Mid & East Antrim Agewell Partnership Statement of Financial Activities for the Year Ended 31 Ivlarch 2023 (Including Income and Expenditure Account) Total 2023 Unrestricted Restricted Note Incotne and Elldoiyments from: Charitable activities 8.300 637,182 645,482 Total Income 8,300 637,18? 645,482 Expenditure on: Chai'itable activities (49,240) {548,773) (598,013) Total Expenditure (49,?40) {548,773) (598,013) Net (expendittire)/in¢ome Traiisfers between tunds (40,9401 ?1.665 88,409 (21,665) 47,469 Net niovement in funds (19 ?75) 66,744 47,469 Reconciliation of funds Total funds brought forward 149,508 17?,450 Total ndS carried forward 15 130,233 81),686 219,919 Unrestricted Restricted 2022 Note Income and Endowments from: Charitable activities 33,901 498,455 5J2,356 Total Incoine 33,901 498,455 532.356 Expenditure on: ChaTitable a¢tivities (36,104) 1471,171) (507,?75) Total Expenditure (36. I04) (471,171) (507,275) Net (expenditure)/income Transfers between tunds (2.203) 50.817 27,284 (50,817) 25.081 Net niovenient in funds 48,614 (23.533) 25,081 Reconciliation of funds Total funds brought forward 100,894 46,475 147,369 Total fvnd5 caffied forward 15 149,508 172,450 All of the cliarity'5 iiicome and expenditure derive froni continuing activities. The statement of financial activities includes all gains and loss¢s recognised during the period. Tlie notes on pages 17 to 30 fonn an integral parl of these financial statements. Page 14
Mid & East Antrim Agewell Partnership (Registration number: IY1620052} Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 10 20,033 24,236 Current assets Debtors Cash at bank and in hand 110,257 1?0,500 22,021 178,663 12 230,757 200,684 Credltors: Amounts falling due within one year 13 (30,871) (5?,470) Net current assets 199,886 148,214 Net asset$ ?19,919 172,450 Funds of the charity: Restricted income funds Restricted funds 15 89,686 22,942 Unrestricted income funds Uiirestricled funds 130,233 149,508 Total funds 15 219,919 172,450 These finan¢ial statements have been prepared in accordance with the special provisions relating to con]panies subject to thc small companies regime withiii Part 15 of the Companies Act 2006. The financial stal¢ments on pages 14 to 30 were approved by the trustees, and authorised for issue on l? October 20?3 aiid signed on their bchalf by-. Mr W Mccaughey Chainnan and Tnislee Tlie notes on p&ges 17 to 30 fomi an integral part of these financial slatemenls. Page 15
Mid & East Antrim Agewell Partnership Statement of Cash Flows for the Year Ended 31 March 2023 2023 2022 Note Cash flows from operating aLtivities Net cash income 47,469 ?5.081 Adjustments to cash flows from non-cash items Depreciation 8,673 6,815 56,142 31,896 Working c#pitAI adjllstments (Increase)/decrease in debtors (DecreaseVincreas¢ iii creditors Increasel(decrease) in deferred ineonie (88.236) {29,187) 7,588 130,865 22,135 (34.465) 13 Net cash flow5 fron] operating activities (53,69)) I50,431 Cash flows from investing activities Purcliase of tangible fixed 1( ssets io (4.470) (4,596} Net (decrease)lincrea8e ill ¢asli and eash equivalents (5S.163) 145,835 Cash and cash equivaleiits at l April 178,663 32.828 Casli and cash eqiiivalents at 31 MarLh 120,500 178.663 Reconciilation of net cash floiv to movement in net funds {Decrease)/increase in casli (58,163) 145,835 Net funds at l April 2022 178,663 32.828 Net funds at 31 March 2023 120,500 178,663 Ail of the cash tlows are derived frorn contiiiuing operations during the above two periods. Tlie notes on pages 17 10 30 fonn an integral part of these financial slalemcnls. Page 16
Mid & East Antrim Ageivell Partnership INotes to the Financial Statements for the Year Ended 31 March 2023 I Charity Status The charity is liinited by guarantee, incorporated in Northern Ireland. and Lonsequently does not have share capital. Each of the tNstees is liable to contribute an amount not exceeding £1 iowards the assets of the charity in the event of liquidation. Tlie address of its registered office is: Broughshane House, 70 Main Street, Brouglisliane. BALLYMENA County Antrini BT42 4JW These financial statements were authorised for issue by the trustees on l? OLtober 2023. 2 Accounting policic$ Summary of significant accounting policie5 and key aLeounting estimates Tlie principal accounting policies applied in the preparation of Iliese financial stat¢ment5 are set oiit below. These policies Iiave been consistently applied to all the years presented, unless othenvise stated. Statement of compllanee Tlie fiiiancial statcmcnts liave been prepared in accordanLe with Accoiinling and Repoiling by Charities.. SLitement of Recomniended PraLtiLe applicable to chaiitics prepÉiring their accoiints in accordance witli the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effectivc l January 2019) - (Charities SORP {FRS 102)), the Financial Reporting StMnd<1rd applic4?ble in the UK and Republic of Ireland {FRS 102), the Charities Act (Northern Ireland) ?008 lind thc Companies Act 2006. The charity is a Public Benefjt Entity as defined by FRS 102. Basis of preparation Assets and liabilities are initially recc)gnised at Iiistorical cost or transaction value unles% otlierwise ststed iii the relevant acLounling policy notes. The pre5enlatioiiLI ¢urren¢y of these financial statements is sterling and amounts have beeii rounded to the nearest £ l. Going concern The fiiiancial statements liave been prepared on a going conceni basis as the trustees coiisider that there are no malerial uiicertaiiities about tlie charity'5 ability to continue as a goiiig coii¢ern nor aiiy sigiiificant areas of uncertainty Iliat affect the ¢arrying value of Mssels hcld by the cliarity. The truslees have Lonqidcred both the level of funds held and tlie expected level of incumc and expenditure for l ? Month from aiithorising these financial statenienls, taking into consideration all relevant factors. Page 17
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 Judgements The preparation of tlie financial 51ateinenls reqliires Ilie TrLislees lo make judgenienls. estimates and assuinplions that affect the application of aLcounling policies and the reported amount of assets and liabilities: inLoine i< nd expcnses. Thc estimates llnd associated assumptions are based on historical experience and other factors thi£ t aTe considered lo be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoiiig basis. Revisions lo accoiinting estimates are recognised in the period in which the estiniate is revised where tlie revision affects oiily that period, or in the period of the revision and Future periods where tlie revision affects botli curreiit and future periods. Income All income is recognised onLe there is a legal or construLtive oblj(Tation to that income after any peTfomiaLe conitions h<ive been met. the amount can be measured reliably anLI it is probable that income will be received. All illcome is dlLocaled lo tbe applicable income heading that a(y ¥gregate similar iiicome to that category. Duiiatiuiis aiid legacies Donations are recognised when the charity has been notified in writing of both tlie aniount and settlenienl d&te. In the event that J don1£ tion is subject to conditions that reqiiire a level of petfomiance by the ch<1rity before the charity is eiititled to the funds, the income is deferred and iiot rccognised uiitil either those conditions are fully met, OT the fiilfilment of those coiiditions is wliolly within the control of the cliarity and it is probable that the.se conditioiis will be tultilled in the reporting period. Grants receivable Grants are recognised when th¢ charity h¢iS an entitlement to the funds and any conditions linked to the grants have been met. Whcre performance coiiditions kwe attached to the graiit aiid are yet to be met. the ineome is recogiiised as a liability and included oil the balance sheet as deferred iiicome lo be released. Deferred incoiiie Deferred income represents amounts received for future periods and is released lo incoming resources in the period for wlll'cIL it has been received. Such income is only deferred when: The donor specifies that the grlt or donatioii must only be iised in future accolinting periods; or The donor has imposed conditions whicli must be met b¢fore tlie charity has unconditional entitlemeiit. Expenditure All expenditure is recognised once there 15 a legal or constrLi¢tive obligation to that expendilure, it is prob41ble settlement is required and the amount can be measured reliably. All costs are allocated lo the appli¢able expenditure lieading that aggregate similar costs lo that category. Where costs cannot be dircLtly alttibiited lo particular headings they have been allocated on a basis Lon51Stent with the use of iesources. with central staff costs allocated on the basis of time spent. Other support costs are allocated based on the spread of staff costs Charitable activitie Charit¢ible expenditure coinprise5 those LQSts incurred by the charity in the delivery of its activitie5 and 5ervi¢e5 for it5 beneticiaries. It inLludes both costs that Lan be allocated directly to such activities and Ihosc costs of an indirect nature necessary to support them. Page 18
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 Support costs Support costs include central fiinctions and Iiave been allucaled to activity ¥osl categories on a basis consistent with the use of resources, for exainple, staff ¢05ts by the time spent and other uosts by their usage. Governanee costs These iiiclude the costs attributable to the charity's compliaiice with constittilional and stattitory requirements. includiiig audit, strategic management and tnistees meetings and reimbursed expenses. Taxation The charity IS Lonsidered lo pass the tests set out iii Paragraph I Schedule 6 of the Finance ALI ?010 and therefore it meets Ilie definition of a Lharilable company lor UK corporation lax piirposes. Accordingly, the charity is Potentially exempl from taxation in respect of inconie or capill< I gains received withiii Ciilegories overed by Chapter 3 Part I l of Ilie Corporation Tax Act 2010 oi. Section ?56 of tlie Taxation ot Cliargeable Gains Act 199? to th¢ ¢xt¢nt that Slich income or gains are applied excliisivcly to charitable purposes. Tangible fixed assets Tangible tixed assets (individually costing £100 or more) are initially measured at cost and subsequently measured at ¢ost, net of depreciation aiid any impaimient lo.gses. The company assesses at each reporting date wliether tangible fixed assets are impllired. Depreefiatfion and amortisation Depi'ecimlion is providcd on tangible fixed assets so as to write off the cost or valuation. less any e8timated residiial value, over their expected useftLI econoinic life as follows: Asset ¢la5S Furniture and Equipment D¢preeiation method and rate 4 years straight line Cash and cash equivalents Cash and cash equivalents ¢OTnprise cash on hand and call deposits, and other short-terni highly liquid investments Iliat are readily convertible to a known amoLint of cash and are siibject to an insignificant risk of change in value. Trade creditors Trade creditors are obligatioiis to pay for goods or services that have been acqiiired in the ordinary coiirse of business from suppliers. Accoimts payable are classified as ciirrent liabilities it th¢ charity does not have an uiiconditioiial riglit, at the end of the reporting period, to defer settlement of tlie creditor for at least twelve moiitlis after th¢ ieporting date. If there is an unconditional right to defer settlenient for at least twelve months after the reporting date, they are presented a5 noii-current liabilitie%. Trade creditors are recogiiised iiiilially at the transaction price and subsequently ineasured at amortised Lost using the effective interest method. Page 19
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 und structure Unrestricted income funds are general fitnds that lire available for use at the tStee5 discretion in furtherance of the objectives of the Lharity. Restricted inconie ftmds are those donated for use iii a particular area or for specific piirp05es, the use of which is restricted to that area or purpose. Pensions and other post retirement obligations The charity operates a defined conlribution pension sclieme whiLh is a pei)8ioii plan iindei- which fixed Lontributioiis are P41id into a pension fund aild the charity has no legal or coiistruLtive obligation to pay furtlier ontributions even if the ftind does not liold sufficient assets to pay all eniployees tlie benefits relating to ernployee serviLe in the current and prior periods. Contributions to detined eontribution plaiis are recognised in the Statement of Fiiiancial Activities wheii they are due. If contribution payrnenis exceed the contribution due for Service. the excess is recognised as a pitpaymeiit. Financial instruments Clossificutiuii Finan¢i1< l assets and fin<incial liabilities are i'ecognised when the charity becomes a party to the contractual provisions of the instrument. Financial liabilihes and equity instrnments. are ¢lassitied according to the substaiice of the contractual arrangernents entered into. An equity instrumeiit is any coiitra¢t thkt evidences a residiial interest in the asset5 of the charity after deducting all of its liabilities. Recognition and measiirepiient Basic financial assets Basic tinancial assets, which incliide debtors, cash and bal balances, are initially nieasiired at transaction price iiicludiiig transaction costs and are subsequei)tly carried at amortised cost using Ihe effecttve interest inethod unless the arrangement constitutes a financing Iransactioii, where the Iransaclion is measiired al the presenl value of tlie future receipts discounted at a market rate of interest. Financial assets classified as receivable witl)iii one year are not amortised. Basic fiiiancial liclbililies Basic financial liabilitie5. whicli include creditors and loans, are initially measur¢d at trai)sacCion price unless the aThangement cunslitutes a finan¢ing transi£ Ction, where the debt instrurnent is measured at thc prcsLnt valiic of the fiiture Piiyments discoiinted at a market ral¢ of interest. Financial liabilities classified as payable within one year are iiot arnortTrsed. Financial liabiliti¢s ar¢ d¢recogiiised wheii the Charity'5 contractual obligations expire or are discharged or cancelled. Page 20
Mid & East Antrim Agewell Partnership Iyotes to the Financial Statements for the Year Ended 31 March 2023 Impairnieiirf For financial assets carried at amortised cost, the amount of impairnient is the ditfereiice betweeii the asset's carrying amoiint ]d the present valiie of estimated future cashtiows, discounted at the financial asset's origiiial effective interest rate. For financial assets carried at cost less impainnent, tlie impaimient loss is the differeiice between Ilie asset's carrying ainoiinl and tlie estimate of tlie amowit that would be received for the asset if it were to be sold al tlie i-eporting date. Where indicators exist for a decrease iii impairment loss, aiid the decrease can be relaled objeutively to an event occiirring after the itnpairnient was reLognised. the prior iinpairment Ioss IS tested to detennine reversal. An impairn]ent loss is reversed on individual inipaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amouiit higher than the carrying valiie had no irnpairnent beeii recognised. 3 Income from charilable activitie5 Unrestricted funds General Restricted funds Total 2023 Programme graiit income Donations 6,372 1,928 1,393 635,789 7,765 637,717 8.300 637.182 645,482 Unrestricted fund5 General Re5tritted funds Total 2022 Programme grant income Donations 498.455 530.998 1,358 I,358 33,901 498,455 532,356 Page 21
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 4 Expenditure on charitable activities Aetivity undertaken direetly Activity support costs 2023 Programrne direct costs Staff costs Siipport costs 195.729 312,111 195,729 312,111 90,173 90,173 507.840 Activity undertaken directly 90.173 598,013 Activity support co$t$ 2022 Programme direct costs Staff costs Support costs 191,433 240,401 191,433 240,401 75.441 75,441 431,834 75,441 507,275 £49,?40 (2022 - £36,104) of the above expenditure was attributable to iinrestricted funds and £548,773 {2022 - £47l,171) to restricted tunds. Page 22
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 5 Analysis of governance and support costs Charitable activities expenditure Unrestricted funds General Restricted funds Total 2023 Depreciation Bank fees IT Costs 8,673 8,673 589 6,075 5,587 3,056 8.464 2,985 3,405 585 5,863 5,024 3,056 8,413 1,401 3,282 1.019 15,856 1,502 19,793 ?12 Telephonelliitemet HR Consiiltant slipport Office Rellt Office Energy/Water cost Insurance Volunteer expenses Office postage and priiiting Training FinanLe coii8uliaiicy Cobts Governance costs - Audit 563 1,584 123 1,440 8.729 24,585 1.502 19,793 3,000 3,000 24,379 65,794 90,173 Page 23
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 Unrestricted funds General Restricted funds Total 2022 Depreciation Bank fees IT costs 6,815 25 6.815 310 1,560 4.848 9,030 4.128 1,020 7,200 285 1,560 4,848 7.152 4,128 1,020 7,200 2.107 2.457 165 932 100 ?06 4,955 13 Telephonellntemet HR consuliant support Office equiprneiit IT con5ultllnt support Office Rcnt OffLce Energylwater Lost In5uraiice Volunteer expense5 Office postage and printing Membership fees Website fees Office general costs Statutory fees External eveiils 1.878 2,457 187 5,924 loo 206 5,253 13 848 1.928 10,800 419 1,860 6,4?3 258 1.439 308 ?2 4,99? 298 848 1.928 10.800 419 Training Finance Consultaiiuy costs H&S Costs Goveniance costs - Aiidit Milcage cxpenses Repaii's & niaiiiteiiance Adv¢rtising General Board expenses 1,860 6,423 258 1,372 308 67 15,957 59,484 75,441 Governance costs Unrestricted funds General Total 2023 Audit fees Audit of the financial statemeiits 3.000 3,000 3,000 3,000 Page 24
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 Unrestricted funds General Total 2022 Audit fees Audit of the finai)cial statements 1.860 1.860 1,860 1,860 6 Trustees remuneration and expenses No tnist¢es, nor any persoiis connected with them. have received any remuneration from tlie charity diIllg the year. 7 Staff cost5 The aggregate payroll costs were as follows.. 2023 2022 Staff costs during the year were: Wages aLid salaries Socilll security costs Pension costs 282,051 21.572 8,488 217,982 15,291 7,128 240,401 Tlie monilily average niiinber of persons (incliiding senior maiiagement I leadership team) eniployed by the Lharity during the year expressed as fiill tiine eqiiivalents was 1< s follows= 2023 2022 Charitable acliviti¢s Goveniance io No employee received emolurneiits of more than £60.000 during the year. The total etnployee benefits of tlie key Mlagernent personnel of the charity were £81.188 (2022 - £23,955). 8 Auditors, remuneration 2023 2022 Audit of the financial statements 3,000 1,860 Page 25
Mid & East Antrim Ageivell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 9 TAX3tion The Lharity is a registered charity and is therefore exempt froin taxation. 10 Tangible fixed Assets Furniture and equipment Total Cost Ai l April 2022 Addilions 31,614 4.470 31,614 4,470 Ai 31 March 2023 36,084 36,084 Depr¢eiation At l April 20?2 Charge for the year 7,378 8,673 7,378 8,673 At 31 March 2023 16.051 16,051 Net book value At 31 March 2023 20,033 20,033 At 31 March 2022 24,236 ?4.236 I l Debtors 2023 2022 Grants reLeivable 110,257 22,021 12 Cash and ea$h equivalents 2023 2022 Cash at bai 120,500 178,663 Page 26
Mid & East Antrim Ageivell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 13 Creditors: amounts falling due within one year 2023 2022 Trade creditors 10,659 24 28,604 6,718 7,548 9,600 Oilier creditors Aceruals Deferred income 3.000 17,188 30,871 52,470 14 Pension and other schemes Defined contribution pension scheme The charity operates a defined contribution pension scheme. The pension Cost charge for the year represents contribiilions payable by the charity to the scheme and amoiinted to £8.488 (2022 _ £7,128). Page 27
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 15 Funds Balance at 31 LWlarch 2023 Balance at I April 2022 Incoming resources Resources expended Trgn5fers Unrestricted funds General Unrestricted Income Funds 149,508 8,300 (49.240) 21,665 130,233 Restritted funds Dunhill Medical Trust - IMPACT Agewell HSBC- IMPACT Agewell MEABC Couiiselling CFNI Creases for Carers ID IMPACT DemonstratOT MEABC Luncli Club Launch Pad TNL- BFF 20,008 24,633 312,000 (20.008) 22.566 1,484 24,633 (334.566) (4,418) (1.56?) (4,706) 2,934 20,313 36,535 18,751 31,829 23,593 10,000 4,143 (14.376) (36) {1,7?1) 9,217 4,084 1,17? {5.880) {1,250) HFNI Book Buddies MEABC Ageing Well Teiider CDHN - BCPP 2?123 CFNI - A Helping Hand CFNE _ Scam Savvy CFNI - TIR Age Nl - Community Navigator MEABC - Good Relations - Mars Bar & Apple Saiidwiche5 MEABC - Jubilee Rock'n, Roll Tea MOIC - Shapes Police Propeity Fimd - Scammed! 104.667 12.000 10.427 5,000 12,000 (106,264) (5.919) (12.236) (4,940) (8,228) 1,597 (6,081) 1,809 (60) (3,77?) 40,142 (37,161) {2.981) 1.984 (?,847) 863 995 9.850 (1.233) 238 (9,850) 8,900 {8.560) {340) Total restricted funds 22.94? 637.182 (548.773) (21,665) 89,686 Total funds 172.450 645,482 (598,013) 219.919 Page 28
Mid & East Antrim Agewell Partnership otes to the Financi21 Statement5 for the Year Ended 31 March 2023 The specifjc purposes for which the ndS are to be applied are as follows.. IMPACTAgewell@ - In 202212023 we entered Year 3 of OUL funding aangeMe1]t with the Dunhill Medical Trust and Ilie l-lealth and Social Care Board. During this period we have contiiiued to scale the progranm]e across Mid and East Antrim to include partnerships witli 20 GP Practiees. The programme aims to support older people using an assets based comn)unity development approach. focusing 011 the social delenninanls of healili. to improve their health and wellbeing. Ageiiig Well Prograinme - As an orgaiiisalion we have contiiiued to deliver our Handypersoii service and Good Morning Telephone Befriending support in pxrtnership with Bryson Energy, Good Morning Ballymena, Good Morning Carrickfergiis and Good Morning Larne. This servi¢e was extended tor a further year lo support older people throughout 202212023. The Ageing Well Service is funded by various Mid & East Antrim Borough Council Commuiiity Plaiiiiing Partners including The Health & Social Care Board. Public Health Agency, Northerll Health & Social Care Trust, Nortlleni Ireland Housing Executive and Mid & East Antrim Borough Council. Community Navigator Service The Community Navigator Service was funded by The Northern Health & Social Care Trust and delivered iii partnership with Age Nl. Tlie service provided much needed teleplione signpobting lor older pcople and statutory agencie.8, providiiig iiiforniation on support aiid serviccs availablL in the community and voluiitary sector. The serviLe also provided support lo local older peoples groiips with funding. governance and project siipport. Additional projects In addition to the key projects highltghied above, the organisation has also sourced and secured fuiiding for additional small projects to support and uiiderpin the key services. These include. cost of living support with our Helping Hands project which supported households over the winter period. Support with scams including delivery of our weekly Scanisavvy text alert, which highlights new SenS in circiilation, as well as commiinity perfomanees of 'Red Flag,. a theatre perforniaiice, written and perfomied lo highlig7ht the impact of scams. We were delighted to secure two years of fuiiding from DOH. administered by The Comniunity Foundation Nl to support Older Carers with a free door to door ironing service to help relieve the physical prebbures of household tasks. Page 29
Mid & East Antrim AgeiveIl Partnership Notes to the Financial Statements for the Year Ended 31 March 2023 16 Analysis of net assets betTrveen funds Unrestricted funds General Total funds at 31 Lwlarch 2023 Restricted funds Taiigible fixed assets cUent assets Current liabilities 20,033 13,200 (3,000) 20,033 230,757 (30,871) 117,557 (27,871) Total net assets 130,233 89,686 ?19.919 Unrestricted funds General Total funds at 31 fvlarch 2022 Restricted funds Tangible fixed assets Curreiit assets Curreiit liabilities 24,236 1?5,272 24.236 ?00,684 (52,470) 75.41? (52,470) Total nel assets 149,508 22,942 172,450 17 Related party transactions Duriiig the year the charity made the followiiig related party transactions-. Trustees Trustee expenses incurred ]d reinibursed in the year totalled £549.31 {2022'. £?73.70). Ai ilie balance sheet date tlie amount due tolfrom Truste¢s was £Nil {202? _ £Nil). Page 30