2022-03-31-accounts - Age UK Newcastle and North Tyneside

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				Page
Board ofTrustees Report				1-16
Independent Auditors Report to the		Members	and Trustees	17-19
ofthe Charitable Company
Consolidated Statement	ofFinancial	Activities		20-21
Consolidated Balance Sheet				22
Charity Balance Sheet				23
Cash Flow Statement				24
Notes to the Consolidated	Financial	Statements		25-43

Company	Registration	0176357Registered	0176357Registered	in England and Wales	in England and Wales	in England and Wales
Charity Registration	Number:	1049527
Registered Office:		The Bradbury Centre
		13Saville Street West
		North Shields
		Tyne 8 Wear
		NE29 6QP
Board ofTrustees:		Mr R.Adams		Chair
		Mr R.D. Morton		Treasurer
		MrJ Booth		(resigned		March 2022)
		MsJ.Gillson		(resigned		January 2022)
		Ms T.J.Harrison
		Mr CSwan
		lvlrs A Scurfield
		Mr R Brown
		Mr M Cotton		(elected		September 2021)
Group Chief Executive:		Ms D. McNally		Group Chief Executive
Bankers:		Barclays Bank pic
		3Northumberland	Square
		North Shields
		Tyne 8 Wear NE301AX
Auditors:		Robson Laidler Accountants			Limited
		Femwood House
		Fernwood Road
		Jesmond
		Newcastle upon Tyne NE2			1TJ

			Note	I/ore stricted funds	Restricted funds	Designated funds	Total	Total
				2022f	2022	2022 6	2022 8	2021 F
Donations and legacies			4	12,974			12,974	71,215
Charitable activities			5	1,227,832	342,244		1,570,076	1,377,606
Other trading activities			6	4,959,303			4,959,303	4,386,650
Investments			7					267
Total Income				6,200,109	342,244		6,542,353	5,835,738
~E* sh
Cost ofraising funds
Trading activities				4,287,247			4,287,247	3,818,035
Charitable activities			8	1,806,664	342,244	20,190	2,169,098	1,862,513
Impairment offixed	assets							67,639
Total expenditure				6,093,911	342,244	20,190	6,456,345	5,748,187
Nst incoming/(outgoing) before transfers		resources		106,198		(20,190)	86,008	87,551
Gross transfers between		funds		45,042		(45,042)
Other recognised	gains	and losses
Actuarisl gain / (Loss) on		defined
benefit pension scheme						(15,000)	(15,000)	(2,000)
Net movement in	funds			151,240		(80,232)	71,008	85,551
Fund balances at 1	April	2021		776,880		1,039,975	1,816,855	1,731,304
Fund balances at	31 March 2022			928,120		959,743	1,887,863	1,816,855

Prior financial yea	r
				Unrestricted	Restricted	Designated	Total
				funds	funds	funds
				2021 6	2021 6	2021f	2021f
Income from:
Donations and legacies				71,215			71,215
Charitable actidties				1,084,871	292,735		1,377,606
Other trading actidties				4,386,650			4,386,650
investments				267			267
Total Income				5,543,003	292,735		5,835,738
]gg Chl
Cost ofraising funds
Trading actidties				3,818,035			3,818,035
Charitable actiVities				1,476,424	319,529	66,560	1,862,513
lm paiiment offixed	assets					67,639	67,639
Total expenditure				5,294,459	319,529	134,199	5,748,187
Net incoming/(outgoing) tra nsl'era		resources before		248,544	(26,794)	(134,199)	87,551
Gross transfers between		funds		(211,752)		211,752
Other recognised	gains	and losses
Actuarial gain I (Loss) on scheme		defined	benefit pension			(2,000)	(2,000)
Net movement in funds				36,792	(26,794)	75,553	85,551
Fund balances at 1	Apdil	2020		740,088	26,794	964,422	1,731,304
Fund balances at	31 March 2021			776,880		1,039,975	1,816,855

						Notes	2022	2021
Fixed assets
Tangible assets						13		721,424	667,363
In)astments						14		373,347	373,347
								1,094,771	1,040,710
Current assets
Stocks						15	20,721	11,492
Debtors						16	515,407	566,360
Cash at bank and	in hand						754,083	795,921
							1,290,211	1,373,773
Creditors: amounts		falling due within			one year	17	~4)4,455)	~485,814)
Net current assets								875,806	887,859
Total assets less	current			liabilities				1,970,577	1,928,569
Creditors: amounts		falling due within			one year	18	~82,714)		92,714
Net assets excluding			pension scheme		liability			1,887,863	1,835,855
Defined pension scheme				liability		23			(19,000)
Net assets								1 887,863	1,816,855
The funds ofthe	charity
Restricted funds						20
Unrestricted funds
General funds						21	411,778	491,065
Everyday Care & Support						21	516,342	285,815
Designated - strategic						21	119,640	207,364
Designated - Property			and pension			21	840,103	832,611
Total unrestricted		funds						1,887,863	1,816,855
Tots I charity funds								1,887,863	1,816,855

						CHARITY
				Notes	2022		2021 f
Fixed assets
Tangible assets investments				13 14		650,386 373,351		645,438 373,351
						1,023,737		1,018,789
Current assets
Stocks				15	1,081		1,433
Debtors				16	450,444		306,505
Cash at bank and in hand					147,897		365,030
					599,422		672,968
Creditors: amounts	falling due within		one year	17	~169,329		49,764
Net current assets						430,093		423,204
Total assets less current liabilities						1,453,830		1,441,993
Creditors: amounts	falling due within		one year	18		82,714)		92,714
Net assets excluding		pension scheme	liability			1,371,116		1,349,279
Pension scheme liabilities				23				(19,000)
Net assets						1371 116		1,139,279
The funds ofthe charity
Restricted funds				20
Unrestricted funds
General funds				21	411,373		290,304
Designated -strategic				21	119,640		207,364
Designated - Property Total inrestricted funds		and pension		21 21	840,103	1,371,116	832,611	1,330,279
Total charity funds						1,371,116		1,330,279

				Note	2022	2021
					5	F
Cash flows from operating activities
Net cash provided by (used in) operating	activities			27	80,636	223,482
Cash flows from investing activities
Interest received Purchase oftangible fixed assets Net cash provided by (used in) investing		activities			~112,474 (112,474)	267 ~48 831 (48,564)
Cash flows from financing activities Repayment of borrowings					~30,000	~4388
					(10,000)	(4,388)
Change in cash and cash equivalents					(41,838)	180,530
Cash and cash equivalents at the beginning the reporting period			of		795,921	615,391
Cash and cash equivalents at the end	of	the
reporting period					754,083	795,921
Breakdown ofcash and cash equivalents
Change in cash and cash equivalents					754,083	795921

Fixed assets AII fixed assets are initially recorded at	Fixed assets AII fixed assets are initially recorded at	cost. Items under	9500 in	value are generally not capi
The cost offixed assets is depreciated		over the expected	useful	lives of the asset as follows:
Freehold land			not depreciated
Freehold buildings	1.0%		straight	hne basis
Equipment	12.5%		straight	line basis
Fixtures 8 fittings	12.5%		straight	line basis
Office equipment	12.5%		straight	line basis
Motor vehicles	25.0%		reducing	balance basis
Computer equipment	333%		straight	line basis

Age UK	North Tynesi	d	e	e
Notes to	the financial		statements
For the year ended 31 March 2022
4.	Donations
					Unrestricted	Restricted	Designated	Total	Total
					funds	funds	funds	2022	2021
						6		6	6
	Donations				11,632			11,632	18,180
	Government	grants							50,405
	Legacy				1,342			1,342	2,630
					12,974			12,974	71,215
5.	Charitable activities
					Unrestricted	Restricted	Designated	Total	Total
					funds	funds	funds	2022	2021
					8	5	6	8	6
	Charitable trusts grants				223,617	342,244		565,861	588,464
	Contracts/SLA		income		808,852			808,852	706,152
	Private individuals				149,527			149,527	63,097
	income from transport				45,836			45,836	19,893
					1,227,832	342,244		1,570,076	1,377,606
6.	Other trading		activities
					Unrestricted	Restricted	Designated	Total	Total
					funds	fund	funds	2022	2021
						E			f
	Income from	EveryDay
	-Professional		care and support		4,847,395			4,847,395	4,313,839
	Catering income				74,726			74,726	62,581
	Rental income		from assets		25,168			25,168	7,358
	Income from	training		&support					2,860
	services
	Sale ofsundry		items		114			114	12
	Other income				11,900			11,900	12
					4,959,303			4959303	4386650
7.	Investment		income
					Unrestricted	Restricted	Designated	Total	Total
					funds	funds	funds	2022	2021
	Bank interest								267

8.1.Direct costs	8.1.Direct costs
			Unrestricted	Restricted	Designated	Total	Total
			Funds	Funds	Fund	2022	2021
			8	6		f	8
Staff &volunteer	costs		1,302,296	236,053		1,538,349	1,366,377
Premises costs			110,039			110,039	68,016
Overhead costs			242,984	14,343		257,327	117,840
Motor vehicle costs			17,623			17,623	14,744
Depreciation			27,405		20,190	47,595	76,537
Marketing 8 promotion			8,009	4,161		12,170	14,888
Food &provisions			3,004			3,004	2,280
Audit fees			7,200			7,200	6,000
Legal &professional		fees	61,511	1,739		63,250	46,004
Project 8 development		work	24,168	70,865		95,033	148,855
Sundry purchases	for re-sale		17,508			17,508	972
Service charge			(15,083)	15,083
			1,806,664	342,244	20,190	2,169,098	1,862,513

8.2.Support costs
	2022	2021
Executive team	60,588	92,741
Finance	114,883	129,031
HR &training	114,590	100,805
Marketing &communication	35,562	40,322
Quality &performance	19,757	20,161
Governance	22,391	20,161
Total support costs	367,771	403,221

8.3.	Governance	co	sts
				2022	2021
Staff	related costs			30,803	27,507
Legal	and professional		fees	18,346	21,790
Other	costs			(197)	17
Total	governance	costs		48,952	49,314


Profit and loss account	2022	2021
Turnover	4,922,121	4,379,299
Cost ofsales	(4,691,189)	~4,171,4M)
Net Profit	230,932	207,835
Balance sheet summary
Fixed assets	71,038	21,926
Current assets	905,304	1,021,559
Current liabilities	(459,595)	(556,523)
Net assets	516,747	486,962

he group su	rplus / d	eficit is stated after charging / (creditin	g)
			2022	2021
			6	5
Depreciation	—owed	assets	58,413	151,631

Total salary costs analysed	Total salary costs analysed	2022	2021
Wages	and saladies	4,931,828	4,282,392
National	insurance contributions	325,298	277,141
Pension	contributions	152,807	130,645
		5,409,933	4,690,178

		2022	2021
		No.	No.
Executive	team	2	1
Leadership	team	6	5
Managers		17	14
Co-ordinators		32	17
Nurses		1
Officers		24	27
Assistants		228	245
		310	309

	Freehold Land	Fixtures &	Motor
	&Buildings 5	Fittings	Vehicles 5	Totalf
Cost or valuation
At 1 April 2021	1,286,719	535,818	74,864	1,897,401
Additions		112,474		112,474
At 31 March 2022	1,286,719	648,292	74,864	2,009,875
Depreciation
At 1 April 2021	705,741	481,449	42,848	1,230,038
Charge for the year	20,189	30,220	8,004	58,413
At 31 March 2022	725,930	511,669	450,852	1,288,451
Net book value
At 31March 2022	560,789	136,623	24,012	721,424
At 31March 2021	580,978	54,369	32,016	667,363
Chadty	Fre eh old Lan d	Fixtures &	Motor
	&Buildings	Fittings	Vehicles	Total
	6	F	6
Cost orvaluation
At 1 April 2021	1,286,719	423,868	43,191	1,753,778
Additions		52,545		52,545
At 31 March 2022	1,286,719	476,413	43,191	1,806,323
Depreciation
At 1 April 2021	705,741	384,612	17,987	1,108,340
Charge for the year	20,189	21,107	8,301	47,597
At 31 March 2022	725,930	405,719	24,288	1,155,937
Net book value
At 31March 2022	560,789	70,694	18,903	650,386
At 31March 2021	580,978	39,256	25,204	645,438

At 1April 2020 and 31 lillarch 2021	1,235,652
Depreciation At 1April 2020	363,115
Charge for the year	12,357
At 31March 2021	375,472
Net book value
At 31March 2022	884,894
At 31March 2021	875,537

			Group	Group	Charity	Charity
			2022 F	2021	2022	2021f
	Investments	in wholly owned subsidiaries			4	4
	investment	Property	373,347	373,347	373,347	373,347
			373,347	373,347	373,351	373,351
15.	Stock
			Group	Group	Charity	Charity
			2022	2021	2022	2021
						6
	Consumables		20,721	11,492	1,081	1,433

Debtors
		Group	Group	Charity	Charity
		2022	2021	2022	2021
		E	E	E
Trade debtors		185,307	302,351	132,389	131,138
Prepayments		43,773	57,863	19,825	32,996
Other debtors		30,620		30,620
Accrued	Income	255,707	206,146	53,089	19,873
Amounts	owed by group companies			214,521	122,498
		515,407	566,360	450,444	306,505
Creditors
		Group	Group	Charity	Charity
		2022	2021	2022	2021
		E	E	E.	E
Trade creditors		52,259	64,256	22,933	41,513
Other creditors		33,741	29,868	14,730	10,210
Other taxes and social security		88,153	65,591	31,173	21,238
Accruals		206,876	211,138	67,117	61,742
Deferred income		23,376	105,061	23,376	105,061
Mortgage	(see note 18)	10,000	10,000	10,000	10,000
		414,405	485,914	169,329	249,764

As at 1 Apdl 2021	As at 1 Apdl 2021	105,061
Additions	in the year	23,276
Released	to income	(105,061)
As at 31	March 2022	23,376

	Group	Group	Charity	Charity
	2022	2021	2022	2021
	E		E	E
Mortgage	82,714	92,714	82,714	92,714

Unrestricted funds		- group
Year ended 31 March 2022			At				At
			1/4/2021	Income	Expenditure	Transfers	31/3/2022
				6
Unrestricted funds
General fund			491,065	1,277,988	(1,806,664)	449,389	411,778
Everyday Care &Support			285,815	4,922,121	(4,287,247)	(404,347)	516,342
			776,880	6,200,109	(6,093,911)	45,042	928,120
Designated funds
Property fund			851,611		(20,190)	8,682	840,103
Strategic Development		fund	207,364			(87,724)	119,640
Final salary pension	liability		(19,000)			19,000
			1,039,975		(20,190)	(60,042)	959,743
Total Unrestricted		funds	1,816,855	6,200,109	(6,114,101)	(15,000)	1,887,863
Year ended 31 March 2021			At				At
			1/4/2020	Income	Expenditure	Transfers	31/3/2021
Unrestricted funds
General fund			350,600	1,401,169	(1,380,450)	99,756	491,065
Everyday Care &Support			389,488	4,379,299	(4,171,464)	~311,508)	285,815
			740,088	5,780,468	(5,531,924)	(211,752)	776,880
Designated funds
Property fund			981,422		(134,199)	4,388	851,611
Strategic Development		fund				207,384	207,364
Final salary pension	liability		(17,000)			(2,000)	(19,000)
			964,422		(134,199)	(209,752)	1,039,975
Total Unrestricted		funds	1,704,510	5,780,468	(5,666,123)	(2,000)	1,816,855

Year	ended 31 March	ended 31 March	2022	At				At
				1/4/2021	Income	Expenditur	Transfers	31/3/2022
						e
					E	6
Unrestricted funds
General fund				290,304	2,224,935	(2,163,908)	60,042	411,373
Designated funds
Property fund				851,611		(20,190)	8,682	840,103
Strategic Development fund Final salary pension liability				207,364 ~(19.999			(87,724) 19,000	119,640
				1,039,975		(20,190)	(60,042)	959,743
Total	Unresb icted	funds		1,330,279	2,225,935	(2,184,098)		1,371,116
22.	Analysis of	net	assets	between funds
	For the year	ended 31 March 2022
					Unrestncted	Restricted	Designated	Total
					Funds	Funds	Funds	Funds
	Tangible fixed assets				160,635		934,136	1,094,771
	Net current assets				767,485		108,321	875,806
	Creditors due	after one year					(82,714)	(82,714)
	Defined pension		scheme	liability
					928,120		959,743	1,887,863

		Unrestdicted	Restricted	Designated	Total
		Funds	Funds	Funds	Funds
Tangible fixed assets		86,385		954,325	1,040,710
Net current assets		690,495		197,364	887,859
Creditors due after one year				(92,714)	(92,714)
Defined pension scheme	liability			(19,000)	(19,000)
		776,860		1,039,975	1,816,885

enefit accrual. The disclosures below is pr Scheme"):	ovided in respect of Age UK	Retirement Benefit S	cheme ("th
Total costs recognised in the period:		2022 5'000	2021 6'000
Current service costs		13	14
Past service costs
Other finance costs
Pension expense recognised as an expense		13	15
Amount recognised as other comprehensive	income	(28)	(17)
Total recognized		(15)	(2)
The amounts recognised in the balance sheet are as follows:		2022 5'000	2021 6'000
Fair value ofscheme liabilities		(2,560)	(2,663)
Fair value ofscheme assets		2,735	2,644
Surplus in the scheme (not recognised)		175	(19)

				2022	2021
Change in present value of	the defined benefit obligation:			F'000	6'000
Opening defined benefit obligation				2,663	2,472
Interest cost				55	54
Actuarial (gain)/loss arising on scheme liabilities				(73)	214
Benefits paid (including expenses)				(85)	(77)
Liabilities in scheme at end	ofthe year			2,560	2,663
				2022	2021
Change in fair value ofscheme assets				6'000	6'000
Opening fair value ofscheme	assets			2,644	2,455
Expected return on scheme assets				55	53
Actuadial (losses)/gains				74	197
Employer contdibutions				60	30
Benefits paid (including expenses)				(98)	(91)
Total market value ofassets				2,735	2,644
Major categories ofscheme	assets as a percentage		oftotal assets	2022	2021
				0/	0/
Equities				16.7	19.3
Diversified growth				12.6	12.5
GIRs and bonds				59.9	68.8
Infrastructure				9.5
Cash				1.3	2.4
				100	100
				2022	2021
				6'000	6'000
The actual return on scheme	assets for the year was			250	185
Principle actuarial assumptions		at the balance sheet date		2022 0/	2021
Discount rate				2.8	2.1
Rate ofincrease in payment	of pre 2006 pensions			3.6	3.1
Rate ofincrease in payment	ofpost 2006 pensions			2.5	2.5
Inflation rate (RPI)				3.6	3.1
Inflation assumption (CPI)				2.8	2.3

The assumed	The assumed	life expectations	2022 Years	2021 years
RetiYing	today	—males	87.1	87.1
Retiring	today	—females	89.5	89.4
Retiring	in 20	years —males	88.1	88.1
Retiring	in 20	years —females	90.6	90.6

Group	Group	Charity	Charity
2022	2021	2022	2021
8	6	6	6
	14,216
	14,216

					2022	2021
					8
Net income / (expenditure)			for	the period	86,008	87,551
~Ad' I~	I f
Investment	income					(267)
Depreciation					58,413	151,631
Pension scheme adjustment					(34,000)
(Increase)	/ Decrease	in stock			(9,229)	(2,025)
Decrease /	(increase)	in debtors			50,953	77,709
(Decrease)	/ increase	in creditors			(71,509)	(81,117)
Net cash provided by		operating		activities	80,636	233,482

		1Apr	Cash	31 Mar
		2021	flows	2022
		f
Short	term cash borrowings	(10,000)		(10,000)
Long	term cash borrowings	(92,714)	10,000	(82,714)
Total	liabilities	(102,714)		(92,714)
Cash	and cash equivalents	795,921	(41,838)	754,083
Total	net debt	693,207	(31,838)	661,369