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2023-03-31-accounts

AGE UK MILTON KEYNES AGE UK MILTON KEYNES AGE UK MILTON KEYNES
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustees'
Report		 2-8
Independent
Auditors'		 Report on the Financial Statements 9-12
Statement of Financial Activities 13
Balance Sheet 14
Statement ofCash Flows 15
Notes to the Financial Statements 16-38
Trustees Miss SJ Graham,
Chair ofTrustees		 Miss SJ Graham,
Chair ofTrustees
Mrs M Bates, Trustee (resigned 23 November 2022)
Mrs J Deeley, Trustee
MrJ D Goodman,
Trustee
Mrs D Payne, Trustee (resigned 23 November 2022)
Ms J M McMeekin, Trustee
Mrs M Lang, Trustee
Mr G J Baxter, Trustee (appointed 30January 2023)
Mr C Kingsford, Trustee (appointed 26 September 2022)
Mrs G Baker, Secretary
Company registered
number 03897291
Charity registered
number 1079773
Registered office The Peartree Centre
1 Chadds Lane
Peartree Bridge
Milton Keynes
MK6 3EB
Independent auditors MHA
Chartered
Accountants
Statutory Auditors
Moorgate House
201 Silbury Boulevard
Milton Keynes
MK9 1L2
Bankers Lloyds Bank PLC
Natlest
Bank PLC

Unrestricted Restricted Total Total
funds funds funds funds
Note 2023 2023 2023f 2022
Income from:
Donations
and legacies		 74,499 2,128 76,627 116,017
Charitable
activities		 490,630 850,199 1,340,829 1,131,452
Other trading
activities		 1,274,423 1,274,423 1,076,864
Investments 3,413 3,413 /50
Total income 1,842,965 852,327 2,695,292 2,324,483
Expenditure
on:
Raising funds 971,760 971,760 929,973
Charitable
activities		 1,046,723 619,123 1,665,846 1,333,181
Total expenditure 2,01&,483 619,123 2,637,606 2,263,154
Net (expenditure)/income (175,518) 233,204 57,686 61,329
Transfers
between		 funds 1& 157,253 (157,253)
Net movement
in funds		 (18,265) 75,951 57,686 61,329
Reconciliation
offunds:
Total funds brought forward 1,?47,101 246,681 1,993,?82 1,932,453
Net movement
in funds		 (18,265) 75,951 57,686 6'/,329
Total funds carried forward 1,728,836 322„632 2,051,468 1,993,782

BALANCE SHEET BALANCE SHEET
AS AT 31 MARCH 2023
2023 2022
Note E
Fixed assets
Tangible assets 14 1,019,826 1,060,091
1,019,826 1,060,091
Current assets
Stocks 15 14,941 32,252
Debtors 16 276,735 292,971
Cash at bank and in hand 914,493 849,978
1,206,169 1,175,201
Creditors: amounts falling due within one
year 17 (174,527) (241,510)
Net current assets 1,031,642 933,691
Total assets less current liabilities 2,051,468 1,993,782
Total net assets 2,051,468 1,993,782
Charity funds
Restricted
funds		 18 322,632 246,681
Unrestricted
funds		 18 1,728,836 1,747,101
Total funds 2,051,468 1,993,782
M
J Grah		 Mrs G Baker
Tr
tee
Date:
23/10/2023		 Secretary
STATEMENT OF CASH FLOWS STATEMENT OF CASH FLOWS STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
Note 2023f 2022
Cash flows from operating activities
Net cash used
in operating		 activities 21 61,102 96,682
Cash flows from investing activities
Dividends,
interests
and rents from investments		 7 3,413 150
Purchase of tangible fixed assets 14 (7,860)
Net cash provided
by/(used
in) investing		 activities 3,413 (7,710)
Cash flows from financing activities
Net cash provided
by financing
activities
Change
in cash and cash		 equivalents
in		 the year 64,515 88,972
Cash and cash equivalents at the beginning of the year 22 849,978 761,006
Cash and cash equivalents at the end of the year 22 914,493 849,978
The notes on pages 16to 38form part ofthese financial statements

Unrestricted Restricted Total
funds funds funds
2023 2023 2023
Donations and legacies 74,499 2,128 76,627
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
Donations and legacies 74,354 7,707 82,061
Grants 33,956 33„956
108,310 7,707 116,017

Unrestricted Restncted Total
funds funds funds
2023 2023f 2023
Sales within charitable activities 21,235 591,562 612,797
Services provided under contract 456,146 258,637 714,783
Other income 13,249 13,249
490,630 850,199 1,340,829
Unrestricted Restricted Total
funds funds funds
2022 2022 2022
Sales within charitable activities 37,529 481,146 518,675
Services provided under contract 186,153 l86,153
Other income 426,624 426,624
464,153 667,299 '/, 131,452

Unrestricted Total
funds funds
2023 2023
Fundraising events 13,156 13,156
Unrestricted Totai
funds funds
2022 2022
Fundraising events 8,497 8,497
Income from non charitable trading activities
Unrestricted Total
funds funds
2023 2023
F
Shop income 1,261,267 1,261,267
Unrestricted Totai
funds funds
2022f 2022f
Shop income 1,068,367 1,068,367

Unrestricted Total
funds funds
2023 2023
Interest receivable 3,413 3,413
Unrestricted Total
funds funds
2022 2022
interest receivable 150 150
Unrestricted Total
funds funds
2023 2023
Other trading activities 420,485 420,485
Support costs 15,644 15,644
Staff costs 529,735 529,735
Depreciation and impairment 5,896 5,896
Total 2023 971,?60 971,760

Unrestricted Total
funds funds
2022 2022
Other trading activities 452,253 452,253
Support costs 10,1i9 10,119
Staff costs 461,808 461,808
Depreciation and impairment 5,793 5,793
929,973 929,973

Unrestricted Restricted
funds funds Total
2023 2023 2023
f.
Staff costs 809,818 422,137 1,231,955
Depreciation
and		 impairment 34,368 34,368
Staff and volunteer expenses 9,343 15,266 24,609
Other direct costs 175,810 181,713 357,523
Other professional fees 405 405
Charitable
expenditure		 349 349
Other governance costs 13,300 13,300
Bank charges 3,330 3,337
1,046,723 619,123 1,665,846

Unrestricted Restricted
funds funds Total
2022
f		 2022 2022
Staff costs 751,836 372,997 1,124,833
Depreciation
and		 impairment 37,314 37,314
Staff and volunteer expenses 6,808 12,619 19,427
Other direct costs 39,223 81,852 121,075
Other professional fees 6,110 14,675 20,785
Trustee expenses 75 75
Other support costs 198 12 210
Other governance costs 8,295 8,295
Bank charges 1,167 'l,167
851,026 482,155 1,333,181
Activities
undertaken Support Total
directly costs funds
2023 2023 2023
F F
Staff costs 1,231,955 1,231,955
Depreciation and impairment 34,368 34,368
Staff and volunteer expenses 24,609 24,609
Other direct costs 357,523 357,523
Other professional fees 405 405
Charitable
expenditure		 349 349
Other governance costs 13,300 13,300
Bank charges 3,337 3,337
1,648,804 17,042 1,665,846
10. Analysis ofexpenditure Analysis ofexpenditure by activities (continued)
Activities
undertaken
directly		 Support
costs		 Total
funds
2022 2022f 2022f
Staff costs 1,115,406 9,427 1,124,833
Depreciation
and		 impairment 37,314 37,314
Staff and volunteer expenses 16,042 3,385 19,427
Other direct costs 121,075 121,075
Other professional fees 14,675 6,110 20,785
Charitable
expenditure		 75 75
Other support costs 210 210
Other governance costs 8,295 8,295
Bank charges 1,/67 1,167
1,304,587 28,594 1,333,18'i

Total Total
funds funds
2023f 2022
Staff costs 1,171,845 1,124,821
Depreciation 34,368 37,314
Staff and volunteer expenses 24,609 '/6, 042
Other direct costs 417,633 111,660
Other professional fees /4, 675
Trustee expenses 349 75
1,648,804 1,304,587
Analysis
ofsupport costs
Total Total
funds funds
2023 2022
Staff and volunteer expenses 3,385
Finance costs 9,427
Professional fees 405 6,320
Audit fees 13,300 8,295
Bank charges 3337 1,167
17,042 28,594
11. Auditors'
remuneration
2023 2022
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 13,300 8,295

Staff costs
2023 2022
Wages and salaries 1,597,747 1,474,417
Social security costs 7&,165 83,358
Contribution to defined contribution pension schemes 25,66& 28,854
1,701,5&0 1,586,629
The average number number of full time equivalent persons employed by the Charity during the year was as the year was as
follows:
2023 2022
No. No.
Chief Executive 1 1
Direct service staff 39 30
Cost ofgenerating funds 26 24
Other & 13
74 68

Leasehold
Leasehold land and Motor
improvements buildings vehicles Computers Total
F
Cost or valuation
At 1 April 2022 246,452 1,457,380 27,707 238,317 1,969,856
Disposals (3,125) (3,125)
At 31 March 2023 246,452 1,457,380 24,582 238,317 1,966,731
Depreciation
At 1 April 2022 225,646 435,568 27,707 220,844 909,765
Charge for the year 6,161 27,032 7,072 40,265
On disposals (3,125) (3,125)
At 31 March 2023 231,807 462,600 24,582 227,916 946,905
Net book value
At 31 March 2023 14,645 994,780 10,401 1,019,826
At 31 March 2022 20,806 1,021,812 17,473 1,060,091

2023 2022
14,941 32,252

Debtors
2023 2022
F
Due within one year
Trade debtors 186,347 231,119
Other debtors 36,419 4,274
Prepayments and accrued income 53,969 57,578
276,735 292,971
17. Creditors: Amounts Creditors: Amounts falling due within one year
2023 2022
f.
Trade creditors 5,081 17,495
Other taxation and social security 30,339 24,922
Other creditors 1&,668 16,706
Accruals and deferred income 120,439 182,387
174,527 241,510
18. Statement offunds
Statement
offunds		 - current year
Balance at
Balance at 1 Transfers 31 March
April 2022 Income
f.		 Expenditure f in/out
f		 2023
f
Unrestricted
funds
Designated
funds
Property
Development		 Fund 1,060,091 1,060,091
Premises
Maintenance		 Fund 100,000 100,000
1,160,091 1,160,091
General funds
General
Funds - all funds		 587,010 1,842,965 (2,018,483) 157,253 568,745
Total Unrestricted funds 1,747,101 1,842,965 (2,018,483) 157,253 1,728,836

Balance at
Balance at 1 Transfers 31 March
April 2022 Income Expenditure in/out 2023
Restricted funds
Peartree 225,000 225,000
Home Support
Hardship		 Fund 7,350 1,037 (660) (946) 6,781
MK Community
Foundation		 1,025 (1,025)
Allotments 1,500 1,500
Deep Cleans Equipment 2,521 2,521
Home First 14 18,353 (13,081) 5,286
Memory Club 2,026 2,026
Marketing
Fund		 5,000 5,000
Utilities Hardship
Fund		 ?1& 1,000 1,718
Meal Service - Christian
Centre 1,000 1,000
Christian
Centre ILS Hardship
Fund 2,000 (120) 946 2,826
Age UK Winter Support 1,925 (64) 1,861
MKCC Handyman Service 100,2&6 (54,974) 45,312
Age UK MSCT Cohort 3 12,508 (6,9&8) 5,520
Digitial
Inclusion		 37,750 (22,996) 14,754
HAS 197,217 (135,471) (61,746)
HAS Enhanced (2,802) 2,802
BRC 48,083 (18,695) (29,388)
Live Life 126,834 (90,841) (35,993)
Live Life Regeneration 30,000 (6,685) (23,315)
A10 other grants 2,375 (2,375)
Befriending
donations		 150 (150)
Watling St Practice 20,218 (16,285) (3,933)
South West Network 40,546 (34,667) (5,879)
East MK (8,712) 8,712
The Bridge Practice 66,571 (62,906) (3,665)
Nexus CLW 34,738 (31,135) (3,603)
Ascent Primary Care 31,454 (27,073) (4,381)
The Crown PCN 8,042 (11,178) 3,136
Eon Warm Homes - Age UK 14,702 (14,702)
National
Grid Warm		 homes 6,750 (6,750)
Statement offun ds -curre nt year (continued)
Balance at
Balance at 1 Transfers 31 March
April 2022
f.		 Income Expenditure
F		 in/out
f		 2023
Grants for Roof Repair 57,500 (57,500)
Lynoot Craft Fund 1,527 1,527
Total Restricted funds 246,681 852,327 (619,123) (157,253) 322,632
Total offunds 1,993,782 2,695,292 (2,637,606) 2,051,468

Analysis of net assets between funds -current year
Unrestricted Restricted Total
funds funds funds
2023 2023 2023
F F
Tangible fixed assets 1,019,826 1,019,826
Current assets 883,537 322,632 1,206,169
Creditors due within one year (174,527) (174,527)
Total 1,728,836 322,632 2,051,468
Analysis of net assets between funds -prior year
Unrestricted Restricted Total
funds funds funds
2022 2022f 2022
Tangible fixed assets 1,060,091 1,060,091
Current assets 928,520 246,681 1, 'I 75,201
Creditors due within one year (241,510) (241,510)
Total 1,747,101 246,681 l,993,782
2023 2022
F
Net income for the year (as per Statement of Financial Activities) 57,686 61,329
Adjustments
for:
Depreciation
charges		 40,265 43,108
Dividends,
interests		 and rents from investments (3,413) (150)
Decrease/(increase) in stocks 17311 (20,873)
Decrease/(increase) in debtors 16,236 (100,928)
Increase/(decrease) in creditors (66,983) 114,196
Net cash provided by operating activities 61,102 96,682

At 31 Mar
cancellable		 ch 2023 the Charity
had commitments
to make
fu
operating
leases as follows:		 ture
minimum
lease payments		 under
non-
2023f 2022
Not later than
1 year		 11,967 47,470
Later than 1 year and not later than 5 years 619,424 454,739
Later than 5 years 77,946
709,337 502,209