REGISTERED COMPANY NUMBER: 04199449 (England and Wales) REGISTERED CHARITY NUMBER: 1086995
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
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FOR
AGE UK SUNDERLAND
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Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
AGE UK SUNDERLAND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 13 |
| Report of the Independent Auditors | 14 to 16 |
| Statement of Financial Activities | 17 |
| Balance Sheet | 18 to 19 |
| Cash Flow Statement | 20 |
| Notes to the Financial Statements | 21 to 37 |
AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Age UK Sunderland is an independent, vibrant local charity with the objective of supporting older people in and around the City of Sunderland. The charity’s mission statement is to promote the well-being of all older people throughout the City of Sunderland, improve their quality of life and help them maintain independence.
The activities of the charity include campaigning on issues that affect older people and providing a wide range of services to benefit older people in the City and surrounding areas. These services are provided across various locations within the community including the Bradbury Centre in the heart of the city.
Age UK Sunderland is a brand partner of Age UK, a network of charities working together to deliver positive change with and for older people with a mission to help people enjoy later life.
Age UK Sunderland is governed by a Board of Trustees made up of local people. The Trustees are cognisant of Charity Commission guidance on public benefit and are satisfied the charity complies fully with this requirement. In addition the Trustees ensure any new activities the charity intends to undertake are reviewed to ensure they meet public benefit requirements.
The report summarises financial and operational activity, including the impact of the COVID 19 crisis during this reporting period.
ACHIEVEMENT AND PERFORMANCE
We have a team of dedicated staff and volunteers who have provided valuable support across 21 services during 2020/21, reaching 9,048 older people.
Our team of 242 volunteers are a pivotal resource in ensuring the support across the City and have nearly 1,200 years of service between them. Age UK Sunderland's volunteers volunteer almost 1,000 hours each week city wide - calculated on living wage this would cost AUKS over £453,440 each year to employ this team.
During 2020/21 support services needed to be realigned in response to the COVID 19 crisis to ensure ongoing support for clients.
The key charitable activities and their achievements within the financial year ended 31 March 2021 are as follows:
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- The Essence Service
As the only charity in the country to attain the University of Stirling Award for its dementia friendly environment, our Essence Service has continued to develop and make a positive impact for people with an mild to moderate diagnosis of dementia and their carers.
This service highlights the benefits of "Keeping the Essence" of those with a dementia diagnosis for longer, linking individuals with a dementia diagnosis and their carers into mainstream activities and support.
During 2020/21 in line with government guidelines, support services were realigned to provide ongoing support which was predominantly a remote and digital service.
- Community Integrated Teams (CIT) Social Prescribing Service
Funded by Sunderland CCG (Clinical Commissioning Group) the CIT Living Well Link Service works to support the most vulnerable 3%, identified by their local GPs who:
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are 65 years old or over;
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have two or more complex long term health conditions;
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face social challenges as a result of their health such as not knowing their benefit entitlements or struggling to get out of their homes.
The service is part of Sunderland's CITs which enables older people to access better, more integrated care outside of hospital, thus helping to reduce unnecessary hospital admissions.
During 2020/21 in line with government guidelines, support services were realigned to provide ongoing support which included remote and digital services.
The service also provided direct front line support by providing shopping support, delivering crisis food packs and safe door step support, adhering to AUKS Covid 19 risk assessments to those most vulnerable and at risk.
Social Focus
Funded by Sunderland CCG, Age UK Sunderland's Social Focus Project is a service for people aged 50+ who have a mild to moderate functional mental health condition, such as anxiety, depression or stress.
The aim of the project is to tackle social isolation and looks to reduce symptoms of mental ill health. The service has a Co-ordinator who delivers dedicated 1 to 1 support to individuals. Following referral, our Co-ordinator undertakes ongoing assessments to identify need in terms of social and mental health issues. The service also acts as a form of signposting and support looking to promote independence to get people integrated back into their community.
During 2020/21 in line with government guidelines, support services were realigned to provide ongoing support which was predominantly a remote and digital service.
Activity packs were also delivered to client’s homes to ensure ongoing interaction and virtual group activities.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- Hospital Discharge Service (HDS)
Based in the Discharge Lounge at Sunderland Royal Hospital and funded by Sunderland CCG, Age UK Sunderland's Hospital Discharge Team (HDT) continues to successfully operate as a service for all older people aged 60+. The HDT liaises with the Discharge Lounge and Hospital Wards who refer patients into the service. The HDS has one main focus which is to prevent readmissions into hospital after an initial visit.
The team offers a flexible range of advice and support within the home, working with patients for up to three weeks after discharge. The service includes assisting to prepare meals, helping with light domestic work, shopping support, signposting and making referrals. Some clients require ongoing support after the initial three week intervention who are then referred to other services to support the individual on a longer term basis.
During 2020/21 in line with government guidelines, support services continued to be delivered directly on the front line due to the nature of the service.
The service provided vital shopping support, delivered crisis food packs via safe door step support adhering to AUKS Covid 19 risk assessments to those most vulnerable and at risk.
- Front Door Service Social Prescribing Service
Funded by Sunderland City Council & NHS England, Age UK Sunderland's Front Door social prescribing programme provides low-level tailored support to enable older people to stay independent for longer in their local community.
The FDS offers a single point of contact and extends access to information, early interventions and flexible lowlevel community-based support to adults who do not require intensive or specialised care or support interventions from statutory services. The Front Door service incorporates a number of support interventions such as:
Front Door Living Well Link (LWL) Social Prescribing Team
The Front Door Living well Link Workers provide dedicated social prescribing support to ensure a holistic approach to health and wellbeing to ensure older people get the right support at the right time focussing on nonclinical solutions.
During 2020/21 in line with government guidelines, support services were realigned to provide ongoing support which included remote and digital services.
The service also provided direct front line support by providing shopping support and delivering crisis food packs via safe door step support adhering to AUKS Covid 19 risk assessments to those most vulnerable and at risk.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
Advocacy Service
Age UK Sunderland's Advocacy Service is accessible to everyone aged over 50 and is the only one of its kind in the City. The service is free of charge and provides assistance to people who are experiencing difficulty with resolving issues. The Advocacy Service aims to resolve problems ensuring that the client's voice is heard, avoiding negative impact on an older person’s health and wellbeing.
During 2020/21 in line with government guidelines, support services were realigned to provide ongoing support which included remote and digital services.
The service also continued to provide Covid safe face to face support to the most vulnerable older people when required.
Community Support Clubs (CSCs)
Our Community Support Clubs bring people together to socialise with friends old and new and at the same time offer the opportunity to join in with activities and enjoy a nutritious meal.
We deliver a total of 29 CSCs which are held in a number of venues across all five localities of the City. On average around 500 people attend clubs each week.
During the Covid 19 pandemic all CSCs were suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls, digital services and onward referrals as emerging needs were identified.
FDS Keeping in Touch (KIT) Service
One of the most effective ways of helping to alleviate the feeling of loneliness and social isolation is our KIT support. It is a simple, straightforward way for friends to have a catch up and a chat but additionally it can prevent people from potentially reaching a crisis point. Our team of friendly, dedicated volunteers are in weekly contact with many older people across the City to provide social interaction either with a home visit, regular telephone call and the development of digital platforms.
During the Covid 19 pandemic all KIT support was delivered via the telephone service in order to adhere to government guidelines, clients continued to receive support remotely in the form of welfare calls, digital services and onward referrals as emerging needs were identified.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- ActivAge
Our ActivAge service continues to provide activities which concentrate on the physical aspect of wellbeing; such as tai chi, yoga, line dancing and seated exercise as well as exercise for the mind, through taking on the challenge of learning how to use a computer/tablet, a new language, or painting with watercolours.
During the Covid 19 pandemic all ActivAge exercise classes were suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls, digital services and onward referrals as emerging needs were identified.
ActivAge also developed on line exercise sessions to help older people to remain active during this time.
- Information & Advice Service (I&AS)
Age UK Sunderland's I&AS provides a free and confidential service which is a much needed support to older people across the whole City. We provide help with checking client benefit entitlements, offering advice on how to claim and assistance to complete benefit forms.
The I&AS ensures those claiming welfare benefits are receiving the full allowance they are entitled to. The service also signposts clients and provides information to mainstream services and community care matters. We provide a combination of telephone advice and home visits to clients.
Services that incorporate an I&AS include Essence, The Front Door Social Prescribing Team and there is also a generic I&AS for the wider population of older people.
During 2020/21 in line with government guidelines the I&AS's were realigned to provide ongoing welfare benefit support which was predominantly a telephone and digital service.
- LIFEStyle Service
Age UK Sunderland's Lifestyle Service continues to provide vital support to people across Sunderland. The service is open to those seeking support in different areas of their lives. The LIFEStyle service is currently mainly used for light housework, shopping for clients & companionship.
During 2020/21 in line with government guidelines support services continued to be delivered directly on the front line due to the nature of the service.
The service also provided vital shopping/housework support, delivered crisis food packs which incorporated safe door step support adhering to AUKS Covid 19 risk assessments to those most vulnerable and at risk.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- Redwood Day Service
Situated in a modern, airy environment at the Bradbury Centre, our Redwood Day Service continues to provide a high standard of activities and events throughout the year.
During the Covid 19 pandemic the Redwood Day Service was suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls and onward referrals as emerging needs were identified. This service will reopen when it is safe to do so in line with the government road map.
- Metcalfe Dementia Day Service
In March 2020 AUKS launched a new dementia day service for people with moderate dementia. The centre has a beautiful colourful dementia friendly design and provides tailored support from trained and dedicated staff via activities to help stimulate those living with a moderate diagnosis of dementia, providing much needed respite support for carers.
However due to the Covid 19 pandemic the Metcalfe Dementia Day Service was suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls and onward referrals as emerging needs were identified. This service will reopen when it is safe to do so in line with the government road map.
- Dial A Driver
Dial a driver uses volunteer drivers to support the transport needs of older people. Our volunteers use their own car to provide older people with a cheaper form of transport to attend health appointments and engagements.
During the Covid 19 pandemic the Dial A Driver Service was suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls and onward referrals as emerging needs were identified.
- Men's Group
The Men's Group is an opportunity for men who may have become isolated or lonely due to ill health or bereavement, to get together, chat and socialise in a relaxed environment.
During the Covid 19 pandemic the Men's Group was suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls, digital services and onward referrals as emerging needs were identified.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- The Pityard Group
The Pityard group provides a social environment for men to socialise and gain support who had previously worked as a Shipyard or Colliery Worker.
During the Covid 19 pandemic the Pityard Group was suspended in order to adhere to government guidelines, clients continued to receive support remotely in the form of telephone welfare calls, digital services and onward referrals as emerging needs were identified.
- Lunch on Wheels (LoW) Service
Previous to the Covid 19 pandemic (March 20) meals were provided via Community Support Clubs (CSC) each day. At the onset of the pandemic the stark reality was that older people were at great risk of starvation and malnutrition as they were unable to leave their house and get food supplies/access to a hot meal.
The LoW service was escalated quickly in direct response to this identified need is available to all clients who previously accessed the CSC and also the wider community.
The LoW service has been a great success, during this financial year 21,518 meals have been delivered directly to client's homes. Developing this service is a significant indicator of the flexibility Age UK Sunderland can offer.
- Active Friends
With the support of funding from the Community Foundation Kellett Fund Active Friends is a project that promotes access to leisure and learning opportunities for older residents living in sheltered accommodation and extra care schemes across Sunderland. The aim of the project is to increase social inclusion and reduce loneliness and isolation; improve mental health and wellbeing by creating a friendly, happy and engaging environment; improve physical health through a variety of stimulating activities for the body and mind.
The original plan was for all activities to take place in the communal area of the sheltered housing settings. However, due to Covid-19 restrictions we revised this and moved to providing Covid-safe activities to support people during lockdown. This included providing DVDs of seated and gentle exercises led by one of ActivAge tutors and delivery of 490 themed activity packs.
- Meaningful Connections
This activity celebrates diversity by promoting the inclusion of older marginalised and underrepresented groups including LGBTQ+ (Lesbian, Gay, Bisexual, Transgender, Queer+) & isolated men, supporting groups to make meaningful connections, reduced loneliness and isolation and connect with the wide community.
Older people from marginalised populations including the LGBTQ+ community and older men, are much less likely to access support services. This is despite experiencing significant health inequalities and challenges in later life such as loneliness, poor mental wellbeing, and increased concerns/worries about growing older. Meaningful Connections facilitates the integration and inclusion of disengaged older communities into mainstream support ensuring all older people in Sunderland are able to love later life.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
ACHIEVEMENT AND PERFORMANCE - continued
- Future Developments
Loneliness & Isolation Task Force (LITF)
Loneliness and isolation are life threatening issues which debilitate older people's health & wellbeing in all areas of their lives, however the impact of Covid-19 has amplified this issue significantly.
Due to the significant challenge of increasing prevalence of loneliness and isolation as a consequence to Covid-19 restrictions, there has been a marked rise of these issues experienced by older people including those with mild to moderate dementia across the City of Sunderland.
Funded by Sunderland CCG the purpose of the LITF will be to reduce loneliness and isolation in older people Aged 50+ and help them to gain access to community support services when it is safe to do so in line with the government road map.
Maintenance Cognitive Stimulation Therapy (MCST)
Funded by AUK, AUKS has been awarded one of 20 national contracts to deliver a programme of MCST as part of our ActivAge programme. This will allow us to build on experiences of previous MCST work and will be part of a year-long national research and learning programme about the benefits of MCST.
We will offer weekly sessions for people living with mild to moderate dementia to come together and take part in meaningful and stimulating activities, to help maintain memory and mental function. The groups will provide a fun, supportive environment where people can build new friendships.
FINANCIAL REVIEW
The organisation forecasted a £402,405 deficit in the year with planned use of both restricted and unrestricted reserves. The Trustees consider the charity has had a positive financial performance in the year ended 31 March 2021 resulting in an actual surplus of £415,269. This significant positive variance in the year end position has been created through additional funding to support projects in the 2021/22 financial year and an increase in gains on investments.
The balance sheet has a net assets position of £2,970,358 and the total income of the organisation in the financial year was £2,116,721 (2020: £1,754,128).
The Trustees would like to take this opportunity to thank all employees, volunteers, partners and other donors to the charity for their continued support. The organisation is in a strong financial position to continue to provide and develop existing services to a wide range of service users in the future and this is particularly positive in view of the challenging and rapidly changing funding environment facing small charities.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW - continued
In order to meet governance requirements, the charity develops and implements various policies including:
Reserves Policy
The Reserves Policy is reviewed annually and formally agreed by the Board of Trustees who take responsibility for ensuring key risks to the organisation are recognised. This policy is designed to ensure that if the charity had to cease activities it would be able to do so in a planned and controlled way to minimise the impact on staff and service users.
The current Reserves Policy is that the charity retains unrestricted reserves equivalent in value to six months of average expenditure plus estimated redundancy costs for staff.
Within these reserves Age UK Sunderland also has designated funds to support new projects and maintain and develop charity premises further details are available within note 22 to the accounts.
Investment Policy
The charity will consider whether it is appropriate to invest cash balances that are not required for operational activities in the short-term. The current financial climate means rates of return on cash investments are low and the charity cash balances were not be able to earn a reasonable level of income. For this reason the Trustees have agreed the charity can invest in both fixed interest cash investments and longer term investments with the charity's investment broker, Rowan Dartington.
The investment portfolio is based on a medium risk mandate and the Board of Trustees and senior management team have processes in place to monitor the investments capital value and interest earned regularly. During the financial year ended 31 March 2021 the Trustees consider the investments to have performed well with dividend and interest received (and reinvested) of £10,779. The capital value of the investments held at the end of the year was £563,234. This represents an increase in value of the investment held at the year-end of 25.9% (2020: £447,331), a substantial achievement in the current economic climate.
Remuneration Policy
This policy is developed by the Staffing sub-committee, reviewed annually and recommendations made to the Board of Trustees. The policy is designed to ensure the charity offers a fair rate of pay to all employees and retains appropriately skilled and qualified staff to effectively lead, manage, deliver or support the charity's key objectives. It also ensures members of staff are treated fairly across the organisation and pay reviews are undertaken as the Board of Trustees are legally and constitutionally responsible for setting appropriate rates of remuneration for all employees.
Age UK Sunderland day to day operations are managed by a Director and senior management team of 3 members. In the financial year they had a total salary cost within the band 2021: £38,730 to £52,270 (2020: £38,074 to £51,397).
In terms of future developments, the charity will continue to promote existing activities and develop new ones by working with and listening to older people in Sunderland as well as key partners to identify where resources can be deployed most effectively.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
FINANCIAL REVIEW - continued
The funds held by the charity at the end of the financial year are classified into Restricted, Unrestricted and Designated funds to identify what activities the funds can be used to support. Unrestricted funds can be utilised for general purposes of the charity but restricted funds can only be used as specified by the donors. Designated funds are monies held to fund specific purposes as identified by Age UK Sunderland and will be used for specific activities such as property maintenance. Details of the funds held by the charity at the end of the financial year are shown in note 22 to the accounts.
FUTURE PLANS
Recovery from the impact of the pandemic is paramount in AUKS's future plans and the sustainment and development of services.
The activities of the charity rely heavily on working in partnership and maintaining effective and productive relationships with a number of statutory, private and third sector organisations both within the City of Sunderland and further afield. The Director and senior management team invest resources extensively in identifying the needs of older people within the region and work hard with funders to develop activities to fulfil these needs. The success of this approach means the charity is not over dependent on one source of funding and is able to diversify income streams thereby improving financial stability of the organisation.
The charity does also receive donations and legacies throughout the year and is very grateful to all donors for their generosity. Donations and legacies received in the financial year ended 31 March 2021 made up £31,868 of total income (2020: £27,434) and these monies support development of future activities to meet the needs of older people.
The impact of COVID 19 will be considered going forward in terms of future plans with a focus on income generation and development to address any possible future deficits as a result of the ongoing pandemic.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing documents, the Memorandum and Articles of Association, and is a company limited by guarantee as defined by the Companies Act 2006.
Trustees are elected at the Annual General Meeting (AGM) by the members and any vacancies that arise can be filled by co-opted trustees with ratification at the next AGM. Note the City of Sunderland and statutory Health Organisations in the City of Sunderland are invited to appoint up to two persons to the Board of Trustees. When appointed new Trustees are given an induction and all Trustees receive appropriate training and information during their tenure (including Trustee Away Days).
The Board of Trustees meet a minimum of six times a year (virtual during 2020/21) to oversee the activities of the charity and also have delegated specific oversight roles to Finance, Staffing and Development sub-committees who report back to the main Board. The charity Chief Executive Officer is appointed by the Board of Trustees and employed by the charity and holds the title of Director of the charity.
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT - continued
Age UK Sunderland has wholly owned subsidiaries (Age UK Sunderland Services Ltd and HealthWatch Sunderland Ltd) but both were not trading during the financial year and so are classed as dormant. The charity has no current plans for these companies to undertake activities in the future.
The Trustees are aware that there are risks the charity faces most notably to challenges with retaining funding for services in a difficult financial climate. The charity compiles a Risk Register to capture the key risks facing the organisation and this is reviewed regularly by the Board of Trustees to ensure risks are appropriately mitigated or managed as appropriate.
FUND-RAISING STANDARDS
Age UK Sunderland's fundraising policy sets out the code of fundraising behaviour for the organisation, including how fundraising activities are undertaken and roles and responsibility of Trustees, Staff and Volunteers.
The organisation has not engaged with professional fundraisers within the 2020/21 Financial Year and would only work with professional fundraising organisations that meet our high standards.
The Director and Senior Management team monitor and implement this policy in addition to maintaining financial records showing adherence with the fundraising code of practice and the organisation is registered with the Fundraising Regulator.
The organisation has not received any complaints in relation to Fundraising activities.
Age UK Sunderland follow The Institute of Fundraising's Treating Donors Fairly guidance at all times.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04199449
Registered Charity number
1086995
Registered office
Bradbury Centre Grange House Stockton Road Sunderland SR2 7AQ
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
REFERENCE AND ADMINISTRATIVE DETAILS - continued
Trustees
G Miller Chair S A Ritchie Treasurer Cllr K Chequer C Harries D P Hutchinson M Jackson A L Lawson-McLean R P McLachlan A Purvis Appointed 24 September 2020 E S Turner
Senior Management Team
T T Collins Director T Hassan Operations Manager D M Hepple Finance Manager J Spence Services Development Manager
Company Secretary TT Collins
Auditors
Read, Milburn & Co. 71 Howard Street North Shields NE30 1AF
Bankers
Barclays Bank plc 53 Fawcett Street Sunderland SR1 1RS
Solicitors
McKenzie Bell 47 John Street Sunderland SR1 1QU
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AGE UK SUNDERLAND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Age Uk Sunderland for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
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there is no relevant audit information of which the charitable company's auditors are unaware; and
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the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Read, Milburn & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.
Approved by order of the board of trustees on .23 July 2021 and signed on its behalf by:
G Miller - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Opinion
We have audited the financial statements of Age Uk Sunderland (the 'charitable company') for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and 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 (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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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 Auditors' responsibilities for the audit of the financial statements 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 financial statements 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 statements 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 charitable company'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 Report of the Independent Auditors 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 this gives rise to a material misstatement in the financial statements themselves. 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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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the Report of the Trustees has been prepared in accordance with applicable legal requirements.
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 Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 the 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 charitable company'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.
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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF AGE UK SUNDERLAND
Our 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 a Report of the Independent Auditors 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. In this regard, our procedures include the following:
-
Enquiry of management around actual and potential litigation and claims;
-
Reviewing minutes of meetings of those charged with governance;
-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
-
Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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 permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Nicholas J Liley FCA (Senior Statutory Auditor) for and on behalf of Read, Milburn & Co 71 Howard Street North Shields Tyne and Wear NE30 1AF
24 August 2021
Page 16
AGE UK SUNDERLAND
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 19,270 Charitable activities 4 Core, Advice & Day Services 415,401 Independent Living - ActivAge - Investment income 3 25,165 Total 459,836 EXPENDITURE ON Raising funds 5 - Charitable activities 6 Core, Advice & Day Services 326,833 Independent Living 124,398 ActivAge 33,164 Total 484,395 Net gains/(losses) on investments 98,029 NET INCOME/(EXPENDITURE) 73,470 Transfers between funds 22 170,311 Net movement in funds 243,781 RECONCILIATION OF FUNDS Total funds brought forward 1,361,135 TOTAL FUNDS CARRIED FORWARD 1,604,916 |
Restricted funds £ 12,598 229,654 1,368,429 46,204 - 1,656,885 - 182,074 1,092,858 40,154 1,315,086 - 341,799 (170,311) 171,488 1,193,954 1,365,442 |
2021 Total funds £ 31,868 645,055 1,368,429 46,204 25,165 2,116,721 - 508,907 1,217,256 73,318 1,799,481 98,029 415,269 - 415,269 2,555,089 2,970,358 |
2020 Total funds £ 27,434 413,720 1,164,119 106,418 42,437 1,754,128 220 599,472 1,181,284 125,951 1,906,927 (44,420) (197,219) - (197,219) 2,752,308 2,555,089 |
|---|---|---|---|
The notes form part of these financial statements
Page 17
AGE UK SUNDERLAND (REGISTERED NUMBER: 04199449)
BALANCE SHEET 31 MARCH 2021
| Notes FIXED ASSETS Intangible assets 13 Tangible assets 14 Investments 15 CURRENT ASSETS Stocks 16 Debtors 17 Investments 18 Cash at bank and in hand CREDITORS Amounts falling due within one year 19 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 22 Unrestricted funds Restricted funds TOTAL FUNDS |
2021 £ 377 881,393 2 881,772 225 270,830 563,234 1,351,251 2,185,540 (96,954) 2,088,586 2,970,358 2,970,358 1,604,916 1,365,442 2,970,358 |
2020 £ 429 885,957 2 886,388 225 110,548 447,331 1,210,479 1,768,583 (99,882) 1,668,701 2,555,089 2,555,089 1,361,135 1,193,954 2,555,089 |
|---|---|---|
The notes form part of these financial statements
continued...
Page 18
AGE UK SUNDERLAND (REGISTERED NUMBER: 04199449)
BALANCE SHEET - continued 31 MARCH 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 23 July 2021 and were signed on its behalf by:
G Miller - Trustee
The notes form part of these financial statements
Page 19
AGE UK SUNDERLAND
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2021
| Notes Cash flows from operating activities Cash generated from operations 25 Net cash provided by/(used in) operating activities Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fixed assets Sale of current asset investments Purchase of current asset investments Interest received Dividends received Net cash used in investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 203,699 203,699 (58,868) 400 83,735 (101,609) 2,637 10,778 (62,927) 140,772 1,210,479 1,351,251 |
2020 £ (57,207) (57,207) (197,118) - 62,442 (74,075) 7,059 12,128 (189,564) (246,771) 1,457,250 1,210,479 |
|---|---|---|
The notes form part of these financial statements
Page 20
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided on a straight line basis over 10 years in order to write down the asset over its term of ownership.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Freehold property | - 2% on cost |
|---|---|
| Long leasehold | - in accordance with the property |
| Fixtures and fittings | - 10% on cost |
| Motor vehicles | - 20% on cost |
| Computer equipment | - 25% on cost |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
continued...
Page 21
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES - continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. DONATIONS AND LEGACIES
| Donations 3. INVESTMENT INCOME Rents received Interest receivable Dividend received |
2021 £ 31,868 2021 £ 11,750 2,637 10,778 25,165 |
2020 £ 27,434 2020 £ 23,250 7,059 12,128 42,437 |
|---|---|---|
continued...
Page 22
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
4. INCOME FROM CHARITABLE ACTIVITIES
| INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|
| Activity Contract income Core, Advice & Day Services Grants Core, Advice & Day Services Trading income Core, Advice & Day Services Sundry income Core, Advice & Day Services Contract income Independent Living Grants Independent Living Trading income Independent Living Sundry income Independent Living Contract income ActivAge Grants ActivAge Trading income ActivAge Grants received, included in the above, are as follows: Sunderland City Council The Big Lottery Fund Age UK Tyne & Wear and Northumberland Community Foundation Department for Transport FISCUS Good Things Fund Kellet Fund Charities Aid Foundation NHS Sunderland CCG Job Retention Scheme |
2021 £ 45,294 374,759 222,078 2,924 822,912 545,493 - 24 - 46,204 - 2,059,688 2021 £ 572,857 94,023 123,850 19,000 1,035 8,776 3,125 23,833 32,889 15,000 72,068 966,456 |
2020 £ 44,668 156,200 216,392 (3,540) 792,993 278,826 92,300 - 832 63,806 41,780 1,684,257 2020 £ 258,370 103,263 112,836 (2,854) 2,462 4,604 3,940 16,211 - - - 498,832 |
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
5. RAISING FUNDS
Other trading activities
| Other trading activities | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Event costs | - | 220 |
6. CHARITABLE ACTIVITIES COSTS
| Grant funding of activities Direct (see note Costs 7) £ £ Core, Advice & Day Services 432,309 - Independent Living 1,051,656 - ActivAge 64,861 2,000 1,548,826 2,000 7. GRANTS PAYABLE Independent Living ActivAge The total grants paid to institutions during the year was as follows: Sunderland Carers Centre Age UK North Tyneside Age UK Gateshead Age UK County Durham Age UK Barrow & District Age UK Northumberland Age Concern Tyneside South Age UK Teesside Age UK North Yorkshire Sunderland PRIDE |
Support costs (see note 8) £ 76,598 165,600 6,457 248,655 2021 £ - 2,000 2,000 2021 £ - - - - - - - - - 2,000 2,000 |
Totals £ 508,907 1,217,256 73,318 1,799,481 2020 £ 55,779 2,692 58,471 2020 £ 5,530 4,250 8,499 6,375 6,000 12,750 3,000 6,375 3,000 2,692 58,471 |
|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
8. SUPPORT COSTS
| SUPPORT COSTS | ||
|---|---|---|
| Management £ Core, Advice & Day Services 37,440 Independent Living 127,290 ActivAge 5,018 169,748 |
Governance Finance costs £ £ 11,609 27,549 38,310 - 1,439 - 51,358 27,549 |
Totals £ 76,598 165,600 6,457 |
| 248,655 |
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Auditors' remuneration | 5,760 | 5,700 |
| Depreciation - owned assets | 63,432 | 62,950 |
| Hire of plant and machinery | 2,944 | 2,858 |
| Surplus on disposal of fixed assets | (400) | - |
| Patents and licences amortisation | 52 | 52 |
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Page 25
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Wages and salaries | 1,244,184 | 1,255,215 |
| Social security costs | 78,979 | 80,484 |
| Other pension costs | 20,296 | 21,350 |
| 1,343,459 | 1,357,049 | |
| During the year, key management personnel received remuneration of £169,748 (2020 - | £146,588). | |
| The average monthly number of employees during the year was as follows: |
| 2021 All staff 91 No employees received emoluments in excess of £60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted funds funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,575 10,859 Charitable activities Core, Advice & Day Services 252,636 161,084 Independent Living 109,482 1,054,637 ActivAge 46,552 59,866 Investment income 42,086 351 Total 467,331 1,286,797 EXPENDITURE ON Raising funds 220 - Charitable activities Core, Advice & Day Services 411,395 188,077 Independent Living 102,085 1,079,199 ActivAge 50,013 75,938 Total 563,713 1,343,214 |
2020 93 Total funds £ 27,434 413,720 1,164,119 106,418 42,437 1,754,128 220 599,472 1,181,284 125,951 1,906,927 |
|---|---|
Page 26
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
-12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13. INTANGIBLE FIXED ASSETS COST At 1 April 2020 and 31 March 2021 AMORTISATION At 1 April 2020 Charge for year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Unrestricted funds £ (44,420) (140,802) 1,501,937 1,361,135 |
Restricted funds £ - (56,417) 1,250,371 1,193,954 |
Total funds £ (44,420) (197,219) 2,752,308 2,555,089 Patents and licences £ 520 91 52 143 377 429 |
|---|---|---|---|
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Page 27
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
14. TANGIBLE FIXED ASSETS
| COST At 1 April 2020 Additions Disposals At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year Eliminated on disposal At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 COST At 1 April 2020 Additions Disposals At 31 March 2021 DEPRECIATION At 1 April 2020 Charge for year Eliminated on disposal At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Freehold property £ 791,101 - - 791,101 302,747 15,822 - 318,569 472,532 488,354 Motor vehicles £ 302,900 47,626 (31,995) 318,531 209,237 27,545 (31,995) 204,787 113,744 93,663 |
Fixtures Long and leasehold fittings £ £ 279,727 165,484 - 920 - - 279,727 166,404 50,913 96,444 5,125 10,364 - - 56,038 106,808 223,689 59,596 228,814 69,040 Computer equipment Totals £ £ 106,596 1,645,808 10,322 58,868 - (31,995) 116,918 1,672,681 100,510 759,851 4,576 63,432 - (31,995) 105,086 791,288 11,832 881,393 6,086 885,957 |
|---|---|---|
continued...
Page 28
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
15. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Shares in | |
| group | |
| undertaking | |
| £ | |
| MARKET VALUE | |
| At 1 April 2020 and 31 March 2021 | 2 |
| NET BOOK VALUE | |
| At 31 March 2021 | 2 |
| At 31 March 2020 | 2 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Age UK Sunderland Services Limited
Registered office: Grange House, Stockton Road, Sunderland, SR2 7AQ Nature of business: Dormant company
| Nature of business: Dormant company | |||
|---|---|---|---|
| % | |||
| Class of share: | holding | ||
| Ordinary | 100 | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Aggregate capital and reserves | (1,195) | (1,195) |
Healthwatch Sunderland Ltd
Registered office: Grange House, Stockton Road, Sunderland, SR2 7AQ Nature of business: Dormant company
Healthwatch Sunderland Ltd prepares its accounts to 31 December. It is a company limited by guarantee and has never traded.
Age UK Sunderland Services Limited and Healthwatch Sunderland Ltd were dormant throughout the year ended 31 March 2021. Their results have not been consolidated with those of the Age UK Sunderland as their inclusion is not material for the purpose of giving a true and fair view, in accordance with section 405(2) of the Companies Act 2006.
continued...
Page 29
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 16. STOCKS Stocks 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income 18. CURRENT ASSET INVESTMENTS Listed investments 19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Other creditors Accruals and deferred income Deferred Income Included within Accruals and Deferred Income are the following amounts advance of delivery of the related services or expenditure incurred. Balance at 1 April 2020 Released to incoming resources Amount deferred in year Balance at 31 March 2021 |
|
|---|---|
Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
20. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year Between one and five years In more than five years |
2021 £ 19,229 74,459 189,725 283,413 |
2020 £ 16,613 58,954 203,800 279,367 |
|---|---|---|
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed assets Investments Current assets Current liabilities |
Unrestricted funds £ 285,990 2 1,389,415 (70,491) 1,604,916 |
Restricted funds £ 595,780 - 796,125 (26,463) 1,365,442 |
2021 Total funds £ 881,770 2 2,185,540 (96,954) 2,970,358 |
2020 Total funds £ 886,386 2 1,768,583 (99,882) 2,555,089 |
|---|---|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
22. MOVEMENT IN FUNDS
| Unrestricted funds General Fund Legacy Fund Development Fund Property Maintenance Fund Restricted funds Information, Advice, Benefits and Energy Warm Front Keep Them Warm Social Focus Hospital Discharge Fit as a Fiddle ICT Learning Centres Hardship Fund Building Fund Sustainable Homes Essence Service British Gas Winter Health Friends & Neighbours Sunderland MOD Advocacy Sep 2017 Living with and beyond cancer Meaningful Connections Front Door BUPA - Caring for Carers Men in Sheds Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) AA Dementia MCST Dementia MCST Crisis - Covid 19 Loneliness & Isolation Task Force TOTAL FUNDS |
At 1/4/20 £ 341,576 239,833 554,000 225,726 1,361,135 28,610 26,513 10,799 12,111 47,245 5,832 5,228 4,942 612,473 4,042 199,019 8,166 1,550 1,535 15,653 34,349 (332) 104,584 1,082 449 41,593 26,670 2,277 (48) (388) - - 1,193,954 2,555,089 |
Net movement in funds £ 73,470 - - - 73,470 7,138 - - (466) 6,504 - - - (16,693) - 42,719 - - 1,683 4,917 - 2,263 184,985 - (29) (34,340) (21,840) 3,816 - - 61,142 100,000 341,799 415,269 |
Transfers between funds £ 170,311 - - - 170,311 - - - - - - - - - - (163,975) - - - (1,320) - (1,931) (479) - (420) (1,702) - - 48 388 (920) - (170,311) - |
At 31/3/21 £ 585,357 239,833 554,000 225,726 1,604,916 35,748 26,513 10,799 11,645 53,749 5,832 5,228 4,942 595,780 4,042 77,763 8,166 1,550 3,218 19,250 34,349 - 289,090 1,082 - 5,551 4,830 6,093 - - 60,222 100,000 1,365,442 2,970,358 |
|---|---|---|---|---|
continued...
Page 32
AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
22. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Information, Advice, Benefits and Energy Social Focus Hospital Discharge Building Fund Essence Service MOD Advocacy Sep 2017 Meaningful Connections Front Door Men in Sheds Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) Crisis - Covid 19 Lifestyle - National Loneliness & Isolation Task Force TOTAL FUNDS |
Incoming resources £ 459,836 44,301 45,294 40,113 - 402,981 1,683 71,812 22,371 639,388 - 163,463 - 23,833 76,705 24,941 100,000 1,656,885 2,116,721 |
Resources expended £ (484,395) (37,163) (45,760) (33,609) (16,693) (360,262) - (66,895) (20,108) (454,403) (29) (197,803) (21,840) (20,017) (15,563) (24,941) - (1,315,086) (1,799,481) |
Gains and losses £ 98,029 - - - - - - - - - - - - - - - - - 98,029 |
Movement in funds £ 73,470 7,138 (466) 6,504 (16,693) 42,719 1,683 4,917 2,263 184,985 (29) (34,340) (21,840) 3,816 61,142 - 100,000 341,799 415,269 |
|---|---|---|---|---|
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
22. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General Fund Legacy Fund Development Fund Property Maintenance Fund Restricted funds Information, Advice, Benefits and Energy Warm Front Keep Them Warm Social Focus Hospital Discharge Fit as a Fiddle ICT Learning Centres Hardship Fund Building Fund Sustainable Homes Essence Service British Gas Winter Health Friends & Neighbours Sunderland MOD Advocacy Sep 2017 Living with and beyond cancer Meaningful Connections Front Door BUPA - Caring for Carers Men in Sheds Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) AA Dementia MCST Dementia MCST TOTAL FUNDS |
At 1/4/19 £ 482,378 239,833 554,000 225,726 1,501,937 29,042 26,513 10,799 11,209 45,499 5,225 5,228 4,942 629,166 4,042 184,302 8,166 4,404 3,851 16,135 94,369 2,404 137,985 10,469 16,621 - - - - - 1,250,371 2,752,308 |
Net movement in funds £ (140,802) - - - (140,802) (432) - - 902 1,746 607 - - (16,693) - 14,717 - (2,854) (2,316) (482) (60,020) (2,736) (33,401) (9,387) (16,172) 41,593 26,670 2,277 (48) (388) (56,417) (197,219) |
At 31/3/20 £ 341,576 239,833 554,000 225,726 1,361,135 28,610 26,513 10,799 12,111 47,245 5,832 5,228 4,942 612,473 4,042 199,019 8,166 1,550 1,535 15,653 34,349 (332) 104,584 1,082 449 41,593 26,670 2,277 (48) (388) 1,193,954 2,555,089 |
|---|---|---|---|
continued...
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
22. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General Fund Restricted funds Information, Advice, Benefits and Energy Social Focus Hospital Discharge Fit as a Fiddle Building Fund Essence Service Friends & Neighbours Sunderland MOD Advocacy Sep 2017 Living with and beyond cancer Meaningful Connections Front Door BUPA - Caring for Carers Men in Sheds Living Well Link Service Hospital Discharge - Escalation (Covid 19) Kellet (Active Friends) AA Dementia MCST Dementia MCST TOTAL FUNDS |
Incoming resources £ 467,331 34,186 44,668 43,628 - - 391,225 (2,854) 20,194 70,008 - 33,655 408,570 - - 190,178 26,670 16,211 10,000 458 1,286,797 1,754,128 |
Resources expended £ (563,713) (34,618) (43,766) (41,882) 607 (16,693) (376,508) - (22,510) (70,490) (60,020) (36,391) (441,971) (9,387) (16,172) (148,585) - (13,934) (10,048) (846) (1,343,214) (1,906,927) |
Gains and losses £ (44,420) - - - - - - - - - - - - - - - - - - - - (44,420) |
Movement in funds £ (140,802) (432) 902 1,746 607 (16,693) 14,717 (2,854) (2,316) (482) (60,020) (2,736) (33,401) (9,387) (16,172) 41,593 26,670 2,277 (48) (388) (56,417) (197,219) |
|---|---|---|---|---|
Transfers between funds
Transfers from restricted reserves to the general fund represent capital expenditure made in accordance with the terms of the related funding. Such transfers amounted to £170,795 of which £160,325 relates to capital expenditure made in previous financial years.
Page 35
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 23. CAPITAL COMMITMENTS Contracted but not provided for in the financial statements 24. RELATED PARTY DISCLOSURES |
2021 £ - |
2020 £ 47,620 |
|---|---|---|
There were no related party transactions for the year ended 31 March 2021.
25. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges (Gain)/losses on investments Profit on disposal of fixed assets Interest received Dividends received (Increase)/decrease in debtors Decrease in creditors Net cash provided by/(used in) operations |
2021 £ 415,269 63,484 (98,029) (400) (2,637) (10,778) (160,282) (2,928) 203,699 |
2020 £ (197,219) 63,002 44,420 - (7,059) (12,128) 126,678 (74,901) (57,207) |
|---|---|---|
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AGE UK SUNDERLAND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
26. ANALYSIS OF CHANGES IN NET FUNDS
| Net cash Cash at bank and in hand Less: Deposits treated as liquid resources Liquid resources Deposits included in cash Current asset investments Total |
At 1/4/20 £ 1,210,479 (425,000) 785,479 425,000 447,331 872,331 1,657,810 |
Cash flow £ 140,772 - 140,772 - 115,903 115,903 256,675 |
At 31/3/21 £ 1,351,251 (425,000) 926,251 425,000 563,234 988,234 1,914,485 |
|---|---|---|---|
27. LEGAL STATUS
The charity is incorporated under the Companies Act as a company limited by guarantee. Every Member promises, if the charity is dissolved while they remain a member or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the charity while they were a member. The company's registered number and registered office address can be found within Reference and Administrative Details.
28. APB ETHICAL STANDARDS
In common with many other businesses of our size and nature, we use our auditors to assist with the preparation of the financial statements.
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