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2023-03-31-accounts

Contents

Foreword 2
Legal and administrative information 3
Chairman’s Report 4
Trustees (Directors) Report 5-19
Object of the charity
Organisation of the charity
Summary of policies
Quality System
Membership
Reserves
Risk Management
Business Planning
Communication
Organisational Chart
Review of activities and achievements
Departmental service review
Further thanks and appreciation
Future plans
Treasurer’s report
Statement of Trustees’ Responsibilities

Review of transactions and financial position 20-31

1

Foreword

To comply with the duty in section 4 of the Charities Act 2011 to have regard to the public benefit provided by our charity, the Trustees have, in this report, detailed the activities we deliver in order to demonstrate the commitment to the object of our charity -

“To promote the relief of elderly people in any manner which now, or hereafter may be deemed by law, to be charitable in Stafford and surrounding areas”.

To deliver public benefit within our objectives we interpret “relief of elderly people” in its widest sense and take into account a holistic view of older people’s lives in an effort to offer services that offer care, prevention and support to enable them to live as full and enjoyable later life as possible.

The focus of our work is to provide:

To ensure our work delivers our aims we consider older people’s

● Health and well-being in light of their situation ● Ability to access services they need

Policies and procedures are in place to ensure that services are accessible to all older people within our area of benefit. For some services, charges are made to cover the cost of providing the service. Charges are considered annually by Trustees and a Charging Policy is in place to give guidance to staff when a service charge is unable to be met, so that people are not excluded from the assistance they may need, and the cost is met by the organisation.

2

Legal & Administrative Information

Charity Details as at 31[st] March 2023

Registered Office

Age UK Stafford & District Bradbury House Weston Road Stafford ST16 3RS

T: 01785 60 70 60 F: 01785 60 70 63 www.ageukstafford.org.uk

Legal Status:

Registered Charity No. 1064087 which was incorporated as a Company Limited by guarantee No.03345219 in 1997 in England and Wales Governing document: Memorandum and Articles of Association

For the purpose of the Companies Act, the Directors (none of whom receive any remuneration) are the Trustees and during the year were as follows:

Chairman Vice Chairman Treasurer

Trustees

Mr. Glyn Ravenscroft Mr. Neil Norman Mr. Glyn Ravenscroft – Acting Treasurer Mr Glyn Ravenscroft Mr. Richard Jarrett Mr. Alan Barnes Mrs. Jill Hood Mrs. Juliet Niven Mr. John Wheeler Mr. Trevor Mardling Mr. Neil Norman

BANKERS

SOLICITORS

SOLICITORS Independent Examiners Hutsby Mees Richards Associates Ltd 6/7 St Mary’s Grove (Chartered Accountants) Stafford (Statutory Auditor) North Lodge Hawkesyard Armitage Lane Rugeley Staffordshire WS15 1PS

Co-op Bank 42/43 Greengate Street Stafford Stafford ST16 2JA ST16 2AT

3

Chairman’s Report

The last year saw a significant change at Age UK Stafford & District with the retirement of our Chief Executive Alison Montgomery, who had held the position since December 2011. However, we were fortunate in having a qualified member of staff in Sandra Highland who held the post of Operations Manager to be promoted to Chief Executive.

Our biggest problem throughout the year has been the difficulty in recruiting staff in certain departments – particularly in Transport. However, as in previous difficult situations, there has been a terrific response from staff to ensure we were able to continue to provide a quality service to all our clients. This is evident by the client surveys we have conducted from time to time. The dedication of our staff makes one very proud to be associated with the organisation as a Trustee.

There are still areas where the impact of COVID is still being felt, but hopefully our financial situation will continue to be carefully monitored, allowing for the few variations from forecast there have been from time to time. However, overall our financial situation is sound and under control, again thanks to the diligence of our staff and the support of our auditor Anna Richards.

Our main challenge going forward will be the proposals from Age UK National regarding our future Brand Partnership Agreement, which will come into effect from 2024. Work is ongoing on how Brand Partners work together with Age UK National for the benefit of older people in our community.

Glyn Ravenscroft Chairman

4

Trustee’s and Strategic Report

Object of the Charity

To promote the relief of elderly people in any manner, which now or hereafter may be deemed to be charitable in the area of Stafford and surrounding areas.

To achieve this, we seek:

Management of the Charity

The charity is managed by a Board of Trustees who employs a Chief Executive to manage the day to day operation of the charity. All activities are grouped under the headings of Operations and Resources; each area being managed by a Senior Manager.

The decision making process of the organisation commences within a range of sub-groups with a membership of Trustees, staff and outside agencies where appropriate. Minutes of the subgroups are circulated to all Trustees. Decisions are ratified at Board meetings. The Board meets quarterly.

Sub- groups are as follows:

The activities of the sub groups are recorded later in the report.

A review of our objectives and public benefit takes place on an annual basis which helps us to ensure that our aims, objectives and activities remain focused on our stated purpose.

New staff and volunteers attend an induction course giving background information to the organisation and how we relate to others, it also includes health and safety and road safety awareness. Each area of work has an induction programme which workers undertake during the first few months of employment. Line management of staff is identified during the induction period. Training needs are identified during staff appraisals and from the business development programme. An annual Training Programme is funded from the revenue budget.

5

Trustee Recruitment

Recruitment process

Trustee applicants are provided with a recruitment pack including:

Informal discussion and a visit to the recruitment pack including: organisation Interview with Chairman and CEO Introduction Induction process to the organisation Background information involving visits to the departments and Organisational structure discussions with Staff and Trustees, Trustee profile followed by attendance at a Board Responsibilities of Board Members meeting. Responsibilities of Individual Trustees References The need, skills required, the process Application form and person Should this process be successful an specification invitation to attend subsequent Board Diversity monitoring form and sub group meetings is extended followed by nomination to the Annual General Meeting for election.

Summary of Policies

The organisation has 70 policies and procedures covering all areas of activity and are categorised under the following headings:

Employment ● Finance ● General Health & Safety Services ● Trustees ● Volunteering

There is ongoing review of policies and procedures, which is reported within Business Management & Performance sub group activity.

Quality

6

Membership

Age UK Stafford & District is a Brand Partner of Age UK

Member of the Age England Association

Reserves

There was a Reserves policy in place which is reviewed each year following the annual examination. In 2022-2023, it is the policy of Trustees to hold reserves at a sufficient level to

Risk Management

Risk management is a standard agenda item for the Business Management Development and Performance sub group with the Risk Register being updated and reported to the Board of Trustees at six monthly intervals.

Business Planning

As in previous years, strategic discussions took place with staff and Trustees and at a subsequent Board meeting a Business Plan for 2022-2023 was agreed, along with action plans, Training Programme, Marketing Plan and Budgets

Communication

Communication of business information and consultation is by -

● Staff team meetings ● Minutes of Board and sub group meetings ●Press releases to local media ● Leaflets/information packs ● Leaflets in a number of rural locations as well as many urban sites throughout Stafford Borough ● Service User satisfaction surveys

7

Organisational Chart

----- Start of picture text -----
BOARD OF TRUSTEES
----- End of picture text -----

----- Start of picture text -----
Business Management,
Strategy Finance
Performance &
Sub Group Sub Group
Development
Sub Group
CHIEF EXECUTIVE
Senior
Management
Team
OPERATIONS RESOURCES
Day Care Team Leader x 1
Senior Home Visitor x 1
Home Support Coordinators x 2
Front of House
Senior Driver
Staff and Volunteers
----- End of picture text -----

8

Review of activities and achievement

Strategy

The Strategy group discussed the following items and made recommendations in relation to –

Chairman’s comments:

The Strategy sub group fulfils the purpose of concentrating discussion points for the full Board and Sub Groups.

My thanks go to my fellow members and to the Senior Management team for their efforts and full support

Glyn Ravenscroft - Chair

9

Finance

The Finance Sub Group continued to meet regularly during the year and focused its attention on the following areas:

Chairman’s comments:

The sub group monitors the management and processes of the Charity and ensures that they are a true record of our work.

I wish to thank my fellow Trustees and staff for all their endeavours.

Glyn Ravenscroft – Chair/Acting Treasurer

10

Business Management & Performance

The Business Management & Performance sub group met quarterly during the period and considered:

Chairman’s comments :

The sub group monitors the management and processes of the Charity and ensures that they are a true record of our work.

I wish to thank my fellow Trustees and staff for all their endeavours.

Alan Barnes - Chair

11

Departmental Service Review

Age UK Stafford & District carries out a range of services that provide practical, personal, emotional and social support for older people in Stafford and the surrounding area.

Home Support

Service Users comments:

‘Always punctual- something I very much appreciate’ ‘Nice to see regular staff, also good company for me’ ‘Impeccable’ ‘All staff are polite & friendly- including the staff in the office’ ‘It has made a great difference to me, keeping me in touch with the outside world as I am housebound’

Gardening

Service Users comments:

‘Well received and very efficient, does a lot in an hour’ ‘Your staff are always polite be it face to face or on the telephone’ ‘Very happy. I am unable to do without them’ ‘Very the service has brought our garden back to life’ ‘Excellent value for money. I’d actually imagined it would be more’ ‘It’s worth every penny as I can’t do the garden’

12

Day Care

Service Users comments:

‘I know that mum is really cared for at the Day Centre. Mum always looks forward to going’

‘I find the day care service so helpful - it allows me time for essential appointments, knowing that I know that that mum is being well cared for’

‘I am happy with the service provided’

‘Everybody seems very helpful and caring’

‘Gives me a break from being a full timer carer to my mum’

‘It is my lifeline, to relax under no pressure and time to meet and enjoy a meal with friends’

‘It gives me and my sister ability to work, knowing mum is safe, fed and warm and not sitting alone at home

13

Information & Advice

We offer a free and impartial information and advice service to the very highest quality standards. We have trained staff that are available on the phone or face to face.

We can help with –

Staff & Volunteers

Volunteers:

We continue with our volunteer recruitment and a number of vacancies have been filled in the following areas:

Staff:

In 2022- 2023 we recruited 9 staff into existing posts in the services detailed below:

 Resources

The only way Age UK Stafford & District is able to deliver the services that it does is through the dedication and commitment of staff and volunteers. Not only do they deliver the services required but it is undertaken in a caring and enthusiastic way ensuring that our service users are truly happy with the service they receive.

14

Community Involvement

Age UK Stafford & District is committed to working with others, for example –

In 2022-2023 the organisation was represented on the following groups/committees

Further Thanks and Appreciation

In order for Age UK Stafford & District to provide its services we are dependent on many people and organisations to provide either funding, gifts, time, advice and support for which we are very grateful.

Below are mentioned just a few of the many who helped us during 2022-2023

Staffordshire County Council and in particular Social Care & Health Stafford Borough Council Co-op Bank Age UK national/regional and local Brand Partners Sainsbury’s – Stafford Keele University - Medical Chevron

Volunteers

Donations and legacies from individuals

15

Future Plans

This plan is based upon the following key principles:

To provide innovative and effective services which meet the diverse needs and aspirations of older people

To listen and respond to the needs of our service users

16

To ensure the sustainability of the organisation to benefit the lives of the older people it serves

To increase the visibility and recognition of the organisation to the public and its stakeholders

17

Treasurers Report

With the ongoing wider economic difficulties due to the aftermath of COVID, and the current global economic difficulties such as the ongoing war in Ukraine, it is not surprising that times are extremely hard for all industries, especially within the care sector.

The care sector has had to continue to adhere to coronavirus restrictions although they are slightly more relaxed than they were at the peak of the pandemic. This has had a positive impact on the organisation, although it has still had to face rising costs due to the current cost of living crisis and rise in energy costs. All of which are out the organisations control.

With these difficulties in mind, we were expecting a challenging year and although we reported a deficit for the year of £10,355, we are delighted that we have managed to achieve this in the current economic circumstances.

With support from Government grants subsidies, we have had to maximise our day care capacity where possible, but with staffing issues we have been unable to maximise our home support services potential. Overall, this has resulted in total income decreasing by £42,485.

With the reduction in income and rising expenditure due to the cost of living crisis and dramatic rise in energy costs it has been extremely difficult at times and we are pleased that the overall effect has been kept to a minimum. Our overall expenditure has only risen by £14,381 compared to the previous year.

We continue to review our capacity and services, trying to maximise where possible and filling any vacancies we have quickly and efficiently, to ensure we are not reliant on donations.

We continue to provide care and support at our day care Centre and we are always looking to increase our presence within the local community. All the services we offer are well supported and invaluable to our clients.

Our outlook for the future is positive and we are hopeful that the global and national economic challenges will ease. As always, we will endeavor to maintain quality services to all our clients whatever challenges we face in the future.

Glyn Ravenscroft Acting Treasurer

18

Trustees’ responsibilities in relation to the financial statements

The charity trustees (who are also the directors of the Age UK Stafford & District for the purposes of Company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each 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 charity for that period. In preparing the financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement as to disclosure to our Independent Examiners

In so far as the trustees are aware at the time of approving our trustees’ annual report:

The trustees and strategic report has been authorised on behalf of the Board of Trustees by

…………………………………………. …………………………………………………………….. Glyn Ravenscroft (Chair) Date

19

Age UK Stafford & District

Trustees’ Report and Financial Statements for the 12 months’ period ending 31 March 2023

Contents Page
Independent Examiners Report 21
Statement of Financial Activities 22
Balance Sheet 23
Cash Flow Statement 24
Notes to Financial Statements 25-31

Company Number (England and Wales) 03345219 Registered Charity Number 1064087

20

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF AGE UK STAFFORD & DISTRICT FOR THE YEAR ENDED 31 MARCH 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 22 to 31.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s report

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Anna Richards FCA, FCCA

Richards Associates Limited Statutory Auditor North Lodge Hawkesyard Armitage Lane Rugeley, Staffordshire WS15 1PS

Date: ............................................

21

Age UK Stafford & District

Statement of financial activities for the year ended 31st March 2023

General
Designated
Revaluation
Funds
Reserve
Notes
£
£
£
Income and Expenditure
Incoming and endowment funds
Donations and legacies
3
11,392
-
-
Grants
3
-
-
-
Sale of Assets
-
-
-
Other trading activities
4
138
-
-
Income from investments
5
150
-
-
Total income
11,680
-
-
Income from Charitable activities
Day Care
6
350,634
-
-
Home Support
6
241,044
-
-
Income from operating activities
591,678
-
-
Total income and endowments
603,358
-
-
Expenditure on raising funds funds
Costs generating voluntary income
7
4,179
-
-
Other activities for generating funds
7
2,082
-
-
-
Expenditure on charitable activities
-
Day Care
7
307,493
-
-
Home Support
7
264,343
-
-
Community Action
7
11,657
-
-
Governance
7
11,802
-
-
Building Depreciation
7
10,800
-
-
Total expenditure
612,356
-
-
Net income / (expenditure)
(8,998)
-
-
Transfer between Funds
Transfer from Designated & Restricted
16
8,998
(7,064)
-
Revaluation reserve
12
-
Net movement in funds
-
(7,064)
-
Reconciliation of Funds:
Fund balance 1 April 2022
-

943,376
103,000
Fund Balance 31 March 2023
-
936,312
103,000
Unrestricted Funds		 Restricted
Fund
£
862
-
-
-
-
862
-
-
-
862
-
-
1,274

945
-

-
-

2,219

(1,357)
(1,934)
-
(3,291)
4,969
1,678		 Total
Total
2023
2022
£
£
12,254

25,231
-

20,522
-

(345)
138

800
150

8
12,542

46,216
350,634
335,392
241,044
265,096
591,678
600,488
604,220
646,704
4,179

3,910
2,082

2,206
308,767
297,179
265,288
261,675
11,657
11,686
11,802
13,038
10,800
10,500
614,575
600,194
(10,355)
46,510
-
-
-
103,000
(10,355)
149,510
1,051,345
901,835
1,040,990
1,051,345

The statement of financial activities includes all gains and losses recognised during the year. All income and expenditure derive from continuing activities.

22

Age UK Stafford & District

Balance Sheet as at 31st March 2023

Company number: 03345219 Charity number: 1064087

Fixed assets
Tangible assets
12
Current assets
Debtors
13
Cash at bank & in hand
Creditors: amounts falling due
within one year
14
Net current assets
Total assets
Charity funds
Unrestricted funds
15
Restricted funds
15
Revaluation reserve
15		 2023
2022
£
£
748,514
766,808
68,497
59,610
260,909
243,577
329,406
303,187
36,930
18,650
292,476
284,537
1,040,990
1,051,345
936,312
943,376
1,678
4,969
103,000
103,000
1,040,990
1,051,345

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2016 relating to small companies.

The financial statements were approved and authorised for issue by the board on ………………………2023. and signed on its behalf by:-

……………………… Glyn Ravenscroft Chairman of Trustees

………………….. Neil Norman Vice Chairman

23

Age UK Stafford & District

Cash Flow Statement at 31 March 2023

Company number: 03345219

Notes
Cash flow from operating activities
Operating profit/(loss)
Reconciliation to cash generated
from operations:
Depreciation
(Profit)/Loss on Disposal
(increase)/decrease in debtors
increase/(decrease) in creditors
Cash flow from investing activities
Interest received
Purchase of tangible fixed assets
Loan movements in the year
Net increase in cash
Cash at bank at beginning of year
Cash at bank at end of year		 £
£
£
£
(10,506)
46,502
18,938
16,803
-
345
(8,887)
(6,232)
18,280
(22,682)
17,825
34,736
150
8
(644)
(14,573)
-
(14,727)
(494)
(29,292)
17,331
5,444
243,577
238,133
260,908
243,577
2023
2022

24

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

Statutory Information

Age UK Stafford & District limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on page 3.

Accounting Policies

Basis of Accounting

The charity constitutes a public entity as defined by Financial Reporting Standard 102 (FRS 102).

The financial statements have been prepared in accordance with accounting and reporting by charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (SORP FRS102) issued on 16 July 2014 and Companies Act 2006.

The financial statements are prepared on a going concern basis under the historical cost convention and consistently applied unless other wise stated.

Donations grants and other incoming resources

All donations grants and other incoming resources have been accounted for gross and receivable as long as they are capable of financial measurement. The value of services provided by volunteers has not been included.

Contract income

Contract income represents the amount derived from the provision of services.

Deferred income

The amount credited to deferred income is income received but not yet earned. The relevant sums are transferred to income when the service is rendered.

Depreciation

Depreciation is provided to write off the cost, less the estimated residual value, of all fixed assets, over their useful lives as follows:

lives as follows:
Buildings 2%
Motor Vehicles 20%
Furniture Fixtures and Fittings 12.5%
Office Equipment 20%
Plant and Equipment 33%
All depreciation rates are applied on straight-line basis

Freehold land is not depreciated as it is considered to have an indefinite useful life. Freehold buildings are depreciated over the expected useful economic life to the charity, over 50 years The land and buildings were revalued in 2022 to ensure that they reflect current market value. The revaluation gain is shown in the revaluation reserve.

Fund accounting

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without any specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the trustees for a particular purpose.

Restricted funds are to be used for the specific purpose as laid down by the donor.

Financial instruments

The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

25

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

Government grants

Government grants are recognised when there is a reasonable assurance that the entity will comply with the conditions attached to the grant and the grant will be received. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Expenditure

Expenditure is recognised on an accruals basis as the liability is incurred. The expenses are reported as follows: costs of generating funds - comprise the costs associated with attracting voluntary income.

charitable expenditure - comprise costs incurred by the charity in the delivery of each activity and service. It includes both direct costs and necessary indirect support costs.

governance costs - comprise costs associated with constitutional and statutory requirements of the charity.

All costs are allocated between expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs related to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor area.

Going concern

At the time of approving the financial statements the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existance for the foreseeable future.

The trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Pension

Employees are entitled to be auto-enrolled in the company's workplace pension scheme. Details are disclosed in notes to the financial statements.

Restricted
Grants
Other income
Designated
funds
£
£
£
£
3
Donations and legacies
Other donations
-
642
-
862
Grants and furlough income
-
-
-
-
Age UK funding
-
10,750
-
-
-
11,392
-
862
4
Other trading activities
Raffle Funds
-
138
-
-
-
138
-
-
5
Income from Investments
Bank deposit account interest received
-
150
-
-
-
150
-
-
6
Income from charitable activities
Day Care
Bradbury House
-
345,700
-
-
Training income
-
1,575
-
-
Transport income
-
3,359
-
-
-
350,634
-
-
Home Support
Home Support
-
221,831
-
-
Gardening private
-
19,213
-
-
-
241,044
-
-
------------------Unrestricted funds----------------		 2023
2022
Total
Total
£
£
1,504
14,481
-
20,522
10,750
10,750
12,254
45,753
138
800
138
800
150
8
150
8
345,700
331,339
1,575
300
3,359
3,752
350,634
335,391
221,831
240,533
19,213
24,563
241,044
265,096

26

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

7 Total resources Expended

Total resources Expended
Costs directly allocated to activities
Staff costs
Expenses
Active therapy materials
Catering
Gardening expenses
Protective clothing
Postage
Registration
Transport costs
Computer support costs
Training
Sundry		 Activities for
Voluntary
generating
Home
Community Governance
2023
2022
Income
funds
Day Care
Support
Action
and building
Total
Total
£
£
£
£
£
£
£
£
-
-
145,298
200,879
-
-
346,177
337,948
-
-
137
318
-
-
455
7,353
-
-
1,819
-
-
-
1,819
1,855
-
-
20,432
-
-
-
20,432
21,252
-
-
-
24,710
-
-
24,710
24,385
-
-
-
1,127
-
-
1,127
1,878
-
-
-
2,740
-
-
2,740
3,195
-
-
-
704
-
-
704
1,108
-
-
25,671
-
-
-
25,671
24,080
-
-
-
460
-
-
460
1,380
-
-
198
-
-
-
198
96
-
-
328
-
747
-
1,075
445
-
-
193,883
230,938
747
-
425,568
424,975

Support costs allocated to activities

Staff Costs
Time
Expenses
Usage
Training/ recruitment
Usage
Computer costs
Income
Premises costs
Floor area
General admin
Usage
Depreciation
Usage
Bad debts
Usage
Professional fees
Usage
Usage
Bank charges
Usage
Loan interest
Usage
Total resources expended
Independent examination		 2,445
1,631
40,756
20,378
5,298
11,004
81,512
90,981
-
-
4
1
1
1
7
-
-
-
-
-
-
-
-
301
119
79
2,015
1,344
395
-
3,952
4,378
1,615
161
44,137
5,221
2,691
-
53,825
34,995
-
211
5,096
3,185
1,327
797
10,616
9,671
-
-
6,917
814
407
10,800
18,938
16,803
-
-
1,346
1,245
-
-
2,591
2,330
-
-
11,920
1,402
701
-
14,023
12,335
-
-
1,530
180
90
-
1,800
1,800
-
-
1,163
580
-
-
1,743
1,419
-
-
-
-
-
-
-
206
4,179
2,082
114,884
34,350
10,910
22,602
189,007
175,219
4,179
2,082
308,767
265,288
11,657
22,602
614,575
600,194

27

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

8 Net incoming resources for the year 2023 2022
£ £
This is stated after charging:
Depreciation 18,938 16,833
Independent examination fee 1,800 1,800
Non-audit fees 5,941 6,635

9 Staff costs & numbers

Staff costs were as follows:-
Salaries and wages
Social Security costs
Employer Pension contributions
Total		 404,979
409,336
17,944
15,007
4,766
4,586
427,689
428,929

No employee received emoluments of greater than £60,000 The average number of employees during the year was as follows:

Chief Executive
Management
Day Care
Home Support
Community Action
Administration and Support
Total		 1
1
1
2
8
11
28
10
0
1
6
7
44
32

10 Trustee remuneration & related party transactions

No members of management received any remuneration during the year in their capacity as a trustee.

No trustees received expenses during the year.

No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity during the year.

11 Taxation

As a charity, Age UK Stafford & District is exempt from tax on income and gains falling within section 466 to 493 of the Corporation Tax Act 2010, or section 256 of the Taxation of Chargeable Gain Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

28

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

12 Tangible fixed assets

Cost or valuation
1 April 2022
Addition
Disposal
Revaluation
31 March 2023
Depreciation
1 April 2022
Charge
Disposal
Eliminated on revaluation
31 March 2023
Net Book Value
31 March 2023
31 March 2022
Cost or valuation
1 April 2022
Addition
Disposal
Revaluation
31 March 2023
Depreciation
1 April 2022
Charge
Disposal
Eliminated on revaluation
31 March 2023
Net Book Value
31 March 2023
31 March 2022		 Buildings
Freehold
Total Land &
Land
Buildings
£
£
£
540,000

200,000
740,000
-

-
-
-

-
-
-

-
-
540,000

200,000
740,000
-

-
-
10,800
-
10,800

-
-
-

-
-
-

10,800
-
10,800

529,200
200,000
729,200
540,000
200,000
740,000
Motor
Furniture &
Office
vehicles
Fittings
Equipment
Equipment
Total
£
£
£
£
£
56,340
99,865
85,356
50,843
1,032,404
-
-
-
644
644

-
-
-
-
-

-
-
-
-
-
56,340
99,865
85,356
51,487
1,033,048
39,646
91,081
84,646
50,223
265,596
5,480
2,040
335
283

18,938
-
-
-
-
-
-
-
-
-
-
45,126
93,121
84,981
50,506
284,534
11,214
6,744
375
981
748,514
16,694
8,784
710
620
766,808

The freehold land that Bradbury House occupies was purchased for £140,000 in November 2012. The original building cost was £778,339

The land and building at Bradbury House was revalued at £740,000 in June 2022 (£700,000 in October 2015). All property valuations were carried out by Chivers Commercial, 21 Eastgate Street, Stafford ST16 2LZ 29 in June 2022.

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

13 Debtors
Trade debtors
Prepayments
Other debtors
14 Creditors amounts falling due within one year
Trade creditors
Other Creditors & Social Security
Accruals and deferred income		 2023
2022
£
£
33,159
50,410
34,216
7,974
1,122
1,226
68,497
59,610
£
£
19,647
12,661
579
-
16,704
5,989
36,930
18,650

Grant income of £10,000 has been deferred to allocate against related expenses incurred after the year end.

15 Movement in funds

Balance at Incoming Resources Balance at
01/04/2022 Resources Expended Transfers 31/03/2023
Restricted Funds £ £ £ £ £
Restricted fund 4,969 862 (2,219) (1,934) 1,678
Unrestricted Funds
Designated Funds 943,376 - - (7,064) 936,312
General funds - 603,358 (612,356) 8,998 -
Revaluation reserve 103,000 - - - 103,000
Total 1,051,345 604,220 (614,575) - 1,040,990

The revaluation of the land and building is shown the revaluation reserve.

30

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2023

16 Future contracts and going concern

Annual contracts from Social Care and Health totalling circa £263,000 are secured on an annual basis. The continuity of these funds cannot be guaranteed as they are heavily reliant upon the policies of central and local government. However, there is a significant income from Home Support, which is a non grant funded project (£265,096 in 2022 compared to £241,043 in 2023)

17 Commitments

Operating lease commitments

Due in less than 1 year
Due in 1-2 years
Due in 2-5 years		 2023
2022
£
£
814
814
814
814
814
1,629
2,442
3,257

The above commitments relate to photocopier rentals.

18 Reserves policy

The trustees aim to retain sufficient reserves to cover 3 months operating expenditure and to retain a cash balance of £90,000 for potential restructuring costs in the event of a loss of a contract or significant change of operations.

19 Status

Age UK Stafford & District is a charitable company limited by guarantee, therefore having no share capital, incorporated in England and Wales. As at 31 March 2023 there were 9 trustees (2022: 9). Each trustee is obliged to contribute to the company a sum of £1 in the event of the company being wound up whilst he or she is a trustee, or within 1 year after they cease to be a trustee, for payments of debts and liabilities of the company contracted before he or she ceases to be a trustee and of the costs, charges and expenses of winding up, and for the adjustments of the rights of the contributors amongst themselves.

31

NOTES 32