COMPANY REGISTRATION NUMBER: 2703636
CHARITY REGISTRATION NUMBER: 1010973
AGE UK EXETER
Company Llmlted by Guarantee
Financial Statements
31 March 2022
*ABG4DNVE*
05111r2022
COMPANIES HOVSE
#116

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 rnen￿erS
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, TreasU￿r
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
Tru￿ee$. Annual Report (Incorporating the Direclorfs Report) (contlnwd)
Year ended 31 March 2022
Structure• govemance and marwgemenl
ConstRutlon
The charity is registered as a charilable company limiled by guarantee and was set up by a
Memorandum of Association on 3 April 1992. The principai objects ol the charty are to work lo
improve later life lor everyone in and around Exeter by providing life enhancing seNices and vital
support. There have been no changes in the objectives since ihe last annual rep)rt.
Method of appolnlment ol Irustees
The directors of the ¢¢ynpany are also charity trustees for the purposes of Charity law. Under the
fequiremenis of the Memorandum and Artides of ASS(￿latiOn the trustees shall be not less than live.
Charity trustees shall hold olfice for an inilial lemi of three years aTrJ may be reappointed lor further
lerms of Ihree years each. save that Ihe Chair may only sefve for a maximum ol six consecutive
years.
The Board of Trustees seeks to ensure that a￿arenesS of the needs of"older Feople in Exeter and the
best interests ol the charity are reflected in the makeup of the trustee boty by recruiting members wth
appropriate experience, kn￿edge and exper1ise. This irtludes he￿th and social care, legal, social
policy, HR, tryjsiness, and financial expertise. The Irustees monitor the S￿11 mix and represeniation ol
the Board ai regular intervals lo inform its recruitment process. In Ihe event of skills being losl due lo
end ol service or retiremeni, individuals are approached to ofler theMSe￿eS lor election to Ihe Board
or vacancies are advertised in the local press and on social media.
Policies adopted for Inductlon and tralnlng of Irustees
New Iruslees spend time wth the CEO and ￿thIn the C￿ganIsatIon,5 services to recL4ve an ovefview ol
the organisalion and gel a feel lor ils euEture and VI￿$. Key dC￿MentS such as the MemoraThdum
and Articles of Association, last audited accourtts, most recenl management accounts. Annual
Review, current year's budget arKI inlfymalion at￿1 fthure F4ans and objeclrves are given and
discussed. New Iruslees also ￿e1ve InfO￿allOn 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 s￿a￿leS of sehior staff and makes recommendations lo the
Board. ta￿n9 into account market inform*ion, and CO￿ of living and wage iThdices.
Organlsatlonal slruclure and declslori"ftMklng
The charity has a Board ol Trustees who rheet monthly a￿1 are resFKin￿ble 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 over*1 responsibility for the
organisation, the Governance Ollicer nas oversight governahce ol the charity and the Finance
Mahagei Ilas resportsibility tor maintair￿fig 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 wo￿5 ￿￿th t#)Ih Derfon County Counctfs A￿11 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 qU￿11Y 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 Managem￿1
The trustees acknowledge that risk management is responsibilty of lh& Board of Trustees. The"
.Boaid has therefore agreed a Risk Management Policy which b￿anCeS 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 C￿Millee review6 perfonnance based on this delwled
inlorm*ion 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. Ern￿oyment 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 ex*nined 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 Contritr￿tiort 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 Se￿ICe5 and enabling cAder people to make the mo* of life.
Strategies for achieving objectives
The strategy lo achieve Ih85e obiectives continu￿j 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 sello￿e8M.
- Inlomaiion and advice ihal enables inforned choices to be made and pr(￿oleS benefit entr(lement.
- Services that promote older ￿e0￿e'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 Ih*r 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 V￿re 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 t￿1 afloat. No Lig decisions were made as il was
fdt the new CEO should have scope and t* empo¥M￿l 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¢l￿e w00￿rk 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 sM￿ther Iransilion lo home.
Our 'BLKkling FrierKls' allolmerrt project conlin￿l 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 CommU￿tY 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 ijfl￿r 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 rern￿n 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 seNt￿S were P(￿Ible relevant in a post pandemic world.
There were challenges arourKI lost funding and as a re￿11 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 in￿rne 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 memberstr￿p for the year toldled £21.647 {2021.' £48,988). legacies £68,02612021.'
£11.6021 and lundraising events, which V*Ere 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 re*ricled grant I￿rne 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 c￿Munity sU￿rt Se￿￿es actually grew by around
11Yv and are showng the t*nefit 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) (ContInu￿1
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 U￿lerStand 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 Y￿sh 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 FUrxIrai￿Trj Regul*or.
Members Liabilities
The memt*rs ol the charity guarantee lo ￿ntril￿rte 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 charita￿e
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' resp1￿8•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
AcC￿ntIng 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 CL￿panY and ol the incoming
resources and application ol resources, Ir￿Ju￿ng 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 princi￿e$ in the charrties SORP
- Make juthJements and accounting estimates that are reasonable arKI prudent
Prepare the linanual statements on the going COn￿M 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 fra￿j 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
ACC￿ntIng Practice;
have been pyepared in a￿ordarKe 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 O￿niOn.
Coneluslons relatlng lo golng concem
In auditing the financial slalemenls, we haVe"cO￿lu￿d that the trustees, use of the going Concern
basis of accounting in the prepaiation of the linanryal staleffienls is appropriale.
Based on the V*Y)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 peric*l ot at least twelve months from wheh the financial
.stalemenls are authorised lor issue.
Our responsi￿li11eS 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.inf0rn￿I￿On
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 $0. consider whether the otFtr infcffmation is materially inconsistent with the
financial statements or our knowAedge obtained in IPP audit or otherwise appears to be materially
misstated. If we identify such Materi￿ In0)n￿stenC1eS or apparenl material misslalements, we are
required to delernine whether there is a material misstatement in the fina￿la1 statements or a
material misslaiemenl of the other infO￿allOn. If, based on the work we have perfomed, we conclude
that there is a material misstatement of this other irfomiation, are required to reFrfJrt Ihat facl.
We have nothing to ￿pOrt in this regard.
Matters on Twhlch we are requlred to report by exceptlon
In the lighl of the knowledge armj underslandiro of the chanty an& ils environment oblwned Sn the
course ol the audit, we have not idenlilied material misslatements in the Iruslees. report.
We have nothing to report in respect of the followir¥J matters in relation to vthich the Charilles Act
2011 requires us to rep)rt to you if. in wr opirion:
tt* information ￿vefi in the trustees. report is irKon$islent in any malerid respect wilh the
fina￿la1 statements. or
adequate ac¢c￿nI1[¥j records have r￿1 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)n￿bilitieS 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 Mi￿atement, whether due io fraud or e￿Or.
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 lco￿lnU•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 I￿e1 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 M￿er1d 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 ca￿e of dele¢ting
irregularities, inclu(ling fraud is detailed below:
As part of an audil in accordance wth ISAS (UK). ￿ exe￿iSe 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 misslat￿lent resulting from fraud is higher than lor one resulting from error,
as fraud may invdve collu￿On. forgery. intentiond omissions. misrepresenlation& or ihe override
ol.intern￿ control.
Obtain an unde￿andIng 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 a￿1 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 Un￿rtainlY 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 dI￿￿O$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 fina￿1￿ statefftents represenl the uTrJerlying transactions and
events in a manner that ath￿es 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 M￿berS 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 Sm￿1 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 re￿rts 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 re￿Iva￿e and smilar income
Loss on disposal of tang1t￿e 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• fIn￿CIal 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 pul￿1¢ 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 a￿1 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 Reput￿le of Ireland IFRS 1021 Icharilies
SORP (FRS 10211 and the Companies Ad 2￿6.
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 ur￿rtainlles atrf)ut the charity's ability to continue.
Judgem￿19 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, ind￿ling expectations
ol fulure evenls that a￿ bdieved to be reasonable under the urcumstanc8s.
Accounting estimates and assuffiptions are made cor￿eming 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(￿r￿S
Al IT￿￿1￿ resources are included in the statement ol financial axivities vthen entitlement has
passed to the charity,. it is PTob*le 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 I￿e.
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 mfr￿red 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 estim*ed resale value. Donaled lacilities and services are recognised in the
accoun15 %then received if the v￿ue 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
EXpe￿IllUre 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 r￿SIng 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 expe￿ltU￿ 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 (>￿1￿u¢d)
T￿gIble asselg
Tangible assets are Initi￿lY recorded ai cost. and subsequently staled at cost less any
accumulated depfecialion and imwrnent losses. Any tangl￿e 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 v*ilhin 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 rev*uaiion 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 v￿UatIOn 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 depT￿latic￿ in resm of the fraghold wtyrty. as the res￿Ual 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
In￿Me or expenditure.
20

AGE UK EXETER
Company Limited by Guarantee
Notes to Ihe Financlal Statements (c￿1
Year ended 31 kqarch 2022
Ac¢ounting pollcies {ctyJllm•d)
Impairnient of fixed assels
A review for indicaiors of impaimert is Ca￿led 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 r￿l￿e lo estimate the recoverable
amount ol an irKjiV￿al 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 i￿ludeS 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. irrest*ctvie 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 T￿1 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 (conth14*d)
Flnanclal Instrumenls
. A financial asset or a linanual liabilty is recC￿niSed only ￿en the charity becomes a party to the
contraclual provisions of the instrumehl.
Basic finan¢ial"instrumenls are initi*ly 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 W￿ldY traded or t￿1r far V￿￿e 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 g￿n 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 recc*Jnised 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)
0￿Ined 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 em￿OyeeS 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 unrestri￿Èd Total Funds
Funds
2022
FuThds
2021
Day opportunities
Community support services
A(fvice. infomation and a0￿0¢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
unrestri￿ed Total Fuhds Unrestricted Total Funds
Funds
Funds
2021
Cost of raising fur#Js
J,202
3,202
10,780
10,780
Investment m￿agement 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 a￿j11 of Ihe fina￿la1 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 em￿oyee 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 pr￿ided 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 V￿Uation.
Malerlal Investrnents
2022
2021
Hawksmoor Vanburgh
Ha￿moor 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 b￿lIts
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 a￿1 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 tu￿ts
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 Exper￿rtUre
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$ (COAth￿d)
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'or￿Ath1C"
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
s￿al Support
Supporting
Victims of Crime
Wellbeing Ex￿er
West Exe Centre
Community
A￿1VIlieS
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 t￿Y 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 InC￿e 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 y￿h 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 V￿rk ccmbatting londiness and isolation in the city by
providing S￿la1 groups and a befriending seNice Whe￿ volunteers regularfy vigt and lelephone older
people living ￿0￿•.
25. Analysls of net assels belween l￿dS
Unrestricted
Funds
Restrict&￿ Total Funds
Funds
2022
Tang1t￿e 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. lot￿ling £1,140 {2021.'
É1.9081.
31