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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03344224 (England and Wales) REGISTERED CHARITY NUMBER: 1062723

AGE UK MAIDSTONE (A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

OR THE YEAR ENDED 31 MARCH 2023

Porritt Rainey The Crown Business Centre 10 High Street Otford Sevenoaks Kent TN14 5PQ

Age UK Maidstone

Contents of the Financial Statements for the year ended 31 March 2023

Page
Chairman's and CEO Report 1
Report of the Trustees 2 to 5
Report of the Independent Auditors 6 to 7
Statement of Financial Activities 8
Statement of Financial Position 9
Statement of Cash Flows 10
Notes to the Statement of Cash Flows 11
Notes to the Financial Statements 12 to 18

Age UK Maidstone Chairman's and CEO Report for the year ended 31 March 2023

It has been another challenge year for Age UK Maidstone. During 2022 / 23 we have made steady and solid progress to build up and return services to the levels pre-covid.

A big thank you to the team at Age UK Maidstone and the wonderful volunteers have made a strong contribution to helping us rebuild services and get the clients back out in the community and having the confidence start to use our service again. Again a big thank you.

Challenging times requires strong leadership. During 22 / 23 the leadership has remained resilient, making the tough decisions and with a total fucus on the clients. It truly has been a great team effort and contribution from everyone that enabled Age UK Maidstone to deal with the challenges of working through a period of change.

We were awarded a sub-contract of the Dementia Contract and employed a Dementia and Me Co- Ordinator to support families and clients with Dementia. We have 2 dementia cafés in Maidstone, Peer Support and a Carers Group. We have also continued to grow our Dementia Day Care Days and COGS.

Dairy Court has evolved into a true hub for the community and clients. All services at Diary Court have seen good growth during the year. It is a truly vibrant and engaging environment for clients, volunteers and staff.

At the start of 2023 we opened up the Sunflower Café at the Maidstone Community Centre in Marsham Street, Maidstone. This is very exciting venture and has embedded us firmly within the Maidstone community and allowing us to build strong partnership with other locally based charities and community groups.

Since Apetito closed it operations in late 2022, we have experienced an increased demand for the meals on wheels service that has led us utilising our bigger premises to Marsham Streets to meet the increased demands.

There has been continued improvements and enhancements to working relationships with all key stakeholders, e.g. KCC, Maidstone BC, Age UK National & other AUK branches within Kent.

In June 2021 we established a close relationship with Age UK Sevenoaks and Tonbridge, which included a sharing of our Chief Executive Officer. In late 2023 it was decided that the 2 charities will work towards a potential merge to enhance support for clients and share resources. This is a very exciting opportunity for both charities, staff and clients.

Due to the continued focus of the CEO & team, decisive, clear and timely actions taken, the charity closed 2022 / 23 in a solid and stable financial position and in good position to face the challenges for the coming year.

J Kuller

MacPherson

Mr J Kuller (Chair) and Louise MacPherson (CEO)

Page 1

Age UK Maidstone

Report of the Trustees for the year ended 31 March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2020. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Age UK Maidstone is a non political, non sectarian voluntary body with charitable status working with statutory and other voluntary organisations to promote the welfare of elderly people in any manner which now, or hereafter, may be deemed by the law to be charitable, within the Borough of Maidstone and Kent.

Our priorities are laid out in our Mission statement:

Our Mission

The provision of Health, Wellbeing and Support to older people working across Kent with similar minded charities

We believe:

In working with partners to achieve our vision Our objectives are:

To listen to older people and try to offer person centred support

When clients need more specialist care than we can provide, we refer them on to other agencies working to secure the support they need. To provide the best services to help older to have full and active lives.

Public benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

Volunteers

Many volunteers organisations have helped and assisted AUKM - Kent Fire and Rescue, The Rotary Club, National Lottery.

Trustees would like to thank all our volunteers for their loyalty to the clients whom we are here to support.

We would like to thank KCC, Maidstone Borough Council, Kent Fire and Rescue and The Rotary Club for their continued support.

Page 2

Age UK Maidstone

Report of the Trustees for the year ended 31 March 2023

STRATEGIC REPORT

Financial position

Financial Review of the Year

Our Income and Expenditure Statement show a surplus for the financial year amounting to £ 163,485 (2020/21 Surplus £ 451,921)

Income received totalled £ 844,596 (2020/21: £1,090,226).

Reserves policy

Consolidated funds now stand at £937,842 (2020/21: £774,537) but of these £73,160 is restricted and £114,993 designated to special areas of expenditure see Note 19 to the Financial Statements. Our consolidated funds are sufficient to fund all of our activities for 3 months.

The trustees’ reserves policy, in respect of both the restricted and unrestricted funds, is to maintain these so that they are sufficient to complete an orderly closure of operations should funding cease.

Principal risks and uncertainties

The Trustees have identified the following as being major risks:

Financial and risk management objectives and policies

The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. To this end, the Charity maintains a risk register.

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to operations and finances of the Charity and are satisfied that systems and controls are in place to mitigate exposure to the major risks. As part of the process, the trustees review:

„h A detailed budget and cash flow forecast which are reforecast regularly, taking account of variances in income and expenditure.

„h Quarterly management accounts although they have also been receiving regular financial updates since the start of the COVID-19 pandemic.

The trustees meet several times per year to review the general financial position of the Charity. The trustees have reviewed the Charity¡¦s own internal financial controls and are satisfied that these are appropriate in minimising any risk to the Charity¡¦s funds.

The immediate risk facing the Charity currently is any ongoing financial uncertainty resulting from the COVID-19 pandemic and its potential impact on income and services provided.. In particular, this has impacted on daycar and Dementia care income. The trustees have assessed to the best of their abilities the current and potential future impact of the COVID-19 pandemic, to ensure that the Charity can maintain its day-to-day activities. The Trustees will take whatever measures they consider to be required during this time to enable the Charity to continue its operations.

Page 3

Age UK Maidstone Report of the Trustees for the year ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

Age UK Maidstone is a Charitable company limited by guarantee which was incorporated on 2 April 1997 as Age Concern Maidstone. The Charity is registered with the Charity Commission and governed by its Memorandum and Articles of Association and the Constitution. Directors and Trustees receive no remuneration for their work on behalf of the charity.

On 29th February 2012 the charity changed its name to Age UK Maidstone as a company limited by guarantee as the successor to Age Concern Maidstone. The members present at the charities Annual General meeting on 6th October 2011 had voted in favour of the name change on the recommendation of the Directors.

Our Trustees have traditionally been recruited by word of mouth, personal recommendation and via the local Volunteer Bureau. We have been fortunate that the mix of expertise has been sufficient to enable the Trustees to make informed decisions. All new Trustees are given an induction pack which includes a copy of "The Essential Trustee" published by the Charity Commission. They are also assigned an existing Trustee as their mentor and given the opportunity to visit all the various activities of the Charity.

As part of our commitment to quality in the services we provide we are registered with the Care Quality Commission. We applied for ISO 9001 on the 7th February 2014 and were registered on the 20th February 2014 for the provision of social opportunities and outreach services to older people. We are inspected annually on our compliance with our ISO 9001:2015 standard. We were inspected in November 2017 and are reregistered for another three years subject to annual reviews.

As a brand partner of Age UK we received support from the national charity through the brand partner payments as a grant, fact sheets, policy responses to Government initiatives and support for campaigning on issues that affect older people.

Any decisions that may affect existing policies, or the agreeing of new policies or procedures, are made by the Board after receiving recommendation from the Board's various sub committees. These are formed to advise the Board on Finance and Business Planning, Care and Personnel. The Board also ask the Chief Executive Officer who attend the Board and its sub committees in an advisory role. Kent Adult Social Care confirmed in their grant application confirmation letter that our grant for the financial year 20/21 would be our last as they would be issuing contracts subject to competitive tender to start from April 1st, 2021 as a result of this the Trustees held an Away Day to review our strategic objectives going forward. As part of the day, we reviewed our Mission Statement. With continuing concerns over the amount of cash reserves we were holding the Trustees continued their on-going review of the prices charged to clients and our reserves policy. Our Trustees having reviewed our cash reserves and have set a minimum target for £50,000 in unrestricted cash reserves for the end of the financial year 2020/21. They also asked the Chief Executive to provide budget models that included no funding from Kent County Council for the Board to consider before setting the budget for 2021/22

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

03344224 (England and Wales)

Registered Charity number

1062723

Registered office

Unit 1 and 2 Dairy Farm Fairview Farm Linton Road Maidstone Kent ME15 0AL

Trustees

C A Vizzard Retired (resigned 20/8/2022) J Kuller H R Consultant K Barnes Fundraising Manager M McKay Retired M J Redondo Gonzalez

Company Secretary

L H MacPherson

Page 4

Age UK Maidstone

Report of the Trustees for the year ended 31 March 2023

REFERENCE AND ADMINISTRATIVE DETAILS Auditors

Porritt Rainey The Crown Business Centre 10 High Street Otford Sevenoaks Kent TN14 5PQ

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Age UK Maidstone for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 30 August 2023 and signed on the board's behalf by:

J Kuller

J Kuller - Trustee

Page 5

Report of the Independent Auditors to the Trustees of Age UK Maidstone

Opinion

We have audited the financial statements of Age UK Maidstone (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 6

Report of the Independent Auditors to the Trustees of Age UK Maidstone

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to registered charities, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Charities Act 2011 and other factors such as taxation.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to manual accounting journals. Audit procedures performed by the engagement team included:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Porritt Rainey

for and on behalf of Porritt Rainey Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006 The Crown Business Centre

10 High Street Otford Sevenoaks Kent TN14 5PQ

Date: 30 August 2023

Page 7

Age UK Maidstone

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the year ended 31 March 2023

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
5,327
Charitable activities
3
Daycare
169,351
Bathing Service
23,968
Handyman
-
Independent Living Service
265,669
Footcare
52,398
Dementia Centre
69,527
Transport Service
27,764
Meals on wheels service
79,789
Take Home and Settle
70,677
Peers Support
2,216
Other income
2,191
Total
768,877
EXPENDITURE ON
Charitable activities
4
Daycare
140,299
Bathing Service
35,188
Handyman
-
Independent Living Service
264,087
Footcare
51,693
Dementia Centre
64,173
Transport Service
55,082
Meals on wheels service
99,997
Take Home and Settle
65,729
Peers Support
386
Total
776,634
NET INCOME/(EXPENDITURE)
(7,757)
RECONCILIATION OF FUNDS
Total funds brought forward
864,682
TOTAL FUNDS CARRIED FORWARD
856,925		 Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
2,160
360
-
1,080
720
1,980
-
450
2,250
-
9,000
(9,000)
73,160
64,160		 2023
Total
funds
£
5,327
169,351
23,968
-
265,669
52,398
69,527
27,764
79,789
70,677
2,216
2,191
768,877
142,459
35,548
-
265,167
52,413
66,153
55,082
100,447
67,979
386
785,634
(16,757)
937,842
921,085		 2022
Total
funds
£
6,375
147,560
20,035
49,203
275,031
63,880
59,129
-
47,716
-
-
175,666
844,595
144,539
34,537
58,190
266,600
70,167
55,725
-
51,352
-
-
681,110
163,485
774,357
937,842

The notes form part of these financial statements

Page 8

Age UK Maidstone

Statement of Financial Position 31 March 2023

Notes
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
NET ASSETS
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
207,593
42,472
674,085
716,557
(67,225)
649,332
856,925
856,925		 Restricted
funds
£
-
-
64,160
64,160
-
64,160
64,160
64,160		 2023
Total
funds
£
207,593
42,472
738,245
780,717
(67,225)
713,492
921,085
921,085
856,925
64,160
921,085		 2022
Total
funds
£
224,093
17,818
744,649
762,467
(48,718)
713,749
937,842
937,842
864,682
73,160
937,842

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements.

The trustees acknowledge their responsibilities for

These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 August 2023 and were signed on its behalf by:

J Kuller

J Kuller - Trustee

The notes form part of these financial statements

Page 9

Age UK Maidstone

Statement of Cash Flows for the year ended 31 March 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Net cash provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash provided by/(used in) financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2023
£
(6,404)
-
(6,404)
-
-
-
-
-
(6,404)
744,649
738,245		 2022
£
53,283
(6,776)
46,507
(11,568)
344,850
333,282
(191,479)
(191,479)
188,310
556,339
744,649

The notes form part of these financial statements

Page 10

Age UK Maidstone

Notes to the Statement of Cash Flows for the year ended 31 March 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

ACTIVITIES
2023 2022
£ £
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities) (16,757) 163,485
Adjustments for:
Depreciation charges 16,500 9,857
Profit on disposal of fixed assets - (175,192)
Interest paid - 6,776
(Increase)/decrease in debtors (24,654) 22,364
Increase in creditors **18,507 ** 25,993
Net cash (used in)/provided by operations (6,404) 53,283
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/4/22 Cash flow At 31/3/23
£ £ £
Net cash
Cash at bank and in hand 744,649 (6,404) 738,245
744,649 (6,404) 738,245
Total 744,649 (6,404) 738,245

The notes form part of these financial statements

Page 11

Age UK Maidstone Notes to the Financial Statements for the year ended 31 March 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Allocation and apportionment of costs

The cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity:

Daycare 20%
Bathing Service 5%
Advice and Information
Handyman Service 5%
Independent Living Service 35%
Footcare 10%
Befriending
Advocacy
Dementia Service 20%
Meals Service 5%

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 2% on cost
Plant and machinery - 15% on cost
Motor vehicles - 25% on cost and 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds 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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 12

continued...

Age UK Maidstone

Notes to the Financial Statements - continued for the year ended 31 March 2023

1. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. DONATIONS AND LEGACIES

3.

Donations
INCOME FROM CHARITABLE ACTIVITIES
Activity
Client Contributions
Daycare
Grants
Daycare
Client Contributions
Bathing Service
Grants
Bathing Service
Client Contributions
Handyman
Client Contributions
Independent Living Service
Grants
Independent Living Service
Client Contributions
Footcare
Grants
Footcare
Client Contributions
Dementia Centre
Grants
Dementia Centre
Client Contributions
Transport Service
Grants
Transport Service
Client Contributions
Meals on wheels service
Client Contributions
Take Home and Settle
Client Contributions
Peers Support
Grants
Peers Support
Grants received, included in the above, are as follows:
Local Authority
Lottery
Age UK
Involve
Age UK Hern bay		 2023
£
5,327
2023
£
60,782
108,569
23,968
-
-
265,669
-
52,398
-
41,181
28,346
26,764
1,000
79,789
70,677
652
1,564
761,359
2023
£
4,500
65,022
38,547
500
30,910
139,479		 2022
£
6,375
2022
£
32,827
114,733
19,510
525
49,203
262,281
12,750
61,880
2,000
12,629
46,500
-
-
47,716
-
-
-
662,554
2022
£
127,775
24,424
11,559
12,750
-
176,508

Grants received, included in the above, are as follows:

Page 13

continued...

Age UK Maidstone

Notes to the Financial Statements - continued for the year ended 31 March 2023

4. CHARITABLE ACTIVITIES COSTS

Daycare
Bathing Service
Independent Living Service
Footcare
Dementia Centre
Transport Service
Meals on wheels service
Take Home and Settle
Peers Support		 Direct
Costs
£
84,921
25,956
236,396
33,233
13,039
55,082
88,458
8,041
386
545,512		 Support
costs (see
note 5)
£
57,538
9,592
28,771
19,180
53,114
-
11,989
59,938
-
240,122		 Totals
£
142,459
35,548
265,167
52,413
66,153
55,082
100,447
67,979
386
**785,634 **

5. SUPPORT COSTS

SUPPORT COSTS
Management
£
Daycare
54,341
Bathing Service
9,059
Independent Living Service
27,171
Footcare
18,113
Dementia Centre
50,181
Meals on wheels service
11,322
Take Home and Settle
56,606
226,793		 Governance
Finance
costs
£
£
703
2,494
117
416
352
1,248
235
832
645
2,288
147
520
733
2,599
2,932
**10,397 **		 Totals
£
57,538
9,592
28,771
19,180
53,114
11,989
59,938
240,122
Activity Basis of allocation
Management Staff activity
Finance Staff activity
Governance costs Staff activity

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors remuneration
Depreciation - owned assets
Other operating leases
Surplus on disposal of fixed assets		 2023
£
5,040
16,500
26,112
-		 2022
£
5,040
9,857
17,676
(175,192

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Age UK Maidstone Notes to the Financial Statements - continued for the year ended 31 March 2023

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

8. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2023
£
468,124
21,489
4,629
494,242		 2022
£
427,786
22,439
8,337
458,562

The average monthly number of employees during the year was as follows:

Admin and Management
Daycare
Independent Living Service		 2023
6
8
45
59		 2022
5
7
35
47

No employees received emoluments in excess of £60,000.

The Emoluments of the Chief Executive was £ 61,253 which was shared with another Age UK charity.

9. TANGIBLE FIXED ASSETS

COST
At 1 April 2022
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Freehold
property
£
291,860
-
291,860
79,269
12,438
-
91,707
200,153
212,591		 Plant and
machinery
£
93,695
(80,422)
13,273
82,193
4,062
(80,422)
5,833
7,440
11,502		 Motor
vehicles
£
8,634
-
8,634
8,634
-
-
8,634
-
-		 Totals
£
394,189
(80,422)
313,767
170,096
16,500
(80,422)
106,174
207,593
224,093

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Age UK Maidstone Notes to the Financial Statements - continued for the year ended 31 March 2023

9. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

COST
At 1 April 2022 and 31 March 2023
DEPRECIATION
At 1 April 2022 and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Café account
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Pension Control
Other
Accrued expenses		 2023
£
25,141
14,181
3,150
42,472
2023
£
20,606
7,549
2,518
31,512
5,040
67,225		 Motor
vehicles
£
8,634
8,634
-
-
2022
£
13,243
-
4,575
17,818
2022
£
32,970
6,345
3,126
-
6,277
48,718

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

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Age UK Maidstone

Notes to the Financial Statements - continued for the year ended 31 March 2023

12. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Day Care Contingency
Mill Street Property
Restricted funds
Dementia Centre
Minibus Replacement
Development Fund
Veteran Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Dementia Centre
TOTAL FUNDS		 At 1/4/22
£
749,689
10,000
104,993
864,682
9,000
44,608
3,533
16,019
73,160
937,842
Incoming
resources
£
768,877
-
768,877		 Net
movement
At
in funds
31/3/23
£
£
(7,757)
741,932
-
10,000
-
104,993
(7,757)
856,925
(9,000)
-
-
44,608
-
3,533
-
16,019
(9,000)
64,160
(16,757)
921,085
Resources
Movement
expended
in funds
£
£
(776,634)
(7,757)
(9,000)
(9,000)
(785,634)
(16,757)

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Age UK Maidstone

Notes to the Financial Statements - continued for the year ended 31 March 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1/4/21
£
Unrestricted funds
General fund
586,204
Day Care Contingency
10,000
Mill Street Property
104,993
701,197
Restricted funds
Dementia Centre
9,000
Minibus Replacement
44,608
Development Fund
3,533
Veteran Fund
16,019
73,160
TOTAL FUNDS
774,357
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
831,845
Restricted funds
KCC PPE Grant
12,750
TOTAL FUNDS
844,595		 Net
movement
At
in funds
31/3/22
£
£
163,485
749,689
-
10,000
-
104,993
163,485
864,682
-
9,000
-
44,608
-
3,533
-
16,019
-
73,160
163,485
937,842
Resources
Movement
expended
in funds
£
£
(668,360)
163,485
(12,750)
-
(681,110)
163,485

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 18