2021-03-31-accounts - Age UK Portsmouth

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Report ofthe Trustees	1	to	14
Report ofthe Independent Auditors	15 to		18
Statement of Financial Activities		19
Balance Sheet		20
Cash Flow Statement
Notes to the Cash Flow Statement		22
Notes to the Financial Statements	23	to	33

Accessible	We assist adults and older people to live independently		and exercise choice.	and exercise choice.	and exercise choice.
Respecfful	We draw strength from the voices of adults and older	people and			ensure those voices
	are heard.
Innovative	We are dynamic and driven by results and constantly	deliver for adults and older
	people.
Compassionate	We are passionate about what we do and care about	each individual.
Trusted	We are experts, authoritative and quality orientated.
Guiding Principles: These five principles underpin all the work that we do:
Ageism is unacceptable -Age UK Portsmouth is against all forms ofage discrimination					and challenges
unfair treatment	on the basis ofage.
All people have	the right to make decisions about their lives - Age UK Portsmouth			helps adults and
older people to discover and exercise their rights.
People less able to help themselves should be offered support - Age UK			Portsmouth		seeks to support
adults and older	people to live their lives with dignity.

						2021	2020
				Unrestricted	Restricted	Total	Total
			Notes	fund f	funds	funds	fundsf
INCOME AND ENDOWMENTS Donations and legacies		FROM	2	17,889	41	17,930	19,507
Charitable activities Charitable activities			5	682,973	365,170	1,048,143	851,653
Other trading activities investment income Other income				7,116 574 4,234		7,116 574 4,234	49,943 1,685 51,677
Total				712,786	365,211	1,077,997	974,465
EXPENDITURE ON Raising funds			6	33,684	8,663	42,347	60,751
Charitable activities Charitable activities			7	514,651	359,341	873,992	844,007
Total				548,335	368,004	916,339	904,758
NET INCOME/(EXPENDITURE)				164,451	(2,793)	161,658	69,707
RECONCILIATION OF FUNDS
Total funds brought	forward			859,985	6,441	866,426	796,719
TOTAL FUNDS CARRIED FORWARD				1.024,436	3648	1,028,084	866,426

	BALANCE SHEET
	31MARCH 2021
	Notes	2021 f	2020 f
FIXEDASSETS Tangible assets Investments	13 14	523,083 2	516,001 1
		523,085	516,002
CURRENT ASSETS Debtors Cash at bank and In hand	15	72,080 555,862	83,764 364,917
		627,942	448,681
CREDITORS Amounts falling due within one year	16	(122,943)	(98,257)
NET CURRENT ASSETS		504999	350424
TOTAL ASSETS LESSCURRENT LIABILITIES		1,028,084	866,426
NETASSETS		1.020,084	000.426
FUNDS Unrestricted funds Restricted funds	19	1,024,437 3,647	859,985 6,441
TOTAL FUNDS		1,1128.084	866.426

		CASH FLOW STATEMENT	CASH FLOW STATEMENT
	FOR THE YEAR ENDED 31 MARCH 2021
			2021	2020
		Notes
Cash flows from operating activities Cash generated from operations		1	208,124	121,878
Net cash provided by operating activities			208,124	121,878
Cash flows from investing activities Purchase oftangible fixed assets Purchase offixed asset investments			(18,952) (I)
Sale oftangible fixed assets Interest received			1,200 574	1,685
Net cash (used in)/provided	by investing	activities	~17,179)	1,685
Change in cash and cash in the reporting period	equivalents		190,945	123,563
Cash and cash equivalents beginning ofthe reporting	at the period		364,917	241,354
Cash and cash equivalents ofthe reporting period	at the end		555,862	~364917

RECONCILIATION	OF NET	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020	INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2021 2020
				2
Net income for the reporting Financial Activities)			period (as per the Statement of	161,658	69,707
Adjustments for: Depreciation charges Profit on disposal offixed assets Interest received Decrease in debtors Increase/(decrease) in creditors				11,870 (1,200) (574) 11,684 ~24686	8,213 (1,685) 48,856 ~3,213)
Net cash provided	by operations			208,124	121,878
ANALYSIS OF CHANGES		IN	NET FUNDS
			At 1.4.20	Cash flow	At 31.3.21
				2
Net cash Cash at bank and in	hand		364,917	190,945	555,862
			364,917	~190945	555,862
Total			~364917	190,945	~555 862

INVESTMENTINCOME
					2021	2020
						6
Deposit account interest					574	1,685
All investment income is derived from assets held				in the United Kingdom.
INCOME FROM CHARITABLE ACTIVITIES					2021	2020
Grants Service income		Activity Charitable Charitable	activities activities		2 704,813 343,330	359,999 491,654
					1,048,143	851,653
Grants received, included	in	the above,	are as follows:		2021	2020
					2	2
Royal Navy and Royal Marines Charity Age UK Big Lottery Fund Armed Forces Covenant Fund Trust HIOW Community Foundation HIVE Discretionary Crisis Job Retention Scheme Portsmouth City Council National Lottery Development Grant HIWCF					43,896 243,623 118,585 46,524 2,499 1,720 86,619 25,000 125,000 11,347	35,495 178,730 111,724 29,704 4,066 280
					704,813	359,999
RAISING FUNDS
Other trading activities					2021	2020
Purchases Staff costs Other costs Depreciation Support costs					670 18,809 361 635 21,872	9,535 27,422 1,491 762 21,541
					~42 347	60,751

					Support
				Direct	costs (see
				Costs	note 8)	Totals
				2	2
Charitable activities				583,416	290,576	873,992
SUPPORT COSTS					Governance
			Management	Finance	costs	Totals
			2
Other trading activities Charitable activities			20,499 272,336	1,037 13,776	336 4,464	21,872 290,576
			292,835	14,813	4,800	312448
Activity		Basis of allocation
Management		Use ofresources
Finance		Use of resources
Governance	costs	Use of resources
Support costs, included		in the above, are as follows:
Management					2021	2020
			Other
			trading activities f	Charitable activities	Total activities 2	Total activities f
Staff costs Office costs Premises costs Accountancy support			14,391 3,767 1,055 1,286	191,193 50,040 14,019 17,084	205,584 53,807 15,074 18,370	217,181 39,146 22,365 10,893
			20,499	272,336	~292835	289,585
Finance					2021	2020
			Other
			trading activities	Charitable activities	Total activities	Total activities
Bank charges Depreciation oftangible Loss on sale of tangible		fixed assets fixed assets	335 786 ~84)	4,444 10,448 ~t, f16)	4,779 11,234 ~1,200)	6,238 7,450
			1,037	13,776	14,813	13,688

Net income/(expenditure) is stated after charging/(creditin	g):
	2021	2020
Auditors' remuneration Depreciation - owned assets Surplus on disposal offixed assets	4,800 11,870 ~1,200)	4,452 8,213

STAFF CO
	2021	2020
Wages and salaries Social security Employers pension costs	727,297 34,293 13,784	775,047 33,997 14,420
	775374	823464

	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2021	NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 31 MARCH 2021
12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted		Restricted	Total
		fund 2	funds	fundsf
	INCOIIIIE AND ENDOWIIIIENTS FROM Donations and legacies	19,284	223	19,507
	Charitable activities Charitable activities	616,479	235,174	851,653
	Other trading activities Investment income Other income	49,940 1,685 51,677	3	49,943 1,685 51,677
	Total	739,065	235,400	974465
	EXPENDITURE ON Raising funds	53,842	6,909	60,751
	Charitable activities Charitable activities	616,449	227,558	844,007
	Total	670,291	234,467	904,758
	NET INCOME	68,774	933	69,707
	Transfers between funds	~1,006)	1,006
	Net movement in funds	67,768	1,939	69,707
	RECONCILIATION OF FUNDS
	Total funds brought forward	792,220	4,499	796,719
	TOTAL FUNDS CARRIED FORWARD	859,988	6,438	866,426

TANGIBLEFIXEDASSETS
			Fixtures
	Freehold	Plant and	and
	property	machinery	fittings
COST At 1 April 2020	642,806	7,761	87,413
Additions
At 31 March 2021	642,806	7,761	87,413
DEPRECIATION At 1 April 2020 Charge for year	128,985 6,428	7,126 635	87,292 104
At 31 March 2021	135,413	7,761	87,396
NET BOOK VALUE At 31 March 2021	507,393		17
At 31 March 2020	513,821	635	121
	Motor	Computer
	vehicles	equipment	Totals
COST At 1 April 2020 Additions	10,025	40,876 18,952	788,881 18,952
At 31 March 2021	10,025	59,828	807,833
DEPRECIATION At 1 April 2020 Charge for year	9,925 100	39,552 4,603	272,880 11,870
At 31 March 2021	10,025	44,155	~284 750
NET BOOK VALUE At 31 March 2021		15,673	523,083
At 31 March 2020	100	1 324	516,001

DEBTORS:AMOUNTS F	L	LING DUE WITHIN	ONE YEA	R
					2021	2020
						2
Trade debtors Other debtors Prepayments					57,092 8,984 6,004	75,403 2,160 6,201
					72,080	83,764
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2021	2020
Trade creditors Social security and other taxes Other creditors Accruals and deferred income					4,316 7,809 4,877 105,941	6,649 8,422 5,077 78,109
					122,943	98,257
Deferred income comprises		grants received for	future financial periods.
					2021	2020
Brought forward Amount released to incoming Amount deferred in year		resources			72,671 (72,671) 99,957	68,806 (68,806) 72,671
Carried forward					99,957	72,671
LEASING AGREEMENTS
Minimum lease payments	under non-cancellable		operating	leases fall due	as follows: 2021	2020
					f
Between one and five years					2,499	3,994

FOR THE YEAR ENDED 31	FOR THE YEAR ENDED 31	FOR THE YEAR ENDED 31	MAR	CH 2021
ANALYSIS OF NET ASSETS BETWEEN FUNDS					2021	2020
		Unrestricted		Restricted	Total	Total
		fundf		funds 2	funds 2	funds 2
Fixed assets Investments Current assets Current liabilities		523,083 2 624,295 ~122.943)		3,647	523,083 2 627,942 ~122,943)	516,001 1 448,681 ~98.257)
		1,024,437		3647	1 028084	866,426
MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.20	in funds	31 321
Unrestricted funds General fund				859,985	164,452	1,024,437
Restricted funds Civic Hardship Grant What's in IT Living Well Close Encounters Joining Forces in Portsmouth Veterans Information Point Special Advice Service				2,193 3,787 14 427 20	(2,823) 29	(2,823) 2,193 3,787 14 427 20 29
				6,441	~2,794	3,647
TOTAL FUNDS				866,426	161,658	1,028,084
Net movement in funds,	included	in the above are as	follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				2
Unrestricted funds General fund				712,787	(548,335)	164,452
Restricted funds Civic Hardship Grant Close Encounters Joining Forces in Portsmouth Veterans Information Point National Lottery - Covid Response Special Advice Service Job Retention Scheme				118,585 19,532 43,897 50,013 46,564 86,619	(2,823) (118,585) (19,532) (43,897) (50,013) (46,535) ~86,679)	(2,823) 29
				365.211)	~368,004)	2,794
TOTAL FUNDS				1.077,997	~9)6.339)	161,658

Comparatives for m	t in fun	ds
				Net	Transfers
				movement	between	At
			At 1.4.19	in funds	funds	31.3.20
			2			6
Unrestricted funds General fund			792,220	68,771	(1,006)	859,985
Restricted funds Civic Hardship Grant What's in IT Living Well Close Encounters Joining Forces in Portsmouth Veterans Information Point			712 3,787	(1,006) 1,481 14 427 20	1,006	2,193 3,787 14 427 20
			4,499	936	1,006	6,441
TOTAL FUNDS			796,719	69,707		866,426
Comparative net movement	in funds,	included	in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
						2
Unrestricted funds General fund				739,065	(670,294)	68,771
Restricted funds
Civic Hardship Grant What's in IT Close Encounters Joining Forces in Portsmouth Veterans Information Point				273 1,481 107,416 89,715 36,515	(1,279) (107,402) (89,288) ~36,495)	(1,006) 1,481 14 427 20
				235,400	234,464	936
TOTAL FUNDS				974,465	(904,758)	69,707