Charity registration number.. 105007 Age Concprn Network of Newcastle and District Annual Report and Financial Statements for the Year Ended 31 March 2023
Age Concern Network of Newcastle and District Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report 5t06 statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t013
Age Concern Network of Newcastle and District Reference and Administrative Details Trustees Mrs Geraldine Milligan Mr Reg Bell Mrs Joan Devlin Ms Rosemary Mooney Mrs Llnda Watson Mr Domnall Mccomish Mr Michael Smyth Mrs Margaret Mcveigh 105007 Charity Registration Number Principal Office 21 Dundrum Road Newcastle Co. Down BT33 OBG Independent Examiner KPS Accountsnts Limited 50A Main Street Newcastle Co. Down BT33 OAD Page 1
Age Concern Network of Newcastle and District Trustees. Report The trustees present the annual report together with the financial ststements of the charity for the year ended 31 March 2023. Trustees Mrs Geraldine Milligan Mr Reg Bell Mrs Joan Devlin Ms Rosemary Mooney Mrs Linda Watson Mr Domnall Mccomish Mr Michael Smyth Mrs Margaret Mcveigh Objectives and activities Objects and aims Age Concern Network of Newcastle and District is a charity established to relieve poverty, to advance education and to promote the preservation and protection of health among older people and to promote the benefit of older people in Newcastle and district. Objectives. strategies and activities Our core aims are to help improve the quality of life of older people in the Greater Newcastle are by promoting their physical. emotional and social well being. We have Continued to do this through our home visits, laundry Service. Thursday club, silver surfers. whist, craft classes. fitter feel. shopping trips, days out and holidays per year. We also recruit and train older volunteers to enable them to become involved in the design, development and delivery of services. Fundraising has continued to play an important role and we have gained funds through our flag day, car boot sale and raffles. Achievements and performance The statement of financial activities for the year ended 31st March 2023 shows a surplu5 of 11,314. Total expenditure was £23.480 of which all was applied directly to the costs of activities in furtherance of the objects of the charity. The balance sheet shows net assets of £283,791 (2022 £307,271) all unrestricted funds and includes £1,098 represented by the equipment of the charity, which by its nature cannot be applied to the work of the charity without disposing of the assets that these funds represent. Page 2
Age Concern Network of Newcastle and District Trustees. Report (continued) Financlal review Policy on reserves Newcastle Neork'S work is of a long term fixed nature to provide training, information. guidance and support to existing and potential Newcastle Network schemes. A significant percentage of expenditure relates to staffing costs. Unrestricted reserves are needed: 1. to provide funds to maintain a level of service delivery in the event of unanticipated shortfalls in income., 2. to provide funds which can be designated to projects at short notice in the event of a perceived need. 3. to avoid the necessity of realising fixed assets held for charitable use- and 4. to cover management. administration, fundraising and support costs without which the charity could not function. Reference and Admln5strative Detalls Charity Registration Number: 105007 Principal Office: 21 Dundrum Road Newcastle Co. Down BT33 OBG Independent Examiner: KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD Structure, governance and management Nature ofgoveming document The charty is controlled by its governing document, a constitution. and constitutes an unincorporated charity. Recruitment and appointment of trustees The Honorary officers and other members of the Executive Committee shall be chosen from the paid up membership of the network and shall be only eligible for election upon nomination in writing. duly proposed and seconded by memb8rs of the Network. and being in the hands of the Secretary at least seven clear days in advance of the relevant Annual General Meeting. Page 3
Age Concern Network of Newcastle and District Trustees. Report (continued) Organisational structure Newcastle Network employs an experienced administration officer to oversee the day to operations of the charity- The committee consists the Honorary Officers, who shall be the Chairperson, Vice Chairperson, Honorary Secretary and Honorary Treasurer and not less than five additional members or more than sixteen. Relationships with related parties Age Concern The Network and its property and affairs are managed by an executive committee. The network and its committees are at all times accountable to and comply with the directions of Northem Ireland Old People's Welfare Council, which carries on its activities under the general title of 'Age Concern,. Mr Reg Bell Trustee Page 4
Age Concern Network of Newcastle and District Independent Examiner's Report to the trustees of Age Concern Network of Newcastle and District I report to the trustees on my examination of the accounts of Age Concem NeOrk of Newcastle and District for the year ended 31 March 2023. Responsibilities and baqis of report As the charity trustees you are responsible for the preparation of the ac,counts in accordance with the requirements of the Charities Act (Northern Ireland) 2008. It is my responsibility to: examine the accounts under section 65 of the Charities Act (Northern Ireland) 2008: follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act., and state whether particular matters have come to my attention. Basls of independent examiner's report I have examined your charity accounts as required under section 65 of the Charities Act and my examination was carried out in accordance with Ihe general Directions given by the Charity Commission for Northern Ireland under section 65{9)(b) of the Charities Act. My examination included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosLsres in the accounts, and seeking explanations from you as charity trustees concerning any such matters. My role is to state whether any material matters have come to my attention giving me cause to believe: 1. That accounting records were not kept in accordance with section 63 of the Charities Act 2. That the accounts do not accord with those accounting records 3. That the accounts do not comply with the accounting requirements of thra Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. Independent examiner's statement I have completed my examination and have no concerns in respect of the matters (1) 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. Page 5
Age Concern Network of Newcastle and District Independent Examiner's Report to the trustees of Age Concern Network of Newcastle and District (continued) KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 12 October 2023 Page 6
Age Concern Network of Newcastle and District statement of Financial Activities for the Year Ended 31 March 2023 Unrestricted funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 2.736 41,423 18.000 2,736 41.423 18,000 Total income 62.159 62,159 Expenditure on: Charitable activities Other expenditure (50,297) 746 (50,297) 746 Totsl expenditure Gainsllosses on investment assets 151,043) (34,794 (23.678 (51.043) {34,794J Net expenditure (23,678) Net movement in funds (23.678) (23,678) Reconciliation of funds Total funds brought forward 307.271 307,271 Total funds carried forward 283.593 283,593 The notes on pages 9 to 13 fomi an integral part of these financial Statements. Page 7
Age Concern Network of Newcastle and District (Registration number: 105007) Balance Sheet as at 31 March 2023 2023 2022 Note Fixed assets Tangible assets 998 1.098 Current assets Investments Cash at bank and in hand 260,218 23,991 283,964 22,917 284.209 306.881 Creditors: Amounts falling due within one year Net current assets (1,614 708 282.595 306.173 Net assets 283,593 307,271 Funds of the charity: Unrestricted income funds Unrestricted funds Revaluation reserve Other reserves 11,116 (34.794) 307,271 (4.712) 5.291 306,692 Total unrestricted funds 283,593 307,271 Total funds 283,593 307,271 Mr Reg Bell Trustee The notes on pages 9 to 13 form an integral part of these financial statements. Page 8
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2023 1 Accounting pollcles Basis of preparatlon The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by 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 (FRS 102) (effeclive 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act (Northern Ireland) 2008. The financial statements have been prepared under the historical cost convention. Income and endowmonts Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred. it is recognised as deferred income. Taxation The charity is exempt from tax on its charitable activities. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - 10 /0 on cost Current asset investments Current asset investments are included at the lower of cost and net realisable value I market value. Page 9
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 Marr.h 2023 (continued) 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 the does not have an unconditional 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 e1ve months after the reporting date. they aro presented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund Structure Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pensions and other post retirement obllgations The charity operates a defined contribution pension scheme. Contributions payable to the charitys pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 2 Investment income Unrestricted fLinds General Total funds Other investment income 18.000 18.000 Total for 2023 18.000 18.000 Total for 2022 14,000 14,000 Page 10
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 3 Other expenditure Unrestricted funds General Total funds Note Depreciation, amortisation and other similar costs Total for 2023 746 746 746 746 Total for 2022 694 694 4 Analysis of govemance and support costs Governance costs Unrestricted funds General Total funds Independent examiner fees Examination of the financial statements Legal fees 906 30 906 30 Total for 2023 936 936 Total for 2022 738 738 5 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. Trustees, expenses During the year there were no expenses reimbursed to committee members. Page11
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 6 Tangible fixed assets Furniture and eiiuipment Total Cost At 1 April 2022 Additions 23,206 646 23.206 646 At 31 March 2023 23,852 23,852 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 22,108 746 22.108 746 22.854 22.854 Net book value At 31 March 2023 998 998 At 31 March 2022 1,098 1,098 7 Current asset investments 2023 2022 Shares in group undertakings and participating interests 260,218 283,964 8 Creditor5: amounts falling due wlthln one year 2023 2022 Accruals 1,614 708 Page 12
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2023 (continued) 9 Funds Balance at 1 April 2022 Other Resources recognised expended gainsl(losses) Balance at 31 March 2023 Incomlng resources Unrestricted funds General 307,271 62,159 51.043 34,794 283.593 Balance at 1 April 2021 Other Balance at Resources recognised 31 March expended gainsl(losses) 2022 Incoming resourcos Unrestricted funds General 306,692 24,082 28.794 5.291 307.271 10 Analysis of net funds At 1 April 2022 At 31 March 2023 Cash at bank and in hand Current asset investments 22,917 283,964 22,917 283,964 Net debt 306,881 Finan¢lng cash flows 306,881 At 31 March 2022 At 1 April 2021 Cash at bank and in hand Current asset investments 27,759 277.849 27,759 (277,849) 277,849 Net debt 305.608 27.759 Page 13
Age Concern Network of Newcastle and District statement of Financial Activities by fund for the Year Ended 31 March 2023 Total Total Unrestricted Unrestricted Funds Funds 2023 2022 Income and Endowments from: Donations and legacies Charitable activities Investment income 2,736 41.423 18,000 7,417 2,665 14,000 Total income 62,159 24,082 Expenditure on: Charitable activities Other expenditure Total expenditure Net incomel(expenditure) Reconciliation of funds (50,297) 746) (28,100) (694} 51.043) (28,7941 11.116 (4,712) Total funds carried forward 11.116 4.712 This page does not fomi part of the statutory financial statements. Page 14
Age Concern Network of Newcastle and District Detailed Statement of Financial Activities for the Year Ended 31 March 2023 Total 2023 Total 2022 Income and Endowments from: Donations and legacies (analysed below) Charitable activities (analysed below) Investment income (analysed below) Total Income 2.736 41.423 18.000 7,417 2,665 14,000 62.159 24,082 Expenditure on: Charitable activities (analysed below) Other expenditure (analysed below) (50.297) 746 (28.100) 694 Total expenditure Net incomel(expenditure) Reconciliation of funds 51,043 (28,794 11.116 4,712 Total funds carried forward 11,116 4.712 This page does not form part of the statutory financial statements. Page 15
Age Concern Network of Newcastle and District Detailed Statement of Financial Activities for the Year Ended 31 March 2023 (continued) Total 2023 Total 2022 Donations and legacles Donations and fundraising UK Government grants Subscriptions 1,489 1,235 6,157 25 1,247 2,736 7.417 Charitable activities Activities Donations 39,685 1,738 2,165 500 41,423 2.665 Investment income Bank interest received 18.000 14,000 18,000 14.000 Charitable actlvltles Fundraising costs Purchases Rent Travelling Travelling Holidays Bank charges Wages and salaries Staff pensions Light, heat and power Insurance Telephone and fax Printing. postage and stationery Sundry expenses Sndependent examinerfs fee Consultancy fees (150) (3,883) (6.240) (2,169) (1) (16.685) (314) (15,072) (1.310) (486) (256) (988) (578) (1.229) (906) {30) 50.297 (3,240) (6.240) (384) (186) (14,168) (1,224) (173) (252} (766) (566) (163) (708) (30) 28,100 Other expenditure Depreciation of fixtures and fittings (746 (746 This page does not form part of the statutory financial statements. Page 16 694 694