Charity registration number 1025961 Company registration number 02646454 (England and Wales) Age UK Bradford District Annual Report and Financial Statements For The Year Ended 31 March 2024
AGE UK BRADFORD DISTRICT LEGAL AND ADMINISTRATIVE INFORMATION Trustees Ammara Ahmed Jennifer Lee Akhtar Malik Muhammad Ibrahim Amanda Peters Jonathan Stead Gill Thomton Joanne Volpe (Chair) Jonathan INright Sheila Plumbe Anthony Porter Noor Jahan Ali Catherine Sunter David Pass {Resigned on 30 October 2023) {Resigned on 10 June 2024) {Resigned on 26 February 2024) (Resigned on 26 May 2023) (Resigned on 26 February 2024) {Resigned on 2 January 2024) {Appointed 10 June 20241 (Appointed 10 June 2024} (Appointed 10 June 20241 (Appointed 10 June 2024) Secretary Mark Rounding {Chief Executive Offir) Charity number 1025961 Company number 02646454 Registered office 75 Iplrose Road Shipley Bradford West Yorkshire BD18 1HX Auditor Azets Audit servIs Limited 12 King Street Leeds LS12HL
AGE UK BRADFORD DISTRICT CONTENTS Page Trustees, report Statement of Trustees, responsibilities Independent auditorfs report 9-11 Statement of financial activities 12 Balance sheet 13 statement of cash flows 14 Notes to the financial statements 15-31
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Trustees (who are also directors of Age UK Bradford & Distn'ct for the purposes of company law) are pleased to present their annual report together with the financial ststements of the charity for the year ending 31 March 2024, which are also prepared to meet the requirements for a directors, report and financial statements for Companies Act purposes. The Legal and Administrative information page forms part of this Twstees. report. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended practi applicable to charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS1021 (effective 1 January 2019). Age UK Bradford & District is a charitable company limited by guarantee. The company (company number 026464541 was incorporated on 17 September 1991 as Age cOnM Bradford & District as amended by special resolution passed 21 July 1993 and registered as a charity (charity number 1025961) on 13 September 1993. The company changed its name to Age UK Bradford & District by special resolution passed 31 January 2012. A further change to its articles was made in September 2019 by Special Resolution which changed the charity name to Age UK Bradford & District and adopted new articles in line with best practice. Structure, Governance and Management Age UK Bradford & District (AUKBD) is a company limited by guarantee governed by its Memorandum and Articles of Association dated 21 July 1993 and amended to allow for current govemance arrangements on 30 September 2020. It is registered as a charity wth the Charity Commission. The charity remains and will remain an independent local charity. AUKBD meets the definition of a public benefit entity under FRS 102. Appointment of Trustees The Officers (Chair and Vice Chair and ordinary Trustee Board members) are elected for 3 year terms. One third {3) of the ordinary members of the Trustee Board are eligible for re-election each year, along with any current vacancies. CcFopted members (up to 4} serve for one year. Trustee Induction and Training New Trustees (and existing Trustees) are inducted to inform them of their legal obligations under charity and company law,. the governing documents- structures, committees and decision making processes, planning, monitoring and review arrangements and the performance of the charity against its current business plan and financial targets. The induction and training programme were reviewed in 2023 and now includes meetings with representatives of staff and volunteers. In addition updates from the Charity Commission are included as an agenda item at each board meeting. The Charity also supports its Trustees to be involved in Age UK National and Age UK YorkshirelHumber Region and other organisation's training and events. Organisation The Trustee Board administers the charity. In the year under review the Board meet on a bi-monthly basis supported by committees providing more focussed analysis and scrutiny. The committee structure was reviewed in July 2021 and the following established aftertheAGM in October 2021.. Business Development & Operations Finance Committee People & Organisational Development All Trustees give their time as Twstees voluntarily. Any expenses claimed by the Twstees are set out in note 9 to the accounts.
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Key management personnel The trustees consider the Senior Leadership Team, consisting of 2 posts, as comprising the key management personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. The posts are Chief Executive and Deputy Chief Executive. The pay of all the charity's employees is reviewed annually. The remuneration is also compared wth chanties of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Salary increases have been awarded in line with statutory increases in the national minimum wage and also to staff roles just above this level in order to maintain differentials beeen roles. The board is committed to continuing to develop and improve staff salary levels. Risk Management The Trustees have a risk management strategy vthich comprises an annual review of the risks which the charity may face. This feeds into the business continuity plan. Risk Management is overseen by the Board with each Committee taking responsibility for preparing and monitoring the risks in their area of work and brining these to the attention of the board. Prior to the adoption of the Annual report by the Trustee Board each year, the committees advises the Board on matters relating to the management of risk by.. identifying the major risks that apply to the charity, making recommendations about how to respond to and mitigate risks, recommending an appropriate statement regarding risk management in the Annual Report. identifying °ownership" of the risk wthin the Charity's management team and Trustee committees, Reviewing and adapting the business continuity plan as appropriate, In reviewng risks, the Trustees have taken into account the impact of staff vacancies and staff and volunteer sickness levels and the increasing challenges around recruitment of staff. The highest risk identified in 2023 were around income generation targets not being achieved, not maintaining volunteers levels and business continuity planning not being suffiaent to meet the situations needs. These are addressed by daily monitoring of income generation targets and regularly reporting to the Finan Committee, reviewng volunteer retention and recruitment plans and a review of the Business Continuity Plan. The Trustees conlinue to believe that the Charity's engagement locally, along with its involvement with both the Age England Association and Age UK nationally ensure effective knowledge sharing and influencing in terms policy decisions affecting people in later life. Health and safety risk assessments are carried out annually. This is in addition to reviewing any 'near misses, or significant incidents. These assessments are stored at all locations across the organisation and all site representatives have undergone training on Health and Safety and risk management. There is a holistic approach to risk within the organisation with additional risk management protocols in the form of., COSHH, lone working, fire risk, individual employee and volunteer assessments. The prOsS is overseen by the designated Health and Safety officer. Audit processes and recording tools are utilised to review site risks on a daily, weekly, monthly, six monthly and annual basis. The organisalion complies with the West and North Yorkshire Adult Safeguarding produre$. All staff within the organisation are expected to attend Safeguarding training as a mandatory requirement. All existing staff have now attended this training. Furthermore designated Safeguarding Officers are in place to support and review any Safeguarding concems and ensure effective implementation of the associated Safeguarding policies. In 2022 the Board appointed a trustee to lead on issues relating to safeguarding.
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The Charity takes the safety of all staff, volunteers and clients very seriously. Personal Safety and Lone working remain a priority. This is also reflected in the lone worker policy. risk assessment and training schedule. Objectives and Activities Serving all the areas of Bradford, Keighley & Ilkley, Shipley & BingleyAUKBD is both a local charity, a partner of Age UK National and a member of theAge England Association. Our mission is lo enable, empower and support people to live well as active, engaged and influential members of their communities. We will work to ensure that everyone's contribution is valued and that individuals and their communities provide mutual support which promotes independence. indusion. choice and control. Our ambition is to build on the opportunities provided by the diverse communities that comprise Bradford District to meet the priorities and challenges identified by people in these communities and to help older people in the district to live their best life. We cannot achieve this alone, or indeed without our valued partners in the voluntsry and community sector or the public sector. It is an ambition that aims to enable individuals and communities to become hubs of self help and support, addressing isolation, promoting independence, inclusion. choice and control and enabling wellbeing, confident in their voice to influence the circumstances and environment in which they live. Age UK Bradford District will listen to, engage and work with older people and their friends and families. The focus is on enabling, empowering and supporting them to remain independent, active and engaged members of their communities, both receiving and providing the support and ath'vits'es they identify that they need and which are their chosen priorities. This is in line with our organisational values which were reviewed in 2022123 and it was agreed that AUKBD is.. Person Centred: We will listen to. engage and vrfork with people to identify and develop their own solutions and responses We will listen to people to find out what is important to them Inclusive: We value everyone We treat people with dignity and compassion We will treat people as individuals viith their own unique experiences and strengths Empowering: We support people to make their own decisions We will enable people and their communities to provide mutual support Connected We are one team We are collaborative We are better when we worf( together We involve & link people and their communities in shaping what we do Authentic We will be genuine and realistic about what V do and what we can offer We will be dependable and reliable We will be transparent
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 These are underpinned by a charter of promises to the people we work wth which commits everyone at AUKBD to ensure that.. You're listened to and treated with dignity and compassion Your faith and culture are respected and valued You will not be discriminated against on any basis You're at the heart of decisions about your life. we will work wth you to explore your options and support you lo implement your choices and decisions You can use your experience to help shape, develop, deliver and improve projects We will listen to you carefully and respond to you needs promptly We will not make assumptions al)out your needs or abilities Vvhere we can't help we will assist you to access the most appropriate support for your needs We will put your interests, needs and choices first In order to implement the organisations vision and mission Age UK Bradford District will focus on 5 strategic aims.. We will provide a person centred approach Putting people at the centre of what we do. cfrproducing activities and enabling individuals and communities to provide mutual support. We will deliver high quality Maintaining and extending our exlernally awarded quality marks and improving feedback from people using our services. We will exlend our reach and impact Increasing the numbers of people we assist across all communities and improving the benefit and impact of our work. We will develop the organisation, our people, premises and systems Improving the experience of staff and volunteers and the efficiency of our systems. We will expand our funding base Increasing retail and community fundraising levels and testing and introducing paid for services. Age UK Bradford District is committed to being inclusive in all its activities and to ensuring that all aspects of the organisation reflect the diverse nature of the communities we serve. We are clear thatAge UK Bradford District will operate within key areas that have been developed as a result of the priorities identified by people in later life and developed in the Transforming Services Programme launched in 2017 and the Moving Forward strategy of 2020. These are Information Help and Support Advice and Casework Groups and Activities
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 This work is prioritised through community engagement and conversations. Locally AUKBD works with a wider range of older people's organisations and networks, and wth a great number of other statutory sector and voluntary sector partners - including Bradford Metropolitan District Council Dept. of Adult & Community Services, the Department of Work & Pensions. Housing Benefits, and Bradford & Airedale Clinical Commissioning Groups {CCGs). Nationally and regionally the Charty is a member of the Age England Association. When reviewng the aims and objectives of the Charty and planning future activities the Trustees have complied th the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission. Achievements and Performance: During the year the Trustees reviewed the charity's activities, management and financial position establishing, as mentioned above, a new committee structure to give it a greater focus and understanding of the different areas of the charity's work. During 2023124 the teams at AUKBD supported 15,199 people across Bradford District having 19,928 contacts with them. This is broken down as follows.. Function No of individuals 2024 13,742 193 778 486 15,199 No of contacts 2024 13,911 1,035 3,420 1,562 19,928 2023 12,340 569 808 918 14,635 2023 12,432 4,936 3,750 1,760 22,878 Infonnation Help & Support Advice & Casework Activities & Groups Total Almost £1.5m was secured in backdated welfare benefits for people which helps not only local older people, their households and family but also the local economy. This work is delivered though 6 Community Hubs based across Bradford, Keighley and Shipley and a team of 33 staff and over 100 volunteers. 830A of people who received support from the teams at AUKBD said that this had had a positive impact on their lives reporting that they felt.. Less alone More like themselves again More financially secure More connected Healthier More independent
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Business Planning This is continually under review. The Board met infomially during the course of the year to consider and prepare the new Strategy of 2023 to 2026 which was launched in April 2023 together with revised strategic objectives which are as follows.. We will create a sustainable, vibrant and growng organization. Building on strong foundations to become the 'go lo. place for all issues on ageing, being a great place to work and volunteer and where all stakeholders are involved in planning and securing our future. We will exiend our reach and impact across all communities.. Increasing the numbers of people we assist across all communtties, improving the accessibility, availability, benefit and impact of our work. We will deliver person-ntred, cCFprodUd approaches, working with the assets of the people & communities served.. Putting people at the centre of what we do, ctrprodu¢ing activities and enabling individuals and communities to provide mutual support based on the resources and assets available within communities. We will increase funding.. Increasing retail and fundraising levels and involvement in fundraising across all stakeholders. We will improve systems and premises.. Improving and developing our premises and the effiaency of our systems. Quality Standards The Charity maintained the Charty Quality Standard and the Quality Advice Standard following external assessments during 2023124. Policies and Procedures An ongoing review and update of policies and procedures was maintsined through the period. The Terms of Reference for all our sub-committees and advisory committees are reviewed annually which resulted in significant changes to the sub committees as detailed earfier. The Employee Handbook and Volunteer Handbook are continuously reviewed and updated. Staff have easy access to this and a number of other key documents and resources. Facilities The Charity conts-nues to look at ways to develop both premises and the IT infrastructure. During the year significant improvements were made to the premises at Queensbury and a new IT support provider was appointed to being service provision from Apnl 2024. Fundraising The charity seeks and receives individual donations to support our work. We strive to achieve the highest standard fundraising standards and value our supportive fvnders and donors. We stay up to date with charity regulations, data protection and the Fundraising Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines and best practice. There were no complaints made during the year. Financial review Net loss after actuarial losses of £1 shows a deficit of £179,832 {2023 surplus - £211,322) for the year. This is made up of a deficit on general unrestricted funds totalling £57,151 (including an actuarial loss of £11, and a deficit of £122,681 on restricted fvnds. Total funds at 31 March 2024 stood at £302,104 comprising of £69,305 of restricted funds and £232,799 of unrestricted funds. This is a marked regression on the position at 31 March 2023 when total funds stood at £481,936.
AGE UK BRADFORD DISTRICT TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves Policy The board has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets {the free reserves) held by the charity should be equivalent to 3 months of the general running costs, which equates to £227,000 in general funds. At present the charity has free reseNes of £202,027. ReseNes were in defiat of the free reserves policy at 31 March 2024 largely due to the dedine in grants and legacy income. Investment Policy The Trustees regularly check the rates achieved on fvnds deposited and the constitution gives Trustees the powers to move funds if required. A banking review took pla during 2021 and a new bank account with Unity Trust Bank was opened in January 2023. A further bank account was opened wth Bath Building Society in January 2024. The account with Santander was dosed in April 2023. Future Plans Age UK Bradford District has one dear goal, to ensure that older people across Bradford District can live their best possible life in age friendly communities where everyone's fuiure is valued. To achieve this we have 3 priorities as we look to the future.. To ensure the ongoing safety and wellbeing of the AUKBD team through monitoring risks and ensuring consultation on and effective communicats'on of guidance to protect staff, volunteers and the people we support. To continue stringent monitoring of our cashflow and budgets in line with our financial procedures. LckIng foNard to the next financial year 2024 to 2025 the directors have no reason to believe that the charity will not continue to be a going concern. To maintain and develop. as opportunities and resources allow. the delivery of our key ftjnctions in each community and in response to those communities needs. The development of our Community Hubs will continue to be the main focus to increase the offer each Community Hub can make to the people in their communities both from within the hub and beyond. Auditor The auditor, Azets Audit Servi$ Limited is deemed to be reappointed under section 487(2) of the Companies Act 2006. Small Company Rules This report has been prepared in accordance v¥ith the special provisions of Part 15 of the Companies Act 2006. Conclusion The Trustees are once again grateful for the enormous effort of the charity's staff, volunteers and supporters for their hard work over the year. They also wsh to thank statutory and voluntary sector partners, funders and donors for helping to ensure that older people in the District can live their best life. Disclosure of information to auditor Each of the Trustees has confimied that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confimied that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information. The Trustees, report was approved by the Board of Trustees on 28 October 2024 and signed on their behalf by.. Joanne Volpe, Trustee and Chair
AGE UK BRADFORD DISTRICT STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also the directors of Age UK Bradford District for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Aepted Accounting Practi). Company Law requires the Trustees to prepare finanaal statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming reSoUrS and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the Twstees are required to.. select suitable accounting policies and then apply them consistently- obseNe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going conrn basis unless it is inappropriate to presume that the charity 11 continue in operation. The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
AGE UK BRADFORD DISTRICT INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF AGE UK BRADFORD DISTRICT Opinion We have audited the financial statements of Age UK Bradford District (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities. the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted A¢Unting Practice). In our opinion, the financial statements- give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its income and expenditure, for the year then ended.. have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice: and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS IUK)} and applicable law. Our responsibilities under those standards are further described in the Auditors responsibilities ft)r the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the charity's ability to continue as a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trustees viith respect to going concem are described in the relevant sections of this report. Other information The other information comprises the infomiation included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained wthin the annual report. Our opinion on the financial statements does not cover the other infomiation and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misststed. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed. we conclude that there is a material misststement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistenl with the financial ststements- and the trustees, report (incorporating the directors. report) have been prepared in accordance with applicable legal requirements.
AGE UK BRADFORD DISTRICT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK BRADFORD DISTRICT Matters on which we are required to report by exception We have nothing to report in respect of the following matters in relation to which the Charities {Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion= the information given in the financial statements is inconsistent in any material respect with the Trustees. report., or SLrfficient accounting records have not been kept" or the financial statements are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustees, responsibilities, the Trustees. who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative but to do so. Auditors responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or eOr, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS {UK} will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il www.frc.org.uklauditorsresponsibilities. This description fonns part of our auditorfs report. 10-
AGE UK BRADFORD DISTRICT INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK BRADFORD DISTRICT Extent to which the audit was considered capable of detecting irregularities. including fraud Irregularities, including fraud. are instsnces of non-compliance with laws and regulations. We design procedures in line with our responsibililies, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, ils activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying th that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial stalements, whether due to fraud or error, design and perfomi audit procedures responsive to those risks, and obtain audit eviden that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations. including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included.. Enquiry of management and those charged with govemance around actual and potential litigation and claims as well as actual. suspected and alleged fraud- Reviewing minutes of meetings of those charged wth governance., Assessing the extent of Complian wth the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection., Reviewing financial statement disclosures and tesling to supporting documentation to assess Compliance with applicable laws and regulations., Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustrnents for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias,. and Performing audit work over the timing and recognition of income and in particular whether it has been recorded in the correct accounting period. Because of the inherent limitations of an audit, there is a risk Ihat we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentstions, or the override of intemal control. Use of our report This report is made solely to the charity's trustees, as a body, in accordance wth part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for the opinions we have formed. 0511112024 Azets Audit Services Limited Chartered Accountants Statutory Auditor 12 King Street Leeds LS12HL 11
AGE UK BRADFORD DISTRICT STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted funds funds 2024 2024 Total Total 2024 2023 Notes Income from: Donations and legacies Charitsble Income Other trading activities Investments 27,880 11,099 416,148 3,971 27,880 251,349 416,148 3,971 182,859 689,657 372,291 186 240,250 Total income 459,098 240,250 699,348 1,244,993 Ex enditure on: Raising funds Charitsble activities 368.628 202.701 368,628 510,551 409,539 624.232 307.850 Total expenditure 571.329 307.850 879,179 1,033,771 Net incomel(expenditure) befo transfers (112,231) (67,600) (179,831) 211,222 Transfers beeen funds 45,164 (45,164) Net (expenditure)lincome for the year (67.067) (112,764) (179,831) 211,222 Other recognised gains and losses Actuarial (lossllgain on defined benefit pension schemes 17 {1) {1) 100 Net movement in funds (67,068) (112,764} (179,832) 211,322 Fund balances at 1 April 2023 289.950 191.986 481,936 270,614 Fund balances at 31 March 2024 19 222.882 79.222 302,104 481,936 The statement of financial activities indudes all gains and losses re¢ognised in the year. All income and expenditure derive from continuing activities. The notes on pages 15 - 31 comprise part of these financial statements. A fully detailed Statement of Financial Activities for the year ended 31 March 2023 is shown on Note 24 to the financial statements. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 12-
AGE UK BRADFORD DISTRICT BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Fixed assets Tangible assets 12 30.772 1.648 Current assets Debtors Cash at bank and in hand 13 108,916 220,705 153,812 392,429 329,621 546,241 Creditors: amounts falling due within one year 14 (58.289) (64.163) Net current assets 271.332 482.078 Total assets less curnt liabilities 302,104 483,726 Creditors: amounts falling due after more than one year 15 {1,790) Net assets 302,104 481,936 Income funds Restricted funds Unrestricted funds 18 79,222 222,882 191,986 289,950 302,104 481,936 The notes on pages 15 - 31 form part of these financial statements. These financial statements have been prepared in accordan viith the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 28 October 2024 Joanne Volpe Trustee and Chair Company Registration No. 02646454 13-
AGE UK BRADFORD DISTRICT STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flov from operating activities Cash (absorbed by)Igenerated from operations 22 (143,240) 122,796 Investing activities Purchase of tangible fixed assets Investment income received (32,455) 3,971 (537) 186 Net cash used in investing activities (28.484) (351) Net cash used in financing activities Net {decrease)lincrease in cash and cash equivalents (171,724) 122,445 Cash and cash equivalents at beginning of year 392,429 269,984 Cash and cash equivalents at end of year 220.705 392,429 14-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies The principal accounting policies adopted, judgements and key SoUrS of estimation nrtaintY in the preparation of the financial statements are as follows.. Charity infomiation Age UK Bradford & District is a charitable company limited by guarantee incorporated and registered in England and Wales. The company (company number 026464541 was incorporated on 17 September 1991 as Age Concern Bradford & District as amended by special resolution passed 21 July 1993 and registered as a charity (charity number 1025961) on 13 September 1993. The company Changed its name to Age UK Bradford & District by special resolution passed 31 January 2012. The registered office is 75 Wrose Road, Shipley. Bradford, England. BD18 1 HX. Each member of the company has undertaken to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 1.1 Accounting convention The financial statements have been prepared on a going concem basis in accordance with 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 (FRS102) (effective 1 January 20191 ("Charities SORP (FRS102)°), the Financial Reporting Standard applicable in the UK and Ireland (FRS 102). the Companies Act 2006 and the Charities Act 2011. Age UK Bradford & District meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at cost or transaction value unless othewse stated in the relevant accounting policy notes. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £1. The financial statements have been prepared under the historical cost convention, modified to include 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 existen for the foreseeable future. Thus the Trustees continue to adopt the going concem 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 OLrt in the notes to the financial statements. 1.4 Income Income including donations. legacies and grants that provide core funding or are of general nature are recognised where Ihere is entitlement, the receipt is probable and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies that the grant or donation must only be used in ftrture accounting periods- or the donor has imposed conditions which must be met before the charity has unconditional entidement. Income grants are credited to the income and expenditure account at the time when the related expenditure has been incurred. Income grants for specific projects are credited to the income and expenditure account when received and unspent amounts at the year-end are carried forward as restricted funds. 15-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) Donated goods and services Donated seNices are recognised if the value of the gift can be measured reliably. Income from goods donated for sale in the charity's shops is recognised at point of sale. As a result of the high volume of low value donated goods reiVed by the charity, the cost of recognising these items at fair value on receipt would outweigh the benefit of recognising them in the accounts. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement wll be required and the amount of the obligation can be measured reliably. Expenditure includes attributsble VAT which cannot be recovered.. Charitable expenditure comprises those costs incurred by the charity in the deliverance of its activities and services for its beneficiaries. It indudes both costs that can be directly allocated to such activities and those costs of an indirect nature neSSary to support them. All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly- others are apportioned on an appropriate basis. 1.6 Tangible fixed assets Tangible fixed assets are defined as those assets costing over £1,000. Such assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows= Leasehold improvements Fixlures and fittings Computer equipment Over the life of the lease 5 years straight line 3 years straight line The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaiment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss {if any). 1.8 Cash and cash equivalents Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 1.9 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 vthen the charity becomes party to the contractual provisions of the instrument. Financial assels and liabilities are offset, wth 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. 16-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) Basic financial assets Basic financial assets, which include debtors and Cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a finanang transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Impainnent of financial assets Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective eviden that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impaimient loss is the difference been the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in net in¢omel{expenditure) for the year. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current Carrying amount does not exceed what the carrying amount would have been, had the impaimient not previously been recognised. The impairment reversal is recognised in net incomel(expenditure) for the year. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another paty that is able to sell the asset in its entirety to an unrelated third party. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or sepiices 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 and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised v4hen the charity's contractual obligations expire or are discharged or cancelled. 1.10 Taxation Age UK Bradford & District is a registered charity and as such is a charity within the meaning of schedule 6 of the Finance Act 2010. Accordingly, the charity is potentially entitled to tsx exemption under part 11 of the Corporation Tax Act 2010 or section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising. Given this, no tax charge arises on the charity. 1.11 Employee benefits The costs of short term eTnployee benefits are recognised as a liability and an expense where settlement of obligations does not fall within the same period. 17-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continued) 1.12 Retirement benefits The charity participates in a multi-employer defined contribution pension arrangement, The Pension Trust Growth Plan Series 4. The pension charge represents the amount payable by the charity to the fund in respect of the year. Previously, the charity and group participated in The Pension Trust Grovrth Plan, Series 1, 2 and 3, a multi- employer defined benefit pension arrangement. It is not possible in the normal course of events to identify the share of underlying assets and liabilities belonging to individual participating employers. In accordance with Charities SORP (FRS 1021 the charity recognises the liability to make payments to fund the deficit relating to past service where it has entered into an agreement to make those payments. 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 carying 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. The estimates and judgements which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below. Critical judgements Defined benefrt pension scheme The present value of fLrture liabilities in respect of pension scheme shortfalls is a key figure in the financial statements, the discount rate used in calculating this present value is a key estimate in the financial statements. Donations and legacies 2024 2023 Donations and gifts Legacies receivable 27,880 20.609 162.250 27,880 182,859 All donations and legacies received in both years are unrestn'cted. The charity benefits greally from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 1021, the economic contribution of general volunteers is not recognised in the accounts. 18-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charitable activities 2024 2023 Grants and contracts receivable 251,349 689.657 Analysis by fund: Unrestricted funds Restricted funds 11,099 240,250 11,742 677,915 251,349 689,657 Other trading activities 2024 2023 Fundraising events and fees eamed Charity shop income 28,251 387,897 26,264 346,027 416,148 372,291 19-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Total expenditure Raising Charitable funds activities 2024 2024 Total 2024 Raising Charitable funds activities 2023 2023 Total 2023 Staff costs Interest cost - unwinding discount Staff and volunteer expenses Training and recruitment Premises costs Insurance Office costs Repairs and renewals Publicity Cafe provisions Van running and other transport costs Shop costs Subscriptions Sundries 181,022 284,957 465,979 227,229 325,101 552,330 144 144 111 111 3,275 108 137,380 1,768 5,578 10,136 15 631 3,906 1,552 139,355 1,768 9,416 34,318 4.987 686 3,150 655 127,863 2,015 3,538 6,323 11,165 179 1,642 32,911 176 3,554 78,331 3,329 2,297 160,774 2,191 7,092 84,654 11,165 1,975 3,838 24,182 4,972 686 6,121 10,736 3,420 6,275 2,109 8,230 10,736 7,465 26,828 5,188 10,102 3,816 252 7,209 12,397 10,102 7,979 25,062 4,045 20,553 4,163 24,810 365,834 349,536 715,370 401,296 478,187 879,483 Share of support costs (see note 7) Share of governance costs (see note 7) 2,794 151,075 153,869 3,243 141,670 144,913 9,940 9,940 9,375 9,375 368.628 510,551 879.179 404,539 629,232 1,033,771 -20-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Governance costs costs 2024 Support Governance costs costs 2023 staff costs Depreciation Staff and volunteer expenses Premises costs Insurance Office costs Repairs and renewals IT & Communications Sundries Audit fees 92,253 3,331 92,253 3,331 87,370 3,257 87,370 3,257 124 98 5.529 6.055 10 44.365 2,104 124 98 5,529 6,055 10 44,365 2,104 9,940 53 169 4,658 6,577 4,998 34,192 3,639 53 169 4.658 6.577 4.998 34.192 3,639 9,375 9,940 9,375 153,869 9,940 163,809 144,913 9,375 154,288 Net movement in funds 2024 2023 Net movement in funds is stated after chargingl(crediting Fees payable to the company's auditor for the audit of the company's financial statements Fees payable to the company's auditor for statutory accounts Depreciation of owned tangible fixed assets 9,940 1,690 3,331 9,375 1,595 3,257 Trustees None of the Trustees (or any person connected with them) received any remuneration or r&imbursement of expenses during the rrent or prior year. 21
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employees Number of employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Charitable activities Administration 23 30 26 33 Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 507,052 33,264 17,916 583.883 38.359 17,458 558,232 639,700 In addition to the above, contributions of £2,148 (2023= £2,148) were paid to the defined benefit scheme as disdosed in note 17 to these financial statements. At the balan sheet date pension contributions totalling £1,790 (2023= £3,446) were unpaid and included within creditors. The Trustees consider its key management personnel comprises of the Senior Management Team, consisting of 2 posts (2023.. 2). The total employment benefits induding employer pension contributions of the key management personnel were £110,162 (2023. £91,794). There were no employees whose annual remuneration VRS £60,000 or more (2023.. no employees). 11 Taxation The charity is exempt from tax on income and gains falling v4ithin section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tangible fixed assets Leasehold Fixture5 and improvements fittings Computer equipment Total Cost At 1 April 2023 Additions 80,767 32,455 9,713 25,656 116,136 32,455 At 31 March 2024 113,222 9.713 25.656 148.591 Depreciation and impaimient At 1 April 2023 Depreciation charged in the year 79,656 2,794 9,713 25,119 537 114,488 3,331 At 31 March 2024 82,450 9,713 25,656 117,819 Carrying amount At 31 March 2024 30,772 30,772 At 31 March 2023 1,111 537 1,648 13 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 17,203 15,806 75,907 52,898 8,415 92,499 108,916 153,812 14 Creditors: amounts falling due within one year 2024 2023 Notes Other taxation and social security Deferred income Trade creditors Other creditors and accruals Short term pension scheme deficit payments 7,831 9,339 16,202 23,127 1,790 9,899 21,320 15,925 14,871 2,148 16 17 58,289 64,163 -23-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Creditors: amounts falling due after more than one year 2024 2023 Notes Pension scheme deficit payments 17 1.790 16 Deferred income 2024 2023 Brought forward Released in the year Deferred in the year 21,320 (21,3201 9,339 21.320 Carried forward 9,339 21.320 Income has been deferred where project funding has been received in advance. Deferred projed income is released on a straight line basis to the month that the project is being performed. 17 Retirement benefit schemes Defined contribution schemes The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to the statement of financial activity in respect of defined contribution schemes was £17,916 (2023.. £17.458). Defined benefit schemes The charity participates in The Pension Trust Growth Plan scheme, a defined benefit, multi-employer scheme which provides benefits to some 950 non-associated participating employers. It is not possible for the charity to obtain sufficient infomiation to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme in accordance with the Charities SORP {FRS 102) by providing for the present value of all donations to make good the deficit. Where the scheme is in deficit and where the charity has agreed to a deficit funding arrangement the company recognises a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in these disclosures. The unwinding of the discount rate is recognised as a finance cost. Present Value of Obligation 2024 2023 2022 Contributions due within one year Contributions due over one year 1,790 2,148 1,790 2,148 3,748 Present value of provision 1,790 3,938 5,896 -24-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 Retirement benefit schemes {Continued) Reconciliation of Opening and Closing Provisions 2024 2023 Provision at the start of the year Unwinding of discount Deficit contribution paid Actuarial re-measurements-. impact of any change in assumptions 3,759 144 (2,1481 5,896 111 {1,969) (100) Provision at end of year 1,756 3.938 Income and Expenditure Impact 2024 2023 Interest expense Actuarial re-measurements-. impact of any change in assumptions 144 111 (100) The following schedule details the deficit contributions agreed beeen the charity and the scheme at each year end period, it is these Contributions that have been used to derive the charity's balance sheet liability.. Deficit Contributions Schedule 2024 1.790 2023 2,148 1,790 2022 2,148 2.148 1.790 Year 1 Year 2 Year 3 Year 4 Year 5 Assumptions 2024 2023 2019 Rate of discount 5.31 5.52 2.35 The discount rates shown above are the equivalent single discount Thgtes which, when used to discount the future recovery plan contributions due, would give the same results as using a full AA corporate bond yield curve to discount the same recovery plan contnbution. -25-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds The income funds of the charity include restricted funds comprising the foll0Yng unexpended balances of donations and grants held on trust for specific purposes.. Movement in funds Income Expenditure Current year Balance at 1 April 2023 Transfers Balance at 31 March 2024 Age UK Cost of Living Armed Forces Covenant Fund BMDC Complex Care BDMC Buddy Scheme BDCT- PSN Building Better Lives (AUK NationallYBSI Equality Together- Lot 2 Equality Together Advice Consortium UKSPF Keighley UKSPF Queensbury UKSPF Shipley Independent Age Prosper Reaching Inequalities in the cty (RIC} Keith Howard Foundation Sky Fund Veterans Foundation Warm Homes Healthy People (Groundworks) Warm Homes Healthy People IBWYHP) WYCA Neighbourly 39.836 32,717 29,526 (39,836) (32,717) (7,486) (31,438) (14,252) 14,711 42,445 (36,751) 11,007 28,618 (14,366) 5.571 4.928 (5,571) (4,928) 44,000 5,523 3,771 4,636 15,863 21,319 (38,872) (2,660) (2,670) (4,636) (14,671) (37,153) 5,128 (2,863) (1 101) 1,192 5,917 9,917 24.542 12.728 1.500 2.500 18,333 (14,635) (1,250) (2,500) (18,333) 22.635 250 30,830 18,690 (12,010) 37,510 17.695 4.537 1.500 (17.695) (4.537) 1.500 191,986 240,250 (307,850) (45,164) 79,222 -26-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds {Continued) Purpose of restricted funds: Armed Forces Covenant Fund - to provide one to one wellbeing support to veterans across the district due to the impact of Covid 19. Access to work.. grant from the Dept of Work and Pensions to enable us to provide work experience for people on the government's Kick Start Scheme BMDC Complex Care.. this is fijnded through BMDC to provide a program of support to individuals referred by Adult Social Care and GPS surgeries to reduce dependency on statutory services and support, identifying and supporting people to deal issues that prevent leading the lives they would wish. BDMC Day Opportunities.. three individual grants to cary out person centered coproduction work with individuals communities to develop and deliver local activities and services the identify as being important to them. BDCT PSN: Pilot Project to fund PSN staff based in new NHS Health Hubs in Bradford South and East. Building Better Lives- funding from Age UK National to provide advice and support to people following a life changing experience. Equality Together Consortium - working wth partners in the voluntary sector to deliver advice and casework support, mostly around welfare benefits to older people with complex needs across Bradford District. Home Health a project funded by University College London (UCL) to research ways of helping people aged 65+ who are starting to find everyday activities more difficult to stay independent and healthy for as long as possible. Keighley Palhway.. AUKBD was a partner with a multi-agency support team seeking to address the pressures faced by the NHS through the delivery of discharge support to hospital patients. Kickstart - a government initiative through the Department of Work & Pensions which provided fvnding to organisations to create new jobs for 16 to 24 year olds on Universal Credrt who are at risk of long temi unemployment. BDCT Wellbeing Service.. AUKBD employed a PSN for the BDCT vthich they sUpeIsed and managed. This was short temi project. Prosper.. a research project exploring the issues around frailty in older people and their support needs. Reaching Inequality in the City - fvnding provided by Bradford and Craven District CCG to Bradford CVS to deliver a programme of welfare benefits advice through a range of partners including AUKBD to people referred by GP Surgeries in Bradford. Worth Connecting 2.. (positive minds) - working in partnership to promote and support digital inclusion through the provision of IT lessons and one to one support in use of IT and smart phones. Walking Football.. To establish a walking football group. BDcT-PcV.' Funds to employ a PSN to be based in and managed by BDCT. Groundworks: a project in partnership wth other agencies delivering a warm homes healthy people project purchasing and delivering winter wamith packs and Carrying out essential repairs to heating systemslboilers. Warm Homes Healthy People (BVVYHP): Provision of wan home packs. heaters and minor boiler repairs. -27-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds {Continued) Age UK- Cost of Living Support.. a grant from Age UK National to support AUKBD to respond to the needs of older people during the cost of living crisis. Veterans Foundation . a grant from the Veterans Foundation for the support of veterans. Transfer between funds - the transfers to unrestricted funds are due to the projects completing and there being no ongoing restrictions on the expenditure. Movement in funds Income Expenditure Prior year Balance at 1 April 2022 Transfers Balance at 31 March 2023 Armed Forces Covenant Access to work l DWP BMDC Complex Care BMDC Day Opportunity Grants BDCT- PSN Building Better Lives (AUK NationallYBSI Equality Together- Lot 2 Equality Together Advice Consortium Home Heath Keighley Pathway - MAST 2 Kickstart BDCT-WS Prosper Reaching Inequalities in the cty (RIC} Worth Connection 2 Walking Football BDCT-PC Vwdrm Homes Healthy People (Groundworks) Warm Homes Healthy People IBWYHP) Age UK- Cost of Living Support 32,619 34,815 2,765 176,537 30.843 73,228 (34,717) (2,765) (175,471) (31,394) (44,610) 32,717 28,460 551 29,526 28,618 30.000 (30,000) (3.100) 3.100 41,600 25,038 (41,600) (25,038) (464) (5,972) (6,000) (52,792) 464 5,972 6.000 56.676 2.033 5,917 14,859 7,309 12,418 29,532 1,127 5,200 (2,735) (36,841) (1,127} (5,200) 24,542 8,804 39.690 (17,664) 30,830 72,610 39,836 (72,610) 39,836 104,171 677,915 (590,100) 191,986 -28-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Analysis of net assets between funds Unrestricted Restricted 2024 2024 Total Unrestricted Restricted 2024 2023 2023 Total 2023 Fund balances are represented by: Tangible assets Current assets Long term liabilities 30,772 192,110 30,772 271,332 1,648 290,092 (1,790) 1,648 482,078 {1,790) 79,222 191,986 222,882 79,222 302,104 289,950 191,986 481,936 -29-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Operating lease commitments At the reporting end date the charity had outstanding commitments for fijture minimum lease payments under non-cancellable operating leases. which fall due as follows= 2024 2023 Within one year Beeen and five years 8,021 17,564 8,021 8,021 25,585 21 Related paty transactions There are no related party transactions in the current or prior year to disclose. 22 Cash generated from operations 2024 2023 (Deficit)Isurplus for the year 1179,831) 211,222 Adjustments for= Investment income Depreciation and impairment of tangible fixed assets Pension scheme adjustments (3,971) 3,331 (2,149) (186) 3,257 {1,858) Movements in working capital.. Decreasel(increasel in debtors Increasel{decrease) in creditors (Decrease)lincrease in deferred income 44,896 6.465 (11,981) {88.354) {22.605) 21,320 Cash generated by operations 1143,240) 122,796 23 Analysis of changes in net funds The charity had no debt during the current or previous financial year. -30-
AGE UK BRADFORD DISTRICT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Comparative Statement of Financial Activities Unrestricted Restricted funds funds Total 2023 Income from: Donations and legacies Charitable Income Other trading activities Investments 182,859 11,742 372,291 186 182.859 689.657 372,291 186 677.915 Total income 567.078 677.915 1,244.993 enditure on: Raising funds Charitable activities 409,539 34,132 409.539 624,232 590,100 Total expenditure 443,671 590,100 1,033,771 Transfers between funds Net income for the year 123,407 87,815 211,222 Other recognised gains and losses Actuarial gain on defined benefit pension schemes 100 100 Net movement in funds 123,507 87,815 211,322 Fund balances at 1 April 2022 166.443 104.171 270.614 Fund balances at 31 March 2023 289,950 191,986 481,936 31