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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 02984207 (England and Wales) REGISTERED CHARITY NUMBER: 1042548

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2023

for

Age UK Bristol

Moore Chartered Accountants and Statutory Auditor 30 Gay Street Bath BA1 2PA

Age UK Bristol

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 13
Statement of Financial Activities 14
Balance Sheet 15
Cash Flow Statement 16
Notes to the Cash Flow Statement 17
Notes to the Financial Statements 18 to 34

Age UK Bristol

for the Year Ended 31 March 2023

Report of the Trustees

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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

Objectives and aims

To promote the relief of elderly people in any manner which now or hereafter may be deemed by law to be charitable in and around Bristol (herein after called "the area of benefit").

STRATEGIC REPORT

Investment policy and objectives

The Trustees have considered the most appropriate policy for investing funds and have decided to hold charity funds in specialist charity bank accounts. These have given a very modest income for the year, in line with similar deposits.

Reserves policy

The Trustees have established a policy whereby the remaining unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the charity should be between 3 and 6 months of the resources expended (excluding the expenditure on behalf of Bristol Ageing Better). This policy equates to £150,000 to £300,000 in general terms. At this level, the Trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. It would be necessary to consider how to replace funding or change our activities. At present, the free reserves, which amount to £368,051, is slightly above this range. This is due to a number of projects where grant income has been recognised but the costs have not yet been incurred.

Page 1

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

STRATEGIC REPORT Financial review

Review of the year

The organisation consolidated changes to its services in 2022-23 to enable it to better meet the increased and changed needs of older people following the Covid pandemic. This includes increased levels of physical and mental ill health, as well as general poor wellbeing. Additionally, cost of living pressures have resulted in increased demand for our free information and advice services.

This year the organisation has focused on improving internal systems and processes and has invested more time in developing strong working relationships and collaborating with external organisations. The newly established Integrated Care Board (ICB) in July 2022, led to a greater focus by the statutory sector on working with, and commissioning services from, the voluntary sector, and Age UK Bristol has engaged strongly with the emerging Integrated Care System and is now a member of the Integrated Care Partnership Board, advocating for older people's voluntary sector services.

Trustees are aware that the coming year will continue to be challenging and that Age UK Bristol must continue to adapt flexibly to meet public need and to ensure the organisation is working as cost efficiently as possible.

During the year:

a) The Information & Advice service supported older people to claim for benefits and allowances, raising at least £2.1m in total for older people (figure does not include people who omitted to let us know the outcome). This free service to older people is funded only through fundraising activity. The team also gave out small client grants totalling over £56,000 on behalf of Bristol City Council, St Monica Trust and the Anchor Society. In total they supported 2,105 older people of whom 1,026 were completely new to our organisation. They had 6,405 client contacts and helped with 4,223 issues.

b) New Beginnings day service provided activities and support for older people. We have had slowly increasing numbers of people attending the day service, but service users are now in need of greater levels of support than in previous years, which requires a higher staff-service user ratio and limits the numbers of people we can take in the centre on a daily basis. These factors have reduced our ability to raise income from the service at pace.

c) The Home Support service has seen a steady increase in referrals from the city council and in self-funders and is making a modest income. City council contracts make up a good proportion of our income for this service.

d) The LinkAge service provided a range of in person and virtual activities for people who are unable to meet others in person such as telephone chat groups and art sessions on Zoom. With the benefit of funding from the ICB, the Friends Ageing Better (FAB) network was increased to 1,500 older people who receive regular updates on events and activities across the city and we developed and published What's On Guides for North, South, and Inner City/East Bristol. FAB increased the number of social cafes offered with a focus on reducing social isolation and supporting people with potential health inequalities. We partnered a nurseled clinic for lower leg wounds, providing support to meet people's wider needs. We expanded the number of volunteers working with isolated older people through a peer befriending service. Our focus on peer support options encouraged us to train older people to become tai chi instructors offering free/low cost sessions for other older people.

Page 2

Age UK Bristol

for the Year Ended 31 March 2023

Report of the Trustees

STRATEGIC REPORT

Financial review

e) Our tenants on 5th floor Canningford House remained in situ, meaning that we will make savings on the rent for that office for the remainder of the term of the lease. Staff continued to work in a hybrid way, which means we can now manage for all staff to spend time in the office each week.

f) Our Going Home hospital discharge support service became a small team working in Southmead Hospital in January 2023. This innovative new service brings voluntary sector staff into hospital discharge team meetings with a view to improving performance in respect of discharge in local acute trusts. The new service heralded proposals for extending into another hospital later in the year, all ultimately funded by the ICB from government 'Winter Pressures' funding. Importantly, we achieved a commitment from the ICB to fund the service until September 2023 and to try to secure funding from a mainstream budget to enable the project to continue to March 2025 in order to bring stability and enable us to grow a viable and effective service.

g) The National Lottery Community Fund commissioned a final year's work from the Bristol Ageing Better programme to embed learning and provide a legacy. This included a further year's funding for work on Age Friendly City. The programme ended on 31 March 2023, having achieved statistically significant outcomes that continue to inform the statutory sector's commissioning and which provide a library of learning, shared on our website for the widest benefit.

h) We continued our strategic role in the city through a range of initiatives and programmes.

The Support Hub for Older People moved to bi-monthly networking meetings, hosted by a newly established alliance of six organisations working with Age UK Bristol. The establishment of the Bristol Ageing Better Alliance, with support from Quartet and The Pargiter Trust, has enabled strategic collaboration on agefriendy related matters. The Hub is a collaboration between voluntary organisations who work with older people, convened by Age UK Bristol.

Active Ageing Bristol set up a new programme called Active Lives with the ICB funding and piloted initiatives to improve and maintain older people's physical wellbeing, key priorities for the ICB. These included work on falls prevention, and prevention of deconditioning while in hospital. Active Ageing Bristol also pioneered work on the use of dance with people with dementia, intergenerational boat-building on the harbour and an innovative piece of research with University of Nottingham to trial the use of telepresence robots in people's homes.

We set up the Connecting Communities programme which re-piloted five successful models of support from the BAB programme, funded by the ICB. Two of these were internal projects run by AUKB and three were models that involved funding external organisations including distribution of microgrants to community organisations across BNSSG as voted on by a panel of older people.

We co-hosted four events for the Bristol Research Forum on Ageing jointly with the University of Bristol, University of the West of England and Brunelcare to bring latest research and innovative practice to the attention of commissioners, practitioners, organisations and older people.

In October 2022, we led the Celebrating Age Festival, showcasing services jointly with VCSE colleagues and highlighting the positive contribution of older people to life in the city.

Page 3

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

STRATEGIC REPORT

Financial review

i) We were successful in two bids to the ICB and established two new programmes of work: Connecting Communities recommissioned five of the models that were successful under Bristol Ageing Better and Active Hospitals, Active Lives focused on evidence-informed projects to prevent deconditioning of patients while in hospital and on falls prevention. A range of one year projects were trialled under both programmes.

j) Age UK Bristol received legacies of £23,469 in the year ended 31 March 2023 (2022 £22,021). This remains in line with income from legacies in 2021 and 2022, and we are continuing to look at ways to increase legacies and donations which have in general dropped since the start of the Covid pandemic.

k) Much of our work is carried out by volunteers working with paid staff. During the year we were supported by 79 volunteers on average, offering approximately 12,087 hours. This continues to be a major contribution to our work and we were pleased to see that the number of people offering to volunteer for us has increased this year. The impact of the Covid pandemic had been to reduce the number of older volunteers available to us due to lockdown and the impact of the pandemic on their own wellbeing or that of their families. Cost of living pressures also mean that people are having to work for longer, meaning that older people in general have less time to volunteer.

Fundraising

Age UK Bristol has in place a fundraising standards policy in line with the Institute of Fundraising SEE. Our Communications & Fundraising Manager is an individual member of the Institute of Fundraising. These standards bound all colleagues, staff and volunteers working on our behalf. Age UK Bristol is fully compliant with these standards. The Fundraising & Communication Manager leads and monitors all fundraising activities. There have been no complaints received by the charity or the Fundraising Officer for fundraising. Age UK Bristol protects vulnerable people by complying with our Fundraising Standards, which include: -

Page 4

Age UK Bristol

for the Year Ended 31 March 2023

Report of the Trustees

STRATEGIC REPORT

Financial and risk management objectives and policies

The Trustees have conducted their review of the significant risks to which the charity is exposed. Systems have been put in place to mitigate those risks. Age UK Bristol has a strategic plan which will allow for the diversification of funding and activities. Internal threats are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are reviewed to ensure that they will still meet the needs of the charity.

STRATEGIC REPORT

Future plans

Our strategic objectives are to:

We have identified our key challenges in 2023-24 as being that:

.

These pressures also need to be considered alongside some potential new opportunities:

The Trustees are pleased to report that the charity has continued to serve its beneficiaries through reshaping its offer to older people in line with changing needs. In addition, collaborative working with other organisations, and pivoting our services to support the NHS is mitigating some of the challenges we have identified.

Page 5

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

STRATEGIC REPORT

Future plans continued

Trustees would like to make note here that significant and critical challenges to the organisation have been assessed and that these continue to guide future plans. Trustees acknowledge the difficulties the organisation will face during the coming years, but are satisfied that the organisation has sufficient funds to continue to operate. Trustees can see that there are sufficient avenues of opportunity for Age UK Bristol to pursue and are of the opinion that if Age UK Bristol continues to transform and promote its service offer consistently, there is potential for the organisation to generate more funds and diversify income streams.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charitable company was set up under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Under those Articles, the Trustees are elected at the AGM to serve a period of 3 years, subject to ratification at each AGM. Trustees may stand for 2 further terms of 3 years. In exceptional circumstances, a Trustee with particular skills may be asked to continue for a further 3 year term.

Trustees and members

Trustees, who are Directors for the purpose of company law and Trustees for the purpose of charity law, who served during the year and up to the date of this report, are set out on page one.

Members of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2023 was 4 (31 March 2022 was 4).

No Trustee was reimbursed travelling and subsistence expenses incurred during the year. Trustee Indemnity Insurance cover was in place at the cost of £1,289 (2022, £1,238).

Key management and the Chief Executive Officer, were paid total remuneration during the year of £58,533 (2022, £59,394). The level of payment is set by the Trustees, taking into account the responsibilities of the post and the level of income of similarly responsible positions in the local charitable sector.

Recruitment and appointment of new trustees

Potential Trustees are identified by the Chairman and other Trustees or through appropriate advertisement and invited to attend a board meeting before deciding whether to accept the appointment.

A skills audit of existing Trustees is undertaken, and the recruitment of Trustees designed to rectify gaps in the skills available and maintain those currently covered. In general, Trustees will bring specific expertise (e.g. financial or legal) or will have experience of working with older people in the charitable sector.

Page 6

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

Organisational structure

The full Board of Trustees meets every eight weeks to determine policy and monitor performance.

The day to day management of the charity is entrusted to the Chief Executive. The Chair and/or Vice-Chair meet regularly with the Chief Executive to direct the organisation.

Induction and training of new trustees

Trustees are provided with a handbook which gives details of the organisation and functions of the charity, and the legal and other responsibilities of Trustees. New Trustees also have an induction session with the Chief Executive, when they are introduced to key staff and the principal activities of the charity.

STRUCTURE, GOVERNANCE AND MANAGEMENT Related parties

The charity is federated to the national organisation Age UK, to whom a subscription is paid. Age UK provides the framework for trading activities. Age UK also provides support for the Advice and Information work and other advice as required.

Age UK Bristol (AUKB) attends meetings of the Bristol Older People's Forum, which rents a room from AUKB, and which campaigns on behalf of older people, representing the views of approximately 3,000 more older people in Bristol.

Embridge Consulting Ltd rent an office from AUKB.

In this financial year, Bristol City Council funded two services that are important to the work AUKB carries out (a new Home Support service and New Beginnings day service).

How our activities deliver public benefits

All the activities of the charity are designed to benefit any member of the public who falls within the age criteria. This is achieved either by directly improving the comfort, psychological welfare, or financial position of the service users or by indirectly enabling service users to improve their circumstances.

The Trustees confirm that they have duly taken note of the guidance published by the charity commission.

Page 7

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02984207 (England and Wales)

Registered Charity number

1042548

Registered office

Canningford House 38 Victoria Street Bristol BS1 6BY

Trustees

P J Scott (appointed 16.9.23) Ms M E Malpass - Chair of the Board of Trustees V Cheng (resigned 23.11.23) R E Campbell J B Currie (resigned 23.11.23) Ms J I Brown Ms Y M Gordon Ms P Mutesva (resigned 1.4.23) M Rashid (resigned 31.10.23) G K Robertson (resigned 24.11.22) Ms J Sutton Ms E Masha (appointed 22.8.23)

Auditors

Moore Chartered Accountants and Statutory Auditor 30 Gay Street Bath BA1 2PA

Bankers

Triodos Bank plc Deanery Road Bristol BS1 5AS

Page 8

Age UK Bristol

Report of the Trustees

for the Year Ended 31 March 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Age UK Bristol for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Moore, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 18[th] December 2023 and signed on the board's behalf by:

................................................................. Ms M E Malpass – Chair of the Board of Trustees

Page 9

Report of the Independent Auditors to the Members of Age UK Bristol

Opinion

We have audited the financial statements of Age UK Bristol (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and 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 (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 sufficient 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern 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 with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. 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 misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Page 10

Report of the Independent Auditors to the Members of Age UK Bristol

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 internal 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 11

Report of the Independent Auditors to the Members of Age UK Bristol

Our 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 error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the company.

Our approach was as follows:

We obtained an understanding of the legal and regulatory requirements applicable to the company and considered that the most significant are the Companies act 2006, Charities Act 2011, the Charity SORP, and UK financial reporting standards as issued by the Financial Reporting Council.

We obtained an understanding of how the company complies with these requirements by discussions with management and those charged with governance.

We assessed the risk of material misstatement of the financial statements, including the risk of material misstatement due to fraud and how it might occur, by holding discussions with management and those charged with governance.

We inquired of management and those charged with governance as to any known instances of noncompliance or suspected non-compliance with laws and regulations.

Based on this understanding, we designed specific appropriate audit procedures to identify instances of noncompliance with laws and regulations. This included making enquiries of management and those charged with governance and obtaining additional corroborative evidence as required.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 12

Report of the Independent Auditors to the Members of Age UK Bristol

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Powell (Senior Statutory Auditor) for and on behalf of Moore

Chartered Accountants and Statutory Auditor 30 Gay Street Bath BA1 2PA Date: .............................................

Page 13

Age UK Bristol

Statement of Financial Activities for the Year Ended 31 March 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Income from charitable activities
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Charitable activities
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
48,612
1,366,472
74,456
1,489,540
11,067
1,271,615
1,282,682
206,858
(133)
206,725
166,077
372,802
Restricted
funds
£
-
454,676
-
454,676
-
451,251
451,251
3,425
133
3,558
-
3,558		 31.3.23

Total
funds
£
48,612
1,821,148
74,456
1,944,216
11,067
1,722,866
1,733,933
210,283
-
210,283
166,077
376,360		 31.3.22
Total
funds
£
29,759
809,047
28,105
866,911
8,194
1,159,547
1,167,741
(300,830)
-
(300,830)
466,907
166,077

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 14

Age UK Bristol

Balance Sheet

31 March 2023

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Investments
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
4,752
81,402
44
435,185
516,631
(148,580)
368,051
372,803
372,803
Restricted
funds
£
-
-
-
40,286
40,286
(36,729)
3,557
3,557
3,557		 31.3.23

Total
funds
£
4,752
81,402
44
475,471
556,917
(185,309)
371,608
376,360
376,360
372,803
3,557
376,360		 31.3.22
Total
funds
£
12,333
133,615
44
868,609
1,002,268
(848,524)
153,744
166,077
166,077
166,077
-
166,077

The financial statements were approved by the Board of Trustees and authorised for issue on 18[th] December 2023 and were signed on its behalf by:

.............................................

M E Malpass – Chair of the Board of Trustees

The notes form part of these financial statements

Page 15

Age UK Bristol

Cash Flow Statement

for the Year Ended 31 March 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.3.23
£
(393,799)
(393,799)
-
661
661
(393,138)
868,609
475,471		 31.3.22
£
295,070
295,070
(3,112)
90
(3,022)
292,048
576,561
868,609

The notes form part of these financial statements

Page 16

Age UK Bristol

Notes to the Cash Flow Statement

for the Year Ended 31 March 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 31.3.23
£
210,283
7,581
(661)
52,213
(663,215)
(393,799)		 31.3.22
£
(300,830)
9,177
(90)
(48,760)
635,573
295,070

2. ANALYSIS OF CHANGES IN NET FUNDS

Net cash
Cash at bank and in hand
Liquid resources
Deposits included in cash
Current asset investments
Total		 At 1.4.22
Cash flow
At 31.3.23
£
£
£
868,609
(393,138)
475,471
868,609
(393,138)
475,471
-
-
-
44
-
44
44
-
44
868,653
(393,138)
475,515		 At 1.4.22
Cash flow
At 31.3.23
£
£
£
868,609
(393,138)
475,471
868,609
(393,138)
475,471
-
-
-
44
-
44
44
-
44
868,653
(393,138)
475,515
475,471
-
44
44
475,515

The notes form part of these financial statements

Page 17

Age UK Bristol

Notes to the Financial Statements for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern

We have prepared projections that show there is sufficient cash to meet our liabilities as they fall due for at least 12 months from the date of signing of the financial statements. We will continue to review, change and adapt our approach to ensure our ongoing ability to achieve our mission and goals.

The financial statements have been prepared on a going concern basis as the Trustees consider that they have appropriate funding and reserves in place to continue to provide services and support for our service users for at least 12 months from the date of signing of the financial statements.

Income

Income including grants is included when receivable, except as follows:

Legacies

Legacies are recognised as receivable when the administrators of the estate have advised the charity of the approximate amount of the legacy. Any amounts above the original estimate are taken into income as received.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Categorisation of expenditure

'Cost of generating voluntary income' includes all expenditure directly or indirectly associated with the generation of funds, including the costs of the volunteer co-ordinator.

'Charitable activities' includes all costs incurred concerning the delivery of services.

continued...

Page 18

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

The charity is partially exempt for VAT purposes therefore expenditure is reported inclusive of any non-recoverable VAT.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

Donations and gifts
Age UK Grants
Legacies		 31.3.23
£
38,458
154
10,000
48,612		 31.3.22
£
27,201
20,257
(17,699)
29,759

continued...

Page 19

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

3. INVESTMENT INCOME

INVESTMENT INCOME
Rents received
Deposit account interest		 31.3.23
£
73,795
661
74,456		 31.3.22
£
28,015
90
28,105

Rents received are from the sub-letting of the 5[th] floor of Canningford House to a third party. 4. INCOME FROM CHARITABLE ACTIVITIES

31.3.23 31.3.22
Activity £ £
Income from charitable activities
Charitable activities 1,821,148 809,047

continued...

Page 20

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

4.
INCOME FROM CHARITABLE ACTIVITIES - continued
New Beginnings
Bristol City Council
Self-funded client fees
One-off small grants
Information and Advice
Later Life Goals
Age UK Warm Homes
Dementia Wellbeing Service
Age UK Scams 21-24
Other
Client grants
Dementia advisor
Cost of living advice
Quartet
John James Foundation
Public Health
BCD Welcoming - Quartet
Veterans
Going Home Pilot
Ministry of Justice Prisons
Home Support
Bristol City Council
Self-funded clients
Active Ageing Bristol
Bristol Walk Fest
Boat Building/Building Lives
ReACT
BCC Public Health
Other
Anchor Society
St Monica Trust
Bristol Health Partners
Sport England
Thriving Communities		 Total 2023
£
148,276
27,241
1,412
176,929
12,325
8,931
15,184
25,000
19,695
66,170
41,000
15,484
10,247
1,138
-
-
-
-
24,078
239,252
54,747
20,447
75,194
18,264
15,242
10,000
28,216
12,572
-
-
-
-
-
84,294
Total 2022
£
178,696
11,303
-
189,999
13,000
4,774
15,184
10,000
10,200
-
-
-
-
10,000
9,810
7,498
587
40,820
37,475
159,348
-
-
-
27,144
-
-
-
11,760
25,000
2,886
24,719
4,869
10,500
106,878

continued...

Page 21

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

4.
INCOME FROM CHARITABLE ACTIVITIES - continued
Bristol Ageing Better
National Lottery Community Fund
LinkAge
FAB BAB
FAB Tai Chi
Telephone groups
ICC
Buddy Up (Peer Support)
Other
Veterans
Anchor Society funding
Active Together
Art on Zoom
Memory Connections
Recharges
Other
Support Hub
Bereavement peer support
St Monica Trust - MH & Wellbeing Partnership
Connecting Communities
NHS - El Microgrants
Active Lives
NHS - HIT
NHS - TTT Trailblazers
NHS - BHP
CSMC - Community Services - Memory Connections
Bristol City Council
Self-funded clients
CC FAB - Memory Connections
Quartet		 12,743
12,743
59,700
22,395
3,600
37,230
20,000
12,261
-
-
-
-
-
-
-
155,186
-
-
-
28,000
28,000
179,081
71,713
25,362
276,156
15,200
2,740
2,000
5,000
24,940		 199,650
199,650
10,000
3,405
-
-
-
1,927
14,895
45,492
6,716
951
6,973
5,963
1,927
96,322
14,512
42,338
56,850
-
-
-
-
-
-
-
-
-
-
-

continued...

Page 22

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Going Home
NHS - British Red Cross
NHS - pilot
WECHI (BCC) - Winter pressures
Strategic - Creating the Conditions
BCC
ICB - ConnectED
National Lottery Community Fund
Quartet
John James Foundation
Celebrating Age Festival
Core
Partner Support
Legacies
Embridge Consulting Ltd
Other
Restricted - St Monica Core Advice work
St Monica Trust
Restricted - St Monica Core Hub
St Monica Trust
Restricted - FAB Cost of Living
LinkAge
Restricted - NHS Connecting Communities
NHS		 16,668
50,978
91,764
159,410
51,425
15,000
45,937
17,257
2,000
800
132,419
10,000
200
1,175
3,317
14,692
7,500
500
175
433,758
1,821,148		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
809,047

continued...

Page 23

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

4. INCOME FROM CHARITABLE ACTIVITIES - continued

Deferred income

Income includes the following amounts received in 2021/22 but deferred to 2022/23 and excludes the following income received in 2022/23 applied to 2023/24:

Deferred Deferred
to 2023/24 from 2022/23
£150,969 £813,962

This is received grant funding, deferred for future project work, that have performance related conditions and that meet the deferred criteria.

5. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
31.3.23 31.3.22
£ £
Staff costs 11,067 8,194

6. CHARITABLE ACTIVITIES COSTS

Services
New Beginnings
Information and Advice
Home Support
Bristol Ageing Better
Community Development
LinkAge
Support Hub
St Monica Peer Support
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going Home
St Monica-Core advice work
St Monica-Core Hub
FAB Cost of living
NHS Connecting Communities		 Direct
Costs
£
7,861
165,510
219,882
61,389
7,491
56,125
125,385
-
-
24,000
18,454
63,281
240,561
89,088
7,633
500
175
395,553
1,482,888		 Support
costs
£
57,863
25,780
1,059
13,805
1,695
4,208
11,854
-
-
4,000
2,181
68,770
10,224
334
-
-
-
38,205
239,978		 Total
2023
£
65,724
191,290
220,941
75,194
9,186
60,333
137,239
-
-
28,000
20,635
132,051
250,785
89,422
7,633
500
175
433,758
1,722,866		 Total
2022
£
147,564
176,038
191,003
-
251,743
175,135
109,819
88,246
20,000
-
-
-
-
-
-
-
-
-
1,159,547

continued...

Page 24

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

7. SUPPORT COSTS

Basis of allocation
Services
New Beginnings
Information & Advice
Home Support
Bristol Ageing Better
Community Development
LinkAge
Connecting Communities
Community Services -
Memory Connections
Strategic - Creating the
Conditions
Active Lives
Going Home
NHS Connecting Communities
Comparative
Basis of allocation
Services
New Beginnings
Information & Advice		 Premises
Space used
£
6,064
14,135
-
12
-
-
10
4,000
1,534
66,884
-
-
38,112
130,751
Premises
Space used
£
95,442
18,270
227
113,939		 General office
& finance
Hours worked
£
37,846
11,645
1,059
13,793
1,695
4,208
11,844
-
647
1,886
224
334
93
85,274
General office
& finance
Hours worked
£
48,006
4,687
2,294
54,987		 Governance
Income
£
13,953
-
-
-
-
-
-
-
-
-
10,000
-
-
23,953
Governance
Income
£
21,711
-
-
21,711		 Total
2023
£
57,863
25,780
1,059
13,805
1,695
4,208
11,854
4,000
2,181
68,770
10,224
334
38,205
239,978
Total
2022
£
165,159
22,957
2,521
190,637

continued...

Page 25

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.3.23 31.3.22
£ £
Audit fee 8,040 6,600
Other non-audit services 2,040 1,920
Depreciation - owned assets 7,581 9,177

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' Indemnity policy

A Trustees' indemnity policy was in place during the year, at a premium of £1,289 (2022 £1,238).

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 31.3.23
£
654,961
44,026
36,102
735,089		 31.3.22
£
592,695
44,301
31,158
668,154

No employees received emoluments in excess of £60,000.

continued...

Page 26

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

10. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

2023 2022
Full-time Full-time
Full-time Part - time Bank equivalent equivalent
Management and administration 2 7 - 5 5
New Beginnings - 14 2 5 3.5
Bristol Ageing Better - - - - 3.5
Services 2 5 - 5 1
Information and Advice 4 1 - 4 4
Linkage - - - - 1
Home Support - 7 2 4 1
Connecting Communities 1 2 - 2 -
Active Ageing Bristol 1 - - 1 1
10 36 4 26 20

Remuneration of key management

Key management is those persons having authority and responsibility for planning, controlling, and directing the activities of the company. In the opinion of the Board, the critical management is Trustees and the Chief Executive Officers of the company. Total compensation to key management personnel was £58,533 (2022 £59,394).

Pensions

The Chief Executive of Age UK Bristol participates in the Pension Trust's Growth Plan. The Plan is a multi-employer defined benefits plan and is not contracted out of the State scheme.

The Growth Plan is a "last man standing" multi-employer scheme. If a withdrawing employer is unable to pay its debt on withdrawal, the liability is shared amongst the remaining employers. The participating employers are, therefore, jointly and severally liable for the deficit of the Growth Plan.

Age UK Bristol has been notified by The Pensions Trust of the estimated employer debt on withdrawal from the Plan based on the financial position of the Plan as at 30th September 2022. As of this date the estimated employer debt for Age UK Bristol was £2,702 (2022 £4,671), and no contribution was required towards the deficit.

The rest of the staff are enrolled in the NEST pension scheme. The National Employment Savings Trust is a defined contribution workplace pension scheme.

continued...

Page 27

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
29,759
Charitable activities
Income from charitable activities
609,397
Investment income
28,105
Total
667,261
EXPENDITURE ON
Raising funds
8,194
Charitable activities
Charitable activities
907,804
Total
915,998
NET INCOME/(EXPENDITURE)
(248,737)
RECONCILIATION OF FUNDS
Total funds brought forward
414,814
TOTAL FUNDS CARRIED FORWARD
166,077
Restricted
funds
£
-
199,650
-
199,650
-
251,743
251,743
(52,093)
52,093
-
Total
funds
£
29,759
809,047
28,105
866,911
8,194
1,159,547
1,167,741
(300,830)
466,907
166,077

continued...

Page 28

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2022 and 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments and accrued income
14.
CURRENT ASSET INVESTMENTS
Listed investments		 Fixtures
and
fittings
£
73,256
69,274
2,087
71,361
1,895
3,982		 Computer
equipment
£
85,896
77,545
5,494
83,039
2,857
8,351
31.3.23
£
49,458
31,944
81,402
31.3.23
£
44		 Totals
£
159,152
146,819
7,581
154,400
4,752
12,333
31.3.22
£
132,602
1,013
133,615
31.3.22
£
44

continued...

Page 29

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accruals and deferred income		 31.3.23
£
24,191
149
160,969
185,309		 31.3.22
£
23,200
259
825,065
848,524

The deferred income of £150,969 (2022 £813,962) is received grant funding, deferred for future project work, that have performance related conditions and that meet the deferred criteria.

16. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 31.3.23
£
64,643
-
64,643		 31.3.22
£
76,015
38,496
114,511

continued...

Page 30

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

17. MOVEMENT IN FUNDS

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going Home
Restricted funds
Bristol Ageing Better
St Monica Core Advice work
TOTAL FUNDS		 At 1.4.22
£
141,806
14,771
-
9,500
-
-
-
-
-
166,077
-
-
-
166,077		 Net
movement
in funds
£
25,710
(14,361)
33,972
33,469
25,018
5,425
2,267
25,371
69,988
206,859
3,557
(133)
3,424
210,283		 Transfers
between
funds
£
(133)
-
-
-
-
-
-
-
-
(133)
-
133
133
-		 At
31.3.23
£
167,383
410
33,972
42,969
25,018
5,425
2,267
25,371
69,988
372,803
3,557
-
3,557
376,360

continued...

Page 31

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

17. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
New Beginnings
Information and Advice
Home Support
Active Ageing Bristol
LinkAge
Connecting Communities
Community Services - Memory
Connections
Strategic - Creating the Conditions
Active Lives
Going Home
Restricted funds
Bristol Ageing Better
St Monica Core Advice work
St Monica Core Hub
FAB Cost of living
NHS Connecting Communities
TOTAL FUNDS		 Incoming
resources
£
102,501
176,929
254,913
75,194
93,802
162,257
28,000
26,060
134,318
276,156
159,410
1,489,540
12,743
7,500
500
175
433,758
454,676
1,944,216
Resources

expended
£
(76,791)
(191,290)
(220,941)
(75,194)
(60,333)
(137,239)
(28,000)
(20,635)
(132,051)
(250,785)
(89,422)
(1,282,681)
(9,186)
(7,633)
(500)
(175)
(433,758)
(451,252)
(1,733,933)
Movement

in funds
£
25,710
(14,361)
33,972
-
33,469
25,018
-
5,425
2,267
25,371
69,988
206,859
3,557
(133)
-
-
-
3,424
210,283

Bristol Ageing Better

Bristol Ageing Better (BAB) fund is in relation to a 6 year Big Lottery grant. The BAB programme funds several projects to reduce social isolation, but the major focus turned to the development of an AgeFriendly City strategy and the dissemination of learning from the programme. It aims to ensure that ongoing funding for projects and work streams (most of which were delivered by external organisations and not Age UK Bristol) with evidence of successful outcomes would be secured.

St Monica Core Advice work

Grant funding provided by St Monica Trust for staff resources to enable the distribution of one-off grant funding to older people in need of financial support to help with cost of living pressures. Funding for the one-off grants provided by St Monica Trust, Dolphin Society and Bristol City Council.

continued...

Page 32

Age UK Bristol

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

17. MOVEMENT IN FUNDS - continued

St Monica Core Hub

Grant funding for oversight of a suite of projects to support older people's mental health, delivered by external voluntary sector organisations. Age UK Bristol supported the external organisations to come together with separate, but linked projects to bid for the grant, held regular meetings of all partners, designed monitoring and wrote the monitoring reports for the funder. The various projects were designed to support people who would find it particularly difficult to re-engage with their communities following the Covid pandemic and periods of lockdown (e.g. people with sight impairment, people with alcohol or drug addiction)

FAB Cost of living

Funds to enable the continuation of a range of support services aimed at reducing social isolation and improving people's wellbeing, as part of the Friends Ageing Better project.

NHS Connecting Communities

The Integrated Care Board's Ageing Well programme provided funding for the Connecting Communities programme. The programme delivered five key projects that had previously been piloted by the Bristol Ageing Better programme. Two of these were provided by Age UK Bristol, two were delivered by external providers and one project released small community microgrants to a range of voluntary and community organisations.

Comparatives for movement in funds

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
Support Hub
St Monica Peer Support
Sport England Tackling Inequalities
AAB Health & Wellbeing
AAB Thriving Communities
Restricted funds
Bristol Ageing Better
TOTAL FUNDS		 At 1.4.21
£
350,676
-
-
-
-
-
20,000
5,340
18,798
20,000
414,814
52,093
466,907		 Net
movement
in funds
£
(134,158)
14,771
(25,703)
(8,376)
(9,337)
(31,296)
(20,000)
(5,340)
(18,798)
(10,500)
(248,737)
(52,093)
(300,830)		 Transfers
between
funds
£
(74,712)
-
25,703
8,376
9,337
31,296
-
-
-
-
-
-
-		 At
31.3.22
£
141,806
14,771
-
-
-
-
-
-
-
9,500
166,077
-
166,077

continued...

Page 33

Age UK Bristol

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

17. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
New Beginnings
Information and Advice
Active Ageing Bristol
LinkAge
MOJ
Support Hub
St Monica Peer Support
Sport England Tackling Inequalities
AAB Health & Wellbeing
AAB Thriving Communities
Restricted funds
Bristol Ageing Better
TOTAL FUNDS		 Incoming
resources
£
21,598
190,809
127,825
132,121
100,483
37,475
56,950
-
-
-
-
667,261
199,650
866,911
Resources

expended
£
(155,756)
(176,038)
(153,528)
(140,497)
(109,820)
(37,475)
(88,246)
(20,000)
(5,340)
(18,798)
(10,500)
(915,998)
(251,743)
(1,167,741)
Movement

in funds
£
(134,158)
14,771
(25,703)
(8,376)
(9,337)
-
(31,296)
(20,000)
(5,340)
(18,798)
(10,500)
(248,737)
(52,093)
(300,830)

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023 (None for 2022).

Page 34