REG15TEREO COMPANY NUMBER: 02984207 IEngland and Wales) REGISTERED CHARITY NUMBER.. 1042548 ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 Bri Sumer Audltco Limlted 30 Gay Street Bath BAI 2PA A e UK Bristol Contents of the Financial statements for rEn Page Report of the Trustees Report of the Independent Auditors 9 to 12 Statement of Financiir l Actlvities 13 Balance Sheet 14 Cash Flow Statement 15 Notes to the Cash Flow Statement 16 Notes to the Financlal statements 17 to 34 A e U K Brlstol Re ort of the Trustees lor the Year Ended 31 March 2024 The Trustees who are also Directors of the charity for the purpose5 of the Companies Act 2006, present thelr report with ihe financlal statements of the charlty for the year onded 31 March 2024. The Trustees have adopted the provisions of Ac¢ounling and Reporting by Charities: Statement of Recommended Practice applicable to charitles preparin8 their accounts In accordance wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectlves and alms To promote the relief of elderly people In any manner which now Dr hereafter may be deemed by law to be charitable in and around Bristol {hcrein after called 'the area of benefit"), STRATEGIC REPORT Investment pollcy and objectlves The Trustees have considered the most appropriate policy for investing funds and have decided to hold charity funds In speclalSst charlty bank accoiints, These have given a very modest Income for the year, In Ilne wlth slmllar deposlts. Reserves pollcv The Trustees have established a policy whereby the remaining unrestricted funds not committed or invested in tanglble flxed assets I'the free reserves,) held by the charlty should be between 3 and 6 months of the resources expended. This policy equates to £150,000 to £300,000 In general term5. At this level, the Trustees feel that they would be able to continue the current actlvltSes of the cha rity In the event of a slgnlflcant drop In funding. It would be nece55ary to conslder how to replace fundSng or change our actlvilies, At present, the free reserves, which amount to E279,917, are withln this ran8e and Include some grant income that has been recognised, but the costs have not yet been Incurred. Pa8e I e UK Bristol Re ort of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT {contlnued) Flnanclal revlew The organisètion contlnues to develop strong working relationships with other voluntary, communlty and social enterprise IVC5E) organisations along wlth organisations In the wider Integrated Care System IICSI in order to deliver effective services in a time of economic uncertainty In the country. AUK8 is a member of the Steerlng Group of the VCSE Alliance and of the Integrated Care Partnership IICPI, advocatin8 for older people's voliintary sector services. Trustees are aware that the comlng year will continue to be challenglng and that AUKB must continue to adapt flexibly to meet public need and to ensure the organisation is workinE as cost efficiently as possible. Durlng the year,, al The Information & Advice service supported older adults to clalm beneflts and allow¢ince5, ralsinE over £2.2m for older people. The team also gave out small client Erants totalling over £50,000 on behalf of Brlstol Clty Council, St Monica Trust and the Anchor Soclety. In total they supported over 2,500 older people. b} New Beglnnlngs day service provided actlvities and support for older people. Referrals Increased slowly and we saw servlce users wlth more complex needs. There continued to be great need for daytime Support for older adults and respite for familial carers. CI AUKB'5 Memory Connectlon5 servlce provldod two charged-for co8nilive stimulation therapy sessions for people wlth low.moderate dementla in Henleaze and Wlthywood. The session in north Brlstol proved extremely popular, but we had to close the group in south Bristol and re-open a second in tlie north. dl A lack of approprlate referrals to our pilot Home Support servlco In south Brlstol meant that the service was not financially viabl@ and unfortunately we had to close the sorvlce. e} The LinkA8e FAB service provided a range of in-person and virtual activitie5. Membership of our Friends Ageing Better IFAB) network increased to 1,800 older adults who received regular updates Dn event5 and aclivities and a growlng range of services to reduce social Isolatlon, We updated and distributed 'What's On Guides, for North, South, and Inner City/East Bristol , FAB'S soclal support to a nurse-led clinlc for lower leg wounds endcd when partlcipatlng GPS closed the clinlcs. We successfully concluded a 3 year peer befriending service and have an academically verified modol that could be restarted with future funding. We trained older people as tal chl Instructors and supported them to offer freellow cost Scssions for older people. f) Our Go5nE Home from Hospltal team expanded In October wlth funding from Bristol City Council IBCC), In anticlpation of expansion into the Bristol Royal Inf]rmary, Referrals from Southmead Hospltal rose steadily as the mLIItI-sector Integrated model was developed with funding confirmed to July 2024 and with a commitment from the council to 5ecurinE ongoin8 fundlng for AUKB'S service until March 2025. 8) We contlnued our strateglc role In the city through a range of Inltiatlve5 and progfammes., Page 2 A e UK Bristol Re ort of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT (contlnuedl Financlal revlew -The Bristol Ageing Bett¢r IBAB) Alllance. convened by AUKB and with support from Quartet and The ParEiter Trust offered networking meetings and regular newsletters to the wlder Support Hub of organisatlons for older people. The BAB Alliance establlshed a link to the emer8in8 VCSE Alllance across Bristol, North Somerset & South Gloucestershire18NSSG). These new links enabled an Informatlon 5harin8 connection from the Support Hub through to the ICP via the VCSE Alliance. Actlve Agein8 Bristol (A4B) facilitated physical activlty and proactive preventat¢ve care across the ICS, funded by the IC8'5 'Agelng Well Programme,. Thls included work on plloting research into practise with the 'REACT' pre-falls programme; prevention of deconditionlng while in hospital,. and the use of dance wlth people with dementia wlthln a hospltal settlng. AAB successfully dellvered Year 2 of the 'Building Boats,. Building Lives, project on the harbour and 'BrSstol Walk Fest 2023,. Unfortunatety the ICB closed tlie Ageing Well programme at short notice. Strong represen¢atlon from VCSE leaders led to the ICB extending funding on two separate occaslons for several services, Including Active Lives projects, Tlie Connecting Communities programmo concluded. This had re.plloted flve successful models of support from the BAB programme, funded bythe IC8's Ageln8Well programme. Two ofthese were Internal proJects run by AUKB and three were models delivered by external organisations intludSng the distribution of mlcrogrants to community organisations across BNSSG, The ICB closed the AgeSng Well prograrnme but we secured extended fundin8 on two separate occasions for several ofthe services that had been successful. We co-hosted four events for the 8rlstol Research Forum on Agelngjointly with the Universlty of Brlstol and Universlty of the West of England to brin8 latest research and Innovatlve practice to the attention of ¢ommlssioners, practitloners, organlsations and older people. The free events continue to generate wlde Interest and In 2023.2024 focused on Autism, Older Prisoners, Re.Imaglnlng Day Centres and Arts and Creativity, - In October 2023, we led the Celebratlng A8e Festival, showcasing servlces jolntly with VCSE colleagues and lii8hlightin8 the posltive contribution of older people to life In the city. h) Our lease was renewed on S February 2024 for a term of three years wlth a three month break clause and we now only pay servlce chargc and rates, Our 5th floor tenants opted to leave when our lease ended and our offices are now 501ely on ground floor, We Continue to explore longer term optlons for office premises, j) AUKB had one legacy of £2,000 paid In the year (2023 £23,469), We received notification for two additional legacies and are awaiting probate and payment. While the payment has been less this financial year, the number of notlflcatlons of legacy Income is in Ilne with previous years and we antlclpate funding being received. We are looking into promotion of legacies to capitali5e on this income stream in the lon8er term. kl AUKB had 33 paid staff at 31 March 2024, 9 of whom worked full time and 24 part-time, makin8 a full time equlvalent of 20 pald staff. We had one person on bank staff. During the year AUKB recrulted 8 new staff. 13 people left AUKB durin8 the year, 6 due to service closure or the end of temporary funding. 11 AUKB'S work is supported by volunteers, During the year we had 99 volunteer5 who gave 14,300 volunteering hours <2022-23.. 79, 12,087 hours), Piige3 A e UK 8rlstol Re ort of the Trustees for the Year Ended 31 March 2024 STRATEGIC REPORT (continued) Fundralslng AUKB has a Fundraising Policy in Ilne with the Institute of Fundraising SEE. Our Communications & Fundraislng Manager Is an indlvidual member of the Institute of Fundraising and leads and monitors all fundraisin8 actlvity. Our standards bound all staff and volunteers and we are fully compliant wlth the Same and have recelvod no complciints about our activlty. Our standards protect people because.. We do not undertake any door-to.door fundraising activltv. We do not ask for difect debit donations on the street. We do not share people's data without their consent and we never sell people's data We do not 'cold.call' people for fundraising purposes. We only phone people with whom we have an exlsting relationshlp or who have glven consent Everycommunication from us to mombers of the public includes Information on how to opt.ovt from future communlcations. We stop direct debit5 or standing orders received from donors if family and friends advise us that the donor Is vulnerable in some wav. The Fundralsing Standards Board regulates our fundraisin8 and we always ablde by the Instltute of Fundraising Codo of Fundraising Practice. We wlll keep our practlces under review. Flnanclal and rlsk management obJe¢tlves and poll¢les The Trustees have conducted re8ular bi.annual reviews of the signlf Icant risks to which the charity is exposed. Systems have been put In place to mitl8ate those rlsks. AUK8 has a Strategic Plan which allows for the dlversification of f undin8 and actlvitles. Internal threats are mlnimi5ed by the implementalion of procedures for authorlsation of all tiansactlons and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are revlewed to ensure that they stlll meet the needs of the charity, Pago 4 A e UK Bristol Re ort of the Trustees for the Year Ende 31 March 2024 STRATEGIC REPORT (continued) Future plans Our Strategic objectives are to improve people's quality of later life by: . Llstening to what older people say they need - Providing good quality services and support, co.designed with older people, with a particular focus on reducing health inequalities Improving older people's financlal securlty and social connectlons Promoting innovation by hiEhlightin8 and participating in research on aEeln8 Collaborating Wlth other organisations working Wlth older people Influencing public spending and policies In a way that benefits older people and campaigning for the avallablllty of f ree and accessible public servlces . Encouraging positive attltudes to ageing and age.friendly values. We identified our key challenges in 2023-24 as being that.. Older people's health and wellbeing needs had increased significc1ntly due In large part to the on80in8 Impact of the Covld pandemic compounded by cost of Ilvln8 pressures. More older people stru68led to meet the increased costs of livin& linked to fuel and other price rises, Our loca l authorlty faced Intense flnancial pressure that Impacted on funding just as demand for support Increased. The statutory sector focused on hyper-local, place-based commissionlng whlch posed a risk to a citywide or8anlsation. These pressures went alon8side some potential new opportunlties.. Our Ilnks wSthin the ICS pyovided 8reater opportunities to improve the lives of older adults. There were f undin8 opportunities for preventatlve Inltlatives to reduce the pressure on health and social care services. BCC and local charltable trusts provided u5 Wlth funds for people on low incomes and we were able to hi8hli8ht our need for funding to enable us to assess and support people. An appetite for greater collaboratlon across the VCSE. The Trustee5 are pleased to report that the charlty continued to serve its beneficiarles throu8h reshaping Its offer in line wlth changlng needs. In addition, collaboratlve working wlth other organisations, and pivotlng services to support the NHS and BCC mitlgated some of our challen8es. Trustees acknowledge the challenEes the organisation wlll face in future, but are satisfied tliat the organlsation has sufficleni funds to contlnue to operate. Trustees can see that there are sufficient avenues of oppoitunity for AUKB to pursue and are of the opinion that if AUK8 continues to work In partnershlp and to promote Its offer con51stently, there Is potential for the organisation to Improve it's financial positlon. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document, a deed of tru5¢ and constitutes a limited companv, limited by guarantee, as defined by the Companies Act 2006. The charitable company was set up under a Memorandurn 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 ratllicatlon at each AGM. Trustees may stand lor 2 f urther terms of 3 years. In cxceptlonal circumstances, a Trustee with parlicular skills may be asked to continue for a further 3 year term. Page 5 e UK Bristol Re ort of the Trustees for the Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Trustee5 and members Trustees, who are Directors for the purpose of company law and Trustees forthe purpose of charlty law, who served during the year and up to the date of this report, are set out on page 7. Members of the charitable company guarantee to contrlbute an amount not exceedlng El ¢0 the assets of the charltable company In the event of winding up. No Trustee was relmbursed travelllng and subslstence expenscs incurred durlng the year. Trustee, Directors and Officers, lia bility in the aggregate for all claims mado for the period of insurance has a Ilmlt of indemnity of £l,OCKJ,000. The Insurer's total liablllty for all frustee, Director oi Officcrs is IO% of the Limit of Indemnity or £1￿,000, whichever is the lesser. Recrultment and appolntment of new trustees Potential Trustees are Identified by the Chairman and other Trustees or througl) appropriate