Company registration number: N1620052 Clwity registration number :NIC104587 Mid & East Antrim Agewell Partnership (A company limited by guarantee) Annual Report and Financial Statements for th¢ Y¢ar Ended 31 Mah 2025 D T Carson & Co. 51-53 Thomas Street Ballymena Co. Antritn B T43 6AZ
Mid & East ADtrim Ageivell Partnership Statement of Financial ActiYAties for the Year Ended 31 March 2025 (Including Income and Expenditure Account) Total 2025 Unrutri¢t¢d Restrleted Note Income and Endowments from: Donations and legacies Cbaritsble activities 13,081 6,733 60 562,914 13,141 569,647 Total Income 19,814 562,974 582,788 Expenditure on: Raistng fun(L8 Charitable activities (2,182) 41,866) (12,882) (583,078) (15,064) (624,944) Total Expenditure (44,048) 595,960) (640,008) Net expenditure Transfers between funds (24,234) (13,321 (32,986) 13,321 (57,220) Net movement in fimds (37,555) (19,665) (57,220) Reconciliation of funds Total funds brought forward 139,892 35.576 175,468 Totsl fund8 caTTied forward 17 102,337 15,911 118.248 Total 2024 Unrestricted Restricted Note Income and Endowments from: Donations and legacies Charitable activities 11,440 14,286 11,443 581,813 567,527 Total In¢om¢ 25.726 567,530 593.256 Expenditure on: Raising funds ChaTitable activities (1.044) (45.474) (1.044) (636.663 (591.189 Totsl Exp¢nditure (46,518) 591,189) 637,707 Net expenditure TTat15fers between funds (20.792) 30.451 (23,659) (30,45 L) (44.451) Net movement in fiu]ds 9.659 (54,110) (44,451) Reconciliation offunds Total fidS brought forward Total funds canied forward 130.233 89,686 219.919 17 l39,892 35.576 175,468 All of the charity's income and expenditure derive from Continuing tIvIties. The statement of financial activities includes all gains and losses Eecogmised dwing the p10d. The notes on pages 22 to 38 fomi an integral part of these financial 5tatem¢nts. Page 19
Mid & East Antrim Agewe]] Partnership (Registration number: N1620052) Balance Sheet as at 31 March 2025 2025 2024 Iyote Fixed assets Tangible assets 12 13.829 12,133 Current assets Debtors Cash at bank aud in hand 13 14 80.760 60,845 130,350 70,775 201,125 141,605 Creditor5: Amounts falliDg due within one year Net current assets 15 37,186 (37,790 104.419 163,335 Net assets 118.248 175,468 Funds of the charlty: Restricted fincome funds Restricted funds 17 15,911 35,576 Unrestricted income funds Unrestricted fimds 102.337 139,892 Total lld$ 17 118.248 175.468 These financial statements have been prepared in accordance with the special provisions retating to ¢ompauies subject to the small companies Tegime within Part 15 of th¢ CompaDies Ath 2006. The financial statements on pages 19 to 38 were approved by the ttustees, and authorised for issue on 30 October 2025 and signed on tbeir behalf by: Mr W Mccaughey Chairman and TTUStee The notes on pages 22 to 38 forni an integral part of these financial statements. Page 20
Mid & East Antrim Agewell Partnership Statement of Cash Flows for the Year Ended 31 March 2025 2025 2024 Note Cash flows from operating activities Net cash expenditure (57.220) (44,451) Adjustments to cash tlows from non-casb iten Depreciation Donated motor vehicle 8,447 3,500) (52,273) 9,257 (35,194) Working capital adjustments Decreasel(increase) ill debtors (De¢rea5eyincrease in creditors Decrease in deffflred income 13 15 49,590 (604) {20,093) 24.107 (17,188) Net cash flows from operating activities (3,287) (48.368) Cash flows from investing activities Purchase of tangible fixed assets Donated asset 12 (10.143) 3.500 (1,357) Net cash flows frorn investing activities (6,643) (1.357) Net de¢T¢2S¢ in cash and cash equivalents Cash and cash equivalents at l April Cash and cash equivalents at 31 March Reconciliation of net cash tlow to movement in net funds Decrease in cash (9,930) 70,775 (49,725) 120.500 60,845 70,775 (9,930) 70,775 (49,725) 120,500 Net funds at l April 2024 Net fimds at 31 March 2025 60.845 70.775 Alj of the cash flows are derived from continuing operations during the above two peTiods. The notes on pages 22 to 38 fonn an integral part of these fmatLcial Statements. Page21
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 I Charity status The clwity is limited by guarantee. incorporated in Northern Ireland, and consequently does not have share capital. Each of the tnteeS is liable to contribute an amount not exceeding £1 towaTds the assets of the charity in the event of liquidation. The address of its registered office is: Brougbsbane House, 70 Main Street, Broughshane. BALLYMENA County Antrim BT42 4JW These financial statem¢nts were authorised for issue by the trnstees on 30 October 2025. 2 A¢¢ountlng po]icie5 Summary of 5ignifieant aceollntAng policies and key accounting estimate5 The principal accounting policies applied in the preparation of these fmancial statements are set out below. These policies have been consistently applied to all the years piesente(l unless otherwise state¢l Statement of compJi2n¢e The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to cbarities preparing their accounts in accordance with the Financial Reporting StalldaTd applicable in tbe UK and RepubIic of Ireland (FLS 102) (effective l January 2019), the Charities Act (Northern Ireland) 2008 and the Companies Act 2006 and UK Generally A¢cepted Accounting Practice. The charity is a Public Benefit Entity as defined by FRS 102. Basis of preparatioD Assets and liabilities are initially recoLIS¢d at historical cost or transaction value unless otherwise stated in the relevant accoullting policy notes. The presentational cutTeDCy of these finall¢ial statements is sterling and amounts have been rounded to th¢ nearest £1. Page 22
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 Going concern The financial statements have been prepared on a going concern basis.The tsustees have assessed a period of 12 months from the date of approving the financial statements with regard to the going concern assumption in preparing the fancIal statements. The trustees note the net deficit that has been recorded by the charity in its statement of fmancial activities for a s¢cond successive year and that the level of unrestricted fimds is depleting and at a level currently below its targeted operational reserves level of 3 months operating costs. In light of this financial position, the Trustees have considered the vaTiOUS uncertainties and other factors around going concern. Their work has included a review of financial budgets and other infornation for a period of 12 months and beyond from the date of signatur¢ of these financial statements. The charity continues to deliver its current fimded progratmnes in line with its strategic plan. maintsining strong partnerships with fimd¢rs and stakehoLdeTS. The funding of IMPACTAgewell@. the chaTity's core programme, has been extended by the Deparlment of Health to 31 MaTch 2027 and other key programmes have also been confmed over the tL¢Xt two year period. The Ag¢ing Well progrdtDme will be subject to a tendering process in early 2026, however th¢ charity would be hopeful that they could again be successful in the award of this progran]me. During tbe fmancial year ended 31 Marcb 2025. Agewell entered a planned period of significant change with tbe establishment of its new social enterise, Dots. This initiative has been developed to getLerate an additional income stream, supporting tb¢ long-terni sustainability of the ¢haTity atLd reducing reliallce on external grdnt funding. The TSteeS recogDise that tbis period of transition requires the use of Agewell's own rescrves to support the development and early stages of Dots. The success of Dots, and its future financial contribution to the charity, represents a material uncertainty that may cast significant doubt OD the charity's ability to continue as a going concern. The charity has already wccessfuIly attracted grant fimding from several f(mders to assist with startup and to help minimise the burden on th¢ charity's own reserves. both ID the CUTrellt and fijture fitwicial years. Appropriate budEets and financial plan5 for Dots have beell prepar¢d by management and reviewed by the Trustees to nwlage the implementation carefully. Dots is forecast to be self-sustaiDillg by the end of the 26127 fllW]cial year and will begin contributing 5UTpIu5 in¢om¢ baok to Agewell, strengthening the charity's overall financkal position. Dots bas also received support froD] the Vivensa Foundation in the foTm of a social investment for the 2025126 financial year, helping to reduce the GRlty'S exposuTe to fmancial risk. While forecasts indicate a fier deficit at the end of 2025126. the charity's cutrent level of utjrestricted reserves is sufficient to absorb this hortfall. The Trnstees anticipate that. from tbis point, Dots will begin contributing positively and help r¢turn the charity to a SUTplus position. Having consid¢red all of the above. at the time of approving the accounts, the Trust¢¢s have a Teasonable ¢xpect&tion that the charity has adequate resource5 to continue in operational existence for tbe foreseeable future. Accordingly, the Trustees continue to adopt the going conG¢rn basis of accounting in prepaTing these fllwicial statements. Page 23
Mid & East Antrim Agewell Partnershlp Notes to the Financial Ststements for the Year Ended 31 March 2025 Judgements The Preparation of the financial statements requires the trustees to make judgements, estimates and assumptions that affert the application of accounting policies and the reported amount of assets and liabilities, incom¢ and expenses. The estimates and associated assumptions are based on historical experience and other factors that are Onsidered to be relevanL Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in wbich the estimate is revised where the r¢vision affects only that period. or in the period of the revision and tUre periods where the revision affects both Current and future periods. Key sources of estimation uncertalnty There were no key sources of estimation uncertainty made in the year. Income All income is recognised once there is a legal or constsuctive obligation to that incorne after any perfonnace onditions have been met, the amount can be measured reliably and it is probable that ineorne will be received. All income is allocated to tbe applicable income beading that aggregate similar incorne to that category. Donrttions and legacie5 Donations are recognised when the charity has been notified in WTiting of both the amount and settlement date. In the event that a donation is subject to conditions that Iequire a level of perfonnance by the charity before the charity is entitled to the fjjllds, the income is deferred and not recognised until either those conditions are fillly met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fiLlfilled iti the reporting perio Grants receivable Grants are recognised when the charity has an entidement to the fijnds and any ¢otLditions linked to the grants have been met. Grants receivable are recognised initially at transaction price and subsequently measured at amortised cost using th¢ effective interest rate method. less any provision for irnpairment. A provision foT the impairnient of grants receivables is established when tbere is objective evidence that the charity will not be able to collect all amounts due according to the original tenns of the grant receivables. Where perforniance conditions are attached to the grant and are yet to be niet, the income is recogtiised as a liability and included on the balance sheet as deferred incom¢ to b¢ r¢leas¢d. Deferred income Deferred income represents amounts received for tUre periods and 15 released to incoming r¢sources in the period for which, it bas been received. Such income is only deferred when.. - The donor specifies that the grant or donation must only be used in accounting period5. OT - The donoT has imposed conditions whicb must be met before the charity has unconditional entitlement. Pag¢ 24
Mid & East AntriD] Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 Gifv in kind Gifts in kind are recognised ID different ways dependent on how they are ed by tbe clwity: (i) Those donated for resale produce income when they are sold. They are valued at the amount actually realised. (li) Those donated for onward transmission to beneficiaries are included in the Statement of Financial A¢tivities as incomiDg r¢sources and resources expended when they are distributed. They ar¢ valued at the amount the charity would have had to pay to acquire them. (iii) Those donated for use by the charity itself are included when receivable. They are valued at the amount the charity would have had to pay to acquire them. No amounts are included in the fjnancial statements for services donated by volunteers. Expenditure All expendire is recOlSed once there is a legal or constructive obligation to that exp¢ndibre. it is probable settlement is required and tbe amount can be measured reliably. All costs are allocated to the applicable expenditUTe heading that aggregate similar costs to that category. Where costs catmot be directly attributed to particular hcadings they have been allocated on a b&5is consistent with the use of Tesources. Staff costs and other support costs are allocated to activities on the basis of time spent on those activities. Raisinglunds These are costs incurred in attTacting voluntary iucome, the manaEement of investments and those incurred in trading actLVities that raise funds. Charitable aclivities Charitable expenditure comprises those costs inCued by the charity in th¢ delivery of its activities and services for its beneficiaries. It in¢ludes both costs that can be allocated directly to such activities and those costs of an indirect nature llecessary to support them. Support ¢05ts Support Costs include central fimction5 and have been allocated to activity cost categories on a basis ¢onsistent with th¢ us¢ of resources, for example, staff costs by the time spent and other costs by their usage. Governance costs Thes¢ itLclude the costs attributable to the charity's compliance with constitutional and statutory r¢quirements. Taxation Th¢ charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax PUTP05es. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains Te¢¢ived within categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Cbargeabl¢ Gains Act 1992, to the extent that such irAcome or gains are applied exclusively to Charitable purposes. Tangible red assets Tangibl¢ f¢d assets (individually costing £100 or more) are initially measured at ¢ost and subsequently measured at C05t, net of depreciation and any impairment losses. The company assesses at ¢ach reportitLg date whether tangible fixed assets are impaired. Page 25
Mid & East Antrim Agewell Partnership Notes to the Finallcial Staternents for the Year Ended 31 March 2025 Depreciation And 2morti5ation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estiTnated Tesidual value, over their expected useful economic life as follows: Asset class Furniture and Equipment Motor V¢hi¢les Depreeiation method and rate 4 years straight line 4 years straight line Cash and cash equivalent$ Cash and cash equivalents comprise cash on hand and call deposits, aad other short-terni higbly liquid investments that are readily convertible to a knovm amount of cash and are subject to an insigoifieant risk of hange in value. Trade creditors Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if th¢ charity does not have au un¢onditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date. they are presented as non-current liabilities. Trade creditors aTe TecogDised initially at the transaction price and subsequently measwed at amortised cost Using the effective interest metbod. Fund structure Unrestticted income funds are general funds that are available for use at the trustees discretion in filltherance of tbe objectives of the charity. Restiicted income funds are those donated for use in a parti¢ular area or for specific purposes, the use of which is restsicted to that area OT purpose. Hire purchase and finance leases Leases in wbi¢h substantially all the risks and rewards of ownership are retsined by the lessor are classifled as operating leases. Rentsls payable under operating leases are charged in the Statellient of Finallcial Activities on a Straight lin¢ basis over the Eease temi. Pensions and other post retir¢rtt¢nt obligadons Th¢ ¢harity operates a defined contribution pension scherne which is a pension plan under which red ontributions are paid into a pension fimd and the charity has no legal or constructive obligation to pay further ontributions even if the fid does not hold sufficient assets to pay all ¢mployecs the benefits relating to employce scrvice in the current and prior periods. Contributions to defined contribution plans are recogni5ed in the Staternent of Financial Activities when they are due. If contribution paym¢nts exceed th¢ ¢ontribution due for service. the excess is recognised as a prepayment. Pag¢ 26
Mid & East Antrim Agewell Partnership Notes to the Financial Statemellts for the Year Ended 31 March 2025 Fln2ncl21 Instruments Classificalion Financial assets and financial liabilities are recognised when the charity becomes a paty to the contractual provisions of the instrwnenL Financial liabilities and equity instnllllents are classified according to the substance of tbe contractual arrangements entered into. An equity instnunent is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement Basic financial assets Basic financial assets, which include debtors, cash and bank balances. are initially measured at transaction price including transaction costs and are Subsequently caTried at amortised cost wing the effective interest method unless the arrangement constitutes a financing traDsaction, where the transaction is tneasured at the present value of the future receipts discounted at a tnarket rdte of interest. Financial assets classified as receivable within one year are not amortised. Basic fanCIal liabilities Basic fll]ancial liabilities, which include Creditors and loans. are initially measured at transaction price unless the aallgeMellt constitutes a financing transaction. where the debt instrument is measured at the present value of the tre payments discoiinted at a market rate of interest. FiTwicial liabilities classified as payable within one year are not amortised. Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. Jmpairm¢nt For financial assets ¢arried at amortised cost, the amount of impairnient is the difference between the &sset's canying amount and th¢ Present value of estimated future cashfiows. discounted at the financial asset's original effective interest rate. For financial assets carried at cost less impainnen¢ the impairment loss is the difference between the asset's carrying aTnount and th¢ estimate of tbe amount that would be received for the asset if it were to be sold at the reporting dat¢. Where indicators exist foT a decrease in impairn]ent loss, and the decrease can be related objectively to an event occurring after the itnpairTnent was recognised, the PriOT impairmellt loss is tested to determine reversal. An irnpainnent loss is reversed on an individual impaired financial asset to the extent that the revised Tecoverdble value does not lead to a revised Carrying amount higber than the carrying value had no impairment been recognised. Page 27
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income Unrestricted Total 2025 Total 2024 General Restrlcted Donations and legacies. Donations from fjjndraising activities Donations frorn companies, tnts and similar proceeds Donations frorn individuals Donations from community groups Gifts in kind 4,074 4.074 2,990 1,480 3.997 1,480 4,057 2,000 5.423 60 30 3,500 30 3.500 1,030 13,081 60 13.141 11,443 4 Income from charltable activities Unrestricted fund5 General Re5tri¢tsd lunds Total 2025 Programme grant income Dots Social Enterprise Grant income Other incotn¢ 5,832 546.690 15,885 339 552,522 15,885 1,240 901 6,733 562.914 569.647 Unrestricted funds General Restricted fund5 Total 2024 Prograrnme wt income Other incom¢ 13,478 808 566.017 1,510 579,495 2.318 14.286 567.527 581,813 Pag¢ 28
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 5 Expendithre on rgisiDg funds a) Costs of generating don2tRons and legaeles Total costs Direct c(Jsts Staff Costs Costs of generating donatiODS and legacies Total for 2025 85 14,979 15.064 85 14,979 15,064 Total for 2024 850 194 1,044 £2,182 (2024 _ £1,044) of the above expenditUTe was attributable to ut)restricted fidS and £12,882 (2024 - £Nil) to Testricted funds. 6 Expenditure on charitable activities Activity undertaken directly Activity SUPPOTt ¢osts 2025 Progra¢ direct costs stsff costs Support costs 208,979 330,422 208,979 330,422 85,543 85,543 539.401 Activity undertaken directly 85.543 624.944 Activlty support costs 2024 Programme direct costs Staff costs Support ¢osts 223.906 323,602 223,906 323.602 89.155 89.155 547,508 89,155 636,663 £41.866 (2024 - £45,474) of the above expendittwe was attributable to unrestrithed funds and £583,078 (2024 - £591,189) to restricted fimds. Page 29
Mid & East Antrim Agewell Partnersbip Notes to the Fillancial Statements for the Year Ended 31 March 2025 7 Analysis of governance and support costs CharAtfdble activities expenditsre Unrestricted funds General Re$tri¢ted funds Totsl 2025 Depreciation BaDk fe¢s IT costs Telephoneltnternet HR consultant support Office equipment IT consultant support Office Rent- operating lease expense Office Utilities cost Insurance Volunteer expenses Office postsge and prlnting Offic¢ general costs Training Finance Consultancy costs Govemallce costs - Audit 8,447 21 2,758 367 8,447 324 303 8.087 6.981 2,815 952 2,520 9.894 912 3,796 4,840 9,813 2.879 658 10,845 7,348 2,815 1,016 2.520 10.415 960 3,993 6,009 10.333 3,760 678 64 521 48 197 1,169 520 881 20 11,280 11,280 4.800 4.800 19.813 65.730 85.543 Page 30
Mid & East Antrim Agewell Parthership Notes to the Financial Statements for the Year Ended 31 March 2025 Unrestrlcted funds General Restricted funds Total 2024 Depreciation BaDk fees IT costs Telephoneltnternet HR consultant support Office equipment IT Consultant support Office Rent- operating lease expense Office Utilities cost Insurance Volunteer expenses Office postage and printing Office general costs Training Finance Consultancy costs GovertLan¢¢ costs - Audit 9,257 22 1,959 5,992 9,257 329 10,572 6,622 1,686 567 2.520 8,017 435 4,280 5.851 15.656 895 4,468 13,500 4,500 307 8,613 630 1,686 391 2,520 4.154 (5) 3,888 5,045 14,002 176 3,863 440 392 806 1,654 895 654 1,400 4.500 3.814 12,100 32,010 57.145 89,155 8 Trustees remuneration and expenses No truste¢s, nor any persons connected with them, have Te¢eived any remuneration from the charity during th¢ yeat. 9 Staff costs The aggregate payroll ¢osts weTe as follows: 2025 2024 Staff costs during th¢ year were: Wages and salaries SoGial Security ¢05ts P¢nsioll costs Other staff costs 312.319 23,155 8,937 990 292,023 21.598 10.015 160 345,401 323.796 Page3l
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 IWtsrch 2025 The monthly average number of persons (including senior management I leadersbip team) employed by the Iwity during the year expressed as full tim¢ equivalents was as follows." 2025 2024 Charitable activities Governance 12 No ¢mployee received emoluments of more than £60,000 during the year. The totsl employee benefits of the key management personnel of the charity were £88,300 (2024 - £87,547). 10 Auditors. remuneration 2025 2024 Audit of the financial statements 4,800 4,500 11 Taxation The charity is a registered charity and is therefore exempt from taxation. 12 Tangible fixed assets Furniture and equipment Motor vehicles Total Cost At l April 2024 Additions 37,441 6,643 37,441 10.143 3.500 At 31 March 2025 44,084 3,500 47.584 Depreciation At l April 2024 Charge for the year 25,308 7.900 25.308 8.447 547 At 31 March 2025 33.208 547 33,755 Net book value At 31 March 2025 10.876 2.953 13.829 At 31 Marcb 2024 12,133 12,133 Page 32
Mid & East Antrim Ageivell Parthership Notes to the Financial Statements for the Year Ended 31 March 2025 13 Debtors 2025 2024 Prepayments Grants receivable 1.898 78,862 729 129,621 80,760 130,350 14 Cash and cash equivalents 2025 2024 Cash at bauk 60,845 70,775 IYon-Ca5b transactions exeluded from the eash flow statement During the Cellt period. a second hand motor vehicle at fair value of £3,500 was donated to the charity and this has been excluded from the c&shfiow staÈemenL 15 Creditors: amounts falling due within one year 2025 2024 Trade Creditors Other creditors Accnjals 4,475 12,876 3,214 21.700 32,711 37,186 37.790 16 Pension and other sehemes Defined contribution pension scheme The charity opeTat¢s a defined Contribution pension scheme. The pension cost charge for the year repies¢nts contributions payable by the cknity to th¢ s¢h¢me alld aounted to £8.937 (2024- £10,015). Pag¢ 33
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 17 FuDd5 Balallce at 31 March 2025 Balan¢e at I Aprll 2024 Incoming resources Resources eipended Transfers Unrestricted funds General Unrestricted Income Funds 139,892 19,814 (44,048) (13,321) 102,337 Restricted funds IMPACTAgewell@ - Dept of Health MEABC Ageing Well Connect North Service Holistic Hoarding HelpeTS 24125 CFNI Creases for Carers NtHE- Social Enterprise CFNI - Social Justice 24125 CDHN - Elevate 24125 Scamdemic Go Succeed CDHN - BCPP 23124 IMPACT Demonstrator DEARA RuTal Micro Grant Asda Foundation CFNl- Bank of Ireland 333,342 105.046 41,033 (331,118) (133.729) (41,033) (2,224) 28,683 23,281 17,187 10,000 8.547 7,500 6,459 4,000 2,400 1,894 1,885 400 (15,637) (41,237) (10,000) (280) (7,000) (6,459) (2,422) (3,400) 7.644 24,050 8,267 (500) (1.578) (7.594) (1,894) (1,572) 8,594 (313) (400) (2,932) 2.932 Total restricted funds 35,576 562,974 (595,960) 13,321 15.911 Totsl funds 175.468 582.788 {640,008 118.248 Page 34
Mid & East Antrim Agewell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 Balance at 31 March 2024 Balance at I April 2023 Incoming resources Resources expended Transfers Unrestricted fund5 General Unrestricted Income Funds 130,233 25.726 (46,518) 30,451 139,892 Restricted IACTAgeWCll - Dept of Health IMPACTAgewell@ - DMT MEABC Ageing Well Connect Nortb SVIce CFNI Creases for Carers CDHN - BCPP 23124 IMPACT DemonstratOT CFNI - Bank of Ireland MEABC Lunch Club Launch Pad HFM Book Buddies TNL - BFF Ageing Well Awards 326,418 (310,985) (21,789) (118,750) (32,246) (25,121) (8,000 (52.139) (5.318) (15,433) (2,844) 7.983 (8,787) (7,080) 24,633 110,767 41,033 37,500 16,600 19,503 9,621 18,751 24.050 8,594 31,829 807 (1,371) 2,932 9,217 1.172 4,084 (1,424) (935) (4,992) (9,484 (7.793) (237) 908 3,396 6,088 Total restricted funds 89.686 567.530 (591,189) (30,451) 35.576 Total funds 219,919 593,256 (637,707 175,468 Page 35
Mid & East Antrim Agewell Partnership Notes to the Finallcial Statemellts for the Year Ended 31 March 2025 The specific purposes for which the funds are to be applied ar¢ as follows.. IMPACTAgewell@ IMPACTAgewell@ is an assets-based approach to integrated ¢are which supports Older People aged 60+ living with on¢ or rnore long temi health conditions in the Mid and East Antrim area. MEABC Ageing Well- Mid & East Antrim Community Plam)ing Partners The Ageing Well service provides a Handyperson Service for Older People aged 65+ as well as a Good Morning Telephone service across Ballymen4 Carrickfergus and Larne. Connect North Service- Age NIINHSCT Connect North is a social pre51b1Dg model which supports individuals aged 18+ living in Mid and East NIHE Holistic Hoarding Helpers 24125 Holistic Hoarding Helpers provides support to NI tenants in the Ballynena area at risk of losing their tenancy due to hoarding issues. CFNI - Creases foT CaTers- Depar¢ment of Health Creases for Carers provides door to door ironing support for Older People who are Caring for someone at bome. NIHE Social Entetpris¢- Northern Ireland Housing Executive NIHE Social Entetpris¢ Fund Provided fllwicial support to the Dots Social Entetpris¢. CFNI- Social Justice 24125 Community Foundation for Northern Ireland Agewell for All provides health and wellbeing support for older residents from etbnic minorities living in the Mid and East Antrim atea. CDHN- Elevate 24125 - Public Health Agency The Elevate programme 5UPPOrts conununity and voluntary organisation with health and wellbeing support including mentoring. Scamdemic The Agewell Scamdemic project is a community initiative providing an infotIon conference and wider support to raise awarell¢ss of scams, funded by Housing for All, Radius Housing. Triangle Housing. tbe MEA Policing & ComtnuDity Safety PartneIship, the Nortbern Ireland Housing Executive. and Mid & East Antrim Borougb Council. Go Succeed- UK Government, facilitsted by Mid & East Antrim BTougb Counril This grant has SUPPOrted Dots through the purchase of equipment and setvices to strengthen and grow the Dots Social Enterprise. CDHN- BCPP 23124 Building Cornmunity Phannacy Partnerships (BCPP) is a project which supports communities and community pharmacists to work together to address the social deterniinants of bealth and health inequalities. IMPACT Demonstrator The Impact Demonstrator is a four-nation review into adult social care, witb research looking at how to embed asset based approaches in health and social care. Page 36
Mid & East Antrim Agewell Partnership Notes to the Financial Ststements for the Year Ended 31 March 2025 DEARA Rural Micro Grant - Depaitment of Agriculture and Rural Affairs - fa¢ilitated by Northem Area Comtnutiity Network This wt supports Dots througb the purchase of equipment to strength¢ll and grow the Dots social enterprise. Asda Foundation The Asda Foundation has provided support to ¢ommunity and voluntary groups who work with individuals at risk of i501ation, in¢luding Agewell's Face to Fa¢¢ Befriending Service. CFNI - Bank of Ireland This fund provides resource specifically for the Agewell Counselling Seice, which allows Older Peopl¢ to address ernotional and mental health support. ABC Lunch Club Launch Pad The Lunch Club Launch Pad project, supports the recovery and relaunch of existing luncheon clubs in Ballyinena, Carrickfergus and Lame following the COVID-19 pandemic. TNL BFF The Building Flurishing Friendships (BFF) Service is a fa¢e-tO-face befriending projecL wbich supports Older People in Mid and East Antrim at bigb risk of isolation and lon¢lin¢ss. AgeiDg Well Awards The Agewell Awards provides a platforn) of recognition for conununity groups and individuals who support Older People living in Mid and East Antrim to be better, physically, better etnotionally and better connected. 18 Analysis of net 2$sets between funds Unrestricted funds General Total funds at 31 March 2025 Restricted funds Tangibl¢ fixed assets Current assets Current liabilities 13,829 104,694 (16,186) 13.829 141.605 (37,186) 118,248 36,911 (21,000) 15.911 Total net assets 102,337 Unrestricted funds General Total funds at 31 March 2024 Restricted funds Tangible fixed assets Current assets Current liabilities 12.133 135,473 (7,714) 12,133 201,125 (37,790) 65,652 (30.076) Total net assets 139,892 35.576 175.468 Page 37
Mid & East Antrim Ageivell Partnership Notes to the Financial Statements for the Year Ended 31 March 2025 19 Analysis of net funds At l April 2024 At 31 March 2025 Cash flows Cash at baDk and in Iwid 70,775 9,930 60,845 Net funds 70,775 At l April 2023 9,930 60,845 At 31 March 2024 Casb flow5 Cash at bank and in hand 120,500 (49,725) 70.775 Net funds 120.500 (49.725) 70.775 20 Related party transactions Durlng the year the charity made the following relatsd paty tranStions.. Trustees Trnstee expenses relating to travel expenses were incurred and reimbursed to one trustee in the year and totalled £46.71 (2024 - Travel and programme facilitation expenses to two trustees £318.71). At tbe balance sheet date the amount due tolfrom Trustees was £Nil (2024- £Nil). 21 Ob]igations under leases and hire purchase contracts Operating lease conllnitments Total future minimum lease payinents under non-w]cellabl¢ operating leases are as follows: 2025 2024 Land and buildiogs Within one year 10.546 10,546 Page 38