Charity registration number: 105007 Age Concern Network of Newcastle and District AnnLsal Report and Financial Statements for the Year Ended 31 March 2024
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 Detsils Trustees Mrs Geraldine Milligan Mr Reg Bell Mrs Joan Devlin Mr Domnall Mccomish Mr Michael Smyth Mrs Margaret Mcveigh Ms Mary Marr Ms Eileen Brady Ms Goretti Drummy 105007 Charity Registration Number Principal Offlce 21 Dundrum Road Newcastle Co. Down BT33 OBG KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD Independent Examiner Page 1
Age Concern Network of Newcastle and District Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2024. Trustees Mrs Geraldine Milligan Mr Reg Bell Mrs Joan Devlin Ms Rosemary Mooney (resigned 31 October 2023) Mrs Linda Watson (resigned 31 October 2023) Mr DOMnal Mccomish Mr Michael Smyth Mrs Margaret Mcveigh Ms Mary Marr (appointed 1 April 2023) Ms Eileen Brady (appointed 1 April 2023) Ms Goretti Drummy (appointed 31 October 2023) Objectives and activities Objects and aims Age Concern NeOrk 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 peopSe in Newcastle and district. Objectives, strategies and actlvities 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 feet, 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. Page 2
Age Concern Network of Newcastle and District Trustses, Report (continued) Financial 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 Nelwork 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, adminislration, fundraising and support costs without which the charity could not function. Reference and Administrative Details 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 Natura of governing document The charity 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 neOrk and shall be only eligible for election upon nomination in writing, duly proposed and seconded by members of the Neork, 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 Netsmork of Newcastle and District Trustees. Report (continued) Organisational structure Newcastle NeOrk employs an experienced administration offIr to oversee the day to operations of the charity. The committee consists the Honorary Officers, who shall be the Chairperson, Vice Chairperson, Honorary Secretsry and Honorary Treasurer and not less than five additional members or more than sixteen. Relationships with related parties Age Concern The NeOrk and its propety and affairs are managed by an executive committee. The neOrk and its committees are at all times accountable to and comply with the directions of Northern Ireland Old People's Welfare Counci5, which carries on its activities under the general title of 'Age Concern,. The annual report was approved by the trustees of the charity on 8 October 2024 and signed on its behalf by: 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 Concern Nelwork of Newcastle and District for the year ended 31 March 2024. Responsibilities and basis of raport As the charity trustees you are responsible for the preparation of the accounts 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 (Northem Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 65(9)Ib) of the Charities Act., and state whether particular matters have come to my attention. Basls of independent examlnerfs report I have examined your charity accounts as requiEd under section 65 of the Charities Act and my examination was carried out in accordance with the 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 disclosures 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 the Charities Act 4. That there is further information needed for a proper understanding of the accounts to be reached. 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) 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. n,L Nicole Toner ACCA KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 8 October 2024 Page 6
Age Concern Network of Newcastle and District ststement of Financial Activities for the Year Ended 31 March 2024 Unrestricted funds Total 2024 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 4,083 39,597 20,000 4,083 39,597 20,000 Total income 63,680 63,680 Expenditure on: Charitable activities Other expenditure (72,437) 565 (72,437) 565 Total expenditure Gainsllosses on investment assets (73,002) 10,405) (73,002) (10,405) Net expenditure Net movement in funds (19,727) 19,727 {19,727) (19,727) Reconciliation of funds Total funds brought fomard Total funds carried forward 285,593 285,593 265,866 265,866 The notes on pages 9 to 13 fom 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 2024 2024 2023 Note Fixed assets Tangible assets 433 998 Current assets Investments Cash at bank and in hand 247,039 19,300 266,339 260,218 23,991 284,209 Creditors: Amounts falling due within one year (906 1,614 Net Current assets 265,433 282,595 Net assets 265,866 283,593 Funds of the charity: Unrestricted income funds Unrestricted funds Revaluation reserve Other reserves (9,322) 110,405) 285,593 11,116 (34,794) 307,271 Total unrestricted funds 265,866 283,593 Total funds 265,866 283,593 The financial statements on pages 7 to 13 were approved by the trustees, and authorised for issue on 8 October 2024 and signed on their behalf by.. Mr Reg Bell Trustee The notes on pages 9 to 13 fomi an integral part of these financial ststements. Page 8
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2024 1 Accounting policies Basis of preparation 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) (effective 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 endowments 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. 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 - 25 % on cost Current asset investments Current asset investments are included at the lower of cost and net realisable value I market value. 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 e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least e1ve months after the reporting date, they are presented as non-current liabilities. are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Page 9
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 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 ststements. Pensions and other post retlrement obligations The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financia5 Activities in the period to which they relate. 2 Investment income Unrestricted funds General Total funds Other investment income 20,000 20,000 Total for 2024 20,000 20,000 Total for 2023 18,000 18,000 Page 10
Age Concern Network of Newcastle and District Notss to the Financial Statements for the Year Ended 31 March 2024 (continued) 3 Other expenditure Unrestrict8d funds General Total funds Note Depreciation, amortisation and other similar costs Total for 2024 565 565 565 565 Total for 2023 746 746 4 Analysis of governance and support costs Governance costs Unrestrlcted funds General Total funds Independent examiner fees Examination of the financial statements 906 906 Total for 2024 906 906 Total for 2023 936 936 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. Page 11
Age Concern Nebmork of Newcastle and District Notes to the Financial Ststements for the Year Ended 31 March 2024 (continued) 6 Tangible fixed assets Furniture and equipment Total Cost At 1 April 2023 23,852 23,852 At 31 March 2024 23,852 23,852 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 22,854 565 22,854 565 23,419 23,419 Net book value At 31 March 2024 433 433 At 31 March 2023 998 998 7 Current asset investments 2024 2023 Shares in group undertakings and participating interests 247,039 260,218 8 Creditors: amounts falling due withln one year 2024 2023 Accruals 906 1,614 Page 12
Age Concern Network of Newcastle and District Notes to the Financial Ststements for the Year Ended 31 March 2024 (continued) 9 Funds Balance at 1 Aprll 2023 Other Balance at Resources recognised 31 March expended gainsl(losses) 2024 Incoming resources Unrestricted funds General 285,593 73,002 (10.405 63,680 265,866 Balance at 1 April 2022 Other Resources recognised expended gainsl(losses) Balance at 31 March 2023 Incoming resources Unrestricted funds General 307,271 62,159 283,593 51,043) {34,794 10 Analysis of net funds At 1 April 2023 Financing cash flows Changes In market value At 31 March 2024 Cash at bank and in hand Current asset investments 23,992 260,218 (4,692) 19,300 247,039 (13,179) (13,179 Changes in market value Net debt 284,210 At 1 April 2022 {4,692) Financing cash flows 266,339 At 31 March 2023 Cash at bank and in hand Current asset investments 22,917 283,964 1,075 23,992 260,218 (23,746 23,746) Net debt 306,881 284,210 Page 13
Age Concern Network of Newcastle and District Statsment of Financial Activities by fund for the Year Ended 31 March 2024 Totsl Total Unrestricted Unrestricted Funds Funds 2024 2023 Income and Endowments from: Donations and legacies Charitable activities Investment income 4,083 39,597 20,000 2,736 41,423 18,000 Total income 63,680 62,159 Expenditure on: Charitable activities Other expenditure (72,437) 565) (50,297) {746 Total expenditure 73,002 (51,043) Net (expenditure>lincome Reconciliation of funds (9,322) 11,116 Total funds carried forward (9,322 11,116 This page does not form 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 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies lanalysed below) Charitable activities (analysed below) Investment income (analysed below) 4,083 39,597 20,000 2,736 41,423 18,000 Total income 63,680 62,15g Expenditure on: Charitable activities {analysed below) Other expenditure (analysed below) (72,437) 565 (50,297) 746) Totsl expenditure {73,002 51,043 Net {expenditure)lincome Reconciliation of funds 9,322 11,116 Total funds carried forward 9,322 11,116 This page does not fomi part of the statutory financial ststements. Page 15
Age Concern Network of Newcastle and District Detailed Statement of Financial Activities for the Year Ended 31 March 2024 (continued) Total 2024 Total 2023 Donations and legacies Donations and fundraising Subscriptions 2,385 1,698 4,083 1,489 1,247 2,736 Charitable activities Activities Donations 37,434 2,163 39,685 1,738 39,597 41,423 Investment Income Bank interest received 20,000 20,000 18,000 18,000 Charitable activities Fundraising costs Purchases Rent Travelling Holidays Advertising Bank charges Wages and salaries Staff pensions Light, heat and power Insurance Telephone and fax Printing, postage and stationery Sundry expenses Independent examinerfs fee Consultancy fees (150) {3.883) (6,240) (2,170) (16,685) (6,322) {6,240) (2,925) (33,528) (165) (349) (17,008} (1,430) (1,532) (265) (334) (739) (694) (906) (314) (15,072) (1,310) {486) (2561 (988) {578) (1,229) (906) (30 72,437 Other expenditure Depreciation of fixtures and fittings (565 (746) 746 This page does not form part of the statutory financial statements. Page 16