||||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| ## ## ##