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2023-03-31-accounts

Page
Board ofTrustees Report t -16
Independent
Auditors
Report to the		 Members and Trustees 17- tg
ofthe Charitable
Company
Consolidated
Statement		 of Finanasl Activities 20-21
Consolidated
Balance Sheet		 22
Charity Balance Sheet 23
Cash Flow Statement 24
Notes to the Consolidated Financial Statements 25 - 45

Company Raglstratlan Raglstratlan Number: 01763679Registered In England England and Wales
Charity Registration Number: 1049527
Registered Office: The Bradbury
Centre
13Seville Slreet West
North Shields
Tyne 5 Wear
NE29 6QP
Board ofTrustees: Mr R Adams Chair
Mr R D. Morton Treasurer
kilr R Brown (resigned December 2tI22)
kllr
M Cotton
hfr. L. Gilder (elected IVlarch 2rI23I
Ms. T.J.Harrison
IVlrs. A. Scurfield
'Mr. C.Swan
Dr A. Kent (elected June 2022)
Miss H Altchison (elected April 2023i
Group Chief Executive: Ms D. IVlclu ally Group Chief Executive
Bankers: Barclays Bank pic
86 Park View
Whltley
Bay
Tyne 8 Wear NE26 3RA
Auditors: Robson Laidler Accountants Limited
Fernwaod
House
Fernwaod
Road
Jesmand
Newcastle
upon Tyne
NE2 1TJ

%lots Unrestricted Unrestricted Restricted 0asigna ted Total Total
funds funds funds
2023 2023 2D23 2023 2022
9 5
Income from:
Donations
and lag aoas		 4 91,585 91.565 12,974
Charitable
active as		 5 1,531,944 178,002 1.809.946 1,570.076
Other trading
activities		 6 6 5 6,274,468 4 959303
Tots IIncome 7 997977 176602 8175979 6 542 353
~Ex endlture
on:
Cost of raising funds
Trading
activities		 5,102.191 5,102, I9 I 4,287,247
Ch an tab le activitie s 7 2,765,627 178,002 9,890 2,953,519 2,169.008
lrnpairrnent
of fixed assets
Total expenditure 86 618 1 8062 9696 8055716 6456345
Net gains
/ losses on investmenis		 22.M9 22,869
Met incomingl(outgoirig)
before transfers		 resources 153,028 (9.890) 143,138 86,DG8
Gross transfers
oetween funds		 349,259 (349,259)
Other recognised gains and
Actuanal
gain /(Loss) on defined
benefit pension scheme		 (32,000) (32.000) (15,000)
Net movement
in funds		 502,287 (301,149) 111,138 71,008
Fund balances
at I Anni 2022		 928,120 959,743 1.667.S63 1,516,855
Fund balances at 31 March 2023 1,430.407 568,594 1,999,001 1,887.863

Unrestricted Restricted Oesig nate d Total
funds funds funds
2022 2022 2022 2022
8 6 6
Income fr om:
Donations
and legacies		 12,974 12,974
Cheritable
activities		 1,227,632 342,244 1,570,076
Other trading
activities		 4,959 303 4,959,303
Tots I Income 6200 109 342 244 0542 353
Expenditure
on:
Cost of raising funds
Trading
activities		 4.287,247 4,267,247
Chantab le
acbvities		 1.806,664 342,244 20,190 2,169,096
Impairment
of fixed assets
Total expenditure 6093,911 342 244 20 190 6406 345
Net gains
I losses on investments
Net in coming((outgoing)
before transfers		 resources 106,198 (20,180) 86,008
Gross transfers
between		 funds 45,042 (45,042 l
Other recognised
gains		 and losses
Actuarial
gain I (Loss) on
pension scheme		 defined benefit (15,000) (15.000)
Net movement
in funds		 151,240 (80,232) 71,008
Fund balances at 1 Anni 2021 776 880 1,039.975 1,816,855
Fund balances at 31 Starch 2022 928,120 959,743 1,887,863

Note 2023 2022 2022
Fixed assets
Tangible assets 12 6S6,649 721,424
Inveslm cols 13 373347
686,649 1,094.771
Current assets
Stocks 14 7,925 20,721
Debtors 15 486,335 515,407
Cash at bank and
in		 hand 1,312070 754,083
1,11~8,330 1,290,2'l1
0 0tt:
t		 1 ili 8 0 it8 7 16 ~495.978 414,405
Net current assets 1 312.352 875 806
Total assets less current liabilities 1.999,001 1.970,577
Creditors: amounts falling due after one year 17
Net assets excluding pension a~berne Ilabhity 1,999,001 1,887,863
Defined pension so'berne liability 22
Total assets less current liabilities 1 999001 1 887863
The funds ofthe charity
Reslrlclerl
funds		 19
Unresldcted
fund s
General
funds		 20 670,617 411,77S
Everyday Care & Support 20 759,790 516,342
Desiqnated
—slrateqic		 20 189,640 119,640
Designated - Properly and pension 20 378,954 840,103
Total unrestricted funds 1,999,001 1687,863
Total charity
funds		 1999001 1 887 863
These financial statemenls were approved by the Board of Trustees on!44/~. c2023
and are signed		 on their behalf by:

Note 2023 2022
Fixed assets
Tangible assets 12 562,122 650.386
Invs st ments 13 4 373,351
662,126 1,023,737
Current assets
Stacks 14 885 1,081
Debtars 15 332,138 450,444
Cash at bank and in hand 526 154 147,897
859,177 599,422
6
dk
.'		 t I III 6 d %161 *7 16 ~162.992 169,329
Net cur re nt assets 677 085 430,093
Total assets less current liabilities 1.239,211 1,453,830
Creditors: amounts falling due after one year 17 ~?2141
Net assets excluding pension scheme liability 1,239,211 1,371,116
Pension scheme
liabilities		 22
Total assets less current liabilities 1 239 211 I 371.116
The funds ofthe chanty
Restricted funds 19
Unrestricted
funds
General funds 20 638,617 411,373
Desiqnated
—strateqic		 20 189,640 119,640
De siqnated
-Property		 and pension 20 410,954 840,103
Total Unrestricted funds 20 1,239,211 1,371,116
Total charity funds 1.239 211 I 371116

hiote 2023 2022
6
Cash flows from operating
activities
Net cash provided
by (used in) operating		 activities 28 293,092 80,636
Cash flows from investing
activities
Proceeds on disposal of investment
property		 3915216
Proceeds on disposai
of fixed assets
Purchase
of tangible
fixed assets		 113,414
{10~2,024		 ~II2.474
kst cash provided
by (used in) investing		 activities 347.609 (112,474)
Cash flows from financing
activities
Repay
m ent of b or rowi ngs		 82,714 ~10.00+0
(82,714) (10.000)
Change
in cash and cash equivalents		 557,987 (41.838)
Cash and cash equivalents
at the beginning		 of 754,083 795,921
the reporting
period
Cash and cash equivalents
at the end		 of the
reporting
period		 I 312D70, 704,D03
Breakdown
ofcash and cash equlva! ants
Change
in cash and cash equivalents		 1,312,070 764,083

The aost of fixed assets is depreciated The aost of fixed assets is depreciated over the expected useful lives of the asset ss follows:
Freehold
land		 not depreciated
Freehold buildings 1,0% straight fine basis
Equipment 12.5% straight line basis
Fixtures &fittings 12.5% straight line basis
Office equipment 'l2.5% straight line basis
IV!alar vehicles 25.0% reduolng balanCe basis
Computer
equipment		 333% straight line basis

Donations
Unrestricted Restricted Designated Total Tots I
funds funds funds 2023 2022
f f. f f
Donations 21,565 21,565 11,632
Legacy 70,000 7D,DDD 1,342
91,565 91,565 'I2,974

Unrestricted Restricted Designated Tote! Total
funds
f.		 funda funds 2023f 2022
f
Chan table trusts grants 240,351 178,002 4'I8,353 565,661
Contracts/SLA income 1,036,862 1,036,862 606,652
Private individuals 301,507 301,507 149,527
Income from transport 53,224 53,224 45,636
1,631,944 178,002 1,8D9,946 1,570,D76
Other tr ading activities
Unrestricted Restricted Designated Total Total
funds fund funds 2023 2022
f f
Income from EveryDay
-Professional care and 6,140,435 6,140,435 4.647,395
support
Catering income 126,951 126,951 74.72B
Rental income from assets 6,220 6,220 25,168
Sale of sundry items 162 162 114
Other income 700 700 11.900
6,274,468 6,274, 468 4,959,303

7.1. Direct cost s
Unrestricted Restricted Designated Tata I Tote I
Funds Funds Fund 2023 2022
f
Staff 5 volunteer casts 1,594,984 122,301 1,717,285 1,538,349
Premises casts 755,995 755,995 110,039
Overhead
costs		 250,618 14,190 284,808 257,327
Motor vehicle costs 23,315 23,315 17,623
Depreciation 30,251 9,890 40,141 47,595
Loss on disposal offixed assets 2,670 2,670
Marketing
& promotion		 2,959 3,494 12,170
FOod 8 prov isicn s 4,732 4,732 3,004
Audit fees 8.520 e,520 7,200
Legal 5 profeasiOnal feea 38,339 38,339 63,250
Project &development work 19,498 40,976 60,474 95,033
Sundry
purchases		 for re-sais 33,746 33,746 17,508
2,T65,627 178,002 9,890 2,953,519 2,169,098

7.2. Support costs
2023 2022
Executive team 102,1S9 60,588
Finance 143,549 114,883
HR &training 160,581 114,590
Markebng
& communication		 42,579 35,562
Quality
& performance		 34,063 19,757
Governance 25,547 22,391
Total su ppart costs 508.5DB 367,771
7.3. Governance cos ts
2023 2022
Staff related casts 26,046 30.803
Legal and professional fees 19.996 18,346
Other costs 1.065 (197)
Tots I governance costs 47,107 48,952

Profit and lass arcount 2023 2022
E 6
Turnover 6,261,930 4,922,121
Cost of sales (5.555,335( ~4,59(,(59(
i4et Profit 606,595 230,932
Balance sheet summary
Fixed assets 124.528 71,038
Current assets 1,160,(517 905.3I34
Current
liabilities		 ~(525,355 ~459,595(
Net assets 759,790 516,747
EveryDay
Homes
Ltd
EveryDay
Homes		 Ltd was incorporated on 21 February 2019, the company has remained dormant for the period
ended 31 March 2023
Net income
/ expenditure
The group surplus I defi(st is stated after charging f (creditingl
2023 2022
6 f.
Depreciation
—owed assets		 60,513 58,413

2023 2022
Total salary costs analysed by
Wages and salaries 5,732,100 4,931,828
National insurance contributions 416,534 325,298
Pension contnbutions 171,664 152,807
6,320,298 5,4D9,933
2023 2022
bio. No.
2023 2D22
No. No.
Executive team 2 2
Leadership team 6 6
Managers 17 17
Co-ordinators 32 32
Nurses 1 1
Officers 24 24
Assistants 25 228
332 310

12. Tangible
fixed assets
Group
Freehold
Land		 Fixtures 8 Motor
8 Buildings
f.		 Fittings
f		 Vehicles
f		 Tots I
F
Cost or valuation
At
1 Apnl 2022		 1,286,719 648,292 74,864 2,009,675
Additions 31,020 76,316 54,685 162,021
Di epos ale (117,300) (190,076) (28,423) (335,799)
At 31 March 2023 1,200,439 534,532 101,126 1,836,097
Depreciation
At 1 Apnil 2022 725,930 511,669 50,852 1,288,451
Charge for the year 9,890 41.782 8,841 60,513
Diepcsale (5,989) (168,945) (24,582) (201,800)
At 31 March 2023 729,831 384,506 35,111 1,149,448
Net book value
At 31 March 2023 470,608 150,026 66,015 686,649
At 31 March 2022 560,789 136,623 24,012 721,424

Charity Freehold
Land &
Buildings		 Fixtures
fsFltt ln0a
6		 htoto r
Vehicles		 Total
Cost or valuation
At
1 April 2022		 1,286,719 476,413 43,191 1,806,323
Additions 31,020 45.349 76,369
Dlepos ale (117,300) (176,800) (294,1DD)
At 31 March 2023 1.200.439 344,962 43,191 1,588,592
Depreciation
At
1 April 2022		 725,930 405,719 24,288 1,155,937
Charge
for the year		 9,890 26,003 4,126 40,619
(5,989) (164,097) (170,086)
At 31 March 2023 729,831 267,625 29,014 1,026,470
Net book value
At 31 March 2023 47D,608 77,337 14,177 562,122
At 31 March 2022 560,789 70,694 16,903 650,386
At 1 April 2023 and 31 March 2023 1,235,652
Depreciation
At 1 April 2022		 375,472
Charge
for the year		 12,357
At 31 Marrh 2023 387,829
Net book value
At 31 March 2D23 847,823
At 31 March 2022 860,180

Group Group Charity Charity
2023 2022 2023 2022
2
Investments in wholly awned subsidiaries
Inveslment Properly 373,347 373,347
373,347 373,351
Investment
property
Cost or valuation
At
1 April		 2022 373,347
Additions
Disposals (373,347)
At 3 I March 2023
14. Stock
Group Group Charity Charity
2023 2022 2023 2022
5 f. 2
Con sum a blas 7,925 20,721 885 1,081

Age UK North Tynèsido Notès to thè flnaneial slaterhents For the yoar ond$d 31 March 2023 15. D•btors Group 2023 Group 2022 Charity 2023 Charity 2022 Trade debrors 10S.868 43,232 184.307 43.773 30,62Q 255,707 41,489 18,859 132,389 19.825 30.620 53,089 214,521 450.444 Prepayment5 Other debloTS Accnied Income Amounts owed by group companifjs 339.235 59.606 212,184 332,138 488,335 515.407 16. roditors Group 2023 Group 2022 Charity 2023 Charity 2022 Trade creditors Oiher crèditors Amounts c>wecl to group ur%dert8kiws Other laxe5 and social security Accruals Deferred income Mortgagelsee note 181 59,921 38,353 52,259 33,741 32,190 13,243 22,933 14,730 100,167 224,367 T3,1TO 88,153 206,876 23.37e 10,000 414.405 28,475 35,014 73,170 31,173 67,117 23,376 10,000 495.978 182,092 169,32C Defer￿￿ In¢ome Delerred Incomo compr15es grants relat1ng lo future penods as follows. As a11 April 2022 Addilions in the year Released lo income 23,376 73,170 123,376} 73,170 As at 31 March 2023 17. Crodilors: amounts falling duo aft•r one year Group 2023 Group 2022 Charlty 2023 Charity 2022 Morlgage 82,714 82.714 36

Loan payable Loan payable falling due
Group Group Charity Charity
2023 2D22 2023 2022
8 9 8
Within 1 year 10,000 10,000
Between 2 and 5years 40.000 40,000
Mare than 5years 42,714 42,714
92.714 92,714
19. Restricted funds
Year ended 31 March 2D23 At At
1/4/2D22 Income Expenditure Transfers 31/3/2023
E 9 f
Baitinger Trust 10,000 (10000)
Headley
Trust		 17,500 (17,500)
Age UK Later Life Goals 13,991 (13,991)
Armed Forces Coven ani trust 24,528 (24.528)
Sporting
Forces		 18,689 (18,689)
Big lottery
Fnendly
Places		 Faces in Loca! 8,918 (8,916)
Big Lottery Community
Fund—
Ageing Belter		 12,338 (12,338)
Big Lottery Ending Loneliness 12,000 (12,000)
NHS CCG Healthy Ha'bile 60,040 (60,ij40)
178,DD2 (178,002)

20. Unrestricted Unrestricted funds ~ group
Year ended 31 March 2023 At At
1/4/2022 Income Expenditure Transfers 31/3/2023
Unrestricted funds
General fund 411,778 1.753,460 (2,765,627) 907,454 670,61/
Everyday Care &Support 516,342 6,267,386 (5,l02,191) (558,195) 759,790
928,120 8,020,848 (7,867,818) 349,259 1,430,407
Designated funds
Property fund 840, 103 (9,890) (451,259) 378,954
Strategic Development fund 119,640 70,000 189,640
959,743 (9,890) (349,259) 568,594
Total Unrestricted funds 1,887,863 8,020,846 (7,877,708) 1,999,001
Year ended 31 March 2022 At At
1/4/2021 income Expenditure Transfers 31/3/2022
8 6 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 6,2M,109 (B,D93,911) 45,042 928,120
Designated funds
Properly 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
'l,039,975 (2D,19D) (60,042) 959,743
Total Unrestricted funds 1,816,855 6,20D,109 (6,114,101) (15,00D) 1,887,863

Unrestricted funds —Charity —Charity
Year ended 31 March 2023 At At
1/04/2 022 Income iExpenditure Transfers 31/03/2023
R F E E
Unrestricted funds
General
fund		 1,371,116 2,850,944 (2,972,959) 349,259 638,617
Des ig nat ed fun ds
Property
fund		 840,103 (9,890) (419,259) 410,954
Strategic Development fund 119,640 70,000 189.640
Final salary pension liability
959,743 (9,890) (349,259) 600,594
Total Unrestricted funds 1,371,116 2,950,944 (2,982,849) 1,239,211
Year ended 3'! March 3'! March 2022 At At
1(4(2021 Income Expenditure Transfers 31I3/2022
E F E k
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
Sbetegic Development iund 207,364 I 87,724) 119.640
Final salary pension liability (19,000) 'I9,000
1,039,975 (20,190) (60,042) 959,743
Total Unrestricted funds 1,330,279 2,225,935 (2,184.095) 1,371,116

Unrestricted Restricted Designat Tote I
ed
Funds Funds Funds Funds
f 5 5
Tangible fixed assets 216,041 470,608 656,649
Net current assets 1,214.,366 1,312,352
Creditors dua after one year
Defined pension scheme liability
1,430,407 568,594 1,999,001

Un re stri ct ed Re strict ed Des i9nate d Tots I
Funds Funds Funds Funds
S
Tangible fixed assets 160,635 934,136 1,094,771
Net current assets 767,485 108,321 875,806
Creditors due after ane year (82,714) (82,714)
Defined pension scheme liability
928,120 959,743 1,687,863

Total costs recognised
In the period:		 Total costs recognised
In the period:		 2023
6'000		 2022
f.'000
Cun ent service costs 13
Past service costs
Other finance costs
Pension expense recognised as an expanse 14 13
Amount
recognised as other comprehensive		 income (46) (28l
Total recog nised (32) (15)
The amounts
recognised
in		 the balance sheet are as follows: 2023
6'000		 2022
6'000
Fair value of scheme
liabilities		 (2 ILI53) (2,560l
Fair value of scheme assets 2,187 2,735
Surplus
in the scheme (not		 recognised) 134 175

Change in present value afthe defined value afthe defined value afthe defined benefit obligation: benefit obligation: 2023
6'000		 2022
E'000
Opening defined
benefit obligation		 2,560 2,B63
Interest cost 70 55
Actuanal (gain)/loss arising on scheme liabilities (464) P3)
Benefits paid (including
expenses)		 (113) (85)
Liabilities
in scheme at end ofthe year		 2,053 2,560
Change in fair value af scheme assets 2023
6'000		 2022
E'000
Qpening fair value ofscheme assets 2,735 2,644
Expected return
on		 scheme assets 70 55
Actuarial (losses)/gains (551) 74
Employer contributions 60 60
Benefits paid (including
expenses)		 (127) (98)
Total market value ofassets 2,187 2,735
Major categories af scheme assets as a percentage of total assets 2022 2022
'Ya
Equities 9.1 16.7
Diversified
growth		 4.8 12.6
GIRs and bonds 70.2 59.9
Infrastructure 13 95
Cash 1.3
100 100
2D23 2022
6'000 E'000
The actual return
on scheme assets for		 the year was (481) 129
Principle actuarial assumptions at the balance sheet date 2D23
'rS		 2022
'A
Discount rate 4 85 2.8
Rate of increase
in		 payment
of pre		 2008 pensions 370 3.6
Rate of increase
in		 payment
of post 2006 pensions		 2.1 2.5
Inflation rate (R PI) 3 25 36
Inflation assumption (DPI) 2.8

The assumed The assumed life expectstlons an retirement at age 65 2023
Years		 2022
years
Retinng today —males 86.8 87.1
Relinng today —females 88 8 89.5
Retiring in 20 years —males 88.1 88.1
Retinng in 20 years —females 90.2 90.6

peratin g
le		 ases ss set out below:
Group Group Charity Charity
2023 2022 2023 2D22
6 6 6 6
Within 1 year 466,000 14,216 468,ODD 14,216
Ivlore then 1 year snd less than 5years 156,000 156,00D
624,000 14,216 624,000 14,216

2022 2D22
6 E
Net income / (expenditure) far the period 143,138 86,0I08
~Ad
t
t		 I
investment income
Depreciation 60,513 58,413
Pension scheme adjustment (32,000l (34,000)
(increase l / Decrease in stock 12,796 (9,229)
Decrease /(increase) in debtors 27,072 50,953
(Decrease) / increase in creditors 81,573 (71,509)
Net cash provided
by		 operating activities 293,D92 8D,636

1 Apr Cash 31 Mar
2022 flows 2023
6
Short term cash borrowings (10,000) I0,000
Long term cash borrowings (82,714) 82,714
Total liabflities (92,714) 92,714
Cash and cash equivalents 754,083 557,987 1,312.070
Total net debt 661,369 650,701 1,312.070