| Page | ||
|---|---|---|
| About Age UK Lambeth | ||
| Trustees, Officers and Professional | Advisors | |
| Annual Report ofthe Trustees |
||
| Report ofthe Independent Auditors |
||
| Statement of Financial Activities | 16 | |
| Balance Sheet | 17 | |
| Statement of Cash Flows | 18 | |
| Notes to the Financial Statements | 19 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 f |
2022 E |
2022 f |
2021f | |||
| Income from: | |||||||
| Donations | 3 | 115,956 | 115,956 | 142,012 | |||
| Charitable activities |
4 | 3,404,220 | 156,202 | 3,560,422 | 2,496,879 | ||
| Other trading activities |
6 | 22,622 | 22,622 | 16,776 | |||
| Investment income |
5 | 105 | 105 | 333 | |||
| Total income | 3,542,903 | 156,202 | 3,699,105 | 2,656,000 | |||
| Expenditure on: |
|||||||
| Raising funds | 3,233 | 3,233 | 9,028 | ||||
| Charitable activities |
3,333,838 | 166,912 | 3,500,750 | 2,683,804 | |||
| Total expenditure | 7 | 3,337,071 | 166,912 | 3,503,983 | 2,692,832 | ||
| Net income / (expenditure) |
for the year | 8 | 205,832 | (10,710) | 195,122 | (36,832) | |
| Transfers between |
funds | ||||||
| 205,832 | (10,710) | 195,122 | (36,832) | ||||
| Other recognised gains |
23 | ||||||
| Net movement in funds |
205,832 | (10,710) | 195,122 | (36,832) | |||
| Reconciliation offunds: |
|||||||
| Total funds brought | forward | 481,699 | 102,140 | 583,839 | 620,671 | ||
| Total funds carried forward | 17 | 687531 | 91430 | 778961 | 583839 |
| Note | 2022f | 2022f | 2021f | 2021 | |||
|---|---|---|---|---|---|---|---|
| Fixed assets: | |||||||
| Tangible assets | 12 | ||||||
| Investments | 13 | 50 | 50 | ||||
| 50 | 50 | ||||||
| Current assets: | |||||||
| Debtors | 14 | 718,915 | 301,152 | ||||
| Cash at bank and | in | hand | 418,934 | 491,406 | |||
| 1,137,849 | 792,558 | ||||||
| Liabilities: | |||||||
| Creditors: amounts | falling due within one year | 15 | (357,483) | (202,353) | |||
| Net current assets | 780,366 | 590,205 | |||||
| Provision for liabilities |
23 | (1,455) | (6,416) | ||||
| Total net assets | 7711961 | 583939 | |||||
| Funds | 17 | ||||||
| Restricted funds |
91,430 | 102,140 | |||||
| Llnrestricted funds: |
|||||||
| Designated funds |
20,000 | ||||||
| General funds |
667,531 | 481,699 | |||||
| Total unrestricted | funds | 687,531 | 481,699 | ||||
| Totalfunds | 778961 | 583 1139 |
| Note | 2022 | 2022 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| f | f | f | f | ||||||
| Net cash | provided by / (used in) operating |
activities | |||||||
| 18 | (72,577) | (89,780) | |||||||
| Cash flows from investing | activities: | ||||||||
| Interest/ | rent/ dividends from investments |
105 | |||||||
| Cash provided by / (used |
in) investing | activities | 105 | 333 | |||||
| Change | in cash and cash | equivalents | in the year | (72,472) | (89,447) | ||||
| Cash and | cash equivalents | at the beginning | of the year | 491,406 | 580,853 | ||||
| Cash and cash equivalents | at the end | ofthe year | 19 | 419 934 | 491499 |
| Detailed comparati | ves for |
the statement offinan |
cial activities | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 | 2021 | 2021 | |||
| f | f | f | |||
| Income from: | |||||
| Donations | 139,512 | 2,500 | 142,012 | ||
| Charitable activities |
2,422,796 | 74,083 | 2,496,879 | ||
| Other trading activities |
16,776 | 16,776 | |||
| Investment income |
333 | 333 | |||
| Total income | 2,579,417 | 76,583 | 2,656,000 | ||
| Expenditure on: |
|||||
| Raising funds | 9,028 | 9,028 | |||
| Charitable activities |
2,622,911 | 60,893 | 2,683,804 | ||
| Total expenditure | 2,631,939 | 60,893 | 2,692,832 | ||
| Net income / (expenditure) |
for the year | (52,522) | 15,690 | (36,832) | |
| Transfers between |
funds | ||||
| (52,522) | 15,690 | (36,832) | |||
| Other recognised gains |
|||||
| Net movement in funds |
(52,522) | 15,690 | (36,832) | ||
| Reconciliation offunds: |
|||||
| Total funds brought |
fonvard | 534,221 | 86,450 | 620,671 | |
| Total funds carried forward | 481,699 | 02,140 | 583,839 |
| Unrestricted | Restricted | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022f | 2022f | 2022f | 2021 f |
||||||||
| Age LIK | 17,766 | 17,766 | |||||||||
| HMRC Coronavirus | Job Retention | Scheme | 7,868 | 7,868 | 16,531 | ||||||
| Judith Bing Legacy |
8,756 | 8,756 | |||||||||
| LB Lambeth | Business Rates | Grant | 10,000 | ||||||||
| LB Lambeth | Covid response | funding | 66,542 | ||||||||
| The Department | for | Work | and Pensions | 72,259 | 72,259 | 5,131 | |||||
| Walcot Foundation | 25,000 | ||||||||||
| Other donations | and grants | 9,307 | 9,307 | 18,808 | |||||||
| 115,956 | 11,9 6 | 142,012 | |||||||||
| 4 | Income from | charitable | activities | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| 2022 | 2022 | 2022 | 2021 | ||||||||
| f | f | f | f | ||||||||
| ILCP Services | 1,555,195 | 1,555,195 | 1,573,322 | ||||||||
| Other community | services | 1,849,025 | 156,202 | 2,005,227 | 923,557 | ||||||
| 3404 220 | 156202 | 3560422 | 2496879 | ||||||||
| 5 | Income from | investments | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| 2022 f |
2022 f |
2022f | 2021f | ||||||||
| Bank interest | 105 | 105 | 333 | ||||||||
| 105 | 105 | 333 | |||||||||
| 6 | Income from | other | trading | activities | |||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| 2022 f |
2022 f |
2022f | 2021f | ||||||||
| Other income | 22,622 | 22,622 | 16,776 | ||||||||
| 22,622 | 22,622 | 16, 76 |
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| Net income / (expenditure) |
for the year | ||
|---|---|---|---|
| This is stated after charging | / (crediting): | 2022 f |
2021f |
| Depreciation | |||
| Auditor's remuneration: |
|||
| Audit fees | 4 500 | 4 500 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Salaries and | wages | 1,771,119 | 1,191,790 | |||
| Social security costs | 137,670 | 101,815 | ||||
| Employer's | contribution | to defined | contribution | pension schemes | 69,621 | 61,018 |
| 1978410 | 1354 623 |
| 12 | Tangible fixed assets | |||||
|---|---|---|---|---|---|---|
| Fixtures, | ||||||
| Motor | Fittings | and | ||||
| Vehicles f |
Equipment f |
Total f |
||||
| Cost | ||||||
| At the start of the year | 5,400 | 40,329 | 45,729 | |||
| Additions in year |
||||||
| Disposals in year |
||||||
| At the end of the year | 5,400 | 40,329 | 45,729 | |||
| Depreciation | ||||||
| At the start of the year | 5,400 | 40,329 | 45,729 | |||
| Charge for the year | ||||||
| At the end of the year | 5,400 | 40,329 | 45,729 | |||
| Net book value | ||||||
| At the end ofthe year | ||||||
| At the start of the year | ||||||
| All of the above assets are used for charitable | purposes. | |||||
| 13 | Fixed asset investments | |||||
| 2022 f |
2021f | |||||
| Other | 50 | 50 | ||||
| 50 | 5 | |||||
| 14 | Debtors | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| Trade debtors | 554,098 | 214,298 | ||||
| Prepayments and accrued income |
164,817 | 86,854 | ||||
| 1 | 3 11 |
| 15 | Creditor | s: amounts falling |
due | within one year | ||||||
| 2022 | 2021 | |||||||||
| f | f | |||||||||
| Trade creditors | 78,352 | 29,90S | ||||||||
| Taxation | and social security | 39,306 | 27,508 | |||||||
| Deferred | income | 154,169 | 119,688 | |||||||
| Other creditors | 21,447 | 11,175 | ||||||||
| Accruals | 64,209 35,483 |
14,074 202,353 |
||||||||
| Deferred | income | 2022f | 2021f | |||||||
| Balance | at the beginning of |
the year | 119,6SB | |||||||
| Amount | released | to income | in | the year | (119,688) | |||||
| Amount | deferred | in the year | 154,169 | 119,6SB | ||||||
| Balance | at the end of the year | 154,169 | 119,688 | |||||||
| 16 | Analysis | of net assets between | funds | |||||||
| General | Total | |||||||||
| unrestricted f |
Restricted f |
fundsf | ||||||||
| Investments | 50 | 50 | ||||||||
| Net current assets | 688,936 | 91,430 | 780,366 | |||||||
| Defined | benefit pension asset | / (liability) | (1,455) | (1,455) | ||||||
| Net assets at the | end ofthe | year | 687531 | 91430 | 778 961 | |||||
| Analysis | of net assets between | funds for the previous | year | |||||||
| General | Total | |||||||||
| unrestricted f |
Restricted f |
fundsf | ||||||||
| investments | 50 | 50 | ||||||||
| Net current assets | 488,065 | 102,140 | 590,205 | |||||||
| Defined | benefit pension asset | / (liability) | (6,416) | (6,416) | ||||||
| Net assets at the | end ofthe | year | 481 699 | 102140 | 583839 |
| Movements in funds for |
the c | urren | t year | ||||
|---|---|---|---|---|---|---|---|
| At the start | Income | Expenses | At the end | ||||
| ofthe year f |
and gains f |
and losses f |
Transfers f |
ofthe year f |
|||
| Restricted funds: | |||||||
| Liangattock Trust |
84,950 | 84,950 | |||||
| MYsocial | 14,190 | 47,475 | (56,685) | 4,980 | |||
| Card Factory (Vidas) | 1,500 | 1,500 | |||||
| W G Edwards | 1,500 | (1,500) | |||||
| Sir Jules Thorn Charitable | Trust | 1,000 | (1,000) | ||||
| Catherine Lewis Foundation |
250 | (250) | |||||
| Better Community Business |
995 | (995) | |||||
| The Schreirer Foundation | 2,000 | (2,000) | |||||
| Hope for Home | 11,913 | (11,913) | |||||
| Home Instead Charities |
800 | (800) | |||||
| Energy Saving Trust | 89,269 | (89,269) | |||||
| Emanuel Hospital Foundation |
(via | 2,500 | (2,500) | ||||
| Age UK National) | |||||||
| Total restricted funds |
102140 | 156202 | 166912 | 91430 | |||
| Unrestricted funds: |
|||||||
| Designated funds |
20,000 | 20,000 | |||||
| General funds | 481,699 | 3,542,903 | (3,337,071) | (20,000) | 667,531 | ||
| Total unrestricted funds |
481699 | 3542 903 | 3337071 | 687 531 | |||
| Total funds | 583,839 | 3,699,105 | 3,503,983 | 7 8,961 |
| 17 | Movements in fund |
s | for th | e p | revi | ous | year | year | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At | the start | Income | Expenses | At the end | ||||||||||||
| of | the year 6 |
and gains 6 |
and losses f |
Transfers | f | ofthe year f |
||||||||||
| Restricted funds: | ||||||||||||||||
| Safe and independent | Living (SAIL) | 12,768 | (12,768) | |||||||||||||
| Liangatlock Trust |
84,950 | 84,950 | ||||||||||||||
| MYsocia) | 62,315 | (48,125) | 14,190 | |||||||||||||
| Vida's | 1,500 | 1,500 | ||||||||||||||
| W G Edwards | 1,500 | 1,500 | ||||||||||||||
| Total restricted funds |
86,450 | 76,583 | 60,893 | 102,140 | ||||||||||||
| Unrestricted funds: |
||||||||||||||||
| General funds | 534,221 | 2,579,417 | (2,631,939) | 481,699 | ||||||||||||
| Total unrestricted funds |
3,221 | 2, | 9, 1 | 2,631,9 9 | 481,699 | |||||||||||
| Pension fund |
||||||||||||||||
| Total funds | 620,671 | 2,656,000 | 83,839 | |||||||||||||
| 18 | Reconciliation of net |
income | / (expenditure) | to | net | cash | flow | from operating | activities | |||||||
| 2022 | 2021 | |||||||||||||||
| 6 | 6 | |||||||||||||||
| Net income / (expenditure) |
for the | reporting | period | 195,122 | (36,832) | |||||||||||
| (as per the statement | offinancial | activities) | ||||||||||||||
| Depreciation | ||||||||||||||||
| Loss on disposal of |
lixed assets | |||||||||||||||
| interest, rent and dividends |
from investments | (105) | (333) | |||||||||||||
| (Increase)/ decrease | in | debtors | (417,763) | (184,884) | ||||||||||||
| Increase/ (decrease) |
in | creditors | 150,169 | 132,269 | ||||||||||||
| Net cash provided | by | / (used | in) operating | activities | 72,57 | ) | 89, 80 | |||||||||
| 19 | Analysis ofcash and | cash | equivalents |
| At the start | Other | At the end | ||||
|---|---|---|---|---|---|---|
| ofthe year f |
Cash flows 6 |
changes 6 |
ofthe year | |||
| Cash | at bank and | in hand | 491,406 | (72,472) | 418,934 | |
| Total | cash and cash equivalents | 4 8,934 |
| Present value ofprovision | Present value ofprovision | Present value ofprovision | Present value ofprovision | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-22f | 31-Mar-21 f |
31-Mar-20 f |
|||||||
| Present value of | provision | 1,455 | 6,416 | 7,602 | |||||
| Reconciliation | ofopening | and closing | provisions | ||||||
| 31-Mar-22f | 31-Mar-21 F. |
||||||||
| Provision at start |
of period | 6,416 | 7,602 | ||||||
| Unwinding of the |
discount | factor (interest | expense) | 37 | 171 | ||||
| Deficit contribution paid |
(1,624) | (1,576) | |||||||
| Remeasurements | - impact | of any | change | in assumptions | (33) | 219 | |||
| Remeasurements | - amendments | to the contribution | schedule | (3,341) | |||||
| Provision at end |
of period | 1,455 | 6, 16 | ||||||
| Income and expenditure | impact | ||||||||
| 31-Mar-22 | 31-Mar-21 | ||||||||
| f | 6 | ||||||||
| Interest expense | 37 | 171 | |||||||
| Remeasurements | —impact | of any | change | in assumptions | (33) | 219 | |||
| Remeasurements | - amendments | to the contribution | schedule | (3,341) | 0 | ||||
| Assumptions | 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | ||||||
| 'k per anum | '/o per anum | 'k per anum | |||||||
| Rate of discount | 2.35 | 0.66 | 2.53 |
| Pens | ion plan |
(continu | ed) | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The | following | schedule | details the deficit | contributions | agreed | between | the company | and the | scheme at | |
| each | year end | period: | ||||||||
| Year | ending | 31-Mar-22f | 31-Mar-21 f |
31-Mar-20 f |
||||||
| Year | 1 | 530 | 1,624 | 1,576 | ||||||
| Year | 2 | 530 | 1,672 | 1,624 | ||||||
| Year | 3 | 442 | 1,723 | 1,672 | ||||||
| Year | 4 | 1,479 | 1,723 | |||||||
| Year | 5 | 1,479 |