ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 The Directors are pleased to present their annual report together vith 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 INI) 2022. the Companies Act 2006, the Memorandum and Articles of Associatson, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepanng their accounts in accordance wth the Financral Reporting Standard applicable in the UK and Republic Of Ireland (FRS102) (effective 1 January 2019.) The company is govemed by a Memorandum and Articles Of Association dated 05101112. The company number is Nl 610562 and the registerd office is 18 Balliniska Road, Springtown Industrial Estate, Derry. The company Is a gIstered Northern Ireland charity- reference NIC 102595. Directors and trustee8 The directors of the charrtable company (the Charrty) are the trustees for the purposes of Charity Law. The trustees during the year and at 31 March 2024 were as follows.. Paula Martin Martsn Mccartney Chairs report It has been my privilege to serve as Chairperson this year, and I took on this role to support our coordinator and fellow committee members to continue our charrtable VK)rk in the local comrnunty. Our mission is to promote Active Living among older people and to improve their qualty of life. health, and wellbeing. The flexibility, dedication and energy of our Coordinator Angelina has ensured Ally Foyle achieved great success this year both in securing funding from a nge of sources, expanding seprfices and offenng direct support to individual members and netrNork groups. The Ally FOY Facebook site has grown considerably this year and the contsnued active promotion of activities by our coordinator has been very much welcomed by members, and for groups not online the monthly information bulletsn has been very popular and ensures all members are kept up to date Yth current and upcoming events and activits'es. This current period saw Ally Foyle neork involved in a wide range of activities and Pfomotions.. Free Books and magazines, Smart pass availability, Tickets for the Monthly Mayors Tea dances. engagement sessions with Macmillan Cancer Support, Carers monthly drop in group Servi$. yoga virtual events, distribution of Ally Foyle packs { Cookery packs, Keep Warm at Home packs etc), Healthy Cooking videos and sessions, and benefit checker for older people to ensure all benefit entrtlements are being claimed for. Feedback from our nefvrfork 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 network to expand and reach more older people in the community. 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 1
ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 Our purposes and activlties The purposes of the Charty is to provide active ageing programmes for older people in the Foyle area and to develop partnerships with appropriate nefvrks and relevant agencies. This is done with the help of public funding and 811 activities are funded from grants received. In shaping our objectives for the year and planning our activities. the directors have considered the Charity Commission's guidance on public benefit requirement (PBR11. We endeavour to encourage a wide range of people and organisations to take advantage of our expertise and promote all wthin our community to make use of our Servi5. We have put these strategies into athon through various prcMJrammes and aCts'v.es as outlined in the Chairfs Report and in our programme for the coming 2024-25 season. This programme of acts'vits'es focuses very much on supports'ng our members. Voluntoern The Charity Is very involved in the communty and we rely on voluntary help. We are assisled by volunteers within each older people's group who help organise programmes within the Individual clubs and groups Related Parties The organisation has close relats'onships wrth other groups in the Foyle area engaged in the provision of services to older people. Achievements and perfornian¢e In addition to the mainstay of our annual programme we provide information to older people. offer training and consultation's and provide different resources such as feel safe leaflets, fire safety leaflets, falls prevention leaflets, gripper handles. medicine bottles, magnrfiers, walking maps, information leaflets, & hot drink mugs. We neOrk with different groups and clubs and offer advice and infomiation through email, social media and newsletters directly posted out to older people. Financial Review As outlined above all activities are funded by grants received. During the year income of £51,039 was received and total costs were £42,671. This left a surplus for the year of £8.368 whTrch when added to opening reserves of £25.506, left the Charity with reserves of £33.874 at the year end. The Directors were pleased wrth the results for the year. The unrestricted reserves at the yearend were £2,815. Pago 2
ALLY Foyle Ltd Trustees. Annual Report for the Year Ended 31 March 2024 Reserves pollcy and golng concern Reserves are needed to brKJge the gap between the spending and receiving of income and to cover unplanned emergency costs. Due to the nature of Charity. no acts'vits'es are started or costs incurred until funding is in place. The Directors consider that it is not necessary tt) have unrestricted reserves as funding is in pla to meet all costs. The trustees have reviewed the circumstsnces of the Charty 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 COnM. We will conts'nue to source funding for the nehvork. Our Servi level agreement has been exiended until March 2024 to ensure our sustainability. Plans for future periods We plan to conb'nue to offer a variety of programmes and activities directly to older people in their clubs, groups, community centres and sheltered l assisted living accommodations. We will continue to source extra funding for the delivery of positive ageing programmes that we plan directly with older people. NeOrkIng and partnerships are a part of the success of Ally Foyle and the management CoMmee assists in helping develop projects that take place. We continue to meet our aims and objectives by supporb'ng and netrorkIng with voluntary & community member groups along with relevant statutory agencies. In order to challenge these issues, we continue to sit on various committees working with older people. We have a yearly service level agreement with the WHSCT, who continue to provide funding towards Active Ageing Programmes for our member groups. We are aRyS sourcing funding to conb.nue to provide programmes and activities for our older 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 Donab'ons - £569 The finances and budgets are monitored by our co-ordinator and reported to the committee, our annual accounts are available for inspection. We would like to thank members of the Management Committee who have supported our Cowordinator and also our member groups and funding tM)dies. Page 3
ALLY Foyle Ltd Trustees. Annual Reporl for the Year Ended 31 March 2024 Statement of trustees. responslbilltles 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 lQngdom.Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year vthich give a true and fair view of the stste of affairs of the charitable company and of the profit or10ss of the company for that year. In preparing these the Trustees a required to.. - select suitable accounting policies and apply them consistently.. observe the methods and principles in the Charits'es SORP., make judgements that are reasonable and prudent" state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going COnM basis unless rt is inappropriate to presume that the organisats'on will continue in business. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any lime the financial posits'on of the organisatson. They are also resp)nsible for safeguarding the assets of the organisation and hen for taking reasonable steps for the prevention and detectson of fraud and other irregulartties. This report has been prepared in accordance with the speual 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 4