REGISTERED COMPANY NUMBER: 03344224 IEngl•nd and Wales) REGISTERED CHARfTY NUMBER: 1062723 AGE UK MAIDSTONE (A ¢ompany limited by guarant••) TRUSTEES. REPORT AND FINANCIAL STATEMENTS OR THE YEAR ENDED 31 MARCH 2022 'A8JURAW4 2911212022 COMPANIES HOUSE wii #95 Porritt Rainey The Cfown Business Centre 10 High Street Orford Sevenoaks Kent TN14 5PQ Maidstone ageuK Age UK Maidstone Contents of the Financial Ststements for the year ended 31 March 2022 Chairnian's and CEO Reptyt Report of the Trustees 2 to 6 Report of the IndePen￿t Audit(•r6 7 to 9 Statement of Flnandal Activit io Statement of Flnandal Posltlon li Statement of Cash Flows 12 13 Notes to the financial Ststements 14 to 22 Age UK Maidstone Chairman's and CEO Reptyt for the year ended 31 Marth 2022 2021122 was anothw unprecedented yw in history and W￿r￿s1On cl AUKM. The year had many challerw with many twh difficu￿ deCiS￿n$ m* durirwJ the covid and pandemic pericd. A big thank you to the team, volunteers a￿1 for strw f￿s, Outsta￿ling leadership during these challengiThJ tirnes. It was a great t&im effort and ccffltribution from everyone ttrklt enabled AUKM to deal with the challenges of working through the FAlSt pandemK FerKxl. Post lockdown brought many challenges these Ind￿ the re-esiabltshment of services, getting dients out of their hcmes, given th&n the cOnfide￿e to atternl servKts and setting up ne￿ Se￿￿$. Post the pandemic the￿ was a *ry strong team spnL C￿la￿rat￿)n a￿1 teamworkiThJ to Y￿k through the chalbiges and to succeed arKI rrt)t to let (b)wn the eldth in local coffmunty. The decision was taken to proc*J with the sale Mill Street 0f￿e. Tr sale was completad and AUKM rehxated to Diary Court in OCto￿r 2021. Dkiry Court has enabled AUKM to bring the maj(￿ty of seThi￿ ur)der one ￿ntralise hub at Diary CourL rationalise cc6ts and continue to ￿ntral￿Se Servi￿ as Y￿ move forward. The move to Dtary Court has been a success and has teen Welc￿ by dients, stsff and volunteers. The sale of Mill StsEet offKe has WOVKled furtlw finarthial stsbility for AUKM arKI alh)%*d tre charity to clear the mortgage for the G(￿Jman Centre and make the inves1m￿t in Diary Cou There has b￿n continued imwoved arvj enhanced working rdatts)nships v4ith all key stskeholders KKG Maidstone BC, Age UK natlonal & other AUK branches wrth Kent. In June 2021 v* als) estabii%hBJ a reL3tyJnship wth UK SeverKwks aryj Tonbridge, this included a sharing of a CEO resource and with a continL*d enha￿ern￿t of services, we continue to review the arrangement moving fo￿ard. During 2021122 we continued to eV0￿e skills, capabilities aTrJ contributions of the tK)ard (* AUKM. The EM)ard met on a regular basis throughout the year - the Th*eb"ngs were corKlucted ￿n%)tely. Due to the continued fc(us of the CEO & team, decisive, dear and timely arttcms tsken by AUKM the charity dosed 2021122 in a solid and stsble fir￿n¢la1 t￿51tH)n, with servKes ￿￿￿ned a￿1 ￿￿tchIng the needs of the kxal communty and in wsitK)n to fa￿ the challenges for the COMI￿ year. Mr J Kuller (Chair) and Louise MacPherson (CEO) Age UK Maidstone Report of the Trustees the year ended 31 Marth 2022 The trustees who are a150 directors of the charity for the purp)ses of the C£Kn￿nIeS Act 2006, present their reFQrt wlth the financial ststernents of the tharity for the year ended 31 March 2022. The trustees have adotsl the provisions of Accounting and RetortirwJ by Charitss: Ststement of Recomme￿ PraCt￿e applicable to charfties preparing their accounts in accordan￿ wrth the ￿nar￿la1 Re￿rti￿ Stsndard appl￿ble in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The trustees who are also dirertors of the charity fc* the purpw4es of CThnpanies Art 20(￿, present their ￿port with the financial ststements of the charity for the year end&1 31 March 2020. The trustees have adopted the provisions of Accounting and Rep)rtiThJ by Cjkirities: strt￿￿nt of Rrfommernled Pr￿iCe applicable to charrties preparing their ￿coUnts in accordaKe with the ￿nar￿al ReP￿ti￿ Standard a￿￿ble In the UK and Rewblic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims Age UK Maidstone is a non political, sectsrian voluntary L￿ with charitabSe ststus worknng with stsiirtory and other voluntary organisations to promote the welfare of eklth peop￿ in any manner wh￿h now, or hereafter, may be deemed by the law to te tharitable, within P￿rough of MaIdstor￿ and Kent. Our priorities a￿ laid out in our MISS￿ Stste)￿t. Our Mission The provision of Health, Wdlbeirrfj SuprAlrt to older pe￿ worknr¥J across Kent with similar miThJed charrttes We believe: • That older people are enti￿ed to the support that tw need to inyove tt*ir own sense of well)eing, to achieve IndeFenden￿ to have control of thar own lives:. • That'AgeisY or negative attitLNJes stwld not te tolerted • Age 15 not a barrier. • The expertations of older FW)le arrfj thelr cwers can be achieved. That okler ￿pIe strthld remain free to choose the seNices the seTh￿S suppK)rt tw requi￿ In Y￿rkIr0 wf(h partners to xhieve our vis*)n Our obJ"ectives are: . To provide a wide variety of Servi￿ and 5UPWrt aim&d at irnwoving the qualty of life for elderty [￿ople at a pri￿ they can afford. To listen to older FEople try to offer person Cent￿ SUp￿¥t • To work in pathership wtth others to this erKI arKI seek to educate a￿1 Influen￿ key decision makers on issues relating to older peoWe. • To support older people in ￿1r h(MI￿$ to mainfain I￿nder￿e aThJ offer t￿n￿ary aCC￿S to seNices where appropriate • To provide companionship for our dients through a rarK)e of specialised serrfkes. When dients need more 5￿cialist care than we can provtyje, VIE refer them on to other agencies workir¥J to secure the SUPFOrt they need. To provmje the best savices to help older to have full the lives. Public benefit We have referred to the guidarKe contsined in tr* Charity Commissmin's geT￿rnI gUIdar￿ on public ￿nefit when reviewing our aims and obiectsves aThJ in planning our future actryities. In particular, the trustees consider how planned actsvrties IMII ccmtTiLxrte to the awns and obj&ts￿ tly haht set. PèJe 2 Age UK Maidstone Report of the Trustses for the year ended 31 Marth 2022 OBJEcfIvES AND ACTIVITIES Volunteers Many volunteers (Kganisations haNe hdped arKI asssted AUKM - Kent ￿ arnl Rescue, The Rc*ary aub, National Trustees would like to thank all our %M)lunteeYs for their hyaty to the dients we a￿ to sUpF￿. We would like to thank the fcdhJwirrfJ 0rgar￿SatiCffis, which ha* support￿1 us during the year by providing us with SeN1￿ free of charge or at a reduced rate: We would like to thank KCC, Maidstone Borough Council, Kent fire arKI ReKue and The Rotary aub for their continued SUPkYJrt. srRATEGIC REPORT Charitable activities Achlevements and Perfomarfe The yw 2021-22 has been challengirKJ, due lo the imW of parKlemiG All social groups, day ￿ntre5 a￿1 dementia Servi￿ were susperThled; however, we adapted serrfKes to sUp[￿rt dients in their homes through the setting up of meals-on.wheels servi￿, dementia outreach and Y￿fare calL4 a￿1 visits. Throughout the pandemic we continued to operate a Ca￿ seNice in tre aw covered by maid5t0￿ Borough Counol. The servke is delNer&J by a team of nurses on a full cost recovery basi5. The Servi￿ is available to sidents of the t#)rough who a￿ not residiTrJ in trryitsl, are aged over 55 have be￿ assessed by ourselves as requlring fwt care. This SeThI￿ OFwates ur#der strict rnedKal and Covkd gumlelines and has been a resounding sUC￿s. Our service enabfes the dients to maintain their ind￿nden￿ and redu￿ the r6ks of falls and subsequent injuries. Our Communty bathing serike has c￿tin￿l ftr those reshjents of the Bomugh of Manlstone aged over 55, with a mobility problem or hamng dIff￿￿ty getting in ar*J out of the bath. The seNice has been adapted to meet the new legislabon set out by C The indepeThJent living supwrt servKe Contin￿ to develcy. The servitr is de5KJn8J to ass￿ older people to remain indeFendent in tr￿1r own home5. COVKI meant that we had to adapt the Servi￿ to meet their needs. We Carr￿ out a considerable amount of shopping calls. prescriptK)n pKk-ups and Welfa￿ calls. and continued to provide SUPFQrt with day-ttrday tssks, suth as c￿aning, lauThlry1 W changing. shoppir*J, gardening, and tefriending. We also provided a tske home and setue ser¥￿e from MaIdsto￿ t¥)spital on L*ha￿ of Age UK East Sussex and the West Kent Clinical Commissioning group. Financial review Flnancial position Flnanual Review of the Year Our Inccffie and Expenditu￿ Ststarent s￿4 a Su￿U5 for tre fir0￿la1 year amountiw to £ 163,485 (2020121 Surplus £ 451,921) Income received totalled £ 844,5% (2020121: £1,Cp30,226). Reserves policy Consolidated hJn(ts now stsrbj at £937.842 (2020121: £774,537) but of these £73.160 is restricted and £114,993 designated to S￿la1 areas of expe￿liture see Note 19 to the ￿nancIal Ststements. Our consolidated funds a sufficient to fund all of our activitses for 3 months. The trustees. reseNes poliLry, in ￿SpeCt of both the restricW and Unrestri￿ funds, is to maintain these so that they are sufficient to complete an orderly dosure of OFErntions should fvnding cease. Page 3 Age UK Maldstone Report of the Trustee5 for the year ended 31 March 2022 STRATEGIC REPORT Princlpal rlsks and uncertainties The Trustees have identifEd the followiNJ as beirKJ major risks: . Resour￿ funding • Resources•StaffirvJ • Resources.Infrastructu • Regulation of sevvitss a￿1 [KOVisK￿ for the fuiure Financial and risk management obieLtives and poliaes The trustees have a duty to identfy aThJ review the risks to whth tt* Charity 15 exr¢sed arK1 to enswe appropriate controls are in pl￿ to provide reasonable assuran￿ against fraud and error. To this end, the Charity maintsins a risk regsster. The trustees have assessed the mai)r risks to which the Charty is ex[￿d, in particular those rela￿1 to operdtions and finances of the Charity a￿1 are satisf￿d that SyStem5 afKI contro15 are in to mitigate exr¥)SU￿ to the major Ti5ks. As Part of the prrKes5, the trustees review: .h A detailed budget and cash flow forecast vthKh a￿ rdtrecast ￿UlarlY, taking account of Varian￿ in income and extenditure. .h Quarterly management accounts although thq have also been recemng regular financial updates sintr the stsrt of the COVID-19 pandemi The trustees meet seveTrl b'mes ttr year to revwi ttE general finarKial of the Charity. The trustees have reviewed the Charityi,'s own intemal financial controls and are satiSf￿d that tlw are approprk4te in minimising any risk to the Chartyi Is funds. The m￿￿￿J1ate risk facirrfj the Chèrity cwrenty is any ovvjoing financial u￿ertaInty ￿$VIbr￿j from the COVID-19 pandemic and its Fthntial imF43Ct w irKome arKI servKes provthd.. In particular, this has impacted on daycar and Dementia Ca￿ inc￿. The trustees have to the of their abilit￿$ the current and potential future impatt of the COVID-19 pan￿M￿, to ensure that the Charity can maintain its day-to-day activities. The Trustees Mll take whatever measures con5KJer to LE requirej duriNJ this time to enable the Charty to continue its operations. srRucfuRE, GOVERNANCE AND MANAGEMErir Governing document Age UK Maidstone is a Chartsble company limited by guarartee which was I￿or￿M)rated on 2 April 1997 as Age Concem Maid5tone. The Charity is registered with the Charity Cc¥nmi55ion and govemed by its Memorandum and Articles of A$s￿latIon and the Constitution. Dire£tors and Trustees receive no rernUr￿ation for their work on belN4lf of the charity. On 29th Febnjary 2012 the tharity thanged its name to Age UK Maidsth as a company limited by guarantee as the successor to Age Conctrn Maidstone. The members p￿sent at the charitEs Annual General meeting on 6th October 2011 had voted in favour of the narne change on the rrfommenthtton of the Directors. Our Trustees have traditthally been recruited by wtrd of moLrth, Fersonal recommendatmjn and via the bxal Volunteer Bureau. We have been fortunate that the mix of exk*rtise has teen suffic*nt to enable the Trustees to make lnfcwn￿ decisions. All new TnJstee5 a￿ given an inductsn pack whith irKludes a copy of 'The Essential TNsfft' publish￿ ty the Charity CiJnmissK)n. Tlw a￿ also assrgned an extsting Trustee as their mentor and given the opportunty to viyt all tr* various xtivit*s of tt￿ Chanty. Age UK Maidstone Report of the Trustees for the year ended 31 Marth 2022 As part of our Commltrr￿nt to quality in the serrf1￿ T•¥e a￿ regISte￿ with the Care Quallty Commission. We applied for ISO 9001 on ￿ 7th Feb￿￿ry 2014 and were registered on the 20th February 2014 for the pn)vision of soaal Op￿rtUnitieS and outreach seThices to older p&We. We are inspetted annually on our c(Knpliance with our ISO 9001.2015 stsrKlard. We were inspwted in Novemter 2017 and are reregistered for another three years subject to annual revie•VS. As a brand partr￿ of Age UK V￿ received sUp￿¥t frorn the natKJnal charity through the brand partner payments as a grant, fatt sheets, re5p)n*s to Govemment initiatNes and sUp￿rt for c3mpaignirvJ on issues that affect older [*. Any decisions that may affect existing kX)lioes. (K the agreeiTrJ of new px)h'cies or proCedU￿s, a￿ made by the 8oard after receiving rÉrommendatr*n frcrfn the e4)ard's var￿￿$ sub committees. These a￿ fomied to advi* the Board on Finan￿ and Business Planning, Care and Personnel. The P￿rd also ask the Chief Executive OffI￿r who attend the Board and its sub comittees in an advisory role. Kent Adu￿ Swal Care cOnfiM￿ in their grant applKation confimiation ktter that our grant for the finanoal year 20121 ￿K￿ld be ￿Jr last as they woubj be issuing contracts subject to comFetitive tender to 5tsrt from April 1st, 2021 as a result of this the Trustees held an Away Day to review our stratsgic obiectsves going forward. As part of the day, we review￿ our Mission Statement. With continuing con￿rnS over the amnt of cash reserves we V￿re h)Iding the Tru5tee5 continued their on-going review of the prices chargad to clients and our reserves Folicy. Our Truste￿ having review&1 our cash reseNes and have set a minimum target for £50,¢￿ in unrestricted cash ￿Se￿ for the end of the financial year 2020121. They also asked the Chief Executive to provkle b4KW mcKlels that induded M funding from Kent County Counal for the Board to consider before setting the budget for 2021122 REFERENCE AND ADMINISTRATIVE DEfAIiS Registered Company number 03344224 (England and Wales) Registered Charity number 1062723 Reglstered office Unit l and 2 Dairy Fa Fairview Farm Lintr)n Road Maidsione Kent ME15 OAL C A Vizzard Retired (resigned 201812022) B C Viuard Retired (resigned 11412021) J Kuller H R Cmsultart K J Hesketh A F Gip￿ Retired (app)inted 191412021) {￿Kjned 1111112021) K Bames Fundraising Manager (aP￿inted 191412021) M McKay Retired (appointed 191412021) M J Redono Gonzaelez (apkKJinted 261512021) Company Secretwy L H MacPherson Age UK Maldstsne Report of the Tnthes for the year ended 31 March 2022 Audltors Porrltt Rainey The Crown Business Centre 10 High Street Otford Sevenoaks Kent TN14 5PQ srATEMEKf OF TRusfEES' RESPONSIBILrrIES The trustees (w￿) are also the dirertors of Poe UK maidstC￿ for the purposes of company law) a￿ ￿ponSIble for preparing the Annual Report and the finar￿la1 Staterr￿nts in with applKable law a￿1 United Kingdom Accounting Standards (United Kingth Generalty Accepted kcounting Practice) including Financial ReFM)rting Standard 102 'The Finanoal ReF4)rtirwJ Standard appli&ible in ￿ UK and RepU￿1C of Ireland" Company law requires the trustees to wepare financial statements for eath finanaal year whKh give a true and fair view of the state of affairs of the tharItab￿ company and of the incomiNJ resour￿ and application of resources, including the Ir￿me and expenditu￿, ¢( the charitab￿ ccmpany for that perioj. In P￿paring those financial Stat￿￿nts, lthe trustees are required to select suitable accounting policies and then appty them consi•; obserye the meth¢Jls arkl principle5 in the Charity SORP; make ju(h3ements and estimates that are rea￿nable aThJ state whether applicable accounting slandards have been follTh¥ed, subjert to any materfial departwes dlsdosed and explained in the fiTh4ncial statements; prepare the financial Stste￿nts on ￿ 9irKJ CC￿￿rn basis urkn rf( is inappropriate to presume that the charitable company will continue in business. The trustees a￿ re4xMsible for keeping proper aca)untiry records which disdose V•ryth reasonab￿ accuracy at any time the financial pjsibon of the tharitable compkiny and to enab￿ them to ensure that ￿ financial statements comply with the CompanEs Art 2Ch)6. They a￿ also re5pKsnyble ts safeguJrdirKJ the assets of the charitable company and heno for taking reasonable steps the p￿Ve￿tIOn and detectK)n ￿ fraud and other irregularities. In so far as the trustees are aware: there is ￿ relevant audit infom7at￿ of which the charitsble ctynpanys auditors a￿ unaware; and the trustees have taken all steps that tw owht to have taken tr) make tI￿SelveS aware of any relevant audit information arKI to estsblish that the athjitors are aware of that inf￿Mat￿. Rewrt of the trust￿, approv&1 by order of the tx)Brd of trustees, as the ccrfnpany directors, on 30 November 2022 and signed on the trThrd's behalf by: - Trustee Report of the Independent Audltors to the Tntstees of Age UK Maidstone Oplnion We have audited the financial ststements of UK Ma*Jstone (the 'charitsbk company) for the year ended 31 March 2022 which comprise the Ststa)￿t of Finanaal Activities, the Ststement of Financial Posftion, the Statement of Cash Flows and notes to the financial statements, IrKI￿li￿ a summary of signffKant accounting liaes. The finanaal reF(Vting ftameeth that has teen applied in their weparation is appl￿ble law and United Kingdom Accounting Standards (Unitad KiThJdcKn Generalty Accept& kcountiThJ Prattice), induding Financial ReFQrtiThJ Standard 102 The Finanaal Re[o￿ng Standard applKable in the UK and Republic of Ireland,. In our Opinic￿ the financial ststeffents: give a true and fair view of the stste of the charitabk ccffjpanvs affair5 as at 31 March 2022 and of its incoming resour￿ and application of re9)urce5, indudirrfJ its Incon￿ arvj expenditure, for the year then endèj; have been property prepared in accordance with United KiThJdom Generally Accepted Accounting Practi￿, incI￿ling Financial Re￿rtIng Standard 102 Tr Finanaal RetLxtrng StaThJard applicable in the UK and Republic of Ireland,; and have teen preparejj in ￿0)rdance with the r￿U1rernents of the Ctynpanies kt 20C6. Basis for opinlon We conducted our audit In acC￿tsn￿ with Intematlonal Stsndard5 on A￿lking (UK) (IS4s (UK)) applicable law. Our resp)nsibilities under those standards a￿ further described in the AUd￿Or5. resFonsibilities for the aLhJit of the financial statements section of our ￿port. We are I￿endent of the charitsble o)mpany in accordance with the ethKal requirements that are relevant to our audit of the financial ststerrents in the UK, induding the FRCS Ethical Stsndard, and we have fuffilled our other ethical re4￿nsibilitieS in accordan￿ with th* requirements. We believe that the audit ￿lden￿ we have otknin&J is sUffic￿t and approKxiate to provide a basis for our opinion. Conduslons relatlng to going concern In auditing the financial ststements. we have coThYudad that the trust￿5. Use of the goirwJ concern basis of accountirrfj in the preparation of the financial statwnents i5 appropriate. Based on the work we have prf(ffi￿d, we have r￿t Identif￿ any rnaterial un￿rtaintieS relating to events or conditions that, individually or collectivdy, may cast signiftsnt doubt on tre charitsble company's ability to continue as a goirvJ con￿rn for a puicxl of at least twelve months from when the financrdl ststements are authorised for issue. Our reS￿nsIbl1￿es and the res￿n￿bIlit*S ￿ tr* trustees with respect to grAng contrrn are described in the relevant sections of thls report. Other information The trust&s are resF4Jn5ible for the other inf0M￿tion. The other informatK)n c(Ynprises tre infoTmatb)n included in t￿e Annual Report, other than the finarfb31 siaternents arnl our Report of the Indep￿￿t Au(thtors ther￿n. Our opinion on the financial ststrnts does not cly￿ other infonnation aThJ, eX￿pt to the extent ¢)U*Nise licltty stat&J in our we do eosition 31 March 2022 2022 Total funds 2021 Totsl funds furKJ5 Tangible assets li 215,093 224,093 392,040 CURREf4T ASSErs Debtors Cash at bank and in hand 12 17,818 17,818 40,182 556 339 698,307 64,160 76¥67 596,521 CREDrroRS Amounts falling due T￿1th1n one year 13 (48,718) {48,718) (39,873) NEf CURRENT ASSErs 713 749 TOTAL ASSEfs LESS CURRENT LIABILrrIES 864,682 73.160 937.842 948,688 CREDrroRS Amounts fallin9 dLE after more than one year 14 174 331) NET ASSErs 937 842 774 357 FUNDS Unrestric￿1 funds Restricted funds 17 864,682 701,197 TOTAL FUNDS 937 842 charitable company is entthl to exeftw￿ fitwn audit urKler ￿lon 477 of the Companies Act 2006 for the year ended 31 March 2022. The members have not deFKJsited noti￿, pursuant to SeCt￿)n 476 of fmipanies Art 2006 requiring an a￿lIt of these finanaal statements. The trustees acknowledge ￿1r ￿P)n￿￿'1it￿s for (a) ensurfirwJ that the charitsble ctyxpany keeps accountuig r￿dS that cornp￿ viith sectI￿s 386 and 387 of the Companies Act 2006 and preparing finanaal statements whth give a tnE and fair view of stste of affairs of the charitable company as at the end of eath finanaal year and of its suwus or d*it for eath fina￿31 year in accordan￿ with the requirements of Sertions 394 and 395 and %Yhth othernvtse compty with requirements of the Companles Act 2006 relating to finanaal statem￿, so far as applicable to the charitabk company. (b) These fin￿al statements have teen a￿lited the reQuire￿￿nts of SeLtw)n 145 of the Charities Att 2011. The finanoal Statern￿ were approved by the Board of Trust￿5 and authorsed for issue on 30 November 2022 and were signed on its t￿half by: J Kuller - Trustee The rKJtes foTh part of these financial ststements P&3e li continued... Age UK Maidstone Statement of Cash Flows for the year ended 31 Marth 2022 2022 2021 Cash flows from operating activitses Gish generated from operations Interest paid 53,283 405,067 Net cash provided by operating ￿￿vItIeS 399 367 Cash flows from Investing acuvltles Purchase of tsngible fixed assets Sale of tangible fNed assets Interest received (11,568) 344￿50 2,400 Net Cash provided by investing acbvit￿s Cash flows from financing activities Loan repayments in year Capital ￿paYrnents in year (191.479) (5,911) Net cash used in finanar¥J activities 191479 Change in cash and cash equlvalents In the reporting period Cash and cash equivalents at the beginning of the reporting pwiod 188,310 394,291 Cash and cash equlvalents at the end of the reporting p￿10d 556 339 The form part (rf these financh31 Stat￿nts PJJe 12 Age UK Maidstone Notes to the Statement of Cash Hows for the year ended 31 Marth 2022 RECONCIUATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING AcrivrrIES 2022 2021 Net Income for the reporting period (as per the Slatement of Financial Artivities) Adjustments for: Depreciation charges Profrt on disposal of fix&Y assets Interest received Interest paid D￿￿ase/{ln(￿$e) in debtor5 Increasel(decrease) In creditors 163A85 451,921 9,857 (175,192) 14,235 (2,400) (li) 5,700 (12,757) 51 621) 6,776 21364 Net cash provided by operations 405 067 ANALYSIS OF CHANGES IN NEf FUNDS At 114121 Cash flow At 3113122 Net cash Cash at bank and in hand 556 339 Pdge 13 Age UK Maldstone Notes to the Flnanaal Statements for the year ended 31 March 2022 ACCOUNTING POUCIES Basls of preparlng the flnandal statem The financial ststements of trE charitable company, which is a put￿lC benefrt entity urthyer FRS 102, have been prepa￿j in accordan￿ with the Charths SORP (FRS 102) 'Accounting and Reporting by Charities: Stste￿￿nt of Recommended Practrce applicable to charit￿5 p￿paring their accounts in accordan￿ with the Financial Repyting StaTrJard ap￿Kable in the UK and RepublK of Ireland (FRS 102) (effectNe l January 2019),, Finanaal ReFrfYting Standard 102 The Fina￿la1 ReP)￿r￿] Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historKal cost convention. Income All income is rttognised in the Statement of ￿naT￿la1 Actr41￿ On￿ the tharty has entidement to the funds, it is probatle that the incoff* will be receiv&l the amunt on be MeaSu￿d ￿￿.abty. Expendlture Liabilities are recognised as expenditure as SC4)n as there is a legal or constrLKtive obllgatK)n ccwnmitting the charity to that expenditure, it is probable that a transfer of ecor￿MiC benefits will be required in settlement arm4 the a￿urt of the otAigation can be measured relkibty. Expenditure is accounted for on an accruals basis and has tr￿en dassif*d under heading5 that a99￿ate all c05t related to the category. Where costs cannot be direcdy attributed to Forticular headings they have been allcKated to activities on a basis consistent %Yith the use of res0w￿. Allo&rtI￿ and apwtionment of costs The cost of overall direttion and administration on each activity, comprising the salary and overhead costs of the central function, is apFKJrtioned on the followiTrJ basis which are an estimate, basal on staff time, of the amount attritMJtsble to ￿ actiwty: Daycare Bathing Servi Handyman ServKe IndeFendent LiviThJ Sem Footcare Dementia Servi Meals serV￿e 35% Tanglble fixed assets Depreciation is provided at tt* folkjwiw annual ra*5 in order to write (If each a55et over its estimated useful life or, rf held under a finan￿ lease, over the lease term, Wh￿he¥￿ is the shorter. Freehold property Plant and machinery Motor Veh￿eS on cost ISWO on cost 25% on cost arKI 25% on reduciTrJ balan Taxatlon The charity is exempt from CLYporatK)n tsx on its tharitable rKbvttss. Fund accountlng Unrestricted funds can be used in accordantr with the charitsble obj￿￿YeS at the discretion of the Page 14 contlnL￿d... Age UK Maidstone Notes to the Financial Statements- contlnued for the year ended 31 Marth 2022 ACCOUNTING POLICIES- continued Fund accounting Restricted funds can onty LE used for pwtKular restrirt& Pur[￿ within the objects of the charity. Restricknons aTise when specIf￿d by the thnor (Y w￿n fu￿1$ are raisad for particuk4r restrKted purpN)ses. Further extAanalion of the natu￿ and wrp)se of e￿ fund is in notes to the financial 5tstements. Hlre purchase and lea￿n9 commltments Assets obtainej under hire purchase contvats ￿ fina￿e leases a￿ caprtalised in the Statement of Financial Position. Those hekl under hire purcha* contr￿ts a￿ deprecoted over ￿1r estimated useful lives. Those hekl under finafKe knses are over tsir estimabj useful lives ￿ the lease term, whichever is shjrter. Rentsls Fold urthr operatir#J leases a￿ charged to the StsteM￿t of Financial Activibes on a straight line basis over the ￿nC￿l of the leas& Pension costs and other po&t.retirement benefits The charitable company operates a defined contributKJn pension scheme. ContriLwtions payable to the charitsble companrfs pension scheme are charged to the Ststement of Financhil kbvities in the periDJ to which they relate. DONATIONS AND LEGAaES 2022 2021 Donations Gift aid 6,375 8,850 OTHER TRADING ACllVrnES 2022 2021 FundraisiThJ events INVEsfMENT INCOME 2022 2021 DepO￿t account Inte￿$t li Page 15 continLEd... Age UK Maldstone Notes to the Finanaal Statements - continued for the year ended 31 March 2022 INCOME FROM CHARITABLE AC￿vITIEs 2022 2021 aient Contrib￿lOn$ Grants aEnt ContributlMs Grants CIEnt Contributions Cl*nt Contributions Grants Cl*nt Contributti)ns Grants Client Contribut￿n$ Grants Client COntrib￿lOnS aient Contributions 3l827 114,733 19,510 525 49,203 262,281 11750 61,880 2,000 1¥629 46,500 2,669 625,354 15,773 Dayca Bathing SeThtce Bathing ServKe HarKtyman lTrJeFendent Living SerrfKe Independent Lrving Serv 65,189 217,340 34,264 9,814 Dementia Centre Trdnsport ServKe 554 1027 216 Grdnts receved, induded in the aboNp, are as folkw￿. 2022 2021 Lffal Authorty Lottery Age UK Veterans Involve 127,775 24.424 11,559 560,995 9,655 38,685 16,019 SUp￿rt costs (see note 7) Direct Tots15 95,523 21282 45,935 180,820 45,659 6,708 49,016 12,255 12,255 85.780 24,508 49,017 144,539 34,537 58,190 266,600 70,167 55,725 Bathing SeThice Han(tyman IrKlepeThJert Liwng Service Fcotcare Dementia Centre Meals on Wh￿1$ service 681 110 p¥16 continued... Age UK Maidstone Notes to the Financial Ststements - contlnued for the year ended 31 March 2022 rthernan costs Totals Dayca Bathing Serrfi Handyman Independent LI￿n9 Servi Footcare Dementia Centre 46,329 11,583 11,582 81,073 23,163 46,328 1,679 420 421 1,008 252 252 1,764 49,016 12,255 12,255 85,780 24,508 49,017 1,681 421 1,008 252 245 086 Activity Management Flnance fy)vernan￿ costs Basts cl alk)catw)n Stsff activity Stsff activity stsff activity NET INCOMEI(EXPENDITURE) Net irKomel(expendltu￿) is siatsj ats thargIn￿[r￿1rtW￿). 2022 2021 Auditors remuneration Depreciation - own&J assets Depreciation - assets on hire purchase contracts and finan￿ leases Other operating ￿e$ Surylus on disposal of assets 3,6CK) 11,895 2,159 2.796 9,857 17,676 175 192 TRusfEES' REMUNERATION AND BENEFrrs There w￿e no trustees, re￿￿￿atIOn or other iEnefits for the year ended 31 March 2022 nor fcff the year ended 31 March 2021. Trustees. expenses There we ￿ trustees. expertses paKI for the year e￿Ied 31 Mard12022 mr for the year ended 31 March 2021. 17 continued... Age UK Maldstone Notes to the Financial Statements- o)ntinued for the year ended 31 March 2022 10. srAFF cosrs 2022 2021 Wages and safaries Social seojrity costs Other pension costs 427,786 22,439 425,118 23,720 458 562 457 289 The average nk)nthly number of empbyees during the year was as follo￿. 2022 2021 Admin and Marwjemert Daycare Independent LIVI￿ Service 35 30 47 45 No employees rEce¥ed eM￿um&)ts in excess of £60,(KK). The EmoluffMts of the Ch*f Execubve was £ 61,253 whlch was shared with another Age UK charity. 11. TANGIBLE FIXED ASSErs Freehohj property Pknt and machinery Motor vehKles Totals COST At l April 2021 Additior DisP05als 493￿31 82,127 11,568 294,755 870,713 11,568 (201971 (286 121 At 31 March 2022 394 189 DEPRECIATION At l April 2021 Charge for year Eliminatoj on dispjsal 104,944 6,638 313 78,974 3,219 294,755 478,673 9,857 (286 121) (318 434 At 31 March 2022 170 096 NET BOOK VALUE At 31 March 2022 21 224 093 At 31 March 2021 Paje 18 continued... Age UK Maldstone Notes to the Finanaal Statements - continued the year ended 31 March 2022 11. TANGIBLE FIXED ASSETS- continued Fixed assets, included in the atthp, whth are P*kl unckr hi￿ purthase contracts or finano leases a￿ as fcdlows: Motor vehocles COST At l April 2021 aTrl 31 March 2022 DEPRECIATION At l April 2021 a￿1 31 March 2022 NEf BOOK VALUE At 31 March 2022 At 31 March 2021 12. DEBTORS: AMOUNTS FALUNG DUE wmiiN ONE YEAR 2022 2021 Trade debtcKs HMRC JRS Prepayments 13,243 27,582 5,911 13. CREDrroRS: AMOUNTS FALUNG DUE WrnIIN ONE YEAR 2022 2021 Bank loans and overdrdfts (see note 15) Trade creditors cial security ¥KI ottrw iaxes Pension Contffjl Wages Contrd Accrued eX￿nSeS l7,148 L3,364 32.970 6,345 3,126 1,414 137 Paje 19 continued... Age UK Maidstone Notes to the Finanoal Statemerts- continued for the year ended 31 March 2022 I￿ CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR 2022 2021 Bank loans (see rK)te 15) 174 331 15. LOANS An anatysis of the matuiity of loars is given below: 2022 2021 Amounts fallirvj due withn one year on {kn￿nd. Bank loans Amwnts fallir#J bet¥￿n crfE arKI tvKI years: Bank loans- 1-2 years Amounts fallirwj d￿ between two aThJ five year5: nk loans - 2-5 years Amounts falliw due in than fve years: Repayable by instalments: Bank loans rn0￿ 5 yr by instsl 105,738 16. SECURED DEwrs loans a￿ secured by a charge ow 6 Eg￿rnonl Road, Bearsted, Kert ME15 8LH dated 2210212010 and 7 Mim Stre¢ Mamlstone, Kent, ME15 6XW dated 0810612012. 17. MOVEMENT IN FUNDS Net movement in funds At 114121 3ty3122 Unrestrlcted funds General fund Day Care continge￿ Mill Street ProFerty .. 586,204 10,000 163,485 749,689 10,000 701,197 163085 864,682 Restrirted funds Dementia Centre Mini￿S Replacemert 44,608 3,533 44.608 3,533 Devdopment FWKJ Veteran Fund TOTAL FUNDS 774 357 163 485 Page 20 continued... Age UK Maldstone Notes to the financlal Statements - continued for the year ended 31 March 2022 17. MOVEMEMf IN FUNDS- continued Net movemert in fuThts, indth in ￿ atThe are as folkh¥s: Incoming resour Re￿ur￿5 expended Movement in funds Unrestrlcted funds General fund 83￿45 {668,360) 163,485 Restricted furKIs KCC PPE Grant Il750 (11750) TOTAL FUNDS Comparatives for movement in funts KNement in fuTrJs At 114120 3113121 Unrestr1rt￿ funds General fund Day Care ContingenLy Mill Street PropErty 150,302 io,c 435,902 586,204 10,000 104 993 265,295 435,902 701,197 Restricted funds Dementia Centre Minibus keplacemert 9,000 44.608 3,533 D￿e￿￿ent FuThl Veteran Fund 3,533 TOTAL FUNDS 451921 774 357 Comparntive net rrthement ￿ fuThJs, Ind￿ in tre above a￿ as folbws: InccffiiTrJ Resour￿ Movement in funds Unrestricted furMIs General fund 1.074,207 {638,305) 435,902 Veteran FuTrJ 16,019 16,019 TOTAL FUNDS 451921 Pwje 21 continued... Age UK Maidstone Notes to the Financial Statements - contlnued for the year ended 31 March 2022 18. RELATED PARTY DISCLOSURES There were no re*d party transact￿5 for ￿ year erKled 31 March 2022. P￿Je 22