# ## # ## ## |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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||0
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MO|| ## ## ||||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|