2023-03-31-accounts - Age UK West Sussex, Brighton & Hove

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Trustees					John Dixon
					Paul Allen
					Linda Dyos
					Caroline Instance
					Sam Jones
					Philip Lansberry
					Amanda Latham
					Maureen Vallon
					Peter Worster
Secretary					Helen Rice
Charity	Number				1086323
Company		Number			04146487
Registered		Office	&Principal	Address	29-31Prestonville	Road
					Brighton
					BN1 3TJ
Auditors					TC Group
					The Courtyard
					Shoreham Road
					Upper Beeding
					Steyning
					West Sussex
					BN44 3TN
Bank					CAP Bank Limited
					25 Kings Hill Avenue
					Kings Hill
					West Mailing
					Kent
					ME194JQ
					Lloyds Bank Pic
					10East Street
					Chichester
					West Sussex
					PO19 1HJ

Trustees' Report (Incorporating Directors Report)
Statement ofTrustees' Responsibilities
Report ofthe Independent Auditors
Consolidated Statement of Financial Activities	13
Consolidated Balance Sheet	14
Charity Balance Sheet	15
Consolidated Cash Flow Statement	16
Notes to the Financial Statements	17

		Unrestricted	Designated	Restricted	Total		Total
		funds	funds	funds	2023		2022
INCOME FROM:	Notes	E	E	E	E		f
Donations and legacies	3	196,459		100,106	296,565		495,413
Charitable activities	4	3,811,050		287,727	4,098,777		3,718,715
Investments	5	4,157			4,157		2,700
Total income		4,011,666		387,833	4,399,499		4,216,828
EXPENDITURE ON:
Raising funds		1,159			1,159		8,461
Charitable activities		4,272,581	88,955	439,456	4,800,992		4,490,369
Total expenditure		4,273,740	88,955	439,456	4,802,151	.	4,498,830
Net income/(expenditure)		(262,074)	(88,955)	(51,623)	(402,652)		(282,002)
Net gains on investments	12						627
Pension provision gains	23						3,000
Net movement in funds		(262,074)	(88,955)	(51,623)	(402,652)		(278,375)
Reconciliation offunds
Total funds brought forward		2,245,624	312,522	131,560	2,689,706		2,968,081
Total funds carried forward		1,983,550	223,567	79,937	2,287,054		2,689,706

				2023		2022
		Notes
FIXEDASSETS
Tangible assets Investments		11 12		1,382,663 2,884		1,370,631 2,884
				1,385,547		1,373,515
CURRENT ASSETS
Stocks Debtors		13 14	4,648 595,710		1,183 966,538
Cash at bank and in hand			686,172		973,661
			1,286,530		1,941,382
CURRENT LIABILITIES
Creditors due within one year		15	(385,023)		(625,191)
NET CURRENT ASSETS				901,507		1,316,191
TOTAL ASSETS LESSCURRENT
LIABILITIES				2,287,054		2,689,706
Defined benefit pension	scheme	23
TOTAL NET ASSETS				2,287,054		2,689,706
GROUP FUNDS		16
Restricted funds Unrestricted Designated funds Unrestricted General funds				79,937 223,567 1,983,550		131,560 312,522 2,245,624
				2,287,054		2,689,706

				2023		2022
		Notes
FIXEDASSETS
Tangible assets Investments		11 12		1,382,663 2,885		1,370,631 2,885
				1,385,548		1,373,516
CURRENT ASSETS
Stocks		13	4,648		1,183
Debtors		14	595,710		966,538
Cash at bank and in hand			677,976		965,277
			1,278,334		1,932,998
Creditors due within one	year	15	(381,441)		(621,578)
NET CURRENT ASSETS				896,893		1,311,420
TOTAL ASSETS LESS CURRENT				2,282,441		2,684,936
LIABILITIES
Defined benefit pension	scheme	23
TOTAL NET ASSETS				2,282,441		2,684,936
CIIARITY FUNDS Restricted funds				79,937		131,560
Unrestricted Designated funds Unrestricted General funds				223,567 1,978,937		312,522 2,240,854
				2,282,441		2,684,936

Cash flows from operating	activities			Notes	2023 6	2022f
Net cash used in operating	activities			18	(191,496)	(571,839)
Cash flows from investing	activities
Dividends, interest and rents from investments Purchase oftangible fixed assets					4,157 (100,150)	2,700 (36,687)
Net cash used in investing	activities				(95,993)	(33,987)
Change in cash and cash equivalents		in the	year		(287,489)	(605,826)
Cash and cash equivalents	at the beginning		ofthe year		973,661	1,579,487
Cash and cash equivalents	at the end	ofthe year			686,172	973,661
The notes on pages 17to 32 form part		ofthese financial		statements

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023	2023	2023	2022
			f	f	f	f
Charitable	activities		3,811,050	287,727	4,098,777	3,718,715
			3,811,050	287,727	4,098,777	3,718,715
Tota I 2022			3,464,001	254,714	3,718,715
INVESTMENT INCOME
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2023 f	2023 f	2023 f	2022f
Interest received			4,157		4,157	2,700
EXPENDITURE
		Staff		Other	Total	Total
		costs	Depreciation	costs	funds	funds
		2023 f	2023 f	2023 f	2023 f	2022 f
Raising funds Charitable activities		3,117,785	88,118	1,159 1,595,089	1,159 4,800,992	8,461 4,490,369
Total expenditure		3,117,785	88,118	1,596,248	4,802,151	4,498,830
			Direct	Support	Total	Total
			activities	costs	funds	funds
			2023	2023	2023	2022
			f	f	f	f
Direct costs of charitable		activities —see note 7	4,743,475	57,517	4,800,992	4,490,369
			4,743,475	57,517	4,800,992	4,490,369
Total 2022			4,394,272	96,097	4,490,369

						Direct	Direct
						activities	activities
						2023	2022
						E	f
	Staff costs Activity centre catering and Travel costs and mileage			other costs		3,117,785 276,647 75,698	3,036,931 194,520 71,437
	Agency and consultancy Other costs Conferences and meetings Office and computer costs					98,982 42,128 3,574 70,830	95,325 55,049 6,849 76,251
	Activity centre overheads					412,424	386,890
	Payments to	partners				557,289	402,404
	Depreciation					88,118	68,616
						4,743,475	4,394,272
						Support	Support
						costs	costs
						2023	2022
						E	E
	Support costs including		Governance		costs
	Staff welfare Professional	costs indemnity	insurance			13,816	16,769 534
	Professional	fees				43,701	78,794
						57,517	96,097
8	AUDITOR'5 REMUNERATION
						Total	Total
						2023	2022
						E	E
	Fees payable	to the Charity's		current	auditor for the audit	10,500	9,500

				Group and	Group and
				Charity	Charity
				2023	2022
				E	f
Wages and salaries Social security costs				2,797,147 212,138	2,733,232 196,437
Contribution	to defined	contribution	pension	97,100	95,862
schemes
Contribution	to defined	benefit pension		11,400	11,400
schemes
				3,117,785	3,036,931

he average number of persons employed by the Charit	y during the year was as follows:
	Group and	Group and
	Charity	Charity
	2023	2022
	No	No
Activity centres and clubs Other projects Administration	55 90 15	56 97 16
	160	169

ed E60,000	was:
Group	Group
2023	2022
No	No

TANGIBLE FIXEDASSETS Group and Charity
	Freehold	Office
	property	equipment	Total
Cost or valuation
At 1April 2022	1,300,000	330,465	1,630,465
Additions	8,928	91,222	100,150
At 31March 2023	1,308,928	421,687	1,730,615
Depreciation
At 1April 2022	26,000	233,834	259,834
Charge for the year	26,446	61,672	88,118
At 31March 2023	52,446	295,506	347,952
Net book value
At 31March 2023	1,256,482	126,181	1,382,663
At 31March 2022	1,274,000	96,631	1,370,631

	Listed
	investments	Total
Cost or valuation
At 1April 2022 At 31March 2023	2,884 2,884	2,884 2,884
Net book value
At 31March 2023	2,884	2,884
At 31March 2022	2,884	2,884

Charity	Investments	Listed
	in subsidiary	investments	Total
Cost or valuation
At 1April 2022		2,884	2,885
At 31March 2023		2,884	2,885
Net book value
At 31March 2023		2,884	2,885
At 31March 2022		2,884	2,885

Group		Charity
2023	2022	2023	2022
4,648	1,183	4,648	1,183
4,648	1,183	4,648	1,183

		Group		Charity
		2023	2022	2023	2022
Due within one year
Trade debtors		443,207	506,619	443,207	506,619
Other debtors			271,167		271,167
Prepayments	and accrued income	152,503	188,752	152,503	188,752
		595,710	966,538	595,710	966,538

		Group		Charity
		2023	2022	2023	2022
Trade creditors		85,334	181,263	85,334	181,263
Amounts owed to group undertakings
Other taxation and social security		127,913	252,529	127,943	252,529
Other creditors		7,018	7,095	3,403	3,481
Accruals and deferred	income	164,758	184,304	164,760	184,304
		385,023	625,191	381,441	621,578

FOR THE YEAR ENDED 31MARCH 2023
16 STATEMENT OF FUNDS -CONSOLIDATED					At 31
At	1April 2022	Income Expenditure		Transfers	March 2023
Unrestricted'general funds General funds Reserves E 2,240,854 4,770 2,245,624		E 4,011,666 4,011,666	E (4,273 583) (157) (4,273,740)	E	E 1,978,937 4,613 1,983,550
Unrestricted designated funds Our Customers Our Services Our People Our Operations Our Organisation 115,638 54,000 58,550 30,000 54,334 312,522			(58,136) (11,400) (19,419) (88,955)		57,502 54,000 47,150 30,000 34,915 223,567
Restricted funds
Broadbridge Heath Village Agent Welfare donations Arun activity centre and clubs Bereavement support Chichester activities	10,321 38,319	15,960 15,250 6,000	(15,960) (2,133) (24,201) (15,016) (6,000)		8,188 14,118 234
Burgess Hill activity centre Haywards Heath activity centre BikH dementia services	20,000 5,000	1,800 8,243 17,484	(1,800) (28,243) (22,484)
Dementia CST		29,157	(29,157)
Dementia MCST Dementia Extra care Digital Champions	5,000	73,350 39,290	(5,000) (72,817) (37,927)		533 1,363
Ernest Kleinwort Mid Sussex Ik		10,000	(6,000)		4,000
Crawley Christ's Hospital fund Crawley Borough Council Falls prevention Horsham district	2,920	10,000 15,000 21,061 56,158	(1,549) (15,000) (21,061) (56,158)		11,371
Household support fund Kings Weald Community Centre The Older People's Directory		1,150 21,000 1,000	(1,150) (21,000) (1,000)
One Family Christmas Activities Laburnam Centre refit	50,000	2,000	(2,000) (9,870)		40,130
Selsey fitness activities Tackling inequalities Walking football Workforce grant The Hope Keith Trust	131,560	2,400 1,473 5,360 3,000 31,697 387,833	(2,400) (1,473) (5,360) (3,000) (31,697) (439,456)		79,937
Total funds 2,689,706		4,399,499	(4,802,151)		2 287 054

ANALYSIS OF NET ASSETS BET Analysis ofnet assets between	WEEN FUNDS funds —current period
	Unrestricted	Designated	Restricted
	funds	funds	funds	Total funds
	2023	2023	2023	2023
	6	E	E	E
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	1,382,663 2,884 983,026 (385,023)	223,567	79,937	1,382,663 2,884 1,286,530 (385,023)
	1,983,550	223,567	79,937	2,287,054
Analysis ofnet assets between	funds —prior period Unrestricted	Designated	Restricted
	funds	funds	funds	Total funds
	2022	2022	2022	2022
	6	E	E	E
Tangible fixed assets Fixed asset investments Current assets Creditors due within one year	1,370,631 2,884 1,497,300 (625,191)	312,522	131,560	1,370,631 2,884 1,941,382 (625,191)
	2,245,624	312,522	131,560	2,689,706

18	RECONCILIATION OF NET MOVEMENT	RECONCILIATION OF NET MOVEMENT	RECONCILIATION OF NET MOVEMENT	IN	FUNDS TO NET CASH FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
						Group	Group
						2023	2022
						E	f
	Net income/expenditure	for	the period	(as per SoFA)		(402,652)	(278,375)
	Adjustments for:
	Depreciation charges					88,118	68,616
	Profits/(losses) on investments						627
	Dividends, interest and	rents				(4,157)	(2,700)
	Pension provision movement						3,000
	(Increase) / decrease in	stocks				(3,465)	993
	(Increase) / decrease in	debtors				370,828	(824,280)
	Increase / (decrease) in	creditors				(240,168)	460,280
	Net cash provided by/(used		in) operating		activities	(191,496)	(571,839)
19	ANALYSIS OF CASH AND	CASH EQUIVALENTS
						Group	Group
						2023	2022
						f	f
	Cash in hand					686,172	973,661
	Total cash and cash equivalents					686,172	973,661
20	ANALYSIS OF CHANGES	IN NET DEBT
					At 1April	Cash	At 31
					2022	flows	March 2023
					E	E
	Cash at bank and in hand Bank overdrafts repayable	on demand			973,661 (2,260)	(287,489) 1,359	686,172 (901)
					971,401	(286,130)	685,271

	2023	2022
Discount rate for scheme liabilities	4.85	2.80
Expected rate ofsalary increases	N/A	N/A
RPI inflation assumption	3.25	3.60
CPI inflation assumption	2.45	2.80
	2023	2022
Mortality rates (in years) For a male aged 65 now At 65for a male aged 45 now	Years 21.8 23.1	Years 22.1 23.1
For a female aged 65 now	23.8	24.5
At 65for a female aged 45 now	25.2	25.6

The Group's share	The Group's share	ofthe assets
			2023	2022
			E '000	E '000
Equities			32	75
Diversified	growth	fund	17	56
Property			46	43
Cash and other liquid assets
Matching assets/bonds			248	268
			354	447

The current service cost	in the year 611,400 (2022 -f11,400).
		2023	2022
Fair value of plan assets Present value offunded	liabilities	E '000 354 (332)	E '000 447 (419)
Surplus / (deficit)		22	28
Deficits only recognised	in the SoFA