Charity registration number= 105007 Age Concern Network of Newcastle and District Annual Report and Financial Statements for the Year Ended 31 March 2025
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 Mr Domnall Mccomish Mr Michael Smyth Mrs Margaret Mcveigh Ms Mary Marr Ms Eileen Brady Ms Goretti Drummy 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 statements of the charity for the year ended 31 March 2025. 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 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 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 feet, shopping trips, days out and I0 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 2025 shows a deficit of £7,702. Total expenditure was £74,599 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 £230,938 (2024.. £265,866} all unrestricted funds and includes £344 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) 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 NeOrk schemes. A significant percentage of expenditure relates to staffing costs. Unrestricted reserves are needed.. 1. to provide funds to maintain a level of seNice 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 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 Nature of goveming 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 network and shall be only eligible for election upon nomination in writing, duly proposed and seconded by members of the Nelwork, and being in the hands of the Secretary at 5east 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 Nelwork 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 wlth related parties Age Concern The NeOrk 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 Northern Ireland Old People's Welfare Council, which carries on its activities under the general title of 'Age Concern,. The annual report was approved by the trustees of the charity on 30 September 2025 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 NeOrk of Newcastle and District for the year ended 31 March 2025. Responslbilities and basis of report 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 (Northern Ireland) 2008., follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland under section 6519)(b) of the Charities Act; and state whether particular matters have come to my attention. Basis 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 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. Nicole Toner ACCA KPS Accountants Limited 50A Main Street Newcastle Co. Down BT33 OAD 30 September 2025 Page 6
Age Concern Network of Newcastle and District Statement of Financial Activities for the Year Ended 31 March 2025 Unrestricted funds Total 2025 Note Income and Endowments from: Donations and legacies Charitable activities Investment income 2,428 33,469 31,000 2,428 33,469 31,000 Total income 66,897 66,897 Expenditure on: Charitable activities other expenditure {74,435) 164 {74,435) (164 Total expenditure Gainsllosses on investment assets {74,599) (27,226) (74,599) (27,226) Net expenditure {34,928 (34,928) Net movement in funds (34,928) (34,928) Reconciliation of funds Total funds brought forward 265,866 265,866 Total funds carried forward 230,938 230,938 The notes on pages 9 to 13 form 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 2025 2025 2024 Note Fixed assets Tangible assets 344 433 Current assets Investments Cash at bank and in hand 218,227 13,303 247,039 19,300 266,339 231,530 Creditors: Amounts falling due within one year Net current assets 936) 906 230,594 265,433 Net assets 230,938 265,866 Funds of the charity: Unrestricted 5ncome funds Unrestricted funds Revaluation reserve Other reserves (7,702) (27,226) 265,866 (9,322) 110,405) 285,593 Total unrestricted funds 230,938 265,866 Total funds 230,938 265,866 The financial statements on pages 7 to 13 were approved by the trustees, and authorised for issue on 30 September 2025 and signed on their behalf by.. Y/?3L6 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 2025 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 All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expendlture 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 reSoUrs. 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.kn 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 Ststements for the Year Ended 31 March 2025 (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 e1ve months after the reporting date. If there is an unconditional right to defer settlement for at least te1ve 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. 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. Penslons and other post retirement obligations The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 2 Investment Income Unrestricted funds General Total funds Other investment income 31,000 31,000 Total for 2025 31,000 31,000 Total for 2024 20,000 20,000 Page 10
Age Concern Network of Newcastle and District Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 3 Other expenditure Unrestricted funds General Total funds Note Depreciation, amortisation and other similar costs 164 164 Total for 2025 164 164 Total for 2024 565 565 4 Analysis of governance and support costs Governance costs Unrestrfcted funds General Total funds Independent examiner fees Examination of the financial statements 864 864 Total for 2025 864 864 Total for 2024 906 906 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 Ststements for the Year Ended 31 March 2025 {continued) 6 Tanglble fixed assets Furniture and equipment Total Cost At 1 April 2024 Additions 23,852 75 23,852 75 23,927 23,927 At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 23,419 164 23,419 164 23,583 23,583 Net book value At 31 March 2025 344 344 433 433 At 31 March 2024 7 Current asset investments 2025 2024 Shares in group undertakings and participating interests 218,227 247,039 8 Creditors: amounts falling due within one year 2025 2024 936 906 Accruals Page 12
Age Concern Network of Newcastle and District Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued) Total 2025 Total 2024 Donations and legacies Donations and fundraising Subscriptions 833 1,595 2,385 1,698 2,428 4,083 Charltable activities Activities Donations 30,408 3,061 37,434 2,163 33,469 39,597 Investment income Bank interest received 31,000 20,000 31,000 20,000 Charitable activities 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 (7,194) (7,440) {2,994) (26,858) (6,322> (6,240) (2,925) (33,528) (165) {349) (17,008) (1,430) (1,532) {265) (334) {739) (694) (906) (336) (20,743) 11,430) {2,711) (266) {1,370) 11,276) (953) (864) 74,435 72,437 Other expenditure Depreciation of fixtures and fittings 164 (565) 565 164 This page does not form part of the statutory financial statements. Page 16