**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: -
- We do not undertake any door-to-door fundraising activity.
- We do not ask for direct debit donations on the street.
- We do not share or sell people's data beyond the Age UK Group.
- We do not 'cold-call' people for fundraising purposes.
- We only phone people with whom we have an existing relationship or who have already permitted us to contact them.
- Every communication from us to members of the public will always include information on how to opt-out from future communications.
- We always stop direct debits or standing orders received from donors if family and friends advise us that the donor is vulnerable in some way.
- The Fundraising Standards Board regulates our fundraising, and as such, we always abide by the Institute of Fundraising Code of Fundraising Practice.
- We will keep our practices under review, and we will work with others to improve standards across the charity sector.
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:
- Provide quality services to older people who need our support in Bristol, with a particular focus on people at risk of health inequality.
- Lead and enable collaboration between other organisations working with older people.
- Influence public spending and policies in a way that benefits older people.
- Promote positive attitudes to ageing and age-friendly values.
We have identified our key challenges in 2023-24 as being that:
- Older people's health and wellbeing needs have increased significantly in recent years due in large part to prolonged periods of lockdown during the Covid19 pandemic.
- More older people are finding it hard to meet the increased costs of living, linked to fuel and other price rises.
- Our local authority faces intense financial pressure that will impact on funding available for statutory services just as demand increases. This will put added demand on our own services at a time when the council has less funding to commission our support.
- The statutory sector is focusing on place-based commissioning which poses a risk to a citywide organisation for older people.
.
These pressures also need to be considered alongside some potential new opportunities:
- The establishment of an Integrated Care System provides an opportunity for greater engagement with the NHS to improve the lives of older people.
- There are new funding opportunities for preventative initiatives that reduce the pressure on health services. - Bristol City Council and local charitable trusts are keen to support organisations like ours to get funding out to older people to help with cost-of-living pressures which will enable us to help support those most in need. - Our future relies on strong partnership working across the voluntary sector to strengthen our position when working in this new commissioning landscape and supporting more people with increasingly complex needs. Our strategic work to build alliances will stand us in good stead.
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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly 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 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:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; 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 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.
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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:
- when donors specify that donations and grants given to the charity are to be used in future accounting periods, the income is deferred until those periods;
- when donors impose conditions that have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions for use have been met; and
- when donors specify that donations and grants, including capital grants, are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in restricted income when receivable.
## **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).
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