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|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|
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|||||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|
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||||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|
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||||||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|
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|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|
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|||||||||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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##
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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|
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|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|
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|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|
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|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|
##
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|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|
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|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|
##
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##
|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|