REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
AGE CONCERN DOVER LIMITED |
(A COMPANY LIMITED BY GUARANTEE) |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
FOR |
AGE CONCERN DOVER LIMITED |
(A COMPANY LIMITED BY GUARANTEE) |
AGE CONCERN DOVER LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Report of the Trustees | 1 | to | 3 |
Independent Examiner's Report | 4 |
Statement of Financial Activities | 5 |
Balance Sheet | 6 | to | 7 |
Notes to the Financial Statements | 8 | to | 17 |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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). |
OBJECTIVES AND ACTIVITIES |
Objectives and aims |
We operate under the trading name of The Riverside Centre, Dover. |
Our aim is to promote the welfare of all people over 50 in Dover and the surrounding area. We do this by providing lunches, transport and a range of other activities at the Riverside Day Centre. |
We continue to seek additional finance to support and develop our existing services. In planning our activities the Trustees keep in mind the Charity Commission's guidance on public benefit, as well as the requirements of the Care Quality Commission. |
ACHIEVEMENT AND PERFORMANCE |
The financial problems predicted in the previous financial report appear to have been managed efficiently in that despite our continued refurbishment programme our financial situation remains stable. This has been achieved in the following ways: |
1. Our room rental income increased over this financial year by providing a further chiropody clinic a week, providing room hire for seated yoga and chair exercises as well as increased numbers attending other activities at the Centre. Our catering numbers also increased over the year. |
2. Increasing our income stream from our charity shop whereby turnover was increased by about £16,000 for the financial year. |
3. The solar panels installed at the end of the previous financial year offset some of the increased costs incurred by the energy crisis. |
4. Obtaining financial grants for both refurbishment and provision of activities at the Centre. The Kent County Foundation grant of £10,000 was given to fund some staff costs for our snack bar and provide some assistance with our ongoing meal delivery service. A National lottery grant for £9,999 was obtained to go towards the cost of refurbishing our kitchen so that it would be able to cater for increased numbers attending the Centre. A Post Code Lottery grant for £25,000 was obtained and used to help fund the Centre as well as pay for the kitchen refurbishment and other structural changes that had to be made to the Centre to increase space for room hire and other activities. |
All the above measures have allowed the Centre to continue to flourish in the community without putting it at risk from the economic pressures that have been present through the financial year. |
FINANCIAL REVIEW |
Financial position |
During the year the charitable company made a surplus of £5,551 (2023 - £37,996). At the year end total unrestricted reserves were £367,761 (2023 - £316,382) of which £192,165 (2023 - £152,712) was readily available. At the year end there were also restricted funds of £33,068 (2023 - £78,896). |
FUTURE PLANS |
The forecast for next year is to continue our refurbishment programme, in particular providing a seated outdoor space at the back of the building next to the River to increase catering turnover but also provide a space for a gardening club activity for the community. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The company is registered as a charitable company limited by guarantee and is constituted by a Memorandum of Association dated 16 February 2011. |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Recruitment and appointment of new trustees |
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association. |
Organisational structure and decision making |
The Trustees delegate the day to day responsibility for the organisation to the Chief Officer. |
Risk management |
The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Mr I D Pascall |
McCabe Ford Williams |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
Bankers |
National Westminster Bank Plc |
31 High Street |
DEAL |
Kent |
CT14 6EW |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) |
REPORT OF THE TRUSTEES |
FOR THE YEAR ENDED 31 MARCH 2024 |
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
AGE CONCERN DOVER LIMITED |
Independent examiner's report to the trustees of Age Concern Dover Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Mr I D Pascall |
McCabe Ford Williams |
Chartered Accountants |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
15 November 2024 |
AGE CONCERN DOVER LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) |
FOR THE YEAR ENDED 31 MARCH 2024 |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3 |
Charitable activities |
Cards, wool and miscellaneous | 4,090 | - | 4,090 | 3,190 |
Dementia support | 2,065 | 83,635 | 85,700 | 98,794 |
Diabetes Peer Support | - | 2,200 | 2,200 | - |
Other trading activities | 4 |
Investment income | 5 |
Total |
EXPENDITURE ON |
Charitable activities | 6 |
Cards, wool and miscellaneous | 4,274 | 290 | 4,564 | 4,743 |
Household support | - | 61,449 | 61,449 | 48,726 |
Dementia support | 11,730 | 103,425 | 115,155 | 77,304 |
Diabetes Peer Support | - | 2,200 | 2,200 | - |
Other |
Total |
Net gains/(losses) on investments | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | 18 | 15,067 | (15,067 | ) | - | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 395,278 |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 12 |
Investments | 13 |
CURRENT ASSETS |
Stocks | 14 |
Debtors | 15 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 16 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 18 |
Unrestricted funds | 316,382 |
Restricted funds | 78,896 |
TOTAL FUNDS | 395,278 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) |
BALANCE SHEET - continued |
31 MARCH 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Age Concern Dover Limited is limited by guarantee and registered in England and Wales. The members of the charitable company are the Trustees named in the Report of the Trustees. In the event of the charitable company being wound up, the liability of each member is limited to £1. The charitable company's registered number and registered office address can be found in the Report of the Trustees. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. |
The financial statements have been prepared on a going concern basis. There are no material uncertainties which cast doubt on the charitable company's ability to continue as a going concern. |
Preparation of consolidated financial statements |
The financial statements contain information about Age Concern Dover Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Income |
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. |
Government grants which are revenue based grants are recognised as income over the periods in which the related expenditure is incurred. Grants for the purpose of giving immediate financial support with no related future costs are recognised as income when receivable. |
No amounts are included in the financial statements for the services donated by volunteers. |
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. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold property | - |
Furniture and fixtures | - |
Motor vehicles | - |
Computer equipment | - |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. |
Investments |
Fixed asset investments are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the Statement of Financial Activities. |
3. | DONATIONS AND LEGACIES |
2024 | 2023 |
£ | £ |
Donations - general |
Donation from Dover Age Concern Limited |
Grants |
During the year the charitable company received various government grants which are included in the above. £48,570 (2023 - £84,900) was received from Dover District Council and £100 (2023 - NIL) was received from Dover Town Council. |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | OTHER TRADING ACTIVITIES |
2024 | 2023 |
£ | £ |
Fundraising events |
Hall hire | 3,274 | 1,535 |
5. | INVESTMENT INCOME |
2024 | 2023 |
£ | £ |
Dividends receivable | 1,612 | 1,612 |
Deposit account interest |
6. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see | Support |
note 7) | costs | Totals |
£ | £ | £ |
Information and advice service | 714 | - | 714 |
Sales of meals | 75,254 | 77,139 | 152,393 |
Sales of snacks | 14,636 | 7,448 | 22,084 |
Transport | 2,265 | 1,333 | 3,598 |
Personal care | - | 5,623 | 5,623 |
Cards, wool and miscellaneous | 1,161 | 3,403 | 4,564 |
Household support | 18,800 | 42,649 | 61,449 |
Dementia support | 84,443 | 30,712 | 115,155 |
Diabetes Peer Support | - | 2,200 | 2,200 |
197,273 | 170,507 | 367,780 |
7. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2024 | 2023 |
£ | £ |
Staff costs | 124,939 | 113,823 |
Minibus expenses | 1,606 | 1,308 |
Travel expenses | 6,645 | 9,336 |
Purchases and consumables | 64,038 | 54,239 |
Bad debts | 45 | - |
197,273 | 178,706 |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2024 | 2023 |
£ | £ |
Depreciation - owned assets |
Hire of plant and machinery | 511 | 513 |
Deficit on disposal of fixed assets |
Independent examiners fees | 3,426 | 2,016 |
9. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. |
Trustees' expenses |
During the year expenses totalling £699 (2023 - £1,014) were paid to one trustee (2023 - two trustees). |
10. | STAFF COSTS |
2024 | 2023 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
221,618 | 208,684 |
The average monthly number of employees during the year was as follows: |
2024 | 2023 |
. |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Cards, wool and miscellaneous | 3,190 | - | 3,190 |
Dementia support | - | 98,794 | 98,794 |
Other trading activities |
Investment income |
Total |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
11. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
Unrestricted | Restricted | Total |
funds | funds | funds |
£ | £ | £ |
EXPENDITURE ON |
Charitable activities |
5,519 | - |
Cards, wool and miscellaneous | 3,882 | 861 | 4,743 |
Household support | - | 48,726 | 48,726 |
Dementia support | - | 77,304 | 77,304 |
Other |
Total |
Net gains/(losses) on investments | ( |
) | ( |
) |
NET INCOME/(EXPENDITURE) | ( |
) |
Transfers between funds | 3,202 | (3,202 | ) | - |
Net movement in funds | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 339,218 | 18,064 |
TOTAL FUNDS CARRIED FORWARD | 316,382 | 78,896 | 395,278 |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
12. | TANGIBLE FIXED ASSETS |
Furniture |
Freehold | and | Motor | Computer |
property | fixtures | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 April 2023 |
Additions |
Disposals | ( |
) | ( |
) |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
13. | FIXED ASSET INVESTMENTS |
Shares in |
group | Listed |
undertakings | investments | Totals |
£ | £ | £ |
MARKET VALUE |
At 1 April 2023 | 55,450 |
Revaluations | 5,019 |
At 31 March 2024 | 60,469 |
NET BOOK VALUE |
At 31 March 2024 | 2 | 60,467 | 60,469 |
At 31 March 2023 | 2 | 55,448 | 55,450 |
There were no investment assets outside the UK. |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Registered office: Riverside Centre, Maison Dieu Gardens, Dover, Kent, CT16 1RL. |
Nature of business: Retail sale of second hand goods |
% |
Class of share: | holding |
£ | £ |
Aggregate capital and reserves |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
14. | STOCKS |
2024 | 2023 |
£ | £ |
Stocks |
15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
16. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Social security and other taxes |
Other creditors |
Accruals and deferred income |
17. | ANALYSIS OF NET ASSETS BETWEEN FUNDS |
2024 | 2023 |
Unrestricted | Restricted | Total | Total |
funds | funds | funds | funds |
£ | £ | £ | £ |
Fixed assets | 175,596 | - | 175,596 | 163,670 |
Investments |
Current assets |
Current liabilities | ( |
) | ( |
) | ( |
) | ( |
) |
367,761 | 33,068 | 400,829 | 395,278 |
18. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.4.23 | in funds | funds | 31.3.24 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 316,382 | 36,312 | 15,067 | 367,761 |
Restricted funds |
Sundry Grants Fund | 6,375 | 8,692 | (15,067 | ) | - |
Volunteer Fund | 9,594 | (6,784 | ) | - | 2,810 |
Household Support Fund | 43,137 | (12,879 | ) | - | 30,258 |
Dementia Support | 19,790 | (19,790 | ) | - | - |
(30,761 | ) | ( |
) |
TOTAL FUNDS | 5,551 | 400,829 |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
18. | MOVEMENT IN FUNDS - continued |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 216,234 | (184,941 | ) | 5,019 | 36,312 |
Restricted funds |
Sundry Grants Fund | 11,099 | (2,407 | ) | - | 8,692 |
Volunteer Fund | - | (6,784 | ) | - | (6,784 | ) |
Household Support Fund | 48,570 | (61,449 | ) | - | (12,879 | ) |
Dementia Support | 83,635 | (103,425 | ) | - | (19,790 | ) |
Elderly and Isolated | 10,000 | (10,000 | ) | - | - |
Diabetes Peer Support | 2,200 | (2,200 | ) | - | - |
( |
) | (30,761 | ) |
TOTAL FUNDS | ( |
) | 5,551 |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.4.22 | in funds | funds | 31.3.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 336,401 | (31,721 | ) | 11,702 | 316,382 |
Minibus fund | 2,817 | 5,683 | (8,500 | ) | - |
339,218 | (26,038 | ) | 3,202 | 316,382 |
Restricted funds |
Covid 19 Support Fund | 321 | (321 | ) | - | - |
Sundry Grants Fund | (800 | ) | 7,175 | - | 6,375 |
Volunteer Fund | 5,178 | 4,416 | - | 9,594 |
Household Support Fund | 13,365 | 31,274 | (1,502 | ) | 43,137 |
Dementia Support | - | 21,490 | (1,700 | ) | 19,790 |
18,064 | 64,034 | (3,202 | ) | 78,896 |
TOTAL FUNDS | 357,282 | 37,996 | - | 395,278 |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
18. | MOVEMENT IN FUNDS - continued |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Gains and | Movement |
resources | expended | losses | in funds |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 164,305 | (193,845 | ) | (2,181 | ) | (31,721 | ) |
Minibus fund | 6,445 | (762 | ) | - | 5,683 |
170,750 | (194,607 | ) | (2,181 | ) | (26,038 | ) |
Restricted funds |
Covid 19 Support Fund | - | (321 | ) | - | (321 | ) |
Sundry Grants Fund | 15,294 | (8,119 | ) | - | 7,175 |
Volunteer Fund | 10,375 | (5,959 | ) | - | 4,416 |
Household Support Fund | 80,000 | (48,726 | ) | - | 31,274 |
Dementia Support | 98,794 | (77,304 | ) | - | 21,490 |
Elderly and Isolated | 9,250 | (9,250 | ) | - | - |
213,713 | (149,679 | ) | - | 64,034 |
TOTAL FUNDS | 384,463 | (344,286 | ) | (2,181 | ) | 37,996 |
The Household Support Fund represents grants received from Dover District Council to support families and over 50's in food and / or fuel poverty over the winter months. |
The Volunteer Fund represents grants received from Age UK Hythe & Lyminge for volunteer related expenses. |
The Sundry Grants Fund represents the following grants received in the year: |
£9,999 National Lottery for refurbishment of the kitchen. |
£1,000 Social Enterprise Kent for a community Christmas celebration. |
£100 Dover Town Council for a King's Coronation party. |
The Elderly and Isolated Fund represents grants received from the Kent Community Foundation to assist with the running of the snack bar and meal delivery service. |
The Dementia Support Fund represents funding received to deliver KCC/CCG Post Diagnostic Dementia Services. |
The Diabetes Peer Support Fund represents funding received to deliver a diabetes peer to peer support group service. |
Transfers between funds |
The transfer represents the purchase of fixed assets which satisfies the restrictions placed on the grants received. |
AGE CONCERN DOVER LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
19. | RELATED PARTY DISCLOSURES |
The Articles of Association of the charitable company's subsidiary, Dover Age Concern Limited, require it to gift all of its profits to the charitable company. The amount receivable during the year amounted to £52,480 (2023 - £42,761). At the balance sheet date the sum of £2,480 (2023 - £7,761) was owed to the charitable company. |