Charity Number: NIC101394 Loughshore Care Partnership Annual Report and Unauditsd Financial Statements for the financial year ended 31 March 2023 Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northern Ireland
Loughshore Care Partnership CONTENTS Page Reference and Administrative Information Trustees, Annual Report statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-14
Loughshore Care Partnership REFERENCE AND ADMINISTRATIVE INFORMATION Trustees Kevin Fox Edith Stevenson lan Abraham Mary Smyth Mary Statford Mary Yarr Charlty Number in Northern Ireland NIC101394 Registered Office and Principal Address Floor 1 2 North Street Lurgan Co Armagh BT67 9AQ Northern Ireland Independent Examiner Daly Park & Company Ltd Chartered Accountants 4 Carnegie Street Lurgan Co. Armagh BT66 6AS Northem Ireland Bankers Danske Bank P.O.Box 183 Donegall Squarewest Belfast Co. Antrim BT16JS Northern Ireland
Loughshore Care Partnership TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2023 The Irustees present their Tnjstees, Annual Report, combining the Directors, Report and Trustees, Report. and the unaudited financial statements for the financial year ended 31 March 2023. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). The Trustees, Report contains the infomialion required to be provided in the Trustees, Annual Report under the Statement of Recommended Practice (SORP) guidelines. The trustees of the company are also charity trustees for the purpose of charity law and under the company's constitution are known as members of the board of trustees. In this report the trustees of Loughshore Care Partnership present a summary of its purpose, governance, activities, achievements and finances for the financial year 31 March 2023. The company is a registered charity and hence the report and results are presented in a form which complies with the requirements of the Companies Act 2006 and, allhough not obliged to comply with the Statement of Recommended Practice (Charities SORP), the organisalion has implemented its recommendations where relevant in these financial statements. Results and Dividends At the end of the financial year the company has assets of £114,295 (2022 - £94.949) and liabilities of £720 {2022 - £957). The net assets of the company have increased by £19.583. Trustees The trustees who served throughout the financial year, except as noted, were as follows.. Kevin Fox Edith Stevenson lan Abraham Mary Smyth Mary Starford Mary Yarr In accordance with the Articles of Association, the directors retire by rotation and being eligible. offer themselves for re-election. Compliance with Sector-wide Legislation and Standards The company engages proactively with legislation. standards and codes which are developed for the sector. Loughshore Care Partnership subscribes lo and is complianl with the following.. The Companies Act 2CL6 The Charities SORP (FRS 102) Aims l Objectives I Structure, governance & management, Public Benefit Loughshore Care Partnership was established in August 2003 as a new and innovative programme of care for older persons in isolated rural areas. The partnership is made up of assoGiates from the local statutory, voluntary and community sector. Its aim is to provide locally based health and social care services lo those living in rural areas of the southern shores of Lough Neagh. Publlc Benefit Statement In setting our objectives and planning our adivities for the year the trustees have given careful consideration to the Charity Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped to achieve the charity's purposes and provide a benefit to the beneficiaries. The benefits of Loughshore Care Partnership are both clear and directly related to the charity's aims and objectives. These benefits are and will be demonstrated through surveys of satisfaction at the end of any course, increased attendance at relevant meetings and advice and guidance sought by members, The charity beneficiaries are people living in the Lough Neagh area and the surrounding areas. Reserves Policy The Trustees continue to monitor and update the reseNes policy in order to establish the level of reseeS that are required lo Continue to provide support and investment into all the projects for the next Iwelve months. The Trustees have a reserves target of six months running cosls and continue to work towards this target.
Loughshore Care Partnership TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2023 Loughshore Care Partnership Chairman's Report The senior citizens, groups, under Loughshore Care Partnership, continue to support the elderly people of the rural Loughshore catchment area with renewed energy afier the adversity of the Pandemic. Our group volunteers deserve great praise for their loyalty and dedication to the senior citizens, ensuring that they have safe and friendly place to chat, build friendships and engage in varied activities. The volunteers continue to support those still hesilanl to retum to the clubs Ihrough regular phone calls. thout our funders we would not be able to bring such a service and such a varied programme of activities to Ihe senior citizens. Our funders include Southern Health and Social Care Trust, Department of Communities, ABC Council. National Lottery, Garfield Western, Halifax, Sir Jules Thorn, Danske Bank, LFT Charitable Trust. Albert Hunt Trust. Arts Council Nl, Homebase, and Loughshore A¢$$ and Community Enterprise (LACE) . We are particularly indebted to the SHSCT. We value the SeNice Level Agreement we have in place with it, allowing us to meet insurance, rental, administration, and general running costs. l. as Chair, along with Mary Mc Alinden met with their representative in February 2023 to discuss our joint commitments. Hence, we carried out a reprofiling and adjustments were made accordingly. Thus, we no longer outsource administration. We also wish to thank DART Partnership for their significant assistance, ensuring that senior citizens havè transport to the clubs each week. Many drivers are volunteers, and they carry out their tasks with due care and consideration to the elderly. The Loughshore Minds Matter project is also making such a difference to the engagement and entertainment of the senior citizens. This project, led by Hazel who brings so much energy and creativity are to be commended PROJECTS". Famil Choices. Family Choices is a community-led initiative project designed to support families who are going through the difficult experience of caring for a family member at the end of their life and providing support lo their loved ones after their passing. The project is managed by Bernadette Donnelly, with Iwo staff members named Catherine Brady and Renata Juraske. The primary goal of the project is to offer holistic support to these families. This support encompasses practical assistance and emotional support to help address the various needs and challenges that families face durtng this critical period in their lives. The project acknowledges and appreciates the dedication and hard work of the staff members involved in delivering its services. Additionally. the project recognises the support it receives from The National Lottery as one of its specific fijnders. Lou hshore Minds Matter. The Loughshore Mind Matter project aims lo provide vital support to the rural community living along the soulhem shores of Lough Neagh. Our goal is to offer a variety of interventions and activities suitable for people of all ages, addressing the adverse effects of isolation experienced during the COVID-19 pandemic on their mental well-being. The project Coordinator, Hazel Boland. has actively engaged with local groups and collaborated with staff from the ABC Council and the Trust to secure additional support. Notably, we've facilitated the presen of the Cancer Focus Bus at various venues in recenl months. This project is funded through the Department of health and the Community Foundation. 4omes un Humour Loosel Woven Art ro ect -his project Combines our rich cultural heritage of local folklore, music, and performance. Post-lockdown. our Senior 4itizen were hesitant to resume activities at the Weekly Day Care Service, this project was aimed lo encourage )articipation and engagement to unite our communities. It featured storytelling workshops, traditional crafts. and nter-generational events featuring stories, food, music, and dance. This project was funded by the Arts Council Nl. Can Cook Will Cook Through this project, Loughshore Care Partnership wanted to be proactive in encouraging those older people who attend the Day Care Centres and show them how easily it can be lo enjoy making good nutritious meals when they are at home. Even if they are just cooking for one there is a lot of pleasure to be gained in having a delicious home cooked meal. Local lady Pauline Skellon delivered a sertes of cookery and food sampling demonstrations at each of the Day Care Centres and all participants received a slow cooker. This project was funded by the Community Foundation.
Loughshore Care Partnership TRUSTEES, ANNUAL REPORT Tor the financial year ended 31 March 2023 We have been successful in gaining funding from different source5 and without the dynarni5m and dedication of Mary Mc Alinden, this would not happen. Her diligence in dealing with the financial matters of LCP and her understanding of Community Development are crucial lo LCP's success. To those who have faced health challenges this year, we extend our warm wishes for a swift recovery and a relijfn lo full he811h. For those who have experienced loss, both within the LCP and our senior citizens, groups, we offer our heartfelt condolences. Challenges remarn for LCP. We need new volunteers who share our commitment for Ihe people in this area. We need lo reach out Io i501aled people who may be Unawa of our group5, aclivilie5. We will ¢onlinLJe to look for funding to maintain and improve our support for Ihe rural communily we serve around the Loughshore. We remain hopeful and optimistic as we look forward lo the future. Mary Yarr, Chairperson Approved by the Board of Trustees on 6th November 2023 and signed on its behalf by: Trustee Trustee
Loughshore Care Partnership STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financial year ended 31 March 2023 The Iruslees. who are also directors of LoughshDre Care Partnership for the purposes of company law. are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the trustees as the director5 to prepare financial statements for each financial year. Under that law the Iruslee5 have elected lo prepare the financial slalements in accordance with United Kingdorn Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl including FRS102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the Iruslees must not approve the financial slalemenls unless they arg sali5fied that they give a true and fair vievl ot the stale of affairs of Ihe company and of Ihe net income or expendiluTe of the COTnpany for that period. In preparing these financial statements. the trustees are required lo.. select suitable accounting policies and apply Ihern consislenlly-, make judgemanls and eslimales that are reason8ble and prudent., state whether the financial statements have buen prepared in accordance wilh the relevant financial reporting framework. identify those standards, and note the effect and the reasons foi any material dèparture from those stsndards., and prepare the financial slalemenls on the going concem basis unless it is inappropriate lo presume that the company will eonlinue in operation. The Iruslees confirm that they have complied wl£h the above requirements in preparing the financial slatemenls. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the cofflpany's transactions and disclose walh reasonable accuracy al any lime the financial position of the company and enable them to ensure that the financial statements comply with. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irre9ularilies. Approved by the Board of Trustees on 6tb November 2023 and signed on its behalf by: Trustee
Loughshore Care Partnership INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF LOUGHSHORE CARE PARTNERSHIP We have examined the financial statements of the company for the financial year ended 31 March 2023, which comprise the Stalement of Financial Activities (incorporating an Income and Expenditure Account), the Balance Sheet and the related notes. This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our work has been undertaken so that we might compile the financial statements that we have been engaged lo compile, report to the Board of Trustees that we have done so. and stale those matters that we have agreed to state to them in this report and for no olher purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our work, or for this report. Respective responsibilities of trustees and examiner The company's trustees (who are also the direclors of the company for the purposes of company lawl are responsible for the preparation of the financial stalemenls in accordance wilh the requirements of the Companies Act 2006. The company's trustees consider that an audit is nol required for this financial year under Chapter 3 of Part 16 of the Companies Act 2006 and that an independent examination is required. It is our responsibility to.. examine the financial statements under section 65 of the Charities Act; follow Ihe procedures laid down by the general Directions given by the Charity Commission for Northern Ireland under section 65(91(b) of the Charities Act. and state whether particular matters have come to our attention. BasTS of independent examiner's report We have examined your company financial statements as required under section 65 of the Charities Act and our examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland under section 65(91(bl of the Charities Act. An examination includes a review of the accounting records kept by the company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair. view and the report is limited to those matters set out in the statement below. In connection with our examination, no matter has come to our attention which gives us cause to believe that in. any material respect: accounting records were not kept in accordance with section 386 of the Companies Act 2 the financial statements do not accord with Ihose accounting records the financial statements have not been prepared in accordance with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Stalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) there is further information needed for a proper understanding of the accounts to be reached. Independent examinerfs statement We have no concems and have come across no other matters in connection with the examination to which attention should be drawn his report in order to enable a proper understanding of the financial statements to be reached. LY K & COMPANY LTD ed Accountants egie Street Lurgan Co. Armagh BT66 6AS Northern Ireland Date: 6th November 2023
Loughshore Care Partnership STATEMENT OF FINANCIAL ACTIVITIES {Incorporating an Income and Expendlture Account) for the financial year ended 31 March 2023 Unrestricted Restricted Funds Funds 2023 2023 Total Unrestricted Restrided Funds Funds 2022 2022 Tolal 2023 2022 Incoming Resources Voluntary Income Investments Other income 27,420 378 8,440 132,846 160,266 378 8,440 26,635 337 3,950 61,108 87,743 337 3,950 Total incoming resources 36,238 132,846 169.084 30,922 61,108 92,030 Resources Expended Charitable activities 31,594 117,907 149,501 23,139 103,727 126.866 Net incomingloutgoing resources before transfers Gross transfers between funds 4,644 14,939 19,583 7,783 (42,6191 (34,836) 11,881) 1.881 (461) 461 Netmovementin funds for the financial year 2,763 16,820 19,583 7,322 {42,158} {34,836) Reconciliation of funds Balances brought fOard at 1 April 2022 13 30,703 63,289 93,992 23,381 105,447 128.828 Balances carried forward at 31 March 2023 33,466 80,109 113,575 30,703 63,289 93.992 The Statement of Financial Activities includes all gains and losses recognised in the financial year. All income and expenditure relate to continuing adivities. The notes on pages 10 to 14 forn part of the financial $tslemenls
Loughshore Care Partnership Company f4umber'. BALANCE SHEET 85 8131 March 2023 2023 2022 Notes Fixed Assets Tangible assets 777 Current Assets Debtors Cash al bank and in hand 10 1,493 112,802 1.659 92,513 114.295 94.172 Credltor$: Amounts falling due within one year 11 1720) 19571 Net Current Assets 113,575 93,215 Total Assets less Current Liabilities 113,575 93.992 Funds Restricted trust funds General fund (unrestricted) 80,109 33,466 63,289 30.703 Totsl funds 13 113.575 93.992 These financial slalemenls have been prepared in acctsrdance with the special provisions relating lo small companies within Part 15 Df the Companie5 Act 2006. For the financial year en(Jed 31 March 2023 the company was entityed lo exernplion from audit under section 477 of the Companies Act 2006.. and no notice has been deposited under section 476. The trustees confirm that the members have not required the company lo obtain an audit of ils fin8n¢ial slalements for the financial year in question in 8¢¢ordance with section 476 of the Companies Act 200S. The Iruslees ackriowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of Ihe slate of affairs of Ihe company a5 al the end of the financial year and of Its profil and 1055 for the financial yèar in accoidance with the reqijifements of sections 394 and 395 and which otherwise comply with the requirernen15 of the Cornpanies Act 2008 relaling lo financial statements, so far as applicable lo the company. Approved by the Board of Trustees and authorised for issue on 6th November 2023 and signed on its behalf by Trustee Truste The notes on pages 10 10 14 Form part of the financial statemenfs 10
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 March 2023 GENERAL INFORMATION Loughshore Care Partnership is a company limited by shares incorporated in Northem Ireland. The regislered office of Ihe company is 1 Maghery Business Centre, Maghery Road, Dungannon. Co Tyrone, BT71 6PA, Northern Ireland which is also the principal place of business of the company The financial statements have been presented in Pound Sterling {£) which is also the functional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following accounting policies have been applied consistently in dealing with items which are considered malerial in relation to Ihe charity's financial statements. Basis of preparation The financial statements have been prepared on the going concern basis under the historical cost convention, modified to include rtain items at fair value. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland FRS 102" As permitted by the Companies Act 2006, the company has varied the standard formats in that act for the Statement of Financial Aclivilies and the Balance Sheet. Departures from the standard formats are to comply with the requirements of the Charities SORP and are in compliance with section 4.7. 10.6 and 15.2 of that SORP. Statement of compliance The financial statements of the company for the financial year ended 31 December 2017 have been prepared on the going concern basis and in accordance with the Statement of Recommended Practice (SORP) "Accounling and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland FRS 102" Cash flow statement The company has availed of the exemption in FRS 102 from the requirement to produce a cash flow slatement because it is classified as a small company. Incoming Resources Voluntary income or capital is included in the Statement of Financial Activities when the company is legally entitled to it, its financial value can be quantified with reasonable certainty and there is reasonable certainty of its ultimate receipt. Entitlement lo legacies is considered established when the company has been notified of a distribution to be made by the executors. Income received in advance of due perfomiance under a contract is accounted for as deferred income until earned. Grants for activities are recognised as income when the related conditions for legal entitlement have been met. All other income is accounted for on an accruals basis. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost or at valuation. less accumulated depreciation. The charge to depreciation is calculated lo write off the original cost or valuation of tangible fixed assets. less their estimated residual value, over their expected useful lives as follows.. Fixtures, fittings and equipment 200/0 Straight line Debtors Debtors are recognised at the settlement amount due after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Income recognised by the company from government gencies and olher co-funders, but not yet received at year end. is included in debtors. Cash at bank and in hand Cash at bank and in hand comprises cash on deposit at banks requiring less than three months, notice of withdrawal. Taxation No current or deferred taxation arises as the company has been granted charitable exemption. Irrecoverable valued added lax is expensed as incurred. 11
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 INCOME DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds 2023 2022 GRANTS RECEIVED 27,420 132,846 160.266 87,743 INVESTMENTS Unrestricted Restrictsd Funds Funds 2023 2022 Investments 378 378 337 OTHER INCOME Unrestricted Restricted Funds Funds 2023 2022 Other income 3,950 EXPENDITURE CHARITABLE ACTIVITIES Direct Costs other Costs Support Costs 2023 2022 GRANT FUNDED EXPENDITURE COMMUNITY DEVELOPMENT & RELATED ACTIVITIES 133,272 16,229 133,272 16,229 102.421 24,445 149.501 149.501 126.866 SUPPORT COSTS Charitable Activities 2023 2022 Project Costs Staff Training Wages and Salaries General office costs Accountancy & Other Professional Fees Bank Charges Advertising & Marketing Travel & Subsistence Premises Costs Sundry Costs 26,905 2,757 92.549 12,658 2,050 203 6.200 832 1,000 4,347 26,905 2,757 92,549 12,658 2,050 203 6,200 832 1,000 4,347 28,145 751 80,339 3,034 1,689 547 3,612 4,717 1,274 2,758 149,501 149,501 126,866 12
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 ANALYSIS OF SUPPORT COSTS 2023 2022 Project Costs Staff Training Wages and Salaries General office costs Accountancy & Other Professional Fees Bank Charges Advertising & Marketing Travel & Subsislence Premises Costs Sundry Costs 26,905 2.757 92.549 12,658 2,050 203 6,200 832 1,000 4,347 28,145 751 80.339 3,034 1,689 547 3.612 4,717 1,274 2,758 149,501 126,866 NET INCOMING RESOURCES 2023 2022 Net In¢oming Resources are stated after charyingl(crediting): Depreciation of tangible assets 1,161 INVESTMENT AND OTHER INCOME 2023 2022 Bank interest 378 337 EMPLOYEES AND REMUNERATION The staff costs comprise.. 2023 2022 Wages and salaries Pension costs 99,100 1,575 76,318 1,306 100,675 77,624 No remuneration was paid lo any Trustee during the year. TANGIBLE FIXED ASSETS flttlngs and equipment Total Cost At 31 March 2023 11,507 11,507 Depreciation At 1 April 2022 Charge forthe financial year 10.730 777 10,730 777 At 31 March 2023 11,507 11,507 Net book value At 31 March 2023 At 31 Mah 2022 777 777 13
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 10. DEBTORS 2023 2022 Prepayments and accrued income 1,493 1,659 CREDITORS Amounts falling due within one year 2023 2022 Taxation and social security costs Accruals and deferred income 237 720 720 720 957 12. RESERVES 2023 2022 At 1 April 2022 Surplusl(Deficit) for the financial year 93,992 19,583 128,828 (34,836) At 31 March 2023 113,575 93,992 13. FUNDS 13.1 RECONCILIATION OF MOVEMENT IN FUNDS Unrestricted Restricted Funds Funds Total Funds At 1 April 2021 Movement during the financial year 23,381 7,322 105,447 (42,158) 128,828 (34,836) At 31 March 2022 Movemenl during the financial year 30,703 2,763 63.289 16,820 93.992 19.583 At 31 March 2023 33,466 80,109 113,575 14
Loughshore Care Partnership NOTES TO THE FINANCIAL STATEMENTS continued for the financial year ended 31 March 2023 13.2 ANALYSIS OF MOVEMENTS ON FUNDS Balance 1 April 2022 Income Expenditure Transfers between funds Balance 31 March 2023 Restricted funds The National Lottery Cornmunity Fund Armagh City Banbridge & Craigavon Borough Council Danske Bank Garfield Weston The Community Foundation The Albert Hunt Trust Halifax Foundation Nl LFT Charilable Trust Arts Council of Northern Ireland Sir Jules Thorn Charitable Trusl 34,320 63,704 73,204 24,820 2,000 5,147 3,147 1.391 24,001 2,577 125 11,350 18.919 3,000 4,412 (1,266) 12,651 33,173 49,515 3,000 4,412 4,185 6,030 4,185 4,280 1.000 1,750 1,000 63.289 132,846 117,907 1.881 80,109 Unrestricted funds Unrestricted General 30.703 36,238 31,594 (1,881) Total funds 93,992 169.084 149,501 113,575 13.3 ANALYSIS OF NET ASSETS BY FUND Fixed assets - charity use Current assets Current liabilities Totsl Restricted trust funds 80,109 80.109 Unrestricted general funds 34,186 (7201 33,466 114.295 {720) 113,575 14. POST-BALANCE SHEET EVENTS There have been no signrficant events affecting the Charily since the financial year-end. 15