AGE CONCERN WANDSWORTH (CHARITY NUMBER: 1069406) (COMPANY NUMBER: 3531311) REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 MYRUS SMITH Chartered Accountants Norman House, 8 Burnell Road, Sutton, Surrey. SM14BW
AGE CONCERN WANDSWORTH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Pages: Report of the Board of Trustees Reference and administrative information Structure, govemance and management Objectives and activities Achievement and performance Financial review Independent auditor's report 9-11 Statement of financial activities 12 Balance sheet 13 statement of cash flows 14 Notes to the financial statements 15-24
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Age Concem Wandsworth is a Registered Charity and a Company limited by Guarantee governed by its Memorandum and Articles of Association. The charity is known as Age UK Wandsworth. Trustees The trustees, who are also the Directors of the company, who have held office during the year are as follows: Lara Sonola Jenny Alexander Co-chair Co-chair (and appointed Interim Treasurer November 2023) Phillip Francis Richard Smuts Peter Lloyd Kim Marshall (resigned November 2023) (stood down as Treasurer November 2023) Karrie Liu Anisha Mistry Tracy Cherrington Gill Dunsford (appointed September 2023) (appointed September 2023 and resigned February 2024) (appointed March 2024) Janet Turner President The Mayor of Vvandsworth CEO and Company Secretary Natalie de Silva Charlty number 1069406 Company Number 3531311 Registered Office 549 Old York Road London SW18 1TQ Audltors Myrus Smith Norman House 8 Burnell Road Sutton Surrey SM14BW Bankers CAF BANK LTD HSBC Charity Bank
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... The trustees present their report together with the audited financial statements for the year ended 31 March 2024. The financial ststements comply with current statutory requirements, the memorandum and articles of association and Accounting and Reporting by Charities.. Statement of Recommended Practice {'SORP') applicable to charities preparing their accounts in accordance with the Financial Reporting Statement applicable in the UK and Republic of Ireland (FRS 102). STRUCTURE GOVERNANCE AND MANAGEMENT Age Concern Wandsworth is an independent charity, responsible for its own policy. direction and funding. Operationally, the charity is now known as Age UK Wandsworth, after signing a Brand Partnership Agreement with the national charity Age UK, however, the legal name remains Age Concem Wandsworth. Throughout the rest of this report. the trading name of Age UK Wandsworth is used. Age UK Wandsworth is also a member of the Age England Association, the successor to the Age Concem Federation. Age UK Wandsworth is governed by a Board of Trustees. The Trustees are also Directors of the Company. Trustees are elected by members at the Annual General Meeting but the Board can also co-opt Trustees in accordance with the Articles of Association. The Board of Trustees meets at least six times a year and is responsible for ensuring that the financial. legal and contractual requirements of the charity are met. It decides on the strategy and ensures that the organisation fulfils its objectives. The Board receives reports from the Policy and Finance Committee, which meets in the inteNening months to oversee the finances, policy direction and to consider personnel matters, such as pay and remuneration. The Board delegates day-to4ay management and decision making of the charity to the Chief Executive, who works with the se co-ordinators to ensure the smooth and effective running of the charity. The Chief Executive reports to the Co-chairs and the Board. In line with our Remuneration Policy, the Policy and Finance Committee review staff remuneration on an annual basis as part of the annual budgeting process. Statement of Trustees, Responsibilities The trustees (who are also directors of Age UK Wandsworth for the purposes of company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountancy Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming reSoUS and application of reSoUrs, including income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 (FRS 102}; make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitable company will continue in operation.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularFties. The Board conducts an annual risk assessment, in which major risks to the charity are identified and reviewed and systems and procedures to manage the risks are established and updated. Trustees re1ve reports from the Chief Executive and from services. co-ordinators. In addition, Trustees review Age UK Wandsworth's portfolio of policies and procedures on a cyclical basis, as well as the introduction of new policies and procedure as appropriate. All trustees give Iheir time voluntarily. Trustee Recruitment and Induction Trustees are recruited through a variety of methods, including targeted recruitment initiatives and professional recommendation. The Trustees endeavour to ensure that there is a balance of skills, gender, age and cultural backgrounds and that they are also representative of older people in Wandsworth. New trustees are inducted by the Chief Executive. the Co-chairs and more experienced trustees. They are also able to attend Trustee Induction programmes run by Age UK, where available. Older People Older People are at the centre of service planning and are involved in all aspects of the charity's strategic and operational management, including active Board of Trustee participation. Equal Opportunlties Age UK Wandsworth is committed to the principal of equal opportunity in all aspects of its work from Servi delivery through to employment and management of its employees and volunteers. Age UK Wandsworth also believes that all older people should re1ve services that meet their needs. As part of this commitment, it works to ensure that its own services and reSoUrS are relevant to the needs of older people and are perceived by those in need as relevant and aCSSible. We have an Equity, Diversty and Inclusion (EDI) Policy to help ensure we are a truly inclusive organisation. OBJECTIVES AND ACTIVITIES Objects of the charlty The Objects for which Age UK W8ndsworth is established and to which it is specifically restricted are to promote the following purposes for the benefit of the public andlor older people in and around the London Borough of Wandsworth: preventing or relieving the povety of older people. ii. advancing education- iii. preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical)., iv. promoting equality and diversity; assisting older people in need by reason of ill-health, disability, financial hardship, social exclusion or other disadvantage; and vi. such other charitable purposes for the benefit of older people as the Trustees may frorn time to time decide-
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... The outcome of this being the promotion of the well-being of older people. All activities of Age UK Wandsworth are of a charitable purpose. Mission Age UK Wandsworth's mission statement is to develop a wide range of services that enable and enhance the independence and wellbeing of older people in Wandsworth. Aims and objectives The new strategic plan, for 2023-2025, outlines the following aims and objectives: 1. To support older people in Wandsworth to live well in their homes and to participate in their community. 2. To promote positive ageing and raise awareness of the contribution that older people make to our community. 3. To ensure that older people benefit from a well-run. sustainable organisation that is able to respond flexibly and innovatively to the changing needs of older people and the external environment. Ensurlng our work delivers our aims and provides public benefit We follow the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Public benefits from our work includes older people in Wandsworth.. Understanding their rights to financial assistance and protection ReIving information and support to manage emotional, physical and mental health issues Accessing befriending and group activities that reduce levels of loneliness and social isolation Services Age UK Wandsworth remains an autonomous, local organisation providing direct services to older people in response to local need and available funding. Age UK Wandsworth's strategy is to build on the services it currently offers, developing new strands of activity or expanding the services to reach more people in line with our strategic aims and objectives. Our activities are preventative and improve the quality of life of older people living in the borough of Vvandsworth. By preventstive services we mean: services that help to prevent or delay the need for more costly intensive interventions., and strategies and approaches that promote the quality of life of older people and their engagement with the wider community The seniices we provided in 2023124 for older people are detailed below. These seplices are available to all people over the age of 60 within the borough of Wandsworth. Infomiation and Advice 1. Our Information, Advice and Support Service offers free and confidential information and advice on benefits, money, social care and housing and local services for people over 60 and their carers. Information and advice is provided in the office, over the telephone, via email and through home visits. In addition, we continue to deliver a scams prevention and support service - delivering group scams awareness talks at venues throughout the borough and one- to-one support to clients who have been, or who are at risk of being scammed.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 2. Crimes against Older People - c¢>ordination of a multi-agency forum to raise awareness of crimes against older people. 3. Better at Home - provides voluntary sector support to Vvandsworth's Community Wards, a multi-disciplinary team supporting patients in their own homes to prevent hospital admissions. 4. Age UK Wandsworth has a small Amenity Fund and can distribute grants of up to £200 to older people in financial need. Practical Support at Home Age UK Wandsworth runs 8 number of services aimed at supporting older people within their own homes to enable them to remain living independently at home and to maintain their health and well- being. These include: 5. The Be-a-Friend Service - matches volunteers with housebound older people to lessen the impact of social isolation. A telephone support Servi is also provided. 6. The Handyperson Service - undertakes falls prevention work and practical help with minor repairs in the home to assist those unable to carry out tasks for themselves. The service enables people to live independently and safely in their own homes. 7. Online Shopping Service provides internet grocery shopping for those who do not have access to a computer and arranges shopping deliveries to the door through supermarket online servIs. 8. The Hospital Discharge Support serVi- provides volunteer support for up to six weeks when someone is discharged from hospital. 9. Befriending Plus Service - a befriending programme with additional weekly practical support provided by volUntrS in conjunction with exisling care packages, or as a preventative measure. Additional Services 10. Roehampton Community Shed - provides opp3rtunities for socialising alongside practical projects, such as woodwork and furniture upcycling. In the last two years. there has also been a new focus on providing educational opportunities to address men's mental health. 11. In October 2022, Age UK Wandsworth was awarded an 18-month contract to provide three new services for Wandsworth Council: a building-based day centre Servi for older residents and those with disabilities and dementia; a pilot Outreach Servi to offer activities and companionship in a person's home environment,. and a pilot Digital Assistive Technology service to enhance the Council's Digital Inclusion Strategy by supporting residents to develop technological independence in their homes. At the end of the 18-month period, in March 2023, the Outreach service was terminated; the Digital Assistive Technology service was wrapped into a new, separate contract; and the Day Centre service contract was extended for a further two years. 12. Our Foot Clinic is now running once per month and meets the basic footcare needs of Wandsworth residents who are not entitled to free NHS footcare. 13. Community Engagement - this new Servi started in April 2023 and include5 new contracts from Wandsworth Council called Digital Inclusion Technology and Age Well Central. The Digital element includes the provision of technology assistance to resid8nts in libraries across the borough as well as care technology support in their homes, whilst the Age Well Central contract allows for the provision of activities, such as coffee mornings and exercise classes, with food offerings, in central Wandsworth.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... Volunteer Involvement Age UK Wandsworth depends extensively on the commitment of over 300 volunt&rs who play a vital role in every aspect of the organisation's work, including befriending, support in the home, office administration, and information and advice. Alongside paid staff, volunteers help us to deliver high- quality services. ACHIEVEMENTS AND PERFORMANCE The COVID-19 pandemic of 2020-2022 was swrftly followed by the national Cost of Living crisis. Whilst we continued to provide Wandsworth residents with our usual high-quality services to support their health and wellbeing at home and in the community, we had to focus on the additional challenges that the Cost of Living crisis posed and this is particularly evident in the support outlined below to increase residents. financial benefits. Our key achievements in 2023124 included: Benefit gains of £1,023.407 (compared to approximately £830K in 22123) for clients advised by our Advice team 2,456 in-depth advice sessions delivered (compared to 1,885 in 22123) and over 10,000 enquiries were responded to Over 2,000 activities delivered at the day centre to those with disabilities and dementia, which provides a subsidiary benefit of respite to unpaid carers 143 people matched to a volunteer befriender and almost 6.000 befriending home visits to lonely, isolated older residents Over 2,000 handyperson visits and over 1,200 indtvidual Wandsworth older residents supported with jobs to enable hospitsl discharge and independent living 437 frail, older residents supported with a safe, hospital discharge and subsequent after care (compared to 258 residents in 22123) 1,585 online food shopping deliveries arranged for those unable to food shop for themsefves Continuation funding secured for a second year for MCST (Maintenance Cognitive Stimulation Therapy) in direct response to residents, needs for further dementia support Winner of the Best Charity category in the Wandsworth Chamber of cornmer Business 2024 Awards for the business transformation of the organisation
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... FINANCIAL REVIEW The financial statements cover the consolidated activities of Age UK Wandsworth for the year ended 31 March 2024. The financial situation of the charity remained stable at the end of the financial year and has benefitted greatly from the strong financial and operational perf0rrnan over the previous three years. Principal Fundlng Sources £1.721,108 was received as Income from Charitable Activities in 2023124 in comparison with £1,816,595 in 2022123. Of this, Wandsworth Council contributed £1,090,670 compared with £1,218,706 in 2022123. The reduction year on year mainly reflected the changes to the Day Centre contract outlined above under Additional Services point 11. NHS Wandsworth Clinical Commissioning Group (CCG) provided funding of £15,000 compared with £10,000 in 2022123. V*le also reiVed contract funding from Battersea Healthcare Community Interest Company, the local GP Federation, of £401,106, compared with £415,328 in 2022123. Grants received in 2023-24 were as follows: Age UK, the national charity, awarded grants of £141,433 for Information and Advice and Maintenance Cognitive Stimulation Therapy Trust for London, £26,500 for Information and Advi mbledon Foundation, £9,833 for Information and Advice ASDA, £520 for Roehampton Community Shed Age UK London, £3.616 for Information and Advice The Fundraising and Marketing Committee continues to raise funds for services that are not fully funded and to raise the profile of the charity in the local community. We are particularly grateful to local residents who support us and raise money through taking part in sponsored events and other fundraising activity and for the local businesses and organisations who also supported us. In 2023124 we raised a total of £24,952 through community fundraising activities. We do not take such generous donations, or grants awarded, lightly and we are rigorous about controlling back office expenditure in order to pour valuable funds into delivering services that directly impact the most vulnerable older people in the borough. Reserves Policy and Flnancial Position Total reserves increased during the year from £1,345,919 at end March 2023 to £1,583,910 at end March 2024. Of this, £106,932 is designated funding from a legacy and the other unrestricted reserves totalled £480,850 at end March 2024. It is the charity's policy to write off deficits on restricted funds against general funds for those projects that finished in that financial year. Trustees wish to utilise reseeS to support the development of newer seNices that qUIre additional capacity when they are initially established. The organisation's reseNes policy is to mainlain resetves at a level representing approximately six months of non<ontracted expenditure and one year expenditure on long term contracts, in order to safeguard the future of the charity. Given the uncertainty around the extension of contracts such as Better at Home, the requirement to seek new funding sources annually for our Infomation and Advi service, and operating in the current high inflation environment, trustees feel it is prudent to maintain an higher level of reserves than was previously the case. Trustees have also agreed a new Investment Policy and have plans in 2024125 to invest further unrestricted reseNes in savings fijnds to benefit from rates of interest. this will be implemented through a secure online savings plafform called Insignis.
AGE CONCERN WANDSWORTH REPORT OF THE BOARD OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Icontd... PLANS FOR FUTURE PERIODS Age UK Wandsworth is committed to delivering a range of services for older people in the borough and responding to meet their changing needs. Trustees will continue to monitor and evaluate existing SeiceS and will aim to maintain. develop and fundraise for them in the future. Statsment as to Disclosure of Infomiation to Audltors So far as the directors are aware, there is no relevant audit information (as defined by Section 477 of the Companies Act 2006) of which the charitable company's auditors a unaware, and each director has tsken all the steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. Auditors A resolution proposing the re-appointment of Myrus Smith as auditors to the company viill be put to the Annual General Meeting. EXEMPTIONS FROM DISCLOSURES This report has been prepared in accordan with the Special Provisions of Part 15 of the Companies Act 2006 relating to small companies. On half the Board.. Jenny Alexander Co£hair 18 September 2024 Age UK Wandsworth 549 Old York Road London SW18 1TQ
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF: AGE CONCERN WANDSWORTH (A company limlted by guarantee) FOR THE YEAR ENDED 31 MARCH 2024 Oplnion We have audited the financial statements of Age Concem Wandsworth (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balan Sheet, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial r8POrting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitsble company's affairs as at 31 March 2024, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi. and have been prepared in accordance with the requirements of the Companies Act 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those stsndards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going conrn for a period of at least bwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilrties of the trustees with respect to going concem are described in the relevant sections of this report. Other informatlon The other information comprises the information included in the trustees. report, other than the financial ststements and our auditor's report thereon. The trustees are responsible for the other information contained within the trustees. report. Our opinion on the financial statements does not cover the other information and, except to the extent othetwise explicitly stated in our report, we do not express any form of assurance conclusion theOn. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF.. AGE CONCERN WANDSWORTH (A company limited by guarantee) FOR THE YEAR ENDED 31 MARCH 2024 Opinions on other matters prescrlbed by the Companles Act 2006 In our opinion. based on the work undertaken in the course of the audit: the information given in the trustees, report (incorporating the directors, report) for the financial year for which the financial statements are prepared is consistent with the financial statements. and the directors, report included within the trustees, report has been prepared in accordance with applicable legal requirements. Matters on which we are required to report by exception In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors, report included within the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you rf, in our opinion: adequate accounting rewrds have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and retums., or certain disclosures of directors, remuneration specified by law are not made: or we have not received all the information and explanations we require for our audit., or the trustees were not entitled to prepare the financial statements in accordance with the sm811 companies, regime and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the trustees. responsibilities statement on page 2, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditorf8 responslbllltles for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS {U K) will always detect a material misstatement when it exists. Misststements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to Influen the economic decisions of users tsken on the basis of these financial statements. Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregul8rities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below.. 10
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF: AGE CONCERN WANDSWORTH (A company limlted by guarantee) FOR THE YEAR ENDED 31 MARCH 2024 Audltor's responsibilities for the audit of the flnancial statements . .ICont'd Enquiry of management and those charged with governance about actual and potential litigation or claims and the identification of non-compliance with laws and regulations. Reviewing minutes of meetings of those charged with governance. Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations. Auditing the risk of management override of controls, including testing journal entries and other adjustments for appropriateness., assessing whether the judgements made in making accounting estimates a indicative of a potential bias- and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business. Performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. Professional scepticism in course of the audit and with audit sampling in material audit aas. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional Conalment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at= www.frc.org.uklauditorsresponsibilities. This description fomis part of our audrtor's report. Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state lo.tl]&tharitable company's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, ft)r this report. or ft)r the opinions we have formed. Kevin Fisher FCA (Senior Statutory Auditor) For and on behalf of Myrus Smith Chartered Accountants and Statutory Auditors Norman House. 8 Burnell Road, Sutton, Surrey. SM14BW ao &PlA2024
AGE CONCERN WANDSWORTH IA company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Designated Restricted Funds Funds Funds 2024 Total 2023 Total Notes Income Donations and legacies Charitable activities Other trading activities Investrnents 11,186 3,263 1,721,108 14,449 1,721,108 24,983 32,883 54,527 1,816,595 12,897 9,553 24,983 32,883 Total 69,052 1,724,371 1,793,423 1.893,572 Expendlture Raising funds Charitable activities 23,776 24,653 23,776 1.531,656 2,526 1.529,069 1.507,003 Totsl 48,429 1,507,003 1.555.432 1.531,595 Net income l (exponditure) for the year 11 20.623 217,368 237,991 361,977 Transfer befvrfeen funds 16 Net movement in funds 16 20,623 217,368 237,991 361,977 Total funds as at 1 April 2023 16 460,227 106,932 778,760 1,345,919 983,942 Total funds at 31 March 2024 16 £480,850 £106,932 £996,128 £1,583,910 £1,345,919 All income and expenditure derives from continuing activities. The statement of financial activities includes all gains and losses recognised during the year. The notes on pages 16 to 26 form part of the financial statements. 12
AGE CONCERN WANDSWORTH IA company limited by guarantee) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Current assets Debtors Cash at bank and in hand 13 92,684 1,562,811 81,661 1,363,624 1.655,495 1,445,285 Liabilities Creditors.. Amounts falling due within one year 14 71,585 99,366 Net assets 15 £1,583,910 £1.345,919 Funds Unrestricted - General Designated 16 16 16 480,850 106,932 996,128 460,227 106,932 778,760 Restricted Total funds 16 £1.583,910 £1,345,g19 The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. The financial statements were approved and authorised for issue by the Board of Trustees on 18 2024 and signed on its behalf by: yAle Co-chair nder The notes on pages 16 to 26 form part of the financial statements. 13
AGE CONCERN WANDSWORTH (A company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 Net cash provlded byllused in) operatlng activilies 20 166,304 366,525 Cash flows from investing activltles Interest received 32,883 9,553 Increasel(decrease) in cash and cash equivalents In the year 199,187 376,078 Cash and cash equÉvalents at the beginning of the year 1,363,624 987, 546 Total cash and cash equivalents at tho end of the year £1,562,811 £1,363,624 Analysis of cash and cash equivalents Cash at bank and in hand £1,562,811 £1,363,624 The notes on pages 16 to 26 form part of the financial statements. 14
AGE CONCERN WANDSWORTH (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparation and assessment of going concern The charity constitutes a public benefit entity as defined by 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 the Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the Untted Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going cOnM basis under the historical cost convention. The financial statements are presented in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial ststements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income recognition Items of income are recognised in the financial statements when all of the following criteria are met.. The charity has entitlement to the funds" any performance conditions have been met or are fully within the control of the charity., there is sufficient certainty that reIpt of the income is considered probable., and the amount can be measured reliably. Expenditure recognltlon Expenditure is recognised once there is a legal or constructive obligation to make payment to a third party, it is probable that settlement will be required and the amount can be measured liably. Expenditure includes those costs of a direct nature which can be allocated to a specific activity. It also includes indirect costs, including governan costs that do not relate to a specific activity but are necessary to support those activities. Support costs are apportioned to each activity on the basis of staff time or on a basis which is designed to reflect the use of the resources. 15
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... ACCOUNTING POLICIES (cont'd) Fund accounting Unrestricted general funds are freely available for use in furtherance of the objects of the charity and which have not been designated for particular purposes. Designated funds are unrestricted funds set aside by the trustees for particular purposes. Restricted funds are funds which can only be used in accordan with specific restrictions imposed by the donor or which have been raised for a particular purpose. Tanglble fixed assets All expenditure on capital items costing less than £1.000 is written off in the year of purchase. Leases Operating lease rentals are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease. Pensions The charity operates a defined contribution pension scheme. Contributions payable under the scheme are charged the Statement of Financial Activities in the year to which they relate. Debtors and creditors Debtors and creditors with no ststed interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Statement of Financial Activities. 2. DONATIONS AND LEGACIES Unrestricted Restricted funds funds Total 2024 Total 2023 Donations Legacies 11,186 763 2,500 11,949 2,500 9,866 44,661 £11,186 £3,263 £14,449 £54,527 All of the £54,527 recognised in 2023 related to unrestricted funds. 16
AGE CONCERN WANDSWORTH (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd.. 3. INCOME FROM CHARITABLE ACTIVITIES Icont'd Unrestricted funds Restricted funds Total 2024 Total 2023 Wandsworth Borough Council Crimes against Older People Community Engagement (DIP + Digipals + Health & Exercise) Other - Roehampton Communty Shed - Gwynneth Morgan Day Centre - Better at Home Assistant - Winter Pressures 5,000 5,000 5,000 122,700 260 2,577 880,092 60,031 20,010 122,700 260 2,577 880,092 60,031 20,010 70,498 1,000 1,102,187 40,021 Wandsworth Clinical Commissioning Group Roehampton Community Shed 15,000 15,000 10,000 Battersea Healthcare Community Interest Company Better at Home - Ageing Well Falls Prevention 386, 328 386,328 386,328 15,000 14,000 14,778 14,778 The Henry Smith Charty Information and Advice 13,333 Age UK Information and Advice - ActivelLGBTQ Chats Community Engagement 127,264 127,264 62.909 11.804 14,169 14,169 Age UK London Information and Advice 3,616 3,616 Trust for London Information and Advice 26,500 26,500 32,300 Wimbledon Foundation Information and Advice 9,833 9,833 Health and Exercise (Active Friends) 14,580 ASDA Roehampton Community Shed 520 520 1,000 other incomelgrants 32,430 32,430 36,635 £Nil £1,721.108 £1,721,108 £1,816,595 Of the £1.816,595 recognised in 2023, £2,500 related to unrestricted funds and £1,814,095 to restricted funds. 17
AGE CONCERN WANDSWORTH (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 4. OTHER TRADING ACTIVITIES Unrestricted Restricted funds funds Total 2024 Total 2023 Fundraising Activities £24,983 £Nil £24,983 12,897 All of the £12,897 recognised in 2023 related to unrestricted funds. 5. INVESTMENT INCOME Unrestricted Restricted funds funds Total 2024 Totsl 2023 Bank interest £32,883 £Nil £32,883 £9,553 All of the £9,553 recognised in 2023 related to unrestricted funds. 6. COST OF RAISING FUNDS Direct costs Support costs Total 2024 Total 2023 Salaries Materials staff Expenses staff Recruitment Staff Training Fundraising Cost 20,053 12 135 20,053 12 135 896 108 73 482 37 3.539 37 3,539 967 £23,776 £Nil £23,776 £2,526 All of the £2,526 expenditure recognised in 2023 was charged to unrestricted funds and all were for direct costs. 7. EXPENDITURE ON CHARITABLE ACTIVITIES Direct costs Support costs Total 2024 Total 2023 Provision of infomiation, advice and practical support to older people (Notes 8 & 9) £1,497,102 £34,554 £1,531,656 £1,529,069 Of the £1,529,069 expenditure recognised in 2023, £32,362 was charged to unrestricted funds and £1,496,707 was charged to restricted funds. 18
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... ANALYSIS OF DIRECT COSTS Total 2024 Total 2023 Staff salaries including payroll costs Volunteer training and expenses Staff training and expenses Consultancy costs Premises and related costs Printing, postage and stationery offi equipment maintenance and furniture Telephone and fax Handy person materials Day Centre food purchase Day Centre care expenses Day Centre transport other direct costs 1,013,374 334 16,377 443 257,638 9,215 13,992 11,530 42,894 10,114 5,443 98,072 17,676 998,781 525 10,313 495 249,675 7,307 21,185 9,415 37,270 11,472 6,905 84,295 18,809 £1,497,102 £1,456,447 g. ANALYSIS OF SUPPORT COSTS Total 2024 Total 2023 staff salaries including payroll costs staff training and expenses Other costs Premises and related costs Govemance costs (see note 10) Printing, postage and ststionery Office equipment, maintenance and fijrniture Telephone and fax 15,678 2,186 1,250 4,712 10,021 394 140 173 46,031 1,659 2,545 8,535 11,484 592 1,224 552 £34,554 £72,622 10. GOVERNANCE COSTS 2024 2023 Audit fees AGM Insuran 3,444 1,585 4,992 3,444 455 7,585 £10,021 £11,484 11. NET INCOME FOR THE YEAR 2024 2023 This is stated after charging- Audit fees Operating lease rentals £3,444 £240,496 £3,444 £225,292 19
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 12. STAFF COSTS 2024 2023 Wages and salaries Social security costs Pension costs Payroll administration 926,113 76,501 44,316 2,175 920,171 79,486 43.867 2,184 £1,049,105 £1,045.708 The average number of employees during the year was as follovrfs.. 2024 No. 1.00 1.70 28.90 2023 No. 1.00 1.80 29.30 Chief Executive Administrative staff Charitable activities 31.60 32.10 One employee (2023 .' One) received totsl employee benefits (excluding employer pension costs) which fell in the band £90,000 to £100.000 (2023 . £90,000 to £100,000). The members of the Board received no remuneration or reimbursement of expenses (2023: £Nil). Total employee benefits received by key management, inc5uding employer's pension costs, amounted to £104,774 (2023-£101.726). Under FRS 102, employee benefits include gross salary, benefits in kind, employels national insurance and employer's pension costs. 13. DEBTORS 2024 2023 Grants and directly charged ServIS receivable (Accrued income) Prepayments 21.193 71.491 43,685 37,976 £92.684 £81,661 14. CREDITORS Amounts falling due within one year 2024 2023 Accruals Pensions Deferred income 19,543 6,864 45,178 48,544 7,450 43,372 £71,585 £99,366 Deferred income represents grants received in advance for 2024125. Deferred income analysis 2024 2023 As at 1 April 2023 Additions during the year Amounts released to income 43.372 45,178 (43,372) 24,566 43,372 (24,566) As at 31 March 2024 £45,178 £43,372 20
AGE CONCERN WANDSWORTH (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 15. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Designated Restricted Funds Funds Funds Total Funds 2024 Current assets Current liabilities 481,174 (324) 106,932 1,067,388 (71,260) 1,655,494 (71.584) Net assets at 31 March 2024 £480,850 £106,932 £996,128 £1,583,910 Comparative information for the previous financial year is as follows: Unrestricted Designated Restricted Funds Funds Funds Total Funds 2023 Current assets Current liabilities 460.496 (269) 106,932 877,857 (99,097) 1,445,285 (99,366) Net assets at 31 March 2023 £460.227 £106,932 £778,760 £1,345,919 16. MOVEMENT IN FUNDS At 1 April 2023 Income Expenditure Transfers At 31 March 2024 2024 Restrlcted funds: Information and Advice Cold Weather and Amenity Fund Digipals Crimes against Older People Roehampton Community Shed Better at Home Health & Exercise (Active Friends) Community Engagement (Digipals + Health & Exercise) Foot Clinic Gwynneth Morgan Day Centre 85,950 9,278 47,645 1,086 10,397 310,424 169,713 120,246 134 135,417 9,144 (47,645) 5,000 18,687 471,534 5,869 10,557 369,324 217 18,527 412,634 58,559 (58,559) 150,213 1,495 907,729 74,704 804 925,365 106,204 181,713 691 237,785 255.421 Total restricted funds 778,760 1.724,371 1,507,003 996,128 Unrestricted funds: General fvnds Designated Funds: Sustainability fund Marketing Premises and offices 460.227 69,052 48,429 480,850 93,067 3,865 10,000 93,067 3,865 10,000 Total unrestricted funds 567,159 69,052 48,429 587,782 Total funds £1,345,919 £1,793,423 £1,555,432 £Nil £1.583,910 21
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 16. MOVEMENT IN FUNDSlcontd... Comparative information for the previous financial year is as follows: At 1 April 2022 Income Expenditure Transfers At 31 March 2023 2023 Restricted funds: Information and Advi Cold Vveather and Amenity Fund Digipals Crimes against Older People Roehampton Community Shed Better at Home Befriending Plus Health & Exercise (Active Friends) ActivelLGBTQ Chats Foot Clinic Gwynneth Morgan Day Centre 41,592 9,278 108,542 108,846 44,662 85,950 9,278 27,029 1,448 7,944 208,119 12,356 56,015 5,000 11,059 432,447 35,399 5,362 8,606 342,498 47,645 1,086 10,397 310,424 12,356 (12,356) 71,428 33.854 20,985 (20,985) 6,308 58,559 20,985 (6,810) 88,407 1,759 1,127,899 1,257 960,885 255,421 Total restrictsd funds 410.348 1,814,149 1,496,707 50,970 778,760 Unrestricted funds: General funds Designated Funds" Sustainabilty fund Marketing Premises and offices 466.662 79.423 34.888 (50.g70) 460,227 93.067 3.865 10,000 93,067 3,865 10,000 Total unrestrictèd funds 573.594 79,423 34,888 (50,970) 567,159 Total funds £983,942 £1,893,572 £1,531,595 £Nil £1,345,919 22
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Icontd... 16. MOVEMENT IN FUNDSlcontd... Purpose of restricted funds Restricted funds are funds that can only be used in accordance with specific restrictions imposed by the donor and used for the objectives set by them. These funds are detailed here.. Information and Advice Infomiation and advice on benefits, housing, health and other issues. Cold Weather and Amenity Fund Provision of services and items to older people in cold weather. Digital Inclusion and Assistive Enabling older people to get online Technology Crimes against Older People Roehampton Community Shed Better at Home Coordination of a multi-agency forum to raise awareness of crimes. Practical group activities mainly for men. Support to remain living independently at home, support after discharge from hospital, support shopping deliveries and support for older people who feel isolated. Support for older people who feel isolated and provide practical help. Provide gentle chair-based exercises and telephone support. Provide gentle chair-based exercises and telephone support. Foot health. Provide a specialist day care service, outreach and digital support for older people, people with disabilities and people with dementia. As part of our new Organisational Strategy, we have created a new seNice called Community Engagement with one Coordinator who will oversee digital and healthy living projects. Funds from Digipals and Health and Exercise have therefore been transferred into Community Engagement and within that sit a Digital Inclusion Programme and various health and exercise services Befriending Plus Health & Exercise (ActiveFriends) ActivelLGBTQ Chats Foot Clinic Gwynneth Morgan Day Centre Community Engagement A programme of coffee momings and activities, including digital, gardening, music, walking, art. board games. Purpose of designated funds The trustees have designated funds for the following purposes: Sustainability Fund To enable the charity to maintain operating capacity and to expand activities in the light of developments in technology 8nd uncertainty over future funding. To promote the charity's activities and with a view to increasing income. To provide for costs arising on future lease expiry and costs of updating office systems. Marketing Premises and offices 23
AGE CONCERN WANDSWORTH (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 MARCH 2024 Icontd... 17. COMMITMENTS UNDER OPERATING LEASES The total future minimum lease payments due under non-cancellable operating leases are as follows.. 2024 Land and Buildings 2023 Land and Buildings Within one year Within one to five years 13,333 40.000 13.333 £13,333 £53,333 A tenancy at will exists beeen the charity and the London Borough of INandsworth for the annual rental of a property ot £120,000. 18. COMPANY STATUS Age Concern Wandsworth is a private company limited by guarantee snd has no share capital. It is incorporated in Great Britain and registered in England and Wales. Each member is liable to contribute a sum not exceeding £1 in the event of the Company being wound up. The address of the registered offi'ce can be found in the Reference and Administration details on page l. 19. TAXATION The charitable company is exempt from corporation tax on its charitable activities. 20. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net movement in funds 237,991 361,977 Interest re1vable (Increase)Idecrease in debtors Increasel(decrease) in creditors (32.883) (11,023) (27,781) (9,553) (3,795) 17,896 Net cash provided byl(used in) operating activities £166,304 £366,525 24