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2023-03-31-accounts

AGE CONCERN WOLVERHAMPTON (Trading as Age UK Wolverhampton) (A COMPANY LIMITED BY GUARANTEE)

ANNUAL REPORT &

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Company Registration Number 3088739 Charity Number 1051232

Accountants Et Voila

Isis House, Smith Road, Wednesbury, West Midlands WS10 0PB

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Contents

Age UK Wolverhampton Trustees and Advisers 2
Chair’s Report 3
Chief Officer’s Report 4
Statement of Mission and Objectives 6
Our Achievements in 2022-23 7
Planning for the Future 9
Financial Review 2022/3 10
Governance Structure 10
Thanks to Supporters 11
Financial Statements 12

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Age UK Wolverhampton Trustees and Advisers

The Trustees who served during the year were:

Diane Vukmirovic Chair Anne Bailey Vice-Chair Paramjit Toor Treasurer Sarita Sharma Trustee Catherine Read Trustee Jayne Emery Trustee (appointed 28[th] July 2022) Sam McIntosh Trustee (appointed 26[th] January 2023) Mark Guest Chief Officer & Company Secretary

Location and Registered Office Bankers Accountant The Workspace Lloyds Bank PLC Et Voila All Saints Road Queen Square Isis House Wolverhampton Wolverhampton Smith Road WV2 1EL Wolverhampton Wednesbury WV1 1TF West Midlands WS10 0PB

Age UK Wolverhampton is the trading name of Age Concern Wolverhampton (the Company).

The Company is a private company registered under the Companies Act 1985 (registration number 3088739) limited by guarantee and not having a share capital. The Company is governed by its Memorandum and Articles of Association. The liability of the members of the company on winding up is limited to a maximum of £1 each. The Company is also a registered charity (registration number 1051232).

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Chair’s Report

The last year has seen Age UK Wolverhampton change from being an organisation that was uncertain about its future, into one that is excited about the plethora of opportunities that have been created as a result of the hard work of the CEO and the staff team. The staff and Board have embraced change and new ways of working, bringing commitment and creativity to enable us to realise our latent potential.

We began the year with a great deal of uncertainty, as we had resolved to try out untested new services and income streams, with no idea of what would and wouldn’t work. We always knew that not everything would be successful, but even with this knowledge, it is no less difficult when dreams are not realised. However, I am pleased to say that there was sufficient success to form the basis of a viable forward looking business with the potential to become sustainable.

We also welcomed new Board members who have brought much needed fresh thinking and perspectives, as we got to grips with governing a new type of organisation. As we have become more efficient in the day-to-day challenges, this has allowed the Board to spend more time contemplating the larger challenges that lay ahead and to position us ready to meet them head on and take the best advantage. This can only be good for the older people of Wolverhampton.

Our new(ish) CEO, Mark, has sought to continue and build upon relationships with a range of partners throughout Wolverhampton and West Midlands. This has included dialogue and delivery with the Council, NHS and wider voluntary sector. We are now seeing the results of our increasing influence and standing, as a key strategic organisation, enabling us to bring positive change for the benefit of the older people of Wolverhampton.

A big thank you to CEO, Mark Guest, the staff and volunteers of Age UK Wolverhampton, without whom we would not have achieved any of this.

Di Vukmirovic Chair Age UK Wolverhampton

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Chief Officer’s Report

Age UK Wolverhampton planned for 2022-23 to be a year of exploration and discovery, and indeed it was. It followed on from a year of recovering from the pandemic along with tackling many organisational challenges, after which a quieter year would have been welcome. However, it was necessary to continue with the developments we had set in motion, and to capitalise on the new found enthusiasm among the staff and Board. The result is that we have learnt important lessons and gained the insight needed to enable us to develop and thrive going forwards.

We tried out many new things throughout the year and have seen some fantastic successes. Our Daytime Discos have been an immediate hit, with attendance growing at every event. They have given older people a chance to come and socialise and exercise with their peers, and have boosted staff who get to see the real difference we are making to people's lives. Built on the initial success, we were able to open a second venue and have plans for more. We launched Tai Chi classes which have seen numbers growing, and more venues are planned. We have taken efforts to ensure that we deliver 'real' Tai Chi which brings particular health benefits. As a result we have seen several participants reporting health improvements and increased mobility, including dispensing with walking aids!

Our Handyperson service is expanding and plays a key part in providing services on request to older people, as well as supporting delivery of many of our projects. We were able to provide crucial support to the NHS through our Winter Pressures project, which benefited from support from our new Home Help service. We have established a craft group making Comfort Dolls which are distributed free to people with dementia. Our newly established newsletter has seen a growing mailing list enabling older people to connect with us. As well as the new services, our existing ones have continued including telephone support, friendship groups, and our backbone service, Information and Advice. The I and A service supports hundreds of older people every year and without it, we would not be able to have half the impact that we do.

Alongside the service developments, supported by improved efficiency in resources and systems, we have been developing our profile and partnership working. We are now present and playing a part in numerous public and voluntary sector networks, at a local, regional and national level. This has led to partners approaching us to be involved and support what we are doing. Our aim has been to let everyone know that we are open for business, and we are now confident that we have achieved this.

Underlying all of this has been consideration of our strategic direction and adapting it for the current environment, which continues to gain clarity and focus. We now have a strong focus on supporting older people to remain active and purposeful, delaying the sudden decline into needing support and care and the demand put on associated support services. This often comes as a result of the loss of social activity, which impacts on physical and mental health, leading to a cycle of decline. We are very proud that as well as looking at our services, we consider older people as an asset, from volunteering, to adapting our employment practices to make our roles more attractive and accessible to them, opening up this rich pool of talent to us.

As the year closes, we can already see a very bright future ahead. We have plans and agreements in place that should deliver an increase in turnover along with a healthy surplus next year. Although we

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

are showing a deficit for this year, this was always expected as we invested funds into

entrepreneurial exploration. Most importantly, our plans delivered better than anticipated, and the outturn was better than forecast, setting us up for a sustainable future.

Finally, it gives me immense pleasure to thank all of our partners, funders, volunteers, staff and Board, as we see the involvement and number of these stakeholders grow, and join with us in being part of the fabulous future that lies ahead for Age UK Wolverhampton. I would also like to personally thank our Chair Di, who continues to provide invaluable counsel and support to myself, and has embraced our new ways of working with enthusiasm and optimism, without which none of this would be possible.

Mark Guest

CEO Age UK Wolverhampton

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Statement of Mission and Objectives

Our aims are to:

To achieve these aims, we have the following objectives:

Public Benefit

The Trustees are satisfied that in working to achieve these Aims and Objectives Age UK Wolverhampton is demonstrating the public benefit of our work, as defined under the terms of the Charities Act 2011. It further demonstrates this by being a member of the West Midlands (Regional) Age UK’s network in sharing best practice information and learning which in turn helps improve our services.

6

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023 Our Achievements in 2022-23

Our new services in the last year include:

14 Daytime Discos

48 Comfort Dolls Craft Group sessions

22 Tai Chi classes

39 NHS Winter Pressures clients, including support from our new Home Help service Our Newsletter mailing list continues to grow and reached 611.

Total Services Accessed

Client Contacts

Information & Advice

Benefits

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Telephone Support

Friendship Groups

Our Friendships groups have also continued to meet.

SERVICES AND CONTRACTS

The above figures were achieved through a range of services, including some as part of contracts, as follows:

Warm Homes

● The Warm Homes contract is with the national Age UK organisation and is funded by various energy companies including Eon.

NHS Winter Pressures

● Discharge support services to clients referred by the health service and social care, involving a dedicated worker along with our services.

Citizens Advice Partnership

Camaraderie in the Community

● Friendship clubs and social support to veterans supported by the Armed Forces Covenant Fund.

Volunteer Support

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Planning for the Future

General

This last year has focussed on testing out new ideas. The next year is about consolidating what we have learnt, and seizing the opportunities that we are in a better position to take advantage of. We now have evidence to show that we have a range of activities that can be expanded and embedded to give us a sustainable income and solid foundation to build from. This will see us expanding our Daytime Discos, Handyperson service, Home Help service, and various other classes, activities, and services. We will be reviewing our Information and Advice service to make it easier to accommodate volunteers, to offer a wider service addressing the social needs of callers, and to develop new income streams. We will also continue to expand our networks, building the reputation of Age UK Wolverhampton as a partner that is open for business, and rebuilding our reputation in the City as a key voluntary sector organisation. We will continue to test income streams, and scale those with potential based on evidence. We will continue to renew current funding and contract income wherever it is expedient to do so. We will consider new opportunities that are sustainable and can enhance our work, without causing disruption to our core operating model, now or in the future. We expect to make a surplus in the coming year, providing reserves to allow us to consider further developments. We need to look at our governance and ensure that our Board membership is regularly refreshed and address lengths of tenures, and has a broad range of appropriate and necessary skills, as all healthy charities need to.

Consideration of the charity as a going concern

Since 2017 the Board has been making difficult decisions about what is both affordable and achievable for our organisation against a backdrop of funding uncertainties. The Board has previously confirmed that the release of the Charity’s capital asset was the most appropriate route to enabling charitable services to continue for the older people of Wolverhampton and this approach was further endorsed after professional advice in relation to our premises. The sale of our premises means that we have considerable cash reserves (even after setting aside £100,000 in a strategic reserve) and that the organisation can continue as a going concern for a minimum period of 18 months from the endorsed report and accounts. We are already in a position where we can be optimistic of a surplus in the coming year.

Risk Management Policy

All the major risks to which the Charity is exposed have been identified by the Trustees and actions agreed at Board Meetings to mitigate those risks. We are in the position of having significant reserves enabling us to mitigate against most risks. We have a ring-fenced reserve sum to enable orderly closedown should the situation arise.

Our Funding

With overall reductions in Local Authority funding and increasing competition for other funds over several years, the Charity has continued to try to diversify its income streams. Unrestricted funding which enables us to meet our overhead costs to deliver our services and to continue to operate remains a challenging pursuit. Our strategic emphasis is now on developing independent income via services and activities provided for self-funders, with any surplus used to subsidise services that cannot attract their own funding. Notwithstanding this, the dynamism afforded us by changes to our operating model and service diversification saw us having significant success across a range of

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

funders towards the end of the year. This included unsolicited approaches from funders keen to fund our activities. This has set us up well for the coming year.

As an Age UK Brand Partner, we also received valuable support from Age UK - our national partner - including grant funding for core costs as well as being able to bid into other programmes for support such as Warm Homes Energy Checks.

Financial Review 2022/3

The overall (summary) position at the year-end showed a net deficit of £68 318. The level of reserves at the year- end was £365 918.

The reserves policy is £100 000, which meets the Charity Commission requirement of having at least three months routine running costs in reserve.

The current policy states that free reserves should not fall below the equivalent of 3 months normal operational expenditure.

The Trustees maintain a clear policy on reserves, with designated available reserves supporting new (or existing) service delivery rather than cash accumulation at the bank (after due provision for all appropriate legal and commercial necessities).

Governance Structure

Governing Document

Age Concern Wolverhampton, trading as Age UK Wolverhampton, is a charitable company limited by guarantee. We became incorporated on 8th August 1995 after beginning life as the National Old People's Welfare Committee (O.P.W.C.) in 1952.

The company was established under a Memorandum of Association that established the objects and powers of the charitable company, and is governed by its Articles of Association. In the event of the company being “wound up” members are each required to contribute an amount not exceeding £1.

Recruitment and Appointment of Trustees

Although Age UK Wolverhampton is a small to medium sized organisation, it is a complex one which operates in a challenging environment. Age UK Wolverhampton is involved in a very diverse range of activities and therefore the Trustee body aims to achieve a broad range, as well as a high level, of skills, in carrying out its governance role.

Under the requirements of the Articles of Association the members of the Board are elected to serve for a period of up to three years after which they must stand down at the next Annual General Meeting, but are eligible for re-election.

Strategic Direction

The strategic direction of Age UK Wolverhampton is set by the Board. In making decisions about activities to be undertaken to achieve our Aims and Objectives the Trustees have had due regard to the Charity Commission’s guidance on public benefit.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Organisation Structure

The Board is responsible for the strategic direction and policy of the Charity. Age UK Wolverhampton has a Board of Trustees consisting of 8 members. The Chief Officer has delegated responsibility from the Board for the provision and management of services and the day-to-day operation of Age UK Wolverhampton. The Chief Officer is supervised by the Board Chair.

The average number of staff employed by Age UK Wolverhampton in 2022-23 was 10 (all of whom were part time). Over the year we had the equivalent of 5 full time staff involved in the delivery of the services and programmes of Age UK Wolverhampton.

Small company provision

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Thanks to Supporters

Grateful thanks to all those who supported us this year (donations & funding) :

Active Black Country Know Your N’hood (DCMS) Age UK (National) St Leonards Knitting Group Albert Hunt Trust St Thomas’ Church Armed Forces Covenant Fund Heart of England Foundation DCMS Wolverhampton City Council Eon Wolverhampton Homes NHS Woodroffe Benton Foundation

Thank you too, to all of those who gave anonymous donations and to the numerous individuals who donated to our organisation and to those who very kindly left us legacies (we have not named individuals above unless requested to protect anonymity)

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON YEAR ENDED 31ST MARCH 2023

Financial Statements

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 which is set out on pages 11 to 19.

Responsibilities and basis of report

As the charity trustees of the company (who are treated as directors for the purposes of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ( 'The 2006 Act' )

Having satisfied myself that the accounts of the company are not required under Part 16 of the 2006 Act and are eligible for independent examination , I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145 (5)

Independent Examiner's Statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a member of The Institute Of Chartered Management Accountants

I have completed my examination . I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect :

(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act, or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view ' which is not a matter considered as part of an independent examination ;or

(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ( FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed Date 21/04/2023

Sally Jane Wainwright ACMA Isis House, Smith Road, Wednesbury, West Midlands WS10 0PB

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739

CHARITY NO: 1051232

STATEMENT OF FINANCIAL ACTIVITIES

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

FOR YEAR ENDED 31 MARCH 2023 ENDED 31 MARCH 2023
Note Total Total
Unrestricted Restricted Funds Unrestricted Restricted Funds
Funds Funds 2023 Funds Funds 2022
£ £ £ £ £ £
Incoming resources
Income from Charitable Services 2 59,408 129,976 189,384 42,997 101,045 144,042
Legacies and Donations 2,140 2,140 62,923 62,923
Activities for generating funds
Operations - 10,080 10,080
Investment income 4 1,943 - 1,943 2,415 - 2,415
- -
Incoming resources from
charitable activities
Total Income and endowments Expenditure 63,491 129,976 193,467 118,415 101,045 219,460
Cost of generating funds
Fund raising costs
Sub total cost of generating 5 1,110 1,110 1,002 17 1,019
1,110 0 1,110 1,002 17 1,019
Charitable activities
Cost of charitable activities
Governance costs 5 144,647 105,176 249,823 150,669 101,028 251,697
Exceptional Item 5 10,852 10,852 10,852 10,852
5 0 1,500 1,500
Total Expenditure
156,609 105,176 261,785 164,023 101,045 265,068
Net income / (expenditure)
(93,118) 24,800 (68,318) (45,608) 0 (45,608)
Reconcilliation of Funds
Fund balances at 1 April 2022
Transfer between funds Fund		 434,234 434,234 479,842 0 479,842
Balances at 31 March 2023
.
These financial statements have been		 prepared in accordance with the financial reporting standards for smaller entities The
341,116
24,800
365,916
434,234		 0 434,234
Company is exempt from audit under CA 2006, s.477 (small companies)

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with CA 2006, s 476 and

The directors acknowledge their responsibilities for complying with the requirements of CA 2006 with respect to accounting records and preparation of the accounts. S. 472(2)-(3)

These financial statements were approved by the members of the board of trustees on behalf by:

July 2023 and are signed on their

Di Vukmirovic

Chair

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739

CHARITY NO: 1051232

BALANCE SHEET

(INCLUDING INCOME AND EXPENDITURE ACCOUNT)

Consolidated and Charity Balance Sheets Year

Ended 31st March 2023

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors – amounts falling due within one year
11
Net current assets
Total assets less current liabilities
Unrestricted funds
General
12
Restricted funds
13		 Charity
2023
£
2022
£
2,414
594
2,414
594
1,122
1,178
368,344
451,614
369,466
452,792
(5,964)
(19,152)
363,502
433,640
365,916
434,234
341,116
434,234
24,800
-
365,916
434,234

These financial statements have been prepared in accordance with the financial reporting standards for smaller entities The

Company is exempt from audit under CA 2006, s.477 (small companies)

The members have not required the company to obtain an audit of its accounts for the year in question in

The directors acknowledge their responsibilities for complying with the requirements of CA 2006 with respect to accounting records and preparation of the accounts. S. 472(2)-(3)

These financial statements were approved by the members of the board of trustees on

July 2023 and are

Di Vukmirovic Chair

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

1. Accounting policies

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accorda nce with 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 (FRS102) (effective 1 January 2019) - (Charities SORP (FRS 102)). The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Age UK Wolverhampton is a brand partner of Age UK the national charity and as a result will have access to funding streams from the national organisation. The trustees anticipate that there will be sufficient unrestricted reserves for the charity to continue as a going concern and therefore the financial statements are prepared on a going concern basis under the historical cost convention, modified to include the revaluation of investments. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1. The significant accounting policies applied in the preparation of these financial statements are set out below. These policie s have been consistently applied to all years presented unless otherwise stated. The accounts have been prepared on the historic cost basis.

Going concern

In early March 2020, the COVID-19 virus was declared a global pandemic. Business continuity, including supply chains and consumer demand across a number of industries and countries, could be severely impacted for months or more, as governments and their citizens take significant and unprecedented measures to mitigate the consequences of the pandemic.

The trustees are monitoring the ever changing situation and continue to evaluate the charity’s ability to continue to trade on an ongoing and foreseeable basis. However, due to the uncertainty surrounding COVID-19 no adjustments have been made to these financial statements which may arise from the impact of COVID-19 on the charity. Despite the unknown impact COVID-19 may or may not have on the charity under normal circumstances the trustees would have had a reasonable expectation that the charity has adequate resources, thus the trustees would have adopted the going concern basis of accounting.

As with most charities, the trustees are mindful of the uncertain timing of incoming resources such as legacy income being of an unpredictable nature. At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees

continue to adopt the going concern basis of accounting in preparing the financial statements.

Funds

Funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds - these are funds that 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.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income has been met, it is probable that income will be received and the amount can be measured reliably. Such income is only deferred when: The donor specifies that the grant or donation must be used in future accounting periods, or

The donor has imposed conditions which must be met before the charity has unconditional entitlement.

Income from commercial trading activities is recognised as earned (as the related goods and services are provided). Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest receivable

Interest is included when receivable by the charity.

Expenditure and irrecoverable VAT

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Allocation of support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Support costs include back office costs, personnel and payroll.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL

STATEMENTS AS AT 31

MARCH 2023

Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the income and expenditure account.

Redundancy costs

Following the accrual accounting methodology, liabilities for redundancy and termination payments are recognised when the obligation to make the payment arises and not when the payments are made.

Governance costs

Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory accounts and legal fees.

Operating leases

Rentals payable under operating leases are charged in the Statement of Financial Activities as incurred.

Tangible fixed assets

Tangible fixed assets are capitalised at cost and depreciated so as to write them off over their anticipated useful lives at the following annual rates, commencing in the year of acquisition:

Fixtures and fittings 25% reducing balance Motor vehicles 25% straight line Computer and office equipment 25% straight line

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account

Provisions

Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefit will be required in settlement and the amount can be reliably estimated. Tax

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

Legal status

Age UK Wolverhampton is the trading name of Age Concern Wolverhampton (the Company).

Age UK Wolverhampton is a company limited by guarantee governed by its Memorandum and Articles of Association dated 8 August 1995. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of the Company and there are currently 11 members (11 in 2019), each of whom agrees to contribute £1 in the event of the charity winding up.

Judgements and key sources of estimation uncertainty

In the application of the charitable accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO:

03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

2 Income from charitable services

Grants and service level agreement receivable
Private Sector Grants/ Age UK
Other Public Sector Service Contracts
Word of Mouth Traders
Handyman		 Unrestricted
Funds
Restricted
Funds
Total
Unrestricted
Funds
Restricted
Funds
Total
2023
2022
£
£
£
£
£
£
41,512
129,976
171,488
37,422
101,045
138,467
1,000
1,000
624
624
9,105
9,105
9,931
9,931
4,951
4,951
61,548
129,976
191,524
42,997
101,045
144,042

3 Operations

Operations revenue consists of contributions towards operating costs from users of premises and services

4Investment Income
Interest on fixed and notice bank accounts		 Unrestricted Restricted
Total
Unrestricted Restricted
Total
2023
2022
£
£
£
£
£
£
1,943
.
1,943
2,415
2,415
1,943
0
1,943
2,415
0
2,415

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AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

5 Analysis of expenditure on charitable activities

Ths Charity undertakes direct charitable activities only and does not make grant payments.

Direct Charitable expenditure
Commercial trading operations
Cost of generating funds
Governance
Exceptional Items
Total resources expended
Exceptional items were :
Removal Expenses
Direct Charitable expenditure
Commercial trading operations
Cost of generating funds
Governance
Exceptional Items
Total resources expended
Exceptional items were :
Redundancy Payments		 Staff costs
Other Costs
2022
£
Restricted
£
Unrestricted
£
Restricted
£
Total
£
113,898
1,002
91,225
36,771
17
9,803
251,697
1,019
10,852
10,852
1,500
1,500
125,752
91,225
38,288
9,803
265,068
1,500
Staf f costs
Restricted
Other Cos
Unrestricted
ts
Restricted
2023
Total
£
£
£
£
£
127,368
87,702
23,479
4,652
9,803
7,671
248,352
12,323
1,110
1,110
-
127,368
87,702
29,241
17,474
261,785
-
-

18

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739

CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

6 Other costs

Premises costs :
Accommodation (Rent/Utilities/Cleaning)
Communications costs :
Telephone & internet
Printing, postage & stationery
General office costs :
Staff & volunteers travel
Staff & volunteers expenses (driver apparel & uniforms
Professional fees & subscriptions
Insurance
Repairs, maintenance & support contracts
Publications, advertising & recruitment
Training costs
General office & miscellaneous expenses
Vehicle costs
Equipment
Depreciation
Bad Debts
Total costs
Charitable Activities
Fundraising Costs
Governance		 2022
Unrestricted		 2022
2022
Restricted
Total
£
£
3,000
14,664		 2023
2023
2023
Unrestricted Restricted Total
£
£
£
5,275
9,803
15,078
£
11,664
.
2,094
4,735		 600
2,694
400
5,135		 .
2,856
2,856
6,015
6,015
6,829 1,000
7,829		 8,871
-
8,871
306
420
3,508
2,095
230
248
1,464
921
161		 306
420
3,508
2,095
230
-
-
248
1,464
921
161		 702
702
1,006
1,006
2,149
2,149
1,637
1,637
-
-
200
200
1,585
1,585
2,359
2,359
-
805
805
9,353 -
9,353		 10,443
-
10,443
27,846 4,000
31,846		 24,589
9,803
34,392
26,827
1,019
10,852		 4,000
30,827
1,019
10,852		 23,479
9,803
33,282
1,110
1,110
-
-
38,698 4,000
42,698		 24,589
9,803
34,392

19

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739 CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

7 Analysis of staff costs

Salaries & wages
Social security costs
Pension Costs - Stakeholder Pension
Redundancy		 2023
Total
£
189,540
10,144
15,386		 2022
Total
£
190,464
11,238
15,275
215,070 216,977

No employees had benefits in excess of £60,000 (2022 - no employees had employee benefits)

.

The average number of staff employed by the group
during the financial year amounted to : 9 9

No trustees received any remuneration

20

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739

CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

8 Movement in total funds for the year

Operating deficit is stated after charging :
Staff Pension Contributions
Depreciation
Accountancy Fees		 2023
£
15,386
805
738
16,929		 2022
£
15,275
161
720
16,156

21

AGE CONCE
AGE UK W
NOTES TO T
9 Tangible fixed assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
Disposals
At 31 March 2022
As at 31 March 2022
At 31 March 2023		 RN WOLVERHAMPTON
OLVERHAMPTON COM
03088739
CHARITY NO: 1051232
HE FINANCIAL STATEME
MARCH 2023
Motor
Vehicles
& equipment
£
66,517
2,625
69,142
65,923
805
66,728
594
2,414		 TRADING AS
PANY NO:

NTS AS AT 31
Total
£
66,517
2,625
0
69,142
65,923
805
66,728
594
2,414

22

AGE CONCERN WOLVERHAMPTON TRADING AS AGE UK WOLVERHAMPTON COMPANY NO: 03088739

CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

10 Debtors

Debtors
Trade debtors
Prepayments		 Charity
Charity
2023
2022
£
£
808
314
1,178
1,122
1,178

11 Creditors - amounts falling due within one year

Creditors- amounts falling due
within one year
Trade creditors
Other creditors
Taxation & Social Security
Accruals & deferred income (*)		 Charity
2023
2022
£
£
368
1,624
2,695
1,241
445
4,412
2,456
11,875
5,964
19,152

.

23

AGE CONCERN WOLVERHAMPTON TRADING AS

AGE UK WOLVERHAMPTON COMPANY NO:

03088739

CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

12 Reserves

Fund movements:-
General fund :
Balance 01 April 2022:
Movement in fund for the year
Balance at 31 March 2023:
Restricted Funds
Age UK Initiatives
Citizens Advice
Choosewell
Safer Streets
Joining Forces
Winter Pressures
Active black country together
Balance b/f Movement in Resources
01.04.2022
£
Incoming
£
Outgoing
£
Transfers
£
0
0
0
0
8,000
-8,000
0
30,795
-31,000
0
9,750
-9,780
0
52,500
-52,265
0
0		 2023
£
434,234
(68,318)
365,916
Balance
Move

31.03.2022
£
Incoming
£
0
16,625
0
20,000
-205
10,265
-30
5,350
235
15,686
32,050
0
8,800		 2022
£
479,842
(45,608)
434,234
ment in
Balance
Outgoing
£
Transfers
£
31.03.2023
£

-1,625
15,000

-16,000
4,000

-10,060
0

-5,350
0

-15,921
0

-32,050
0

-3,000
5,800
0
101,045
-101,045
0
0
108,776
-84,006
0
24,800

13 Restricted Funds

AGE UK Initiatives - (See also 'Joining Forces' below)

*Choosewell- is a Wolverhampton CCG funded initiative providing individual support to people following discharge from hospital plus advice and guidance as part of an A&E Resilience voluntary sector partnership with New Cross Hospital in partnership with Wolverhampton Voluntary Sector Council, Aspring Futures and the efugee & Migrant Council

*The Henry Smith Charity - supported our volunteering programmes "reducing isolation and loneliness activities"

*Joining Forces - Supporting Veterans, is a partnership project between Age UK, SAFFA and the MoD funded by the Aged Veterans project which is funded by the Chancellor using LIBOR funds. AUKW is one of 12 partners nationally delivering a Joining Forces Programme. Our service provides support to older veterans (born before 1950) and their families and carers. It commenced in May 2017

24

AGE CONCERN WOLVERHAMPTON TRADING AS

AGE UK WOLVERHAMPTON COMPANY NO:

03088739

CHARITY NO: 1051232

NOTES TO THE FINANCIAL STATEMENTS AS AT 31 MARCH 2023

14 Pensions

The company operates two defined contribution pension schemes. The assets of the scheme are held separately from those of the company in independantly administered funds. The pension charge represents contributions payable by the company to the funds within the year. At the year end £837 (2022 NIL) were owing to the pension companies. The pension charge of £15,386 (£15,275 2022) was made in respect of contributions made by the company to funds within the year.

15 Financial commitments

As at 31 March 2023 the charity has annual commitments under non-cancellable leases as follows

Within 1 year
1 - 2 years
2 - 5 years		 Land and Buildings
2023
2022
£
£
0
0
0
0
0
0

0
0		 Office Equipment
2023
2022
£
£
0
0
0
0
0
0
0
0

16 Analysis of Charity net assets between funds

Tangible
Cash at bank
Other net
341,116
24,800
365,916
Unrestricted
Restricted
2023
Funds
Fund
Total
£
£
£
2,414
2,414
368,344
368,344
(29,642)
24,800
(4,842)		 Unrestricted Restricted
2022
Funds
Fund
Total
£
£
£
594
594
451,614
451,614
(17,974)
(17,974)
434,234
434,234

17 Taxation

The company is a registered charity and no provison is considered necessary for taxation

18 Related Party Transactions

There were no transactions with related parties during the year and no balances outstanding with any related parties

19 Events after the balance sheet date

The trustees are monitoring the ever changing situation. The trustees are confident they have enough funds going forward

25