Company registration number: 04512958 Charity registration number: 1096511
Age UK Wakefield District (A Company Limited by Guarantee)
Consolidated Annual Report and Financial Statements
Year ended 31 March 2023
Age UK Wakefield District
Annual Report
Year ended 31 March 2023
Contents
| Page | |
|---|---|
| Trustees’ report | 1 |
| Independent auditors’ report | 9 |
| Consolidated Statement of Financial Activities | 12 |
| Statement of Financial Activities | 13 |
| Consolidated balance sheets | 14 |
| Consolidated cash flow statement | 15 |
| Notes to the financial statements | 16 |
Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023
The trustees (who are also directors of Age UK Wakefield District for the purposes 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). The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) in preparing the annual report and financial statements of the charity.
Reference and Administration Details
Official name of charity: Age UK Wakefield District Charity registration number: 1096511 Company registration number: 04512958 Directors and Trustees: W L Barker J A Beaumont P Box CBE L P Condron (Resigned 5 September 2022) R A Forster (Appointed 3 July 2023) M W Holt (Appointed 15 December 2022) A Wooffindin Wakefield MDC Nominee: Councillor M Collins Company Secretary: P Bee Chief Executive: P Bee Registered Office: 7 Bank Street Castleford West Yorkshire WF10 1JD Auditors: Hawsons Chartered Accountants Statutory Auditors Pegasus House 463a Glossop Road Sheffield S10 2QD Bankers: Lloyds Bank plc 17 Westgate Wakefield West Yorkshire WF1 1JZ
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Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Chair’s Statement
Yet again Age UK Wakefield District has taken on the challenge of providing support for our older population. We have done so with our usual determination to succeed in providing high quality services and activities to many of our oldest and most vulnerable citizens.
New service areas have given us the opportunity of expanding provision in ways which have ensured that fewer individuals have fallen through the provision net. As a result we have extended our activities in hospitals, linked into wider community provisions and developed new ways of working.
Following the Covid 19 restrictions it was clear from both the individuals we spoke to, as well as from all the available data, that many months of restrictions had taken a heavy toll on our older population. Many had lost their confidence and too few had returned to the levels of activity which they had previously regarded as normal. As many of the individuals presented with problems of a compound and complex nature, we expanded our mental health support to meet the needs of some of the most vulnerable.
Alongside this work, grant funders have continued to give us a vital opportunity to develop and test new approaches to the support we offer. For example new funds have allowed us to step into providing a new service in dementia support (MCST), strengthen our befriending models and develop our work with those who are digitally excluded.
By undertaking regular horizon scanning sessions with our colleagues in the Local Authority and the NHS throughout the past year, we have continued to ensure that our work relates to wider strategic partnerships, whilst staying true to our own strategic objectives. Keeping us well placed to help our older citizens in the best ways possible.
The board have a strong focus on strategic decision making both locally and nationally and will continue to do so. To that end we remain active in Age UK both regionally and nationally. We also have continued to take our responsibilities seriously and to support the organisation through our comprehensive governance structures. With the growth in our activity this has never been more important. Maintaining strong links with the senior management team through its sub committees, enabling us to keep well informed about the operation of the organisation.
It’s a privilege to chair an organisation which takes the quality of its service provision so seriously and to see the willingness of staff and volunteers to face the challenges ahead with such enthusiasm and determination.
We simply wouldn’t be able to do all that we do without them.
My huge thanks to everyone who participates in all that is Age UK Wakefield District.
Peter Box Chair of the Board of Trustees
2
Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
The Trustees present their annual report, together with the audited financial statements of the Age UK Wakefield District for the year 1 April 2022 to 31 March 2023. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Structure, Governance and Management
Governing Document
The charity is a company limited by guarantee, incorporated on 16 august 2022 and registered as a charity on 13 March 2003. On 3 August 2011 the charity changed its name from Age Concern Wakefield District. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. None of the trustees have any beneficial interest in the company, but they guarantee to contribute £1 in the event of a wining up. The Board of Management as a directors under company law and as trustees under charity law.
Recruitment and Appointment of Directors
As set out in the Articles of Association at every Annual General Meeting one third of the board members (to include the Chair) shall retire form office. The Board members to retire shall be those longest in office since their last election. New Board members and those standing for re-election are elected by Age UK Wakefield District members at the AGM. The number of members of the Board shall never be less than three.
Directors’ Induction and Training
A comprehensive Trustee information pack, commended by the Charities Commission, is available to prospective Trustees. All Trustees receive training though information bulletins, training, networking events and conference.
Membership
Membership of the Age UK Wakefield District is made up of the Board of Trustees only.
Organisation structure
The Chief Executive is delegated to manage the day-today activity of the organisation, developing service provision and activity to meet the objectives of the strategic plan. Senior managers and project leads supervise staff and volunteers in their roles within identified areas of service delivery. They meet monthly with the Chief Executive. Additional task groups are commissioned when appropriate. A structure of corporate groups maintains oversight of the charity’s activities: Policy Group (monthly), Workforce Group (quarterly), Incident and Risk Group (monthly), Finance Group (monthly) and Quality Group (quarterly). All groups include trustees, the Chief Executive and members of the senior team, reporting regularly on the organisation to the Board.
Related parties
The charity has two wholly owned subsidiaries, Age UK Wakefield Trading Limited and Age UK Wakefield District Enterprises Limited.
Age UK Wakefield Trading Limited is dormant.
Age UK Wakefield District Enterprises Limited operates a number of retail stores in the Wakefield area.
Age UK Wakefield District is an Age UK Brand Partner and as such is linked with the national charity and in a form of federated structure with other Brand partners across the United Kingdom. The relationship with others creates clear parameters relating to use of the Brand. Age UK Wakefield District is otherwise financially independent and entirely autonomous.
In the prior year, Casework CIC was set up in order to support Age UK Wakefield District and other local Age UK organisations with their administration. Age UK Wakefield District is one of five equal members of Casework CIC.
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Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Objectives and activities
The memorandum and Articles of Association states the organisation’s objects as “to promote the welfare of elderly people in any manner to be charitable in and around the Metropolitan District of Wakefield”. The agreed mission statement sets out the aims.
Age UK Wakefield District promotes the well-being of all older people and aims to help make later life a fulfilling and enjoyable experience. We aim to influence the way people think about ageing and acknowledge the valuable contributions older people make to society.
As a Brand Partner we aspire to work in local partnerships to deliver services appropriate to community needs. The manner in which we work to deliver services, engage with older people interact with agencies is measured against core values.
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Enabling: we will support and enable older people to live independently and exercise choice.
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Influential: we draw strength from the voices of older people and ensure that those voices are heard.
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Dynamic: we are innovative and driven by results and constantly deliver for older people.
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Caring: we are passionate about what we do and care about each individual.
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Expert: we are authoritative, trusted and quality orientated.
Basic principles underpin all the work we seek to achieve.
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Ageism is unacceptable
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All people have the right to make decisions about their lives
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People less able to help themselves should be offered support
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Diversity is valued in all that we do
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It is only through working together that we can use our local presence to the greatest effect
Achievements and Performance
Learning from the experience of COVID restrictions Age UK Wakefield District has embedded new working methods including remote working and maintaining continuity of service for the older people we support. This year has seen new systems becoming part of our established practice from SPOC to triage to blended working embedding wellbeing into our work through Wraparound, Step Out and Befriending and Time for Tea. Endless flexibility and adaptability of our staff and volunteers has been the key to success.
Over the past twelve months Age UKWD has continued to provide support services and activities into the district of Wakefield. Overall the demand for our services has increased and the year saw us reorganising our key activities into distinct service areas: Supported Hospital Discharge, Integrated Care (community), Community Programmes and Home Support. All service areas were supported by our core provision of infrastructure support and Volunteering. Our retail provision providing an invaluable high street presence as well as funds supporting our charitable activities.
Learning from the experience of COVID restrictions Age UK Wakefield District has embedded new working methods including remote working and maintaining continuity of service for the older people we support. This year has seen new systems becoming part of our established practice from SPOC to triage to blended working embedding wellbeing into our work through Wraparound, Step Out and Befriending and Time for Tea. Endless flexibility and adaptability of our staff and volunteers has been the key to success.
We continue to use our single assessment tool Leaf-7 throughout the organisation. This enables us to view quality of life outcomes in both service specific fields as well as globally. The table below demonstrates with a sample size of 1,000 the significant changes we are able to effect through our interventions, across the organisation. (see below- 1[st] = initial, 2[nd] =exit).
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Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Achievements and Performance (continued)
With increased access to data we can also see that we are currently reaching more individuals year on year. Receiving 7,733 unique referrals from external agencies the organisation reaches one in six individuals over the age of 85, 1 in 25 of the over 50s and 7% of all those over the age of 65, delivering more than 85,000 contacts overall.
Services and activities are being delivered consistently into all wards across the District, with the majority of our work focussed in areas of deprivation. We needed to step up our Single Point of Contact as calls into the organisation increased by 5% on 2021, taking an average of 1,207 per month, reflecting the overall increase in demand and expansion into new areas of work, such as mental health provision and community.
Integrated Care Overall supporting almost 30,500 contacts overall and 6.592 service referrals
Information services
Age UK Wakefield District provides information and advice to older people, carers, friends, family and other health and social care professionals on a range of often complex issues, covering such diverse areas as, access to health services, care, finance, debt, welfare benefits, family concerns and housing. Where appropriate the department effectively signposts clients to other organisations and in turn receives referrals from other agencies and professionals. Through these services older people are supported during difficult periods of their lives.
With expertise that has been accumulated over many years, we were able to step into a gap in DWP provision that ensured, once again, that individuals were able to access £3.8 million in benefit support.
Advocacy
Advocacy continues to be in high demand as the organisation sees a client base of referrals with increasingly complex needs, the pandemic has exacerbated this and the high level of need and quality of service that has been offered is reflected in the hours of work and referrals that have been achieved.
Connecting Care
Connecting Care continues to sit at the heart of our work in the charity. Working in new ways across the community, we are able to link directly with other health and social care providers, enabling the needs of older people to be met in a holistic and timely manner. Acting as a conduit for access to our wider service offers, the service model brings great strength to the district and our organisation
Mental Health Services
We have been fortunate to have secured funding from local funders as well as the national charity to develop the Wraparound initiative that began during the pandemic and MCST, support for individuals and their Carers, with mild dementia.
5
Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Prosper
Over the past couple of years, working with Bradford Teaching Hospitals NHS Foundation Trust we have had a unique opportunity to explore the benefits of working with older individuals before the onset of a crisis. We are very much hoping that this will enable us to create new ways of working in the future.
Community Programmes
Time for Tea - 73 events across 7 venues - average attendance of 324 per month, 7,500 Befriending contacts
Two significant funding streams have continued to allow us to develop new ways of working within the community. Reaching Communities funding (BLF Community Foundation) enable us to develop a considerable response with our Time for Tea' programme. With support from the funders, we were able to flex the original model, designed to work with hard-to-reach older individuals within community settings, to a wellbeing model that saw volunteers and staff working closely together with the new and emerging isolated older population.
We were also able to maintain investment in growth in our volunteering and befriending programme as a result of funding from the Henry Smith Charity. Since the challenges of the pandemic the requirements for the service have continued to grow , and along with the need for providing essential functional support the funder ensured that once again we were able to step up boldly.
In addition to the programmes outlined above we have been able to develop our work with digital inclusion, supporting face to face work with individuals as well as developing work with strategic partners. Throughout all community programmes working with VCSE partners is vitally important. This work comes together in our support of the Healthy Ageing Partnership and Silver Sunday, both successful initiatives that underpin our community programmes.
Supported Hospital Discharge
14,296 contacts
Over the past five years we have consistently supported individuals over the age of fifty on discharge from hospital, ensuring that those who are referred into the service are safely resettled home and offered further wraparound support to prevent hospital readmission.
During this year we have begun to expand our provision into the Integrated Transfer of Care hub, which is enabling us through partner working to create direct links through the Connecting Communities Programme into community provision supported by local VCSE partners.
Volunteer Support
Our volunteers provide the essential backbone to all that we do, reminding us that generosity sits at the heart of our charitable work. Volunteers make up 61% of our work force by personnel Each volunteer contributes an average of 1.7 hours per week. This is 391 hours per week in total SROI value @£12 per hour makes £243,984 per year There are more than 250 current volunteers within 11 roles, enabling us to support much of our work with the most isolated and lonely individuals in our communities. We would be lost without them.
Partnership Working
Age UK Wakefield District values the opportunities for partnership working with other Third Sector Organisations locally and nationally as well as with the statutory bodies in the District and where possible the private sector. It has also valued its place within the Age England Association.
As a member of Nova, we recognise the importance of our wider VCSE partnerships and we have also worked with the West Yorkshire Health and Care Partnership.
6
Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Age UK Brand Partner Collaborations
Over the past year the network of Age UK Brand Partners, (around 120 independent, autonomous local charities) have shared in far reaching discussions focussed on the sustainable delivery of services and activities for older people. Recognising that there is much that could be achieved by collaborative approaches Age UK Wakefield District has participated fully in the national discussions whilst also seeking to find more local ways of optimising partnerships. As such we have worked closely with Partners in Yorkshire and Humber to explore this, ultimately developing proposals around infrastructure support that we hope will give grounds for optimism around longterm sustainability. The new regional collaborative 'Casework' has been launched in 2021 - 2022, delivering a significant change to the way that Age UK Wakefield District is able to manage its financial infrastructure.
Fundraising and other activities
We continue to fundraise locally, involvement in local walking groups and schools playing a significant part in our fundraising efforts, as well as involvement in the annual Innocent Smoothies campaign, local raffles and other individuals’ endeavours.
With social gathering restrictions lifted, we have enjoyed being back with our communities and making new connections whilst building on existing relationships. We attended Wakefield Pride in August, meeting many people who had not considered Age UK Wakefield District a place to seek support, also sponsoring the Wakefield Trinity Disability team which had led to new partnerships and marketing opportunities. We continued to support the walking football groups established with funding from Sport England
Digital and Social Media
Recognising the changing communications environment, we have allocated focussed resource on the maintenance of our website, X, and Facebook feeds. Additionally, we have ensured adequate resources to enable good data recording and reporting. The communications team played a new and vital role in the last year as we became increasingly dependent on IT for connectivity. Similarly, the digital team were able to provide weekly operational statistics to the senior team that allowed us to make key strategic decisions.
Plans for Future Periods
It is the intention of the Board of Trustees, staff and volunteer teams to undertake a considerable development programme. This will see us realigning our existing work to deliver a Centre for positive Ageing. Three delivery ‘hubs will see us continuing to provide: Person Centred Support, ensuring that the most vulnerable in our communities are supported to live with improved quality of life; Wellbeing services, focussing on preventative work in communities as well as employment support and coaching models to enable individuals to transition into meaningful later years that may require them to work; Infrastructure support,- strengthening and enabling partner organisations to step confidently into ways of supporting older people in our communities.
Financial Review
The charity, together with its trading activities, has generated a surplus of £82,992 (2022: £5,011) on total income of £2,907,283 (2022: £2,270,793).
Investment Policy
Note 15 sets out an analysis of the assets attributable to the various funds. These assets are sufficient to meet the charity’s obligations on a fund-by-fund basis.
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six-months' expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in income, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised.
Designated funds may be identified from time to time to allow for planned developments.
7
Age UK Wakefield District
Report of the Trustees for the year ended 31 March 2023 (continued)
Trustees’ responsibilities statement
The Trustees (who are also directors of Age UK Wakefield District for the purposes of company law) are responsible for preparing the Trustees’ 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 Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the Group and of the incoming resources and application of resources, including the income and expenditure, of the charitable Group for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP;
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Make judgments and accounting estimates that are reasonable and prudent;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable Group will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the Group’s transactions and disclose with reasonable accuracy at any time the financial position of the charitable Group 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 the Group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
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Each of the persons who are Trustees at the time when this Trustees’ report is approved has confirmed that:
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So far as that Trustee is aware, there is no relevant audit information of which the charitable Group’s auditors are unaware, and
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That Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charitable Group’s auditors are aware of that information.
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006 and the requirement to produce a strategic report.
This report was approved by the Trustees on 6[th] November 2023 and signed on their behalf by:
P Box CBE Chair of the Board of Trustees
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Age UK Wakefield District
Independent Auditors’ Report to the Members of Age UK Wakefield District
Opinion
We have audited the financial statements of Age UK Wakefield District (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2023 which comprise the Consolidated Statement of Financial Activities, the Statement of Financial Activities, Consolidated and Company Balance Sheet, the Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the group’s and the parent charitable company’s affairs as at 31 March 2023, and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance 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 law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements or a material misstatement in the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
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Age UK Wakefield District
Independent Auditors’ Report to the Members of Age UK Wakefield District (continued)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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the trustees’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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the information given in the trustees’ report is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records; or
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we have not received all the information and explanations we require for our audit.
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the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Directors' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement (set out on page 8), the trustees (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 determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees 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 trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Auditor’s responsibilities for the audit of the financial statements
We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.
Our objectives are to obtain reasonable assurance about whether the financial statements as a 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 detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
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Age UK Wakefield District
Independent Auditors’ Report to the Members of Age UK Wakefield District (continued)
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The charitable company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charitable company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006, Health and Safety regulations and the Charities Act 2011. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company’s result for the period, and management bias in key accounting estimates.
Audit procedures performed by the engagement team included:
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Discussions with management and those responsible for legal compliance procedures within the charitable company to obtain an understanding of the legal and regulatory framework applicable to the charitable company and how the charitable company complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
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Reviewing minutes of Trustee meetings;
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Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;
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Challenging assumptions and judgements made by management in their significant accounting estimates.
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Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.
There are inherent limitations in the audit procedures described above and the more removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditors/audit-assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-theauditor’s-responsibilities-for. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
Hawsons
…………………………………..
Simon Bladen, Senior Statutory Auditor For and on behalf of Hawsons Chartered Accountants, Statutory Auditors
Pegasus House 463a Glossop Road Sheffield S10 2QD
7 December
Date: ………………………………….2023
11
Age UK Wakefield District - Charity
Consolidated Statement of Financial Activities
Year Ended 31 March 2023
| Notes Incoming resources Donations and legacies 2 Charitable activities 3 Other trading activities 4 Total incoming resources Resources expended Costs of charitable trading 5 Charitable activities 5 Total resources expended Net incoming resources before transfers Transfers between funds Net movement in funds Funds brought forward Funds carried forward |
Unrestricted Funds £ 14,566 2,239,168 149,775 2,403,509 138,456 2,261,826 2,400,282 3,227 - 3,227 512,641 515,868 |
Restricted Funds £ - 503,774 - 503,774 - 424,009 424,009 79,765 - 79,765 84,159 163,924 |
2023 Total £ 14,566 2,742,942 149,775 2,907,283 138,456 2,685,835 2,824,291 82,992 - 82,992 596,800 679,792 |
2022 Total £ 26,512 2,114,923 129,358 |
|---|---|---|---|---|
| 2,270,793 | ||||
| 123,683 2,142,099 |
||||
| 2,265,782 | ||||
| 5,011 - |
||||
| 5,011 591,789 |
||||
| 596,800 |
12
Age UK Wakefield District
Statement of Financial Activities
Year Ended 31 March 2023
| Notes Incoming resources Donations and legacies 2 Charitable activities 3 Total incoming resources Resources expended Charitable activities 5 Total resources expended Net (outgoing)/ incoming resources before transfers Transfers between funds Net movement in funds Funds brought forward Funds carried forward |
Unrestricted Funds £ 25,826 2,239,168 2,264,994 2,261,826 2,261,826 3,168 - 3,168 500,714 503,882 |
Restricted Funds £ - 503,774 503,774 424,009 424,009 79,765 - 79,765 84,159 163,924 |
2023 Total £ 25,826 2,742,942 2,768,768 2,685,835 2,685,835 82,933 - 82,933 584,873 667,806 |
2022 Total £ 21,031 2,114,923 |
|---|---|---|---|---|
| 2,135,954 | ||||
| 2,142,099 | ||||
| 2,142,099 | ||||
| (6,145) - |
||||
| (6,145) 591,018 |
||||
| 584,873 |
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Age UK Wakefield District Company Registration Number 04512958
Balance Sheets
31 March 2023
| Notes Fixed assets Tangible assets 8 Investments 9 Current assets Debtors 10 Cash at bank and in hand Creditors– amounts falling due within one year 11 Net current assets Total assets less current liabilities Creditors– amounts falling due after one year Net assets Charity funds Restricted funds 13 Designated funds 14 Unrestricted funds 14 Total charity funds |
31 March 2023 Group Charity £ £ 172,275 172,275 - 1 172,275 172,276 372,998 376,725 426,633 403,789 799,631 780,514 (292,114) (284,984) 507,517 495,530 679,792 667,806 - - 679,792 667,806 163,924 163,924 148,955 148,955 366,913 354,927 679,792 667,806 |
31 March 2022 Group Charity £ £ 195,086 195,086 - 1 195,086 195,087 153,264 155,601 548,532 526,821 701,796 682,422 (290,326) (282,880) 411,470 399,542 605,536 594,629 (9,756) (9,756) 596,800 584,873 84,159 84,159 158,295 158,295 354,346 342,419 596,800 584,873 |
31 March 2022 Group Charity £ £ 195,086 195,086 - 1 195,086 195,087 153,264 155,601 548,532 526,821 701,796 682,422 (290,326) (282,880) 411,470 399,542 605,536 594,629 (9,756) (9,756) 596,800 584,873 84,159 84,159 158,295 158,295 354,346 342,419 596,800 584,873 |
|---|---|---|---|
| 195,087 | |||
| 155,601 526,821 |
|||
| 682,422 (282,880) |
|||
| 399,542 | |||
| 594,629 (9,756) |
|||
| 584,873 | |||
| 84,159 158,295 342,419 |
|||
| 584,873 |
The financial statements were approved and authorised for issue by the Trustees on 6[th] November 2023 and signed on their behalf by:
P Box CBE Chair of the Board of Trustees
14
Age UK Wakefield District
Consolidated Statement of Cashflows
Year Ended 31 March 2023
| Notes Cash flow from operating activities 18 Cash flow from investing activities Payments to acquire tangible fixed assets Proceeds from the sale of tangible fixed assets Net cash flow from investing activities Cash flow from financing activities Payment of obligations under finance leases Net cash flow from financing activities Net increase in cash and cash equivalents Cash and cash equivalents at 1 April Cash and cash equivalents at 31 March Cash and cash equivalents consist of: Cash at bank and in hand 19 Cash and cash equivalents at 31 March |
2023 £ (93,813) (9,702) 4,591 (5,111) (22,975) (22,975) (121,899) 548,532 426,633 426,633 426,633 |
2022 £ 181,099 (4,779) |
|---|---|---|
| (4,779) (14,136) |
||
| (14,136) 162,184 386,348 |
||
| 548,532 | ||
| 548,532 | ||
| 548,532 |
15
Age UK Wakefield District
Notes on Accounts
Year Ended 31 March 2023
1. Accounting policies
The following accounting policies have been used consistently in dealing with items which are considered material to the company’s affairs.
Statutory information
Age UK Wakefield District is a charitable company registered in England and Wales. The registered office is 7 Bank Street, Castleford, West Yorkshire, WF10 1JD.
Basis of preparation
The charity constitutes a public benefit entity 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 Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. there has been no material departure from these standards.
The functional and presentational currency of the charity is GBP.
Going concern
At the date of signing these financial statements, the Trustees have reviewed the current financial position and future projections and believe this indicates that the group will be able to continue to operate for a period of at least 12 months beyond the signing date.
Basis of consolidation
The financial statements consolidate the accounts of Age UK Wakefield District and its subsidiary undertaking ('subsidiaries').
Exemptions for qualifying entities
The charitable company has taken advantage of the exemption from preparing a statement of cashflows on the basis that it is a qualifying entity and the group cashflow statement included within these financial statements include the charitable company’s cashflows.
16
Age UK Wakefield District
Notes on Accounts
Year Ended 31 March 2023
1. Accounting policies (continued)
Income
Income from donations and grants, including capital grants, are included within incoming resources as and when received except for the following:
When donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions are met.
When donors specify that donations and grants, including capital grants, are for particular restricted purposes which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
Voluntary income represents amounts received and recorded at offices and projects during the year. No costs of fundraising have been netted against voluntary income. Fundraising expenditure represents the direct cost of fundraising. Publicity costs directly related to fundraising and general publicity are included within those costs.
Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred, inclusive of VAT which cannot be recovered.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for beneficiaries and the cost of generating funds is associated with the costs of trading income.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity.
All costs are allocated between the expenditure categories on the SOFA on a basis designated to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis in line with funding agreements.
Taxation
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Investments
Investments in subsidiaries are valued at cost less provision for impairment.
Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
17
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
1. Accounting policies (continued)
Tangible fixed assets and depreciation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of the fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Activities.
Tangible fixed assets are initially recognised at cost, net of depreciation and any provision for impairment.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
Unrestricted plant, machinery and equipment - 15% straight line Restricted plant, machinery and equipment - 33% straight line Restricted motor vehicles - 20% straight line Leasehold land and buildings - over the life of the lease
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Operating leases
Rentals payable under operating leases are charged against income on a straight-line basis over the period of the lease.
Pensions
The pension costs charged in the accounts represent the contributions payable by the charity during the year into a defined contribution externally funded pension scheme.
Fund accounting
Restricted funds are those received from donors which are subject to restrictions on the purposes for which they may be used. Unrestricted funds are those where there are no ·externally imposed restrictions and include funds freely available to the charity for expenditure or appropriation to reserves for internally designated purposes.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
18
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
1. Accounting policies (continued)
Critical accounting estimates and areas of judgment
There are no significant estimates or judgements made in the process of applying the charitable company’s accounting policies.
2. Income from donations and legacies
| Donations Legacies Fundraising Coronavirus job retention scheme Other Coronavirus business grants Total 3. Income from charitable activities Grants receivable and related income Other charitable income Total 4. Other trading activities Retail income Total |
Group 2023 £ 9,148 - 5,418 - - 14,566 Group 2023 £ 1,325,789 1,417,153 2,742,942 Group 2023 £ 149,775 149,775 |
Charity 2023 £ 20,408 - 5,418 - - 25,826 Charity 2023 £ 1,325,789 1,417,153 2,742,942 Charity 2023 £ - - |
Group 2022 £ 7,533 - 4,886 8,759 5,334 26,512 Group 2022 £ 1,446,852 668,071 2,114,923 Group 2022 £ 129,358 129,358 |
Charity 2022 £ 7,386 - 4,886 8,759 - |
|---|---|---|---|---|
| 21,031 | ||||
| Charity 2022 £ 1,446,852 668,071 |
||||
| 2,114,923 | ||||
| Charity 2022 £ - |
||||
| - |
19
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
5. Expenditure
| Charitable expenditure Charitable activities Support costs Governance costs Total Charity expenditure Cost of generating funds Costs of charitable trading Total Group expenditure Charitable expenditure Charitable activities Support costs Governance costs Total Charity expenditure Cost of generating funds Costs of charitable trading Total Group expenditure |
Staff costs 2023 £ 1,588,719 381,421 - 1,970,140 81,029 2,051,169 Staff costs 2022 £ 1,392,299 275,044 - 1,667,343 66,897 1,734,240 |
Depreciation 2023 £ - 31,911 - 31,911 - 31,911 Depreciation 2022 £ - 31,422 - 31,422 - 31,422 |
Other costs 2023 £ 635,550 - 48,234 683,784 57,427 741,211 Other costs 2022 £ 246,536 177,156 19,642 443,334 56,786 500,120 |
Total 2023 £ 2,224,269 413,332 48,234 |
|---|---|---|---|---|
| 2,685,835 138,456 |
||||
| 2,824,291 | ||||
| Total 2022 £ 1,638,835 483,622 19,642 |
||||
| 2,142,099 123,638 |
||||
| 2,265,782 |
20
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
6. Net income for the year
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation | 31,911 | 31,422 |
| Fees payable to the Charity’s auditors in respect of: | ||
| The audit of the Charity’s annual accounts | 8,000 | 5,227 |
| The audit of the Subsidiary’s annual accounts | 4,100 | 4,509 |
| All taxation advisory services | 600 | - |
| All non-audit services not included above | 2,800 | - |
7. Staff costs
The average number of persons employed by the Group during the year was as follows:
| Average number of employees | Group 2023 115 |
Charity 2023 110 |
Group Charity 2022 2022 106 102 |
|---|---|---|---|
The number of employees whose employee benefits (excluding employers pension costs) exceeded £60,000 was:
| was: | |||
|---|---|---|---|
| Group | Group | ||
| 2023 | 2022 | ||
| No. | No. | ||
| In the band £70,001 | - £80,000 | 1 | 1 |
The Trustees neither received nor waived any remuneration during the year (2022: £nil). No Trustees are accruing pension arrangements (2022: £nil). No Trustees were reimbursed expenses in either year.
The total amount of employee benefits received by key management personnel is £156,783 (2022: £74,894). Age UK Wakefield District considers its key management personnel to comprise the following four (2022: one) members of staff:
Chief Executive Director of NHS Services Director of Community Services Director of Operations, Information Services
The total staff cost and employees’ benefits were as follows:
| Wages and salaries Social security costs Pension costs |
Group 2023 £ 1,853,616 138,697 58,856 2,051,169 |
Charity 2023 £ 1,787,777 127,756 54,607 1,970,140 |
Group 2022 £ 1,584,767 100,694 48,779 1,734,240 |
Charity 2022 £ 1,523,485 96,732 47,126 |
|---|---|---|---|---|
| 1,667,343 |
21
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
8. Tangible fixed assets
Group and Charity
| Cost or valuation At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for the year Eliminated on disposal At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Leasehold Land and buildings £ 165,000 - - 165,000 20,253 2,895 - 23,148 141,852 144,747 |
Plant and Machinery £ 167,419 9,702 (33,249) 143,872 117,080 29,016 (32,647) 113,449 30,423 50,339 |
Total £ 332,419 9,702 (33,249) |
|---|---|---|---|
| 308,872 | |||
| 137,333 31,911 (32,647) |
|||
| 136,597 | |||
| 172,275 | |||
| 195,086 |
22
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
9. Fixed asset investments
Charity
Cost or valuation
At 1 April 2022 and 31 March 2023
Investment in subsidiary companies £ 1
| Subsidiary | ||||
|---|---|---|---|---|
| Name | Company | Registered | Class of | Holding |
| number | office | share | ||
| Age UK Wakefield District | 08428526 | 7 Bank Street, | Ordinary | 100% |
| Enterprises Limited | Castleford, West | |||
| Yorkshire, WF10 | ||||
| 1JD | ||||
| Age UK Wakefield Trading | 03037942 | 7 Bank Street, | Ordinary | 100% |
| Limited | Castleford, West | |||
| Yorkshire, WF10 | ||||
| 1JD |
The financial results of the subsidiaries for the year were:
| Age UK Wakefield District Enterprises Limited Age UK Wakefield Trading Limited 10. Debtors Trade debtors Amounts owed by group undertakings Other debtors Prepayments and accrued income |
Income £ 149,775 - Group 2023 £ 335,225 - 15,000 22,773 372,998 |
Expenditure £ (138,456) - Charity 2023 £ 335,118 6,204 15,000 20,403 376,725 |
Profit for the year £ 11,319 - Group 2022 £ 57,616 - 17,053 78,595 153,264 |
Net assets £ 11,957 - Charity 2022 £ 57,616 6,203 15,000 76,782 |
|---|---|---|---|---|
| 155,601 |
23
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
11. Creditors
| Trade creditors Amounts owed by group undertakings Other taxation and social security Other creditors Accruals and deferred income Obligations under finance lease |
Group 2023 £ 16,471 - 22,681 13,621 238,424 917 292,114 |
Charity 2023 £ 15,811 - 21,778 13,296 233,182 917 284,984 |
Group 2022 £ 23,873 - 32,042 11,645 208,630 14,136 290,326 |
Charity 2022 £ 23,126 - 30,802 11,645 203,171 14,136 |
|---|---|---|---|---|
| 282,880 |
12. Deferred income
| Deferred income at 1 April 2022 Resources deferred during the year Amounts released from previous years Deferred income at 31 March 2023 |
Group and charity £ 179,739 (179,739) 72,500 |
|---|---|
| 72,500 |
Deferred income represents income deferred for contract funding received in advance.
24
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
| 13. Restricted funds 2023 Digital Champion Vaccine Support Armed Forces Covenant Henry Smith Charity Henry Smith Charity 2 Prosper Social Contact Time for Tea Time for Tea 2 Walking Football Volunteers MCST/MHA MCST AUK Elderly persons Isolation Fund Connecting Communities Digital District Cost of Living Response Fund Total restricted funds |
Balance at 31 March 2022 £ - 1,811 17,567 3,845 - 16,971 - 35,092 - 2,200 5,545 - - 1,128 - - - 84,159 |
Incoming resources £ 35,999 11,550 27,001 40,633 35,550 56,097 83,135 50,819 23,657 2,957 - 48,341 22,473 - 42,500 13,062 10,000 503,774 |
Resources expensed £ (20,303) (13,361) (28,069) (34,117) (17,738) (59,816) (83,135) (85,911) (8,043) (5,157) (5,545) (40,341) (22,473) - - - - (424,009) |
Transfer £ - - - - - - - - - - - - - - - - - - |
Balance at 31 March 2023 £ 15,696 - 16,499 10,361 17,812 13,252 - - 15,614 - - 8,000 - 1,128 42,500 13,062 10,000 |
|---|---|---|---|---|---|
163,924 |
25
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
13. Restricted funds (continued)
Digital Champion Funding that has allowed for the expansion of the digital team to support increased work with those who are digitally excluded Vaccine Support Grant from Wakefield Council relating to the transportation of vulnerable people to and from vaccination venues. Armed Forces Covenant We employed a Veterans' Engagement Worker (VEW), supported by a team of volunteers. The VEW will extend our existing work with older veterans, by providing dedicated support to 400 veterans who are lonely and are not engaging with traditional forms of support. Henry Smith Charity Henry Smith funding enables us to expand and grow our existing Befriending Service, allowing us to recruit a full time Befriending Coordinator. Our aim over the next 3 years is to set up 270 brand new Befriending relationships. Prosper Research Programme funded through Bradford Teaching Hospitals NHS Foundation Trust, intended to support understanding of role of prevention in improving health outcomes for older individuals exhibiting signs of Frailty. Social Contact Scheme This is a project funded by Wakefield Council for the support of older people who find themselves with reduced functionality after a personal or health cisis. Time for Tea A community driven initiative, funded by the Big Lottery Community Fund, tackling isolation and loneliness amongst local older people, providing a gateway for those at high risk of crisis to find support before the crisis happens. Age UK's Walking Football Partnering with Sport England and The Football Association to deliver an Programme exciting new opportunity for older people across England to become more physically active through walking football. Volunteers The Henry Smith Charity and locally derived core funding has supported our volunteer programmes. Most particularly the Henry Smith Funding has enabled the expansion of our befriending service MCST/MHA The Mental Health Alliance enabled the further development of the AUK programme (see below) creating a viable service provision for future sustainable funding MCST AUK Initial funding from AUK enabled us to set up support for individuals with dementia and their Carers. Elderly persons Isolation The Community Foundation Wakefield District has launched the 3rd round of Fund the Elderly Person's Social Isolation Fund which has been inspired by the celebrations surrounding the 130th anniversary of Wakefield being granted City status. Wakefield @130 is designed to encourage a series of events and activities, which will engage older people in local communities across the Wakefield District. The Programme has been designed to work around 10 to 15 local communities, engaging up to 2,000 older people across the Wakefield District. Connecting Communities New local funding to support the expansion of hospital discharge support in the community. Combined with a grant programme, the delivery is in conjunction with local VCSE partners Digital District Grant from WYHCP to support districtwide work with those who are digitally excluded
26
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
13. Restricted funds (continued)
| 2022 Integrated Care Team – Hubs Social Contact Scheme Information & Advice Hospital Transport and Support Services Elderly Persons Social Isolation Fund Live Well Wakefield – Step Out Volunteers Prosper Time for Tea/ Reaching Communities Infection Control fund Armed Forces Covenant Fund Henry Smith charity Workforce Capacity Fund Walking Football Vaccine Support MCST/MHA Total restricted funds |
Balance at 31 March 2021 £ 27,145 - - 11,080 10,000 - 3,498 43,769 3,609 17,500 6,681 6,063 - - - 129,345 |
Incoming resources £ 410,979 76,776 69,856 - - 7,906 65,354 69,251 - 35,000 23,567 - 17,136 34,646 27 810,498 |
Resources expensed £ (386,271) (76,776) (69,856) - (8,872) (2,361) (51,881) (77,928) - (34,933) (26,403) - (14,936) (32,835) (27) (783,079) |
Transfer £ (51,853) - - (11,080) - - - - - (3,609) - (6,063) - - - (72,605) |
Balance at 31 March 2022 £ - - - - 1,128 5,545 16,971 35,092 - 17,567 3,845 - 2,200 1,811 - |
|---|---|---|---|---|---|
| 84,159 |
27
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
| 14. Unrestricted funds 2023 - Group Designated funds General funds Total unrestricted funds 2023 - Charity Designated funds General funds Total unrestricted funds 2022 - Group Designated funds General funds Total unrestricted funds |
Balance at 31 March 2022 £ 158,295 354,346 512,641 Balance at 31 March 2022 £ 158,295 342,419 500,714 Balance at 31 March 2021 £ 163,470 298,974 462,444 |
Incoming resources £ - 2,403,509 2,403,509 Incoming resources £ - 2,264,994 2,264,994 Incoming resources £ - 1,460,295 1,460,295 |
Resources expensed £ (9,340) (2,390,942) (2,400,282) Resources expensed £ (9,340) (2,252,486) (2,261,826) Resources expensed £ (8,064) (1,474,639) (1,482,703) |
Transfer £ - - - Transfer £ - - - Transfer £ 2,889 69,716 72,605 |
Balance at 31 March 2023 £ 148,955 366,913 |
|---|---|---|---|---|---|
| 515,868 | |||||
| Balance at 31 March 2023 £ 148,955 354,927 |
|||||
| 503,882 | |||||
| Balance at 31 March 2022 £ 158,295 354,346 |
|||||
| 512,641 |
28
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
14. Unrestricted funds
| 2022 - Charity Designated funds General funds Total unrestricted funds |
Balance at 31 March 2021 £ 163,470 298,203 461,673 |
Incoming resources £ - 1,325,456 1,325,456 |
Resources expensed £ (8,064) (1,350,956) (1,359,020) |
Transfer £ 2,889 69,716 72,605 |
Balance at 31 March 2022 £ 158,295 342,419 |
|---|---|---|---|---|---|
| 500,714 |
Designated funds
Lock Lane Centre Age UK Wakefield District is working with local residents and will continue to develop the centre and its associated activities. The balances includes £165,000 of leasehold property, being its fair value at the date of transition to FRS102, less subsequent depreciation.
15. Analysis of net assets between funds
| 2023 - Group Tangible fixed assets Current assets Creditors due within one year 2023 - Charity Tangible fixed assets Current assets Creditors due within one year |
Unrestricted funds £ 30,423 628,604 (292,114) 366,913 Unrestricted funds £ 30,424 609,487 (284,984) 354,927 |
Designated funds £ 141,852 7,103 - 148,955 Designated funds £ 141,852 7,103 - 148,955 |
Restricted funds £ - 163,924 - 163,924 Restricted funds £ - 163,924 - 163,924 |
Total funds £ 172,275 799,631 (292,114) |
|---|---|---|---|---|
679,792 |
||||
| Total funds £ 172,276 780,514 (284,984) |
||||
667,806 |
29
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
| 15. Analysis of net assets between funds (continued) 2022 - Group Unrestricted funds £ Tangible fixed assets 50,340 Current assets 580,197 Creditors due within one year (276,190) Creditors due after one year - 354,346 2022 - Charity Unrestricted funds £ Tangible fixed assets 50,340 Current assets 560,823 Creditors due within one year (268,744) Creditors due after one year - 342,419 16. Financial commitments Group 2023 As at 31 March the annual commitments under non-cancellable operating leases were as follows:- £ Due within 1 year 31,746 Due within 1 to 2 years 45,957 Due within 2 to 5 years 26,667 104,370 |
Designated funds £ 144,747 13,548 - - 158,295 Designated funds £ 144,747 13,548 - - 158,295 Charity 2023 £ 5,850 - - 5,850 |
Restricted funds £ - 108,051 (14,136) (9,756) 84,159 Restricted funds £ - 108,051 (14,136) (9,756) 84,159 Group 2022 £ 31,746 52,502 36,667 120,915 |
Total funds £ 195,086 701,796 (290,326) (9,756) |
|---|---|---|---|
| 596,800 | |||
| Total funds £ 195,087 682,422 (282,880) (9,756) |
|||
| 584,873 | |||
| Charity 2022 £ 5,850 - - |
|||
| 5,850 |
As at 31 March 2023 the company and the Group had capital commitments of £nil (2022: £nil).
17. Finance Lease commitments
| Due within 1 year Due within 1 to 2 years |
Group 2023 £ 917 - 917 |
Charity 2023 £ 917 - 917 |
Group 2022 £ 14,136 9,756 23,892 |
Charity 2022 £ 14,136 9,756 |
|---|---|---|---|---|
| 23,892 |
30
Age UK Wakefield District
Notes on Accounts (continued)
Year Ended 31 March 2023
18. Reconciliation of consolidated net incoming resources to net cash flow from operating activities
| Net incoming resources Depreciation Loss on disposal (Increase) in debtors Increase in creditors Net cash (outflow)/inflow from operating activities 19. Analysis of net debt 1 April 2022 £ Cash at the bank and in hand 548,532 |
Cash flow £ (121,899) |
2023 Group £ 82,992 31,911 (3,989) (219,734) 15,007 (93,813) Non-cash Movements £ - |
2022 Group £ 3,992 31,422 - (49,144) 194,829 |
|---|---|---|---|
| 181,099 | |||
| 31 March 2023 £ 426,633 |
20. Pension commitments
The Group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Group in an independently administered fund. The pension cost charge represents contributions payable by the Group and amounted to £58,856 (2022: £48,779).
21. Related party transactions
Transactions with trustees are disclosed in note 7.
During the prior year the Group entered into a partnership with CASEwork Services CIC Ltd to provide administrative services to the Group. The Group supported the establishment of the company through a provisional loan of £15,000. The amount of this loan outstanding at the year end is £15,000 (2022: £15,000).
During the year CASEwork Services CIC Ltd charged the Group amounts totalling £32,405 (2022: £Nil) for the provision of financial services. At the year end the group owed £Nil (2022: £Nil) to CASEwork Services CIC Ltd.
During the year the group made sales of £20 (2022: £32,207) to CASEwork Services CIC Ltd. At the year end CASEwork Services CIC owed the group £20 (2022: £17,207).
Our Trustee, William Lyster Barker, and Chief Executive, Paula Bee, are also Directors of CASEwork.
There were no other related party transactions outside of the Group during the current or prior year, nor are there any outstanding balances owing between other related parties outside of the Group at either Balance Sheet date. Group transactions and balances have been eliminated on consolidation.
31