2021-03-31-accounts - Age UK Oxfordshire

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CONTENTS
LEGAL AND ADMINISTRATIVE	INFORMATION
TRUSTEES REPORT FOR TIIE	YEAR ENDED 31MARCH 2021
INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES		17
CONSOLIDATED STATEMENT	OF FINANCIAL ACTIVITIES	21
CIIARITY STATEMENT OF FINANCIAL ACTIVITIES		22
CONSOLIDATED BALANCE SH	EET	23
CONSOLIDATED STATEMENT	Ol CASI I FLOWS
NOTES TO THE FINANCIAL STATEMENTS		25
INCOME AND EXPEND/TURE

Trustees
Mrs D Logan
Dr IWardle	(resigned 6 November 2020)
Mrs Ejackson	(resigned 28 May 2021)
Mrs K C Rogers
Dr SHerbertson
Prof A Ogilvie-Smith
Mr D P Ryan	(resigned 8june 2021)
Mr N CGreenhalf
Miss A Pavey
Ms TAjmal	(appointed 6 November 2020)
Ms jBuckingham	(appointed 6 November 2020)
Mr jjackson	(appointed 12February 2021)
Mr C Playford	(appointed 26 March 2021)
Secretary	Mr N Gowing
Charity number	1091529
Company number	4328143
Registered ofiice	9Napier Court
	Barton Lane
	Abingdon
	OX143YT
Auditors	Shaw Gibbs (Audit) Limited
	264 Banbury Road
	Oxford
	OX2 7DY
Bankers	Lloyds Bank
	Carfax branch
	1High St
	Oxford
	OX1 4AA

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			Group		Charity	Charity
			2021	2020	2021	2020
		Notes	E	E	E	E
Fixed assets
Tangible assets		1b12	57,694	70,792	46,479	58,997
Investments		ts	426,705	160,608	238,377	112,817
			484,399	231,400	284,856	171,814
Current Assets
Debtors		17	513,290	246,067	580,046	329,799
Cash at bank and in hand			996,488	1,019,160	641,162	594,873
			1,504,778	1,265,227	1,221,208	924,672
Creditors: amounts within one year	falling due	ta	(654,081)	(473,465)	(494,822)	(362,429)
Net current assets			855,697	791,762	726,386	562,243
Total assets less current liabilities			1,340,096	1,023,162	1,011,242	734,057
Creditors: amounts more than one year	falling due after	tv	(73,494)	(82,318)	(73,494)	(82,318)
Net assets			1,266,602	940,844	937,748	651,739
Income funds
Restricted funds			28,096	24,470	28,096	24,470
Unrestricted funds			1,238,506	916,374	909,652	627,269
Total Charity funds			1,266,602	940,844	937,748	651,739

Voluntary i	ncome —Charity
		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		E	E	E	E
Donations and gifts		109,102	0	109,102	130,683
Legacies receivable		111,500	0	111,500	85,473
Grants receivable for core activities		722,281	123,274	845,555	634,496
Forthe year 2021	ended 31March	942,884	123,274	1,066,158	850,652
Forthe year 2020	ended 31March	812,646	38,006		850652
Investment	income —consolidated
				2021	2020
				E	E
Income from	listed investments			7,104	1,483
interest receivable				1.190	7,314
				8,204	8,797

		2021	2020
Income	from listed investments	4,323	1,483
Interest	receivable	1,190	5,623
		5,513	7,106

		Staff	Depr't'n	Other		Total	Total
		Costs		Costs		2021	2020
		E		E		E	E
Raising funds
Costs ofgenerating income	voluntary	50,666				50,666	50,038
Costs ofgenerating	funds	212,112	0	0		212,112	441,506
Costs oftrading subsidiaries		397,707	2,293	83,351		483,351	481,573
investment management		0	0	935		935	1,016
		660,485	2,293	84,286		747,064	974,133
Charitable activities
Activities undertaken directly		2,278,685	19,064	1,115,906	3,413,655		3,220,347
Forthe Year ended 2021	31March	2,939170 I	21,357	1,200,192	4 ~	160719 ~
For the Year ended 2020	31March	2,515,236	22,370	1,656,874			4,194,480

				Staff	Depr't'n	Other	Total	Total
				Costs		Costs	2021	2020
				E		E	E	E
Raising funds
Costs ofgenerating income		voluntary		25.985	0	250	26,235	25,607
Costs ofgenerating		funds		200,510	0	11,602	212,112	441,367
Investment	management			0	0	608	608	576
				226,495	0	12,460	238,955	467,550
Charitable	activities
Activities	undertaken	directly		2,018,170	17,605	774,257	2,810,031	2,541,101
Other
Inter-company debt		provision					0	28,137
Forthe year ended 2021		31March		2,244,665	17,605	786,717	3,048,986
8 yh 7	d 831 M		h 2828	2,193,911	17,978	823,399		3,036,788

Net inc	oming	resources are stated	aRer charging:
			Croup		Charity
			2021	2020	2021	2020
			E	E	E	E
Depreciation			21,357	22,370	17,605	17,978
Auditor's	remuneration		17,920	17,500	12,500	11,400
Trustee/director		indemnity	650	600	650	600

				Group	Group	Charity	Charity
				2021	2020	2021	2020
				Number	Number	Number	Number
Direct charitable				130	143	113	125
Charitable	trading			0	0	0	0
Administration		and support		22	15	22	13
				152	158	135	138
				Group		Charity
				2021	2020	2021	2020
				E	E	E	E
Wages and	salaries			2,626,038	2,602,928	1,963,308	1,930,692
Social security costs				184,395	169,146	132,472	117,002
Pension contribution				99,932	94,524	58,660	54,728
Redundancy		pay		0	12,425	0	12,425
Recruitment,		retention	and training	33,311	54,769	31,317	41,474
Temporary	staff			0	0	0	0
				2,943,676	2,933,792	2,185,758	2,156,321

1 Tangible	Fixed Assets —Consoli	dated
		Leasehold property	Office and IT Equipment	Total
		6	6
Cost
At 1April 2020		79,709	136,081	215,790
Additions		0	8,259	8,259
Disposals		0	0	0
At31March	2021	79,709	144,340	224,050
Depreciation	and impairment
At 1April 2020		27,147	117,851	144,998
Depreciation	charged for the year	10,486	10,871	21,357
At31March	2021	37,633	128,722	166,356
Carrying amount
At31March	2021	42,076	15,618	57,694
At 31March	2020	52,562	18,230	70,792

2 Tangible	Fixed Assets —Charity
		Leasehold	Oflice and IT	Total
		property	Equipment
			E
Cost
At 1April 2020		75,598	113,289	188,887
Additions		0	5,088	5,088
Disposals		0	0	0
At 31March	2021	75,598	118,377	193,975
Depreciation	and impairment
At 1April 2020		25,606	104,284	129,890
Depreciation	charged for the year	9,972	7,633	17,605
Disposals		0	0	0
At31March	2021	35,578	111,918	147,496
Carrying amount
At31March	2021	40,020	6,458	46,479
At31March	2020	49,992	9,005	58,997

	Listed Investments	Shares in Subsidiaries		Total
	E	E		E
At 1April 2020	160,608		0	160,608
Additions	225,000		0	225,000
Change in value in the year	41,097			41,097
At31March 2021	426,705			426,705

	Listed Investments	Sharesin Subsidiaries		Total
	E	E		E
At 1April 2020	112,816		1	112,817
Additions	100,000		0	100,000
Change ln value in the year	25,561		0	25.561
At31March 2021	238,377			238,378

		2021	2020
		E	E
Age UK Oxfordshire	Trading Limited	25,000	25,000
Less: provision		(25,000)	(25,000)
Ethical Legal Service	Limited	1	1

Summary ofResults ofthe subsidiary	Summary ofResults ofthe subsidiary	2021	2020
		6	5
Turnover		2,800	1,415
Direct expenses		(1,315)	(963)
Gross profit		1,485	452
Administrative	expenses	0	0
Corporation tax		0	86
Net profit/(loss)		1,485	366
The aggregate	ofthe assets, liabilities and funds was:
Assets Liabilities Deficiency offunds		21,633 ~55,336 ~33,783	13,861 ~49,849 ~35,188

Summary ofResults ofthe subsidiary	Summary ofResults ofthe subsidiary	2021	2020
		6	6
Turnover		482,706	515,086
Direct expenses		(6,044)	(4,781)
Cross profit		476,662	510,305
Coronavirus JRSGrants		4,382	0
Administrative	expenses and interest payable	481,044 ~476.225	510,305 ~475828
Net Profit/ (Loss)		4,819	34,477
The aggregate	ofthe assets, liabilities and funds was:
Assets Liabilities		65,211 ~289,303	59,829 ~188,740
Deficiency offunds		(124,092)	(128,911)

ll activities have been consolidated on a line by line basis in e subsidiary is shown below:	the SOFA.Asummary	ofthe results of
Summary ofResults ofthe Subsidiary	2021	2020
Incoming resources Resources expended	785,619 ~vsz,ns	887,750 ~867.118
Net Movement in funds	33,445	20,640
The aggregate ofthe assets, liabilities and funds was:
Assets Liabilities	559,941 ~222.828	481,903 ~77.226
Surplus offunds	438,123	404,678

			Group		Charity
			2021	2020	2021	2020
Amounts	falling due within one
year:
Trade debtors			429,199	197,210	367,713	172,474
Amounts	owed by group undertakings		0	0	131,738	133,083
Taxes and	social security		0	0	0	0
Other debtors			13	7,140	0	0
Prepayments		and accrued income	84,078	35,620	80,595	24,242
			513,290	239,970	580,046	329,799
Deferred	Tax		0	6,097	0	0
			513,290	246,067	580,046	329,799

		Group		Charity
		2021	2020	2021	2020
		E	6	E	E
Taxation	and social security	89,966	69,109	36,722	32,877
Trade creditors		117,569	21,059	102389	18,496
Other creditors		62,358	34,372	364	3,796
Amount	owed to group company	0	0	8,474	9,254
Accruals	and deferred income	384,188	348,925	346,873	298,006
		654,081	473,465	494,822	362,429

			Group		Charity
			2021	2020	2021	2020
			E	E	E	E
Defined	benefit	pension	73,494	82.318	73,494	82,318

	Group		Charity
	2021	2020	2021	2020
	E	E	E	E
Within oneyear	66,928	87,595	35,792	46,080
Between two and five years	248,556	6,826	124,011	6,144
In over five years	0	0	0	0
	315,484	94,421	159,802	52,224

		Balance at			Balance at
		1April	Income	Expenses	31March
		2020			2021
		6			E
Unrestricted -	General
Charity		627,269	3,211,721	2,929,338	909,652
Action for Carers		404,678	785,620	752,175	438,123
Age UK Trading		(35,188)	2,800	1,315	(33,703)
Ethical Legal services 'Consolidation adjustment		(128,912) 48527	487,087 ~224825	482,268 ~124825	(124,093) 48,527
Total unrestricted		916,374	4,363,203	4,041,071	1,238,506
*Elimination oftransactions
between group	companies
Restricted
Arts Partnership Fairbairn)	(Esmee	3,000	76,654	61,920	17,734
St Michael All Saints		3,333	0	3,333	0
Pye Charitable	Settlement	3,125	0	3,125	0
Community Lottery Fund		15,012	46,620	51,270	10,362
Centre for Ageing Better		0	0	0	0
		24,470	123,274	119,648	28,096
Total		940,844	4,486,477	4,160,719	1,266,602

			Balance at			Balance at
			1April	Income	Expenses	31March
			2019			2020
			E			E
Unrestricted	-General
Charity			512,291	3,043,368	2,928,390	627,269
Action for Carers			384,038	887,750	867,110	404,678
Age UK Trading			(60,554)	1,416	1,050	(35,188)
Ethical Legal Consolidation	services adjustments		(161,938) 49,127	515,086 ~141,799	482,059 ~141,799	(128,912) 48,527
Total unrestricted			722,363	4,330,827	4,136,818	916.374
Restricted
Arts Partnership Fairbairn)		(Esmee		3,000	0	3,000
St Michael All	Saints		0	5,000	1,667	3,333
Pye Charitable	Settlement		3,125	0	0	3,125
Community Lottery Fund			0	30,006	14,994	15,012
Centre for Ageing		Better	53,430	0	53,430	0
			56,555	38,006	70,091	24,470
Total			778,918	4,368,833	4,206,910	940,844

				Balance at 1April 2020	Income	Expenses	Balance at 31March 2021
				E
Unrestricted		-	General
Charity				627,269	3,211,721	2,929,338	909,652
Restricted
Arts Partnership Fairbairn)			(Esmee	3,000	76,654	61,920	17,734
St Michael All		Saints		3,333	0	3,333	0
Pye Charitable			Settlement	3,125	0	3,125	0
Community	Lottery Fund			15,012	46,620	51,270	10,362
Centre for Ageing Better				0	0	0	0
				24,470	123,274	119,648	28,096
Total				651,739	3,334,995	3,048,986	937,748

				Balance at 1April 2019	Income	Expenses	Balance at 31March 2020
				E
Unrestricted		-	General
Charity				535,818	3,068,369	2,976,918	627,269
Restricted
Arts Partnership Fairbairn)			(Esmee		3,000		3,000
St Michael All		Saints		0	5,000	1,667	3,333
Pye Charitable			Settlement	3,125	0	0	3,125
Community	Lottery Fund			0	30,006	14,994	15,012
Centre for Ageing Better				53,430		53,430	0
				56,555	38,006	70,091	24,470
Total				592,373	3,106,375	3,047,009	651,739

		Unrestricted funds	Restricted funds	Total
		6	6
Fund balances at	31March 2021are
represented by:
Tangible fixed assets		57,694	0	57,694
Investments		426,704	0	426,704
Current assets		1,481,682	28,096	1,509,778
Creditors: amounts	falling due within one year	(654,081)	0	(654,081)
Creditors: amounts one year	falling due after more than	(73,494)		(73,494)
		1,238,505	28,096	1,266,601

			Unrestricted	Restricted
			funds	funds
			6	6	6
Fund balances at		31March 2021are
represented	by:
Tangible fixed	assets		46,479	0	46,479
Investments			238,376	0	238,376
Current assets			1,193,112	28,096	1,221,208
Creditors: amounts		falling due within one year	(494,822)	0	(494,822)
Creditors: amounts one year		falling due after more than	(73,494)		(73,494)
			909,652	28,096	937,748

			2021	2020
				6
Surplus for the year			325,758	161,923
Adjustments for;
Fair value (gains) and losses on investments			(41,097)	12,430
Depreciation and impairment oftangible		fixed assets	21,357	23,604
Movements in working capital:
(Increase)/decrease in debtors Increase/[decrease) in creditors Cash (absorbed by)/generated	from operations		(300,705) 205,273 210,587	94,482 ~1,322 291,117

				Group		Charity	Charity
				2021	2020	2021	2020
				E	E	6
Totallncome				4,445,379	4,368,833	3,309,434	3,106,375
Expenditure
Staffcosts				2,939,170	2,879,023	2,244,665	2,114,847
Other staff costs				602,249	639,643	328,447	364,107
Volunteer costs				1,395	2,334	1,274	1,721
Activity costs				40,009	165,819	40,009	165,819
Premises costs				110,411	115,762	83,144	83,043
Office running	costs			148,340	183,842	120,996	131,515
ITcosts				113,462	54,152	85,822	40,079
Marketing costs				47,223	54,569	28,289	46,060
Legal and professional		costs		108,050	55,640	80,273	34,736
Bank charges				876	1,230	203	168
Miscellaneous				12,023	14,065	6,010	2,203
Depreciation				21,357	23,369	17,605	17,978
Bad debts				16,154	5,032	12,249	6,375
Inter-company	debt provision			0	0	0	28,137
Total Expenditure				4,160,719	4,194,480	3,048,986	2,980,514
Unrealised gains/(losses) investment			on	41,097	(12,430)	25,561	(10,221)
Excess ofincome over expenditure				325,757	161,923	286,009	59,366