Company Registration Number . N1610562 ALLY Foyle Ltd Financial Ststements and Trustees. Report for the Year Ended 31 March 2024
ALLY Foyle Ltd C•ynpany limited by guarantee Contents Page Legal and Administrative Infomiation Trustees, Report Independent Examinerfs Report ststement of Financial Acbvities for the year ended 31 March 2024 Balance Sheet as at 31 March 2024 Notes to the Accounts 10-15
ALLY Foyle Ltd Company limited by guarantee Legal and Admlnlstrntlve Infomiatlon Status . The organisation is a charitable company limited by guarantee. incorwrated in Northem Ireland on 5 January 2012 and is recognised as a charity by Revenue & Customs. The goveming document is a Memorandum and Articles Of Association. Dlrectors: Paula Martin Martin Mccartney Chairperson . Paula Martin Accountsnts . Doherty & Co Accountants Ltd Chartered Certj'fied Accountants The Amp 11 Ebrington Square Dery BT47 6FA Main Bankern . AIB (NI) Meadowbank Strand Road Derry BT48 7TN Registered Office: 18 Balliniska Road Springtown Industrial Estate Dery BT48 ONA Inland Revenue Charity Reference Number . XR 85046 Company Number . N1610562 Charity Commisslon of Northern Ireland Number: NIC 102595 Page 1
ALLY Foyle Ltd Trustees, Annual Report for the Year Ended 31 March 2024 The Directors are pleased to psent their annual report together wrth the financial statements of the Charity for the year ended 31 March 2024 which are also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act (Nl) 2022, the Companies Act 2006, the Memorandum and Articles of Associaknon, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to chanties preparing their accounts in accordance wth the Financial Reporting Stsndard applicable in the UK and Republic Of Ireland (FRS102) (effective 1 January 2019.) The company is govemed by a MemOndum and Articles Of Association dated 05101112. The company number is Nl 610562 and the registerd Offi is 18 Balliniska Road, Springtown Industrial Estate, Derry. The company is a registered Northern Ireland charity- reference NIC 102595. Directors and trustees The directors of the charitable company (the Charity> are the trustees for the purposes of Charity Law. The trustees during the year and at 31 March 2024 were as follows.. Paula Martin Martin Mccartney Chalrn report It has been my privilege to seNe as Chairperson this year, and l try)k on this role to support our coordinator and fellow commtttee members to continue our charitable work in the local community. Our mission is to promote Active Living among older people and to improve their quality of life, health, and wellbeing. The flexibility, dedicats'on and energy of our Coordinator Angelina has ensured Ally Foyle achieved great SucsS this year both in securing funding from a range of sources. expanding SeiceS and offenng direct support to individual members and netsvork groups The Ally Foyle FacebcK)k site has grown considerably this year and the continued active promotion of activities by our coordinator has been very much welcomed by members, and for groups not online the monthly information bullets"n has been very popular and ensures all members are kept up to date with current and upcoming events and actjvities. This current period saw Ally Foyle network involved in a wide range of acts'vib'es and promotions.. Free Books and magazines. Smart pass availability. Tickets for the Monthly Mayors Tea dances, engagement sessions with Macmillan Cancer Support, Carers monthty drop in group Seices, yoga virtual events, distribution of Ally Foyle packs I Cookery packs, Keep Wami at Home packs etc}, Healthy Cooking videos and sessions, and t)enefit checker for older people to ensure all benefit entEUements are being claimed for. Feedback from our nefv40rk members, through Facebook, email and text messages has been very positive and I would like to acknowledge thanks to all participants in our activities, your continued support has helped the neork to expand and reach more older people in the communty. I would like to thank my fellow committee members for showing up on a regular basis to meetings and events, for providing advi and contributing to additional ways of meeting the needs of older people in the community, your individual contributions have very much supported Ally Foyle's achievements this year. Page 2
ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 Our purposes and actlvltles The purposes of the Charity is to provide active ageing programmes for older people in the Foyle area and to develop partnerships with appropriate networks and relevant agencies. This is done with the help of public funding and all acts'vits'es are funded from grants received. In shaping our objectives for the year and planning our activities, the directors have considered the Chanty Commission's guidan on public benefit requirement (PBR1). We endeavour to encourage a wide range of people and organisations to tske advantage of our eXpese and promote all within our community to make use of our services. We have put these strategies Into action through various programmes and activities as outlined in the Chair's Report and in our programme for the coming 2024-25 season. This programme of activrties focuses very much on supporb'ng our members. Volunteers The Charty is very involved in the community and we rely on voluntary help. We are assisted by volunteers within each older people's group vtho help organise proJrammes within the indsvidual clubs and groups Related Parties The organisation has close relationships with other groups in the Foyle area engaged in the provision of services to older people. Achievements and perfomianco In addition to the mainstay of our annual programme we provide infomiation to older people, offer training and consultation's and provide different reSoUrS such as feel safe leaflets, fire safety leaflets, falls prevention leaflets, gnpper handles, medicine bottles, magnifiers, walking maps. inft)rmation leaflets, & hot drink mugs. We neOrk with different groups and clubs and offer advice and information through email, social media and newsletters directty posted out to older people. Financlal Review As outlined above all activities are funded by grants received. During the year income of £51.039 was received and totsl costs were £42.671. This left a surplus for the year of £8.368 which when added to opening reserves of £25,506, left the Charity with reserves of £33.874 at the year end. The Directors were pleased with the results for the year. The unrestricted reserves at the year*nd were £2,815. Page 3
ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 Reserves policy and golng concern Reserves are needed to bridge the gap between the spending and receiving of income and to cover unplanned emergency costs. Due to the nature of Charity, no activities are started or costs incurred until funding is in place. The Directors consider that it is not necessary to have unrestricted reserves as funding is in place to meet all costs. The trustees have reviewed the circumstances of the Charity and consider that there is secured funding in place that is adequate to fund activities for the foreseeable future. The directors are of the view that the Charity is a going concem. We will conts'nue to source funding for the network. Our service level agreement has been extended unts'l March 2024 to ensure our sustainability. Plans for future period8 We plan to continue to offer a variety of programmes and activitEs directly to older people in their Clubs, groups, community centres and sheltered l assisted living accommodations. We will continue to SOU extra funding for the delivery of positpie ageing programmes that Y plan directly with older people. Networking and partnerships are a part of the success of Ally Foyle and the management committee assists in helping develop projects that take place. We conb'nue to meet our aims and objectives by supporting and netsvorking with volLtntary & community member groups along wrth relevant statutory agencies. In order to challenge these issues, we conts'nue to sit on various committees working with older people. We have a yearfy ser4ice level agreement the WHSCT, who conts'nue to provide funding towards Active Ageing Programmes for our member groups. We are athys sourcing funding to continue to provide programmes and activities for our okler people to take part in. Successful grant applications have been secured from: WHSCT service level agreement.. £23,516 Clear (PHA) - £3,424 Older people's fund - £5,460 Wesyln Foundation - £5,460 Awards for All- £9,970 Arts Council - £2,140 Positive Ageing Month - £500 Donats'ons - £569 The finances and budgets are monrtored by our ctrordinator and rerted to the committee. our annual accounts are available for inspection. We would like to thank members of the Management Committee vtho have supported our co-ordinator and also our member groups and funding bodies. Page 4
ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 Statement of trustee8' responsibilities The Charity Trustees (who are also the directors of the ALLY Foyle Ltd for the purposes of company law) are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards {Unrted Kingdom.Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitsble company and of the profft or loss of the company for that year. In preparing these the Trustees are required to.. - select suitable accounb'ng p)licies and apply them consistently: -observe the methods and prinrAples in the Charities SORP; - make judgements that are reasonable and prudent state whether applicable accountsng standards have been foll¢Nd, subject to any material departures disclosed and explained in the financial statements; prepare the financial ststements on the going concem basis unless it is inappropriate to presume that the organisation will conts-nue in business. The Trustees are responsible for k*ping proper accounting records which disclose with reasonable accuracy at any time the financial position of the organisatson. They are also responsible for safeguarding the assets of the organisation and hence for tsking reasonable steps for the prevention and deteth'on of fraud and other irregularib'es. This report has been prepared in accordan the special provisions for small companies under part 15 of the Companies Act 2006. This report was approved by the Board on 14 October 2024 and signed on its behalf by Mrs Paula Martln Director Page S
ALLY Foyle Ltd Company limited by guarantee Independent Examinerfs report to the Charity Trustees of ALLY Foyle Ltd Year ended 31 March 2024 We report solely the the Charity Trustees on our examination of the accounts for the year ended 31 March 2024. To the fullest extent permitted by law, we do not accept or assume resp)nsibility to anyone other than ALLY Foyle Ltd and its Trustees as a body for our work or for this report. As a practs'sing member firm of the Chartered Association Of Certified Accountants we are subject to its ethical and other professional requirements which are detailed at vNM.accaglobal.com. Respective responslbllltles of charlty trustees and examiner As the Charity Trustees (and also the directors of the company for the purp)ses of company lawl you are responsible for the preparation of the accounts in accordance wtth the requirements of the Companies Act 2006 and the Chanties Act (Northern Ireland) 2008. Having satisfied ourselves that the charity is not subject to an audit under company law, and is eligible for independent examination, rt is our responsibility to.. xamine the accounts under section 65 of the Charits'es Act. -follow the procedures laid down in general directions given by the Charity Commission for Northern Ireland under section 65{9){bl of the Charits'es Act. -state whether particular matters have come to our attention. Basis of independent examinerfs report We have examined your charity accounts 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{9}(b) of the Chartties Act. The examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also Included consideration of any unusual items or disclosures in the accounts, and seeking explanats'ons from you as charity trustees concerning any such matters. Our role is to state whether any material matters have come to our attention giving us concem to believe: 1. that accounting records were not kept as required by with section 386 of the Companies Act 2006 and section 63 of the Charities Act; 2. that the accounts do not accord wrth those accounting records; 3. that the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006, the Charities Act and with methods and pnnciples of the Chanties Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reportsng Standard applicable in the UK and Republic Of Ireland. 4. that there is further infomiation needed for a proper understanding of the accounts to be reached. Independent examiners statement We have completed our examination and have no concems in respect of the matters111 to (41 atove and, in conneth'on with following the d1ctionS of the Charity Commission for Northem Ireland, we have found no matters that require drawing to your attenb'on. Doherty Co Accountants Ltd Chartered Certified Accountants Tho Amp 11 Ebrlngton Square Derry BT47 6FA 14 October 2024 Page 6
ALLY Foyle Ltd Company limited by guarantee Statement of Financial Activities Ilncluding income and expenditure account) for the Year Ended 31 March 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Notes Income Donations, legacies and simitar 569 569 Income from charitable activities 50,470 50,470 32,334 Total 569 50,470 51,039 32,334 Expenditure Chantable activities 42,671 42,671 36,952 Total 42,671 42,671 36,952 Net income 569 7,799 8,368 (4,618) Net movement in funds 569 7,799 8,368 14,618) Reconclllation of funds Total funds brought forward at 1 April 2023 2.246 23,260 25.506 30,124 Totsl funds carrEd forward at 31 March 2024 2,815 31,059 33.874 25,506 The statement of financial activities includes all gains and losses renised in the year. All income and expenditure derive from continuing activities Page 7
ALLY Foyle Ltd Company limited by guarantee Balance Sheet as at 31 March 2024 Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Notes Flxed Assets Tangible Assets 972 972 1,214 Current Assets Cash at bank and in hand Totsl current assets 2,815 2,815 31,187 31.187 34.002 34,002 25,372 Credltors: amounts falling due wlthln one year 11,100) (1.100) (1,0801 Net Current assets 2.815 30,087 32,902 24,292 Total assets less current Ilabllftles 2,815 31,059 33,874 25,506 Creditors: amounts falling due after one year Net assets 2,815 31,059 33,874 25,506 The Funds of the Charity Funds 2,815 31.059 33,874 25,506 For the year ended 31 March 2024 the company was entsued to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors responsibilities-. The members have not required the company to obtain an audit of its financial ststements for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial ststements. These financBI statements have been prepared in accordance with the provisions applicable to Companies subject to the small companies, regime and in accordance with FRS 102 'The Financial Reports'ng Standard applicable in the UK and Republic of Ireland.. Page 8
ALLY Foyle Ltd Company limited by guarantee These financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024, and are signed on behalf of the Board by,. LL(L*-k- Mrs Paula Martin Director Company Registration Number . N1610562 Page 9
ALLY Foyle Ltd Company limited by guarantee Notes to the financial ststements Year Ended 31 March 2024 General infomiatlon The Charity is a private company limited by guarantee, registered in Northern Ireland. The address of the registered office is 18 Balliniska Road, Spnngtown Industrial Estate, Derry. Accounting pollcles Basis of preparation The financial statements comply vrith the Charities Act (Nl} 2022. the Charities (Accounts and Reports) Regulations (Nl) 2015, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charib"es" Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019.) ALLY Foyle Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at histoncal cost or transaction value unless otherwise stated in the relevant accounting policy note(s>. Tumover Tumover represents the total value of grants received and receivable during the year. Grants are recognised in the Profit and Loss account when the conditions for their receipt have been complied with and there is reasonable assurance that the grant will be received. Income from govemment and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds. any perfomance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not defeed. Taxatlon During the curent year the company has only been involved in charltable activities in furtherance of its charitable objects and is not liable to Income Tax or Corporation Tax. Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated dePlatIOn and impaiment losses Depreciation Depreciation is calculated so as to wrrte off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery 200/0 reducing balance Financial instruments A financial asset or a financial liability is recognised onty when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initsally recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Page 10
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statements {continued) Year Ended 31 March 2024 Llmlted by guarantee ALLY Foyle Ltd is a registered charty limited by guarantee without a share capitsl. Charity Number.. XR85046 Charity Commission of Nl Number. NIC 102595 Funds Unrestricted Revenue Funds - comprise those revenue funds which the management committee are free to use in accordance with the company objectives. Restricted Revenue Funds - comprise those revenue funds which have been given for particular purposes and projects. Page 11
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statements (continued) Year Ended 31 March 2024 S. Income Unrestricted Restricted Funds Funds Totals 2024 Totals 2023 Donations I acies and similar incomin re8ource8 Donations 569 569 569 569 Income from charitable activities WHSCT Awards For All The Older People's Fund Community Foundation - Wesyln Foundats"on DHC - Clear Project Arts Council Nl Positive Aging Month Halifax Foundation 23,516 9,970 5,460 5,460 3.424 2.140 500 23,516 9.970 5,460 5,460 3.424 2,140 500 26.354 2,140 3,840 50,470 32,334 Income from other tradin activities Total 569 50,470 51.039 32,334 Page 12
ALLY Foyle Ltd Company limited by guarantee Notes to the financial statements lcontlnued) Year Ended 31 March 2024 Expenditurn UnrestrIc Restricted Funds Funds Totals 2024 Totals 2023 Expendlture on charitable activities Wages and salaries Programme costs Rent Insuran Stationery & computer costs Publicty Telephone Travel expenses Accountancy fees Bank charges General expenses Depreciation of tangible assets Total 16.728 17,196 3,934 1,052 639 16,728 17,196 3,934 1,052 639 18,707 8,552 5,320 559 144 801 357 1,092 197 59 3iJ4 713 752 1,100 241 73 243 42,671 713 752 1,100 241 73 243 Staff costs The average number of persons employed by the company during the year. including the d1ctOrS was 1 (2023. 1). No remuneration was paid and no expenses We reimbursed to the directors during the year. The key management personnel of the charty comprises ol the Trustees and the Manager. The total benefits of the key management personnel was £16.728 {31 March 2023- £18,707). Page 13
ALLY Foyle Ltd Company limited by guarantee Notes to the financial ststements (continued Year Ended 31 March 2024 Tangible assets Fixtures, frttings and equipment Total Cost At 1 Aprll 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year 2,687 2,687 1,472 243 1,472 243 At 31 March 2024 1,715 1,715 Carrying amount At 31 March 2024 972 972 At 31 March 2023 1,215 1,215 crlt013. amounts falling due wlthln one year 2024 2023 A¢¢ruals 1,100 1,080 1,100 1,080 10. Contingent assets and liabilities ALLY Foyle Ltd has received grant assistance from govemment, public and other bodies. The payment of these grants is made subject to certain conditions being fulfilled. The directors consider these conditions will be sats'sfactorily fulfilled and the likelihLNJJ of having to repay any grant is remote. Page 14
ALLY Foyle Ltd Company limited by guarantee Notes to the finan¢ial statements (continued) Year Ended 31 Mareh 2024 11. Analys18 of charttable funds Analysis of movements in unrestricted funds Balance at IncomlngResources 1 April 2023 Resources Expended Trnnsfe Funds at 31 March 2024 General Fund 2,246 569 2,815 2,246 569 2,815 Name of unrestrictsd fund Description of the Fund General Funds Funds which the Charity is able to apply freely in pursuit of its own charitsble objectives and related purposes. Analysis of movements in restricted funds Balance at IncomingResources 1 April 2023 Resources Expended Transfers Funds at 31 March 2024 Restricted Fund 23.260 50.470 (42,671) 31,059 23,260 50,470 (42,671) 31,059 Name of restricted fund Restricted Fund Description of the Fund Funds which the Charity applies for particular purposes and projects in pursuit of its charitable obJectNes. Analysis of net assets between funds General Rostricted Fund Fund 972 31,187 (1,100) Total 972 34,002 (1,100) Fixed Assets Cash at bank and in hand Creditors 2,815 Totsl 2,815 31,059 33,874 Page 15