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|||||Page|
|---|---|---|---|---|
|Reference and Administrative|||Details ofthe Charity, its Trustees and Advisers||
|Trustees'
Report||||2-16|
|Independent|Auditor's|Report|on the Financial Statements|17-19|
|Consolidated|Statement of Financial Activities|||20|
|Consolidated|Balance|Sheet||21|
|Charity Balance Sheet||||22|
|Consolidated|Statement ofCash Flows|||23|
|Notes to the|Financial|Statements||24-43|
|Trustees||Paul Bertin||
|---|---|---|---|
|||Ann Battom||
|||John Corbishley||
|||Kevin Williams||
|||Tonina Ashby||
|||Diana Murkin||
|||David Langley||
|||Sandra Mellors (appointed|16November 2022)|
|Charity registered||||
|number||1059995||
|Principal office||The William
And Patricia Venton Centre||
|||York Road||
|||Northampton||
|||NN1 5QJ||
|Chief executive officer||Christopher
Duff||
|Independent|auditor|MHA||
|||Statutory Auditor||
|||Century
House||
|||The Lakes||
|||Northampton||
|||United
Kingdom||
|||NN4 7HD||
|Bankers||Bank of Scotland PLC||
|||Edinburgh||
|||BX21LB||
|Solicitors||Wilson Browne||
|||The Manor House||
|||12 Market Square||
|||Higham
Ferrers||
|||Northamptonshire||
|||NN10 8BT||
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|||||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|funds|
|||||2023|2023|2023|2023|2022|
||||Note|||E|||
|Income and|||||||||
|endowments|from:||||||||
|Donations
and|legacies||2|||401,545|401,545|169,121|
|Income from charitable|||||||||
|activities and trading|||||||||
|income|||3||60,000|3,828,502|3,888,502|3,317,218|
|Investment
income||||16,217||26,311|42,528|29,793|
|Other income||||||25,141|25,141|7,274|
|Total income|and||||||||
|endowments||||16,217|60,000|4,281,499|4,357,716|3,523,406|
|Expenditure
on:|||||||||
|Raising funds||||||644,352|644,352|526,481|
|Charitable
activities|||||60,000|3,399,141|3,459,141|3,022,769|
|Total expenditure|||||60,000|4,043,493|4,103,493|3,549,250|
|Net income/|||||||||
|(expenditure)|before||||||||
|net gains/(losses)||on|||||||
|investments||||16,217||238,006|254,223|(25,844)|
|Net (losses)/gains
on|||||||||
|investments||||(111,839)||(102,243)|(214,082)|107,141|
|Net movement|in||||||||
|funds before|other||||||||
|recognised
gains||||(95,622)||135,763|40,141|81,297|
|Other recognised|||||||||
|gains:|||||||||
|Gains on revaluation||of|||||||
|fixed assets||||||||167,000|
|Net movement|in||||||||
|funds||||(95,622)||135,763|40,141|248,297|
|Reconciliation|of||||||||
|funds:|||||||||
|Total funds brought|||||||||
|forward||||2,023,635||2,445,542|4,469,177|4,220,880|
|Net movement|in funds|||(95,622)||135,763|40,141|248,297|
|Total funds carried|||||||||
|forward||||1,928,013||2,581,305|4,509,318|4,469,177|
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|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Note||F|||
|Fixed assets|||||||||
|Tangible assets||||11||1,638,234||1,430,368|
|Investments||||12||2,678,804||2,392,886|
|||||||4,317,038||3,823,254|
|Current assets|||||||||
|Debtors||||14|190,971||627,181||
|Cash at bank|and|in|hand||848,458||936,782||
||||||1,039,429||1,563,963||
|Creditors: amounts|||falling due within one||||||
|year||||15|(851,700)||(909,469)||
|Net current|assets|||||187,729||654,494|
|Total net assets||||||4,504,767||4,477,748|
|Charity funds|||||||||
|Endowment|funds|||||1,928,013||2,023,635|
|Unrestricted|funds|||||2,576,754||2,454,113|
|Total funds||||||4,504,767||4,477,748|
##
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|||||2023|2022|
|---|---|---|---|---|---|
||||||E|
|Cash flows from operating|activities|||||
|Net cash used
in operating|activities|||410,441|284,293|
|Cash flows from investing|activities|||||
|Dividends,
interests
and rents from investments||||42,528|29,793|
|Purchase oftangible fixed assets||||(314,026)|(32,253)|
|Proceeds from sale of investments||||979,398|288,833|
|Purchase of investments||||(1,229,400)|(288,833)|
|Sale of tangible
fixed assets||||19,010|4,949|
|Net cash (used in)/provided|by investing||activities|(502,490)|2,489|
|Change
in cash and cash|equivalents|in|the year|(92,049)|286,782|
|Cash and cash equivalents
at the beginning|||ofthe year|942,826|656,044|
|Cash and cash equivalents|at the end|of|the year|850,777|942,826|
|The notes on pages 24 to 43 form part ofthese financial statements||||||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2023|2023|2022|
|Donations|368,440|368,440|97,181|
|Legacies|33,105|33,105|71,940|
||401,545|401,545|169,121|
|Total 2022|169,121|169,121||
##
|||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023
F|2023
E|2022f|
|Provision ofservices|||920,103|920,103|796,638|
|Rent receivable|||16,410|16,410|12,193|
|Other income|||||7,927|
|Grants and contractual|income|60,000|2,192,104|2,252,104|1,934,413|
|||60,000|3,128,617|3,188,617|2,751,171|
|Total 2022||60,000|2,691,171|2,751,171||
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||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2023|2023|2022|
|||||||||E|E|
||Insurance
commission||||||83,060|83,060|74,541|
||Bank interest received||||||1,744|1,744|20|
||Fundraising||||||2,471|2,471|499|
||Shop income from|donated||and bought||in products|612,610|612,610|490,987|
||||||||699,885|699,885|566,047|
||Total 2022||||||566,047|566,047||
|4.|Grant 8 contractual||income|||||||
|||||||||2023|2022|
|||||||||E|E|
||Northamptonshire|NHS||||||887,574|525,495|
||Kettering
Borough|Council||||||20,000|20,000|
||Department
for Transport|||||||8,781|8,781|
||Northampton
Borough||Council (NBC)|||||40,000|40,000|
||Age UK|||||||32,825|38,052|
||British Red Cross|(Kettering||General|Hospital)|||82,888|248,911|
||Marie Curie|||||||646,429|552,781|
||Social prescribing|||||||476,354|370,765|
||COVID Support|||||||10,608|17,634|
||Other|||||||46,645|111,994|
|||||||||2,252,104|1,934,413|
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|||Endowment|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|funds|
|||2023|2023|2023|2022|
|||||E||
|Listed|investments|16,217|26,311|42,528|29,793|
|Total|2022|12,066|17,727|29,793||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2023|2023|2022|
|||F|E|E|
|Government|grants - JRS Income|||7,274|
|Misc income||25,141|25,141||
|||25,141|25,141|7,274|
|Total 2022||7,274|7,274||
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023|2022|
||||||||E|
|Insurance|commission||||30,340|30,340|36,369|
|Shop expenses||from donated|and bought|in products|614,012|614,012|490,112|
||||||644,352|644,352|526,481|
|Total 2022|||||526,481|526,481||
##
||Restricted|Unrestricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2023
E|2023
f|2023f|2022
E|
|Home care services||565,101|565,101|558,924|
|Active ageing services||113,495|113,495|79,122|
|Advisery services|60,000|173,366|233,366|143,340|
|Day care services||573,236|573,236|542,035|
|NHS funded
services||1,973,943|1,973,943|1,699,348|
||60,000|3,399,141|3,459,141|3,022,769|
|Total 2022|60,000|2,962,769|3,022,769||
##
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|||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||E|F|E|F|
|Wages and|salaries|||2,891,878|2,548,516|2,876,934|2,526,071|
|Social security costs||||173,993|139,784|172,417|137,920|
|Contribution|to defined|contribution|pension|||||
|schemes||||49,529|41,829|49,165|41,345|
|||||3,115,400|2,730,129|3,098,516|2,705,336|
|Group|Group|
|---|---|
|2023|2022|
|No.|No.|
##
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||Freehold|Motor|Fixtures and||
|---|---|---|---|---|
||property
f|vehicles
E|fittings
F|Totalf|
|Cost or valuation|||||
|At 1 April 2022|1,868,509|364,467|337,813|2,570,789|
|Additions|221,712||92,314|314,026|
|Disposals||(94,988)|(56,477)|(151,465)|
|At 31 March 2023|2,090,221|269,479|373,650|2,733,350|
|Depreciation|||||
|At 1 April 2022|551,984|292,439|295,998|1,140,421|
|Charge for the year|18,579|42,929|25,642|87,150|
|On disposals||(76,518)|(55,937)|(132,455)|
|At 31 March 2023|570,563|258,850|265,703|1,095,116|
|Net book value|||||
|At 31 March 2023|1,519,658|10,629|107,947|1,638,234|
|At 31 March 2022|1,316,525|72,028|41,815|1,430,368|
##
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||Listed|Unlisted||
|---|---|---|---|
|Charity|investments|investments|Totalf|
|Cost or valuation||||
|At 1 April 2022|2,392,882||2,392,884|
|Additions|1,229,400|250,000|1,479,400|
|Disposals|(979,398)||(979,398)|
|Revaluations|(214,082)||(214,082)|
|At 31 March 2023||||
||2,428,802|250,002|2,678,804|
|A summar|y
oft|he results ofthe trading
subsidiary
is set out bel|ow:||
|---|---|---|---|---|
|||||Age UK|
||||Northamptonshire||
||||Trading|Limited|
||||2023|2022|
|||||E|
|Turnover|||59,458|36,443|
|Cost ofSales|||(25,255)|(9,622)|
|Gross profit|||34,203|26,821|
|Other operating||income and costs|(21,020)|(26,759)|
|Net profit|I(loss)||13,183|62|
|Gift Aid payment||to Age UK Northamptonshire|(62)||
|Retained|in subsidiary||13,121|62|
##
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##
||||Group|Group|
|---|---|---|---|---|
||||2023|2022|
|||||E|
|Goods|for|resale|11,449|5,548|
##
|||Group|Group|Charity|Charity|
|---|---|---|---|---|---|
|||2023|2022|2023|2022|
|||E||E|E|
|Due within one year||||||
|Trade debtors||149,686|492,996|147,179|492,996|
|Amounts
owed by group undertakings||||4,771|20,405|
|Other debtors||3,058|468|2,976||
|Prepayments|and accrued income|36,986|113,918|36,045|113,780|
|||189,730|607,382|190,971|627,181|
##
||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|
||||2023
E|2022|2023f|2022|
|Trade creditors|||85,860|94,014|77,886|93,652|
|Amounts
owed|to group undertakings||||250,000||
|Other taxation|and social security||39,804|33,585|39,804|33,585|
|Other creditors|||4,282|8,699|4,282|8,699|
|Accruals and deferred||income|479,728|773,533|479,728|773,533|
||||609,674|909,831|851,700|909,469|
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
|||Balance at 1||||Gains/|31 March|
|||April 2022|Income|Expenditure|f|(Losses)|2023
f|
|Unrestricted
funds||||||||
|Designated
funds||||||||
|Capital provision||677,000|||||677,000|
|General funds||||||||
|General Funds||1,768,542|4,281,499|(4,043,493)||(102,243)|1,904,305|
|Total Unrestricted|funds|2,445,542|4,281,499|(4,043,493)||(102,243)|2,581,305|
|Endowment
funds||||||||
|The Venton 2000 Settlement||2,023,635|16,217|||(111,839)|1,928,013|
|Restricted funds||||||||
|Service Advice Team and Day||||||||
|Centre Care|||60,000|(60,000)||||
|Total offunds||4,469,177|4,357,716|(4,103,493)||(214,082)|4,509,318|
##
##
|Statement offunds|- prior yea|r|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2021|Income|Expenditure|(Losses)|2022|
|||||F|||
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Capital provision||510,000|||167,000|677,000|
|General funds|||||||
|General Funds||1,769,627|3,451,340|(3,489,250)|36,825|1,768,542|
|Total Unrestricted|funds|2,279,627|3,451,340|(3,489,250)|203,825|2,445,542|
|Endowment
funds|||||||
|The Venton 2000 Settlement||1,941,253|12,066||70,316|2,023,635|
|Restricted funds|||||||
|Service Advice Team and Day|||||||
|Centre Care|||60,000|(60,000)|||
|Total offunds||4,220,880|3,523,406|(3,549,250)|274,141|4,469,177|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Gains/|31 March|
|||April 2022|Income|Expenditure|(Losses)|2023|
||||F|||E|
|Designated|funds|677,000||||677,000|
|General funds||1,768,542|4,281,499|(4,043,493)|(102,243)|1,904,305|
|Endowment|funds|2,023,635|16,217||(111,839)|1,928,013|
|Restricted|funds||60,000|(60,000)|||
|||4,469,177|4,357,716|(4,103,493)|(214,082)|4,509,318|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at|||Gains/|31 March|
|||1 April 2021|Income|Expenditure|(Losses)|2022|
|||F||F|E|E|
|Designated|funds|510,000|||167,000|677,000|
|General funds||1,769,627|3,451,340|(3,489,250)|36,825|1,768,542|
|Endowment|funds|1,941,253|12,066||70,316|2,023,635|
|Restricted|funds||60,000|(60,000)|||
|||4,220,880|3,523,406|(3,549,250)|274,141|4,469,177|
##
|Analysis of net assets between
funds -curr|ent year|||
|---|---|---|---|
||Endowment|Unrestricted|Total|
||funds|funds|funds|
||2023|2023|2023|
||f|f.||
|Tangible fixed assets|649,718|988,516|1,638,234|
|Fixed asset investments|1,278,295|1,150,507|2,428,802|
|Current assets||1,051,956|1,051,956|
|Creditors due within one year||(609,674)|(609,674)|
|Total|1,928,013|2,581,305|4,509,318|
##
##
||Endowment|Unrestricted|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2022|
|Tangible fixed assets|680,461|749,907|1,430,368|
|Fixed asset investments|1,343,174|1,049,710|2,392,884|
|Current assets||1,555,756|1,555,756|
|Creditors due within one year||(909,831)|(909,831)|
|Ttl|2,023,635|2,445,542|4,469,177|
##
|||||Group|Group|
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Net income for the|year (as per Statement||of Financial Activities)|40,141|81,297|
|Adjustments
for:||||||
|Depreciation
charges||||87,150|106,144|
|Gains/(losses)
on investments||||214,082|(107,141)|
|Dividends,
interests|and rents from investments|||(42,528)|(29,793)|
|(Increase)/decrease|in stocks|||(5,901)|223|
|Decrease/(increase)|in debtors|||417,652|(390,679)|
|(Decrease)/increase|in creditors|||(300,155)|624,242|
|Net cash provided|by operating|activities||410,441|284,293|
||||Group|Group|
|---|---|---|---|---|
||||2023f|2022|
|Cash|in|hand|850,777|942,826|
##
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|||||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|---|---|
|||||||2022|Cash flows|2023|
||||||||F|E|
|Cash|at|bank|and|in|hand|942,826|(92,049)|850,777|
##
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|Group|Group|
|---|---|
|2023|2022|
|f.|E|
|93,529||
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|At 31
under|March 2023 the Group and the Charity
had co
non-cancellable
operating
leases as follows:|mmitments
to make future
minimum
leas|e payments|
|---|---|---|---|
|||Group|Group|
|||2023|2022|
|||E||
|Within|1 year|125,126|52,734|
|Between
1 and 5 years||369,458|123,513|
|Later|than 5years|14,583|21,583|
|||509,167|197,830|
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