2021-03-31-accounts - Age UK Exeter

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			Page
Trustees
Reference and administrative		details ofthe charity and advisers
Trustees' report			3-10
Independent auditors'	report		11-13
Statement offinancial	activities		14
Balance sheet			15
Statement ofcash flows			16
Notes tothe financial	statements		17-34

Company	registered	registered
number			2703636
Chadty registered
number			1010973
Registered		office	The Sycamores
			Mount Pleasant Road
			Exeter
			EX4 1AE
Company	secretary		Martyn Rogers
Senior management			Martyn Rogers - Chief Executive		(retired		1 October 2021)
team			Nicky Flyn - Chief Executive (appointed				4 October 2021)
			Caroline Aird - Services	Manager	(resigned 26 March 2021)
Independent		auditors	Thomas Westcott
			Chartered Accountants
			Timberly
			South Street
			Axminster
			EX135AD
Bankers			Santander
			Milford House
			Pynes Hill
			Exeter
			EX25AZ
Investment		managers	Hawksmoor Investment	Management		Limited
			17 Dix's Field
			Exeter
			EX1 1QA

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
	Note	2021 f	2021 6	2021f	2020 8
INCOME FROM:
Donations and legacies	2	525,130	177,082	702,212	350,791
Charitable activities	5		502,385	502,385	1,061,949
Other trading activities	3		12,522	12,522	64,179
Investments	4		1,776	1,776	3,806
TOTAL INCOME		525,130	693,765	1,218,895	1,480,725
EXPENDITURE ON:
Raising funds:
Voluntary income			10,780	10,780	58,433
Investment management			1,000	1,000	1,109
Charitable activities:
Service delivery	7	405,174	685,385	1,090,559	1,393,773
Governance	10		6,929	6,929	7,450
TOTAL EXPENDITURE		405,174	704,094	1,109,268	1,460,765
NET INCOME / (EXPENDITURE) BEFORE
INVESTMENT GAINS/(LOSSES)		119,956	(10,329)	109,627	19,960
Net gains/(losses) on investments	14		28,962	28,962	(14,442)
NET INCOME BEFORETRANSFERS		119,956	18,633	138,589	5,518
Transfers between Funds	19	(466,917)	466,917
NET INCOME / (EXPENDITURE)		(346,961)	485,550	138,589	5,518
NET MOVEMENT IN FUNDS		(346,961)	485,550	138,589	5,518
RECONCILIATION OF FUNDS:
Total funds brought forward		375,655	414,630	790,285	784,767
		28,694	900,180	928,874	790,285
TOTAL FUNDS CARRIED FORWARD

				2021		2020
		Note		6		E
FIXEDASSETS
Tangible assets		13		698,608		407,401
Investments		14		153,595		124,312
				852,203		531,713
CURRENT ASSETS
Debtors		15	85,752		100,395
Cash at bank and	in hand		177,617		308,895
			263,369		409,290
CREDITORS: amounts		falling due within
one year		16	(92,111)		(50,718)
NET CURRENT ASSETS				171,258		358,572
TOTAL ASSETS LESS		CURRENT LIABILITIES		1,023,461		890,285
CREDITORS: amounts		falling due after
more than one year		17		(94,587)		(100,000)
NET ASSETS				928,874		790,285
CHARITY FUNDS
Restricted funds		19		28,694		375,655
Unrestricted funds		19		900,180		414,630
TOTAL FUNDS				928,874		790,265

						2021	2020
					Note	F
Cash flows from operating		activities
Net cash	provided by operating activities				21	184,129	91,240
Cash flows from investing		activities:
Dividends,	interest and rents	from investments				1,776	3,806
Proceeds	from the sale oftangible fixed		assets			6,133
Purchase	oftangible fixed assets					(322,994)	(3,103)
Proceeds	from sale of investments					1,000	1,109
Purchase	of investments					(1,322)	(1,432)
Net cash	(used in)/provided	by investing		activities		(315,407)	380
Cash flows from financing		activities:
Cash inflows from new borrowing							100,000
Net cash	provided by financing activities						100,000
Change	in cash and cash	equivalents	in	the year		(131,278)	191,620
Cash and cash equivalents		brought forward				308,895	117,275
Cash and cash equivalents		carried forward			22	177,617	308,895

The Trustees are very grateful to	the following	the following	the following	organisations	that have provided	grants:
						2021	2020
						6	6
Age UK						72,789	27,409
Belsize Trust						880	3,600
Bernard Sunley Foundation						15,000
Citizens Advice Bureau						11,212
Clare Milne Trust							8,000
Clothworkers Foundation						10,000
David Gibbons Foundation							1,500
Devon Community Foundation						7,419	25,000
Devon Community Foundation - Wellbeing			Exeter			96,779	75,807
Devon County Council - Reaching	People		Pilot				1,801
Devon County Council - Dementia	Support		Grant				1,000
Devon County Council - COVID response			and	infection control		10,513
The ExPat Foundation							15,000
Edward Gostling Foundation						10,000
Exeter City Council - COVID-19						74,431	3,000
Exeter City Council - West Exe Centre						5,000	11,200
Exeter City Council Ward grant							300
The Frognal Trust							1,000
Government furlough scheme					130,029		2,889
Innovations in Dementia (DEEP network)						907
Jamieson Bystock Trust						3,000
The McClay Dementia Trust							14,000
The National Lottery Community	Fund				167,080		10,000
The Pargiter Trust							25,000
Persimmon Charitable Foundation						2,000
The Phoebe Wortley-Talbot Charitable		Trust				18,333	62,500
Western Power Distribution						750
The Winham Foundation							3,000
J5 M Wooton Charitable Trust						2,500
OPCC - Victim Care Support						3,000	2,959
Total					641,622		294,965

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
				E	6	6	5
Income from	property		lettings				1,120
Income from	UK listed		investments		1,322	1 322	1,432
Bank interest	received				454	454	1,254
					1,776	1,776	3,806
Total 2020					3,806	3,806
INCOME FROM CHARITABLE ACTIVITIES
				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
					5	5	F
Day opportunities					116,592	116,592	518,597
Community	support	services			330,540	330,540	475,128
Advice, information		and advocacy			55,253	55,253	68,224
					502,385	502,385	1,061,949
Total 2020					1,061,949	1,061,949

COSTS OF RAISING FUNDS
	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	E	6	5
Expenses		652	652	24,828
Staff costs		10,128	10,128	33,605
		10,780	10,780	58,433
Total 2020		58,433	58,433

ANALYSIS	OF EXP	ENDITURE B	YACTIVITIE	S
				Direct	Support
				costs	costs	Total	Total
				2021	2021	2021	2020
				E	6		6
Day opportunities				235,351	130,179	365,530	666,169
Community	support	services		454,777	189,145	643,922	651,072
Advice, information		and advocacy		57,331	23,776	81,107	76,532
Total2021				747,459	343,100	1,090,559	1,393,773
Total2020				1,048,880	344,693	1,393,773
DIRECT COSTS
					Advice,
			Day	Community	information
			opportun-	support	and	Total	Total
			ities	services	advocacy	2021	2020
			6	6	6	6
Expenses			795	12,973	140	13,908	50,441
Operating costs			4,610	630	174	5,414	33,964
Catering expenses			21			21	27,652
Day care meals subsidy							215
Central costs			1,432	863	363	2,658	6,889
Fundraising							1
Premises			16,903	3,614	1,104	21,621	43,500
Maintenance			2,677	516	90	3,283	9,303
Bad debts				511		511	1,559
Training			605	482		1,087	1,069
Wages and	salaries		195,840	406,840	51,511	654,191	805,627
National insurance			5,300	14,649	1,851	21,800	30,524
Pension cost			4,826	13,699	2,098	20,623	26,716
Depreciation			2,342			2,342	11,420
			235,351	454,777	57,331	747,459	1,048,880
Total 2020			488,402	501,438	59,040	1,048,880

SUPPORT	COS	TS
					Advice,
			Day	Community	information
			opportun-	support	and	Total	Total
			itiesf	servicesf	advocacyf	2021f	2020
Expenses		a	264	509	64	837	6,875
Operating	costs	a	1,797	3,474	438	5,709	10,514
Central costs		a	13,232	25,576	3,224	42,032	33,584
Premises		b	26,118	6,873	701	33,692	35,824
Maintenance		c	10,844	2,090	364	13,298	12,739
Financial		a	148	287	36	471	795
Training		a	170	327	41	538	2,652
Wages and
salaries		a	61,525	118,926	14,990	195,441	213,096
National
insurance		a	4,519	8,735	1,101	14,355	11,754
Pension cost		a	4,223	8,163	1,029	13,415	8,709
Depreciation		a	7,339	14,185	1,788	23312	8,251
			130,179	189,145	23,776	343,100	344,893
Total 2020			177,767	149,634	17,492	344,893

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2021 f	2021 f	2021 F	2020f
Auditors'	remuneration		3,840	3,840	3,510
Wages	and salaries		3,089	3,089	3,940
			6,929	6,929	7,450

TANGIBLE FIXEDASSETS
		Short Term
	Freehold	Leasehold	Motor	Fixtures and	Office
	property	Property	vehicles	fittings	equipment
	E	6	F	E	E
COST
At 1 Apdl 2020	371,'712	57,665	8,637	40,113	16,567
Additions	299,939			1,987	21,068
Disposals		(57,665)		(800)
At 31 March 2021	671,651		8,637	41,300	37,635
DEPRECIATION
At 1 April 2020		38,185	2,159	37,578	9,371
Charge for the year			2,159	1,186	8,612
On disposals		(38,185)		(450)
At 31 March 2021			4,318	38,314	17,983
NET BOOK VALUE
At 31 March 2021	671,651		4,319	2,986	19,652
At 31 March 2020	371,712	19,480	6,478	2,535	7,196
					Total
COST
At 1 April 2020					494,694
Additions					322,994
Disposals					(58,465)
At 31 March 2021					759,223
DEPRECIATION
At 1 Ap5l 2020					87,293
Charge for the year					11,957
On disposals					(38,635)
At 31 March 2021					60,615
NET BOOK VALUE
At 31 March 2021					698,608
At 31 March 2020					407,401

FIXEDASSET INVESTMENTS
	Listed
	securrtras
	E
MARKET VALUE
At 1 April 2020	124,312
Additions	1 322
Disposals	(1,000)
Revaluations	28,961
At 31 March 2021	153,595
HISTORICAL COST	126,346

MATERIAL INVESTMENTS	MATERIAL INVESTMENTS
					31 March	31 March
					2021	2020
					6	E
Hawksmoor Vanburgh					30,749	26,604
Hawksmoor Distribution					32,725	26,247
Hawksmoor Opportunities					37,425	25,389
Fundsmith Equity LLP					9,449	7,707
Cash held as part ofinvestment		porffolio			3,048	7,459
All investments are held	in the	United	Kingdom.
DEBTORS
					2021	2020
Debtors arising from operations					70,693	92,104
Amounts owed by undertakings		in which the company		has a
participating interest						2,780
Legacies due					8,863
Other debtors					3,318	2,888
Prepayments and accrued income					2,878	2,623
					85,752	100,395

CREDITORS: AMOUN		TS	FALLING D	UE WITHIN ONE YEAR
					2021	2020
					5	6
Social investment loan					5,413
Creditors arising from	operations				7,622	7,116
Other taxation and social			security		26,700	22,892
Pension contributions	payable				4,802	5,976
Accruals and deferred		income			47,574	14,734
					92,111	50,718
CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					2021f	2020
Social investment loan					94,587	100,000
Included within the above			are amounts	falling due as follows:
					2021	2020
					6
BETWEEN ONE AND		TWO YEARS
Social investment loan					22,689	22,270
BETWEEN TWO AND		FIVEYEARS
Social investment loan					71,898	77,730

					2021	2020
Financial	assets measured		at amortised cost		260,491	405,599
Financial	liabilities	measured	at amortised	cost	150,812	117,758

STATEMENT OF	FUNDS	- CURRENT YE	AR
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2020	Income	Expenditure	in/out	(Losses)	2021
			6	6	6	6
DESIGNATED FUNDS
Fixed Assets		163,809			434,799		598,608
GENERAL FUNDS
General Funds		250,821	693,765	(704,094)	32,118	28,962	301,572
Total Unrestricted	funds	414,630	693,765	('704,094)	466,917	28,962	900,180
RESTRICTED FUNDS
Sycamores Fund		243,592			(243,592)
Capital Projects		103,000	125,000		(199,939)		28,061
Dementia Carer Support		18,500	11,372	(29,872)
Hardship and Amenity		563	500	(430)			633
Furlough scheme			130,029	(130,029)
Infection control and
COVID safety			10,254	(10,254)
Information/Advice			25,388	(25,388)
Men in Sheds		10,000	22,376	(32,376)
Merger and relocation			80,580	(57,194)	(23,386)
Social Support			14,827	(14,827)
Supporting Victims of
Crime			3,000	(3,000)
We8being Exeter			96,804	(96,804)
West Exe Centre			5,000	(5,000)
		375,655	525,130	(405,174)	(466,917)		28,694
Total offunds		790,285	1,218,895	(1,109,268)		28,962	928,874
STATEII/IENT OF FUNDS		- PRIOR YEAR
							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2019	Income	Expenditure	in/out	(Losses)	2020
		F	E	F			E
DESIGNATED FUNDS
Fixed Assets		180,377			(16,568)		163,809
Service Support	Fund	85,000			(85,000)
		265,377			(101,568)		163,809
General Funds		257,699	1,210,850	(1,304,854)	101,568	(14,442)	250,821

19. STATEMENT OF FU	NDS (continue	d)
RESTRICTED FUNDS
Sycamores Fund	243,592				243,592
Budding Friends		25,638	(7,138)		18,500
Capital Projects		103,000			103,000
Community Activities		368	(368)
Dementia Day Service		360	(360)
East Exe Day Senrice		234	(234)
Hardship and Amenity		530	(78)		563
Furlough scheme		2,889	(2,889)
Information/Advice		2,195	(2,195)
Men in Sheds		37,921	(27,921)		10,000
Reach Fund	10,296		(10,296)
Reaching People		1,801	(1,801)
Social Support	5,000	3,044	(8,044)
Supporting Victims of
Crime	2,692	2,959	(5,651)
Wellbeing Exeter		76,536	(76,536)
West Exe Centre		12,400	(12,400)
	261,691	269,875	(155,911)		375,655
Total offunds	784,767	1,480,725	(1,460,765)	(14,442)	790,285

							Balance at
		Balance at			Transfers	Gains/	31 March
		1 April 2020 5	Income 6	Expenditure	in/outf	(Losses) F	2021 5
Designated	funds	163,809			434,799		598,608
General funds		250,821	693,765	(704,094)	32,118	28,962	301,572
		414,630	693,765	(704,094)	466,917	28,962	900,180
Restricted	funds	375,655	525,130	(405,174)	(466,917)		28,694
		790,285	1,218,895	(1,109,268)		28,962	928,874

				Restricted	Unrestricted	Total
				funds	funds	funds
				2021	2021	2021
				6	E	E
Tangible fixed assets					698,608	698,608
Fixed	asset investments				153,595	153,595
Current assets				28,694	234,675	263,369
Creditors due within one year					(92,111)	(92,111)
Creditors due in more than		one year			(94,587)	(94,587)
				28,694	900,180	928,874
ANALYSIS OF NET ASSETS BETWEEN			FUNDS - PRIOR YEAR
				Restricted	Unrestricted	Total
				funds	funds	funds
				2020	2020	2020
					6	E
Tangible fixed assets				243,592	163,809	407,401
Fixed	asset investments				124,312	124,312
Current assets				132,063	277,227	409,290
Creditors due within one year					(50,718)	(50,718)
Creditors due in more than		one year			(100,000)	(100,000)
				375,655	414,530	790,285
21.	RECONCILIATION	OF NET MOVEMENT		IN FUNDS TO NET CASH FLOW FROM OPERATING
	ACTIVITIES
					2021	2020
						6
	Net income for the year (as per Statement			of Financial Activities)	138,589	5,518
	Adjustment for:
	Depreciation charges				11,957	19,571
	(Gains)/losses on investments				(28,961)	14,442
	Dividends, interest and rents from		investments		(1,776)	(3,806)
	Decrease in debtors				14,643	64,863
	Increase/(decrease)	in creditors			35,980	(9,448)
	Loss on disposal of	fixed assets			13,697
	Net cash provided	by operating	activities		184,129	91,240

ANAL	YSIS OF CASH AND CASH EQUIVALENTS
		2021	2020
		E
Cash	in hand	600	1,080
Notice	deposits (less than 3months)	177,017	307,815
Total		177,617	308,895

			Land and buildings	Land and buildings		Other
			2021	2020	2021	2020
			6			F
AMOUNTS		PAYABLE:
Within	1 year			2,900