OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Charity Registration No. 1019018

Company Registration No. 02773453 (England and Wales)

AGE UK DEVON

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

AGE UK DEVON

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr N Mason
Mrs L De-La-Hunty
Mrs L Onyett
Mrs H Aldis
Mr R Austin (Appointed 20 January
2021)
Secretary Mrs S Littlewood
Charity number 1019018
Company number 02773453
Principal address Unit 1 Manaton Court
Matford Business Park
Exeter
Devon
EX2 8PF
Registered office Unit 1 Manaton Court
Matford Business Park
Exeter
Devon
EX2 8PF
Independent examiner JL Coombs MA (Cantab) FCA
Simpkins Edwards LLP
Michael House
Castle Street
Exeter
Devon
EX4 3LQ
Bankers National Westminster Bank plc
Exeter Branch
59 High Street
Exeter
Devon
EX4 3DL

AGE UK DEVON

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Notes to the financial statements 11 - 24

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

Age UK Devon is a Registered Charity (No. 1019018) and Company Limited by Guarantee (No. 02773453) which delivers services primarily in rural areas of the county covering Mid, North, South, East and West Devon which are not covered by neighbouring independent Age UK Brand Partners.

The objects of the Charity are to promote the following purposes for the benefit of the public and/or older people within Devon:

T he outcome of this being the promotion of the well-being of older people.

The charity's mission is to improve the lives of older people in Devon.

This is achieved through delivering free or low cost services that:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

In 2020/21 like many other charities Age UK Devon was greatly affected by the COVID-19 pandemic and many services, activities and events were suspended due to national lockdowns and ongoing government restrictions. Therefore, the number of people supported is dramatically lower than usual.

The Information and Advice service continued to offer free, impartial, and confidential advice to older people their families, and carers. Trained advisors advised on health and social care matters, housing issues, and provided details of local services and voluntary groups supporting older people and their communities during the pandemic. All support was provided via the telephone including full benefit checks and the completion of benefit forms.

The Better Later Lives service for people over pension age, who have experienced a life change and need some support to think about what happens next also continued throughout the pandemic. Support was provided via the telephone throughout most of the year, and face-to-face visits were conducted as restrictions lifted.

Unfortunately, most community outreach activities (exercise classes, drop-ins, knitting and craft sessions, lunch clubs, social groups) were suspended due to the pandemic. In between National lockdowns some outdoor activities (Swim to the Sea programme and Outdoor Activity Club at Stover Park) were delivered adhering to the government guidelines.

The chargeable Enabling and Home Support service offers weekly assistance with routine household tasks, shopping and other activities which become more difficult with age. Between April and June, the Enabling & Home Support service was suspended totally as it was unsafe to deliver due to the pandemic. Following rigorous risk assessments, new health and safety measures and obtaining supplies of PPE essential tasks within client homes were re-established in July for some clients.

To support clinically vulnerable older people shielding throughout most of the pandemic hundreds of goodie bags containing essential food and hygiene items were delivered by staff and volunteers. A pen-pal scheme was established with several Devon primary schools. Active at Home bags containing a thera-band and stress ball with a manual explaining how to do some simple chair-based exercises at home were delivered to clients at home. Using Zoom a variety of virtual activities such as exercise sessions, chats, and quizzes, were available free of charge. At Christmas 50 large luxury hampers were delivered to older people that were either going to spend Christmas alone or who were on a low income.

In partnership with Devon M emory M atters two virtual programmes of cognitive stimulation therapy sessions for people living with mild to moderate dementia were delivered over a series of 14 weeks.

Will clinics delivered by McClure solicitors were available to older people throughout the year via telephone or

video calls.

Foot care visits in East Devon continued. The foot care specialist visited older people in their own home to take care of their nails as well as checking the overall health of their feet.

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

PLANS FOR THE FUTURE

Our plans for 2021/22 are as follows:

Financial review

Reserve policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Financial review for the year

Income

During the year ended 31 March 2021 Age UK Devon received income of £402,940 (2020: £387,682).

Unrestricted income funds amounted to £305,997 (2020: £326,707), a decrease of £20,710

Restricted income funds amounted to £ 96,943 (20 20 : £ 60,975 ), a n in crease of £ 35,968.

Expenditure

Fundraising costs amounted to £ 5,002 (20 20 : £ 4,959 ), an increase of £ 43 as shown in note 7 to the financial statements.

Charitable activities expenditure amounted to £394,943 (2020 £427,066) an decrease of £32,123 as shown in note 8 .

Other costs amounted to £14,663 (2020: £8,061) as shown by note 9.

Fund balances

Unrestricted funds (including designated funds), amount to £530,171 (2020: £464,421) an increase of £65,750

Restricted funds amount to £108,507 (2020: £123,745).

Designated funds – the charity’s designated fund has been evaluated at £200,000 (2020: £200,000), as explained below.

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Designated Reserve.

The board of trustees have agreed that Age UK Devon requires a minimum level of unrestricted reserves (£200k) to cover contingencies and provide a level of working capital to:

As at 31 March 2021 Age UK Devon had £330,171 in unrestricted reserves, excluding the designated fund which meets the level of reserves assessed as being required for working capital to meet our legal, statutory and best practice requirements.

Investment policy

Charity investments can only be considered if there are surplus resources over and above those required for Age UK Devon to carry out its present and future activities effectively. When managing any Age UK Devon investments, Trustees must act to certain standards as defined in the Trustee Act (2000).

The basic principle governing Age UK Devon’s Trustees' decisions about investing the charity's funds is that they must take a prudent approach. When investing charitable funds (especially where those represent permanent endowment), Trustees must seek to strike the right balance between:

In order to discharge the duty to adopt a prudent approach to the investment of Age UK Devon’s charity funds, Age UK Devon Trustees must:

Age UK Devon Trustees must accept their general duty of care to use their powers of investment for the benefit of the charity.

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Risk

The trustees acknowledge that risk management is the responsibility of the board of trustees. A Risk Policy balances the charity's need to take risks in pursuance of its charitable purpose with their duty to ensure that the charity's financial and legal standing, and the quality and safety of its operations, are not compromised.

Internal control processes include:

Structure, governance and management

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs E Michaelson (Resigned 31 May 2021) Mr N Mason Mrs L De-La-Hunty Mrs L Onyett Mrs H Aldis Mr R Austin (Appointed 20 January 2021)

The trustees (who are also directors of the charity for the purposes of the Companies Act) are elected for three years and are eligible for re-election thereafter.

The charity seeks to ensure that the needs of older people and the best interests of the organisation are reflected in the makeup of the trustee board and therefore trustees are recruited with appropriate experience, knowledge and expertise e.g. health and social care, legal, human resources, business and financial expertise.

Trustees regularly review the board structure and undertake an annual skills audit to identify gaps in their governance abilities. Newly recruited trustees spend time with the Chief Executive and service managers in order to receive an overview of the organisation and get a feel of its culture, ethos and values. Key induction documents such as the trustees Induction Handbook, the Memorandum and Articles of Association, last independently examined accounts, most recent management accounts, Annual Review, Strategic and Business Plans, and the current year's budgets are given and discussed.

The board of trustees meets quarterly and are responsible for the strategic direction and overall management of Age UK Devon. As at 31st March 202 1 the Board had 6 members from a variety of backgrounds relevant to work of the charity.

AGE UK DEVON

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Operational responsibilities for service provision, funding, human resources and general management rest with the Chief Executive who is supported by the Finance Manager and three work stream managers.

The Finance Manager is responsible for maintaining financial procedures, the production of management accounts and staff payroll.

The work stream managers provide supervision and support to coordinators, who have day-to-day responsibility for their individual services, staff and volunteers.

The directors consider the board of directors, who are the Trust's trustees, and the senior management team comprise the key management personnel of the charity in charge of directing and controlling, running and operating the Trust on a day to day basis. All trustees give of their time freely and no trustee received remuneration in the year. Details of trustees' expenses and related party transactions are disclosed in the notes to the accounts.

Key management personnel's pay is set by reviewing job descriptions and matched to similar roles in the Third Sector and against those in the Age UK Network.

The trustees' r eport was approved by the Board of Trustees.

Mr N Mason Vice Chair Dated: 21 July 2021

Mrs L Onyett Chair Dated:21 July 2021

AGE UK DEVON

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE UK DEVON

I report to the trustees on my examination of the financial statements of Age UK Devon (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act) . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants England & Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

JL Coombs MA (Cantab) FCA for and on behalf of Simpkins Edwards LLP

Michael House Castle Street Exeter Devon EX4 3LQ

Dated: 2 August 2021

AGE UK DEVON

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income from:
Donations and legacies
3
84,533
-
Charitable activities
4
213,117
96,943
Other trading activities
5
-
-
Investments
6
8,347
-
Total income
305,997
96,943
Expenditure on:
Raising funds
7
5,002
-
Charitable activities
8
282,762
112,181
Other
9
14,663
-
Total resources
expended
302,427
112,181
Net gains/(losses) on
investments
13
62,180
-
Net movement in funds
65,750
(15,238)
Fund balances at 1
April 2020
464,421
123,745
Fund balances at 31
March 2021
530,171
108,507		 TotalUnrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
84,533
84,085
-
310,060
214,986
60,975
-
17,603
-
8,347
10,033
-
402,940
326,707
60,975
5,002
4,959
-
394,943
360,853
66,213
14,663
8,061
-
414,608
373,873
66,213
62,180
(15,285)
-
50,512
(62,451)
(5,238)
588,166
526,872
128,983
638,678
464,421
123,745		 Total
2020
£
84,085
275,961
17,603
10,033
387,682
4,959
427,066
8,061
440,086
(15,285)
(67,689)
655,855
588,166

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

AGE UK DEVON

BALANCE SHEET

AS AT 31 MARCH 2021

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within
one year
17
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
18
Unrestricted funds
Designated funds
20
General unrestricted funds		 2021
£
41,747
271,781
313,528
(29,512)
200,000
330,171		 £
6,216
348,446
354,662
284,016
638,678
108,507
530,171
638,678		 2020
£
78,566
231,387
309,953
(13,785)
200,000
264,421		 £
695
291,303
291,998
296,168
588,166
123,745
464,421
588,166

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2021.

The directors acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

AGE UK DEVON

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The financial statements were approved by the Trustees on 21 July 2021

Mr N Mason Mrs L Onyett Vice Chair Chair

Company Registration No. 02773453

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Age UK Devon is a private company limited by guarantee incorporated in England and Wales. The members of the company include the trustees who are also ordinary members. In the event of the charity being wound up, members liabilities in respect of the guarantee are limited to £1 per member of the charity. At 31 March 2021, the number of members was 61.

The registered office is Unit 1 Manaton Court, Matford Business Park, Exeter, Devon, EX2 8PF.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the charity. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.

The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Expenditure

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction .

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

15% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

A subsidiary is an entity controlled by the charity. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities. Age UK Devon owns one such subsidiary, Age UK Devon (Trading) Limited, which is currently dormant.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs . Financial assets classified as receivable within one year are not amortised.

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price . Fi nancial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price .

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.9 Leases

Rentals payable under operating leases, including any lease incentives received, are charged as an expense on a straight line basis over the term of the relevant lease.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Donations and gifts 23,646 20,918
Legacies receivable 12,383 15,982
General grants 19,300 19,300
Commission received 29,204 -
Donations from Age UK Devonwide Enterprises Ltd - 27,885
84,533 84,085

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

4 Charitable activities

Grants for specific
purposes
Contract Income
Home help
Fundraising
Training Delivery
Activities
Other income
Furlough grant
Analysis by fund
Unrestricted funds
Restricted funds		 Core
2021
£
65,161
2,206
-
113
-
1,208
-
-
68,688
68,688
-
68,688		 Enabling
Advice and
Wellbeing
Active in Later
Life
2021
2021
2021
£
£
£
6,585
128,447
10,436
-
-
-
64,953
-
-
-
-
-
-
-
-
-
2,151
1,343
-
-
-
13,953
13,504
-
85,491
144,102
11,779
85,491
48,392
10,546
-
95,710
1,233
85,491
144,102
11,779		 Total
2021
£
210,629
2,206
64,953
113
-
4,702
-
27,457
310,060
213,117
96,943
310,060		 Total
2020
£
105,100
-
145,645
5,449
8,258
-
11,509
-
275,961
214,986
60,975
275,961

For the year ended 31 March 2020

Grants for specific purposes
Home help
Fundraising
Training Delivery
Other income
Analysis by fund
Unrestricted funds
Restricted funds		 Core
£
44,063
-
5,449
-
35
49,547
49,547
-
49,547		 Enabling
Advice and
Wellbeing
Active in Later
Life
£
£
£
-
61,037
-
145,645
-
-
-
-
-
-
-
8,258
-
558
10,916
145,645
61,595
19,174
145,645
620
19,174
-
60,975
-
145,645
61,595
19,174		 Total
2020
£
105,100
145,645
5,449
8,258
11,509
275,961
214,986
60,975
275,961

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

5 Other trading activities

Total Unrestricted
funds
2021 2020
£ £
Contributions to costs by associate company - 17,603
6 Investments
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Income from listed investments 6,866 8,844
Interest receivable 1,481 1,189
8,347 10,033
7 Raising funds
Unrestricted Unrestricted
funds funds
2021 2020
£ £
Investment management costs 5,002 4,959
5,002 4,959

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

8 Charitable activities

Support
Costs
Home
Support
Advice and
Wellbeing
Active in
Later Life
2021
2021
2021
2021
£
£
£
£
Staff costs
82,818
100,897
98,320
43,661
Travel
12
47
116
4
Costs of running activities
197
4,297
2,080
2,463
Premises costs
30,685
-
-
-
Office administration costs
20,901
324
583
150
Advertising
3,148
-
-
-
Training
692
280
70
747
Miscellaneous expenditure
1,319
31
-
-
Depreciation
1,101
-
-
-
140,873
105,876
101,169
47,025
140,873
105,876
101,169
47,025
Analysis by fund
Unrestricted funds
140,873
105,876
5,459
30,554
Restricted funds
-
-
95,710
16,471
140,873
105,876
101,169
47,025		 Total
2021
£
325,696
179
9,037
30,685
21,958
3,148
1,789
1,350
1,101
394,943
394,943
282,762
112,181
394,943		 Total
2020
£
337,379
9,424
9,691
44,294
21,296
2,342
726
1,243
671
427,066
427,066
360,853
66,213
427,066

For the year ended 31 March 2020

Support
Costs
Home
Support
Advice and
Wellbeing
Active in
Later Life
£
£
£
£
Staff costs
70,012
144,090
94,244
29,033
Travel
733
275
5,855
2,561
Costs of running activities
2,831
-
840
6,020
Premises costs
44,171
123
-
-
Office administration costs
18,491
636
1,949
220
Advertising
765
784
368
425
Training
292
200
76
158
Miscellaneous expenditure
1,243
-
-
-
Depreciation
671
-
-
-
139,209
146,108
103,332
38,417
139,209
146,108
103,332
38,417
Analysis by fund
Unrestricted funds
139,209
146,108
42,357
33,179
Restricted funds
-
-
60,975
5,238
139,209
146,108
103,332
38,417		 Total
2020
£
337,379
9,424
9,691
44,294
21,296
2,342
726
1,243
671
427,066
427,066
360,853
66,213
427,066

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

9 Other

Unrestricted Unrestricted
funds funds
2021 2020
Legal and professional 5,868 442
Independent Examination and Accountancy 3,360 4,436
Board members expenses - 77
Bank Charges 1,731 2,201
Bad Debts 3,704 905
14,663 8,061

10 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year, but a number of them were reimbursed a total of £ nil in expenses (2020: a number of trustees were reimbursed a total of £77 in expenses).

11 Net movement in funds 2021 2020
£ £
Net movement in funds is stated after charging
Depreciation of owned tangible fixed assets 1,102 671
Independent Examination 3,200 1,600

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

12 Employees

Number of employees

The average monthly number of employees during the year was:

Home helps
Other staff
Employment costs
Wages and salaries		 2021
Number
20
11
31
2021
£
325,696		 2020
Number
30
11
41
2020
£
337,379

No employee’s earnings were more than £60,000 per annum.

The key management personnel of the charity comprise the trustees, the Chief Executive and Finance Manager.

The total employee benefits of the key management personnel of the trust were: £67,079 (2020: £50,540).

13 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2021 2020
£ £
Revaluation of investments 53,805 (17,132)
Gain/(loss) on sale of investments 8,375 1,847
62,180 (15,285)

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

14 Tangible fixed assets

Fixtures and fittings
£
Cost
At 1 April 2020 43,246
Additions 6,623
At 31 March 2021 49,869
Depreciation and impairment
At 1 April 2020 42,551
Depreciation charged in the year 1,102
At 31 March 2021 43,653
Carrying amount
At 31 March 2021 6,216
At 31 March 2020 695

15 Fixed asset investments

Listed
investments
Other
investments
£
Cost or valuation
At 1 April 2020
291,302
1
Additions
44,275
-
Valuation changes
62,180
-
Reduction in investment dealing bank account
(24,209)
-
Disposals
(25,103)
-
At 31 March 2021
348,445
1
Carrying amount
At 31 March 2021
348,445
1
At 31 March 2020
291,302
1
2021
Other investments comprise:
Notes
£
Investments in subsidiaries
24
1		 Total
£
291,303
44,275
62,180
(24,209)
(25,103)
348,446
348,446
291,303
2020
£
1

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

16
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
17
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income		 2021
£
33,867
1,890
5,990
41,747
2021
£
6,282
782
20
3,811
18,617
29,512		 2020
£
69,120
2,026
7,420
78,566
2020
£
5,943
3,839
20
687
3,296
13,785

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

18 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds Movement in funds Movement in funds
Balance at Incoming Resources Balance at Incoming Resources Balance at
1 April 2019 resources expended 1 April 2020 resources expended
31		 March 2021
£ £ £ £ £ £ £
G A Morgan Legacy 128,983 - (5,238) 123,745 - (15,238) 108,507
E.On - 41,850 (41,850) - 33,542 (33,542) -
Better Lives Later - 10,000 (10,000) - - - -
Warm and Well - 9,125 (9,125) - - - -
Police Crime Commisioner: I&A Service - - - - 6,000 (6,000) -
CAN - - - - 1,233 (1,233) -
Armed Forces Covenant - - - - 19,500 (19,500) -
Veterans Foundation - - - - 10,016 (10,016) -
The National Lottery Community Fund - - - - 19,340 (19,340) -
Age UK: Building Resiliance - - - - 7,312 (7,312) -
128,983 60,975 (66,213) 123,745 96,943 (112,181) 108,507

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

19 Restricted funds - description of funds

Restricted funds include:

G A Morgan Legacy

The GA Morgan legacy is being used to support projects in the Teignbridge area. £15,238 was expended during the year.

E.On

Delivery of benefit advice services to older people.

Other Grants

Police Crime Commissioner: Support to older victims of crime through our Information and Advice service.

AFCF: Armed Forces Covenant: Delivery of Better Later Lives for Veterans Veterans Foundation: Delivery of Better Later Lives for Veterans.

The National Lottery Community Fund. Delivery of the Information and Advice service.

Age UK Grants

Building Resliance: Delivery of Better Later Lives.

The above project is funded by the national charity via Age UK Devon, providing advice.

20 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming
Balance at
1 April 2019 resources 1 April 2020 resources
31 March 2021
£
£		 £
£
£
Contingency to ensure that future
essential actvities can continue to be
funded 200,000
-		 200,000
-
200,000
200,000
-		 200,000
-
200,000

Age UK Devon Trustees have assessed and agreed that Age UK Devon currently needs £200,000 of unrestricted reserves to cover certain contingencies as summarised in the Trustees Annual Report.

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

21 Analysis of net assets between funds

Unrestricted
funds
Designated
funds
Restricted
funds
2021
2021
2021
£
£
£
Fund balances at 31 March 2021 are represented
by:
Tangible assets
6,216
-
-
Investments
148,446
200,000
-
Current assets/(liabilities)
175,509
-
108,507
330,171
200,000
108,507		 TotalUnrestricted
funds
Designated
funds
Restricted
funds
2021
2020
2020
2020
£
£
£
£
6,216
695
-
-
348,446
91,303
200,000
-
284,016
172,423
-
123,745
638,678
264,421
200,000
123,745		 Total
2020
£
695
291,303
296,168
588,166

AGE UK DEVON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

22 Operating lease commitments

At 31 March 2020 the charity had total commitments under non-cancellable operating leases for rent as follows:

Within one year
Between two and five years		 2021
£
4,200
-
4,200		 2020
£
16,800
4,200
21,000

23 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).

24 Subsidiaries

These financial statements are separate charity financial statements for Age UK Devon.

Details of the charity's subsidiaries at 31 March 2021 are as follows:

Name of undertaking Registered Nature of business Class of % Held
office shares held Direct Indirect
Age UK Devon (Trading) England & Dormant Ordinary 100.00
Ltd Wales

25 COVID 19

The COVID 19 pandemic and resulting shut down of economic and social life in the United Kingdom continues to seriously affect Age UK Devon's operations. The trustees continue to consider the best steps to take in order to protect the charity,