 5.625 243 1,632 1.009 28 848 267 25,530 25.772 Governance costs Audit Fees Bank Charges 2.875 84 2,728 129 2,959 2,857 Expenditure on charitable activities 256,339 244.337 Net expenditure (30,202> (222) 31