Loughshore Care Partnership TRUSTEES, ANNUAL REPORT for the financial year ended 31 Marth 2024 The trustees present thelr Trustees. Annual Report, combining the Diredors, Report and TnJsle8s' R8POrt, and the unaudited finanrial statements for the financial year ended 31 March 2024. The financial statements are prepared in accordance with the Companies Act 2006, FRS 102 The Financtal Reportlng Standard applicable in the UK and Republic of Ireland" and Accounting and Reporting by Charities.. Statèment of Recommended Practice applicable to charits'es preparing their finan¢ral statements in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102) The Twslees, Report contains the infomalion required to be provided in the Trustees, Annual Report undei the Statement of Recommended Pradice (SORP) guidelines. The trustees of the company are also charity Irustees for the purpose of charity law and under the compan1$ constriution are known as members of the board of trustees. In this report the trustees of Loughshore Care Partnership Psent a summary of 11$ purpose, gOV8rnance, aclivilies, achlevemenls and finances for the finanlial year 31 March 2024. The company Is a registered chairty and hence the report and SuIts are presented in a form which complies with Ihe requirements of the Companies Act 2006 and, allhough not obliged to comply with the Slatemenl of Recommended Practice (Charities SORP effedtve January 2015), organisation has implemented ils recommendations where relevant in these financial statements. Strneture, Governance and Management structure The charity is an unincorporated organisation and ts govemed by its consts'tulion. The Trustees have uliimale legal and financial responsibility for the affairs of Loughshore Care Partnership and manage the day to day affalrs of the charlly themselves. Board meetings are held on a monthly or bi-monlhty basis. All Intslees undertake an indudion proces$ which covers their roles, responsibilities and main duties. etc. Flnan¢lal Review The results for the financial year are sel out in the Statement of Finandal Actlvlty, tha Balance Sheel and related notes contained within these finalas accounts. Re$ults and Divldends Al the end of the financial year the company has assets of £106.144 (2023- £114,295) and liabilities of £1,130 (2023 - £720). The net assets of the company have decreased by £(8,561). Reserves Position and Pollcy In recent years. the voluntary I charity sector has faced significant financial difficulties as a whole and Ihe Trustees acknowledge that LCP operates in an environment where Ihere will aayS be uncertainty over fvlure income streams and expenditure requ1MentS given the possibility that unforeseen expenses and liabilities that will emerge. Against this background it is considered good practi to seek lo build some finanaal reserves whlch wll allow us lo meet future comrnilmenls or unloreseen expenses without a negative impacl on our ability lo deliver our services or develop our business in the manner planned. By holding reserves we are able to.. 1. Absorb setbacks and take advantage of change and opportunity: 2. Demonstrate that we have thought through how we mighi secure our viability beyond the immedrale future and provide reliable services over the longer term: 3. Demonslrale lo potential funders that we are effedively managing our resources, and have given conslderatlon to our long-term plans and viability- There is no absolute level of free reserves that as an organisation should hold but when looking at the level of free reserves consideration should include.. 1. How secure is our present funding. 2. How long would il lake to find aliemalive sources of funrfing. 3. If the organisalion had to close. how long would il take to wind up in an orderly mannerf) 4. What costs could be involved in winding up7- consider. Redundancy costs b. Other staffing liabilities including matemity I patemity pay c. Legal and accountancy costs As a general guide an a¢pIable level of free reserve might be considered to be..
Loughshore Care Partnership TRUSTEES, ANNUAL REPORT for the financial year ended 31 March 2024 1. Suffiaent free reseNes to provide cover for up to six months in relation to know liabilities,. and 2. An additional provision of unrestricted reserves for unforeseen liabilities. LCP continues lo review and update its reseNes policy on an annual basis to tske account of any change in circumstance. Trustees The trustees who served throughout the financlal year. except as noted, were as follows.. Kevin Fox Maria McGrath Edith Stevenson- resigned Sylvia Fegan lan Abraham- deaSed Emma Doyle Mary Smyth - resigned Hafflel Millsopp Mary Slatford Anne Turkinglon Mary Yarr Anne Fox Mary MG41inden In accordance with the Articles of Asso(iation, the directors retire by rotation and, being eligible, offer themselves for re-election. Compllance wlth Sector-wlde Legislation and Stsndards The company engages pro-actively with legislation, stsndards and codes which are developed for the sector. Loughshore Care Partnership subscribes to and is compliant wilh the followng: The Companies Act 2006 The Charities SORP (FRS 102) Structure. governance & management, Publ1¢ Benefit Loughshore Care Partnership was establlshed in August 2003 as a new and Innovallve programm8 of Te lor older persons in isolaled njral are8s. The partnership is mad8 up of associates from the local $latulory, voluntary and community sector. Its aim is lo provide l(Kally based he8llh and social care Se[ce$ to those living in rural areas ol the southern shores of Lough Neagh. Publlc Benefit Statement In setting our objectives and planning our activities for the year the trustees have given careful consideration to the Charily Commission for Northern Ireland's guidance on public benefit to ensure that the activities have helped lo achieve the chaiity's purposes and provide a benefit lo the beneficiaries. The benefits of Loughshore Care Partnership are both clear and directly related to the charity's aims and objeclrves. These benefits are and vlill be dernonslraled through surveys of sa115faclion at the end of any course. increased attendance at felevanl meetings and advlce and guidan¢e sought by members, The charity beneficiaries are people living in the Lough Neagh area and the surrounding areas. Loughshore Care Partnership Chaiman's Report The senior citizens. groups. under Loughshore Care Partnetship, continue lo support Ihe elderfy people ol the rural Loughshore catchment area and are dellghted that new members and new volunteers have joined these groups. They are very welcome. Our group volunteers have shown loyalty and dedication lo the senior citizens, ensuring that they have a safe and ffiendly place to chal. build friendshlps and engage in varièd activities. They deserve great credit for IheSr commitment to their community- The volunteers continue lo encourage new members and support those still hesilanl lo retum to the dubs through regular phone calls. Without our funders we would not be able to bring such a service and suth a varied programme of activitres lo the senior cllizens. Our funders include Southern Health and Social Care Trust, Department of Communities, ABC Council. Garfield Westem, Arts Council Nl, and those who businesses that have made donation to U5 during th6 year such as Hyster, Tesco and GroundforceNI. We are particularly indebted to the SHSCT with whom we have a Service Level Agreement. This is exlremely valuable, allowing us lo meet insurance, rental, administratton. and general njnning costs. We also value their advlce and general support and our meetings with the Trust repsentatIveS a p)sitive and benefiaal. We wish to thank DART Partnership for their slgnffint assistsnce. ensurirvJ that senior citizens have transport to the clubs each week. Many driveT5 ar8 volunteers. and they cary out their tasks with due care and consideration to the eldedy. New Action Plan In the laller part of 2023. we engaged consultant Patrick McKenna to work dosely with Ihe groups we work with and the Loughshore Care Partnership (LCP) committee members. His exlensive efforts enabled us to develop a new
Loughshore Care Partnership TRUSTEES. ANNUAL REPORT for the financial year ended 31 March 2024 three-year action plan for 2024-2026. This plan has been unanimously endorsed by LCP a5 our strategic direction, and we have already begun its implementation. Loughshore Minds Matter Proloct The Loughshore Minds Matter project aims to provide vital support to the wral community living alon9 the soulhem shores of Lough Neagh. Ils goal is lo offer a variety of interventions and actrvities suilable for people of all ages, addressing the adverse effects of isolation experienced. particularty during the COVID-19 pandemic on their mental well-being. The project coordinator. Hazel Boland. has actriely engaged with I1 gft)ups and collaborated with stsff from the ABC Council and the Trust to secure additional support. Notably. we've facililated the presence of the Cancer Focus Bus at various venues in rent months. This proiecl is funded through the Department of Health and Ihe Community Foundation. The Lough$hore Minds Matter project has made a significant difference to the engagement and entertainment of the senior cilizens. This project brings so much energy and creatlvlty, bringing new experiences to the Senior citizens. It has enriched their lives arKI has assisted volunteers in planning and provision of activrties. The prolect acknowledges and appreciates the dedtion and hard work ofthe staff members involved in dellvering ils seniices. Verve Healthy Living Network LCP recently became part of the VeNe Healthy Ltvlng Network and will cover the njral soulh Lough Neagh area. As a member of the VeNe Healthy Living Netsvork wlll bring significanl benefits lo the rural south Lough Neagh area. As part of this netwo. LCP will gain access lo a wide range of heallh and wellbeing programmes tailored lo local needs. including initiatlves focused on healthy lifestyles, mental and emotional wellbelng. and social inclusion. The partnership will strengthen community engagemenl, increase the availability of health resources, and provide opportunities for shared learning with other nelwork members. A big Thank You to our volunteers Loughshore Care Partnership extends ils gratitude in recognition of the diligenl efforts and the ¢ommilmenl shown by the volunteers with whom it collaborates on a weekly basis. They certainly are a prime example of motivation which will hopefully inspire olhers lo become involved in helping in Iheir community in the future. New volunteers are always encouraged to partidpate and dedicate a few hours each week to any of the groups we work with. Remember the act of giving and connecting wilh others through volunteering is one of the most meaningful ways of making a valuable contribLrtion lo your community. Acknowledging Our Team and Offering Support Despite the current challenges in the funding arena. we have continued to secure slgnificanl financlal support from various sources. Thls success is largely due to the dynamism and dedication of Mary McAlinden. Her meliculous management of LCP'S financial matters. coupled with her deep understanding of community development. has been Instrumentsl in our ongoing success. To those who have faced health d)allenges this year. we send our WaeSt wishes ft)r a swift recovery and a retum lo full health. We exiend our hearffell condolen5 to those who have expertenced loss within the LCP and our senior citizens, groups, especially to the family of lan Abraham from Derryadd. a valued LCP committee member who recenuy passed away. To the future Challenges remain for LCP. We need new volunteers who Sha our comrnitmenl for the people in this area. We need to reach out to isolated people who may be unaware of our groups, activities. To promote this, we are wotking on the development of a social media presence and have also produced posters and flyers for the 2024126 Senior Citizens programme of activities. We remain hopeful and optimistic as we continue to maintain and improve our support for the rural community that we serve around the Loughshore.
Loughshore Care Partnership TRUSTEES, ANNUAL REPORT for the financial year ended 31 Marth 2024 Approved by the Board of Tntstses on / .S' and $lgned on Its behalf by: Mary Trustee Alinden Mary Trus rr
Loughshore Care Partnership STATEMENT OF TRUSTEES, RESPONSIBILITIES for the fin8naal year ended 31 March 2024 The Iruslees, who are also directors of Loughshore Care Partnership forlhe purposes of company law, are responsible for preparing the financial slatements in accordance %wlh applicable law and regulations. Company law requires the trustees as the dire(lors to Ppare financial statements for each financial year. Under Ihal law the InJstee5 have elected lo prepa the financh41 slalements in accordance with United Kingdom Generally Accepted Accounting Practice (Unrted Kingdom Accounting Standards and applicable law) including FRS102 'The Flnancial Reporting Standard applicable in the UK and Republic of Ireland" Under company law the Iruslees musl not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the nel income or expenditure of the company for that period. In preparing these financial slalemenls. the trustees are required to.. $ele¢l 5uilable accounting polides and apply them ¢onsislenlly.' make judgements and eslimales that are reasonable and prudent- state whether the financial slalemenls have been piepared in accordance wllh Ihe relevant ffnancial reportlng framewoik, identify those stsndards. and note the effect and the reasons for any material departure from those standards,. and prepare the financial statements on the golrKJ concem basis unless it Is inappropriate to presume that the company will continue in operation. The trustees confirm that they have complied wrlh above requirement$ In preparing the finandal stalemenls. The InJstee8 are responsible for keeping adequate accounting record5 that are sufflclent to show and explaln the company's tr8nsa¢tions and disclose with reasonable accuracy al any lime Ihg financial position uf the company and enable them lo ensure that the financial slatemenl$ comply wilh. They a also responsible for safeguardin9 the assets of the company and hence fortaking Tea50nable steps lor the prevention and deleclion of fraud and other irregularities. Approved by the Board of TnJ8teeB on /0 Si Rr and Signed on Its behalf by: Marym Trustee linden Maryy Truste