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2021-03-31-accounts

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Charity Registration No.1083242 Company Registration No. 04075099 (England and Wales)

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES LEGAL AND ADMINISTRATION

Trustees

B. Green BA LLB - Chair Dr. S. Lennon BM MSc FRCPsych - Deputy Chair R. Zoltie BSc CA - Honorary Treasurer C. Fall FRICS R. Clarke BA (Hons} Business Law M. Berry BA (Hons} Sociology MA Social Work J. Gregory BSocSc Politics

Secretary S. A. Dervan Principal and Registered office First Floor, 20 St. Ann's Square Manchester M 2 7HG Charity number 1083242 Company number 04075099

Auditors Jackson Stephen LLP James House Stonecross Business Park Yew Tree Way Warrington Cheshire WA33JD

Bankers

The Co-Operative Bank 1 Balloon Street Manchester M60 4EP

CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent M E19 4JQ

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES CONTENTS

Page
Trustees' repor 1 -10
Statement of Trustees' responsibilities 11
Independent auditor's repor 12 -15
Consolidated statement of financial activities 16
Group balance sheet 17
Company balance sheet 18
Consolidated statement of cash flows 19
Notes to the financial statements 20-3

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

TRUSTEES'REPORT FOR THE YEAR ENDED 30 MARCH 2021

The Trustees have pleasure in presenting their annual report, which also contains the requirements of a directors' report under the Companies Act 2006, and the audited financial statements for the year ended 30 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their annual accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019)". Legal and administrative details are provided on a separate information page at the front of these financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Object of the charity

Age Concern Manchester was formed in 1976 to "promote the relief of elderly people in any manner that now or hereafter may be deemed by law to be charitable in and around the City of Manchester''.

Legal status and governing document

Age Concern Manchester is a charitable company limited by guarantee, charity registration number 1083242. The Charity is governed by the articles and memorandum of association for the incorporated company as last amended on 3 November 2008. The directors of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. The governing documents instruct the trustees to act in a way to promote the objects of the Charity. The Trustees had no beneficial interest in the charitable company.

Subsidiaries

Until October 2000 the activities of Age Concern Manchester were undertaken by an unincorporated charity, registration number 504929. That charity is now a subsidiary charity of Age Concern Manchester and has not traded during the year. On 28 May 2012, the Pre-Retirement Association of Greater Manchester (PRAGMA) became a subsidiary charity of Age Concern Manchester, and was renamed as the Planned Retirement Association of Greater Manchester.

The Charity also has two active wholly owned trading subsidiaries, Age Concern Manchester Trading Co. Ltd and Age Concern Manchester (Care) Limited. The group statement of financial activities includes the total income receivable and total expenditure payable by these two subsidiaries. The Charity also has three wholly owned non-trading subsidiaries; Silver Service Manchester Limited, Age UK Manchester Trading Co. Limited and Age UK Manchester.

On 11 March 2014, Age Concern Manchester signed a Brand Partner Agreement with Age UK and from 14 July 2014 adopted the working name of Age UK Manchester. The legal status of Age Concern Manchester, the Charity, remains unchanged.

Truste s

The Trustees, who are also directors for the purpose of company law, who served during the year were:

B. Green BA LLB - Chair

Dr. 5. Lennon BM MSc FRCPsych - Deputy Chair

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Appoinbnent, induction and training of the Truste s

Recruitment to the Board of Trustees is normally by invitation to individuals with the relevant skills and experience to strengthen the governance of the organisation. It is usual for potential new trustees to attend one or more meetings at first as observers, and then to be co-opted prior to subsequent election at the Annual General Meeting.

The induction process includes the provision of relevant background written material as well as visits to the organisation's service locations. Training needs are addressed at a preliminary meeting with the Chief Executive, with appropriate arrangements subsequently being made for personalised training to take place.

Organisational structure

The Annual General Meeting of the Charity elects the Trustees and Honorary Officers, appoints Auditors, and considers and adopts the Annual Report and Consolidated Financial Statements for the preceding year's activities. The Board receives regular reports on risk management, on property management, health and safety and on equal opportunities performance.

Financial control

In accordance with company and charity law applicable to charities in England and Wales, the Trustees have financial statements prepared for each financial year based upon proper accounting records which disclose a true and fair view of the state of affairs of the charity on an on-going basis. In preparing those financial statements, the Trustees have approved suitable accounting policies and require them to be applied consistently, making judgements and estimates that are reasonable and prudent. The Trustees, being also responsible for safeguarding the assets of the Charity, have taken reasonable steps for the prevention and detection of fraud and other irregularities.

Once a year, auditors attend the Board's meeting to present the draft annual accounts and to discuss the draft annual reports. Budgets are approved at the beginning of the financial year and monitored throughout the year.

Reporting requirements

At the regular meetings of the Board of Trustees cost centre management accounts are considered, showing income and expenditure against budget, along with statements on cash, and reports on trends in service activity and income generation. Staffing and other management issues are regularly reported to the Board, as well as ideas for developing services and for improving income generation. Reports are presented on policy matters of concern to older people locally, regionally and nationally.

Reporting is by the Chief Executive and other members of the management team who attend meetings and contribute according to the matters on the agenda. So far as possible, the Board's focus is on strategic issues, developing the capacity of the team, the suitability of the buildings in use, the quality of systems and the strength of financial reserves that are for future growth. In this context, from time to time the Trustees and senior managers meet for longer periods for business planning purposes.

Risk management

The Trustees acknowledge their continuing responsibility for identifying the major risks faced by the Charity, keeping those risks under review and taking appropriate steps to manage those risks. The Trustees confirm that they are satisfied that the risk management arrangements in force within the Charity are appropriate and effective and conform to the guidelines issued by the Charity Commission. The annual risk management report (that analyses the major risks faced by the Charity and highlights where mitigating actions are required) has been considered and approved by the Board and is being kept under active review.

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Delegation

Subject to their compliance with the above reporting regime, the day to day management of the organisation is delegated to the Chief Executive and Senior Team.

Volunteers

Under normal circumstances, many of the charity's activities depend heavily on the contribution of more than 120 unpaid volunteers, to whom Age Concern Manchester is greatly indebted. At the very minimum, their giving is worth £500,000 a year to the organisation. In the year under review volunteer input has been impacted by Covid due to the need for some people to shield and also due to the temporary changes made to some services. Most volunteers are expected to return, and it is expected that the work undertaken in the year under review will help to attract new volunteers who want to make a difference to their local communities.

AIMS AND OBJECTIVES

In pursuit of the "relief of elderly people" in and around the City of Manchester", the organisation aims not only to provide direct assistance through its own service structure, but also seeks to influence the nature, style, client group and location of services provided by others, particularly the statutory agencies with responsibilities for meeting the needs of Manchester's older people.

In this context, the Trustees committed the Charity to focus on those organisational objectives that would help to ensure that older people in and around Manchester were able to access the range of information, support and care that they needed as individuals, and in the settings where and when such services were needed.

Due to the exceptional circumstances faced during the year under review:

And also

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ACTIVITIES

1. Advice, Counselling and Advocacy

Advice: The Information and Advice Service continued to be a central commitment of Age UK Manchester accepting referrals from Community Mental Health Teams, GM Fire Service, Sheltered Housing Schemes, NHS Hospitals, Adult Social Care, as well as direct approaches from individuals and family members.

Early on in the pandemic, the service quickly transformed from nearly 100% home visit and appointment based to operating entirely over the telephone and email. The team remained committed to continuing to provide a quality of service to older people and their carers in the City of Manchester local authority area, providing information and signposting services as well as casework for those experiencing difficulty with problems relating to Welfare Benefits, Social Care and Housing and non-consumer credit debit.

Grant funding was again received from Eon Warm Homes Age UK Partnership to provide Benefit Entitlement Checks and increase awareness of access to benefits to avoid fuel poverty.

For the financial year under review the service helped to secure additional benefits valued at over £925,216, including £393,787 in Quarter 1 of 2020/21, a record amount secured by the team in any one quarter. This is of particular note as this period covered the start of the pandemic when the teams were only just coming to grips with adapting the service to continue to meet clients' needs.

Counselling: The Counselling Service continued to help a substantial number of older people into recovery with the help of either a qualified or an in-training Counsellor delivering one-to-one Counselling sessions, using either "person centred" or "integrated" approaches.

The Age UK Manchester Counselling Service (funded by the NHS as part of a mental health contract that also covered day care provision at our day centres in Openshaw and in Gorton) has retained its distinctive focus, using the "GAD 7" (screening questionnaire for anxiety) and "PHQ 9" (screening questionnaire for depression) alongside "CORE 1 O" (Psychological Outcomes Measure). Clients who would be suitable for "IAPr compliant therapies were referred into the relevant services provided by other agencies.

Similar to the Advice Service, the Counselling Service operated entirely over the telephone during the pandemic, where previously it was through face to face appointments either at Age UK Manchester community buildings or via home visits, particularly for those who are housebound or who find it difficult to travel. Prior to the pandemic, the service remained unique in being able to provide sessions in client's homes.

99 clients were supported to explore and understand problems such as stress, anxiety, depression, bereavement, trauma, loneliness and ill health, with 863 session being provided. Sixty-five per cent of referrals were from Self Help Services referral hub; 12% were self-referrals.

2. Contract Care

Home care and residential care services are registered with the Care Quality Commission (CQC) and are rated "Good". The day care (monitored and inspected by NHS and Manchester City Council staff) is managed as if it were subject to the CQC regime.

Residential Care at Holmfield

The challenge for care homes in the year under review has been well documented in the media. The staff team at Holmfield have shown great commitment to keeping the residents safe and happy under really difficult circumstances. The lack of visitors to the home during most of the year under review has been hard for the people who live at Holmfield and the staff have done everything they can to reassure, support and entertain people while continuing to provide high quality care.

For the management team at Holmfield, the year has been full of constantly changing guidelines, staff shortages and new working practices - all met with professionalism and never losing sight of the fact that the safety and wellbeing of the residents was paramount.

The additional costs of providing the service at Holmfield in terms of staff training, provision of protective equipment and payments to staff who were required to isolate, has been offset to some extent by government "Infection Control Grants." These grants have also been available for home care and day care services.

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Day Care Services

In the year under review, radical changes had to be implemented at short notice to support older people during the pandemic. These changes included changing the focus of the charity's day care centres almost "overnight' into emergency response centres for older people. In partnership with a host of local food suppliers, the charity provided emergency food support, collected shopping and prescriptions and provided doorstep and telephone support for older people who were isolated and fearful of leaving their homes. This work identified some older people who were previously in receipt of no services and it is a positive outcome of the pandemic that in some cases, the charity has been able to extend additional support and advice to these individuals that has made their day to day lives more comfortable for the future.

The Emergency Response work was carried out by the day care teams in addition to providing day to day support for the older people and their carers who would normally have benefitted from a day care service. Recognising that the disruption to services was having a negative impact on older people and their carers, Age UK Manchester were one of the first Age UK partners nationally to safely reopen their doors to day care clients in June 2020 and have remained committed to operating "business as usual" throughout the year under review, whenever local restrictions allowed. Funding from Manchester City Council and the NHS (for Openshaw and Gorton Day centres) continued during the year under review in recognition of the continuing support offered to clients and their families, even when services could not be building based.

The work that the Day Care teams have carried out was very much "front line" and gave a very stark reminder of the issues that older people have faced this year. In some cases, it has translated into financial and practical support for Age UK Manchester, allowing the charity to sustain and further develop its work.

Between 1 April 2020 and 31 March 2021:

An average of 17,053 contacts a month were made between the charity's services and older people and their carers.

Towards the end of the year under review the charity was planning the move of its Gorton Day Care Centre to the new centre at Brunswick Village.

Discussions continued throughout the year with potential funders and Manchester City Council about the redevelopment of the Crossacres Centre but the need to prioritise the safety and wellbeing of the people the charity cares for and the need to maintain, at all costs, the services older people have relied on so heavily during the year had meant that this issue had not yet been significantly moved forward.

During the year under review the charity has more reason than ever before to be grateful for the support of corporate partners and local businesses that have offered tremendous support to its Emergency Response work during the Pandemic. Their support has allowed the charity to make a huge difference to the lives of older people in Manchester, whether it be through fundraising or regular donations of food and supplies.

Manchester's office of Ecclesiastical Insurance continues to offer a wide range of support to the charity through fundraising and volunteering days, carried out mostly at our day care centres.

Home Care Services

During the year under review the charity's home care teams have stepped forward to help older people and their families through some very difficult and worrying times. Having the flexibility to quickly adapt to new working practices and the courage and confidence to tackle the challenges presented by the pandemic head on, has allowed older people to get the consistent, reassuring support they needed at home and in some cases has allowed older people to have their preferences honoured and respected at end of life.

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Staff have been called upon time after time to provide services, often at short notice, to older people awaiting discharge from hospital. Some of these clients have had a positive Covid result but the teams have grown in terms of their knowledge and skills in managing the risks associated with the virus and their commitment to offering holistic support to people under really difficult circumstances is a huge credit to them.

During the year under review the charity has continued to have home care commissioned by Manchester City Council and by the NHS on a spot purchased basis. Some care has also been purchased privately by older people and their families.

During the year, some problems with the new payments system at Manchester City Council have been worked through, allowing us to make significant progress in speeding up payments and collecting outstanding debts. Towards the end of the year under review, plans were being made for a third registered home care service to be based at Brunswick Village. The additional service would link in with other proposed services at this location and seek to address an identified shortage of available home care in the Brunswick locality.

3. Ageing Well

During the year under review the charity has made a commitment that this work would not stop.

The way activities were delivered and friendship networks were supported looked very different in some cases but its commitment to ageing well work remained strong and focussed.

A diverse range of ageing well activities continued during the year, some delivered at home in terms of activity packs, Zoom sessions or supportive befriending calls.

The charity has retained its commitment to giving practical opportunities for older people to learn, pass on their skills, socialise, improve their fitness and generally enhance their quality of life. The focus of all the ageing well work was to encourage older people at every opportunity to be ambitious and focussing on what could still be achieved rather than what was no longer possible. Wherever possible the idea was promoted of older people as the experts, able in a very positive way to demonstrate talent, skill and capability. In the year under review it has been more important than ever before that older people have support, friendship and opportunities to be engaged and creative.

Some examples of how ageing well work has continued during the pandemic are outlined below.

The 'Out in the City' group has long been recognised nationally as an example of an innovative and valuable service for older lesbian, gay, transgender and bisexual communities in and around Manchester. Membership has grown recently, as has local and regional recognition of the group's contribution to the wider LGBT community. During Covid, the group provided mutual support to one another with regular telephone calls and met in person when restrictions allowed.

Funding from Greater Manchester Mental Health to establish an exercise session for older people in North Manchester at our Harpurhey Shop had allowed for a qualified sessional worked to deliver to chair-based exercises and this soon led to twice weekly sessions and further funding from the Neighbourhood Health Teams.

During Covid, weekly exercise sessions continued over Zoom, along with weekly phone calls and support with shopping. By June 2020 with easing of the lockdown, the session moved to outdoor space at the nearby Greater Manchester Mental Health Wellbeing Centre. With the second national lockdown in November 2020 the sessions returned to Zoom.

A newly established craft group had become a popular draw in the North Manchester community. Links with other local groups were established and joint workshops sessions were given by members to share and learn new skills. Funding from the Neighbourhood Investment Fund enabled the group to purchase essential items of equipment and the group explored ways to make their sessions sustainable, including selling crafts at local fairs.

During Covid, the Craft Group were unable to meet and contact was maintained through a mixture of telephone calls and messaging. Funding that was to be used for a day trip was used to purchase activity packs and these were delivered to members to keep them stimulated and connected whilst helping with their mental wellbeing.

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PRAGMA

The Planned Retirement Association of Greater Manchester (PRAGMA) continued to seek out opportunities to develop and deliver its services. Becoming a member of the Greater Manchester Chamber of Commerce provided the platform to promote PRAGMA to a wider audience.

Prior to Covid, discussions were underway to hold a course with a range of employers. However, during Covid, all face to face sessions ceased. In its place, an online course was created by Mark Bloomfield, which was successfully delivered four times.

4. Shops

The Charity benefits enormously from the generosity of donors to its shops and during the year under review, although shops faced some significant periods of closure due to the pandemic, the public have continued to support the charity's work by dropping off donated items at its day care centres.

A review of shops resulted in the closure of the Wythenshawe Shop in October 2020 (due to decline in footfall in the Civic Centre Precinct) and a relaunch of the Chorlton Shop as a "Vintage and Retro" store in the same month.

In addition to donations dropped off at the shops and at day centres, a limited capacity for collecting donated furniture, bric-a-brac, etc. has been continued. In addition to the financial contribution from shop sales, maintaining this network provides contact points for older people and their carers when seeking information, advice and assistance, making the shops a valued and visible part of the operation.

Furlough payments for staff during periods of shop closure and other business continuity grants in relation to shops have helped us to sustain our retail offer throughout the pandemic.

5. Capacity

The capacity of the Board and the Senior Team was well tested and consolidated during the year under review and suitable arrangements were put in place to effectively cope with the retirement of the Chief Executive (in June 2020).

6. Supporters

During the year under review, whilst facing the challenges presented to older people by the Covid-19 pandemic, the charity was successful in obtaining grant funding from a range of generous trusts and foundations. This vital financial support enabled the charity to maintain a resilient and flexible response to the needs of the community's older people and their carers; provided funds to cover income shortfalls due to unforeseen reduced income from charged for services and retail operations; and funded new, essential services to support older people and their carers who found themselves with no one to turn to during the pandemic.

The funders who gave us their support include:

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There are also countless other individuals, businesses and community groups who supported the charity's efforts to help older people in Manchester with donations of money, time and items to distribute in emergency parcels. These include:

The charity thanks every individual, business and organisation who supported us. Each and every donation or offer of practical help has made a really significant difference for Manchester's older people and their carers during really challenging times.

PUBLIC BENEFIT STATEMENT

The Trustees are satisfied that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.

FINANCIAL REVIEW

Review of the financial position during the year ended 30 March 2021

The results for the year, and the Charity's financial position at the end of the year, are shown in the attached financial statements.

Principal Funding Sources: Income for the year was £4,149,410, a net 10.8% increase on the previous year.

Gifts and grants for the year amounted to £180,727 (2020: £145,585) an increase of 24.1 % on the prior year. £486,694 came from statutory contracts, consistent with 2019/2020.

Of the remainder, £2,645,227 came from clients' fees and payments (mainly for home care, day care and residential care, and small amounts towards Ageing Well and Advice and Advocacy activities), being consistent with the prior year. Most of the rest was trading income from the charity shops, which declined from £397,569 in 2019/20 to £136,678 due to the impact of the Covid-19 lockdowns along with furlough income of £128,204 and other Covid-19 support grants of £567,166.

Principal Expenditure Items: At £3,969,673, expenditure was up 5.3% on the previous year, of which £3,044,858 (76.7%) went on employee costs. Charitable expenditure and its associated support costs constituted 91.7% of total expenditure during the year.

The cost of generating funds (8.3%) consisted almost entirely of charity shop costs.

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GRANT MAKING POLICY

Grant making is not a material part of the Charity's activities.

RESERVES POLICY

Net assets at the end of the financial period amounted to £685,783 equivalent to 17 .3% of annual revenue expenditure (13.4% in 2019/20).

Readily accessible unrestricted reserves at the end of the financial period were at a level equivalent to just under seven weeks unrestricted expenditure, below the three months level that the Board consider to be the minimum target for the organisation. The Board continues to review and prioritise the Charity's operations with a view to achieving a healthier financial position.

PLANS FOR FUTURE PERIODS

No one can predict to what extent the charity's services will be further affected by the Covid-19 crisis in the coming months but the charity has demonstrated the flexibility and commitment of its staff and volunteers and the resilience of its services during the year under review. The charity is confident that it is able to access the range of information, support and care that clients need, and in the settings where and when such services are needed. In particular, plans for the future include:

DISCLOSURE OF INFORMATION TO AUDITORS

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditors are aware of such information.

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AUDITORS

A resolution to re-appoint Jackson Stephen LLP as auditors will be proposed at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Registered office:

First Floor 20 St Ann's Square Manchester M1 5FW

Signed by order of the Trustees � Chairman

Approved by the Trustees on 15 November 2021

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STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and the Group and the incoming resources and application of resources, including the net income or expenditure, of the Group for the year. In preparing those 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 the Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE CONCERN MANCHESTER

Opinion

We have audited the financial statements of Age Concern Manchester for the year ended 30 March 2021 which comprise the consolidated statement of financial activities, the group balance sheet, the company balance sheet, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting 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 group's and the parent charitable company's affairs as at 30 March 2021 and of the group's incoming resources and application of resources, for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; 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 standards are further described in the Auditor's responsibilities for the audit of the accounts 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 accounts 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 evidence 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 statement 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 charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE CONCERN MANCHESTER-Continued

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

Matters on which we are required to report by exception

In the light of the 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.

Wehave nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the Trustees

As explained more fully in the Statement of Trustees Responsibilities, the Trustees, who are also the directors of the charity for the purpose 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 ttie 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 charity'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.

Auditor's responsibilities 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 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE CONCERN MANCHESTER-Continued

Based on our understanding of the charitable company and sector, we identified that the principal risk of non-compliance with laws and regulations related to, but were not limited to, the Companies Act 2006, employment, pension and health and safety legislation and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006.

We evaluated managemenfs incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to management bias in accounting estimates and judgements.

Our procedures to respond to risk identified included the following:

We also com unicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limita ons in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non­ compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatem nts that arise due to fraud can be harder to detect than those that arise from erro as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: http://www.frc.org.uk/auditorsresponsibilities. This description fonns part of our auditor's report.

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AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF AGE CONCERN MANCHESTER-Continued

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 to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a bodv. for our audit work, for this report, or for the opinions we have fanned. f a,ftr,,__ Sl["f]["" ] [LlR]_

Peter Atkinson F.C.A. (Senior Sta utory Auditor) for and on behalf of Jackson Stephen LLP

23/11/2021

Chartered Accountants Statutory Auditor

James House Stonecross Busines Park Yf!NI Tre Way Warrington Cheshire WA3 JD

15

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 MARCH 2021

Totl funds Totl funds
Unrestricted Restricted Year to Year to
Funds Funds 30 March 2021 30 March 2020
Not £ £ £ £
Incoming Resources
Incoming rsources from generatd funds:
Voluntar income
Activities fr generating funds		 2
3		 31,408
124,851		 16,541 31,408
141,392		 101,070
478,509
Investment income 4
Incoming rsources from
charitble activities:		 5
Advice and advocacy 21,919 57,558
79,477		 97,459
Ageing Well 5,786 40,530
46,316		 51,212
Day care
Home car
Residential car		 483,341
1,805,561
719,112		 146,758
630,099
1,805,561
719,112		 684,191
1,568,902
765,046
PRAGMA 675 675 7
Other Covid-19 suppor
Furlough incme		 567,166
128,204		 567,166
128,204
Totl incoming rsources 3,887,38 262,02 4,149,410 3,746,396
Resources exeended
Cost of generting funds:
Costs of generating funds 7 313,126 15,441 328,567 398,186
Net incoming rsources available
for charitble application		 3,574,222 246,621 3,820,843 3,348,210
Cost of charitble activities:
Advic and advocacy		 8 78,929 57,558 136,487 145,510
Ageing Well 46,762 40,530 87,292 75,008
Day care
Home car		 706,038
1,774,757		 121,811 827,849
1,774,757		 882,885
1,509,858
Residential care 807,959 807,959 749,562
PRAGMA 6,762 6,762 7,972
Totl charitble expenditure 3,414,445 226,661
3,641,106		 3,370,795
Total rsources expended 3,727,571 242,102
3,969,673		 3,768,981
Net incoming/(outgoing) rsources 159,777 19,960
179,737		 (22,585)
Oher rcognised gains/(losses):
Revaluation of tangible fxed asset		 25,000
Net movement in fnds 159,777 19,960
179,737		 2,415
Fund balancs at 30 March 2020 482,028 24,018 506,046 503,631
Fund balances at 30 March 2021 22 641,805 43,978 685,783 506,046

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

16

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES GROUP BALANCE SHEET AS AT 30 MARCH 2021

Note
Intangible fixed asset
14
Tangible fixed assets
15
Current assets
Stock
Debtors, prepayments and
accrued income
17
Cash at bank and in hand
Creditor: amount falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditor: amount falling due
ingreater than one year
19
Net asset
Fundsemployed
Unrestricted
Restricted
22
22		 30 March 2021
30 Marh 2020
£
13,265
325,428
332,526
671,219
( 506,023}
£
4,815
1,094,791
1,099,606
165,196
1,264,802
{579,019}
685,783
641,805
43,978
685,783
{
£
13,265
360,464
14,986
388,715
333,413}
£
4,815
1,064,949
1,069,764
55,302
1,125,066
{619,020}
506,046
482,028
24,018
506,046		 30 March 2021
30 Marh 2020
£
13,265
325,428
332,526
671,219
( 506,023}
£
4,815
1,094,791
1,099,606
165,196
1,264,802
{579,019}
685,783
641,805
43,978
685,783
{
£
13,265
360,464
14,986
388,715
333,413}
£
4,815
1,064,949
1,069,764
55,302
1,125,066
{619,020}
506,046
482,028
24,018
506,046
482,028
24,018
506,046

companies subject to the small companies regime within Part 15 of the Companies Act 2006. These financial statements have been prepared in accordance with the provisions applicable to

Approved for issue on 15 Nove1[�] � Honorary TreasurerR. Zoltie Chair Company Registration No. 04075099

17

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

COMPANY BALANCE SHEET AS AT 30 MARCH 2021

Note
Intangible fixed asset
14
Tangible fixed assets
15
Fixed asset investments
16
Current asset
Stock
Debtor, prepayments and
accrued income
17
Cash at bank and in hand
Creditor: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Creditor: amount falling due
in greater than one year
19
Net assets
Funds employed
Unrestricted
Restricted
22
22		 30 March 2021
30 March
£
13,265
325,423
332,526
671,214
{506,023)
£
4,815
1,094,791
5
1,099,611
165,191
1,264,802
{579,019)
685,783
641,805
43,978
685,783
£
13,265
351,097
14,986
379,348
{324,051)		 2020
£
4,815
1,064,949
5
1,069,769
55,297
1,125,066
{619,020)
506,046
482,028
24,018
506,046
671,214
{506,023)

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

----- Start of picture text -----
Approved�'$ on 15 November 2021
�" __ _
R.Z,,ltt Chair ..
Honorary Treasurer
Company Registration No. 04075099
----- End of picture text -----

18

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES CONSOLIDATED STATEMENT OF CASH FLOWS AS AT 30 MARCH 2021

2021 2021 2020
Note £ £ £ £
Cash flows from operating
activities
Cash generated/(absorbed)
from operations		 27 458,257 (33,091)
Investing activities
Purchase of tangible fixed assets (54,927)
Proceeds on disposal of fixed assets 500
Net cash used in investing activities (54,427)
Financing activities
Repayment of bank loans (40,001) (7,036)
Net cash usedinfinancing activities (40,001) (7,036)
Net increase/(decrease)incash and cash
equivalents		 363,829 (40,127)
Cash and cash equivalents
at beginning of year (31,353) 8,744
Cash and cash equivalents at end of year 332,476 (31,353)
Relating to:
Cash at bank in hand 332,526 14,986
Bank overdrafts included in creditors
payable within one year		 (
50)		 (46,339)
332,476 (31,353)

19

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 MARCH 2021

1 Accounting policies

Charity Information

Age Concern Manchester is a private company limited by guarantee incorporated in England and Wales. The registered office is First Floor, 20 St Ann's Square, Manchester, M2 7HG.

1.1 Accounting Convention

The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practise applicable to charities preparing their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The accounts are prepared in sterling, which is functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

1.2 Going Concern

The Charity's trading activities, together with the factors likely to affect its future development, performance and financial position are set out in the Trustees' report on pages 1 to 10. The Charity meets its day-to-day working capital requirements through its overdraft facility.

The Charity's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the Charity should be able to operate within the level of its current facilities.

The Trustees therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Basis for consolidation

The consolidated financial statements comprise Age Concern Manchester, its subsidiary charity PRAG MA, and its trading subsidiaries, Age Concern Manchester Trading Co. Ltd and Age Concern Manchester (Care) Limited, along with the non-trading subsidiaries, Age UK Manchester Trading Co. Limited, Age UK Manchester and Silver Service Manchester Limited. The results of the subsidiaries are consolidated on a line by line basis.

The summarised Profit and Loss Account for the year ended 30 March 2021 and Balance Sheet as at 30 March 2021 for Age Concern Manchester Trading Co. Ltd and Age Concern Manchester (Care) Limited are given in the notes to these accounts.

The charity has availed itself of the provisions of the Companies Act and adapted the Companies Act formats to reflect the special nature of the charity's activities. No separate SOFA has been presented for the charity alone as permitted by Section 408 of the Companies Act 2006 and Paragraph 397 of the SORP.

20

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

1.4 Charitable Funds

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds is charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

All income and expenditure is shown in the Statement of Financial Activities (SOFA).

Investment income and gains are allocated to the appropriate fund.

1.5 Incoming resources

All incoming resources are included within the SOFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

For legacies, entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received.

Grants receivable which are not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.

Grants receivable that do relate to the delivery of a specific performance by the charity are recognised when the charity earns the right to such consideration by its performance.

No amounts are included in the financial statements for services donated by volunteers.

1.6 Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. General overheads have been allocated on the basis of direct staff wage costs.

1.7 Trademarks

Trademarks are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost less estimated residual value in equal annual instalments over their estimated useful lives.

1.8 Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset, with the exception of land, over its estimated useful life:

Freehold and leasehold buildings Fixtures and fittings Motor vehicles Office equipment

2% per annum straight line basis 15% per annum straight line basis 25% per annum straight line basis 15 - 25% per annum straight line basis

21

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

1.9 Impairment of Fixed Assets

At each reporting end date, the charity reviews the carrying amounts of its intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired.

1.10 Investments

Investments represent the Charity's cost in its subsidiary undertakings and are stated at cost less any provision for diminution in value.

1.11 Stocks

Stocks are valued at the lower of cost and net realisable value.

1.12 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.13 Pension costs

The charitable group operates a defined contribution scheme for the benefit of its employees. Contributions payable are included in the SOFA in the year they are payable.

1.14 Finance and operating leases

Rentals payable under operating leases are charged to the SOFA against income on a straight line basis.

2 Voluntary income

Voluntar income
Unrestricted Restricted Total Total
Funds funds 2021 2020
£ £ £ £
Donations and legacies 31,408 31,408 101,070

22

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 30 MARCH 2021

3 Activities for generating funds
Note
Unrestricted
Funds
£
Fundraising events
4,714
Commercial trading operations
26
Shop sales
120,137
Rent, service charges and room hire
124,851
4 Investment income
Unrestricted
funds
£
Interest receivable		 Restriced
funds
£
16,541
16,541
Restriced
funds
£		 Total
2021
£
4,714
136,678
141,392
Total
2021
£		 Total
2020
£
78,555
397,569
2,385
478,509
Total
2020
£

5 Incoming resources from the charitable activities

Advice and advocacy
Ageing Well
Day care
Home care
Residential care fees
PRAGMA
Other Covid-19 suppor
Furlough income		 Charitable
Statutory
Serice
Grants Grants and
fees
payments
£
£
£
13,709
57,558
8,210
958
40,530
4,828
134,652
388,606
106,841
1,805,561
719,112
675
567,166
128,204
844,689
486,694
2,645,227
Total
Total
2021
2020
£
£
79,477
97,459
46,316
51,212
630,099
684,191
1,805,561 1,568,902
719,112
765,046
675
7
567,166
128,204
3,976,610 3,166,817

23

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

6 Suppor cost Note Total Total
2021 2020
£ £
Premises costs 7,090 6,386
Employee costs 40,227 38,254
Vehicle costs 40 558
Depreciation 1,520 1,057
Charges and fees
Ofice costs		 44,270
20,105		 37,393
23,906
Other costs 3,436 5,364
8 116,688 112,918
7 Analysis of costs of generating funds Total Total
2021 2020
£ £
Premises costs 104,036 119,379
Employee costs 176,506 207,492
Volunteers' expenses 1,353 7,290
Insurance 361 695
Depreciation
Ofice costs		 5,956
12,776		 5,580
11,238
Other costs 675 4,806
Charges and fees 1,980 9,553
Auditors' remuneration 8,610 8,682
Vehicle costs 16,314 23,471
328,567 398,186

24

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS -continued FOR THE YEAR ENDED 30 MARCH 2021

8. Analysis of costs of charitable activities

Advice&
Not
advocacy
£
Activities underaken direcly:
Premises cost
2,292
Loan interest
Employee cost
123,570
Volunt r expenses
856
Vehicle costs
25
Deprciation
Charges and f s
1,196
Ofc cot
1,583
Other cost
1,743
Insurance
42
Suppor costs
6
5,180
136,487		 Ageing Well
£
16,594
66,368
347
1,194
26
2,763
87,292		 Daycare
Home
Residential
care
car
£
£
£
122,786
84,533
27,564
461,105 1,616,594
55,099
28,883
1,181
4,085
13,524
24,661
29,135
22,137
102,906
60,007
40,925
63,992
42,338
235
541
855
19,196
67,299
21,98
827,89 1,774,757
807,959		 PRGM
£
6,389
22
82
3
266
6,762		 Total
Total
2021
2020
£
£
226,205
211,790
27,564
35,870
2,828,125
2,537,871
856
5,147
30,458
60,807
17,609
16,950
77,129
62,267
205,503
166,972
109,267
160,203
1,702
116,688
112,918
3,641,106
3,370,795

25

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

9 Movement in total funds for the year

This is stated after charging/(crediting): Note

Total Total
2021 2020
£ £
Auditors' remuneration 8,500 8,500
Depreciation 15 25,085 23,587
Profit on disposal of tangible fixed assets 500
Stf cost
Total Total
2021 2020
£ £
Wages and salaries 2,794,589 2,572,360
Social security costs 196,211 173,199
Pension costs 54,058 38,058
3,044,858 2,783,617

10 Staff costs

The average number of full-time equivalent employees, analysed by function was:

Total Total
2021 2020
Charitable activities 162 165
Management and administration of the charity 8 9
170 174

There were no employees whose annual emoluments were £60,000 or more.

11 Pension costs

The company operates a company pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £54,058 (2020 - £38,058).

12 Truste s

None of the trustees (or any persons connected with them) received any remuneration during the year (2020 - £Nil).

26

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

13 Surplus for the financial year

As permitted by Section 408 of the Companies Act 2006 and Paragraph 397 of the SORP, no separate SOFA has been presented for the Charity alone. Relevant information is as follows:

2021 2020
£ £
Holding Charity's gross income 2,343,749 2,177,494
Holding Charity's surplus for the financial year 179,737 2,415

14 Intangible fixed assets - Group and charity

Trademarks
£
Cost at 31 March 2020 4,815
Additions
Cost at 30 March 2021 4,815
Amorisation at 31 March 2020
Charge for the year
Amorisation at 30 March 2021
Net book value
At 30 March 2021 4,815
At 30 March 2020 4,815

27

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

15 Tangible fixed assets - Group and charity

Cost at 31 March 2020
Additions
Disposals
Cost at 30 March 2021
Accumulated depreciation
at 31 March 2020
Charge for the year
Eliminated on disposal
Accumulated depreciation
at 30 March 2021
Net book value
At 30 March 2021
At 30 March 2020		 Land
Fixtures
Motor
Ofice
&buildings
& fitings
vehicles
equipment
£
£
£
£
1,875,512
128,189
107,623
114,766
8,188
46,739
(19,799)
Total
£
2,226,090
54,927
(19,778)
1,883,700
128,189
134,584
114,766
2,261,239
857,570
104,392
102,020
97,159
15,218
5,079
2,328
2,460
(19,778)
1,161,141
25,085
(19,778)
872,788
109,471
84,570
99,619
1,166,48
1,010,912
18,718
45,920
15,147
1,017,942
23,797
5,603
17,607

1,094,791
1,064,949

The net book value of land and buildings as at 30 March 2021 comprise of:

£ Freehold 886,823 Long term leasehold 124,089 1,010,912

Included in land and buildings is £381, 193 (2020: 381,193) of land which is not depreciated.

28

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

16 Fixed asset investments - Charity

Fixed asset investments - Charity
2021 2020
£ £
Cost as at 30 March 2020 5 5
Cost as at 30 March 2021 5 5
The investments held by the company represent the investment in the subsidiary companies as follows
Company Country of incorporation Shares held
Class %
Subsidiar underakings
Age Concern Manchester Trding Co. Ltd		 England & Wales Ordinary 100
Age Concern Manchester {Care) Limited England & Wales Ordinary 100
Silver Service Manchester Limited England & Wales Ordinary 100
Age UK Manchester Trading Co. Limited England & Wales Ordinary 100
Age UK Manchester England & Wales

The investments held by the company represent the investment in the subsidiary companies as follows:

Age UK Manchester is a company limited by guarantee and therefore has no share capital.

The principal activity of these undertakings for the last relevant financial period was as follows:

Age Concern Manchester Trading Co. Ltd Age Concern Manchester {Care) Limited Silver Service Manchester Limited Age UK Manchester Trading Co. Limited Age UK Manchester

Principal activity Non-trading

Care provision for under 60's and home care provision Non-trading Non-trading Non-trading

17 Debtors

Debor
Trade debtors
Prepayments and accrued income
Balance due from subsidiaries
Other debtor		 2021
2020
Group
Company
Group
Company
£
£
£
£
276,022
14,535
305,918
109,688
42,983
42,977
26,931
26,927
261,488
186,867
6,423
6,423
27,615
27,615
325,428
325,423
360,464
351,097

29

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

18 Creditors: amounts falling due within one year

2021 2020
Group Company Group
Company
£ £ £
£
Bank loans and overdrafs 44,257 44,257 90,958
90,958
Trade creditors 102,482 102,482 115,391
106,029
Taxation and social security 58,772 58,772 77,018
77,018
Accruals and deferred income 215,871 215,871 42,807
42,807
Other creditors 84,641 84,641 7,239
7,239
506,023 506,023 333,413
324,051

The bank loans are secured by way of a fixed charge over the freehold properties owned by the Charity.

The bank overdrafts are secured by way of a fixed and floating charge over the assets of the Charity.

19 Creditors: amounts falling due in greater than one year

2021
Group
Company
£
£
Bank loans
579,019
579,019
Analysis of loans
Wholly repayable within five years by instalments:
Repayable within one year
Repayable between two and five years
Repayable afer five years
44,207
226,828
352,191
623,226
44,207
226,828
352,191
623,226		 2020
Group
Company
£
£
619,020
44,207
226,828
392,192
663,227
619,020
44,207
226,828
392,192
663,227

The bank loans are secured by way of a fixed charge over the freehold properties owned by the Charity.

20 Taxation

The group is exempt from corporation tax on its charitable activities.

30

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2020

21 Financial commitments

At 30 March 2021 the group has annual commitments under non-cancellable leases as follows:

2021 2020
Land and Land and
buildings
Other		 buildings Other
£
£		 £ £
Expir date:
Within one year
Two to five years		 34,512
3,356
138,048		 47,845
138,048		 40,287
3,356
Over five years 69,024 103,536
241,584
3,356		 289,429 43,63
2
Statement of funds
At 30 March
Income		 Expenditur At30March
2020 2021
£
£		 £ £
Generl rsere
Unrestriced funds		 482,028
3,887,348		 (3,727,571) 61,805
Restrictd funds
Big lotter (Ageing Well Grant)		 40,530 (40,530)
Awards for All - Holmfield Kitchen 7,850 (200) 7,650
PRAGMA
Advice and Advoccy		 9,857
675
57,558		 (6,762)
(57,558)		 3,770
Reach Fund 2,000 2,000
Minibus 3,500 (3,500)
Film club grant 811 811
National Lottery 114,905 (114,905)
CAF Bank Funding
Wythenshawe Parnership Program		 12,555
2,000		 (12,555)
(2,000)
The Mark Benevolent Fund 32,739 (4,092) 28,647
Manchester wellbeing fund 500 500
Community Older People Fitness 600 600
Classes
24,018
262,062		 (242,102) 43,978
506,046
4,149,410		 (3,969,673) 685,783

22 Statement of funds

The general reserve represents the free funds of the charity which are not designated for particular purposes.

The 'Awards for All' fund carried forward at 30 March 2021 represents funding received in previous years for kitchen improvement works carried out at the charity's residential home. The expenditure seen during the year relates to a proportionate release of this against depreciation charged on these assets.

31

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

22 Statement of funds (continued)

The PRAGMA grant was received in 2018 from the North East Pre-Retirement Association for the furtherance of planned retirement in the Greater Manchester area and the North West of England more widely.

The Advice and Advocacy grant was received in the year and was for the provision of benefits advice and forms part of the national Age UK delivered programme funded by Eon.

The Reach Fund grant was received in the previous year to assist the Charity with its capability and feasibility studies when reviewing its ability to continue to provide and expand its services in the future.

The minibus and Mark Benevolent Fund grants represent funding received for a new minibus. The expenditure seen during the period relates to a proportionate release of this against depreciation charged on this asset.

The National Lottery and CAF Bank Funding was received in the year to assist the charity through the Covid19 pandemic.

23
Analysis of group net asset beteen funds
Unrestricted
funds
£
Fund balances as at 30 March 2021 are represented by:
Intangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Long term liabilities
{
{
4,815
1,058,494
663,538
506,023)
579,019)
641,805		 Restictd
funds
£
36,297
7,681
43,978
{
{
Total
2021
£
4,815
1,094,791
671,219
506,023)
579,019)
685,783

24 Share capital

The charity has no share capital being a company limited by guarantee. Members guarantee to contribute an amount not exceeding £1 each in the event of a winding up situation.

25 Control

The charity is controlled by the trustees.

32

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

26 Net income from trading

The company owns 100% of the shares in Age Concern Manchester Trading Co. Ltd (ACMT), which is incorporated in the United Kingdom and registered in England (Company Registration No: 02912077). The subsidiary did not trade in the year.

The company also owns 100% of the shares in Age Concern Manchester (Care) Limited (ACMC), which is incorporated in the United Kingdom and registered in England (Company Registration No: 07450714). The subsidiary provides home care services.

All income and expenditure for both the above subsidiaries has been consolidated on a line by line basis in the SOFA. The total net profit is gifted to the charity.

The accounts for the year ended 30 March 2021 have been audited and will be filed at Companies House.

A summary of the financial positions for the year ended 30 March 2021 are given below:

Profit and loss account 2021 2020
ACMT
ACMC		 ACMT
ACMC
£ £ £ £
Turnover - home care serices
Administrative expenses - home care serices		 - 1,909,805
(1,568,958)		 1,568,902
(1,509,858)
Operating proft 30,847 59,044
Other income
Profit on ordinary activities 340,847 73,758
Profits donated to Age Concern Manchester (340,87) ( 73,758)
Retained result for the year
Balance sheet 2021 2020
£ £ £ £
Current assets 84 261,488 84 210,044
Creditors - falling due within one year (84) (261,487) (84) (210,043)
Net assets 1 1
Called up share capital and reseres 1 1

33

AGE CONCERN MANCHESTER AND ITS SUBSIDIARIES

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 MARCH 2021

26 Net income from trading - continued

The Age Concern Manchester (Care) Limited figures as shown above relating to the provision of home care services have been included as home care income and expenditure in the Statement of Financial Activities and the related notes rather than commercial trading operations, to better reflect the nature of the Charity's activities.

27 Cash generated from operations
Surplus for the year
Adjustments for:
Depreciation and impairment of tangible fixed assets
Profit on disposal of tangible fixed assets
Revaluation of tangible fixed assets
Movements in working capital:
Increase in stock
Decrease/(increase) in debtors
Increase in creditors
Cash (absorbed)/generated from operations		 2021
£
179,737
25,085
(500)
35,036
218,899
458,257
2020
£
2,415
23,587
(25,000)
(275)
(151,873)
118,055
(33,091)

34