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 Ne￿Ork 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 Ne￿ork'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 ne￿Ork and shall be only eligible for election upon nomination in writing, duly
proposed and seconded by members of the Ne￿ork, 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 Ne￿Ork employs an experienced administration offI￿r 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 Ne￿Ork and its propety and affairs are managed by an executive committee. The ne￿Ork 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