2021-03-31-accounts - Age UK Coventry And Warwickshire

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

	Page
Reference and Administrative Information
Report ofthe Board ofTrustees
Independent Auditor's Report to the Trustees	13
Consolidated Statement ofFinancial Activities	16
Consolidated and Charity Balance Sheet	17
Consolidated and Charity Statement ofCashflotvs	IS
Notes to the Financial Statements	20

Auditors			Harrison Beale & Owen
			Chartered Accountants	and Statutory Auditors
			Highdown House
			11Highdown Road
			Leamington Spa
			CV31 1XT
Solicitors			Wright Hassall
			Olympus Avenue
			Leamtngton Spa
			Warwickshire
			CV34 6BF
Bankers			Barclays Bank pic
			150Parade
			Leamington Spa
			Warwickshire
			CV32 4AG
Investment	fund	managers	Redmayne Bentley LLP
			56West Street
			Warwick
			Warwickshire
			CV34 6AW

			Unrestricted	Designated	Restricted	Total2021	Total 2020
			funds	funds	funds
INCOME FROM:		Note	8	8	g
Donations and legacies
Donations and gifts		3&8	51,078		217,325	268,403	205,277
Legacies		3&8	241,159			241,159	187,751
Other trading acitivities Shop income Trading activities Other income		4 5	369,853 493,868 44,934		411,764	781,617 493,868 44,934	1,518,880 471,595 88,509
Investmcnts		6	7,579			7,579	16,223
Charitable activities
Care Services		9	2,366		924,133	926,499	1,548,425
Social Inclusion		9	602		58,600	59,202	76,688
Information and Advice		9			244,523	244,523	241,807
Other charitable income		9	601,923		66,043	667,966	544,661
Total incoming resources			1,813,362		1,922,388	3,735,750	4,899,816
EXPENDITURE ON:
Raising funds		10	985,163	3,199	503,218	1,491,580	1,958,864
Charitable activities		10	852,901	4,971	1,299,581	2,157,453	2,603,810
Total resources expended Net gains/(losses) on investments		7	1,838,064 12,636	8,170	1,802,799	3,649,033 12,636	4,562,674 ~9,638
Net incoming/(outgoing)	resources		(12,066)	(8,170)	119,589	99,353	327,524
Transfers between funds		29	(241,159)	241,159
Net movement in funds			(253,225)	232,989	119,589	99,353	327,524
RECONCILIATION	OF FUNDS
Total funds brought forward		29	1,919,686	797,895	799,746	3,517,327	3,189,803
Total funds carried forward		29	1,666,461	1,030,884	919,335	3,616,680	3,517,327

						Charity
			2021		2020	2021	2020
		Notes				I	I
FIXEDASSETS
Tnnglble assets		17	480,144		520,173	4li0,144	520,173
Investments		188819	114,028		99,723	114,033	99,734
			594,172	—	619,896	594,177	619,907
CURRENT ASSETS
Stocks		20	642		1,903	642	I lm3
Debtors		21	562,588		705,620	913805	799,086
Short term deposits			1,3961,691		1,469,943	1,396,691	1,469,943
Cash at bauk			1,462,616		.044 39	1,109,484	9397 0
			3,422,537		3~1,605	3,420,622	3,210,652
CURRENT LIABILITIES
Amounts falling due wilhin	one year	22	(400,029)		(324,174)	(398,1 19)	(313,232)
NET CURRENT ASSETS			3,022,508		2,897,431	3,022,503	2,897,420
TOTAL ASSETSLESS
CURRENT LIABII.ITIES			3,616,680		3,517327	3,616,680	3,517,327
NKT ASSETS			3,616,680		3,517,327	3,616,680	3,517,327
FUNDS
Unrestricted thuds		29	],666,461		1,9]9,686	1,666,461	1,919,686
Dcsigoated funds		29	1,030,884		797,895	1,030,884	797,895
Restricted funds		29	919,335		799,746	919,335	799,746
TOTAL FUNDS			3636680		3537 27	36 66011	51732

			Group		Charity
			2021	2020	2021	2020
		Notes	f		f	f
Net cash from operating	activities	I	341,403	336,117	92,690	425,600
Cash lloivs from investing activities
Purchase oftangible fixed	assets		(1,996)	(25,081)	(1,996)	(25,081)
Purchase oflisted investments			(41,109)	(12,013)	(41,109)	(12,013)
Sale oflisted investments			39,348	10,910	39,348	10,910
Interest and dividend income Net cash from investing activities			7,579 16,223 3,822 ~9,961		7,579 3,822	16,104 10,080
Net cash from fiaancing	activities
Increase in cash and cash	equivalents		345,225	326,156	96,512	415,520
Cash and cash equivalents at the
beginning ofthe year		2	2,514,082	2,187,926	2,409,663	1,994,143
Cash and cash equivalents at the end the year		of 2	2,859,307	2,514,002	2,5116175	2,4119663

		Group		Charity
		2021	2020	2021	2020
		f
Net movement in funds		99,353	327,524	99,353	327,524
Depreciation charge	for the year	42,025	44,298	42,025	44,298
Loss/(profit) on disposal ofinvestments		(12,544)	9,618	(12,538)	9,618
Interest and dividend	income	(7,579)	(16,223)	(7,579)	(16,104)
		121,255	365,217	121,261	365,336
Decrease/(increase)	in stock	1,261	(189)	1,261	(189)
Decrease/(increase)	in debtors	143,032	(107,223)	(114,719)	(26,365)
Increase in creditors		75,855	78,312	84,887	86,818
Cash generated from operations		341,403	336,117	92,690	425,600

Year	ended 31 March 2021	Group		Charity
		31/03/2021	31/03/2020	31/03/2021	31/03/2020
Cash	and cash equivalents	2 859,307	2,514,082	2,506, 175	2,409,663
Year	euded 31March 2020	31/03/2020	31/03/2019	31/03/2020	31/03/2019
Cash	and cash equivalents	2,514,082	2,187,926	2,409.663	1,994.i43

Tangible fixed assets Depreciation is provided at the Refurbishmentofshop property	Tangible fixed assets Depreciation is provided at the Refurbishmentofshop property	following annual rates in order to write offeach asset over its estimated 5- 6 years on cost
Properties		25 - 50 years on cost
Computer equipment		3 - 4years on cost
Other equipment and	funiiture	4 - 10years on cost
Motor vehicles		4years on cost

3	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	2021 f	2020 f
	Donations	See note 8	268,403	205,277
	Legacies	See note 8	241,159	187,751
			509,562	393,026
4	NKT INCOME FROM	TRADING ACTIVITIES OF SUBSIDIARIES
	Age UK Wartvtckshire	(Trading) Ltd	2021	2020
			g
	Protlt and loss account
	Tulriovef			41,176
	Cost ofsales			(7,263)
	Staff costs			(27,846)
	Other costs			(6,067)
	Net profit for the year
	Amount gi0 aided to the	charity
	Retained in the subsidiary
	Net assets at the year end

Age UK Coventry (Trading) Ltd	2021	2020
	g
Protit and loss account
Turnover and other income	493,868	430,419
Other income	10,139
Staffcosts	(265,392)	(234,383)
Administrative expenses	(39,113)	(137,896)
Investment income	8	119
Net profit for the year	199,510	58,259
Amount gitt aided to the charity	(199,510)	(58,259)
Retained ln the subsidiary
Net assets at the year end

	NOTES TO THE FINANCIAL STATEMEN for the year ended 31March	TS - CONTINUED 2021
5	OTHER INCOME	2021 f	2020
	Rental income Catering income Group session fees Student placement fees	22,880	56,294 24,614 4,678 1,400 110
	Fees charged to clients Restricted other income		1,413
	Miscellaneous other income	22,054 44.934	88.599
6	INVESTMENT INCOME	2021 f	2020 f
	Interest receivable Dividends receivable from listed investments	3,698 3,881 7,579	12,414 3,809 36,223
7	GAINS/(LOSSES) ON LISTEDINVESTMENTS	2021 f	2020 f
	Realised gain on disposal Unrealised gain/(loss) on revaluation	3,055 9,581 32,636	137 ~(9.755 9,618

		Unrestricted	Restricted	Total 2021	Total 2020
		funds	funds
			g
Donations and grants
Age UK 29th May 1961 Charitable Trust Sir Edward Boughton Long Lawford Charity		2,000	126,555 3,000	126,555 3,000 2,000	63,555 3,000 2,000
Warwick District Council			25,000	25,000
Rugby Borough Council Smedley Charitable Trust Coronavims Job Retention	Scheme	8,079	25,000 10,000 13,635	25,000 10,000 21,714
Severn Trent Community Fund			7,285	7,285
29th May 1961 Charitable	Trust Home		5,000	5,000
Warmth for the Aged
Stokes Charitable Trust			1,000	1,000
Other donations					1,392
Miscellaneous donations			850	850
General donations		40,999		40,999	135,330
		51,078	217,325	268,403	205,277
Legacies Estate ofMiss PJD Pascoe					48,375
Estate ofJoy Rosemary Drew Estate ofMr Julian Adams		80,000 60,413		80,000 60,413	131,429
Estate ofMs Edith McGuffte		34,185		34,185
Estate ofMr Eric Williams		50,000		50,000
Estate ofMr Douglas Sidney Pitcher Estate ofMr Edward John Pratt		15,000 1,000		15,000 1,000
Estate ofMr Geotfrey John Birch Estate ofMitchell					3,000 2,000
Estate ofMs Lillah Whitfield					1,321
Estate ofMr Norman Painting		561		561	95
Estate ofMs Mabel Eileen	Cairns				1,002
Other legacies					529
		241,159		241,159	187,751
Total donations and grants		292,237	217,325	509,562	393,025

ANALYSIS OF INCOME FROM CHA	RITABLE ACTIVI	TIES
	Unrestricted	Restricted	Total 2021	Total 2020
	funds	funds
	g	f
Care Services Warwickshire County Council NHS South Warwickshire CCG NHS North Warwickshire CCG		395,309 11,998	395,309 11,998	418,895 114,430 71,953
NHS Coventry tk Rugby CCG Social Prescribing Primary Care Network High Intensity Users Going Home &om Hospital Practically Home Age UK National Coronavirus Job Retention Scheme		301,040 17,953 144,046 29,577	301,040 17,953 144,046 29,577	131,492 19,084 55,271 52,000 12,400 26,313
The Armed Forces Covenant		19,500	19,500
Fund Trust Rugby Dementia Support Group Coventry City Council Home Library		1,875	1,875	1,875 19,156
Service David Scott Jubilee Trust				10,520 250
Quafity of Life Charitable Trust Miscellaneous grants and donations Fees charged to clients	449 1,917	2,835	3,284 1,917	8,415 606,371
	2,366	924,133	926,499	1,548,425
Social Inclusion Coventry City Council Leamington Spa Town Council Age UK National Coronavirus Job Retention Scheme Hope Coventry: Good Neighbours Miscellaneous grants and donations Fees charged to clients	602	40,000 2,200 1,000 10,016 5,384	40,000 2,200 1,000 10,016 5,986	12,228 29,000 21,159 14,301
	602	58,600	59,202	76,688
Information and Advice Coventry City Council Age UK E-On Benefits Programme 29th May Charitable Trust Coronavirus Job Retention Scheme Warwick District Council Miscellaneous grants and donations		200,871 34,593 3,000 3,326 2,494 239	200,871 34,593 3,000 3,326 2,494 239	194,871 41,700 3,000 2,236
		244,523	244,523	241,807

						Unrestricted	Restricted	Total 2021	Total 2020
						funds	funds
							g
Other charitable		income
Helping Hands and Crad and Computer Tmsted Traders			Home Support Centre			601,923	66,043	667,966	498,963 35,756 9,942
						601,923	66,043	667,966	544,661
2 I I	I		I	11 01	II 10	604,891	1,293.299	1,898,190	2,411,381

ANALYSIS OF EXPENDIT	URE
		Unrestricted	Designated	Restricted	Total 2021	Total 2020
		funds	funds f	funds		f
Expenditure on raising funds Generating voluntary income		3,703	418	11963	16,084	16,214 78
Fundraising and marketing Shop trading Trading activites Other services		671,226 294,064 16,170	2,075 667 39	471,088 19,059 1,108	1,144,389 313,790 17,317	1,501,825 413,455 27,292
		985,163	3,199	503,218	1,491,580	1,958,864
Expenditure on charitable Care Services Social Inclusion Information and Advice Coventry Primary Care Trust Helping Hands	activities	30,558 24,174 4,861 336 792,972	2,231 122 697 49 1,872	851,348 54,109 257,208 17,340 119,576	884,137 78,405 262,766 17,725 914,420	1,320,692 90,743 380,497 170,295 534,124
Aclivilies ended:						106
Contact and Connect						19,373
Healthwatch Home Library service Practically Home Volunteer Development						12,228 12,400 1,389 245
Trusted Traders Grants to the elderly in need						10,465 1,745
Physical activities Hope Coventry / Good Neighbours Ambitions for Later Life						35,508 14,000
		852,901	4,971	1,299,581	2,157,453	2,603,810
Total resources expended		1,838,064	8,170	1,802,799	3,649,033	4,562,674

		Direct	Support	Total 2021	Total 2020
		Costs	Costs
		f	f
Expenditure on raising funds Generating voluntary income Fundraising and marketing Shop trading Trading activities Other services		1,066,137 288,650 15,855	16,084 78,252 25,140 1,462	16,084 1,144,389 313,790 17,317	16,214 78 1,501,825 413,455 27,292
		1,370,642	120,938	1,491,580	1,958,864
Expenditure on charitable Care Services	activities	801,433	82,704	884,137	1,320,692
Social Inclusion		71,648	6,757	78,405	90,743
Information and Advice - WDC		237,412	25,355	262,767	380,497
Covenn3 Primary Care Trust Helping Hands		15,980 843,808	1,744 70,612	17,724 914,420	170,295 534,124
Activities ended:
Contact and Connect Healthwatch					106 19,373
Home Library service Practically Home Volunteer Development Trusted Traders					12,228 12,400 1,389 245
Grants to the elderly in need Physical activities Hope Coventry / Good Neighbours Ambitions for Later Life					10,465 1,745 35,508 14,000
		1,970,281	187,172	2,157,453	2,603,810
Total resources expended		3,340,923	308, l.10	3,649,033	4,562,674
Analysed support costs consist ofthe		following;
				Total 2021	Total 2020
				f	f
Staff costs Administration costs Premises costs				173,736 62,669 71,705 306,110	383,146 138,206 158,134 679,496

12	GOVERNANCE							2021 f	2020 f
	Audit related							23,484	23,070
	Management consultancy HR consultancy services Other professional fees and services								9,335 2,003 1,398
	Other costs							2,383
								35,867	35,806
13	NET INCOME)/EXPENDITURE
	Net (income)/expenditure	is stated	after		(charging)/crediting:			2021	2020
								f
	Auditors' remuneration							23,484	23,070
	Depreciation - owned assets Amounts receivable under operating leases - rent Amounts payable under operating leases - rent Amounts payable under operating leases - other Volunteer costs							42,025 (22,880) 123,775 7,961 159	43,958 (9,248) 483,472 11,670 17,103
14	STAFF COSTS							2021	2020
	Wages Social security Pension costs							2,575,672 139,663 56,408	2,752,232 131,246 84,109
	Staffrecruitment Staff training Stafftravel DES checks							1,677 6,147 49,826 3,475 2,832,868	2,499 3,606 92,070 2,715 3,068,477
	All ex-gratia payments	are authorised		by trustees		and understood	to be for the	benefit ofthe charity.
	Number ofemployees	whose employer			benefit costs exceeded f60,000 was;			2021	2020

The average number of follows:	full-t	ime equivalent employees (includin	g casual and part time staf	f) during th	e year was	as
			2021		2020
Management, administration		and finance		24		14
Activities for generating	funds			35		58
Charffable activities
Care services				37		45
Social inclusion				5		8
Information and advice				ll		14
				112		139

Group	Freehold land	Computers	Motor	Total
	and buildings	and equipment	vehicles
			g
Cost
As at 01 April 2020	1,042,885	475,791	34,766	1,553,442
Additions Disposals		1,996 ~58,112		1,996 ~58.112
As at 31 March 2021	1,042,885	419&675	34,766	17497,326
Depreciation
As at 01 April 2020	566,755	431,748	34,766	1,033,269
Charge Eliminated on disposals	27,991	14,034 ~58,112		42,025 ~58.112)
As at 31 March 2021	594,746	387 6711	34,766	1,017,182
Net Book Value
As at 31 March 2021	448,139	32,005		480,144
As at 31 March 2020	476,130	44,043		520,173
Charity	Freehold land	Computers	Motor	Total
	and buildings	and equipment	vehicles
	8
Cost
As at 01 April 2020	1,042,885	459,897	34,766	1,537,548
Additions Disposals As at 31 March 2021	1,54?,885	1,996 ~51,227 415666	34,766	1,996 ~51,227 1,488,317
Depreciation
As at 01 April 2020	566,755	415,854	34,766	1,017,375
Charge Eliminated on disposals	27,991	14,034 ~51,227		42,025 ~51.227
As at 31 March 2021	594,746	378,661	34,766	1,008,173
Net Book Value
As at 31 March 2021	448,139	32,005		480,144
As at 31March 2020	476,130			520,173

Age UK Wa	rwickshire (Trading)	Limited is now deem	ed to be a disconti	nued and dormant operat	on.
Shareholding				1011'/	100'/
Balance sheet				2021	2020 f
Net assets
Represented	by.
Shares held	in company	f,I ordinary	shares

dormant sin	ce 01 April 2008. Th	e company was dissol	ved at Companies	House on 13October 20	20.
Shareholding					10tl'/,
Balance sheet				2021 f	2020
Net assets
Represented	by:
Shares held	in company	f,l ordinary	shares

Shareholding				100"/
Balance sheet				2021 f	2020 f
Net assets						3
Represented	by:
Shares held	in company	f.l ordinary	shares			3

Shareholding					100'/,
Balance sheet				2021 f	2020 f
Net assets
Represented Shares held	by: in company	f,l ordinary	shares			3

		2021	2020
		f	f
Brought forward	market value as at 1 April	99,723	108,281
Additions		41,109	12,013
Disposal proceeds Realised / unrealised gains/(losses) Equalisation		(39,348) 12,636 ~92	(10,910) (9,618) ~43
Carried forward	market value as at 31 March	334,923	99,723
Carried forward	historical cost as at 31 March	108,860	106,056
Listed investments are represented by:
Fixed interest securities		18,302	33,478
Equity shares		41,654	18,587
Investment trusts	and unit trusts	54,072	47,658
		114,028	99,723

						Group	Group				Charity	Charity
					2021			2020			2021		2020
					f						f		f
Trade debtors					311,942			471,681			172,527		402,872
Prepayments and	accrued income				250,646			233,939			250,646		233,939
Amounts due &om subsidiary											490,632		162,275
					562,588			705,620			913,805		799,086
CREDITORS: AMOUNTS FALLING DUE					WITHIN	ONE YEAR
						Group					Charity
					2021			2020			2021		2020
					f						f
Trade creditors					124,442			128,795			123,378		124,279
Accruals and deferred income					239,084			159,966			236,939		152,456
Amounts due to subsidiary											1,299		1,083
Other taxes and social security					32,760			20,041			32,760		20,041
Other creditors					3,743			15,372			3,743		15,373
					400,029			324,174			398,119		313,232
Included within	creditors is a balance			totalling f11,870			(2020	- f24,506)	relating		to deferred	income. Deferred
income comprises grants received			in	advance	which the		donor	has specified		must	be used in	future	accounting
periods, performance conditions		have		not yet been met or			where	uncertainty	exists as to whether			the conditions for
application ofthe	income will be	met.
Deferred income
Deferred income	at 1 April 2020				24,506			3,271			24,506		3,271
Resources deferred during the year Amounts released kern previous years Deferred income at 31March 2021				11,870 ~24, 5061 11,870			24,506 ~3,277 24,506			11,870 ~24506 11,870		24,506 ~3,277 24,506

			Land and	Buildings	Other Operating	Leases
			2021	2020	2021	2020
			f	f	f	f
Within	one year		401,283	464,773	7,961	7,961
Between		one and five years	281,410	820,543	7,961	15,921
In more		than five years	20,896	74,595
			703,589	1,359,911	15,922	23,882

			01April 2020	Incoming resources	Outgoing resources	Transfers	31March 2021
Unrestricted	funds
General funds			1,919,686	1,813,362	1,825,428	241,159	1,666,461
Designated	funds
Development	fund		605,982				605,982
Future plans						241,159	241,159
Leamington	essential	refurb	12,384				12,384
Rugby essential refurb			18,866				18,866
Claremont service development			20,000				20,000
Finance soihvare development			42,060				42,060
Counselling			5,099				5,099
Rugby fixed	assets		77,282		(5,310)		71,972
Part cost of	HQ building		5,570		(2,405)		3,165
Essential IT	assets		10,652		(455)		10,197
Total designated funds			797,895		8,170	241,159	1,030,884

				resources	resources
Restricted funds
~dd
Care and repair projects			23,483			23,483
Rapid hospital discharge		projects	6,097			6,097
Handyperson projects			7,000			7,000
Housing options			18,633			18,633
Social prescribing				17,953	(15,980)	1,973
Care navigators incl	HIU &PCN		212,209	444,038	(397,430)	258,817
Counselling &Building		Resilience	8,434	54,013	(42,697)	19,750
Rugby garden fund			2,865			2,865
Beiriending services			50,662	19,255	(34,854)	35,063
NHS patient transfer				75,000		75,000
Veteran support				19,500	(18,169)	1,331
WCC Infection Conrtol				49,625	(49,625)
Dementia Day Services		(DDO)		244,749	(244,747)
Coventry Primary Care		Trust
Going Home from	Hospital		27,780			27,780
Total care services			357,163	924, 133	803,502	477,794
rdAddddddA **dd
Vehicle funds			37,056			37,056
Dementia cafds			4,963	6,046	(8,174)	2,835
Lunch and day clubs				5,460	(5,460)
Ageing Well				1,584	(1584)
Milan			3,544	8		3,552
Gilbert Richards Centre				43,302	(29,783)	13,519
Arts Encounter			688			688
Men in sheds			4,118		(2,948)	1,170
Painting's plantation			1,251	2,200	(2,543)	908
Morrison's Healthy	Cooking		2,942			2,942
Total social inclusions			54,562	58,600	(50,492	62,670
~ll Ad
Warwick District Council I&A			37,744	244,523	(237,413)	44,854
Total information	&advice		37,744	244,523	237,413	44,854
Other harlr 6 e in	me
Home support				66,043	(66,043)
Total other charitable		income		66,043	66,043

		resources	resources
Restricted funds
~193 I I I
Building fund appeal	38,081		(4,471)	33,610
The Community fund	63,554		(7,462)	56,092
Rugby Claremont Centre F&F	131,507		(4,327)	127,180
Warwickshire core grants		629,089	(629,089)
Home support - V Dickinson	40,000			40,000
Bursaries	3,367			3,367
Projects in Wellesbourne Rugby development project Baron Davenport fund	12,537 3,311 1,760			12,537 3,311 1,760
Edna Vincent fund	3,071			3,071
Grants for the Elderly in Need	20,589			20,589
Restricted Donations and Legacies	32,500			32,500
Total other restricted funds	350,277	629,089	645,349	334,017
Total restricted funds	799,746	1,922,388	1,802,799	919.333
Total funds	3,517,327	3,735,750	(3,636,397	3,616680