Regiistration number: N1030134 Charity Number: NIC103825 Older People North West Operating as Age Concern Derry (Company Limited by Guarantee and Not Having a Share Capital) Directors, Report and Unaudited Financlal Statements for the year ended 31 March 2024
Older People North West Operating as Age Concern Derry Contents Page Reference and adniinistrative details, Directors, Trustees and other infonnation Directors, report Trustees, annual report Independent Examiner's Report to the members Statement of financial activities Balance sheet Notes forming part of the unaudited financial statements 10-17
Older People North West Operating as Age Concern Derry Reference and administrative details, Directors, Trustees and other information President Albert Smallwoods Directors and Trustees Donald Richard O'Doherty Roger Bemard O'Dohety Margaret Monica Catherine Boyle Robert Lamont Dunseath Secretary Roger Bernard O'Doherty Company Number N1030134 Charity Number NIC103825 Registered office Malvern House Chapel Road Detry BT47 2AN Accountant and Independent Examiner Ian McIvor MCI Chartered Accountants Sentinel House 13 Pump Street Deny BT48 6JG Banker First Trust PIC Meadowbank Strand Road Derry BT48 7TN
Older People North West Operating as Age Concern Derry Directors, report to the member5 of Older People North West for year ended 31 March 2024 The directors present their report and the unaudited financial statements for the year ended 31 March 2024. Directors and secretary The directors and secretary who served at any time during the year were as stated below: _ Donald Richard O'Doherty Roger Bernard O'Doherty Robert Lainont Dunseath Margaret Monica Catherine Boyle (Director) (Director and Secretary) (Director) (Director) Small company exemptlon The report of tlie director has been prepared taking advantage of the small companies, exemption as set out in Section 415A of tlie Companies Act 2006. This report was approved and authorised for issue by the board on 16 September 2024 and signed on its behalf by: Roger O, Dire or erty Robert Lamont Dunseath Director
Older People North West Operating as Age Concern Derry Trustees, Annual Report for year ended 31 March 2024 The Trustees, who are also directors for the puOseS of company law, present their report and the unaudited flliancial statements for the year ended 31 March 2024. Reference and Administrative Details Reference and administrative details are shown on page l of the financial statements. The Trustees The trustees who served at any time during the year were as follows: Donald Richard O'Doherty Roger Bernard O'Dolierty Robert Lamont Dunscath Margaret Monica Catherine Boyle Structure, Governance and Management The coinpany is limited by guarantee and does not have a share capitsl. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015) - (Charities SORP (FRS 102) ) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Tlie charity is governed by the trustees who ensure that the charity continues to fulfil its main aims and obj ectives and is run in accordance with company law. Objectives and Activities Objective The main objective of the charity is to improve life for and to proinote the welfare of, older people in the North West. ActAvities In order to achieve its obj ective the charity runs a number of activities throughout the year. These activities include: Provision of a meals on wheels service Carers, relief sessions Luncheon club Tea dances Line dancing Sequence dancing Computer classes Culture tours Bingo Tai-chi Arts and crafts Bowling and curling Social dancing Snooker and billiards Reflexology Walking club
Older People Nortb West Operating as Age Collcern Derry Trustees, Annual Report for year ended 31 March 2024 (cont...) Objectives and Activities continued... Throughout the year the charity runs a number of competitions and awards such as:_ Reminiscence Quizzes Gardening club Pensioner of the year Good Neighbour award Befiiending Community engagement sessions Health inforniation sessions Gardening coinpetition Snooker competition Achievements and Performance Tlie charity is unique in that it is the onty single issue voluntary organisation in the area which is solely focused on supporting older people. It is well established and well known in the area for its work in addressing the needs, anxieti&s, fears, concerns and aspirations of older people from all sections of the corninunity. Financial Review Tlie coinpany's results for the year show an increase in incoine and an increase in expenditure. This has resulted in net ingoings for the year of £21,921 (2023 - Net ingoings £23,166). At the year end the company had reserves of £765,769 of which £460,635 relates to restricted fvnds aiid £3 05,134 relates to unrestricted funds. £120,000 of the unrestricted fund is designated for building repairs. Plans for Future Periods The cliarAty aiins to continue to service the needs of older people in the community. It aims to continue to offer a wide range of services and activities and to meet its objectives of improving the life and promoting tlie welfare of older people in tlie North West. The Trustees will be diligent and forward thinking when it comes to ensuring that funds are availabIe to continue to meet these objectives and to take advantage of funding opportunities that becorne available. Independent Examiner Ian McIvor has been reappointed as independent examiner for the coming year. This report was approved and authorised for issue by the trustees on 16 September 2024 and signed Oll Its behalf by: Rog O'Doherty Robert Lamont Dllnseath Direct
Older People North West Operating as Age Concern Derry Independent Examinergs Report to the Directors of Older People North West on the unaudlted finanetal statsments I am reporting on the financial statements of the company for the year ended 31 March 2024 which are set out on pages 7- 17. This report is made solely to the company's directors, as a body, in accordance with section 65(3)(a) of the Charities Act Northern Ircland 2008 and regulations made under section 66 of that Act. My work lias been undertaken so that I might state to the company's directors those matters I n required to state to them in an Independent Examinees Report and for no other purpose. To the fjjllest extent pennitted by law, I do not accept or assume responsibility to anyone other than the coinpany and the company's directors as a body, for my work or for this report. Respective Responsibilities of Directors and Examiner As the directors (who are also the trustees of Older People North West for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiremeiits of the Companies Act 2006. Having satisfied myself that the coinpany is not subject to an audit under company law and is cligiblc for independent eXnination, it is my responsibility to: exainine the accounts under section 65 of the Charities Act. follow the procedures laid down in the general Directions given by the Charity Coinmission for Northern Ireland under section 65(9)(b) of the Charities Act; and - state whether particular matters have come to my attention. Basis of Independent Examiner's Statement I have examined your charity accounts as required under section 65 of the Charities Act and rny examination was carried out in accordance with the general Directions given by the Charity Cominission for Northern Ireland undcr section 65(9)(b) of the Charities 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 explanations from you as trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: (l.)That accounting records were not kept in accordance with section 3 86 of the Companies Act 2006; (2.)That the accounts do not accord with those accounting records. (3.) That the accounts do not comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland; (4.) That there is fillther inforn]ation needed for a proper understanding of the accounts to be reached.
Older People North West Operating as Age Concerll Derry Independent Examiner's Report to the Trustees of Older People North West on the unaudited fancial statements (cont. .) Independent Examiner's Statement In connection with my examination, no matter has come to my attention". (l) whicli gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006. to prepare accounts which accord with the accounting records, coinply with the accounting requirements of section 396 of the Coinpanies Act 2006 and with the inethods and principles of the Statement of Recommended Practice.. Accounting and Reporting by charities have not been met or. (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Illdependent examiner's statement I have completed my examination and have no concerns in respect of the matters (l ) to (4) listed above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. vor hartered Accountant MCI Chartered Accountants Sentlnel House 13 Pump Street Derryj BT48 6JG
Older People North West Operating as Age Concern Derry Statement of financial activities for the year ended 31 March 2024 Unrestrxeted funds Restricted funds Notes 2024 2023 Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Income froin charitable activities 99,707 1,000 64,663 75,122 174,829 1,000 64,663 181,101 1,500 72,420 Total incoming resource5 165,370 75,122 240,492 255,021 Resources expended Costs of generating funds Charitable activities Govemance costs 52,598 70,567 17,224 78,182 69,822 148,749 71,811 160,044 Total resources expended 123,165 95,406 218,571 231,855 Net incominpJ(outgoing) resources 42,205 (20,284) 21,921 23,166 Fund balance at l April 14 262,929 480,919 743,848 720,682 Fund balance at 31 March 14 305,134 460,635 765,769 743,848 All of the above amounts relate to continuing activities. The notes on pages l O to 17 fonn an integral part of these financial statements.
Older People North West Operating as Age Concern Derry Balance sheet at 31 March 2024 2024 2023 Notes Fixed assets Tangible fixed assets 11 469,210 487,111 Current assets Debtors (amounts falling due within one year) Cash at bank and in hand 12 1,972 302,263 1,273 267,996 304,235 269,269 Current liabilities Creditors (amounts falling due within one year) 13 7,676 12,532 Net current assets 296,559 256,737 Net assets 765,769 743,848 Financed by: Capital fund - unrestricted General filnd - unrestricted Designated fund Rcstricted fund 14 14 14 14 21,964 163,170 120,000 460,635 21,964 120,965 120,000 480,919 15 765,769 743,848 The notes on pages 10 to 17 fonn an integral part of these financial statements. For the year ending 31 March 2024 the company was entitled to Cxnpti0n froin audit under section 477 of the Companies Act 2006 Telating to small companies.
Older People North West operating as Age Concern Derry Balance sheet at 31 March 2024 (contilllled) In approving these accounts as directors of the company we hereby confinn: The diiectors acknowledge their responsibilities for complying with the requirements of the Coinpanies Act 2006, with respect to accounting records and the preparation of financial statements. The meinbers have not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476 of the Act. These financial statements have been prepared in accordance with the provisions applicable to coinpanies subject to the small companies, regime. These financial statements were approved and authorised for issue by the board on 16 September 2024 and signed on its behalf by: 'Doherty Robert Lamont Dunseath Director irec Registrati number N1030134
Older People North West Operating as Age Concern Derry 1¥4otes on and forming part of the financial ststements for the year ended 31 March 2024 Note.1. Significant accounting policies The following accounting policies have been applied consistently in dealing with iteins which are considered material in relation to the financial statements:_ General information 2nd basis of preparation Older People North West is a company limited by guarantee and not having a share capital and is Incoorated in Northern Ireland. The address of the registered office is given in the cornpany information on page l of these financial statements. The nature of the company's operations and principal activities consists of promoting the welfare and the relief of poverty, sickness and disablement among older people (aged 60 or more) living within the De City area ("the area of benefit ). The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recoinmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective l JanuaTy 2015) - (Charities SORP (FRS 102)) the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. It meets the definition of a public benefit entity under FRS 102. The finaiicial stateinents have been prepared on a going concern basis under the historical cost convention, Inodified to include certain iteins at fair value. The financial statcments are prepared in sterling which is the functional currency of the company. Tangible fixed assets and depreciation Tangible fixed assets are stated at cost, less accuinulated depreciation and accumulated impainnent losses. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected use1 life, as follows: Buildings Equipment and furniture Motor vehicles Straight line Straight line Straight line. Where there is objective evidence that the recoverable amount of an asset is less than its catrying value, the ca]ng amount of the asset is reduced to its recoverable amount resulting in an irnpairment loss. Impainnent losses are recognised irnmediately in the statement of financial activities, with the exception of losses on previously revalued tangible fixed assets, which are recogrAised in other comprehensive income to the extent of any previously recolS¢d revaluation surplus in respect of that asset.
Older People North West Operating as Age Concern Derry Notes on and forming part of the fjnancial statements for the year ended 31 March 2024 (continued) Note.1. Significant accounting policies (eontinued) Income Grant Income Grants are credited to the statement of financial activities in the period in which they received or are receivable. Grants which have conditions which have not been filled are treated as liabilities and only recognised as incoine when the conditions are achieved. Other Income All other income is recognised once the company has entitlement to the incoine, it is probablc that the income will be received, and the amount of iiicoine receivable can be ineasured reliably. Fund Accounting Unrestricted funds which are available for use at the discretion of the Directors in ftlrtherance of the genera] objectives of the company and which have not been designated for other purposes. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside for a specific puOSe. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific nd. The aim and use of each restricted fund is set out in the notes to the financial statements. Employee BenefIts When employees have rendered service to the coinpany, short-tenn employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. Debtors and creditors receivablelpayable within one year Debtors and creditors with no stated interest rate and which are receivable or payable within one year are recorded at the transaction price. Any losses arising from impainnent are reCOlSed in the statement of financial activities in administrative expenses. 11
Older People North West Operating as Age Concern Derry Notes on and forming part of the account5 for the year ended 31 March 2024 (continued) Note .1. Signifxcant accounting policies (continued) Judgements and key sources of estimation uncertainty No judgernents have been made in the process of applying the above accounting policies. The following is the company's key source of estimation uncertainty: Depreciation and tangible fixed assets The company establishes a reliable estiinate of the expected useful life and residual value of tangible fixed assets. The estimate of expected usefiil life and residual value of an asset is based upon a variety of factors such as the age wben acquired, the expected frequency of use and the repair policy of the company. Unrestricted nds Restricted funds 2024 2023 Note .2. Voluntary income Gifts and donations Grant income (Note 3) 8,955 90,752 8,955 165,874 9,450 171,651 75,122 99,707 75,122 174,829 181,101 Note .3. Grant Ancome W.H.S.S.T. D.F.C. P.B,N.l. Community Foundation - W.N.P Elise Pilkington 70,722 70,722 75,122 300 17,300 2,430 68,260 88,980 1,800 5,000 2,611 5,000 75,122 300 17,300 2,430 90,752 75,122 165,874 171,651 Note .4. Income from activities for generating funds Sponsorship 1,000 1,000 1,500 1,000 1,000 1,500 12
Older People North West Operatillg as Age Concern Derry Notes on and forming part of the accounts for the year ended 31 March 2024 (continued) Unrestricted funds Restricted funds 2024 2023 Note .5. Income from charitable activities Activities Catering Transport 64,500 163 64,500 163 70,301 2,119 64.663 64,663 72,420 Note .6. Cost of charitable activities Activities Catering Transport 1,600 46,475 4,523 5,000 12,224 6,600 58,699 4,523 4,370 60,331 7,110 52,598 17,224 69,822 71,811 Note .7. Governance costs Administration staff costs Printing, postage and stationery Light, heat and gas Telephone Accountancy Maintenance and repairs Bank intercst and charges Volunteer allowance Miscellaneous Water charges Depreciation Cleaning Insurance Profit on disposals 26,155 502 17,982 1,648 2,760 5,478 866 8,400 1,219 I,233 2,859 1,656 4,249 (4,440) 62,898 89,053 502 17,982 1,648 2,760 5,478 866 8,400 1,219 1,233 18,143 1,656 4,249 (4,440) 91,701 1,098 23,385 1.388 2,760 3,543 952 6,640 1,132 1,184 20,653 1,408 4,200 15,284 70,567 78,182 148,749 160,044 13
Older People North West Operating as Age Concern Derry Notes on and forming part of the accounts for the year ended 31 March 2024 (continued) 2024 2023 Note .8. Staff costs Staff costs for the year were a5 follows: _ Wages and salaries Social security costs 103,675 2,685 105,571 2,890 106,360 108,461 Presented as follows: Cost of charitable activities - catering costs Governance costs - administration staff costs 17,308 89,053 16,760 91,701 106,360 108,461 The average number of persons employed by the company during the year was 6 (2023 - 6). No employee received remuneration of more than £60,000 during the year (2023 - £60,000) The directors, who serve in a voluntary capacity, received no einoluments from the company. Remuneration payable to key management personnel in the year was £27,338 (2023 - £29,263) Note .9. TaxAtion As a charity, Older People North West Operating as Age Concern Derry, is exempt from tax on any gains arising from its charitable activities. la
Older People North West Operating as Age Concern Derry Notes on and forming part of the accounts for the year ended 31 March 2024 (continued) Note.10. Tangible Fixed assets Equipment and furniture Motor vehicles Buildings Total Cost or valuation Balance at l April 2023 Additions Disposals 764,180 206,685 243 78,465 1,049,330 243 (25,695) (25,695) Balance at 31 March 2024 764,180 206,928 52,770 1,023,878 Accumulated depreciation Balance at l April 2023 Released on disposal Charge for the year 288,267 206,180 67,773 562,220 (25,695) (25,695) 2,291 18,143 15,284 568 Balance at 31 March 2024 303,551 206,748 44,369 554,668 Net book value Balance at 31 March 2024 460,629 180 8,401 469,210 Balance at l April 2023 475,919 505 10,687 487,111 The land, on which the company's buildings are constructed, is subleased froin Northern Ireland Old Peoples Welfare Council Limited rent-free for 99 years commencing 18 September 2002. The Northern Ireland Old Peoples Welfare Council Limitcd is leasing the land from Northcrn Ircland Council for Voluntary Action rent-free for 99 years commencing 18 September 2002. Note.11. Debtors 2024 2023 Debtors PAYE and social secuTity Prepayments 1,972 1,273 1,972 1,273 15
Older People North West Operating as Age Concern Derry Notes on and forming part of the accounts for the year ended 31 March 2024 (continued) Note .12. Creditors (amounts falling due within one year) 2024 2023 Trade creditors PAYE AccNals 3,059 1,858 2,760 7,117 2,655 2,760 7,676 12,532 Note .13. Statement of funds At l April 2023 Income Expenditure Transfers At 31 March 2024 Unrestricted funds General reserve Capital reserve Designated fund 120,965 21,964 120,000 165,370 123,164 163,170 21,964 120,000 Total unrestricted funds 262,929 165,370 123,164 305,134 Restricted funds Building fvnd Wages fund Activities fund 475,919 15,284 75,122 5,000 460,635 75,122 5.000 Total restricted funds 480,919 75,122 95,406 460,63 5 Total funds 743,848 240,492 218,570 765,769 Designated fund Unrestricted fidS in the sum of £120,000 has been designated for building repairs the trustees. 16
Older People North West Operatlng as Age Concern Derry Notes on and forming part of the account5 for the year ended 31 March 2024 (continued) Note .14. Analysis of net assets between funds Fund balances at 31 March 2024 are represented by: Unrestricted Funds Restricted Designated General Capital fund5 funds reserve reserve Total Tangible fixed assets Current asscts Current liabilities 460,635 (8,915) 17,490 469,210 178,404 5,831 304,235 (6.319) (1,357) (7,676) 120,000 Total net assets 460,635 120,000 163,170 21,964 765,769 Capital reserve The capital reserve account represent5 the value of the net assets taken over from the unincorporated body Age Concern Derry with effect from l April 1996. 17