Registered number.. 03768527 Charity Trumber: 1086862 AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED (A company limited by guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 'A(15483S' 2011212023 COMPANIES H(JJSE
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AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) CONTENTS Page Reference and admlnlstrallve detslls of the Company. Its Trustees and advisers Trustees, report Independent auditors. report on the financial statements Statement of financial activitie5 8-11 12 Balance sheet 13 Statement of $h flOS 14 Notes to the financial ststements 15-21
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) REFERENCE ANO AOMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENOED 31 MARCH 2023 Directors GAFSrnith D R Hodgen A P Donovan Company registered number 03768527 Charity registered number 1086862 Registered office Lansdovdme HcHJse 113 Princess Road East Leicester LE17LA Company secretary SPat Auditor Mazars LLP Chartered Accountants ststutory Audi(or 6 Dominus Way eridian BLinesS Pa Leicester LE19 1RP Banke Barclays Bank PIC PO Box 1500 Dominus Way MerKlian Business Park Lester LE19 1RP pe1
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED IA company Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Structuie. govemance and managemenl a. Constltution The trustees who hekl office duriThJ the financial year and at the date of this report are set out on page 1. The trustees are drawn fr¢Jm the trustees of the charitys controlling boty, Age UK Leicester Shire and Rulland Limrted. On appointment new trustees 8re invited to altend trustee training courses and are given a strLKtured induction and xtivilie5 along with those of the holding charty company. The finance and resources committee of Age UK Le1$ter Shire and RLrtbnd Limited lakes speck81 interest in the finances of the company. and in tum. reports lo the main body of Iruslees and the Twstee Board of the parent charrty. The slalutory directors of the charity are- Mr G F Smrth- trustee Mr D R Hodgen (resigned 4 Septenthr 2023)- trustee Mr A P t)onovan- executrve director The charitys Chief ExecutNe, Mr A P Donovan. is responsible for the day to day operation of the company. this responsibility is delegated to Ms Connor (Head of Home care and Support ServiS), who then manages the staff on behalf of the trustees and S Patel (Finance Dire¢torl manages financial and administrative functions. Remuneration for key rnanagement personnel is set by the parent ¢harty in line with the parent charity methodology for setting pay. The Company provides deaning arKJ personal care SerS lo okjer people in the community. The cfient5 are assessed ès having a "need" as the perfomiance of such routine tasks would cause them pain or discomfort. Most worl( is privatety commisSned by the dient's themselves, although in some cases. relètives, social seNices or similar will pay for Ihe woth. Cleaners and ¢8r$ in the field a managed on a team basis by Coordinors. who are in turn supenrised by the Homecare Management. A sPIte sitting service operates through the MpanY. provKling respite care to the eldedy and infirm. and thus granting periods of relief to the clients, full lime carers. This work was originally commi55ioned by Leicestershi County Council Social Services Department, but increasingty is being commissioned by private clnts. Handyman, pract1 services and gardening operatwjns provhle much needed support to clients prowding repairs and small home improvements. along wrth gardening services to those clients that due to 3Je. disabilty, or infirmity would not be able to compkte such tasks on their IP behaw. The systems of financial control are deSned to provide reasonable bul not absolute assurance against material misslalemenls or k)ss. They include.. A Ihree-year strategy plan An annual budget approved by the execLrtive commrttee (board of Irusleesl of the pant charity Regular monitoring of actual resuhs against budget and forecasts Strict lines of delegation of aulhority to managers Segregalv)n of staff duties The charity raises most of its fvnds through charges for tts semces. L)ortations and grants are PerrGallY received from various funding bcKlies. The charity does not fundraise. Page 2
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Structu1¢. governanu and management In11ned) b. Risk managemenl All work conwnissioned subJ"eLt to an inrtl rFsk assessment. Nearty all appointments take place in the ¢lients' home or garden. Before arry work is undertaken. a trained senKr employee visils the premises lo." Assess the need for the services by the prospective se recipienl.. and Carry OLtt a risk assessment of the premises for the benefit or both caTer and dienl No regular schedule of appointments will rnMence wrthoul such assessment taking pLgce. The major ongoing risks are operational and are 1dentrf as those that may have a svJnificanl effect on.- Performance of the charity to deliver its serwces bn line wrth primary aims and obiethves The charitys ability to meet the high expectaltons of carers and dients The health and safety of staff and clients The impact of Covid on demand and suppty of services The trustees, through the manMent. I7eW these risks on an ongoing basis. Systems and pr¢)cedUS are in place to miligale the risks idenlrfied and in some cases nsks may be mrtBJated by insurance. The follwng structures and procedures are in pe to ensure potents.al risks are mth"galed.' Monthly Home Help management meetings Regular superw5ion of carers Mandatory Irainirhg for carers Monlhty financial report5 to Home Hdp Management A clear structure of delegated authorty and control A software rostering managemenl system maintained by independent 50ftware specralists month billing, debt ¢hasing and financial procedures_ A continuing remew of key systerns and procedu through inlemal audil arrangements Mernbership of 8ppropriate Homecare organisaltons Regular meetings and reviews wlh trustees via the sub-committee structure Regular discussions with other Age UK brand partners provKIg 8 simir seryice ¢. Financlal Instruments The u)mpany does 1 livety use fnancial instruments as part of its finanal risk management and bs not exposed to credit risk or cash llow risk associated wrth selling on credit. The nature of rts finanaal instruments means th* they are not subject lo Snlcant prte rbsk or liquidty risk. Page 3
AGE UK LEICESTER SHIRE AND RUTLAND HOIAE HELP UMITED IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2023 Structure. governance and management Iconlinued) d. Activities for achieving obie¢tt¥es Age UK Lei¢ester Shire & Rutland HrArte He Limited is a r)n govemmentsl. non religious, non political organisation established in May 1999. The MenrandUM and articles of association which were amended on 18 December 2016, list the main objects as.. To promote the relief of older, sick or disadvantaged people in any manner which now or hereafter may be deemed by law to be charitsble in and around Lerester5hire. Rutland and adjoining counties. To promote other Charitsble benevolent and philanthropi¢ purposes in and around the area of benefit_ The charity provides Home Help serwces and undertakes routine domestic tasks for ekledy persons in the aa for whom such tssks would cause them pain or discomfort. The serwces GUentlY prowded indude. Domestic cleaning Personal care serwces Shopping Training Re5Plte seNices Handyman scheme and practical serWces-simp repaifs and Installat)n of disabilty aids Gardening SeeS Personal assistant servus The trustees are of the Op>n)n that all the pufFseS of Age UK Leicester Shire & Rutland Home Help Lirnifed are ¢or the benefit of the publ. The trustees consider that they have complied with their dUtS under seGtion 3 of the Charities Act 2011 lo have due regard to publr tnefrt guidance published by the Charities Commission. Achlevements and perfomiance . Revlew of adlvhies 202212023 23.618 759 14.510 38.887 473 202112022 24,606 972 13,059 38.637 451 74 Hours of cleaning ¥pts Hours of Respite Care Hours of Personal Care, ShoppirwJ & Other Total care Hou Average monthty dients Average monthly carers b. Financial review During the yeaf the charity raL8ed £1,056k {2022 £908kl through direct service provision and reiVed £40k 12022 - £125k) through grants arKI other incoff. The year ending 2023 saw a stgnifi¢ant decrease in grant income in particular as a resutt of the various govemmenl schemes put in place to support organisation5 through Cow'd in the pr*)r year. Chatitable actiwties increased as a of most servvs resumed following Covid restrttions. Operational costs were £1.095k12022- £1.051kl. being the direct o)sl of seNice delNery. Fund balarbces ¢arrie¢J fOard at 31 March 2023 we- £1k12022- £Ok). Margins been what is charged arKI direct costs have narrowed over recent yeaTr. The introduction of and the f the national INing wage. workplace pensions and increasing empk)yerfs national Insura payThents have caused the contribulion towards core cosls tTho iminis onaper ourtliargedtssis. Page 4
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Achlevements and perfomiance lcontlnuedl c. Plans for the future The Management rwe4¥ Ihe annual plan of Ihe charity in the autumn of each year and have identffied Ihe main objectives as being" To expand the seICe and thus make it availab in all parts of Lewter. Leicestershire and Rutland. To make the serwce financolty sell sustsining. To continue lo support the carers by offering gocd rates of pay. full and appropriate Iraining. encourage the achievement of applied qualffications and to provide a tareer development path for those who desire To maintain a high quality. compelitivety priced. value for money service lo the clients and funders. To further develop the 50ftware and assttialed sy31ems lo improve operational efficiencies and lo Utlse technological advances in computing and mobile telephony to enhance communications with carers in the field and to improve appointment scheduling. rrKJnitoring and recording. To expand the handyman, practical services and gardenirrfJ operations. To re51ruclure and devek)p the inlemal management of the company lo cater for changes in the volume of and {eS of services offered. d. Reserves policy 11 is the trustees aim to carry sufficient Iree reserves in the Age UK Leicester Shire and Rumand Limited Group lo cover its working capitsl quIrements. A minimum of six months costs have been targeted at group level so that should all income starn5 cease. the charity group woukl be abk to pay off all debts and commitments and continue to operate whilsl serwces were wound down_ Before the. it was foreseen that the company would retum to a near break even position, due to a fe struclunng of management and administration staff at the core, review and increase in sales prw and the development of new servus such as footcare. Ullimalety il is planned to buikl up sUfficnt reserves to provKle for six months cperating costs as a standalone entity. The pandemic and Ihe resullanl effect on the local economy has in the short and medium term seriously affected future planning. The current poIY remains lo retum Ihe Home Help enterprise to profitsbility and thus to then build up reserves. e. Going concern The trustees review the level of reserves at the finance and resources commrttee on a monthty basis, through the consolidated group management accounts and the irxlividual Home Help Company management accounts. It is recognised that to continue as a going concem, the company is reliant upon the support of the holding company. The Home Help company delivers primary purpose serwices on behalf of the holding company and as such the Ifustees of the hokling company have pledged lo continue to support the operations of the subsidiary entity. f. Investment policy The trustees have considered the way in Vthh the company irwests its funds and considers the rnosl approprte approach is for the fvnds to be held in bank xcounts where the money is readity available. Page 5
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED (A company limited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Financial r•vi•w Structiire* governance and management ststement of Trustees. responsibililieg The Trustees (who a also the Directors of the Company for the purp¢)ses of company law) 8re Sponsible for preparing the Trustees, port and the financial statements in accordance vilh applicable law and United Kingdt)m Accounting Standards IUnf(ed Kingdom Generalty Attepled Accounting Practice). Company Iw requires the Trustees to prepare financial Ststennts ft)r each fina01 . Under company law. the Trustees must not approve the financial slalements unless they are sa11sf that they give a true and fair view of the slate of affairs of the Company and of rts incoming $oUr¢e$ and applicatK>n of sourCes, incI11ng its irrne and expenditure. fof that period. In preparing these financial statements, the Twslees are required lo.. select suitsble )Untirj pol aNJ then appty th consistent. observe the melh¢)Js and principles of the Charities SORP {FRS 1021., make judgments and accounting estimate5 that are reasonable and prudent." stale whether appluble UK Accounting Standards (FRS 1021 have been followed. subject lo any material departures disdosed and explained in the financk31 statwnents.. prepare the financral statements on the gory concem basis unless it is inappropriate to presume that the Cornpany will continue in business. The Trustees are responsible for keeping equate ace4wnting reccrtds that are suffiCnI to show and explain the Companls transactions arKI disclose wrth reasonable accuracy * any time the financial position of the Company and enable them to ensure that the financial statements comply wth the Companies Acl 2006. They are also responsible for safeguarding the assets of the Company and hen for taking reasonabie Steps for the prevention and deteCtn of fraLKI and other irregularibes. Disclosure of inforniation to audito E8ch of the persons who are Tnjstees at the hme when this Trustees, report is approved has confiMd that." so far as that Trustee is aware. the is no levant audrt infonnats.on of whh the charitys aLKlilors a urhaware, and that Trustee has taken all the sleps that ought to have been tsken as a Trustee in order to be aware of any relevant audit inforrnation and to establish that the charitys audit5 are aware of Ihat infom)ation. This report has been prepared in accordance wrth the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with Financial Rerxjrting Standard applicable in UK and Republic of Ireland Icharrties SORP {FRS 1021}. Page 6
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED IA company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 Auditors The auditors, Mazars LLP, have indicated their wiliThJness to continue in Offe. The designated Trustees will propose a motion reappointsng the audrtor5 al a meekn.ny of tr* Trustees. Small companies note In preparing this report, the Trustees have taken thntage of the small companie5 exemplK)ns provhled by section 415A ofthe Companie5 Ad 20(6. Approved by order of the members of the board of Trustees and signe¢J on their behaw by" GAsrth1OlI242)ltr4GTl G Smith Director Dale. Dec 19, 2023 Page 7
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED (A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE OF AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED Opinion We have audrted the financial staternenls of Age UK Leicester Shire and Rutland Home Help Limited {the 'CharitWI for the year ended 31 March 2023 vknich comprise the Slatement of Financial ActivIts. the Balance Sheet, the Statement of Cash llows and notes lo the financial statements, including a summary of signrficant accounting policies. The finanaal reporting framework that has been applEd in their preparation L8 applicable law and Unrted Kingdcffj Accounting Standards, induding FRS 102 'The Financial Reporting Standard appIlble in the UK and Republic of Ireland" (Unrted KIngdn Generalty Accepted Accounting Practice). In our opinion, the financial statements: gwe a true and fair view of the state of the Chaiitys affairs as * 31 March 2023 and of its income and expenditure for the year then ended. have been pr¢)pedy prepared in aecordanee vthh Unrted "ngdoM Generalty Accepted Accounting Practice.. and have been prepared in accordance vmth the requireffents of the Companies Act 20L%. Basis lor opinion We conducted our audit in alIdance wrth Intemational Standards on Auditing IUKI IISAS IUKI) and applicable law. Our responsibilrties under those standards are further described in the "Audito¢s responsibilities for the audit of the financial stalemenls" seclkjn of our report. We are independent of the Charity in accordance wrth Ihe ethical requirements that are relevant to our audil of the finanoal statements in Ihe UK. including the FRC'S Ethical Standard and we have fulfilled our other eth1 responsibilitS in accordance wih these requirements. We believe that the art evtdence ¥ ve obtsined is sufficient and appropriate to prniide a basis for our opinion. Conclusions relating to going concern In auditing the financial slalernents, we have concluded that the Iruslees. use of the going con¢em basis of accounting in the preparation of the financkryl ststernents is appropriate. Based on the work we have performed. we have not identffied any material uncertainties relating lo events or condrtions that. indwidualty or collecttvely, may cast significant doubt on the chartvs abilty lo continue as a going concern for a perhjd of at least twefve months from when Ihe financial ststements are aLrthonsed for Issue. Our responsibili(ies and the wponsibilities of the trustees respect lo going conrn are described in the relevant sections of this report. Other inforniation The other infomalion comprises the infomation included in the trustees. report, other than the financial statements and our audi(orfs report thereon contsined wrthin the annual report. The Trustees are responsible for the other informalTon. Our opinK)n on Ihe financial statement5 doe5 not cover the other information and, except lo the extent otherwise explicrtty ststed in our report. we do not express any form of assurance cnclusion Ihereon. Page 8
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMrrED A company limited by guarantee) INDEPENDENT AUDITORS. REPORT TO THE OF AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED ¢Xher inlomiation Icontinuedl In connection wrth our audit of the financial statements, our responsibilty is to read the other infomialion and. in doing so. consider whether the other infonnath)n is malerialty inconsistent with the finanal statements or our krwledge obtained in the course of the audrt. of OtheSe appears to be materialty misstated. If we identify such materi81 inconsistencies or apparent material mis5talerrents, we are iequired to detemine whether this gives rise lo a materrdl rnisststemenl in the finala1 ststements themsefves. If, based on the work we have performed. we conclude that there ts a mater1 missLement of thi5 other infowrnion, we are require(I to report that fact. We have nothing lo report in this ward. Opinlons on other mattets prescrlbed by the Companles Act 2006 In our opinion, based on the work undertaken in Ihe course of the audit". the inforMatn given in the trustees. rewt which indudes the strategic report and directors. report prepared for the purposes of company w, for the financial year for which the financial sLements are prepared is consislenl with the finanual statements., and Ihe slralegt report and ditOrS. report induded wrthin the trustees. report have been prepad in accordance with applicable legal requirements. Mattets on whlch we are qUIred to report by ex¢eptlon In light of the kN)wledge and understanding of the Charty and its enmronment obtained in the course of the audr(. we have not Kjentified malerial misstatements in the stregic rewrt or Ihe directors, report included within the Iruslees, report. We have nothing to report in resFed of the follNirwJ matters in relatk)n to whh the Companies Acl 2006 requires us lo report to you rf. in our opin)n.. adequate accounling records have not been kept. or retums adequate for our audi( ve ntst been received from branches not visiled by us", or the financial statement5 are not in agreemenl wrth the accounting records and retums." or certain disclosure5 of Tru5tees' remuneratK)n spec¥fied by law are not made". or we have nol recenied all the inf0mtIOn arkl eXplanatnS we require for our audit. Responsibilities of Trustees As explained more fulty in the trustees, respons*ilibes $Litemenl set out on page 6. the Trustees (who are also the directors of the Charitab cornpany for the purposes of company lawl are responsible for the preparation of the financial ststemenls and for being satisfied that they gNe a true and lair vwl, and for such internal control a5 the Tru51ees detem)ine is necessary lo enable the preparation of financial ststemenls that are free from material misslatemenl. whether due lo fraud or error. In preparing the finanrial Statements, the Truslee5' responsible for assessiThJ the Charitys ability lo continue as a going concern, discbsing, as appIab. matter5 related to going concem and using the going concem basis of accounting unless the Trustees. either lo liquidate the Charity or to cease operations, or Trustees. realistic akernalive but to do so. Page 9
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED (A company limited by guarantee} INDEPENDENT AUDITORS, REPORT TO THE OF AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED Auditorfs responsibilities for the audh of the financial sLitements Our objectives are lo obtain wSOnab a55urarhce aboLrt whether the finaneial statements as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue an auditorfs oport that includes our opinion. Reasonable assurance is a high levd of assurance bLrt is not a guarantee that an audit conduded in accordance wrth ISAS {UKI wll delect a materral misstalemenl when il exists. Misstatements can arise from fraud or error and are consldered material rf. individualfy or in the aggregate, they coukl reasonably be expected lo Influen Ihe economic deuSiS of users tsken on the basis of the financial siatements. The extent to which our Procedu are Cale of detectirwJ IrularitIeS, including fraud is detailed bek. Irregularities. including fraud. are instances of non<0mplian with laws and regulatw)ns. We design procedures in line wrth our responsibilrties, outlined above. to detect material mStateMentS in respect of irregularities, including ftaud. Based on our understanding of the chanty and ils actmties, we considered that nonryc0mp1nce with the foll1ng laws and regulations Mh1 have a materral effect on the ffinaal slalemenls." ernployThent reguktion. heafÉh and safety regulalion arKI anli-money laundering regulation. To help us identfy instances of non<ompliarKe with these laws and regulalK)ns. and in Identin9 and assessing the risks of material misststennt in spe to non-cornpliance. our pr¢¢edures include<l, but were not limited Irquiring of management. and where appropriate. those charged with govemance, as to whether the charity is in compliance wth laws antl wulatb)ns, and discussing their policies and prccedures regarding compliance with laws and gUlat)ns'. Inspecting COespondenCe. rf any. with relevant linsirj or regulatory authities". Communicating identified laws and regulations to the engagement le and remaining alert to any indications of non-comp11ar throughout our audft- and Considenng the risk of acts by the company wthich were contrary lo appIable laws and regulations, induding fraud. We also considered Ihose.18ws arKI re9uIK)ns that have a direct effect on the prep8ration of the financial slalement5, such as tax legislation. pension legislation. the Companies Act 2006 and the Char.e$ Statement of Recommended Practice. n addition. we evaluated the Irustees. and management's incentrves and opportunities for fraudulent manipulation of the finanual statements including Ihe risk of ovemde of contrcAs and detennined that the princip81 risks We related to posting manual journal entries to manipulate financial perf0Mnce, management bias through judgements and assumptions in significant aUntIng estimates. in particular in relation to revenue recognition (which we pinpointed to the ctst off assert subie¢t to your revenue recognition signifKanl fraud risk) and swJnrficant one-off or unusual transactions. Our audr¢ procedures in relation lo fraud included bul were not limrted to.. Making enquiries of the Trustees and management on whether they had knowledge of any actual, suspected or alleged fraud., Gaining an understsnding of the internal controls established to rnrtate risks related to fraud.. Discussing amongst the engagement lewn the risks of fraud." and Addressing the risks of fraud Ihrough marwgeffnt overnde of contro15 by performing journal entry testing. Page 10
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UTED IA company limiled by guarantee) INOEPENDENT AUDITORS. REPORT TO THE OF AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP LIMITED Auditorf5 responsibilities for the audit of the financial statements (continued} There are inherent limitations in the audit prcttdures described above and Ihe primary SponSibl11fy for the prevention and detection of irregularitres including fraud rests wrth management. As wth any audit, there remained a risk of non4delection of irreguL8nlies, as these may irwofve eollus*)n. forgery. intentional omissions, misrepresentations or the override of intemal controL8. A further description of our responsibilrties for the aud-rt of the finanal ststemenls is located on the Financial Reporting Council's websrte at www.frc.org.uklaudrtorsresponsibilTb"es. This deseriplion forms part of our audrto¢s rewt. Use of the audit report This report is made Scle lo the Chartys members as a tAidy in xcordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work ha5 been undertaken so that we might state lo the Charitrfs member5 those rnatters we are required to 51ale to Ihern in an audrtorfs report and for no other purpose. To the fullest extent permitted by law. we do not acp1 or assume responsibility lo anyone other than Ihe Charty and the CharitVs members as a body for our audit wowk. for thi5 report. or for the opinK)ns we have formed. Dwd Hoose (Senior Slalulory Auditor) For and on behalf of Mazars LLP Chartered Accountants and StatLrtory Audit¢y 6 Dominus Way Meridian Business Pat Leester LE19 1RP Date.. Dec 19. 2023 Pa3e 11
AGE UK LEICESTER SHIRE AND RUTLANO HOME HELP UMITED IA company limited by guarantee) STATEMENT OF FINANCIAL ACTiwnES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2023 Unrestricted funds 2023 Total funds 2023 Total funds 2022 Note Income Irom: Charrtable actmtses Grant 8nd other income 1.0%.352 39.682 1.056,352 39,682 907,874 124,853 Total income 1.0*.034 1.09S.034 1.032,727 Expenditure on: Charrtable actmties 1.095.437 1.095,437 1.050.999 Total expenditure 1,095,437 1,095.437 1.050.999 Net movement in funds 597 597 118,272) Reconciliation of funds: Total funds brought forward Nel movement in fijnds 163 597 163 597 18,435 118,2721 Totsl funds carrled forward 760 760 163 All irthme expend((ure aCtive$ are derwed from continuirYJ &tNit. There were no other renised gains and losses for the year ended 31 March 2023 or the year ended 31 March 2022 other than those indude(l in the Ststement of Financol Actmties. All funds are unSt¢ted fvnds for 2023 and 2022. The notes on pages 15 to 21 fonn part of these financkql ststemen¢s. Page 12
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) REGISTERED NUMBER: 03768527 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Current assets Debtors Cash at bank and in hand 147,5PA 6,425 104.615 6,526 153,989 111,141 Creditors.. Anwjunts falling due within one {153.229) (110.9781 Net current assets 760 163 Totsl net assets 760 163 Charlty funds Un$trted funds 760 163 Total funds 760 163 The finanual stslements have been prepared in accordance vthth the provisions applicable lo companies subjecl lo the small compantes regime and in aCclarice wrth the provisions of FRS 102 Sedion 1A- small entsties. The ffinanckAI slalements were approved and aLrthonsed for issue by the Trustees and signed on their beham by.. tsAFSM*hlDE¢ig.2)thj4GD G Smith Director Date.. Dec 19, 2023 The notes on pages 15 to 21 fwn part of these financid statements. Paje 13
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guaranteel STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Cash flows from operating actlvltles Nel cash used in operating acINit$ 11011 1,380 Change In cash and cash equlvalents In the year Cash and cash equivalents at the beginning of the year 11011 6,526 1,380 5,146 Cash and cash equivalents at the end of the year 6,425 6,526 The notes on pages 15 10 21 fom) p•1 of these financial ststements. Page 14
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 General Infomtion Age UK Leicesler Shire & Rutland Home Help Limited is a charitable company (company number 037685271 and is also registered as a chanty at the Charity CoMms1on in England and Wales. The charitsble company is limited by guarantee and as such has not issued share capital. The Ik4bilty of its members in the event of the company being wound up is limited lo a sum not exceeding £1 each. The regISted office and prinupal place of business is Lansdowne House, 113 prin$$ Road East, Leicester, LE1 7LA The CharitYs prirKipal objective 1$ to promc4e the relref of oljer, sick or disadvantaged people in any manner which now and hereafter may be deemed to be charitable in and around Leicestershire, Rutland an adjoining counties. Accounting policies 2.1 Basis of preparation of financial ststements The financial slalements have been ppared in ordance wth the CharitEs SORP IFRS 102} - Accounting and Reporting by Charitw." Statement of Recommended Pra¢ti¢e applicable lo chari(ies preparing their ae£ounts in xcordance wrth the Finan¢o1 Reporting Standard aPpIable in the UK and Republ¢ of Ireland IFRS 1021 {effeclive 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) and the Companies Act 2LIJ6. Age UK Leicester Shire and RLrtland Home Help Limited meets the definitK)n of a public benefit entity under FRS 102. Assets and liabilr(S are initialty reco3nised at historul cost or trsaCtIon value unless olhewse sted in the relevant (DUntIng w)li¢y. 2.2 Going concern The trustees review the level of reserves at the finance and rewurces Mmittee on a monthty basis. Ihrough the consolidated group management aunt$ and Ihe indmdual Home Help Company management accounts. It is recognised that lo Continue as a going concern, the company is relianl upon the support of the holding company. The Home Help company deh.vers primary purpose sermces on behalf of the holding company and as such Ihe trustees of the holding company have pledged lo continue to support the operatkjns of the SubSlary entty. 2.3 Income All ineeffje is recc¥anised once the Company has entitlement lo the income, it is probable that the income will be receNed and the Unt of Income reeewable can be measvred reliably. Voluntary income. including donattns we recognised where theffj is entitlement. probable receipt and the amount can be reliabty measured. Income from ¢harrtable admlies is recognised as il is eamgj and nSistS of Charges for the provisions of home help services and routine domestic tasks for eklerly persons in the are8 for whom such tasks would caLBe Ihem pain dk8comfort. Grant income provides funding to support performance activitS and 15 recognised when the Charty ha5 enti(lemenl lo the funds, any perfomiance condrtions attached to the grant have been met and the amount can be reliably measured. Income is deferred when performance related grants are receNed in afvance ofthe time period or expendrtU to 1¢h they late. Page 15
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounling pol•cies (Continued) 2.4 Fund accounting General funds are unrestricted funds which are wailable for use at the discretion of the Trustees in furtheran of the general objecb.ves of the Company and which have not been designat for other purposes. Investment irume. gains and bsses are allxated to the appropriate fund. 2.5 Expenditure Expendf(ure is recognised once there is a legal or constructNe obligation to transfer economic benefft to a third paty, it is probable thal a transfer of economic benefits wll be required In settlement and the amount of the obligatK)n can be rreasured reliabty. Expenditure Is classified by aclmty. The costs of e8ch adivity are made up of the total of direct cosls and shared costs. including support costs invow in undertaking each activity. Oirect costs attributable lo a Sing activity are allocated directly to Ihat aciivity- Shared costs 1¢h contribute lo more than one xtivity and support costs which are not attributable to a single actNity are apr)ortioned between those activrties on a basis consistent with the use of resources. Central staff Costs are albcaled on the basis of ts.me spertt. and depre¢ialk)n charges allocated on the F4Jrtion of the asset's use. Support costs include central funclions and govemance costs have been allocated to actNity cost categories on a basis consistent wrth the Ltse of the resource. Costs of generating fvnds are costs incurred in attracting voluntary income, and those incurred in trading act1w1S that raise funds. All e¥pendrtUTe is indusive of irrecoverable VAT. 2.6 Taxatlon The Company i% considered to pass the lesls set out in Paragraph 1 schedu 6 of the Finan Act 2010 and therefore tt meets the defini(ion of a charitable company for UK corporation lax purposes. Accordingly, the Company 15 polentialty exempt from taxats.on in respect of income or caprtal gains recewed wthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Ad 1992. to the exlenl Ihal such income or gains are applied exdusivety lo charilable purposes. 2.7 Deblors Trade and other debtors are recognised at the Settment amount after any trade discount offered. Prepayments are valued at the amount prep3KI net of any trade discounts due. 2A Cash at bank and In harbd Cash al bank and in hand indudes cash and short-lern highty hquid investments wth a short m*urty of three rr4)nths or from the date of awuisition or opening of the deposrt or similar account. Page 16
AGE UK LEICESTER SHIRE AND RWLAND HOME HELP UMITED (A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policles Icontinuedl 2.9 Liabilities and provisions Liabilities are recognised en the is an oblWKJn at the balance sheet date as a resuk of ¥ past event, rt is probable that a Iransfer of enOmiC benefit will be required in settlement. and the amount of the settlement can be esbmated relivknty. Liabilrties are recognised al the amount that the Company anticipate5 11 will pay to settle the debt or the amount il has received as thanced payments for the goods or 5eryices it musl provide. Provisions are measured al the best estimate of the arrKJunts required to settle the obligation. Where the effecl of the time value of money is material. the provision is based on the present value of those amounts. discounted al the p-taX discount rate that refiects the risks specrfic to the liability. The unwinding of the discount is recoJnised in the statement of financtal adivilies as a finance cost. 2.10 Flnanclal irtrUMents The Company onty has financial assets and finan¢ial IK4bilities of a kind that qualify as basic financial instruments. Bas financial instruments a inrtialty rectsgnised at transadion value and subsequently measured * their settlement value with the exception of bank b)ans which are subsequently measured at am0'Se<l cost usin9 the effective interest method. 2.11 Pensions The Company operated a defined c0nlribLrt?n pension scheme and the pension charge represents the amounts payable by the Company to the fund in rewt of the year. 2.12 Critical accounting estimates and areas of judgmenl Estimates and judgments are conlinualty evaluated and are based on historical experien and other factors, including expectalbJrbS of future events that are believed lo be reasonable Urer the circumslances. There are no cnlical xcounting estimates and areas ofjudgemenl to note. Delails of charitable activities 2023 2022 He hdp services Support cost5 Govemance costs 1,017.237 76,529 1,671 987,613 62.626 2,760 1.095,437 1.052,999 Page 17
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 Staff costs 2023 2022 Wages and salaries S¢xial securty costs Other penS)n costs 838,021 21,676 22,008 885,929 30,921 23,581 881,705 940,431 The average number of persons empw by the Company during the year was as follows.. 2023 2022 Provision of serytis Administiation 92 91 93 No employee received Ternuneralion amounting lo more than £60.C0 in either year. The Charity emkn 8 number of part4ime employees wlK are irKluded wthin the fKJures above, the average mnthty number of full tiffe equwalent employees durin9 the ye8rwas 30 {2022 - 37). The charitable Company operes a defined conlribution pension scheme. The assets of the scheme are held separatety from those of the charity in an indeperKlentty administered fund. The pension costs charge £22,008 12022 - £23,$811 represents contributions paEble by the Charitab company lo the pension scheme. At the year erxl £3.1(% {2022 - £4.701) vras t)Ned lo tr pension scheff and is induded wilhin credito. Trustees, remuneration and expenses (al Tfuslees reMneI*)n Ouring the year, no Trustees receNed any remnern or other benefits12022 - £Nill. During the year, no expenses were daime(I by Trustees from the chartty (2022- £Nill (bl Key management remuneration The key management personnel of the chantable compary are remunerated through the parent charitable ¢ompanyAge UK Leicester shi and Rulland Limited. Page 18
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Net In¢omel{expendllurel Fees payable to the auditors in Pect of both aLMlit r-audit seeS are as follows: 2023 2022 Audrt seThKes- stslulory audit of chwitsble conwary 1,720 2,337 Debtors 2023 2022 Trade debtors Amounls owed by group undertakings Other debtors and prepayments 91.281 52.883 3.400 98.384 2.8SS 3.376 147,564 104.615 Amounts by group undertakings are unsecured. interest free aThJ repayable on demand. Crediloys: Amounts falling due within one year 2023 2022 Trade creditors Amounts owed lo group undertakings Other taxatson and wal securty Other creditors Accruals and deferred income 9.092 101.749 4.858 3.124 34.4C6 3,901 48,017 7,593 4,807 46,660 153,229 110,978 Al 31 March 2023. the Chanty vras hokying tNil in deferred income in respect of grants receNed in advance12022 - £11.2Q61. Amounts owed to group undertakings are un5eGured. interest free and repayable on demarKI. Page 19
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA Company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 R8conciliation of net movernent in funds to net cash flow from operating activities 2023 2022 Nel incomelexpendilure for the yEar (as per Statement of Financial AC1MtS) 597 118.272) Adjustrnents for: Decrease in sttxks Ilncreaseydea$e in debtors InCaSe in creditors 3.207 (42,9491 42,251 9,859 Net cash provided byllused inl operating activitbes 11011 1,380 10. Analysls of and cash equlvalents 2023 2022 Cash in bank 6.425 6,526 11. Analysis of changes in net funds At 1 April 2022 Cash flows Al 31 March 2023 Cash al bank and in hand 6,526 {101) 6,425 12. Pension cornmitments The Company operates defined contribution pension schemes. The assets of the scheme are held separately from those of the Company in independenty administered funds. The pension cost charge of £22,00812022 - £23.5811 represents conlnbulions payable by the Company funds. Al the year end there was a penSn credrtoi balan of £3.106 {2022- £4.701). Page 20
AGE UK LEICESTER SHIRE AND RUTLAND HOME HELP UMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Related party trdnsadions During the year, the Charity paid rents of £25,44012022- £23.6501 to Age UK Leicester Shire & Rutland a company under common ownership of the Charity. The Charity paid sakiry costs and other nel recharge5 of £19.663 (2022 - £55.5711 to Age UK Leicester Shire & Rutland. At the year end. £80.847 was pay7ble to Age UK Leester Shire & Rutland12022 - £44,433). At the year erKI, £4.279 12022 - £7491 was payable to Age UK Leicester Shire & RLrtland Transport & Trading Limrted. a company urhder c41mrrth ownership of the Charity. At the year end. £20 (2022 - £20) receNable from Age UK Leice51er Shire & Rulland Insurance SeNces Lwnited. a company Urer c0rnrr (wmership ofthe Charity. 14. Ultimate parent undertaking and controlling party The Company is a 1000A sub5idory of Age UK Leester Shire and RulL8nd, a Company registered in England and Wales (tharty WlStr*ion number 1146649). The parent Cornpanvs registered office, Lansdowne House, 113 Princess Road East. Leicester. LE1 7LA. In the opinkjn of the DI¢10r$, Age Uk Leicester Shire and Rutiand is the Companls imr[liate and ultimate controlling paty. Thi5 15 the largest and smallest group for which consolKlat&J finanryal 5ts1ernen15 are prepared. Con5dMlaled financial ststemenls are available from the charrtable companls regi51ered office Lansdowne House. 113 Princess Road East, Leicester. LE1 7LA. Page 21