COMPANY REGISTRATION NUMBER: 2703636 CHARITY REGISTRATION NUMBER: 1010973 AGE UK EXETER Company Llmlted by Guarantee Financial Statements 31 March 2022 ABG4DNVE 05111r2022 COMPANIES HOVSE
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AGE UK EXETER Company Llmited by Guarantee Financial Statements Year ended 31 March 2022 Page Trustees, annua report (incorporating the director's report) Independent authtofs report to Ihe rnenerS Stalement of finanLial activities (induding income and expenditure account) 10 14 Statement of finanaal position Statement of cash flows .15 17 Notes to the financial slatemenls 18
AGE UK EXETER Company Llmited by Guaranlee Truslees. Annual Report (Incorporating the Direcior's Report} Year ended 31 March 2022 The Ifusiees, who are also the directors for Ihe wrposes of c(Mnpany law, present their rewf and the financial slatements of the charity for the year ended 31 March 2022. Referen and adminlstratlve detalls Reglstwed charity name Age UK Exetef Charfty reglslration number 1010973 Company registrntlon number 2703636 Prlnclpal office and reglslered The Sycamores offlce Mount Pleasant Road ' Exeter .EX1 1AE The Irustees Vaughan Pearce. Chair John Cartridge. Chair Tim Borton, TreasUr Peter 8rew Laura Hobbs Lesley Robson Norman Shiel Gavin Ball Ross Bright Lydia Ward (Resigned 31 Ath3USt 20221 IResigr*d 31 March 20221 {Resigneil 14 June 2022} {Resigned 14 January 2022) (Appointed 9 August 20221 {AFP)inted 14 April 20221 {Appointed 14 June 2022) Company secrelary Nicole Flynn Auditor Westcotts Chartered accountants & statulory auditor Timber1y South Street .Axminster Devon England EX13 SAD Banker Sanlander Milford House Pynes Hill Exeter Oevon EX2 5AZ Investment manager Hawksmoor Irfvestment Management Mited 17 Dix's Field Exeler Devon EX1 1QA
AGE UK EXETER Company Limited by Guarantee Truee$. Annual Report (Incorporating the Direclorfs Report) (contlnwd) Year ended 31 March 2022 Structure• govemance and marwgemenl ConstRutlon The charity is registered as a charilable company limiled by guarantee and was set up by a Memorandum of Association on 3 April 1992. The principai objects ol the charty are to work lo improve later life lor everyone in and around Exeter by providing life enhancing seNices and vital support. There have been no changes in the objectives since ihe last annual rep)rt. Method of appolnlment ol Irustees The directors of the ¢¢ynpany are also charity trustees for the purposes of Charity law. Under the fequiremenis of the Memorandum and Artides of ASS(latiOn the trustees shall be not less than live. Charity trustees shall hold olfice for an inilial lemi of three years aTrJ may be reappointed lor further lerms of Ihree years each. save that Ihe Chair may only sefve for a maximum ol six consecutive years. The Board of Trustees seeks to ensure that aarenesS of the needs of"older Feople in Exeter and the best interests ol the charity are reflected in the makeup of the trustee boty by recruiting members wth appropriate experience, knedge and exper1ise. This irtludes heth and social care, legal, social policy, HR, tryjsiness, and financial expertise. The Irustees monitor the S11 mix and represeniation ol the Board ai regular intervals lo inform its recruitment process. In Ihe event of skills being losl due lo end ol service or retiremeni, individuals are approached to ofler theMSeeS lor election to Ihe Board or vacancies are advertised in the local press and on social media. Policies adopted for Inductlon and tralnlng of Irustees New Iruslees spend time wth the CEO and thIn the CganIsatIon,5 services to recL4ve an ovefview ol the organisalion and gel a feel lor ils euEture and VI$. Key dCMentS such as the MemoraThdum and Articles of Association, last audited accourtts, most recenl management accounts. Annual Review, current year's budget arKI inlfymalion at1 fthure F4ans and objeclrves are given and discussed. New Iruslees also e1ve InfOallOn from ihe Charity Commission on the responsibilities of Iruslees. In In addition lo this. dl w truslee$ are invited lo attend the induction seminars that are lun lor all new staff and volunteers. Trustees also have th& ¢¥JFJOrtunity to attend Televant exlemai traning courses provided by the Charity Comfni5sion, the local Counul lor Voluntary SeNice and Age UK. Pay policy for senlor slaff The Finance C¢xnmittee reviews the saleS of sehior staff and makes recommendations lo the Board. tan9 into account market informion, and CO of living and wage iThdices. Organlsatlonal slruclure and declslori"ftMklng The charity has a Board ol Trustees who rheet monthly a1 are resFKinble for the strateg direclion and policy Df Ihe charity..On March 2022 Ihe Board Ilad 6 members from a variety of backgrour#Js relevant 10 the Work of the Charity. 11 also had a Finahce Sub Committee made up of 4 members of the 8oard, induding the Treasurer. Chair, CEO, and Fihance Manager. This committee meets monthly and reports lo the man Board. It dso had a StaThJaTds Committee, with 5 members comprising 3 Iwstees. the CEO and the Systems arKI Qualty Assurahce Manager. This committee was 51oOd down for most ol this year as the Board thet Monihly and the V+Drk of this committee was included wthin it. This committee has now evolv&J into the Aisk and tsuality Committee ihai meets every two mohlhs and feeds into the rhain Board. The CEO has over1 responsibility for the organisation, the Governance Ollicer nas oversight governahce ol the charity and the Finance Mahagei Ilas resportsibility tor maintairfig finar)cial prtxedures", the priKluclion of monthly
AGE UK EXETER Company Llmlted by Guaramee Trustees. Annual Report (Incorporallng the Dlrectorfs Report) (carythiwd) Year ended 31 March 2022 management accounls. staff payrdl arKI for personnel funclions. Related Parties Age UK Exeter wo5 th t#)Ih Derfon County Counctfs A11 and C(ynmunity SeNices Directorate and with Devon NHS. through our local clinic Commissioning Group, the RD&E Hosptd Trust and Exeter Primary. Care. The charity dso enjoys dose links wlh Exeter City Council and has good working relationships wilh relevant local charthes. The charity seeks lo inform Ihe devetowenl, design and delivery of local services lof the benefit ol dder ar¥J dso lo campaign on issues of loc importance. The CEO attends occasiond meetings ot Age UK organisations and groups in Devon where common issues arKI new iniliatp4es can be shared and the CEO and a nominated Iruslee attend the quarterly Southwest regional meetirNJs of Age UK in order to keep abreast of regional and national issues ol relevance. Age UK Exeter is a brand partner ol Age UK and a member of the Age UK England Association. Age UK Exeter is su'ecl to Age UK'S qU11Y assurance scheme lo ensure go(MJ quality standards across the Age UK netwoth. HR support and guidance is provided by a nalional contract lunded by Age UK and provided by Stephens Scown solicitors. HR Express service. Rlsk Managem1 The trustees acknowledge that risk management is responsibilty of lh& Board of Trustees. The" .Boaid has therefore agreed a Risk Management Policy which banCeS the charity's need to lake risks in pursuance ol ils charitable wrposes wth their duty to ensure Ihal the charity's financial and legal starKiiryJ aThJ.the quality arKJ safety of ils operations are not compromised. The new Risk and Qualrty Commtttee lakes resp)nsibllty for ¢pIll and upjating the Risk Register in consultation wth the Governance Olfi¢er, Finan Committee and the CEO. The Board also reviews the Risk Register al every meeting. The Board, in consullalion with the CEO agree the actions necessary to mitigate risk arKI these fom part of the stralegic and operational plan lor the following year. Finanaal management accounts are prtyJu¢ed on a monttrdy ba's and include income and expenditure against budgel, income and expenditure by service aTrJ cosl<enlre, balance sheet and aged deblovs summary. The Finance CMillee review6 perfonnance based on this delwled inlormion each month arxl rewrts to the full Board after e&h ol ils meetings. Our treasurer retired on the 31st March 2022. and we currently have independent oversight from Stuart Carringlon. from Weslcotts. wtho are our audilors. Stuart is attending Finance Committee meetings quarterty and has regular liaison V•ilh the finance team. Havthsmtr)r inve5tm&nls manage the charity's investment portfolio as has been the case for a number of years now. This fund is managed in1Sne wlh our chosen risk. relurn and iTwestment wlicy and reFQrting is received quartedy with an online mirtal allowing viewng of value at any time. Internal risks are minimised by the implementation of Fxocedures for aulhorisation ol all fransactions and projects and a syslem of regular supervision and appraisal is in place lo ensure consislent quality of delivery of all operational aspects of the charity. Ernoyment risks have been minimised by accessing Stephens and Scown Solicilors whom we access via Ag8 UK. The Board has also developed and approved a range of wlicies to meet the governance. legal aThS best practice needs of the charity, atMI Ihese have been imFAwnenled during the course ol the year. Major risks identified by the processes delailed above have been exnined and controls introduced where necessary to mitigale those risks. However. it Should be emphasised that these controls Can only provt¢Je reasonable but not atsdute assuran Ihat risks have been adequately miligaled, given
AGE UK EXETER Company Limited by Guarantee Trustees, Annual Report {Incorporatlng ihe Dlrectorfs Report) (¢onthiua Year ended 31 March 2022 Ihe linancid un¢ert&nty of the charitaNe sector. Oblectlves arKI actlvllles PollcSe4 objectiv6s, and public benefit In selling objeclives and planning lor activrties, the trustees have gNen due consideration to general guidance published by Ihe Charity Commission relating to benelit. Age UK Exeter makes a px)sibve Contritrtiort to thè lives of (Ner 800 older people each week through the support services and opportunities we provide. We help older people to maintain ar+d enhance their quality ol life. make infomied choices, realise tPEir righls, and meet their care needs. Many ot these services are free, soffle are charged for, arKI some provided urthr contracts with Devon County Coun¢il and the RO & E Tr40sPltal Trusi. The charty's objectives are lo Yb)rk lo improve later life for everyone in Exeter by providng high quality SeICe5 and enabling cAder people to make the mo of life. Strategies for achieving objectives The strategy lo achieve Ih85e obiectives continuj lo be through the proviwn of suprA)rt and opm)rtunilies for older people wlh a wide Tange ol needs and seeking to ensure that the views and best interests of older people are taken into attouni by locd pjicy thakers. Actlvities for achieving objeclives This was achieved through the proviyon ol= - Services that provide meaningful and stimulating la1 contact and practical support in a raNJe of sellings. - Services that oller time-olf emotional and prathcd support to carer& - Services that promote older people's irKlependence. confidence. and selloe8M. - Inlomaiion and advice ihal enables inforned choices to be made and pr(oleS benefit entr(lement. - Services that promote older e0e'S physical and mental wellbeing. - A range ol leisure and leaming opportunrties that provide enjoyment and menil stimulalion. Services Ihal aim to help frail older people avtyd unnecessary hospitsl admissions. Services that hdp older people manage Ihr loty-tern conditions and gel the most of life. - Representing the wants and needs of local older peorAe lo locd decision makers. - Worknng in partnership with other aget)cies lo delNer services and influence service design. Volunteers Due lo continued pandemic corKlilions. 21122 was equally as challeroing as 20121. Many of Iné activities rem&ned dosed as we weie not able lo offer group activilies. In turh this re5ulie(l in a lower number of volunteers supwrting us. We Vre so grateful for the 130 who continued lo support people through the actwities Vbwe able.lo deliver sately. They tnAy are a resource. of.whi¢h Exeter Can be truly proud.
AGE UK EXETER Company Limited by Guarantee Trustees. Annual Report (Incorporallng the Dlrectorfs Report) (conllnuod) Year ended 31 March 2022 Achlovoments and perfomwi Review of Acllvilies The first part of Ihis fiscal year was aboul Ugging ttE leaks. running a recruitment campaign loi a new Chief Executive Oflicer (CEO) and keesyng the t1 afloat. No Lig decisions were made as il was fdt the new CEO should have scope and t* empo¥Ml to make those decisions in collaboration with Iruslees and slaff alike. Olher than day care, wtlhin Covid restridions. VR continued lo defNer all of our services, SUF)POrtlng over 500 clients per week. Our enabling servKe still supp)rted 2C(i Clients per week vrilh shopping to their door and when able. cleaning, and other enabling support. We continued to supwrt older people remotely thrijugh our befriending and cafeline seTvi¢e. Our 'Men in Sheds. shed. Nthen il was able to run. was supporting over 40 men who gave up their time 10 share their skills and ialents lo recycle tools. create incre¢le w00rk crafts and dfer seNtces to the community. We conlinued to receive funding for the 'HcMMe from Howtal, proiecl vthich supports people when they are discharged from hospital to a sMther Iransilion lo home. Our 'BLKkling FrierKls' allolmerrt project conlinl to suwort people Iwing with dementia arml their partners. Over the whole year we made just under 3.000 contxts pw month with older people, byhether that was lace to face or on the phone. We We gratelul for grants totalliThJ £120,857 (2021.. £511,593), indu(IrKJ sums Irom the Pho8b8 Wortley Tdbot Charitable Trust, Devon County and Exeter City Councils, The Belsize Trust no 2. Devon CommUtY FourKJation, Devon Voluntary Action. The Noman Family Trust and the Jamieson-Bystock TnJst. We also received lundirYJ Irom the Exeter Chief's charity. Ihe Exeter Foundation. and wefe delighted to be one of their designated chariknes ol the year. We began re¢ruilmenl for a new Chief Exe¢utNe ijflr aThJ Martyn Rogers successor. Nicky Flynn, started on 4th October 2021. Martyn Rogers retired on 31st October 2021 arKJ there are no words that can describe the de(fication, professionalisjn, and drive Ihat he devoted to the charty lor 30 years. He led it 4then it was thriving, ensuring Ihat older people were al the heart ot what we did. He led it wthen it was shrinking because of Covid and loss of contracts, but this continued to be his mantra.. He cared aboul older people. his stall, and volunteers and about the organisalion. He will be sorely missed, and his legacy V•411 rernn in place lor many years lo ccme. So. for the second half of the year. there began a new chapter. Nicky Flynn was charged th writing Ihe new strategy and seeing what seNtS were P(Ible relevant in a post pandemic world. There were challenges arourKI lost funding and as a re11 the workforce had reduced significantly. Nicky, th lull agreement ol the 8oard, recrutled to some key po$ to enable the intraslwcture of the organisalion lo grow. She spent time with slaff. trustees, and volvnleers to understand the journey Ihal people had been on and what their thoughls were on Ihe nexl stage. She started to fLXUS on where savings could be made and began the Iranglion lo digi14isalion lor Ihe home support team. She also started work on geiting the 'lnlormation and A(fvice' woject back lo Age UK Exeter. She has lots of plans and, with Martyn's mantra ol ensuring older people are al the cenlre of whal we do. hopes thai Ihe organisalion grobys inlo that il needs to be lor dder peoe currently and in the
AGE UK EXETER Company Limlted by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) leonllnuod) Year ended 31 March 2022 future. Fundraising acllvllles inrne generalion Our revenue giant income for the year was £120.857 which irtltxles £27,500 from the Phoebe Wortley Tabot Trusl lor our'men in Sheds, project as well as £7,451 from Devon Voluntary Action and £10.000 from the Oevon Community Foundation as well as many other smaller grants from local and national Irusls. We aso received £9,155 Irom the gcwemment lurlough scheme. Donations and memberstrp for the year toldled £21.647 {2021.' £48,988). legacies £68,02612021.' £11.6021 and lundraising events, which VEre manty externally organised on our behalf, £12.643 12021: £12,319). Income lor our Enabling arbj Home Support SeNice was £368.247 which was an increase of 10% on last year however this was 111 stgnificanlly below pre covid levels ol activity. Infofmalion. athice. and athocaw incwie dropped a further 1 OVc lo £49.611, this was after a 20% . drop in the previous annum. Our Men in Sheds projttt recorded sales of just over £47.700 despile periods ol lockdo% and very reduced trading options., Ihis was belween sales from our Paris Street shop and direct IrcAn the Shed on Wardrew Road. Investrnent pollcy and perforniance The Board ol Truslees has agreed ofi a policy of tth)Iding fixed interest, property. and ewily investmenis. The Board adheres 10 a medium risk investmertl policy. arKI the investments are managed on a discretionary basis by Hav$m00r Investment Managemenl. There have been no additions or hmlhdrawals Irwi our investment Fortfdio during the year, other than ihe ieinveslment ol dividends and the covering of management charges. The underlying investments irveased in value by £10.083 during the year, although this does include a loss ol E4.780 in the final quarter of 2021-22 due lo the outbreak of war in the Ukrane. 12020-21 an increase of £29,9621. There V•Ere investment management costs of £1.170 {20-21 £1.0001. The trustees have chosen to retain the irweslmeni income lo reinvèst to enhance capilal growih in the loThJer term.
AGE UK EXETER Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) (thlllnued) Year ended 31 March 2022 Flnanclal review Going ConceTn After making appropriate enquires, the trustees have a reasonable expectation that thè charily has adequate resources lo continue lor the foreseeable future. For this reason, they continue to athpt the going concern basis in preparing financial slatemenls." Reserves PolS¢y The Board of Trustees has delermined a policy that. vtherever possible. the charity should hold reserves ol investments and cash ewating lo no less than 3 months and no more than 6 months of the charity's overall running costs. Where services are at risk and need lo be sustained while new sources ol lunding are sought. the Board agrees thal reserves may fall below the level equating lo 3 monlhs running cosls but should not drop bdow the level of £200,WO wthout further aulhorisaiion from the Board. Expenditure for 2021122 was £712.208 and Iheretore reseNes should ideally stand ai no less than £178,052 and no more than £356.104. At 31. March 2022 the balance of the Charity's free reserrfes stood at just over £205,398. Financial revlew.for the year We ended the year wlh a Surplus of £1.244 12021.. £138.5891 after gain5 on inveFtments and fund Iranslers, however if we remove reiurns on investments {£9.6201. which have been wersed in the current. annum. and the small amount of rericled grant Irne we accessed by means of the government furlough scheme at the beginnirKJ ol the year. V•E see an operating deficit 01 £17,531. Our income from donations has dropped by over 5Wo from the previous annum and grant incomes, aside Irom the governmeftls furlough scheme, by 75%. Our lotal operating income shrunk by over £32,000 10 £469,7141£502.385 in 20-21). this is wrely due lo the fact that our day services were Closed in the previous annum and due to the ongoing nature of COVhl19 have nol been able lo recommission Ihese to date", we hope 10 have something back in before Ihe end of 22-23, atlhough nothing like on the scaie we delivered pre-pandemic. Our cMunity sUrt Sees actually grew by around 11Yv and are showng the tnefit ol all Ihe work done lo secure a more firm fisc footing lor Ihe charity. We saw no ltsrther redundancies than Ihose already in motion al the end of 20-21 and have .seen this yeaf as a time ot regroupir¥J and bethJirvJ in before wrsuirvJ a more vh3orous plan lor grovrth an(i developm8nt in 22-23. On the posilive wde we have continued lo be supp)rted by the fiscal retums from the 'Men in Sheds. project and ihe underslanding and support ol the Devon Socid Investmenl Fund which has kindly continued lo defer repaymern on the loan iaken as part ol furKA raising lor the 'Men in Sheds. shed al Wardrew Road. We have worked IremeThJously hard lo achieve somelhing dose lo a bala[ed Wel and our efforts will continue to be closely monitored by the monthly meeting of the Finance Committee, which rèports lo the Board. Our treasurer relire(knn March 2022. We were lucky enough lo have had him as a trustee and treasuier for 12 years. We are currently supported by Stuart Carrington who offers the scrutiny arwj expertise need for good govemance. We are aso actbvety lookiThJ to recruit a new treasurer. Prlnclpal Fundlng The ¢hariYs main, sources of funrfing vEre grants(1/0). ¢tynmissiontrJ services urKler contracl lo Devon County Council and RD aThY E Hospilal Trust {23%1. fees for charged lor seNices (35%), income generated by Men in Sheds (11%). aThJ donati$ aTrJ legacies {13%1.
AGE UK EXETER Company Limited by Guarantee Truslees. Annual Report (Jncorporatlng ihe Dlrector's Aeport) (ContInu1 Year ended 31 March 2022 Plans for future perlods Our plans lor the future are as lollows: To iecruil statt lo key roles - To spend lime talking lo c4der people, staff, volunleers and partners lo beller UlerStand the needs of the charity and what directiijn il needs to be going in lo meet the changing demographic ol the city To review services arKI look ai ways of increasing income, working smartei and for opportunities to collaborate ere possible. This indudes plans 10 digitise Enabling Home SupFrf)rt lo completely paper free. The aiffl is for this to be comF4ete by October 2022 - To look at all fundirrfj opportunities and diversty where posgble - To support the services currently running ar¥J 7Mih Ihern to ease the Iransilion from pandemlc limes lo more normal operating environments - To start lo write a strategy in consullalion that is relevant and ellective going forward - To review the Board ol Trustees. carry out a skills audit and recruit to any unrepreseM8d area¥. Informatlon on Fundralslng Practlees Age UK Exeter is registered with the Fundraising Regulator and aL¥des by the Code of Fundraising" Practice. The charity employed an external Grants and Trusts Fundraiser durirKJ the year. Our fundraising leam undert(pak events and promoted SUFWrt for the organisation ensuring clarty arKI transparency in how the Money would be used arKI who ¥XJ1d benefit. We have robust protocols irn place lo ensure only those who Ysh lo hear Irom us &) w. The Standards Committee and Board ol Trustees discussed and approved an Eihica Policy. part of vthich covers our tundraising activrties. No comr4aints were received in connethion wth our fuTrJraising aclNities during the year and all our activities ¢pIred wlh the CC#Ye sel out by the FUrxIraiTrj Regulor. Members Liabilities The memtrs ol the charity guarantee lo ntrilrte an amount nol exceeding £1 to the assets of the charity in the event of winding up. As of 31 March 2022. the number of guaranteeing memters was 42 {2021: 93). Provision of information to auditors Each of Ibe persons who are trustees at the lime tten this truslees report is approved has confirmed that.. So far as they are aware. there is no relevant audit inlomalion of which Ihe charitae companies, auditors are unaware, arKI ' They have iakert all Ihe steps they ought to have laken.as a trustee to be aware ol any intomiation needed by the charitable companies auditors in connection wth preparing this report and to establish th* the charitable companies auditors are aYRre. ol that inlormation.
AGE UK EXETER Company Llmlted by Guarantee Trusiees. Annual Report (Incorporating the Direcior's Report) (¢onllnuedJ Year ended 31 March 2022 .Trusiees' resp18•bIlItIeS stslemenl The Injstees (who are also directors.ol Age UK Exeter for the wrwses ol c4)mpany lawl are responsible lor preparing "the trustees. rewrt and the financtal statements in accordance wlh applicable law and United ngdoM AccrMJniing Standards (United Kiwdom Generally Aceepled AcCntIng Practice). Company law requires tho Injstees io prepare finarrial statemen15 for each linanaal year. Under company law. the Iruslees musl not approve the linanaal staiements unless they are satisfied that Ihey give a Irue arKJ lair view of the state of allairs t)f the charitat4e CLpanY and ol the incoming resources and application ol resources, IrJung the income aTrJ expenditure ol the charitaNe ¢ompany lor that period. In preparing these financid stalemenls. the Irustees are Igwired lo: Select suitable accounllng poliaes and then apply Ihem consslenlly - Observe the methods and princie$ in the charrties SORP - Make juthJements and accounting estimates that are reasonable arKI prudent Prepare the linanual statements on the going COnM basÈs unless il is inappropriaie to presume that the chaTilable cornpany *ill continue in operalion. The truslees are responsible for keeping adequate accounting records Ihal are sulliaenl to $W and explain the charitable company's transactions and disclose with reasonable accuracy at any lime Ihe linancid position ol the ¢harilable company and enable them to ensure that the financial statements comply wth the Companies Act 2006. They are also resFonsible for safeguarding ihe asseis of ihe chariiabl8 company and h&nce for taking reasonatrAe steps for the prwention and detecticm of fraj arKI other irregulartties. Small company provlsions This report has been prepared in accordance the wovisions applicable lo companies enlilled to the small cMipanies exemption. The trustees, annual report ¥fdS approved on .............................. arnl &gned on behaif ol the board ot trustees by: John Cartrith3e, Chair Trustee k8-LO
AGE UK EXETER Company Limited by Guarantee Independent Auditorfs Report to Ihe Members ol AGE UK EXEfER Year ended 31 March 2022 Opinion We have audited the finar¢ial stat•nents of Age UK Exeter Ithe 'charity'l lor the year ended 31 March 2022 which comprise Ihe statement of financial activities linclu¢ting income and expenditure accounll, statement of financial position. slatemenl of cash flows afid the related note5, including a summary of sgnilicanl accounting Fdicies. The finanoal reporting framework that has been applied in their preparation is applicable law and United KitvJdom Accounting Standards. induding FRS 102 The Financial Reporting Standard aF)licalYe in the UK and Republic of Ireland (United lfjwjom Generally Accepted Acc¢whiing Prathcel. In our opinion the finanaal statements: give a true and fair view ol the state of the charity's aff airs as al 31 March 2022 and of ils incorning resources aTrJ application of resouroes. including ils income and expendrture. for Ihe year then ended- have been FKopedy prepared in accordance United Kingdom Generally Accepted ACCntIng Practice; have been pyepared in aordarKe vAth Ihe requirwnents ol the Charities Act 2011. Basls lor oplnlon We conducted our audit in accordance V•ith Intemaiional SiaThJards on Audiliry (UK) IISAS {UKII and applicable law. Our responsibilities undef those andards are further described in the auditovs responsibilities lor the audil ol the finarrial statements section of our report. We are independent ol Ihe charity in accordance wth the ethical requirements that are relevanl lo our audit ol the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in ac£ordance wilh these Tequiremenls. We believe that the audfÉ evmlence we have obtained is sufficient and aFWPfiale to prov•Je a basis for our OniOn. Coneluslons relatlng lo golng concem In auditing the financial slalemenls, we haVe"cOlud that the trustees, use of the going Concern basis of accounting in the prepaiation of the linanryal staleffienls is appropriale. Based on the VY)rk"we have perfonne4 have.rKJt identified any material uncertainties relating lo events or conditions that, inthvidully or ¢dlectNely, may cast signiftcanl doubt on the charills ability to continue as a goirvj concern for a pericl ot at least twelve months from wheh the financial .stalemenls are authorised lor issue. Our responsili11eS and the responsibilibes of the trustees respect to going ¢or¢em are described in the relevant sections of this report. 10
AGE UK EXETER Company Limited by Guarantee Independent Audltorfs Report to the Members of AGE UK EXEfER Icoftiinu•d) Year ended 31 rch 2022 0ther.inf0rnIOn The other inloymalion comprises Ihe infLvmation induded in the annual rewrt, other than the financial statements and our audtfors report thereon. The trustees are resp)nsibfe lor the other information. Our opinion on the financial slatements thjes cover the other infomalion and. except 10 the exlenl othemse explicitly Slated in our rerxjrt. we.do not express any fonn of assurance conclusion thereon. In connection viilh our audit of the finawal statements, our responsibility is lo read the olher infomlation and, in diing $0. consider whether the otFtr infcffmation is materially inconsistent with the financial statements or our knowAedge obtained in IPP audit or otherwise appears to be materially misstated. If we identify such Materi In0)nstenC1eS or apparenl material misslalements, we are required to delernine whether there is a material misstatement in the finala1 statements or a material misslaiemenl of the other infOallOn. If, based on the work we have perfomed, we conclude that there is a material misstatement of this other irfomiation, are required to reFrfJrt Ihat facl. We have nothing to pOrt in this regard. Matters on Twhlch we are requlred to report by exceptlon In the lighl of the knowledge armj underslandiro of the chanty an& ils environment oblwned Sn the course ol the audit, we have not idenlilied material misslatements in the Iruslees. report. We have nothing to report in respect of the followir¥J matters in relation to vthich the Charilles Act 2011 requires us to rep)rt to you if. in wr opirion: tt information vefi in the trustees. report is irKon$islent in any malerid respect wilh the finala1 statements. or adequate ac¢cnI1[¥j records have r1 been kept., or the linarKial slatements a Th)t in agreemenl wih the accounting records and relums. or we have not receTried all Ihe inlomiatlon aThJ exFAanations we require for our au(lil. R8spon$ibilities of Irusteos As explained more lully in the trustees. reSp)nbilitieS slatemenl, Ihe Irustees are reswnsible for the preparalion of Ihe finanad slalements and for being satisfied thai Ihey gNe a true aThJ lair view, and for such internal control as the Irusiees delermine is necessary to enable Ihe preparation of linanci statements that are free from material Miatement, whether due io fraud or eOr. In preparing the financial slatements. the trustees are resp)nsible for assessing the charrty's ability lo continue as a going ¢on¢ern. dixlosing, as appli¢*e. matters related to going concern and using the going concern basis ot accounting unless the trustees either interKI to (Idate the charty or to cease operations, or have realistic dternalive but lo do 9). 11
AGE UK EXETER Company Limited by Guaraniee Independeni Auditor's Report to the Members ol AGE UK EXETER lcolnU•dj Year ended 31 March 2022 Audltor's responsibililies for the audil of the flnancial slalemenls Our'otiectives are 10 obtain reasonable assurance about whether the financial statements as a whole are free fiom Materi misstatement, whether due to fraud OT error, ar to issue an auditor's report that includes our opinion. Reasonable assurance is a high Ie1 of asSUrar. txrt is not a guarantee that an avdit conducted in accordance wth ISAS IUKI will always delecl a malerial misstatement when il exisls. Misslalements can arise from fraud or error and are considered Mer1d il. indivKlually or in the aggregate, they could reasonably be expected to inflwKe the economic (lecisions ol users taken on the basis of these financid staiements. Irregularities, including fraLMd, are instances of non-cL¥nkliance ith laws and regulalions. We deslgn proeedvres in line th our responsibililies, outlined above, to detect material misstatements in respect ol irregularities, induding fraud. The extent to thich r procedures are cae of dele¢ting irregularities, inclu(ling fraud is detailed below: As part of an audil in accordance wth ISAS (UK). exeiSe Fxolessional juth)Ment and maintain professional scepticign throughout the audit. We also- ' Identify aTrY assess the risks of material misstatement ol the financial statements. whelher due to fraud or error, design and.perfomi authl procedures responyve lo those risks, and obtain audit evidence that is suflioent and appropriate to provide a basis for our opinion. The risk ol not detecting a material misslatlent resulting from fraud is higher than lor one resulting from error, as fraud may invdve colluOn. forgery. intentiond omissions. misrepresenlation& or ihe override ol.intern control. Obtain an undeandIng ol internal control relevant lo the audft in order lo design audit procedures that are appropriale in the arcumstaiTrs, but rKst lor the purpose of expressing art opinion on the effectiveness of the intemal contrd. Evduate the approprialer*ss of accountirKJ polioes used a1 the reasonableness of accounting estimates and related dixlosures made by the twstees. Condude on the approptialeness ol Ihe Irustees. use of the goiThJ concern basis of accounting and, based on Ihe audit evidence obtained. whether a materiJ UnrtainlY exists related lo events or conditions Ihal may cast significant doubt on the charilvs ability to ¢ortlinue as a going concern. If we conclude that a material uncertainty exists, we are required lo draw attention in our audiloT'S repjrt to the related disclosures in the finattcial statements or. il such dIO$ureS are inadequate. lo modify our OF#ftion. Our conclusions are based on the audit Idence oblaihed up lo the date of our auditor's rewrt. However. futu entS or conditiorts may cause the charity lo cease lo ¢onlinue as a going concern. Evaluate the overall Pfesentalion. structure and content of the financial slatemenls. irtluding the disclosures, and whether Ihe fina1 statefftents represenl the uTrJerlying transactions and events in a manner that athes fair presentation. 12
AGE UK EXETER Company Llmlted by Guarantee Independent Audltor's Report to the Members of AGE UK EXETER (cortlnu¢¢ll Year ended 31 March 2022 We ¢ommunicalè wth those charged wlh govemance regarding. among other matters, the planned scope and liming ol the auctit and ggnificant autht fiThJings. induding any significant deficienoes in internal control that we idenlify during our audil. Use of our report This rewrt is made solely lo the charitys mtynbers, as a tx)dy. In a(Eordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit %K*rk has been undertaken so that we might state lo the charity's members those matters we are required lo slate lo them in an audtlor's report and lor no other purpose. To the fullest extent pernitted by law, we do not accept or assume responsibility lo anyone other than the charity and the charty's MberS as a body. for our audit vKJth, for this report, or lor the opinlons we have lomied. Mr S J Carringlon {FCAI For and on behall of Weslcotts Chartered accounLints Timbedy South Streei Axminster Devon England EX13 SAD ZF. Ik. 2 13
AGE UK EXETER Company Limlted by Guarantee. siaiement of Flnanclal Actlvities (including income and expenditure account) Year ended 31 March 2022 2021 Unrestrided funds Restricled lu Total funds Total funds Income and endowments Donations and legacies Charitable activities Other trading actNities Investment inc¢)me 115.540 469,714 12,643 1,790 599,687 104.146 219.685 469,714 12.643 1.790 702.212 502.385 12,522 1,776 1,218,895 Tolal income 104,146. 703,832 Expehdilufe Expenditure on raisirYJ funds: Costs of raising ijonations arKI legacies Investment management costs Expenditu on ¢haritatde a¢tivities Total expendlturo 3.202 1.170 610,581 10.780 1.000 1,097.488 1.170 707,836 10 97.256 97.256 614,953 712.208 1.109.268 Net g&ns on investrnenis 12 9,620 9.620 28,982 Net income {5.646) 1,244 138,589 Transfers between lunds 24.403 124.403) Net moiiement in funds 18.757 117,513) 1,244 138.589 Re¢onclllatlon of funds Total lunds brought forward Total funds rrted fomard 900.180 918.937 28.694 928.874 790,285 930,118 928,874 The statement of financid actNities includes all g&ns and losses re¢c#3nised in the year. All income and experKliture derwe from coftlinuing actiwties. Th• notss oft pagog 18 to 3111)fftl p•rt of ihe$8 financknl st&tèment 14
AGE UK EXETER Company Llmlted by Guarantee StaiemeM of Flnanclal Poslllon 31 March 2022 2021 Fixed assets TangitrAe fixed assets Investments 17 18 713,539 163,679 877,218 698.608 153,595 852,203 Currnnt assets Debtors Cash at bank and in hand 19 119,351 61,644 180.995 85.752 177,617 263,369 Crndllorg: anK)unl$ falllng due wlthln one year Net currenl assets 20 28,095 152,900 1.030,118 92,111 171,258 1,023.461 Total assets I$ current Ilabilltles . Creditors: arnounts falling due after more than one year Net o$set8 21 100,000 94,587 928.874 930.118 Funds ol Ihe charfty Restricted funds Unreslrided funds ' 11,181 918,937 930,118 28,694 9CQ,180 928.874 Total charlty funds 24 For Ihe year endiThJ 31 March 2022 the charity was enlilled to exemption Irom audil under section 477 of the Companies Act 2006 relating lo Sm1 c¢ynpanie& Directors, responsibilities: The members have nol required the oynpany to obtain an au(fit of its financial stslements for the year in question in accordance th section 476,. The directors acknowledge their responsibilities for ccrfnFlying with the requiremenls of the Act with respect to aco)unting rerts arKI Ihe preparation ol financial stalement5. These financial statements have been prepared in accordance 1th thg PTovisTrons applicable to companies iblecl to Ihe small companies. regime. The statement of financial position continues on the following page. Thg notes on pages 18 to 31 form part ot Ihgse Ilnanclal stal•ments. 15
AGE UK EXETER Company Limlted by Guarantee Slalement of Flnanclal Posillon (¢Onllnu•dJ 31 March 2022 These financial statements were approved by the b)ard of trustees and authorised for issue on , and are sfgned on behalf ot the board by: John Cartrii*Je, Chair Trustee £l- co- xo71 Th• notes on p•g•s 18 to 31 tomi W of ihw fin•heitil stat•kn•ht& 16
AGE UK EXETER Company Llmlted by Guarantee Statement ol Cash Flows Year ended 31 March 2022 2022 2021 Cash flows Irom operaling activilies Nel irKc#ne 1.244 138,589 Adjuslments for.. Oepreciation of tangible lixed assets Government grant income Net gains on inveslm&nts Dividends. interest and rents Irom irNesknenls Other interest reIvae and smilar income Loss on disposal of tang1te fixed assets 12,427 11.957 19,155) {130,0291 19,6201 (28,9611 11.6331 11,3221 {1571 {4541 13,697 Changes in.. Trade and other debtors Trade and other cre(ktors 133.599) {58.603) 199,0961 14,643 35,980 54.100 Cash general from owations Interest received 157 454 Net cash (used inlrtrijm operatiTrJ acliwities 198,9391 54,554 Cash flows from invesllng activilles Dividends. interest and rents fr¢)m investmenls Purchase ot tangible assets Proceeds fiom sale of tangible assets Purchases ol other investments Proceeds friNn sale of other investments 1.633 1,322 {27.3591 {322,9941 6,133 (1.322} 1.000 (1,6331 1,170 Net cash used in investirKJ a¢tNities (26.189) {315.861) Cash flows from fin8n¢lng actlvllles Governmeni granl income Nel cash from financ#ng actNities 9.155 130,029 130.029 9.155 Net decrease In egsh and cash equivalenis . Cash and cash equivalents ai beginning of Cash and Cash equlvalenls at end of year (115,973) {131.278) 177,617 308.895 61.644 177,617 The notes on 18 to 31 torni part ol IhM• fInCIal st•t•mwrt& 17
AGE UK EXETER, Company Limited by Guarantee Noies io ihe Financial Statements Year ended 31 March 2022 General inforn)alion The ¢harily is a pul1¢ benelit entity ar a private company limiied by guarantee, registered in England and Wales and a registered charity in England and Wales. The address ol the registered office is The Sycamores, Mwnt Fleasanl Road, Exeler. EX1 1AE. I Statement of Mmplian These linanaal slalemenis have been prepargj in comtAiance with FRS 102, The Financial Reporting Standard applicatAe in the UK a1 the Republic of IrdarKI'. the Sialemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financaal Reporting Standard l¢alle in the UK and Reputle of Ireland IFRS 1021 Icharilies SORP (FRS 10211 and the Companies Ad 26. A¢countlng pollcles Basls of preparatlon The financial statemenls have been pyepared on the historical cost basis, as mc&*tied by the revaluation of certain linancid assets arKI liabilities and irr4eslmenl properties measured al fair vdue through income or expen(filure. The financid statemerrts are prepared in sterling, which is the fundional currency of the entity. Golng concem There are no malerial urrtainlles atrf)ut the charity's ability to continue. Judgem19 and key sources ol esllmallon uncertainty The weparalion ol the linanciaE statements rewires management to make judgements, estimates and assumpiions thai afffe the amounts reported. These estimates and judgements are continually reviewed and a based on experience and other factors, indling expectations ol fulure evenls that a bdieved to be reasonable under the urcumstanc8s. Accounting estimates and assuffiptions are made coreming the lulure and. by their nature. VAII rarely equal the related actual outcome. Fund aceountlng Unrestricted luThds .are av&lable for use at the $¢10n of the trustees lo further any of the charity's wrFoses. Designaled funds are uArestri¢ted luTh#s eamiarked by Ihe trustees for parlicular lulure project or commitmenL Restricted funds are subjected io restrictions on their exFendtlure dedared by the donor or through the terms of an appeal. arKI fall irtlo one of two suf)<lasses: restricied income funds or endowment funds. 18
AGE UK EXETER Company Limiled by Guarantee Notes to Ihe Financlal Statements Year ended 31 March 2022 A¢counllng polldes Incomlng res(rS Al IT1 resources are included in the statement ol financial axivities vthen entitlement has passed to the charity,. it is PToble Ihal the economic tenefits associated wth the transaction will flow lo the charrty and Ihe amount can be reliably measured. The following specific policies are applied lo particular Categories of Ie. income Irom donatrons or grants is re(x)gnised Ihere is evidence of entitlement lo the gift. recapt is probatde arKI its oUnt can be meagjred reliably. legacy income is recognised vthen receipt is probable and entitlement is established. income tr oh)nated goots is mfrred at the far vaue of the )0d5 unless this. is impraclrcal to measure reliably, in which case the value is derived from the Cost to the donor or. the estimed resale value. Donaled lacilities and services are recognised in the accoun15 %then received if the vue can be reliat4y meayjred. No amounts are included lor the contribution ol general volurrteers. income trom contracts for the suoy of services is recognised wth Ihe delivery ol the contracted ser¥ice. This is dassrlied as unreslricted luTrts unless there is a conlraclual requirement for il lo be spent on a particular purwse and relurngd il unspent. in which case it may be regarded as restricted. Aesources expended EXpeIllUre is recognised on an accruals basis as a liability is incurred. Expenditure indudes any VAT which cannot be fully recovered, and is ¢Eassified under headings of ihe statement ol tinarrial activities to which il relates.. expenditure on rSIng funds indude5 the costs of all"furKlrising acbvtties, events, non.charilatHe trading activities, and the sale of donated goods. .expeThlilure M charitable acliviknes indlths dl costs irurred by a charity.in undertaking activities that further rts charitable aims for the benefit of ils benefioaries, induding those support costs and costs relating to g(Nemance of the charity aprKirtioned to chariiable activities. other expendilure includes all expeltU that is neilher related lo wawng lunds lor the charity Th)r part of its expendilure on charilthe aclNities. All costs are ail(Kated to expèndilure categories reflecting the use of the resource. Oirecl costs altribulable to a single actNrty are lOCated directly to that actwity. Shared costs are aptM)rtioned b•tsv¢en the activities they contribule to on a reasonable* jusbfiable aNJ consislenl basis. 19
AGE UK EXETER Company Llmiied by Guarantee Notes to the Flnanclal Statements (•1& Year ended 31 March 2022 counting policles (>1u¢d) TgIble asselg Tangible assets are InitilY recorded ai cost. and subsequently staled at cost less any accumulated depfecialion and imwrnent losses. Any tangle assets carried al revalued amounts are recorded at the fair vdue at the dale ol revaluation less any subsequent accumulated depreaation arKI bSequent accumulat8J impairmenl l¢)sses. An increase in the ¢arrwng amount of an asset as a result ol a revaluation, is recognised in other recognised gains and losses. unless it rerferses a charge for impamlent that has previously been recognised as exFerKlilure vilhin the slalenient ol financial actNities. A decrease in the carrying amount of an asset as a result of revduation, is recLNJnised in other recDJnised gains and losses. except to which it off sets any previous revuaiion gain, in which case the loss is shown wthin other recognised gains aTrJ losses on the statement of financaal activitie& Dopre¢ialion Depreciation is cdculated so as to lte ofl the c#)st or vUatIOn of an asset, less ils residual value, over the useful econ¢)mic lile d that assel as"fotlows: Freehold property Short leasehold pfoperty Fixtures and fittings Motor vehicles Ollice Equipment Straight line- 50 years Straight line - Cfver the lrfe of the lease 20% str&ght line 25% straght line 25% straghl line There is no charge lor depTlatic in resm of the fraghold wtyrty. as the resUal value is . expected lo be. al least equal lo cost. Investments Unlisted equity investrnents are initially recorded at eosl. and subsequeniiy measured al twr valve. If tair value cannot be reliably measured. assets are measured at cost less inlpaimient Listed irwestments are measured at far vdue with diarxjes in far vdue being recognised in InMe or expenditure. 20
AGE UK EXETER Company Limited by Guarantee Notes to Ihe Financlal Statements (c1 Year ended 31 kqarch 2022 Ac¢ounting pollcies {ctyJllm•d) Impairnient of fixed assels A review for indicaiors of impaimert is Caled out at each reporting date. wilh th8 recover? amounl being estimated N¥here such indicators exist. Where the carrwng value exceeds the recoverable amount. the asset is imwred accordingly. Prior impairments are also reviewed lor possible reversal at each reportirKJ date. For the purposes of impaimient leslirvJ. when It is not rle lo estimate the recoverable amount ol an irKjiVal assel, an estirnate is made ol the recoverable amount ol the cash-generating unil to bthich the asset belongs. The cash-generaling unil is the smallest identifiable group ol assets that iludeS the assel and generates cash inflows that largely independent of the cash Inflo from other assets or grow>s of asset& For impairment testing of goothll, the gocthMII acquired in a twsiness combination is, from the acquisition dale. dlocated to each ol the cash-generaling units that are expected to benefil from the synergies ol the c¢ynbinalion. irrestctvie of whether ¢Xher assets or liabilities ol the charity "are assigned io those units. Government grants Govemmenl grants are recogni5ed al ihe fair value cé Ihe assel received or recer¥aAe. Grants are T1 recogrwsed until Iheie is reason*e asgjrance that the charity..wll comply with the Conditions attaching to them and Ihe graNS will be received. Where thè granl (k)es nol imFose specified future perfomiance-rdated conditions on the recipienl, il is recc4Jnised in income Nythen Ihe grant proceeds ale receNed or receivable. Where the grant does impose specified luture Ferformanctrrelated condilions on the reciF4enl. it is recognised in income only when the perfomance-related conditions have been mel. Where grants received are Fxior to satislyirvJ the revenue recognition criteri4 they are recognised as a liability. 21
AGE UK EXETER Company Limlted by Guarantee Notes io Ihe Financial siaiements {.C Year ended 31 March 2022 Accountlng policles (conth14d) Flnanclal Instrumenls . A financial asset or a linanual liabilty is recCniSed only en the charity becomes a party to the contraclual provisions of the instrumehl. Basic finan¢ial"instrumenls are initily recognised at the amount receivatrAe or payable including any related transaction Costs. Current assets and cvrrern liabilities are subse(wentty measured at cash or other consideration expected to be paid or recerved and nol diso)unled. Debt inslnjments are subsequently measured at amortised cost. Where investments in shares are WldY traded or t1r far Ve Can othenmse be measured reliably. the investment is subsequently measured at far value wth changes in lair value recognised in income and expendtlure. Al other such inveslmenls are gjbsequenlly nieasured al cost less impairment. Other financi instruments, irduding derivatNes. are initidly recognlsed at lair value, unless payment lor an asset is deferred beyond normal business lerms or financed al a rate ol interest Ihal is not a market rale, in which case the ass is measured at the present value ol the future payrnenls discounted al a market rale of interest for a similar debl instrument. Other financial instruments are subsequenvy rneasured al fair vlue. with any Changes recognised in the slalement ol financial acltvities, with the exception ol hedging instruments in a designated hedgirKJ relationship. Finanrial assets that are measured at cosl or amortised cosl are reviewed for objective evidence of impairment at the end ol each reporting date. 11 there is objective evKlence of impaimenl. an impairmenl loss is recognised urnler the appropriate headirHJ in the statemerrt ol financiat activities in which the initial gn was recowised. For all equity instrunlems regardless of significance, and other financial assets Ihal are individually signiticanl. these are assessed indNKlually for imparment. Otller financial assets are either assessed individually or grouped on the bu's ol similar credit risk characteristics. Any reversals of impaiTheni are recognised immedately. to the extent that the reversal not result in a carrwng amount ol the financial asset Ihal exce&Js thal the carrying amount would have been had the impairment not wevKyJsly been re(nIsed. Dellned contrlbullon plans Coniribulions lo defined contribution tAans are reccJnised as an expense in the period ih which Ihe"relaled service is provided. Prepaid conlributions are recognised as an asset lo the extent that the prepayment sMII lead to a reductlon in future payments or a cash refund. 22
AGE UK EXETER Company Limited by Guaranlee Noies lo the Financial Slatements i¢tyMtrw¢ Year ended 31 March 2022 Accountlng poll¢ies (cortbwed) 0Ined contributlon plans (cortthue When contributions are nol expected to be settt&J Th1[[Y V•ithin 12 months of the end of the reporting dale in which the emOyeeS render the related service, the liability is measured on a ' discounted present value basis. The unwnding of the discount is recognised as an expense in the period in which it arises. Donallons and legacles Unrestricted Funds Restricted Total Fund8 Funds 2022 Donatlon$ Donations 17,573 2.963 20.536 Legacies Legacies 68.026 68,026 Grants Grants Govemmenl grant income 28.830 92,028 9,155 120,857 9,155 Subseription$ Memberships 1.111 115.540 7,111 219.685 104.146 Unrestricted Funds Restricted Total Funds Funds 2021 Donatlons Donalions 35,603 11.673 47,276 Legacies Legacies 11,602 11,602 Grants Grants Government grant income 128.165 383,428 130.029 511.593 130,029 Subxrfptlons Memberships 1.712 177.082 1.712 525, 130 702,212
AGE UK EXETER Company Llmiied by Guarantee Notes to the Flnanclal Staiements {¢MI Year ended 31 Mareh 2022 Charltable adivities Unrestricted Total Funds unrestriÈd Total Funds Funds 2022 FuThds 2021 Day opportunities Community support services A(fvice. infomation and a00¢acY 51,856 368,247 49,611 469.714 51.856 368.247 49,611 116,592 330.540 55.253 116,592 330.540 55,253 502.385 469,714 502,385 Othtr tradlng acllvltles Unrestricted Total fvnds Unrestricted Total Funds Fur FuThJs , 2021 FuThJraigng events Insurance commission 12,643 12,643 12,319 203 12,319 203 12,643 12.643 12,522 12,522 Investment Incomo Unrestriffled Total Funds Unrestricted Total Funts Fur¥ 2022 Funds 2021 Income frcffi listed investments Bank interest received 1.633 157 1.633" 157 1.322 1,322 454 1.790 1,790 1.776 1.776 Costs of ralslng donallons and legacles unrestried Total Fuhds Unrestricted Total Funds Funds Funds 2021 Cost of raising fur#Js J,202 3,202 10,780 10,780 Investment magement costs Unrestricled Total Funds Unrestricted Total Funds Funds 2022 Funds 2021 lftveslmeni management 1.170 1.170 1,0 1,000 24
AGE UK EXETER Company Llmlted by Guarantee Notes to the Flnanclal siaiemenls (w Year ended 31 March 2022 10. Expendllure on charllable adlvllles by acllvity type A¢tivrties undertaken directly Support costs. Total lunds 2022 Tolal fund 2021 Day opp)rtunities Community support services A(fvice, inlomialion and athocacy Govefnance costs 55,909 363,983 51. 51,291 156.789 22.003 6.628 107,200 520,772 73,236 6.628 365,530 643,922 81,107 6,929 1,097.488 471,125 236.711 707,836 11. Analysls ol support cosls Community Athice. support infomiation Servi and a¢fvocacy Total 2022 Total 2021 Day opFx)rtunities Staff costs Premises Finance costs Expenses OFeraling costs Central costs Mairnenance Training Deprecialion 17.761 15.317 116,707 4.031 185 16,433 411 150,901 19.759 240 967 8,361 23,787 16.077 211 9,780 230.083 223,211 33,692 471 837 5,709 42,032 13,298 538 23,312 343,100 114 105 911 2,590 439 6.467 18.397 2,527 163 2,800 13,111 25 1.151 1.065 22,003 51.291 156.789 11 Net galns on Investments Unrestricted Total Funds Unrestricted Total Funds Fufh 2022 Funds 2021 Gainslllossesl on listed investments 9,620 9,620 28,962 28,962 13. Net Income Nel income is slated after ¢haoirW(¢reditirvJ): 2021 Depreciation ol tangible lixed assets 12,427 11,957 25
AGE UK EXETER Company Limited by Guarantee Notes to the Financial Statemenls icont Year ended 31 March 2022 14. Audltors remuneration 2021 Fees payable lor the aj11 of Ihe finala1 slalemenls 4.080 15. Staff costs The totd staff cosls and emF4oyee benefits for pOrting period a anatysed as tollows: 2022 2021 Wages and salaries Social security costs Employer contributions to FEnsion rAans 534.128 22,626 21.786 578,540 862.849 36,155 34,038 933,042 The average head count of emFAoyees durir¥J the year was 51 12021: 811. The average number of lull-lime equNalerrt plOyeeS thrir¥J the year is analysed as IdloK: 2021 No. No. Number ol staff 22 33 No emFSoyee reciwed emoyee benelrls of more than £60,000 during year12021: Nill. Key Management Personnel Key management personnel include all perxins that have authorty" ahd Tesponsibility lor planning, directing and conirdling the actwities of the charity. The lolal compensation paid lo key management personnel fcK serrfices prided to the charity was £58,84912021..£95.614). 16. TNslee remuneration expensos During the year,. no Trustees rLxerved any remuneralion 12021: £Nil) During the year, rKI Trustees received any benefits in kind {2021: £Nil} During the year, 1 Trustee receNed reimbjrsemenls of expenses of £80 {2021: £Nill 26
AGE UK EXETER Company Llmiied by Guarantee Notes io the Flnanclal siaiements f¢oftlin) Year ended 31 March 2022 17. Tangible lixed assets Freehold Fixtures and property fittings Motor User defined vehicles Tolal Cosl At l April 2021 Additions Disposals Al 31 March 2022 671,651 23,432 . 41,299 3.927 135,369) 9.857 8.637 37,635 759,222 27,359 {3.278) (38,6471 34,357 747.934 695.083 8,637 Depreclatlon Al 1 April 2021 Charge lor the year Diswsals At 31 March 2tr22 38.314 1,971 {35,3691 4.916 4,318 2.160 17,983 60,615 8,296 12,427 13.278) 138,6471 23.001 34,395 6.478 Carrylng amount At 31 March 2022 695,083 4.941 2.159 11,356 713.539 Al 31 March 2021 671.651 2,985 4,319 19,652 698,607 18. Investments Llsted Investmenls Cost or valualion At l April 2021 Athyitions Disposals Fair value movements 153,595 1,633 11,1701 9,621 At 31 March 2022 163.679 Impalrment At 1 April 2D21 and 31 March 2022 Carrying amount At 31 Mareh 2022 163.679 Al 31 March 2021 153,595 All investment$ shovm above a hdd at VUation. Malerlal Investrnents 2022 2021 Hawksmoor Vanburgh Hamoor Distribution HaiM(smoor OpFQrtunilies 33,074 36.347 36,961 106.382 30,749 32,725 37,425 100.899
AGE UK EXETER Company Llmiied by Guarantee Notes io the Financial Ststements . Year ended 31 March 2022 18. Investments (conllmMLI) Financlal assels held al falr value ' Investments are held at their lair value lch has been provided by the investment managers. Hawksmoor Invesimeni Managemenl. Hislorical cost of the investrnents is £135,675. 19. Deblor8 2022 2021 Trade debtors Pi&paymenis and accrued incTrme" Other debtofs 55,932 2,851 60.568 119,351 70,693 2,878 12,181 85.752 20. Credllors:"amounts falling due within ono y 2022 2021 T.rade creditors Accfuals and deferred inc(Mne So¢iJ security and other taxes Other creditors 4.098 11.339 9.805 2.853 7.622 47.574 26,700 10,215 92,111 28.095 21. . Creditors: amounts fallirwJ due aftLY more one year 2021 Social investment loan 100,CN)O 94,587 21 Penslons and other posl rellremenl blIts Defined ¢ontrilJutlon plans T.he amount recognised ifi ihcome or expenditure as art expense in rel*ion lo defined contribulion plans was £21.78612021'. £34.0381.
AGE UK EXETER Company Limited by Guarantee Notes to the Financial Statements (conthu. Year ended 31 March 2022 23. Government grants The amountsfecognised in Ihe financid slalements for govemment grants are as folloK'. 2021 Recognised in income from (knnations a1 legacies: . Govemmenl grants income 9.155 130.029 24. Analysls ol ¢harltable lunds Unrnstrictod funds At Gains and At losses 31 Mar 2022 Inc(¥ne Experthjiture Transfers Generar tuts Fixed Assets 301,572 598.608 599.687 {614.9531 2,810 21.593 9.620 298,736 620,201 918,937 900,180 599,687 (614,953) 24,403 9,620 Gains and Ai losses 31 Mar 2021 1 Apr 2020 Income Expenditu Transfers General funds Fixed Assets 250,821 163,809 414,630 693.765 1704,094) 32,118 434.799 28,962 301,572 598,608 900,180 693.765 (704,0941 466,917 28.962 Resirlcled funds At 1 Apr 2021 Gains aThJ At losses 31 Mar 2022 Inccwne ExperrtUre Transfers Sycamores Furyj Capital Projects Oementia Carer Support Hardship aThY Amenity Furlough scheme Infection conlrol and COVID safely 28,061 17161 l¥J,593} 5,752 17,153 {13.8201 3,333 630 9.155 1.263 19,1551 6.152 16.152)-
AGE UK EXETER Company Llmlted by Guaraniee Notes to Ihe Financial Statements (¢oniirn Year ended 31 March 2022 24. Analysis of ¢horltablo fund$ (COAthd) InlornalionlAth 12.2¢YJ 28,310 {12.2001 127.5001 Men in Sheds Merger and relocation Social Support Supporting Victims of Crime Wellbeing Exeter Wesl Exe Centre Gommuiwty Activities Covid Recovery FurKI {810) 14,151 {13.3181 7.614 17,614) 3,214 {3.214) 3.567 (3.56n {97.256) (24.403) 28,694 104.146 11.181 At 1 Apr 2020 Gains and At losses 31 Mar 2021 Income Expenditure Transfers Sycamores Fur#J Capital Projects Dementia Carer Support Hardship and Amenity Furlough scheme Infection control and COVID safety Inlomats'orAth1C" 243.592 103,000 {2¢3,592) (199.939) 125.(KJO 28,081 18,500 11.372 '{29,872) 1430) 130,029 (130,029) 633 10,254 {10,254) 25.388 {25,388) 22.376 (32,376) Men in Sheds Merger and relcoation sal Support Supporting Victims of Crime Wellbeing Exer West Exe Centre Community A1VIlieS Covid Recovery FurKI 10,000 80.580 14.827 (57,1941 114,8271 123,3861 {3.0001 196,8041 Is,000} 375,655 525,130 {405,1741 (466,9171 28.694 30
AGE UK EXETER Company Llmited by Guarantee Noies to the Financial siatements (eonthx Year ended 31 March 2022 FixedAssets Fund In order that general funds represent the free reserves of the charty. the Trustees" strKJw the funds invested in fixed assets as a separate designated fund. exdudiTrJ the amounts included in the Sycamores restricted fund. Capital Projects "These funds were receNed lo tY speofic rApilal ilems andlor lo refuTtish premises. on these monies are spent and the reslriclion is satisfied, the funds are reallwaled lo the fixed asset or other unrestricted funds as appropriale. Al of the InCe in the years erthd 31 March 2021 and 2022 has been lo fund Ihe acquisition arKI improvement of a workshop lor our Men in Sheds project. The acquisition was completed last year. Dementia Carer Support {lomierly Friencts) These grants are lo provide a peer support Ser¥e for peOe yh dementia and their families and ¢arers. Hardship andAmenity This turtd was gwen to help vulnerable older people thryth limited funds * a lime of Crisis, by proviijng time limited support, enhancing therr qualty of life. Social su These funds were given to supp)rt our Vrk ccmbatting londiness and isolation in the city by providing Sla1 groups and a befriending seNice Whe volunteers regularfy vigt and lelephone older people living 0•. 25. Analysls of net assels belween ldS Unrestricted Funds Restrict& Total Funds Funds 2022 Tang1te Itxed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 713.539 163.679 169,814 (28,0951 1100.0001 918,937 713,539 163.679 180,995 128,0951 1100,C4)01 930.118 11.181 11,181 Unreslricted FurKIs Reslricled Total Funds Funds 2021 Tangible fixed assets Investments Gurrenl assels Creditors less than 1 year Credilors greater Ihan 1 year Nel assels 698,608 153,595 234,675 192,1111 194.5871 900,180 698,608 153,595 263,369 192.1111 194.5871 928,874 28,694 28.694 26. Related partles Trustees made unconditional iknations to- Ihe Charity during the year. lotling £1,140 {2021.' É1.9081. 31