REGISTERED COMPANY NUMBER: 04323296 (England and Wales) REGISTERED CHARITY NUMBER: 1091519
ELDERS VOICE
Report and financial statements for the year ended 31 March 2022
Elders Voice Report of the Trustees for the year ended 31 March 2022
| Contents | Page |
|---|---|
| CEO Introduction | 2 |
| Trustees’ Annual Report | 3-10 |
| Independent Examiner’s Report | 11 |
| Statement of Financial Activities | 12 |
| (Incorporating an income and expenditure account) | |
| Balance Sheet | 13 |
| Statement of Cash Flows | 14 |
| Notes to the Financial Statements | 15-23 |
1
Elders Voice rt of the Trustees for the ear ended 31 March 2022 CEO IHfRODUCTION Elders vol continues to provide practtcal SUFWrt vthiie promoting the al aue that c with the partIpatIon of c4der adults in all aspects of Brerrt life. The start of 2021 saw the reopening of schcols and the kdown restrictions bn9 Itfted. This ds a period of uncertainty for Elder5 Vol, our clientele were still the most vulnetable to the effeds ofCOVID 19, yet Nthile a¢ross the country restrictiS Ere lffted. there was litt guidan regarding the type of support that could be offer&J to older e. We needed to balance our mission to deliver safe services. both clEnts and staff while increasing f&e to fa activities aimed to Supp okler Fwile's mental and physical wellbeing. Vle endeavoured to adhere to public health guMJance. mindfijl of our dients, neets, whilst operatiThJ in a dimate of limited income opportunities aThY possible closure of services. In March of 2021. the London Borough of Bnt annn the rtrtendering of our main seNi¢e contrad (the 'Handyperson and Older Persons Floating SupFMNf) into Iw) separate servt agreements, splitting the Handyperson servi from the Older Peopks FloatirvJ Suppcwi Service, the latter to be delivered a 36% funding CUL In December 2021, we reVed confirmation thatv had been abrdrded the Handyperson serv Gonlra¢t. Elders VoiG¢ had submitted an innovatiye bid for the Floating eupport service that klressed the challenges posed by such substtial and immediate funding cuts. Our tender received the highest score. hcAvever. the commi&8ioner decided to postpone a deeisK)n and r tender the contract in 2022. Ere asked to continue delNering both the Serv as per the rrent combined corrtract up to 31. March 2022. In the summer of2021. the Wellbeing Servi opened its to a small hort of private clients. Unfortunately. the Social Care teams kept on hohj all new referralswhilstthey explored altemaiive approaches to day care semces. Elders Voic's reputaticn kn its c(Hlesign of innovative Servi for oklw pwple a5 Steadi groMn9. We Yre award&J funding to take this co-design aF4xoa¢h to Ikvelop ways of using music to support both a person INing th dementia and their families. Thi8 resuw in a number of vK)rkshoF6 that broughl families together to explore their joint needs, as well as their own ndividual exFETiences (A supporting a loved one living Vth dementia As part of this wxess, we were atrJe to bring the Royal Philhamonic Orchestra to our Wellbeing Centre for a series of workslw, exploring thewodd of live music and o)nsolidating our profile as an organisalion ab to attra< and s)rk in ptswship with, a vjide range of higK FKrfile nalK)nal organisations. The finance arKI almini%tration team of Etder5 VO ensured that our finances were dilv3ently manw, resources Vre released to ensure the building ahrdys remained safe for staff and seiceS users. and there was inVestnt in ne•V IT and communications systems. Policies for eble and lone w)rking were reviewed and imb&lded. Financial siability and goveman ensur8J that Elders vol maintained itsviatm'lty in limes ofuncertainty and change. vthile mthing the (ganISation more agik arKI resourcefijl in reacting to ever changing circumstan.
Elders Voice Re rt of the Truste8s for the ear ended 31 March 2022 Elders Voio is an organisation that thanks to the dgjication and creatNe apprh of staff, trustees. and volunteers. is ale trj successfulty punch above its theight. We wll continue campaigntng for a more collatrAYatNe approach to developing services ftjr older wple. lealing this narrative wth commissioning teams. kya pM)litiuans, and Ic¢al Social Care teJns. JC CumirKJ-HwJgs CEO TRUSTEES ANNUAL REPORT The Trusts, w are the direciors of the charity for the purposes of the C(ynpanies Act 2(K6. present their repct with the financial staietnents of the charty forthe year ended 31 March 2022 The Tnjstees have adopted the provisions of the Ac£ounting and Repong by Chariti Statement of Recommend Practice applicable to charities preparing their Ounts in accordance wth the Financial ReFQrting Standard applicable in the UK and Republic of Ireland IFRS102} {effecve l jUary 2016). OBJECTIVES AND AcnvmES The Trustees have referred to the guidan contained in the Charity CommissKJn's general guid on pufAic benefit vthen revwng me cnanty's aims ana ODieGThes an¢7 In annIng ns future activities. In particular, the Tnjstees consider how planned aLliwties will contribute to the abrns and Obj"tiveS that have been set Alms and Objoctlves Elders vol exists to prormte the interests of older FEop4e aged 50 rS and over l1vir wittmn the Lond£ Borough of Brent and the Greater London Authority. Eklers Voice belENw that dder people: Have vast life skills and experience that should tr valued by us all Deserve to live a happy. aLli¥e and pu•1 life in the way that ty thw£. That there . Ways opportunibe$ for older peoF4e to get tojetherto kam and (k) the Ihings enjoy. Ways for dder people to influerKe other peLyle's ijeas, policy and practica Elders vol wll b8 mindfijl of the dtfferent ways in vthich oldw ppIe are interdeFendenl wilh other people in their lives.. ayS ensuring they are giving and recewing 5UPPOrt in Nyays that suit them.
Elders Voice Re ort of the Trustees for the ear ended 31 March 2022 STRATEGIES FOR ACHIEVING OWECTIVES. Our key strategw for achiewng our ot4ectives have been revMved.throUglut the yparat Boanl meetings.. sUpt our staff to be inspired by the cause. To continue to ensure Ejders vol is viable and fft for the future., To rA)ntinue to review resources and capacty,. To (x)ntinue to seek funding through tenders and grdnts, and fr(xn trusts arKI foundatiorts.. To conb'nue to work with older people in a safe. reSFfu1. inwting, holith arKI inspNTing way- ay$ ensuring that older pe0Fe are listened to and set the agerth. To continue to develop our culture of leaming and innOVatn To lId on. and create, new partnerships with IcKal community groups and other care organisations and providers- th these partnerships seek out opporttsnit for joint funding 1n ne4V fuThling streams. PUBLIC BENEFrrs THAT ARE PROVIDED BY THE COMPANY We aim to: Vvork witti and ft)r older [pIe to ampltfy their vous and ensure they can Inffiuer and parb"cipate in the deVelOpEnt of more inclusive and appropriate semces. Provide opportunities for older pIe to tackle swal isolati, loneliness and exdusion Provide high qualrty. prtical suFptyt that able okler kwle to be safe and secure in the homes of their ch¢J)sing. Create and strengthen partnerships bmth other community groups to erwre older pg)p]e can be active pathpants in their crynmunty. INVESTME1 POUCY Elders V0'S funds are split betsEen three British banks - Unty Trust BanK CAF Bank and Rethvocrfj Bank. and our inVestnnIS e by the Financ1 Se1 Compensation heme. RISK MANAGEME Elders vce'S Irustees, the finance manager and CEO regularfy rewew the risks the Ch is expjsed to. We undertake regular risk assessments on our SeN1 and ivities. All identffiab risks have be exam1Tl and the appropriate systems. procedures arKI training have en established to rrunimize these risks and 1r inpact on the charity. should the maierialise. To mitigate the effect of disasters. we consistently review our project plans, bgets, project outc(rn and policies and prou[e5 at Board Meetings aTKI Senior Managemeni meetings. We employ a s[cIalIst supFrfyt organization. Ellis Vvhittam. to advise us on our responybilib.es regard to health arHI safety and employment issues. They indemntfy us against any tegal action provided we follow that 8Jvice. The organisation's risk asse&8ment 18 remewed annually by the Board of Trustees to identify and undertake new areas of work. income generdtion and projec developmvnL and reposition the chaTTty so that rt can operate effectively atatime of (x)ntinu&l reduced public bjnding and thge$ to areas of Servi delNery
Elders Voice rt of the Trustees for tho oar ended 31 March 2022 INCOME STREAMS Elders Voi¢e holds servKe Gontrads th the Lon(knn Borough of BrenL 1. Housing Relatod Support S4 2. Welllxir¥J Centre 1. Housin Related Su rt Services Vve conb.nue to deliver Ihe Phyjsing Related Support Service and have been doing so sir September 2017. This is a contr1 procured from the London Borough of Brent. The requirernent ofthe c£trt is to supwrt ohjer wple to SUSts theirtenarries or homes and raJu( Ihe need for more intensive sUprt. The service aims to help people maintain or regain their independence, in(xease saFety in the home, encourage people to settle into the community, and support the development of setf-reliartr. The contract requires Elders vol to delTrr t distinctive Servi elements to achieve this. 1. Fk)ating SupFQrt 2. HandyFerson seNi(e The Fl(•ating Support element of the seThi vrkS in collab(Nation with okler rB)ple to: Find apprupriate hwsing for their nJs, Ensure they receive tha CLsrrect benefft entrtlement Better manage their finarS Acce55 QP5XjrtUni. Iu tallevF<iLv èubidl and knneliF4ess. Ensure they can man4e their physul VlIbeg ar mental h881th The servre works in partnership with a range of enThe$ to enable indmduals to meet therr ob identffigJ needs arKI out(M&s. From 11t Awil 221 to 31Xt Mard) 21Y22 the Floating Support Servi supported 542 older people. The Handyperson element of the Servi carries jobs in the howE. induding home safety checks and adwsing on potential causes of accKlents arKI how to improve security. The team uThlertake a range of w&tKal suppyt includiThJ', Supptying and ftiting key safes Fitting gfdb rails and banister tails Supplying and fflting locks, bc4is and peepholes Simple Fdumbing wr)rk Simple carpenty work Filting dectrical sockets and plu This Servi is essential to ensure that teoples, homes remain safe environments fc them to fNe in. From 1 April 2021 to 31 March 2022 the Handyperson Servi delivered Tft jobs in 277 h¢Jusehokls.
Elders Voice rt of the Trustees for the ear ended 31 March 2022 2. Wellbein Centre The Well1ng Centre provides vdlbeing activities for older people. In the past the L(dOn Borough of Brent thial Care team would assess older person's needs in line vAth the natal Fair Access to Care servi (FACS} criteria. If su(wsftJl the okler Ferson would be alhxaled number of days per w&k at the Wel1bng Centre. and Elder5 Vce woukl paid directty from the London Borgh of Brent forthat per,8 seNice. Sin March 2020 this prccess has effectivefy stopp&J arKI throughoul 2021 to March 2022 vol received no nam referrals for our sermees. This was nol unique to Elders Voice. similar issues being reported by both local aulvity 8j voluntary seclor providers of older rÈoplÈ's seNices. This is an intemal issue within Brenvs owi stti21 care teams, 2nd are Vh)rking closety with the comMisslj teams to rectify ÈL OutsKle of fvnding from Brent &xial Care team there is aso the option for an older Ferson to self-fund a place in the Wellbeing Centre. In these cases. there is no requirement for a FACS assessm8nt. and the person pays Elders vol directly, monthty, in rnrs fcr attendances. 1 Through ourccpdesNJn tr"eS we invibj a numLErofpeo to partiupate in I)ShopS that helped us sh4)e ourthinking on howvRwll devebp serwces in the futyre. We believe our design apFxoach to amplifying older FwpJe's voices will create a more incluswe apwroach to supporting dder people. 2 Our Zumba cL8sses began a hybrid approach of mued on4ine al live dasses vthi enab the participants to either rern to Ihe Wellbeing Centre or tojoin the on4ine Irve streaming service 3 The Royal Philharmonic Orthestsa jLMned the 1Olellbeing Centre and delivered WkshopS lebrntiNJ music auoss the 4 Dartce West returned to the 1Olellbeing Centre to promde exercise through focuwj darKe dasses to help participants turn to being active, post Pandem 5 INe commenwl tyjr Music and Dementia proiecL VrkIng wth fllieS suppxbng a person vAth dementia and professional musKians to explore a famivs Gultural heritage. Our aim to better understand how music can be better used ag an integral part of care planniro. 6 As the centre reopen1 we began to wind down our Mrtual serwces, hovbever these can be brought back into play as we kx)k to be more re&tive to thal condit¥s. OTHER FUNDED AcTnilEs We had fc(ecast (a1engeS in raising adequate funds to sustain our Welthing Centre actiwbe$. A laryJe number oftrusts had supported organisatKJns in peril during thefirst loCkdoS. and much ofthe avalable funding seemed frKused at supporting organisations trdang immedrdte hardships. There was less money available and more competrtion for fiJrKling. Wth the UnrtaInty of the govemment's direcliw throughout the pandemic it was also difficult to plan building-based activitses that may have faced restrictions and further closure. We were ab to secure fuJIng to develop our around SUpting people living wlth dementia, moving away from the tradth.onal dropin café mcmjel. We were also able to start developing theme-ba5ed sessions. SpecifllY arnd exercise and compets"tNe sports.
Elders Voice Re rt of the Trustaes for the ear ondad 31 March 2022 Brent Council's Vduntary Sector Initialive Fund (VSIF) ¢))ntinued to fund our Wellbeing Zumba classes and purch much needed speoalist IT equipment to fxilitate our online presence. The UtY Famity Trust funded our Dementia arKI Mugi proi&t exFAoring the rdalionship beiween music, reminsscence and someone living wth dementia. The interim evaluation is very promising arKI the leaming V gained frcth this projec has enaued us to develop our reminiscence therapy pryramme, to exlerKJ supwt io families beyoTKI the life of the project grant. Track Academy are fijnding sportyng actbVIt aim&1 at fraIr okler aluEts. This helping people be¢(xne more active and socialise. share experience& make new frEnds and encourage a healthier and more active life style. OTHER INCOME STREAMS We reopened our hall for prNate hire in Awil 2021 aThJ rt generated much needed unrestric funds to help wilh core costs. Ve also received generous donation5 from private individuals, arwj our pknip with the Kensal Tri team hdped rais&1 morw from donatIcS raised by individuals taking part tn the annual Blenheim Trialhlon. COVID IMPACT le contin1 to deal WFth the of the COVID 19 pandem. with the lo maintain safe enmronment for staff and ser users influenciThJ every decision. We were ever mindful that the r that work with Ere still the most at risk from the effects of COVID 19. We were also, however. very aware that the n impact the extended testrictiorts haj had on okjer people. It VAS rKw imperative tha V slarted to encouwe peop to rern lo &live, communty-based. lives. FINANCIAL REVIEW Flnanclal poslllon The Statement of Finanaal Actmbes (SOFA) in¢oming resources for the year of £523,332 {prtor year £614,753) and outgoing resources of £527,IYJ7 (prior year £592,752) resultin9 in deficit of £3,675 Ipricy year surplus of £22.001). Elders vol spent 95.4% of its resoun on ¢harItae &vities (prior year 94.4%) The total resetves at the yearend stsr a £204,981 Iwor year £208.656). Of these £183,8C are Unrest[ted reserves {prKK year £199.737). These are telow the reserves polw target for three mi)nts of unrestrrcted expendiiure of £194.846 set in March 2021. The current polry will reviewed in OctoLw 2022 when the contractual agreement for the Fh)ating Support eknent of ihe Bnt Housing Related Semces. comes to an end.
Elders Voice Re ort of the TrustO8s for the ear ended 31 March 2022 Brent Local Authority are our wimary source of income viith othersmaller amounts from the Ut Farni Trust and Tr%k A(£demy. Donattons and Legache5 for the year total £4,568 (prior year £19,689). EldeF5 Voice would like to thank individual donors, anonymous donors 3rvJ wple who use our services who have donated throughout the year. This financial suppKJrt enables Elders vol to work towards achieving the aim of supporting older people. The funding landscape is likely to be very challeThJing in the coming year WTth infiation rising and the cosi of INing crisis brtirNJ. Forecasts are raising concems of a UK Ce&s1On that will impad on business. the statutory and voluntary sectors. Elders Voice wll ntinue to a(I'ust to the new landscape and seek new fundraising opportunities to ensure the delivery of our services to older people in our community. FimJRE DEVELOPMENTS Elders vol,$ reputalion for innovatKJn in the use of c¢>design in the development of new seMces is gr(7thng steadity. We will be cementing this wsriion tOV•Drkwith drfferent stakthlders to develop more effective Se5 that wll engage a vder coh(Yt of okjer people. SUPForting ttir dtfferent needs and asFirations. We have taken the rning from our Music and Dementia prO1t and have develowj a family- b&acd appr(thh io 1 a pewaon liMn9 wilh dcmcntio MCmrle0 uaing their fve senses. We believe rern1nis(xn approach wll have pJsitNe and lastirg imp&t upon familtes, and moves us foNRrd frcffi our previous drcpin dementia model. This wtll be one of a number ol menKJry-based programmes based wthin our new Memory Hub. We will te looking at the development of a comre1a1 am to our Handyperson service. This is a muth loved and trusted seThi across the tM)rough. We believe there is the potential to grDW the servw and will use the next three years to explore, test and develop a range of Lxmnmerctal oppxiunitses, tr) lower the level of relian ort local authority fvnding. Finally, we wll focus on intergenerabonal activities and look to formalise partnShipS wilh organisati that work with young peL. Britain is one of the wodd's most age-segregat countries. yet y have firSt-hd experien on how intergenerational xtivities make positive impa¢ts on all involved. reducing stigma, isolati¢Jn and increasing self-confidence and ccKnmunty participalion. We also believe this will increase our opportunities to tap into more diverEe funding
Elders Voice Re rt of the Trustees for the ear ended 31 March 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Etders V0e is registeT8J as a Charity Vth the Charity CommissK)n under registration number 1091519. It is constltuted a5 a company limited by guarantee {Wst[an number 4323296} arMJ is therèlore goveTn&J by its Meffjorandum ofAssociation. Legal reswnsibilty for the management ot the Charity is vested in the Bowd of Trustees. The Board of Trustees met evJht times duting the financial year 2021-2022 Zoom. the meetings Leing attend&Y also by the Chief Executive. the Finan Manajer and the Operatior Manager. At the time ofwriting this report we had six T$t. The Articles of Assoallon slate that Eiders Voice can recruit a maximum of fifteen Tntees. AILording to our Articl of Association. Trustees serve a term of three years after whth W must resTr but may offer Vle re(xuit Trustees vtho benefft the Charity Vth their knledge of older peoples, Se, the heallh and social e ageThla arNJ other skills, kn(Avledge and exF¢rien to complement The day to day running of the Charity 15 deleg*ed to the Chief Executive. supported ty the OFerations Manager. servi Managers and Finance Manager. The Chief Executive has overall responsibilty for Elders Voice prqect management and service development Serwce Marwrs are reSnble for day to day project management. the delivery of fr(1 line services. servi deVekmentand monitoring of projects. Front lineworkers are resF(ffisibleforrnaintaining quality of seNce and developing and sustsinK prOfeSsnal working rek9tionships with Se1 [8 and their faMieS.
Elders Voice Re ort of the Truste8s for the ear ended 31 March 2022 REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company Nurnber 04323 (England and Wales) Reglslered Charity Numbgr 1091519 Re9i5ter¢d Offl¢e 181 Mortimer Road London, NW10 5rN. Trustees vtho seNed during the year and up to the date of this report Ere as fou Christopher Dunham Mary Sackvill&West Nada Saviich Vrveen Sci)tt Nancy AUgtt Rebecca Deegan (resigned 02103r2022) Ryden (aFwnted 02103r2022) All the dirtorS of the company are also Trustees of the Charity and their responsibilities Irlude all the reswn$ibilities of directo under the Companies Act. The directors are MnbS of the company. The Trustees, Rewi ha5 been awoved by the trustees on behalf. l and signed on their Chrfstophèr Dvnham TNsteelDirector io
Independent examinerfs report to the Truste of ELDERS VOICE I report to the Char Trustees on my exarninatn of the axounts of Ekjers Vore fLY the year ended 31& March 2022. Responsibililies and basls of report q tKa. p.hArty's Trust of the Company {arxl the dlrths for the wrkN)ses (rf comp L3w> you are responsible ft)r the weparalion of the in CordanCe Ihe requiremen ofthe Companies Act 20C6 Ac). Having Satisfi Myse that the CoUnts of Ihe Company are not r4uired to be audrted uryjer Part 16 of the 20[ Ad and are eligible for independent examination, I report in resp of my examination ofyow charity's accounts as carried out Und section 145 of the Charib&8 Act 2011 {Ihe 2011AI¥). In carrying out my examinalton I have folkyAEd the Direcbons gIn ty the Charity Commission urKler 14515) (b) of the 2011 Act Independent EXamineS sLment sin the Compans gross income exceeded £250,000. I confirm that l am qualffied to undertake the examina1k beJse l am a rnember ofthe ICAEW, wthich is one ofts listed brNJies. I have Compted my examinaiion. I confirm Ihat r) matters have to my attention in connection with the examination giving me cause lo believe.. accounting records Ere nol kept in respect of the Company as required by section 3 of the 20( Art or 2. the accounts do with those records.. or 3. the a(>))unts do noi compty wth the CoUnting requirements of se(*ion 3% of the 20( Act other any requirement that the accounts give a 'true and fair Mevl vthich is not a matter crSidered as part of an indendent examinab"on' or 4. the lUnts have not ten prepared in aCrce vith the methods and winciples of the Statement of Recommended Practi for a¢untIng armd reting by tharitses awlKableto thariti.es preparing their accounts in accordanVth the FIncIal ReFM)rtirv3 standard applicable tn the UK and RepublK of Ireknd {FRS1021. I have no concerns arKI have rne across no other matters in connection wilh the examination to Vthh attention should te drawn in this reFQrt in order to enaL4e a proper understanding of the accourts to be hed. CACTA FCIE Goldwins Chartered Acuntants 75 Maygrove ROJJ West Harnpstead LOnn NW6 2EG. Date. Lo 11
(incorporating an income and expenthture account) Forth• y•ar •nd•d 31 Marrh 2022 221 F(L% Lkjnations 8nd ae$ 19.889 spOrt1j (th Peop age 50 and ffft 7311 517J•J 593.764 Inv8sknents 614.753 FdraIsing 27JJ36 27.Lk36 Chaiilabk a¢lNrts.' Swporbng othr peop ag8 So and 24474 565.716 24474 527JIOT 592.752 4931) 22.(K11 (14Jl) Y2,LX)1 Total lunds brought fonvaTd 1*n7 186.655 21175 208,656 The wre no rAh8r recc4Jnwd gains or k)55es otherthan slal&l 12
A• at 31 MaTrh 2022 TaNjIb ass 8.445 Stodc 11 12 8.394 203.S35 215.189 Cash at bdrt aThl Cr•JJ. noLlS falllng wthin one >ear 12TJ 114.978 124 2W,211 11 21.175 8.919 199.737 The Charitys firtanraal ststements ha Lwn y8paKgJ in 8rwd8Tr wilh ts wlOnS b) sutiect lo lh8 srnal companies wvnÈ. Tr TnJs Sler thal ts Chaiity lo exemption frcfn requitemerrt kn have an aLlit uThJer Ihe proVn of seclion 477 of the Compans Ad 2fWthe arkl merters have not requ¥1 th8 Chaiity to obtain an audrt for thè ar qu851ron in acmfdano 5&1K)n 476 of the act Tha TnK5es atrlle their SpOnSibl1S for COMpTra wilh tt wulrement of Ihe Compans Act with respedto a{rnUnb'r r8cords and the pyowabon offinaKlal sta*merts. rKI sj[d onth8irbeh&Wty. 13
Purthase off1 assets (2.295) 61.585 Cash and cash ¢qurents atth8 Iwnning ofth? 141.950 itst th VJ pwlod {as perthe stateMt01 Gol aclwitss) 22.11 9,1e6 178) 341 Increase in creditors At 1 April 31M Cash at bank and In harbj 203. 203.535 14
Bd•rn Vok• The fmanci81 5taiwnwts havè te8n 8Pa fft arance Wth Attoufitr Reporting by Chanb2s". Staiernent of Reojrnnnded pr&i 8rvlKabl8 to Charl prePg their accounts in arrarKe ith the Financi81 RepJtiThJ SlaFwJard apPIable in the UK and Repu of kd8nd IFRS 11k - effecthw 1 January 20151. (chare5 SORP FRS 11) and the CL¥rbpar¥es tharl¢tlMg rMpar mEets tkn)itson ofa publc nafft eTrlty under FRS 102. As%ets and kblitBs a aty recc#3nwl at hi5tortral rtht or tran5aikn value unkns 011¥1 stskny in rEknvant aco)un polw orr Eljers VoKe a tharitabk rxmpany INntsJ by guwanteÈ aTrJ is Incp WJ Er#Jland Wa& rwslereo office reSS ts 181 Mrther Road, London, NWIO 5rN. 11le¢S ¢onsler Ihat therB are makrfal unc8rtainties atout tharrtat4e comparfs abilty 10 the Incon rrt ii Ihat Ihe ill tè receNod 8rvJ that the amfjt can be Interest on funds hehl on (it wthers rec8vabk and the amount can tr m8aswed rEfkqbty tythe charity.. Ihi% is notmaity Lpon rKrtificth ol Ihe iTrter8St paDd orpdy)le bytt b8nk. UntE5tricttrl fund8 gr¢ 4vwL9b trj swid on a¢bvits8s that fijrther any of the oSe$ of charity. Lsignat turKI$ unrestrided •Jnds ol the dwity whKh Ihe Injslees have d¥d at tsir trj set aside to use fDr a 5pecthc putP05e. RestrKA8d fvnds are do[bal> the donor has to LE SL uJ Fndth is onc8 there is a k931 orc0rn51rLthE dAvJalMy) kn m8ke a payTnent to a lh1 paty, is prc&&>k Ihat setlknent ill Ix rtquirecl arnl the amryjnt of th& otl3abon wi t mea&url r8lBbty. EyrKtittue is classrfèd under Ihe foll¢7g acvty head.. • Cosls of generatir¥J funds to Ihe rthts irUrd by Ihe dn1th ccfflpafry iTrJuEiny third to fflake volunlary coTrtrknjIrfy to rt as wel as ts i¥tsÈ0f abe5 wdh a furwjrabtyy purrKw. PWP05es of ts charity aThl IhÈir&8wialed SUPF¢)rt costs. • ewetKlthre eSents Ihw rK¢t fauro inlo any 0th8r h8adw¥J. Support costs are those fvncbons Ihat a55iSt wort of the ¢baity bLbt th not d¥8cty uTrJert8ke tharita) acts"W Sukwrt indude b• Offi tts. ffinanc8. paytol go%manL whh SLWKt Ihe th8Fitab acties. These ha bB8n alccknj tet¥fftn ol geTty fvrth and 15
Eld•r• VoJ¢• F•rth• y•ar •nd•d 31 Mh 21 Depr8riation i8 pfovKl&J 81 r818s calrJJLgbJ to write Ihe cc6t of each as8et to its e8timaW whJual value over its 84)thJ usefvl Ik. Tha ¢W8cLqtksn In u88 89 follNs: FLYiu5 and Motrf vehK - atvary?rMJ rat85 on - at 40% reduc4rg balan Sbx in h8rKI 8re aLrxfjorw trfxjght hekl tr HoTht•son serts ami arè Valued at hMrofco¥t or t realisabl8 Wdlue. Trth and other debtors are re(#)gnwJ at the setumnt amount due 8fter ony dkncwrrt offeTeil. Piopaymnts are valued atth8 amount prepaid rtofanytrth (kso>Jn15du8. k) C•h at Cash at bank aTrJ G98h in hafKt ir$ cash and shtI$Mi highty luhJ In¥esbnents a St maturlty or thrte morth orla5sf¢¥xn the ¢J Ofwtsk%0n orwirwJ rlthe deposkorsrnKw xcount Cr10[5 and pro$$ are where the ha¥ a prgwtowtgalwjn 5[j a past that pTvbly wult in the transfer of fijnds to a third party aTrJ nount due kn Sett the (WaiM G L measuraj or 85bmated reliabty. ClitorS arx1 provisiw$ are rallY recc#3nwJ at their setllement nt afterallowing forany trad8 di5wJnts duE. m) P8nBh The chan18b expanY corttnl¥Jtes lilo Ihe penskn of ts emptO>*88. Th8 assots of stheTh arB hahl swrdtety from those of dLarilablÈ campary in an independ8nly administe lund. Tr pensK)n ¢ttsts Chge reprEsents conknbuborts p8y8bk urbjer th8 Scho by the chai>lth company to Ihe fvrKI. Tha chwitth has no li&¥fty Ihe oiherihan forts payThent ofthose c0nknbiirts. 16
Eldorn Vol¢• Forth• •nd•d 31 IAarGh 2022 Totsl Funcss Funds Donation5 & Gift 19,689 19.fj89 Ch8ritabk actiths.. Dklw •J8 SO and o¥Er 4.J5 lo3.3 591764 1,300 14, Fnd[aLl SwrtwvJ age and 0r 458.491 107225 5&5.716 25.827 13.8261 22.11 13.8281 22.LK11 between fund8 28.004 131.8a)) 53.831 22,001 Total fund5 broughlf(Mward 145. 99.73 40.749 186,655 Total Funds 13.342 915 915 19,689 17
Totsl FunLIs Fbatiryj Supportand HaThtypwson $k L B Brent. Pduft SrxHI Ca LB Bren NCL Wnbley N8¥onal StAdkni Trust Brentvoluntsry Seclor IrrfTa5tsuoJEB Fund5 15x1 398.630 59.721 4.824 3.7G• The UW FnllyTnk8t BJ LotteryAwards Forfvl Cty Br* Tnjst 875 561.750 Hal Service provis 8nd material Wdlbeing Centr&- PriRt8 CliBrts 7.071 6,165 125 18.653 32,014 Ei4 T¢ T(tsi Bk intarest 16 16 18
Forlh• •nd•d JI Umr¢h 21 Ppt¢0 2021 Trt Luts ISBB OLX8 8) 417 141 4W.116 141•7 1.078 16 2.314 nTnity tyJ5ts Equtalld MateTrl& 3.812 7h14 5,353 9.677 4924 21.419 Rt 9.IGB 403 4,104 2.124 3Z 3.876 Annual 13 Bènk 44B 592.752 C¥1hetehe, £S)2,533 WA8 (2021. £4852271 aTrJ£24.474V$JwI2Il.. £107,225). 19
Ekl•rnVok• eo)) flewrtUre Ch8ntsUe upwrtiw older athl Suppylw¥l$ 2ry21 TLa 2ry20 fo rxJ (See NAe8) 27,036 490.118 558.gJ9 216>5 2.97S Clm#1¢ materi5 1.076 1.076 1.169 HosrmtrlOnd rAdws DemBnbag8rden DemÈnty"acafé Ttabl and SU¥ 16 16 2,314 2.314 3.0 25.g68 1.876 4.11S 3.812 3.812 43S3 4,924 21.419 4.924 21.419 6,320 1127 Ryr8nd Reni 9,168 9.18$ 9.598 5.081 403 4,104 1124 110 4.827 2,525 4.104 2,124 6.607 3.876 3,676 1400 13 2,4 AnnLHI repJt l)J8lityAwr8n BRnktharo8s 13 537 27.0 489.872 S¥Jr1Q>Ith 75.844 75.844 awIr221 27.03 565.716 20
Elders Voice Notes to the financial statements For the year ended 31 March 2022
7 Net income / (expenditure) for the year
8
This is stated after charging / (crediting):
| This is stated after charging / (crediting): Depreciation Independent examination fee |
2022 £ 5,356 2,500 |
2021 £ 9,166 2,400 |
|---|---|---|
Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel
| Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel |
||
|---|---|---|
| Staff costs were as follows: Salaries and wages Social security costs Other pension costs |
2022 £ 399,654 30,595 14,770 |
2021 £ 440,908 34,609 14,601 |
| 445,019 | 490,118 |
No employee earned over £60,000 during the year (2021: Nil).
The total employee benefits including pension contributions and employer's national insurance of the key management personnel were £52,718 (2021:£49,159).
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2021: £nil). In 2022, no trustees were reimbursed for expenses (2021:£nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).
Staff numbers
The average number of employees (head count based on number of staff employed) during the year was as follows:
| Administrative staff Direct charitable work |
2022 No. 2.5 12 |
2021 No. 2.5 13 |
|---|---|---|
| 14.5 | 15.5 |
9 Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
| Tangible fixed assets Cost At the start of the year Additions in year At the end of the year Depreciation At the start of the year Charge for the year At the end of the year Net book value At the end of the year At the start of the year |
Motor vehicles £ 36,117 22,698 - - Improvement to property |
£ 31,934 1,768 Fixtures and fittings and Office Equipment |
Total £ 90,749 1,768 |
|---|---|---|---|
| 36,117 22,698 |
33,702 | 92,517 | |
| 29,985 22,698 2,453 - |
29,621 2,903 |
82,304 5,356 |
|
| 32,438 22,698 |
32,524 | 87,660 | |
| 3,679 - |
1,178 | 4,857 | |
| 6,132 - |
2,313 | 8,445 |
10 Tangible fixed assets
All of the above assets are used for charitable purposes.
21
Elders Voice Notes to the financial statements For the year ended 31 March 2022
11 Stocks
| Consumables-Equipment and small tools 12 Debtors Trade debtors Prepayments 13 Creditors: amounts falling due within one year Trade creditors Taxation and social security Pension Liability Deferred income Accruals Other creditors Deferred income Balance at the beginning of the year Amount released to income in the year Amount deferred in the year Balance at the end of the year |
2022 £ 2,841 |
2021 £ 3,260 |
|---|---|---|
| 2,841 | 3,260 | |
| 2022 £ 8,194 6,378 |
2021 £ 4,734 3,660 |
|
| 14,572 | 8,394 | |
| 2022 £ 3,751 8,092 2,179 20,000 2,716 11,389 |
2021 £ 722 7,868 2,422 - 2,737 1,229 |
|
| 48,127 | 14,978 | |
| 2022 £ - - 20,000 |
2021 £ - - - |
|
| 20,000 | - |
Deferred income comprises grants received for the purpose of expenditure in a future period.
14(a) Analysis of net assets between funds-Current year
| 14(a) Analysis of net assets between funds-Current year | |||
|---|---|---|---|
| Tangible fixed assets Net current assets Net assets at the end of the year 14(b) Analysis of net assets between funds-Prior year Tangible fixed assets Net current assets Net assets at the end of the year |
General Unrestricted Funds £ 4,857 178,949 |
Restricted Funds £ - 21,175 |
Total funds £ 4,857 200,124 |
| 183,806 | 21,175 | 204,981 | |
| General Unrestricted Funds £ 8,445 191,292 |
Restricted Funds £ - 8,919 |
Total funds £ 8,445 200,211 |
|
| 199,737 | 8,919 | 208,656 |
22
Elders Voice Notes to the financial statements For the year ended 31 March 2022
15(a) Movements in funds-Current year
| Movements in funds-Current year | |||||
|---|---|---|---|---|---|
| Restricted funds: L B Brent- NCIL Brent Voluntary Sector Infrastructure Funds Track Academy The Utley Family Trust Total restricted funds |
£ 8,919 - - - At the start of the year |
£ - 14,071 3,756 18,903 Incoming resources & gains |
£ (1,252) (14,071) (185) (8,966) Outgoing resources & losses |
Transfers £ - - - - |
£ 7,667 - 3,571 9,937 At the end of the year |
| 8,919 | 36,730 | (24,474) | - | 21,175 |
Restricted Funds Carried Forward : Brent NCIL £ 7,667 – refurbishment grant; Track Academy £ 3,571 – Back to Movement project; The Utley Family Trust £ 9,937- Dementia Music project.
| Total unrestricted funds Total funds 15(b) Movements in funds-Prior year Restricted funds: L B Brent- CIL Wembley Stadium City Bridge Trust The Inman Foundation Garfield Weston Foundation Voluntary Sector Infrastructure Fund Big Lottery Awards For All Independence at Home grant Independence at Home grant 2019-20 Total restricted funds Total unrestricted funds Total funds |
199,737 | 486,602 | (502,533) | - | 183,806 |
|---|---|---|---|---|---|
| 208,656 | 523,331 | (527,007) | - | 204,981 | |
| £ - 3,507 28,020 3,200 4,085 (204) 2,154 (16) 3 At the start of the year |
£ 30,000 6,250 53,450 - - 4,824 8,875 - - Incoming resources & gains |
£ (21,081) (9,757) (53,450) (3,200) (4,085) (4,620) (11,029) - (3) Outgoing resources & losses |
Transfers £ - - (28,020) - - - - 16 - |
£ 8,919 - - - - - - - - At the end of the year |
|
| 40,749 | 103,399 | (107,225) | (28,004) | 8,919 | |
| 145,906 | 511,354 | (485,527) | 28,004 | 199,737 | |
| 186,655 | 614,753 | (592,752) | - | 208,656 |
16 Legal status of the charity
The charity is a company limited by guarantee and has no share capital.
17 Related party transactions
There are no related party transactions to disclose for the year (2021: none).
23