Bedfordshire ageuK Trllstees, Annual Re ort and Consolidated Financial Statements Year Ended 31 March 2024 Company Registrdtion Number- 4160627 (A Company Limited by Guardntee} Registered Charity NumbeT- 1090535
AGE UK BEDFORDSHIRE TRUSTEES ANNUAL REPORT AND CONSOLIDATED FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Introduction and Chairman's Report Report of the Trustees Report of the Independent Auditors 9-11 Consolidated Statement of Financial Activities 12 Consolidated and Parent Charity Balance Sheets 13 Consolidated Statement of Cash Flows 14 Notes to the Financial Statement 15-28
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 Introduction The Trustees present their report together with the consolidated financial 5tat¢ments of the charity and its subsidiary for the year ended 31 si March 2024. The financial stalements have been prepared in accordance with the accounting policies set out on pages 18 to 20. They have been prepared according to the rules contained in the Companies Act 2006 which relate to small organisalions and the provisions of the Statement of Recommended Practice (SORP)."AGcounting and Reporting by Charities" (FRS 102) issued in 2015 in preparing the annual report and financial statements of the Charity. Chairman's Report As we reach the end of another year of providing services to elderly people in Bedfordshire, it gives us time to reflect on the achievements of the last year and measure outcomes against our identified Purpose and Objectives articulated on page 2 of this document. We have compleled anoiher sound year of activities. We have continued to provide a range of high quality welfare & support services to our elient group. the volume of provision has continued to increase with excellent feedback from clients being reported. To maintain such a service in a highly competitive market requires constant diligence to attract adequale resources and then skilful management of human resources. commodities. and the scope of the daily activities, all of which have been achieved by our CEO. Deputy CEO and their team of employees and volunteers to maximise outcomes to our client group. Funding has successfully been secured from a Cross section of contracts with the statutory sector plus a mix of other sources to ensure ongoing financial viability is not reliant on limited funding streams. The standards of servic¢ provlsion achieved, with proactive leadership and sound management have continued to be confinned by eKtemal scrutiny. The Truslees have met regularly with our CEO & Deputy 0. Meetings have used a mixed mode forniat utilising a mix of face to face and IT to good effect- this approach enabled our CEO who was working from home for part of her time due to a health problem lo be fully involved in the discus5ion5 and decisions made and to maximise expertise and resources. Discussions were always rnbusL constructive, and productive, demonstrating an understanding that whilsi our roles and responsibilities are specific, they are inter-related, and to ensure safe high-quality outcome5 for our client group we must work in partnership as a team to successfully bring all the strands together- this we have achieved. My thanks to our CEO. Deputy CEO. and my fellow trustees for their support during this my second year as the Chair of Trustees and to the team of employees and volunteers who always demonstrate high professional Standards &8 the public face of the organisation. Rita Beaumonl Chaiman 20-12-2024
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 Purposes and Activities Public Benefit Statement We hav¢ referred io the guidance contained in the Charity Commission's generdl guidance on public benefil when setling and reviewing our aims and objectives and in the planntng of future activitie5. In particular. the Board of Trustees considers how the planned future activities will contribute to the aims and objtIveS set. The object of the charity according to our Memordndum and Articles of Association is- To promote the relief of older people in any manner which now or hereafter may be deemed by law to be charitable in and around Bedfordshire (hereinafter called "the area of benefit"). Our mission statement, which is the ethos of the OTganFsation. is - To promole ihe well-being ofall olderpeople in Beiwordshire and help nke laler life afvlfilling and enjoyable experience. Th¢ charity h&8 four main strategies sei by the Board of Trustees, which help to achieve the overall objective, and they are- To enable all older people to have choices about their ITfestyle. To provide and influence provision of services to older people by rnising the awareness of policy makers to their needs and wishe5. To seek to ensure all older people can access services from Age UK Bedfordshire, and other suitable organisations. according to iheir need. To improve ac¢¢s5 to 5¢rvices for disadvantaged older pwple and provide service5 which meet their needs. These aims are used to fomi the objedives for the year and the strategies for a¢hieving those objectives remain as follows.. Enabling older People to Acce55 Servic£¥ We provide independent objective advice to empower older people to rnake their own decision5 thereby giving thetn the independence and dignity to make their own choices about how and where they wish to live their later years. Through our Information, Advi¢e Supwrt Service, we help older people by delivering assistsnce. advice and information in their own homes. by appointsnenl in our offices or giving them thi5 help and support via the telephone. Our fully trained team of Advisor5 and Support Workers all have a Dis¢losure and Barring Service Certificate (commonly known as a Police Check or a DBS). They work on a one-tfrone basis with each clienl to assess need and ihen provide the necessary inforniation, advTce or support. The service is funded in part by both Central Bedfordshire Council and Bedford Borough Council. The largest proportion of our income to support this "free to our service users" is funded by Eenerous donations frorn members of the public and service users. together with our own fundraising activities. Issues we deal with are wide rdnging and include. benefits claims, money matters. health and wellbeing, care servi¢¢5, housing and of course leisure and social activities which are available through both Local Authoritie5 and other Charitable Organisations. If an older person or a concerned friend or relative comes to us for help. if we know thai il is outside our sphere of expertise. we will certainly know who can help. We undertake completion of benefit and various other fonns on behalf of our service users to enable older people gain the benefits they are entitled 10. This year. we were successful in bringing Anto the County £2.193.920 in benefits paid to over 600 people who sought our help. Plus. very many successful Blue Badges applications were made. These financial entitlements (and that is whal they are) are not charity, these are what our ¢lienls were entitled to and either did not know of or found it dIlcult to complete the forms. someof which are 30 pages long. In most cases the money
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 paid out is in excess of £70 pw and in the case of Pension Credit successful applications open the door to many other benefits. including free dental care and the Winter Fuel Allowance. Provide and influence As the largest older people's charitable organisation in Bedfordshire, we enjoy a very good relationship with both Central Bedfordshire Council and Bedford Borough Council. We understand that local authorities are struggling to make ends meet. lh¢ same Is the rest of u5. However, we also understand that older people need a champion who speaks up for them. As part of our four main strategies, we aim lo bring issues that may exclude older people to the attention of the two Local Authorities in Bedfordshire. In a money saving exer¢ise many frirnls which older people need to complete are now only betng sent out by email. Very many older people either do not have access to email, or if they do, do not have a printer. Obviously. the use of email is quick. efficient and excludes the postage costs soon lo be increased to £1.65 for a basic 1st cla55 51amp. Therefore we appreciate the need io use email at every possible opportunity. However, not at the Cost of excluding people from being able to make benefit claim5 or Blue Badge applications. Therefore, after dtscussing thi5 vitsl issue with both Local Authorities, they have agreed to post fornis lo clients who do not have access io email and in some cases regarding Blue Badge Applications, the Authority will lalk the Client through the completion of the application fom over the telephone. But it is also right a majority of older people do not own a device that will receive an email or if they do. they don't own a printer. We also speak io utility providers (gas. water and electricity) on behalf of older people. We speak to very many uiilily providers on behalf of clients who may be have concerns about costs or aged debt. We can not only negotiate with providers to find the lowest tariff. we can help you switch providers. Reducing and helping people to save money on th¢ir utiliti¢S 15 a large but very Important part of the work we do. Our Telephone Friendship Service is Ix)oming. We speak to many older people each week who are lonely. Thi5 service is in part supported by both Bedford and Central Bedfordshire Councils. Oiher servic WÉ Provide We undertake to provide a rdnge of our own practical services and these include Home Help, Handyperson, Garden Maintenance and Carers. Respite Service. These se]CeS are designed to give older people the opportunity to stay living safely in their own homes by provision of housework. shopping. accompanied outings, small DIY type tasks such as putting up shelves and general maintenance plus general gardening maintenance, to ensure that older people have a safe and healthy environment to live in. These services provide a lifelin¢ to many older people and provide peace of mind to families who rnay live long dlstances away. All of our fully trained employees have been referenced checked and also Police Checked (DBS). We carry out these checks on a regular basis throughout the length of service of each employee, many of whom have been with us for well over 10 year5. These team members nol only Cut the gr&%$ or polish your furniture, they provide a Smiling face. a cheery conversation and perhaps most importantly they keep a caring eye on their clients. If ihey have doubts about general health and welfare, with the client's pei5$10n they will talk to their team leader who in tum will speak lo their Manager. Occasionally, immediate action is required, however. usually a colleague will make an appointment to visit and talk through the issues and help find suitable solutions. Through regular feedback from both our Infornation. Advice & Supp)rt Service and our Practtcal Services, we are able to &scertain the issues ihat many older people face in today's society. These issues are then assessed as to wheiher we Can develop further services ourselves, or whether we represent the voice of those older people at forums such as Partnership Boards in the Local Authority areas and NHS forums across Bedfordshire. We are the voice of our older people and bring that voice to influence future services. Equality'for all We work to ensure all older people are given the right to receive both the financial and pra¢ti¢al help to which they are ¢nlitled and thrther to ensure they receive the care that they wish and have a right to receive. The criteria
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 we set for our beneficiaries at the moment is that they are over 50 years of age and that they reside within the ounty of Bedfordshire. In this way, we endeavour to have services that meet the needs of as wide a community as possible, however in late 2024 we are lowering the age that people can enjoy the practical service we provide. This will be known as the 40+ service. Measure of our Success Various monitoring and feedback processes undertaken throughout the year evaluate ihe succes5 of the charity. The processes identify that - Ihe charity increases its intervention5 year on year with older people. the feedback from clients remains at 990/0 POSltive' the staff mordle is good or very good. more older people and groups learn of our services and can access them. we remain an important part of the overall Healih and Social Care system for older people ihroughout Bedfordshire by representing them at various forums. we are financially viable. More in depth delails of achi¢v¢m¢nt towards the successful operation of the charity are noted under the Achievements and Perforniance section. Our Volunteer5 Age UK Bedfordshire relies heavily on the contrrbution of its 20+ volunteers. These volunteer5 work within the organisation kn a range of different roles and are supported by the respective managers. Our volunteers work within the Information and Advice Service undertaking training and thereafter advising clients and completing home visits to &8sist clienls with a wide range of welfare benefii fonns. Other volunteers work within our Administration team assisting with the compilalion of dat4 outcomes, general administration tasks and back office functions. Over the last year, our volunteers have contributed 2,520 hours to the organisation. This equates to a potential cost saving of employed staff of £31,928. This help is invaluable and makes a substantial contribution to the organisalion to continue providing so many essential non-chargeable services. Achievements and Performance The latter part of this financial year was very difficult for Age UK Bedfordshire. We lost our amazing Chief Officer, Karen Peny to cancer. But Karen was a fighter. she continued to fight for the older people of our County through her 17 year bartle with the disease thal affects so many individuals and families. However, we have an amazing team of people, led by our fabulous Chair of the Board of Trnstees, Rita, we all rallied together and have helped a record number of older people, bringing in another record high amount of benefit income. Organised Bedford Borough Coun¢il'5 Ageing Well Event wilh over 40 exhibitors and close to 500 older people discovering the wealth of aid that is available forni Charitable Organi5alions and Statutory Services. Plu5. Age UK Bedfordshire's free legal advice clinic supported by Tollers Solicitors. Carried out 652 hours of home visits throughout Bedfordshire. Continued our contracts with Bedford Borough Council (BBC) and Central Bedfordshire Council (CBC) to help 5UPPOrt Inforn]ation, Advice and Support Services and the Telephone Friendship Serviced. Distributed over 450 emergency hot boxeslfood packages across the county with support from Bedford Borough and Cenlral Bedfordshire Council. Supported the Age UK National campaigns for Social Care. Keep wann in Winter and the Big Knit. Once again delivered Gift boxes at Christmas with support from the Dioceses of St Albans to 100 people. Worked with both loe81 authorities and BLMK Health and Care Partnership in encouraging the take of COVID 19 and Flu vaccines. Clieni Interyenlions In respect of our ongoin£ services. the following levels have been achieved: _ Tothl Number of New Client Cases for InfomiationlAdvice Support- 1.852 Number of Information and Advice complex ongoing c&ses - 417 Nutnber of Inforn)alion and Advice client open cases - 438 Attendance Allowance and other benefits procured for our clients over the year.. £2,193.820 Welfare Services client hours: 69,014
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 Financial Review In order to provide services for the Statutory Authorities in OUT area we seek to agree seiCe Level Agreements on an annual b&£is. This year the total value is £65.898. just a little higher than the previous year at £6J.129. Last year we benefitted from a Groundwork UK Tesco 'Golden Grant and local authority grants related to infection control, such as the Outbreak Management granL Neither of these grants were repeated this year. Also. the NHS Link Project funding ended. The total income for (he year from all Local Authorities, Trusts. and other grants was £194,393. This is an increase from £165.584 received in the previou5 year. mainly due to an Age UK C05t of Living Response grant. The current year also benefitted frotn the Age UK Dementia Projecl grdnl. Our wholly owned Trading subsidiary is no longer trading and thus produced no income. The majority of ihe Charity's income is derived from service charges relating to our Welfare Services, such as Home Help, Handy Person and Gardening. This year we received £1,613,082 compared to £1,259.105 last year. this is an increase of £353,977 which was an exceptional result. Overall. the total annual income is £1.830.900 which is a very good increase on the £1.467,150 received in the previous year. The principal risk and uncertainty of any Charity is obtaining Secure and regular income to fund its services. In order to maintain and extend our income sources we continue to seek alternative funding sources so that we can continue providing our free service and support lo older people in conjunction with our Welfare Services. We also aciively advertise our services in the local press and surrounding area5 in an effort to increase awareness. Overall, the Charity ended with a surplus of £121.587. This represents a significant positive movement on th¢ previous year's deficit of £96,259, assisted by ov¢r 4.000 extra Welfare Services hours and increased pricing, as well as the Cost of Living Response grani. The Charity continu¢5 to improve its finances and although the Trustees believe the coming financial year will also be financially cha]lenging, we will endeavor to increase our income wherever possible. Investment Powers and Policy In accordance with our Articles of Association, the Charity h&$ the power to invest in any way the Trustees deem appropriate. As a resuli. we endeavour where possible to negotiate the receipt of funds for projects in advance of the work undertaken. Any surplus. which arise5, is placed in the CAF Cash Account at as high a rydte that can be achieved. Presenily th¢ rdte5 are extremely low, and we do consider the availability of other investment opportunities in order to bring in increasing returns. Any investments we do make presently and in the future are placed in accordance with the rules of the Financial Conduct Authority. Reserves Policy and Going Concern Reserves e needed to tempordrily fund any timing gaps between the receipt and spending of income, and to nd future proje¢ts. Obviously, the more reserves the more mowers we can buy and the more people we can help keep their gardens neat. This has a subslantial effect on some older people's Health and Wellbeing, of course. We also desperately need more trained Community Support Officers. Our CSO'S spend their whole time in the community working with the most vulnerable older people. £IOO.000 would guarantee an addilional CSO for 3 years. Risk analysis and the Charity Commission guidelines indicate a need for a level of about 6 months estimated running costs. Whilst this is not always achievable, there is a regular review of operaiional risks, and the Trustee5 believe Ihai our aim is to attain and ihen improvc on this level whilst maintaining our present financial controls.
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 The Charity has adequate reserves of £295.127. which includes cash in the bank and in hand of £73.826. Of the year-end reserves total, £291.160 represents unrestricted funds. there were no designated funds and £3,967 represents restricted funds. The charity also has over 500 regular clients for our Practical Services which includes Home Help and Gardening. We aim to introduce two new changes to the way in which we deliver our chargeable services and have already had preliminary discussions with the lo1 authorities. Although the coming financial year will also be challenging (no change there for the third sector), Age UK Bedfordshire is, as alway5. confidenl of continuing to provide the vital services to our older and much loved Tesidents. Plans for the Future Move our Welfare Services (WS) to a new platforni giving efficiencies of service. Continue to work with statutory partners to alleviate Winter Pr¢ssures. thereby enabling people to be safe and well. Lower the age that people can benefit from our services lo 40 years. Seek lo provide a suslainable service to recently bereaved and older people living alone in order to reduce the pre55ure on Social Services and the NHS. Work with colleagues on ihe Participating Care Agenda. Work with National Health Service (NHS) and Local Authority (LA). to ensure older people are helped through cutyent cost of living crt5is. To ensure older people can "Heat & Eat" Ensure we remain vigilant in processes and procedures to maintain Health & Safety {H&S) in respect of COVID. Reference and Administrative Details Registered Office 78-82 Bromham Road, Bedford. MK40 2QH Tel.. 01234 360510 Company Registration Number 04160627 Charity Registration Number 1090535 Directors The director5 of the charitable company (the charity) are its Trustees forthe purpose of charity law and throughout this report are collectively referred io as the Trustees. Rita Beaumont - Chairnian Wendy Davis Martin Fardell - Appointed November 2023 Anne Powis - Resigned September 2023 Sally Searle- Treasurer Resigned March 2024 The following trustee was appointed after the year end Steven Perry - Appointed April 2024 Chief Executive Officer and Company Secret4ry Karen Jane Perry- Deceased March 2024 Deputy Chief Executive Officer Stev¢n Perry Auditors Hawsons Chartered Accountants. Jubilee House, 32 Duncan Close. Moulton Park, Northampton. NN3 6WL
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 Bankers CAF Bank Limited Kings Hill, West Malling, Kent, ME19 4TA Solicitors Tollers Solicitors. 312-314 Silbury Boulevard, Milton Keynes, MK9 2AE Structure GoverDance and Mana ement Governing Document Age UK Bedfordshire is a company limited by guarantee governed by its Memorandum and Articles of Association, regi51ered on 15 February 2001. and updated in accordance with legislation changes in April 2009. It is a registered charity wilh the Charity Commtssion. Anyone over the age of18 who is interested in furthering the work of the charity may become a member. The Trustees however have the right to rese any application for membership withoul giving any reason. Appointment of Trustees As sel out in the Articles of Association. the chair of the TnleeS is norninated by the membership al the AGM, as are the oiher Trustee5. The Board of Tnjstees consists of the chair plus six other Trustees. There is provision for two co-opted Trustee5. New Trustees are appointed when a vacancy arises in line with the Memorandum and Articles of Assoctation and the organisation's Trustee Policy. When considering Trustees. the nomlal course of events would be to meet with the CEO and then the Tru5tee5 prior to any forn]al election to ensure th¢ balance of skills required on the Board are managed. Trustee Induetion and Training Potential new Trustees meet with the CEO and receive infornation on the charity, its services and funding. They are given copies of newsletters, Annual Reviews and relevant documentation such a5 the Memorandum and Articles of Association and the Busine55 Plan. They then attend several Board meetings as an observer and are encouraged to visil the offi¢¢s and mttt oiher staff. Organisation The Board of Trustees administers the charity. The Board meets approximately every 8 weeks and sub committee5 are formed when the need arises. A Chief Executive Officer is appointed by the Trustees to manage the charity and has delegated authority approved by the Trustees for operdtional matters. A Deputy Chief Executive Officer is appointed 10 assist the Chief Executive Officer in development and management of the ehartty. Related Parties and Co-operAtion with other Org41115¥tions The charities wholly owned subsidiary. Age UK Bedford5hire Trnding Limitrf is cuentlY domiant. Risk Management The Trustees have a risk management strategy and process which includes: Regular reviews of the Business Plan to identify any potential risks facing the charity. Ensuring established systems and processes are in place lo minimise any potential risks. Ensuring policies and procedures are reviewed on a regular basis to minimÉse risk. The above has ideniified few risks and the ongoing introdudion of relevant policies and procedures h&s ensured that risk management 15 proactive.
AGE UK BEDFORDSHIRE Report of the Trustees for the year ending 31 March 2024 Pay Policy for Senior Staff The Trustees employ a Chief Executive. a Deputy Chief Executive and a Senior Management Team. The Chief Executive has overall management of the day-io-day operation of the organisation, bul the rest of the team supports her. The pay of all staff including the above is revieived annually but not automatically increased in accordance with average eamings. Tru5tees' responsibilities in relation to the finaneial statements The trustees (who are also directors of the charity for the putP05cs of Company law) are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the truslee5 to prepare financial statements for each financial year, which give a true and fair view of the slate of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitsble company for that period. In preparing these financial statements. the truste¢5 are required to: select suitable accounting policies and then apply them consistently. observe the methods and principles in the Charitie5 SORP 2015 (FRS 102). make judgements and estimates that are rca50nable and prudent. state whether applicable UK Accounting Standards have been followed, subjeet to any material departures disclosed and explained in the financial statements. prepare the financial slatements on the going concem b&sis unles5 it 15 inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitsble company and 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 frdud and other i¢gUlaritics. In so far as. the trustees are aware: there is no relevant audit inforniation of which the charitsble company's auditor is unaware. and The trustees have taken all step5 thai they ought to have taken to make themselves aware of any relevant audit infomiation and to estsblish that the auditor is aware of that infomiation. Auditors A resolution that Me55r5. Hawsons. Chartered Accountant be re-app)inted auditors of the Charity will be placed before the Annual General Meeting. The Trustees approved this on 20-12-2024 and il is signed on their behalf by.. Rita Beaumont- Chairnian
AGE UK BEDFORDSHIRE - Independent Auditor's Report Independent Auditor'5 Report to the Members and Truslees of Age UK Bedfordshire Opinion We have audited the financial statements of Age UK Bcdfordshire (the 'parent Charitsble company.) for the year ended 31 March 2024, which comprise the Statement of Financial Activities, Balance Sheets (consolidated and individual charitable company), Statement of Cash Flows and noles to the financial statements. including significant accounting policies. The financial reporting framework that h&$ been applied in their preparation is applicable law and United Kingdom A¢¢ounting Standards, including Financial Reporting Standard 102 Tlie Finaneial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opiThion the financial 5tatements= give a true and fair view of the state of the charitsble company's affairs a5 at 31 March 2024. and of the group'5 incoming resources and applieation of resources, including its income and expenditure, for the year ihen ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared in accordar)¢e 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 laiv. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial 5tatemenis section of our report. We are independent of the charit&ble compamy 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 requirement5. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for ouropinion. Conclusion5 relxting to going concern In auditing the fiTkaneial statements. we have concluded that the trustees, use of the going concern basis of accounting in the pr¢paration of the financial stat¢rnents is appropriate. Based on the work we have perfonned. we have not identified any material uncertainties relating to events or conditions thaL individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at lea51 twelve Inonths from when the financial statements are authorised for issue. Our responsibililies and the responsibilities of the tnjstees with respecl to going nCern are described in the relevani sections of this report. Other informxtion The other infomiaiion comprises the infomalion included in the trnstees. annual report, other than the financial statements and our auditor's report ihereon. The trustees are responsible for the other infomiation contained within the annual report. Our opinion on the financial statements does not cover the other infom)ation and, except to the extent othernyise explicitly stated in our report. we do not express any form of &ssurance conclusion thereon. Our responsibility is to read the other inforniation and, in doing so, consider whether the other inforniation is materially in¢onsisl¢nt with the financial statements or ourknowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstalements, we are required lo deternine ivhether this gives rise to a material misstatement in the fin8neial statements themselves. If. based on the work we have perfomled. we conclude thal there is a material misstatement of this other information, we are required to report that fact. We have noihing to report in thi5 regard.
AGE UK BEDFORDSHIRE - Independent Auditor's Report Opinions Oll other mAtters prescribed by the CompaDies Act 2006 In our opinion, based on the ivork undertaken in the ¢ourse of the audit.. Ihe infonnation given iTk the trustees, report for ihe financial year for which the financial statements are prepared is consi5teni with the financial slatements- and Ihe trustee's report has been prepared in accordance wilh applicable legal requirement5. Matters on which we are required to report by eiception In the li.ht of the knoivledge and underslanding of the charitable company and its environment obtained in the course of the audil, we have not Identified material misstatements in the trnstee's report. We have nothing to report in respect of ihe following matters in relation to which ihe Companies Act 2006 and the Charities Act 201 I requires us to report to you if. in our opinion- adequate and sufficient accounling records have not been kepL or returns adequate for our audit have not been received from branches not visited by us. or the parent charitable company's financial statements are not in agreement with the accounting records and returns. or ertain disclosures of directors. remunerdtion specified by law are not made" or we have not received all the inforniation and explanation5 we require for our audit. or the irustees were not enliiled io prepare the financial statemenl in accordance with the Small companies r¢giTne and take advantage of the small companies exemption from the requirement to prepare a Strategic Report. Responsibilities of trustees As explained more fully in the trustees. responsibilities ststement set out on pages 10 2nd I l. the tNstees (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 deternline is necessary to enable the preparation of fjnancial statements that are free from material misstatement, whether due to frdud or error. In preparing the financial statements, the trnstees 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 InteeS either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. Auditor'5 responsibilities for the audit of the financial statements Olir objectii'es are to obtain reasonable assurance about whether the financial statements as 2 whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report 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 d¢te¢i a material misslatement when it extsts. Misslatements can arise from fraud or error and are considered material if, individually or in ihe aggregate, they could reasonably be expected to influence the economi¢ decisions of users taken on the basis of these financial ststements. Irregularilies, including fraud. are instances of non-cornpliance with laws and regulations. We design procedu5 in line with our responsibilities. outlined al)ove, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.. The charity is subject to laws and regulations that directly and tndirectly affect the financial statements. Based on our understanding of the charity and the environment it operates within, we determined that the laws and regiilations that were most significant included FRS 102, Companies Act 2006, Charities SORP, Charities Act 201 I, Health and Safety regulations and employment law. We considered the extent to which non-c¢)mplian¢e witli iliese laws and regulations might have a material effect on the financial statements, including how fraud might occur. io
AGE UK BEDFORDSHIRE - Independent Auditor's Report We evaluated management's incentives and opportunities for fraudulent manipulation of the finan¢ial statement5 {including the risk of override on conlro15), and determined that the principal risks were related to the posting of inappropriate accounting entrie5 to improve the charity's results for the period. and management bias in key accounting estimates. In addition to this. we have also identified the following principal risk areas: Income recognition- there are two comwnents to this risk. being income completeness and income cul- off; Restriction of income and expenditure- there is a risk that restricted income received may be classified as unrestricted income. This in¢ome can only be used to fvlfil a particular purpose. There is also a risk that restricted funds May be used for expenditure thai does nol relate to the particular purpose for which the restricted income was received. Audit procedures perfomied by the engagement team included: DisCUS5ions with management and those responsible for legal compliance pro¢edure5 Wlthin the charity to obtain an understanding of the legal and regulatory framework applicable to the charity and how the harity complies with that framework. including consideration of known or suspected inslances of TkOn- compliance wilh laws and regulalions and fraud. Reviewing minutes of Trustee's meetings- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-cornpliance with laws and regulations- Identifying Mnd testing journal entries, in particular any journal entries Posted with unusual a¢¢ount ombinations. Reviewing the fund allocation of both income and expenditure. Performing transaction testing and cut-off testing on income. Because of the inherent limitations of an audit. there is a risk that we will not detect irregularities, including those leading to a material missiatemenl in the financial statements or non-compliance with regulation. This risk increases the more thal complianee with laiy or regulation is removed from the events and transactions reflethed in the financial statements. &$ we will be less likely to beme aware of inslances of non-compliance. The risk is also greater regarding irregularities occurring due to frdud rather than error. as frdud involves intentional concealment. forgery. collusion. omission or misrepresentation. A further description of our responslbilities is available on the Financial Reporting Council's web51te at.. https:l/wivw.frc.org.uk. This description fornis part of our auditOT'S reporL Use of our report This report 15 made 501ely to the charity'5 tste¢s. ls a body, in accordan¢e wlth Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so that we might state to the charitable company's members and its trustees those matters we are required to state to them in an auditor'5 report and for no other purpose. To the fullest extent permitted by law. Ive do Dot accept or assume responsibility to anyone other than the charity and the charit> s tnjslees as a body, for our audit work, for this report, or for the opinions we have fonned. Will Amos Senior Statulory Auditor For and on behalf of Haw50ns Chartered Accountants Statutory Auditor Jubilee House 32 Duncan Close Moulton Park Northampton NN3 6WL 20-12-2024 li
AGE UK BEDFORDSHIRE CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (including Consolidated Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2024 Total Funds 2024 Total Funds 2023 Ullrestricted Funds Designated Funds Restricted Funds Note Ineome #nd Endowments Donations and legacies Incomefrom charilable aetivilies.. Grants from public authorities and other grants Welfare services 4,578 4.578 23,786 47.800 1,613.082 146.593 194,393 ,613,082 165,584 1,259,105 Incomefrom oiher Irading aclivilies.. Trading subsidiary Other non charitable trading Fund raising xctivities Investment inwme 16,375 16,375 18,202 2.472 2,472 473 Total intome #nd endowments 1,684 146,593 1,830,900 1,467,150 Expenditure EKpendilure on ralg fvnds Trading subsidiary Other non charitable trading 14,499 (14,499) 13,822 (13,822} (14,499} Erpendilzire on charilable O¢livilies (1,548,221) 1,562,720 (146,593) 146,593 (1.694,814) (1,549.587) 1,563,409 Total expenditure 1,709J13 Net ineomel(expenditure} Transfers between funds: 121.587 121,587 (96,259) Net movement in funds for the year Reconciliation of funds Total Funds brought forward at l April 2023 TotAI Funds carried forward at 31 MArch 2024 121587 121,587 (96,259) 169.573 3,967 173,540 269,799 291,160 295,127 173,540 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive frotn Continuing activities. 12
AGE UK BEDFORDSHIRE BALANCE SHEETS AS AT 31 MARCH 2024 Gro Chari Note 2024 2023 2024 2023 Fixed Assets Investments Tangible assets Total Fixed Assets 14 12,218 12218 13.193 13,193 12.218 12.219 13,193 13,194 Current Assets Stocks Debtors Cash at bank and in hand Total Current Assets 15 16 25 4,346 313,485 3,777 172.646 101.961 278J84 4,346 313,751 73,560 391.657 3,777 173.006 101.601 278J84 391,657 Liabililies Creditors falling due within one year Net Current Assets 17 108.748 282,909 117255 161,129 108,748 282,909 117256 161,128 Total a55ets le55 current lithbilities 295.127 174J22 295.128 174J22 Creditor5: falling due after more than one year 18 {782) (782) Net Assets 295 127 173 540 295,128 173,540 The funds of the charity: Unrestricted income fijnds Designated fund5 Restrithed income funds 20 19 19 291.160 169.573 291,161 169,574 3.967 3,967 3.967 3,966 Total charity funds 295,127 173 540 295,128 The financial statements were approved by the tNstees on 20-12-2024 2024 and signed on their behalf by.. Rila Beaumont - Chair Trustees The notes on pages 18 to 30 form part of these accounts. 13
AGE UK BEDFORDSHIRE CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 Note 2024 2023 CAsh used in operating activitie5 21 Cash flow5 from investing activities Interest income 2.472 473 Purchase of tangible fixed assels 14 (5,008) {4,754) Cash provided by (used in) investing activities 2,S36 4,281 (Decrease)lincrease in cash and cash equivalenis in the year (28,135) (40.774) Cash and cash equivalents at ihe beginning of Ihe year 101,961 142.735 Total cash and cash equivalents at the end of the year 73,826 101,961 14
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting Policies a) Gener#1 information and b¥sis of preparation Age UK Bedfordshire is a company limited by guardntee incorporaied in the United Kingdom. In the event of the charity being wound up, the liabilily in respect of the guarantee is limited to £1 per member of the charity. The 3ddres5 of the registered otTice is given in ihe charity infomation on page 5 of these financial slatements. The nature of the eharity's operations and principal activitie5 are detailed on pages 2 and 3 ofthese fmancial statements. The charity constitutes a public benefit enlity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financi Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP {FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern b&sis under the historical cost convention. modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity. The financial statements have been prepared in order to give a Irue and fair view of ihe charity's financial position. financial perfomiance and cash flows for the year ended 31 March 2024. b) Group financial statements The Group financial slatements comprise the financial statements of Ag¢ UK Bedfordshire and its wholly owned subsidiaryj Age UK Bedfordshire Trading Limited for the year ended 31 March 2024. The charity's own statement of financial activities replicates ihai of ihe group as the only subsidiary company is no longer trading. c) Income Income represents donations, grants, legacies. trading income and income from service level agreetnents due for the year. All incoming resources are included within the Statemenl of Financial Activities (SOFA) when the charity is legally entitled to ihe income and the amount ean be quantified wtih reasonable accuracy. Grants and legacies receivable and local authority fees are credited to the SOFA in the year for which they a received. All amounts exclude VAT. d) Trading Income Trading income consists of non-charitabl¢ incoEne, commission received on sales of insurance, funeral plans. charity flowers, personal alarnis. subsidiary income and other miscellaneous income. The subsidiary's trading income ceased on 31 March 2018. e) Expenditure on raising funds Cost of generating funds comprises costs directly attributsble to attrdcting incoming resources and are recognised on an accruals basis. Charitable Activities Expenditure Charitable activities expenditure represents expenditure ihat is directly incUed in the provision of services and in achievement of the objectives of the org8nisation in other ways. along with allocated supw)rt CQ5ts. g) Governance and Support Costs of the Charity Governance costs of the Charity represenls the expenditure Incur in the running of the Charity such as costs of meetings, audit and statutory compliance, and includes any costs which cannot be specifically identified to another expenditure classification. No such costs are allocated to restricted funds. 15
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS Accounting Policies (continued) h) Depreciation Depreciation is provided at the following rates to write off aIl tangible assets over their useful lives. Computer hardivare Computer software Office equipment Other equipment Leasehold improvemenls 250/0 SiraightLine 33 /0 Straight Line I 00/0 StraightLine 25 /0 Straight Line Duration of Lease i) Stock Stock consists of key safe5 and unifonn5. Christm&s and birthday cards for resale, and postage stamps. Stocks are valued at the lower of cost and nel realisable value. j) Funds The accounls distinguish between 'unrestricted' and 'restricted' funds. Unrestricted fid5 are ihose where there are no externally imposed restrictions, and are freely available to the Trustees for use in accordance with the object5 of the eharity. Funds are 'designated' to specific projects from accumulated unrestricted funds. Funds were designated to provide for the costs arising relating to the potential acquisition of Age UK Buckinghamshire. Another designated nd relates to future pension provision. Restri¢ted funds are to be used for the specific purpose for each project within each type of fund. Restricted funds include the WarmeriHealthy Homes Hardship Fund for the purpose of providing minor home improvements. Other restricted funds include the People Fund established for the purpose of providing small grants to older people in need. and asimilar fund for the disadvantsged. k) Operating LeA$es Rentals applicable to operating leases are charged to the SOFA over the period in which costs are incued. l) Pension Scheme The charity participates in a multi-employer defined benefit scheme which provides benefits to some 950 non-associated parti¢ipaiing etnployers. It is not possible for the company to obtain sufficient infomation to enable it to a¢count for the scheme as a defined benefit Scheme, therefore it a¢¢ounts for the scheme &s a defined contribution scheme. A full actuarial valuation for the scheme wa5 Caled out at 30 September 2023. This valuation showed assets of £832m, liabilities of £531 m and a deficit of £16m. To eliminate this ndIng shortfall. the Twstees have asked the participating employers to pay additional wntribution5 to the scheme. For 2023124 the charity's deficit contribution was £nil. The scheme is classified as a 'last-man slanding arrangement.. TheTefoTe. the charity is potentially liable for other participating employers, obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Parti¢ipaiing employers are legally required to rneet their share of the scheme deficit on an annuity purchase basis on withdrawal from the scheme. 16
AGE UK BEDFORDSHIRE r4oTES TO THE FINANCIAL STATEMENTS Where the scheme is in deficit and where the charity has agreed to a deficit fijnding arrangemenl the charity recognises a liability for this obligation. The amounl recogni5ed is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present Value is calculated using the discount rdte 5.520/(k. The unwinding of the discounl rate is recognised as a finance costs. tn) Going Concern The charity is dependent upon the continued receipt of grdnts from public authorities and the income Stream generated from ils charitable activilies. After due consideration of all relevant factors including the Current economic uncertainty, the trustees have a reasonable expectation that the charity ha5 adequate resou¢5 to continue to opernte for the foreseeable future. n) Donated services and f#eilities When services are provided to the charity as a donatTon that would be nomially be purchased from suppliers and an estimate of value can be reasonably determined. this contribution is included in the fInanci81 statements at that estimated value. Where the value cannot be reasonably detennined, the nature of ihe donation is disclosed in the notes to the financial stalemenls. o) Debtors Trade and other debtors are recognised at the settlernent amount due. Prepayments are valued at the amount prepaid as at the balance sheet date. p) Cash at bank and in hand Cash at bank and in hand includes cash and short terni highly liquid investments with a short maturity of three months or less. q) Creditors Creditors are recognised when the charity a present obligation resulting from a p&st event that will probably result in the transfer of fvnds to a third party and the amount due can be measured reliably. r) Irrecoverable VAT All resources exp¢tided are classified under activity headings that aggregate all costs related to that category. ItTecoverable VA T is Charged against the category of resourtts expended for whi¢h it was incurred. 17
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 2 Activities to generale fund5: Trading subsidiary The charity owns th¢ single i55u¢d ordinary share in Age UK Bedfordshire Trading Lirnited. which is incorporated in England and Wales. The subsidiary is a trading company which transfers its taxable profit lo the charity by a Gift Aid Declaration. A summary of the trading result is shown below. 2024 2023 Profit And loss account Turnover Salaries, National Insurance and pension Travel and subsisienee Staff training and recruittnent Renl, cleaning and utilities Telephone, postage, stationery and IT Repairs: renewals and insurance Depreciation Miscellaneous Publi¢ity Audit Fees Operating profit Gift Aid paid to Age UK Bedfordshire Ltd Profit l Loss for the year Profit and Ios5 account brought forward Profit and loss account carried forward Balance Sheet Current assets Debtors Cash ai bank and in hand Current Liabilities Intercompany account 266 361 265 360 Represented by . Share capital Profit and loss accounl 18
AGE LpK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 3 Investment income All of the group's investment income of £2.472 (2023: £473) arises from money held in interest bearing deposil accounts. 4 Income from donations and leg8cies: Unrestrieted Funds Restricted Funds Total 2024 Total 2023 Donations Legacies 4,578 4,578 11,032 12,754 23,786 5 Other non charitable trading income: Funds Funds 2024 2023 Other income 16.i75 16,375 18,202 6 Grants from government or public authoritie5 and other grants received . Unrestrieted Fullds Restricted Funds Total 2024 Total 2023 Bedford Borough Council Social Services Central Bedfordshire Social Services Age UK Handyperson Project Central Bedfordshire Council TFN Bedford Borough Council - TFN Bedford Borough Council - Outbreak Management Bedford Borough Council - GSFW Campaign Central Bedfordshire Vaccinations Grant Age UK MCST Dementia Project Age UK C05t of Living Response Fund Groundwork UK - Tesco 'Golden Grant, Groundwork UK One Stop Community Partnership Tes¢0 - Groundwork Community Grant Shell Community Kindness Grant NHS Link Project Bedford Borough Council - Ageing Well Bedford Borough Council - Hot Boxes Central Bedfordshire Council- Hot Boxes (HSF) Age UK Winter Health Granl 14,355 33.875 11,349 9,668 8,000 14.355 33,875 11,349 9,668 8,000 14,355 31,721 7,275 9,053 8,000 19,804 3.333 2,000 12,555 3,077 10,000 500 125 16,667 16.667 13.381 36.923 13,381 36.923 1.375 1,000 1,375 1.000 7,320 7,800 7,800 10.000 iO.000 7,800 10,000 30,000 26,666 47,800 146,593 194.393 165 584 19
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS Resources expended on non charitable activities: Unrestricted Funds Designxted Funds Restricted Funds Total 2024 Total 2023 Salaries, National Insurance and pension Travel and subsistence Rent, cleaning and utilities Food - Sandy lunch club 14.499 14,499 13,822 14.499 14,499 13,822 Resources expended on ¢h8ritable aetivities Unrostrieted Funds Designated Fund5 Restricted Funds Total 2024 Total 2023 Salaries. National Insurdnce and pension Welfare Services - workers. wages Staff iraining and recruitment Travel and subsistence Rent, rdtes, cleaning and utililies Telephone, postage. stationery and I T Repairs, renewals & insurance Depreciation Bad debts Miscellaneous Publicity Governance costs (see note 9) 286.829 940,875 5,091 99.741 51.757 46.284 11.163 4,067 6,880 18.195 3.759 73,580 1,548,221 79,698 28,902 659 4.295 18.147 9.163 2,393 1,220 211 1.344 561 366,527 969.777 5,750 104,036 69,904 55,447 13,556 5,287 7,091 19,539 4,320 73,580 1,694,814 361,599 829,039 7,078 97,759 68,868 53,050 12,474 6,364 7,005 20,706 6,832 78,813 1,549,5 87 146,593 Analysis of governance costs: 2024 2023 Salaries, National Insurance and pension Travel and subsistence Audit fees and other professional charges General office Depreciation Bank charges SubscriptiQll5 Room hire 47,436 288 47,576 233 12,826 10,262 696 ,349 564 159 73,580 16,626 11,100 796 1,882 403 197 20
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 2024 2023 10 Net Incoming Resources This is stated after charging.. Depreciation Auditor's remuneration 5,983 10,140 7,160 9,600 I I Staff Costs and Trustees, remuneration 2024 2023 Wages and salaries Employer's National In5ufdnce Pension costs ,338,150 38,702 21.386 1.200,972 32,508 18,555 1398 238 1,252,035 One employee received emoluments of £60.000 or over (2023 . One) The average number of employees wa5: 2024 2023 Number Number Welfare 5ervi¢es workers 147 131 Welfare services staff Inforniation and advice Administration 165 Full time Part Time 160 165 143 151 12 Trustees, and key management personnel remuneration and expensos The trustees received no remuneration (2023: £Ntl). No out of pocket expenses were reimbursed to the Irustees {2023- £Nil). The total amount of employee benefits received by key management personnel is £167.656 (2023.. £161,059)- The Trust considers its key management personnel to compri5e- Chief Executive Officer. Deputy Chief Executive oificer. Facilities and Support Services Manager, Accounts Manager. 21
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 13 Taxation No liability lo corporation t&K arises on the results for the year. 14 Tangible Fixed Assets Leasehold Computers Office Other Improvements Software Equipment Equipment Total Cost At beginning of year Additions Disposals Ai end of year 45,588 73,780 1,849 23,768 379 32.569 2.780 7,194 182,899 5,008 45,588 75.629 24,147 35.349 7,194 187,907 Depreciation At beginning of year Charge for year Disposals At end of year 43,826 391 71.450 .757 20.826 589 26.410 3,246 7,194 169,706 5.983 44,217 73.207 21.415 29.656 7,194 175,689 Net Book Value at end of year 1.371 2.422 2.732 12,218 Net Book Value at beginning of year 6.159 13,193 15 Stock Grou 2024 Chari 2024 2023 2023 Chrislmas cards Postage stamps Keysafes Unifomis Aids Personal Alamis 311 112 882 2.963 49 29 4.346 276 226 957 2,246 62 10 3,777 311 112 882 2,963 49 29 276 226 957 2,246 62 io 3,777 Char 16 Debiors Grou 2024 2023 2024 2023 294,0 62 19,68 Trad¢ d¢btor5: welfare services 294,062 158,984 158,984 Prepayments and accrued income 19,423 13.662 14,022 313,7 51 313,485 172.646 173,006 22
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 17 Creditors- Amounts falling due within one year Group 2024 Charit Accruals 2023 2024 2023 Other taxation and Social Security Other creditors 9,006 37,740 62.002 108,748 9.096 18.973 89,186 117.255 9,006 37,740 62,002 108,748 9,096 18,973 89,187 117,256 18 Creditors- Amounts falling due within one year Croup 2024 Chari 2023 2024 2023 Pension deficit 782 782 19 Movement in Funds Restricted Funds The allocation of incoming resource5 and resources expended between the various restricted funds was as follows:_ At 31.3.24 At 1.4.23 Intoming Outgoing People Fund Advice services Welfare services WannerTrlealthy Homes Hardship Fund Fund for Disadvantaged 2,006 2,006 88,249 58.344 {88,249) {58.344) 1.694 267 1,694 267 Total Restricted Funds 146,593 146,593 3,967 At 31.3.23 At 1.4.22 Incoming Outgoing People Fund Advice services Welfare services WartnerNealthy Homes Hardship Fund Fund for Disadvantaged 2.006 2.006 98,694 20.424 (98,694) (20,424) (65) 1,759 267 1,694 267 Total Restricted Funds 4.032 119,118 119,183 3,967 23
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS Designated Funds At 31.324 At 1.4.23 Incoming Outgoing Transfers Pension Fund Age UK Buckinghamshire A¢quisitiOD Total Designated Funds At 31.3.23 At 1.4.22 Incoming Outgoing Tr4nsfer$ Pension Fund Age UK Buckingham5hire Acquisition Total Designated Fund5 Unrestricted Funds - Group At 31.3.24 At 1.4.23 Incoming Outgoing Transfers Accumulaled Trust Fund Non-charitsble trading fund 169,573 1,684.307 (1.562.720) 291,160 169.573 1.684,J07 (1.562,720 291 160 At 31.323 At 1.4.22 Incoming Outgoing Trgnsfers Accumulaied Trust Fund Non-charilable trading fund 265,766 1.348.032 {1.444.225) 169,573 265,766 l.i48.OJ2 (1.444.225 169,573 Unrestricted Funds- Charity At 31.3.24 Al 1.4.23 Incoming Outgoing Transfers Accumulated Trust Fund 169,574 1,684,307 (1.562.720) 291,161 169 574 1,684,307 {1.562,720 291 161 At 31.3.23 At 1.4.22 Incoming Outgoing Transfers Accumulated Trust Fund 265,767 1,348,032 (1,444,225) 169,574 265,767 1.348.032 .444,225) 169.574 24
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 20 Analysis of Net Assets Between Funds 2024 Unrestricted Funds Designated Fun(Ls Restricted Total Funds Tangible Fixed Assets Net Current Assets Creditors of more than one year 12,218 278.942 12,218 282.909 3,967 291,160 295,127 2023 Unrestricted Destgn4ted Fun(ts Restricted Total Funds Funds Tangible Fixed Assets Net Current Assets 13,193 157,162 782 13.193 161,129 782 3.967 Creditors of more than one year 169.573 3,967 173,540 21 Reconciliation of net movement in funds to net Cash flow from operating aetivities 2024 2023 Net movement in funds Add back depreciation charge Add back loss on disposal Deduct interest income shown in investing activities Decrease (increase) in Stock Decrease {increase) in debtors Increase (decrease) in creditors Net cash used in operAting activities 121,587 5,983 (96,258) 7.160 81 (473) 357 (6.943) 59,583 (36,493 (2,472) (569) (140.839) 25,599 22 Related Party transactions There were no reportable related party transactions in the year. 25
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 23 OperAting Lease Commitments 2024 Annvgl Years commitment left Year I 2024 Years2 to 5 Year 5+ Photocopier Franking machine Property 1.142 1.919 55.782 5.00 1,142 5.00 1.919 12.00 55.782 4.566 7.676 234,510 457,861 246,752 457.861 2023 Annual Years commltment left Yegr I 2022 Yr52to5 Year 5+ Phoiocopier Franking machine Property 1.00 6.00 1.00 1.181 1,919 54,688 1.919 54.688 7,676 1,919 57.788 1,919 26
AGE UK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 24 CONSOLIDATED STATEMENT OF FINANCIAL cfiviTIES (including Consolidated In¢om¢ and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2023 Total Fund5 2023 Unrestricted Funds Designated Funds Reslricted Funds Income and Endoivments Donations and legacies Incomefrom charilable aclivill.' Grants from public authorities and other grants Welfare services 23,786 23,786 46,466 1.259.105 119,118 165,584 ,259,105 Incomefrom other Irading aclivilies.. Other non charitable trading Fund raising activities Investment income 18,202 18.202 473 473 Total incotne endowments lJ48,032 119,118 1,467,150 Expenditure Eypenditure on raisingfvpk Other non charitable trading 13,822 (13,822) (1.430.403) 13,822 (13,822) (1.549,587) ,563,409 Eypenditure on charilable aclivilies Total expenditure (119.184) 119,184 1,444225 Net incomel(expenditure) Tr4n5fers between funds (96,193) (66) (96,259) Net movement in funds for the year Reconciliation of funds Total Funds broughi fornvard at l April 2022 Total Funds carried forward at 31 Mareh 2023 (96,193) (66) {96259) 265.766 4,033 269,799 169,573 173,540 27
AGE iiK BEDFORDSHIRE NOTES TO THE FINANCIAL STATEMENTS 25 Cash and cash equivAlents Grou 2024 Chari 2024 2023 2023 Cash in bank Cash in hand 73.560 266 73,826 101.601 360 73,452 108 73,560 101,352 249 101601 26 Analysis of net debt At l April 2023 Cashflows New debt At 31 March 2024 Net cash Cash on hand and at bank 101.961 101,961 (28,135) (28.135) 73,826 73,826 Net debt Bank loans Total 101.961 (28.135) 73,826 28