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 Ne￿ork'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 Ne￿Ork 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