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2024-03-31-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 2022 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 2024

Registered Office

Registered Office Legal Status: Age UK Stafford & District Registered Charity No. 1064087 which Bradbury House was incorporated as a Company Limited Weston Road by guarantee No.03345219 in 1997 in Stafford ST16 3RS England and Wales T: 01785 60 70 60 Governing document: Memorandum and F: 01785 60 70 63 Articles of Association

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

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

Company Secretary & Chief Executive Mrs Sandra Highland

BANKERS SOLICITORS Independent Examiners Co-op Bank Hutsby Mees Richards Associates Ltd 42/43 Greengate Street 6/7 St Mary’s Grove (Chartered Accountants) Stafford Stafford (Statutory Auditor) ST16 2JA ST16 2AT North Lodge Hawkesyard Armitage Lane Rugeley Staffordshire WS15 1PS

3

Chairman’s Report

Once again, there have been many challenges during 2023/2024. However, we are no different from the vast majority of other Charities who have had to deal with the Cost of Living crisis and recruitment issues that still appear to be the aftermath of COVID.

As I commented on last year, the response from all our staff and Volunteers, led by our Chief Executive Sandra and Operations Manager Alex has been exceptional. Our Staff in Day Care, Home Support, Transport and all other areas have ensured that there has been no reduction in the dedication shown in ensuring that the best quality service is provided for our clients. On behalf of the Board may I extend our sincere appreciation to every member of staff.

At the end of my report last year, the new Brand Partnership agreement with Age UK was scheduled to be introduced early 2024. However, following consultation with Brand Partners, there is still work to be done on the agreement. Therefore, the current agreement has been extended until the autumn of 2024.

Following extensions to our Day Care contract with Staffordshire County Council, we anticipate that the contract will go out to tender during the 2024/2025 financial year. Hopefully we will be able to meet all the requirements set out and a new contract issued for us to continue to provide the service for the people of Stafford and surrounding areas.

Finally, I would like to express my appreciation of the work and support my fellow Trustees throughout the year. Unfortunately, two of our Trustees sadly passed away during the latter part of the year and we will miss the contributions of long serving Trustee Alan Barnes and fellow Trustee Trevor Mardling.

I am sure that during 2024/2025 the Trustees will continue to offer maximum support to our Senior Management Team and all the staff to ensure the continuation of a quality service to all our clients.

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 organisation Interview with Chairman and CEO Induction process to the organisation involving visits to the departments and discussions with Staff and Trustees, followed by attendance at a Board meeting. References

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 2023-2024, 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 2023-2024 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 x2
Senior Driver
Staff and Volunteers
----- End of picture text -----

8

Review of activities and achievement

▪ Age UK Organisational Quality Standard

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, in which has been a challenging year.

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/ Glyn Ravenscroft – Acting 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 very helpful – thank you all’

‘Very happy with the service. I have recommended to several friends’

‘Helps me to remain independent and safe’

‘All staff are polite & friendly- including the staff in the office’

‘It has made a big difference to me as I cannot do it myself and I like my home to look nice’

Gardening

Service Users comments:

‘Always on time – traffic allowing

‘R is a proper gentleman. Polite and friendly.

‘Very happy. I am unable to do without them

‘Very pleased to see my garden looking tidy now I cannot do it myself’ ‘I am pleased with all that you do, value for a pensioners purse’

12

Day Care

Service Users comments:

‘ Mum absolutely loves coming to Bradbury House. She enjoys all the activities and says she has a great time’

‘Every member of staff I have met from Bradbury House have been polite, kind, welcoming and helpful’

‘The Drivers and Escorts are always really friendly, polite and helpful’

‘It’s amazing Mum loves it. She remembers where she is going and the kindness she is shown’

‘My husband must enjoy time at Bradbury House as he comes home “happy”

‘Thank you for your support’

‘Mum only has compliments for all the staff’

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 2023- 2024 we recruited 16 staff into existing posts in the services detailed below:

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 2023-2024 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 2023-2024

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

Taking into account our progress during the previous year and considering our strengths and weaknesses the Trustees have developed a Business Plan for the year 2024/2025

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

This last year has seen an improvement in our financial position. More people are accessing our Day Care and Home Support services, which have helped us in this situation.

I hope that we will continue to recover from the problems of recent years, which enable us to have a financial situation that will be more consistent in providing opportunities for development in the services we provide.

Although the problems of balancing has not been a simple process in recent times, we have been fortunate in the dedication of our Finance Officer Jenny. She has ensured that we have been kept up to date with our financial situation and any action required. We are also grateful once again for the support and advice received over the last twelve months by our Auditor, Anna Richards

The maintenance of the building and equipment plus vehicles is always a big commitment in our expenditure, but we have endeavored that all staff have received the remuneration appropriate for all their hard work and endeavor.

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.

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 2024

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 2024

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 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 2024

General
Designated
Funds
Notes
£
£
Income and Expenditure
Incoming and endowment funds
Donations and legacies
3
13,639
-
Grants
3
32,500
-
Sale of Assets
-
-
Other trading activities
4
-
-
Income from investments
5
850
-
Total income
46,989
-
Income from Charitable activities
Day Care
6
441,912
-
Home Support
6
262,449
-
Income from operating activities
704,361
-
Total income and endowments
751,350
-
Expenditure on raising funds funds
Costs generating voluntary income
7
4,632
-
Other activities for generating funds
7
2,165
-
Expenditure on charitable activities
Day Care
7
358,588
-
Home Support
7
278,191
-
Community Action
7
12,727
-
Governance
7
11,724
-
Building Depreciation
7
10,800
-
Total expenditure
678,828
-
Net income / (expenditure)
72,522
-
Transfer between Funds
Transfer from Designated & Restricted
15
(72,522)
72,522
Revaluation reserve
12
-
Net movement in funds
-
72,522
Reconciliation of Funds:
Fund balance 1 April 2023
15
-
936,312
Fund Balance 31 March 2024
-
1,008,834
Unrestricted Funds		 Unrestricted Funds Unrestricted Funds Revaluation
Reserve
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
103,000
103,000		 Restricted
Fund
£
1,288
-
-
-
-
1,288
-
-
-
1,288
-
-
-
-
-
-
-
-
1,288
-
-
1,288
1,678
2,966		 Total
2024
£
14,927
32,500
-
-
850
48,277
441,912
262,449
704,361
752,638
4,632
2,165
358,588
278,191
12,727
11,724
10,800
678,828
73,810
-
-
73,810
1,040,990
1,114,800		 Total
2023
£
12,254
-
-
138
150
Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
72,522
72,522
936,312
1,008,834
12,542
350,634
241,044
591,678
604,220
4,179
2,082
308,767
265,288
11,657
11,802
10,800
614,575
(10,355)
-
-
(10,355)
1,051,345
1,040,990

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 2024

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
Creditors: amounts falling due
after more than one year
Total assets less long term liabilities
Charity funds
Unrestricted funds
15
Restricted funds
15
Revaluation reserve
15		 2024
2023
£
£
732,954
748,514
90,242
68,497
339,385
260,909
429,627
329,406
47,781
36,930
381,846
292,476
-
-
1,114,800
1,040,990
1,008,834
936,312
2,966
1,678
103,000
103,000
1,114,800
1,040,990

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The financial statements were approved and authorised for issue by the board on ………………………2024. and signed on its behalf by:-

23

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

………………….. Glyn Ravenscroft Treasurer

Age UK Stafford & District

Cash Flow Statement at 31 March 2024

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
Sale of tangible fixed assets
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		 £
£
£
£
72,960
(10,505)
16,937
18,938
-
-
(21,745)
(8,887)
10,851
18,280
79,003
17,826
850
150
-
-
(1,377)
(644)
-
-
(527)
(494)
78,476
17,332
260,909
243,577
339,385
260,909
2024
2023		 £
£
£
£
72,960
(10,505)
16,937
18,938
-
-
(21,745)
(8,887)
10,851
18,280
79,003
17,826
850
150
-
-
(1,377)
(644)
-
-
(527)
(494)
78,476
17,332
260,909
243,577
339,385
260,909
2024
2023
17,332
243,577
260,909

24

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2024

1 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.

2 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 2024

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
-
2,889
-
1,288
Grants and furlough income
-
32,500
-
-
Age UK funding
-
10,750
-
-
-
46,139
-
1,288
4
Other trading activities
Raffle Funds
-
-
-
-
-
-
-
-
5
Income from Investments
Bank deposit account interest received
-
850
-
-
-
850
-
-
6
Income from charitable activities
Day Care
Bradbury House
-
433,800
-
-
Training income
-
4,875
-
-
Transport income
-
3,237
-
-
-
441,912
-
-
Home Support
Home Support
-
237,643
-
-
Gardening private
-
24,806
-
-
-
262,449
-
-
-------------------Unrestricted funds-----------------		 2024
2023
Total
Total
£
£
4,177
1,504
32,500
-
10,750
10,750
47,427
12,254
-
138
-
138
850
150
850
150
433,800
345,700
4,875
1,575
3,237
3,359
441,912
350,634
237,643
221,831
24,806
19,213
262,449
241,044

26

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2024

7 Total resources Expended
Costs directly allocated to activities
Staff costs
Expenses
Active therapy materials
Catering
Gardening staff costs
Gardening expenses
Protective clothing
Postage
Registration
Transport costs
Computer support costs
Training
Sundry
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		 Activities for
Voluntary
generating
Home
Community
Governance
Income
funds
Day Care
Support
Action
and building
£
£
£
£
£
£
-
-
177,267
210,343

-
-
-
-
264
1,198

-
-
-
-
1,895
-

-
-
-

-
26,804
-
-
-
21,064
-

-
-
3,031
-
-
-

-
106
1,337
-
-
-

-
-
2,444
-
-
-

-
-
831
-
-
-

-
24,932
-
-
-
-

-
-
920
-
-
-
-
-
-
-
-
-
-
1,162
-
775
-
-
-
232,430
241,167
775
-
2,408
1,605
40,134
20,067
5,217
10,836
-
-
-
-
-
-
-
-
73
103
117
-
178
119
3,027
2,018
594
-
2,046
205
55,927
6,616
3,410
-
-
236
5,677
3,548
1,478
888
-
-
5,216
614
307
10,800
-
-
959
1,872
-
-
-
-
12,556
1,477
739
-
-
-
1,530
180
90
-

-
-
1,059
529
-
-

-
-
-
-
-
-
4,632
2,165
126,158
37,024
11,952
22,524
4,632
2,165
358,588
278,191

12,727
22,524		 2024
Total
£
387,610
1,462
1,895
26,804
21,064
3,031
1,443
2,444
831
24,932
920
-
1,937
474,373
80,267
-
293
5,936
68,204
11,827
16,937
2,831
14,772
1,800
1,588
-
204,455
678,828		 2023
Total
£
346,177
455
1,819
20,432
22,411
2,299
1,127
2,740
704
25,671
460
198
1,075
425,568
81,512
7
-
3,952
53,825
10,616
18,938
2,591
14,023
1,800
1,743
-
189,007
614,575

27

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2024

8 Net incoming resources for the year 2024 2023
£ £
This is stated after charging:
Depreciation 16,937 18,938
Independent examination fee 1,800 1,800
Non-audit fees 6,012 5,941
9
Staff costs & numbers
Staff costs were as follows:-
Salaries and wages
Social Security costs
Employer Pension contributions
Total		 469,080
404,979
15,011
17,944
4,851
4,766
488,942
427,689

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
Administration and Support
Total		 1
1
1
1
8
8
28
28
5
6
43
44

10 Trustee remuneration & related party transactions

No members of management received any remuneration during the year in their capacity as a trustee. Travel expenses are reimbursed at cost and are insignificant, being less than £100 in total. No trustees received expenses.

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 2024

12 Tangible fixed assets

Cost or valuation
1 April 2023
Addition
Disposal
Revaluation
31 March 2024
Depreciation
1 April 2023
Charge
Disposal
Eliminated on revaluation
31 March 2024
Net Book Value
31 March 2024
31 March 2023		 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
-
-
-
-
-
-
21,600
-
21,600
518,400
200,000
718,400
529,200
200,000
729,200
Cost or valuation
1 April 2023
Addition
Disposal
Revaluation
31 March 2024
Depreciation
1 April 2023
Charge
Disposal
Eliminated on revaluation
31 March 2024
Net Book Value
31 March 2024
31 March 2023		 Motor
Furniture &
Office
vehicles
Fittings
Equipment
Equipment
Total
£
£
£
£
£
56,340
99,865
85,356
51,487
1,033,048
-
559
-
818
1,377
(9,040)
-
-
-
(9,040)
-
-
-
-
-
47,300
100,424
85,356
52,305
1,025,385
45,126
93,121
84,981
50,506
284,534
3,984
1,473
168
512
16,937
(9,040)
-
-
-
(9,040)
-
-
-
-
-
40,070
94,594
85,149
51,018
292,431
7,230
5,830
207
1,287
732,954
11,214
6,744
375
981
748,514

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 in June 2022.

29

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2024

2024 2023
**13 ** Debtors £ £
Trade debtors 43,522
 33,159
Prepayments 45,383
 34,216
Other debtors 1,337
 1,122
90,242
 68,497
**14 ** Creditors amounts falling due within one year £ £
Trade creditors 17,042
 19,647
Other Creditors & Social Security 74
 579
Accruals 30,665
 16,704
47,781
 36,929
**15 ** Movement in funds
Balance at Incoming Resources Gains/ Balance at
01/04/2023 Resources Expended Transfers (losses) 31/03/2024
Restricted Funds £ £ £ £ £
Restricted fund 1,678 1,288 - - -
 2,966
Unrestricted Funds
Designated Funds 936,312 - - 72,522 -
 1,008,834
General funds - 751,350 (678,828) (72,522) - -
Revaluation reserve 103,000 - - - - 103,000
Total 1,040,990 752,638 (678,828) - - 1,114,800

The revaluation of the land and building is shown in a separate revaluation reserve.

30

Age UK Stafford & District

Notes to financial statements for the year ended 31st March 2024

16 Future contracts and going concern

Contracts from Social Care and Health totalling circa £333,000 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 (£241,044 in 2023 compared to £262,449 in 2024)

17 Commitments

Operating lease commitments
Due in less than 1 year
Due in 1-2 years
Due in 2-5 years		 2024
2023
£
£
814
814
814
814
814
1,628
2,442

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 2024 there were 6 trustees (2023: 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