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2023-03-31-accounts

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 2023

FOR

AGE UK SUNDERLAND

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 2023

Page
Report of the Trustees 1 to 9
Report of the Independent Auditors 10 to 12
Statement of Financial Activities 13
Balance Sheet 14
Cash Flow Statement 15
Notes to the Financial Statements 16 to 31

AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023. 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 (AUKS) 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.

AUKS 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.

AUKS 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 that 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.

ACHIEVEMENT AND PERFORMANCE

We have a team of dedicated staff and volunteers who have provided valuable support across 20 services during 2022/23, 28,831 clients were supported across all services resulting in over 82,240 contacts from older people.

Our team of 136 volunteers are a pivotal resource in ensuring the support across the City and provided approximately 16,611 hours of capacity to the organisation during 2022/23 as a collective. Calculated on the living wage this would have accumulated a total cost to AUKS of over £157,804 during this period to employ this team.

The key charitable activities and their achievements within the financial year ended 31 March 2023 are as follows:

- 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 a mild to moderate diagnosis of dementia and their carers.

Funded by NHS North East & North Cumbria Integrated Care Board (ICB), 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.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE - continued

Funded by NHS North East & North Cumbria Integrated Care Board (ICB), Age UK Sunderland’s Dementia Diagnostic Service provides support and information regarding a dementia assessment with the Memory Protection Service (MPS) and supports individuals through the process.

Most people tell us after a diagnosis that its “better to know”. Once a diagnosis is received the Essence Service can then provide ongoing dedicated support to ensure that you and your carer live well and have access to all relevant information and support services.

Funded by NHS North East & North Cumbria Integrated Care Board (ICB), the CIT Living Well Link Service works to support the most vulnerable 3%, identified by their local GPs who:

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.

Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS'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 also acts as a form of signposting and support looking to promote independence to get people integrated back into their local community.

Based in the Discharge Lounge at Sunderland Royal Hospital and funded by Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS'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 2022/23 the service received additional developmental funding for a 12-month period to support older people aged 50+ for up to a 6-week period.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE - continued

Funded by Sunderland City Council (SCC), AUKS's Front Door social prescribing programme provides lowlevel 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 low-level 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 an holistic approach to health and wellbeing to ensure older people get the right support at the right time focussing on non-clinical solutions.

FD 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 CSCs, which are held in a number of venues across all five localities of the City.

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.

Advocacy Service (match funded by the National Lottery Community Fund)

AUKS'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 helps older 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.

- Information & Advice Service (I&AS)

AUKS's I&AS provides a free and confidential service, which offers support to older people across the 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. 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.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACHIEVEMENT AND PERFORMANCE - continued

AUKS'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 to support independence. The Lifestyle service is mainly providing light housework, shopping for clients and companionship.

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. This service is a self-funded service.

- Metcalfe Dementia Day Service

The Metcalfe dementia day service is 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. This service was suspended due to Covid restrictions and will be escalated again in 2023.

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. All volunteer costs are reimbursed.

- 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.

- Menopause Project

Funded by NHS North East & North Cumbria Integrated Care Board (ICB), AUKS is trailblazing in highlighting issues around menopause by implementing a ground-breaking project to provide opportunities for women to access support in relation to the impact of menopause in their private and working lives.

- Warm Hearts, Warm City Project

This project comprises of a number of components in order to alleviate the anxiety and stress the current energy/cost of living crisis is having on many older people across Sunderland aged 50+.

The areas of support included a hardship fund for older people that are experiencing financial hardship due to changes in circumstances and increased financial pressures during cost of living crisis, the distribution of electric blankets as a cheaper way of keeping warm as it is more economical to heat the person rather than the house, the distribution of warm home packs and free support from our Lifestyle service.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW

The organisation forecasted a £553,856 deficit in the year 2022/23 with planned use of both restricted and unrestricted reserves. Whilst this is not an ideal position for the charity, the Trustees consider that the charity has had a good financial performance in the year ended 31 March 2023 resulting in an actual deficit of £23,789 (£530,067 positive variance) via a range of initiatives.

The balance sheet has a net assets position of £2,916,709 (2022: £2,940,498) of which £1,443,794 (2022: £1,391,076) was subject to restriction and the total income of the organisation in the financial year was £1,823,597 (2022: £1,659,794) of which £1,373,191 (2022: £1,270,097) was subject to restriction.

The Trustees would like to take this opportunity to thank AUKS senior management team, volunteers, partners and other donors to the charity for their continued support. The organisation is in a good financial position to continue to provide and develop existing services to a wide range of older people in the future and this is particularly positive in view of the challenging and rapidly changing funding environment facing the charitable sector.

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 clients.

The current Reserves Policy is that the charity retains unrestricted reserves equivalent in value to 6 months of average expenditure plus estimated redundancy costs for staff.

Within these reserves AUKS also has designated funds to support new projects and maintain and develop charity premises further details are available within note 20 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 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 2023 the Trustees consider the investments to have had a satisfactory performance with dividend and interest received (and reinvested) of £12,729, compared to £11,654 generated in the previous financial year. The capital value of the investments held at the end of the year was £566,783 (2022: £590,880), including cash. This represents a total decrease in value of the investment held at the yearend of 4.25% over the financial year, this was principally driven by the impact of inflation and central bank interest rates during the year (See note 16 of the financial statements).

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

FINANCIAL REVIEW - continued

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.

AUKS's day to day operations are led by a Director and senior management team of 2 members. In the financial year 2022/23 the total salary cost within the SMT band was £40,331 to £61,862, (2021/22: £39,112 to £60,000).

FUTURE PLANS

AUKS continues to implement the organisational recovery plan following the impact of the pandemic. Further recovery from the impact of the pandemic is paramount in AUKS's plans for the sustainment and development of services

Plans for new service development are underway including escalation of AUKS Metcalfe Centre.

AUKS's new organisational strategy 2022-25 has been developed to ensure that we continue to provide our future ambitions.

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 2023 equated to £27,801 of total income (2022: £58,186) and these monies support development of future activities to meet the needs of older people.

Future Developments

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.

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 AUKS 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 20 to the accounts.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is governed by it's Memorandum and Articles of Assoiciation 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 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's Chief Executive Officer is appointed by the Board of Trustees and employed by the charity and holds the title of Director of the charity.

AUKS has wholly owned subsidiaries (Age UK Sunderland Services Limited and HealthWatch Sunderland Limited) both were not trading during the financial year 2022/23 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 an organisational 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.

FUNDRAISING STANDARDS

AUKS'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 202/23 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.

AUKS follows The Institute of Fundraising's "Treating Donors Fairly" guidance at all times.

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

04199449

Registered Charity number 1086995

Registered office

Bradbury Centre, Grange House, Stockton Road, Sunderland, SR2 7AQ

Trustees

G Miller Chair C Harries M Jackson A L Lawson-McLean C McCartney Appointed 23 March 2023 A McDermott Appointed 26 January 2023 R P McLachlan F Miller K Robinson Appointed 14 November 2022 N L Sharp Appointed 26 January 2023 E S Turner Retired 28 April 2022

Senior Management Team

T T Collins Director L Abdulla Operations Manager D M Hepple Finance Manager

Company Secretary

T T 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

Investment Brokers

Rowan Dartington, Temple Point, Radcliffe Way, Bristol, BS1 6NL

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AGE UK SUNDERLAND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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

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:

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 21 July 2023 and signed on its behalf by:

G Miller - Trustee

Page 9

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 2023 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:

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:

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:

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.

Page 11

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:

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 July 2023

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AGE UK SUNDERLAND

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Core, Advice & Day Services
Independent Living
ActivAge
Investment income
3
Total
EXPENDITURE ON
Charitable activities
5
Core, Advice & Day Services
Independent Living
ActivAge
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
20
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
13,065
227,843
154,046
16,756
38,696
450,406
311,392
167,206
22,799
501,397
(30,046)
(81,037)
4,530
(76,507)
1,549,422
1,472,915
Restricted
funds
£
14,736
144,501
1,181,636
30,968
1,350
1,373,191
169,153
1,113,642
33,148
1,315,943
-
57,248
(4,530)
52,718
1,391,076
1,443,794		 2023

Total
funds
£
27,801
372,344
1,335,682
47,724
40,046
1,823,597
480,545
1,280,848
55,947
1,817,340
(30,046)
(23,789)
-
(23,789)
2,940,498
2,916,709		 2022
Total
funds
£
58,186
287,528
1,201,358
77,493
35,229
1,659,794
439,856
1,181,626
77,141
1,698,623
8,969
(29,860)
-
(29,860)
2,970,358
2,940,498

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 13

AGE UK SUNDERLAND (REGISTERED NUMBER: 04199449)

BALANCE SHEET 31 MARCH 2023

Notes
FIXED ASSETS
Intangible assets
11
Tangible assets
12
Investments
13
CURRENT ASSETS
Stocks
14
Debtors
15
Investments
16
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
17
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
20
Unrestricted funds
Restricted funds
TOTAL FUNDS		 2023
£
273
763,520
2
763,795
225
71,526
554,109
1,877,666
2,503,526
(350,612)
2,152,914
2,916,709
2,916,709
1,472,915
1,443,794
2,916,709		 2022
£
325
829,545
2
829,872
225
207,012
560,651
1,770,243
2,538,131
(427,505)
2,110,626
2,940,498
2,940,498
1,549,422
1,391,076
2,940,498

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 21 July 2023 and were signed on its behalf by:

G Miller - Trustee

The notes form part of these financial statements

Page 14

AGE UK SUNDERLAND

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash flows from operating activities
Cash generated from operations
22
Net cash provided by 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)/provided by 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		 2023
£
125,183
125,183
(5,645)
-
162,992
(195,900)
8,001
12,792
(17,760)
107,423
1,770,243
1,877,666		 2022
£
395,044
395,044
(18,186)
1,000
(109,025)
129,981
8,524
11,654
23,948
418,992
1,351,251
1,770,243

The notes form part of these financial statements

Page 15

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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.

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.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Page 16

continued...

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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
Legacies		 2023
£
27,801
-
27,801		 2022
£
27,455
30,731
58,186

3. INVESTMENT INCOME

Rents received
Interest receivable
Dividend received		 2023
£
19,253
8,001
12,792
40,046		 2022
£
15,051
8,524
11,654
35,229

continued...

Page 17

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

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
Grants
ActivAge
Trading income
ActivAge
Grants received, included in the above, are as follows:
Sunderland City Council
The Big Lottery Fund
Age UK
Department for Transport
Good Things Foundation
Kellet Fund
Job Retention Scheme
Health and Wellbeing Fund
Armed Forces Covenant Fund Trust
Sport England
Sunderland Carers
Sunderland Safety Group		 2023
£
66,748
90,271
213,669
1,656
756,221
424,757
154,046
658
30,944
16,780
1,755,750
2023
£
407,121
69,236
10,000
1,035
496
24,207
-
-
3,958
2,283
10,000
17,636
545,972		 2022
£
45,294
143,728
80,101
18,405
624,345
413,610
163,403
-
55,957
21,536
1,566,379
2022
£
426,497
68,920
59,897
2,109
3,200
24,001
16,586
1,544
5,541
5,000
-
-
613,295

continued...

Page 18

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

5. CHARITABLE ACTIVITIES COSTS

Core, Advice & Day Services
Independent Living
ActivAge
6.
SUPPORT COSTS		 Direct
Costs
£
413,354
1,109,947
51,459
1,574,760		 Support
costs (see
note 6)
£
67,191
170,901
4,488
242,580		 Totals
£
480,545
1,280,848
55,947
1,817,340
Management
£
Core, Advice & Day Services
20,030
Independent Living
140,084
ActivAge
3,644
163,758		 Governance
Finance
costs
£
£
5,263
41,898
30,493
324
811
33
36,567
42,255		 Totals
£
67,191
170,901
4,488
242,580

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£ £
Auditors' remuneration 5,880 5,880
Depreciation - owned assets 71,670 70,034
Hire of plant and machinery 7,210 6,457
Surplus on disposal of fixed assets - (1,000)
Patents and licences amortisation 52 52

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

continued...

Page 19

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

9. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2023
£
1,206,832
73,474
18,084
1,298,390		 2022
£
1,191,635
69,453
18,885
1,279,973

During the year, key management personnel received remuneration of £168,077 (2022 - £173,791).

The average monthly number of employees during the year was as follows:

2023 2022
All staff 82 84

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

£60,001 - £70,000
£70,001 - £80,000		 2023
1
-
1		 2022
-
1
1

continued...

Page 20

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
45,700
12,486
Charitable activities
Core, Advice & Day Services
123,837
163,691
Independent Living
163,403
1,037,955
ActivAge
21,528
55,965
Investment income
35,229
-
Total
389,697
1,270,097
EXPENDITURE ON
Charitable activities
Core, Advice & Day Services
283,175
156,681
Independent Living
151,863
1,029,763
ActivAge
22,605
54,536
Total
457,643
1,240,980
Net gains on investments
8,969
-
NET INCOME/(EXPENDITURE)
(58,977)
29,117
Transfers between funds
3,483
(3,483)
Net movement in funds
(55,494)
25,634
RECONCILIATION OF FUNDS
Total funds brought forward
1,604,916
1,365,442
TOTAL FUNDS CARRIED
FORWARD
1,549,422
1,391,076
Total
funds
£
58,186
287,528
1,201,358
77,493
35,229
1,659,794
439,856
1,181,626
77,141
1,698,623
8,969
(29,860)
-
(29,860)
2,970,358
2,940,498

continued...

Page 21

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

11. INTANGIBLE FIXED ASSETS

COST
At 1 April 2022 and 31 March 2023
AMORTISATION
At 1 April 2022
Charge for year
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
12.
TANGIBLE FIXED ASSETS
COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Freehold
property
£
791,101
-
-
791,101
334,391
15,822
-
350,213
440,888
456,710		 Long
leasehold
£
279,727
-
-
279,727
61,163
5,126
-
66,289
213,438
218,564		 Patents
and
licences
£
520
195
52
247
273
325
Fixtures
and
fittings
£
170,138
1,115
(616)
170,637
117,339
10,611
(616)
127,334
43,303
52,799

continued...

Page 22

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. TANGIBLE FIXED ASSETS - continued

COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
13.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2022 and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Motor
vehicles
£
258,739
-
-
258,739
177,303
32,309
-
209,612
49,127
81,436		 Computer
equipment
Totals
£
£
120,522
1,620,227
4,530
5,645
-
(616)
125,052
1,625,256
100,486
790,682
7,802
71,670
-
(616)
108,288
861,736
16,764
763,520
20,036
829,545
Shares in
group
undertaking
£
2
2
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

%
Class of share: holding
Ordinary 100
2023 2022
£ £
Aggregate capital and reserves (1,195) (1,195)

continued...

Page 23

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

13. FIXED ASSET INVESTMENTS - continued

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 2023. 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.

14. STOCKS

Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
16.
CURRENT ASSET INVESTMENTS
Listed investments		 2023
£
225
2023
£
36,986
1,195
200
33,145
71,526
2023
£
554,109		 2022
£
225
2022
£
152,782
1,195
3,598
49,437
207,012
2022
£
560,651

continued...

Page 24

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income		 2023
£
42,874
19,495
12,530
275,713
350,612		 2022
£
37,251
21,411
28,769
340,074
427,505

Deferred Income

Included within Accruals and Deferred Income are the following amounts comprising income received in advance of delivery of the related services or expenditure incurred.

Balance at 1 April 2022
Released to incoming resources

Amount deferred in year
Balance at 31 March 2023		 £
297,302
(202,998)
136,213
230,517

18. 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		 2023
£
20,333
68,983
161,575
250,891		 2022
£
20,645
74,943
175,650
271,238

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Fixed assets
Investments
Current assets
Current liabilities		 Unrestricted
funds
£
201,400
2
1,391,608
(120,095)
1,472,915
Restricted
funds
£
562,393
-
1,111,918
(230,517)
1,443,794		 2023

Total
funds
£
763,793
2
2,503,526
(350,612)
2,916,709		 2022
Total
funds
£
829,870
2
2,538,131
(427,505)
2,940,498

Page 25

continued...

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. 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
Hardship Fund
Building Fund
Sustainable Homes
Essence Service
British Gas Winter Health
Friends & Neighbours Sunderland
MOD
Advocacy Sep 2017
Living with and beyond cancer
Front Door
BUPA - Caring for Carers
Living Well Link Service
Hospital Discharge - Escalation (Covid
19)
Kellet (Active Friends)
AA Dementia MCST
Crisis - Covid 19
Loneliness & Isolation Task Force
Better Mental Health
Dementia Diagnosis Service
Armed Forces Covenant Fund Trust
Walking Football
Good Things Foundation
Befriending
Menopause Support Service
TOTAL FUNDS		 At 1/4/22
£
529,863
239,833
554,000
225,726
1,549,422
36,949
26,513
10,799
34,379
57,482
5,832
4,942
579,086
4,042
131,403
8,166
1,550
3,218
11,035
27,224
270,001
1,082
17,111
4,021
3,062
917
75,040
63,941
4,559
-
2,555
2,785
3,382
-
-
1,391,076
2,940,498		 Net
movement

in funds
£
(81,037)
-
-
-
(81,037)
(30,851)
-
-
31,908
27,338
-
(85)
(16,693)
-
63,030
-
-
-
(5,649)
(10,421)
(15,882)
-
14,425
(858)
3,220
(297)
(1,707)
(14,477)
(2,812)
16,881
(2,372)
(2,785)
54
3,365
1,916
57,248
(23,789)		 Transfers

between

funds
£
4,530
-
-
-
4,530
-
-
-
-
(1,140)
-
-
-
-
(2,742)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(648)
-
-
-
-
-
(4,530)
-
At
31/3/23
£
453,356
239,833
554,000
225,726
1,472,915
6,098
26,513
10,799
66,287
83,680
5,832
4,857
562,393
4,042
191,691
8,166
1,550
3,218
5,386
16,803
254,119
1,082
31,536
3,163
6,282
620
73,333
49,464
1,747
16,233
183
-
3,436
3,365
1,916
1,443,794
2,916,709

Page 26

continued...

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. 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
Hardship Fund
Building Fund
Essence Service
Advocacy Sep 2017
Living with and beyond cancer
Front Door
Living Well Link Service
Hospital Discharge - Escalation (Covid
19)
Kellet (Active Friends)
AA Dementia MCST
Crisis - Covid 19
Loneliness & Isolation Task Force
Better Mental Health
Dementia Diagnosis Service
Armed Forces Covenant Fund Trust
Walking Football
Good Things Foundation
Befriending
Menopause Support Service
Cost of Living Crisis
TOTAL FUNDS		 Incoming
resources
£
450,406
7,031
46,064
146,431
-
-
402,333
69,561
-
407,824
166,191
-
24,207
-
-
-
4,869
45,582
3,958
2,307
496
10,000
18,701
17,636
1,373,191
1,823,597
Resources

expended
£
(501,397)
(37,882)
(14,156)
(119,093)
(85)
(16,693)
(339,303)
(75,210)
(10,421)
(423,706)
(151,766)
(858)
(20,987)
(297)
(1,707)
(14,477)
(7,681)
(28,701)
(6,330)
(5,092)
(442)
(6,635)
(16,785)
(17,636)
(1,315,943)
(1,817,340)
Gains and

losses
£
(30,046)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(30,046)
Movement
in funds
£
(81,037)
(30,851)
31,908
27,338
(85)
(16,693)
63,030
(5,649)
(10,421)
(15,882)
14,425
(858)
3,220
(297)
(1,707)
(14,477)
(2,812)
16,881
(2,372)
(2,785)
54
3,365
1,916
-
57,248
(23,789)

continued...

Page 27

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. 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
Front Door
BUPA - Caring for Carers
Living Well Link Service
Hospital Discharge - Escalation (Covid
19)
Kellet (Active Friends)
AA Dementia MCST
Crisis - Covid 19
Loneliness & Isolation Task Force
Better Mental Health
Armed Forces Covenant Fund Trust
Walking Football
Good Things Foundation
TOTAL FUNDS		 At 1/4/21
£
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		 Net
movement

in funds
£
(58,977)
-
-
-
(58,977)
1,201
-
-
22,734
5,789
-
-
-
(16,694)
-
54,215
-
-
-
(8,215)
(7,125)
(19,089)
-
11,560
(809)
(3,031)
1,769
14,818
(36,059)
4,559
2,555
2,785
(1,846)
29,117
(29,860)		 Transfers

between

funds
£
3,483
-
-
-
3,483
-
-
-
-
(2,056)
-
(5,228)
-
-
-
(575)
-
-
-
-
-
-
-
-
-
-
(852)
-
-
-
-
-
5,228
(3,483)
-
At
31/3/22
£
529,863
239,833
554,000
225,726
1,549,422
36,949
26,513
10,799
34,379
57,482
5,832
-
4,942
579,086
4,042
131,403
8,166
1,550
3,218
11,035
27,224
270,001
1,082
17,111
4,021
3,062
917
75,040
63,941
4,559
2,555
2,785
3,382
1,391,076
2,940,498

continued...

Page 28

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

20. 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
Building Fund
Essence Service
Advocacy Sep 2017
Living with and beyond cancer
Front Door
Living Well Link Service
Hospital Discharge - Escalation (Covid
19)
Kellet (Active Friends)
AA Dementia MCST
Crisis - Covid 19
Loneliness & Isolation Task Force
Better Mental Health
Dementia Diagnosis Service
Armed Forces Covenant Fund Trust
Walking Football
Good Things Foundation
TOTAL FUNDS		 Incoming
resources
£
389,697
38,491
45,294
49,028
-
394,512
68,945
-
410,406
163,423
-
24,001
19,026
17,795
-
24,350
1,085
5,541
5,000
3,200
1,270,097
1,659,794
Resources

expended
£
(457,643)
(37,290)
(22,560)
(43,239)
(16,694)
(340,297)
(77,160)
(7,125)
(429,495)
(151,863)
(809)
(27,032)
(17,257)
(2,977)
(36,059)
(19,791)
(1,085)
(2,986)
(2,215)
(5,046)
(1,240,980)
(1,698,623)
Gains and

losses
£
8,969
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,969
Movement
in funds
£
(58,977)
1,201
22,734
5,789
(16,694)
54,215
(8,215)
(7,125)
(19,089)
11,560
(809)
(3,031)
1,769
14,818
(36,059)
4,559
-
2,555
2,785
(1,846)
29,117
(29,860)

Transfers between funds

Included within transfers are amounts transferred from restricted reserves to the general fund representing capital expenditure made in accordance with the terms of the related funding. Such transfers amounted to £3,483 (2021 - £170,795 of which £160,325 relates to capital expenditure made in previous financial years).

continued...

Page 29

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

21. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

22. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net expenditure for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Profit on disposal of fixed assets
Interest received
Dividends received
Decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations		 2023
£
(23,789)
71,722
30,046
-
(8,001)
(12,792)
135,486
(67,489)
125,183		 2022
£
(29,860)
70,086
(8,969)
(1,000)
(8,524)
(11,654)
63,818
321,147
395,044

23. 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 1/4/22
£
1,770,243
(344,063)
1,426,180
344,063
560,651
904,714
2,330,894		 Cash flow
£
107,423
(4,425)
102,998
4,425
23,504
27,929
130,927		 Other
non-cash
changes
£
(30,046)
(30,046)
(30,046)		 At 31/3/23
£
1,877,666
(348,488)
1,529,178
348,488
554,109
902,597
2,431,775

continued...

Page 30

AGE UK SUNDERLAND

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

24. 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.

25. 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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