## **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2022** |**CONTENTS**|**PAGE**| |---|---| |Company Legal and Administrative Information|2| |Chairman’s Report|3| |Structure, Management and Governance|4| |Achievements & Performance 2022:|| |Financial Review|4| |Activities Review|4 - 6| |Future Plans|6| |Appendices:|| |Appendix 1
Our Results in Brief.|| |Appendix 2
Pie Chart – Income & Expenditure 31stMarch 2022.|| |Appendix 3
Bar Chart – Income & Expenditure 2022 & 2021.|| |Appendix 4
Statement of Financial Activities 2022 & 2021|| |**INDEPENDENT EXAMINER’S REPORT**|| |---|---| |Report of the Trustees|1 – 3| |Independent Examiner’s Report|4| |Statement of Financial Activities|5| |Balance Sheet|6 - 7| |Notes to the Financial Statements|8 – 15| |Detailed Statement of Financial Activities|16 - 17| ## **FRONT COVER:** **Photo shows Joyce Watts, an enthusiastic volunteer and client at our Elton Centre. Thank you, Joyce.** - 1 - **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **COMPANY LEGAL AND ADMINISTRATIVE INFORMATION** ## **FOR THE YEAR ENDED 31[st] MARCH 2022** ## **TRUSTEES/DIRECTORS who served during the year:** David Harbach – Chairman Gaye Partridge – Vice Chair Fred S Hunt Dr Paul Collins Caroline Webb **SECRETARY:** Brian Mitchell FCCA **CENTRE MANAGER:** Kim Guest ## **REGISTERED OFFICE:** The Elton Centre Tel No: 01384 390065 St John’s Road E-mail: acshstourbridge@gmail.com Stourbridge Website: www.ageconcernsh.org.uk West Midlands DY8 1EJ UK **Charity Registration No:** 1096783 **Company Registration No:** 03266213 Company limited by guarantee; Registered in England. ## **INDEPENDENT EXAMINER:** Dalton Pardoe Limited Chartered Accountants 794 High Street Kingswinford West Midlands DY6 8BQ **BANKERS:** HSBC 114 High Street Stourbridge West Midlands DY8 1DZ **SOLICITORS:** Higgs & Sons 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX ## **PENSION PROVIDER:** Legal & General - 2 - ## **CHAIRMAN’S REPORT 2022** As part of my inspiration for this message I looked at the detail of my report in 2021, the closing paragraph read as follows: - _Despite all the challenges, Age Concern Stourbridge and Halesowen remain in good shape, ready to meet new ones as we move towards a post COVID world and will play its part in ensuring people who require, or seek our services are not left behind, and have access to the services and support they need. I am sure the next 12 months will be a year in the next chapter in the life of Age Concern Stourbridge and Halesowen, supporting older people, “Making a Difference”, and long may that continue._ These are problematic times we live in, and our operations at Elton Centre in the last 12 months very much reflect my remarks above, the only exception is that that we are seeing a much wider age range of clients that seek our help and advice, rather than “older people”. Significantly we continue in “Making a Difference.” Our world is currently a fragile place for the several reasons we are all aware of, and some of the people that attend Elton Centre are very concerned about even basic needs, such as health, food, and finance. Thankfully, and increasingly, we continue to offer the advice and assistance to individuals in the community, providing solutions, a clearer way forward for them, and the associated peace of mind, resulting in achieving a better quality of life for many. Our professional team of volunteer advisers continue to make a commitment to share that most precious resource – their time – to make life better for those who are in need. I have no doubt that the months ahead will be a period of fresh challenges for all of us, however at Age Concern our continuing focus will remain on the importance in providing support to all who need it, and that the Elton Centre and its associated activities will continue to flourish as a “hub” for the community, providing the experience of social interaction and companionship. Once again, I want to thank my fellow trustees for their continuing commitment to Age Concern and Elton Centre and thank them for the support they give to me in conducting my role as Chairman. Many thanks to Kim Guest, our Centre Manager, for her hard work and antisocial hours. Finally, to Brian Mitchell, my thanks for his continued valued support and guidance as Company Secretary. ## _**David Harbach**_ _**Chair of The Board of Trustees**_ - 3 - ## **STRUCTURE, MANAGEMENT AND GOVERNANCE** Age Concern Stourbridge and Halesowen is a local, independent charity which has been providing care to older people for over 40 years. Our Elton Centre in Stourbridge provides a range of services including day care, leisure activities such as bowls, exercises, art & crafts etc., plus an information office for advice and help on benefits, health and social care etc. The Elton Centre is also available for hire by local organisations. Exercise classes are also provided at The Cornbow Hall, Halesowen. Age Concern S&H is incorporated as a charitable company limited by guarantee and not having a share capital. Accordingly, the trustees of the charity are also directors for the purposes of company law. The constitution of the charity is contained within its Memorandum and Articles of Association. Management of the Charity is by the Board of Trustees/Directors who are committed to the principles and practice of good governance as issued by the Charity Commission and as contained in the various associated Codes for the voluntary and community sector. Annual accounts are subject to an independent examination by an appropriately qualified Chartered Accountant. ## **ACHIEVEMENTS & PERFORMANCE 2022** ## **Financial Review:** A year of recovery following government restrictions and lockdowns due to Covid-19. As reported in last year’s accounts the Elton Centre closed on 20 March 2020, and re-opened in May 2021. As part of a survival strategy the Board made the difficult decision to make 6 staff redundant in August 2020 and to appoint one member of staff as a new Centre Manager with effect from 1[st] September 2020. Accounts for the year ended 31.03.22 show a net increase in funds (“gain”) of £9,526, as compared with the previous year’s loss of £24,621. This gain follows a number of years of reported losses, so an encouraging result. Total cash reserves as at 31.03.22 were £102,408, as compared with £94,362 as at 31.03.21, an increase of £8,046. Again an encouraging result, in part due an increase in bookings by local organisations and families. Since re-opening in May 2021 this additional income from bookings has enabled the charity to maintain its cash reserves going forward in support of older people and the community generally. The Elton Centre is owned by the charity, with a market value in the region of £285,00 (professional valuation carried out February 2017). Full financial statements prepared by Colin Dalton Limited form part of this Annual Report. A summary of these statements is provided in Appendices 1 – 4 attached to help readers better understand the charity’s results. Supporting notes are included in “Activities Review” below. Appendix 1. Our Results in Brief; Appendix 2. Pie Chart - Income & Expenditure for 2022; Appendix 3. Bar Chart – Income & Expenditure for 2022 & 2021; Appendix 4. Detailed Statement of Financial Activities for 2022. ## **Activities Review:** ## Leisure Activities Since re-opening in May 2021 our Centre Manager, Kim Guest, has been successful in attracting a wider range of bookings and age groups which have been important in making the - 4 - Centre viable and more vibrant going forward. This includes older clients returning for a range of activities including bowls, art & crafts, exercises (including yoga, tai chi), and harmonica. Bookings also include a local pharmacist using the Centre for carrying out Covid-19 vaccinations. This not only generates extra income for the charity but also provides a valuable community service, as well as promoting the charity’s location and facilities. In the year ended 31 March 2022 these activities brought in total income of £34,694 (2021: £3,704). ## Café / Kitchen During lockdowns our café/restaurant remained closed and thus no meals service was possible for our day care clients or “drop-in” visitors. Restricted cafe facilities were introduced in July 2021 under a trial franchise arrangement (i.e. operated by a third party), but unfortunately discontinued in November 2021. Since that date the Centre Manager and volunteers have operated a popular Sunday Lunch menu, and a growing Thursday/Friday meal menu, plus drinks and snacks on other days. The kitchen also caters for families hiring the Centre for parties. To date it has not been practicable to re-introduce a full Day Care service due to a lack of staff, but our older clients do still enjoy using the café for meals and companionship. In the year ended 31 March 2022 kitchen activities brought in total income of £2,877, with potential for further growth in the new year (2021: £0). ## Other Income Other income received in the year of £16,903 from donations & grants, fund raising events etc. (2021: £69,424). Grants in year of £11,082 related to final grants received from Covid-19 Business Support grants and Job Retention Scheme (2021: total grants £65,733) Fund raising events raised £1,747, including skittles, quizzes, afternoon teas, Black Country Day, and our annual Summer fayre attended by the Mayor of Dudley, Cllr Sue Greenaway. Donations raised a further £3,329, and other miscellaneous receipts and interest of £745; a total of £5,821 (2021: £3,691). The charity is grateful to those people who supported us by attending events and making donations. ## Information Office An important part of the charity’s services is providing information and advice to older people on a range of individual problems including Attendance Allowance, care home financing, benefit checks, mobility, etc. – many of which now require completion of claims on-line. Upgrades to our computer system, including OneDrive to share information, have been completed, and a new VoIP telephone system installed. This is a free service, although clients are invited to make donations. With the current cost of living pressures we have seen an increase in enquiries, and in the issue of grants and shopping vouchers. This service is provided by a team of volunteers with CAB experience. Currently they see between 55 – 137 clients per month. ## **Expenditure:** Total expenditure in the year of £44,948 as compared with £97,749 in the previous year, a reduction of £52,801. Major savings in staffing and redundancy costs with staff numbers reduced from 8 to 1 with effect from September 2020. Thanks are due to those volunteers who continue to support the charity in its day-to-day needs including the Information office, kitchen and gardening. - 5 - **Expenditure: continued** … Other savings in costs were achieved by a review of costs generally, including long term contracts; offset by increased costs supporting renewed activities, including kitchen purchases, tutors and the hire of the Cornbow Hall, Halesowen. ## **FUTURE PLANS** As reported in the Chairman’s report (page 3) the charity remains in good shape and ready to meet the challenges that lie ahead. The Board’s commitment is to continue the charity’s important work of caring for older people who often live alone. Following the loss of local authority grants in 2017 and the impact of the Covid-19 pandemic our future plans include promoting the hire of our Elton Centre as a meeting place (“hub”) for the local community generally and for various other group activities – thus generating valuable extra income for the needs of the charity. The following strategies have been identified: - To ensure that the building and equipment infrastructures at the Elton Centre are “fitfor-purpose”. Improved security measures, computer upgrades and a new VoIP telephone system have been put in place. Future work plans include improved lighting, and replacement hand rails to our 2 portacabins. Where appropriate grant funding towards these projects will be sought. - Due to cost constraints the support of volunteers is seen as essential to meet users’ needs whilst also ensuring that the charity remains viable. As business grows the Board recognise the need to recruit permanent skilled staff to support our Centre Manager and to provide the ongoing resources to be a successful organisation. This includes the recruitment of new trustees with the necessary skills and commitment to implement future strategies and changes. - Currently we are unable to provide a full Day Care service for our less abled clients due to the loss of carers, kitchen staff, transport, and limited space in our remaining centre. However, the situation remains under review as the charity returns to a more secure future. - The development of our Café/Restaurant service is considered a priority in terms of generating increased footfall and income. - With the closure of other local offices, such as Age UK Dudley and Stourbridge Citizens Advice, there is a recognised need to extend our information services for older people. Improved computer and telephone systems have been completed and additional trained volunteers recruited. Future plans include promoting our Information Office services via local media and by forming closer links with other community organisations e.g. Dudley CVS. This is a free service. The Board will seek support and funding from local authorities as part of their statutory duties for adult social care. - Age Concern S&H is a member of a Limited Liability Partnership (LLP) with other local organisations and charities. The LLP was formed to explore tender opportunities and to prepare bids using the shared resources of its members. Any successful bid will be beneficial to the charity’s funding and future growth. A current bid awaiting a decision relates to a Healthy Communities Together project. - Greater use of Social Media generally to promote the presence and services of “Age Concern Stourbridge & Halesowen @ the Elton Centre”. Not only as charity for older people, but also as a centre for hire by other local community groups and families. The charity’s website www.ageconcernsh.org.uk has recently been re-launched to promote what is happening in Age Concern Stourbridge & Halesowen. ## _**Please do take a look.**_ - 6 - ## Report of the Trustees & Financial Statements st For the Year Ended 31 March 2022 **----- Start of picture text -----**
TAI CHI, PILATES
EXERCISES, FITNESS,
COMBAT
EVENTS -
QUIZZES,
SKITTLES
BOWLS
SLIMMING WORLD
LYMPHYOGA
FOR DANCEBEAT
ART & CRAFTS OLDER
PEOPLE WANDA BERRY
AND
HARMONICAS
SO MUCH
PARTIES
MORE
CONDITIONING WELLBEING VACCINATION
CENTRE
Registered Charity No: 1096783
- 7 - Company Registration No: 03266213
www.ageconcernsh.org.uk
**----- End of picture text -----**
REGISTERED COMPANY NUMBER: 03266213 (England and Wales) REGISTERED CHARITY NUMBER: 1096783 Report ofthe Trnslees and unaudit￿ FlnAn¢lal St4teThents for the Year Ended 31 Mareh 2022 AGE CONCERN STOURBRIDCE AND HALESOWEN Dalton Pardoe Limited Chartered Accountants 794 High Street Kingswinford West Midlands DY6 8BQ AGE CONCERN STOURBRIDGE AND HALLSOWEN Contents of the Vinancial StAtements for the Y￿r Ended 31 M•r¢h 2022 P•g¢ Report ofthe Tru$teos Ind¢p¢ndtnt ExAmlner'$ R¢port St8tem¢nt of Flnlnelil Ae¢lvltl B41*net Sheet 6 to 7 Notes to the Fln#nel#l St8t¢ments 8 10 15 Det•ll¢d Ststem¢nt of Flnonelal A¢¢lvltleg 16 to 17 AGE CONCERN STOURBRIDGE AND HALESOWEN Report of th¢ Tnutees for the Y￿r Ended 31 Marrh 21n2 The trustees who are also directW5 of the clwity for the PUryMW of th¢ Cotnpanies Act X*)6. prwent theiT rewrt with the fman¢ial statements of the charity for the year ended 31 March 2022. The tsustecs have adopted the provisions of Accounting and Reporting by Chariii¢s: Ststement of R¢¢ommended Practice applicable lo tharitie$ preparing their accounts in accordance with the Financial R¢NITtin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJEcfivES AND AcfiviTIES ObJ¢¢tlves and #etlvitie The objective for which the charity is ¢sthblished is To prornote the relief of elderly pwle in a manner which now OT hereafter may be deemed by ITh to be chwitsble in and around SiottttYid8¢ and Halesowen And th¢ surrounding ar¢a$' L￿NI]y. Age Concern Stourbridg¢ and Halesowen provide a range of servi¢es and a¢¢ivities for th¢ elderly wlthin the are and offer support to their relatives and careys. These servi¢es include day ¢ar< health and well being aciiviiies (¢.8. bowls. ke￿ fiL art and crnfts). and On inftimiatlon offi¢e providing free help and advice on social problems including benefits. housin8 etc. This office is ILxa¢ed at Elion Centre, just a short walk from Stourbridge bus and train siations. The office is open S days each week and provides advice for the elderly w a range of moneTS including State benefits. health and social we. tax and pensions, care homes etc.. plus help with the compl¢iion of otTi¢ial forn)& includin8 bus passes. ACHIEVEMENT AND PERFORMANCE See sephrnle Truthes Report for details of A¢hi¢vements and wforniance during th¢ year. FINANCIAL REVIEW The net sury)Ius fcff the year *nounted 10 £9J26 (2021- £24,621 Defi¢it ). Totsl fimds rose over the year und¢r revlew from £523,070 to £532.596. It 1$ the Foli¢y of the ¢h8rlty that unre$tri¢￿d funds which have not been designated for a specific us¢ should be maintained ai a level equivalent to be￿¢¢n Six and twelve months expenditur¢. The trustees consider that reserves at thi$ level wlll ensure that. in th¢ event of a significant drqj in fiJndin& they will be able to continue the ¢harity's ¢UTrent activiiies while consideration is given to way$ in which additi03)al may b¢ rnixd. This kvel of reseryes has been maintained throughout the yeor. STRvcfuRE. GOVERNANCE AND MANAGEMENT Governlng document Age Concern Stourbridge and Halesowen was r¢gisiered with Companies House th¢ Chority ComMi￿10n on 1st April 2010. The company is limited by 8uarnnte¢. not havin8 4 share ¢apithl. An upJal¢d Articles and Memorandum of Associatiijn was approved for th¢ charity whi¢h in¢orwrnted ¢han8es introduced by th¢ Cornpaniej A¢1 2CK)6. The chority's Governing Document is the Articles and M¢mornndum of Asso¢ia¢io The dire¢lors of the ￿mpanY are ftlso the fnthees for the puryjose of clwity law. REFERENCE AND ADMINISTRATIVE DETAIIS Regls(ered Company number 03266213 (En81gnd and Wales) Reglstered Ch*rlty number 1096783 Page I AGE CONCERN STOURBRIDGE AND HALESOWEN Report of the Trust¢¢5 for the Year Ended 31 MAr¢h 2022 Reglstered office The Elton Centre St John5 Road Stourbridge West Midlands DY8 IEJ Trn4tffs D Harbach - Chainnon FSHunt G Partridge Dr P H Collin5 Ms C Webb Company Secretary B Mitchell FCCA Indeptndent Exarnlner Mr C Dalton FCA Chartered Ac¢ounlant Dalton Pardoe Limited Chartered Accountants 794 High Street King5winford West Midland$ DY6 8BQ GOING CONCERN Al ihe time of approving the accoun￿ the tTUStees have a reasonable expectation that the chariry has adequate resources to ¢ontinu¢ in operaiional existence for th¢ foreseeable fvtyre. Thus the trustees continue to adopt ¢he going concern basi5 of a￿OUntIng in preparing the accounts. TRUSTEES, RESPONSIBILITY STATEMENT The trusiees (who are also the directors of AGE CONCERN STOURBRIDGE AND HALESOWEN for the purposes of company law) are responsible for preparing the Report of th¢ Trus1¢¢5 and the finaneial statements in accordance wilh appIl￿ble law and United Kingdom Accounting Standard5 (United Kingdom Generally A¢¢epted Accouniing Practic¢) including Financial Reporting Standard 102 Yhe Financial Reporting St8ndaTd applicable in the UK and Republie of Ireland" Company law requires the trustees to prepare financial statements for each financial year which 8ive a tnje and fair view of lh¢ state of affairs of the ¢harituble company and of the in¢omin8 resources and application of resour¢es. including the income and expenditur4 of th¢ charitable company for thai period. In preparing those financial statements, the trustees are required to select suityble accounting p)li¢ies and then apply them consisiently: observe the methods and principles in the Charity SORP. make judgements and estiTnates that are r￿oNable and prudent. prepare the financial statements on the going ¢on¢¢rn basis unless it is inappropriate to presume that the charitable company will continue in business. The trusttts are responsible for keeping proper a¢¢ounting records which disclose with reasonable ac¢ura¢y at any time the rinancial POSi¢ion of the charitable company and to enable ihem to ensure thai the financial stsiements comply with the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the ¢haritable company and hence foT taking reasonable steps for the prevention and detection of fraud and other irregularities. Pag¢ 2 AGE CONCERN sfoiJRBRIDGE APID HALLWWEN for th¢ Yev Ewled 31 Mayth 2923 AppDv•I byorder ofthe Ixxyd ofbi¥te¢s on 17 knwb¢r2ff22 a￿sTa￿e￿ on ks b¢hdrty. Independent Examiner'5 Report to the Trusttf5 of AGE CONCERN STOURBRIDGE AND HALESOIVEN Independent exAminer'5 report to the trustees of AGE CONCERN STOURBRIDGE AND HALESOWEN {'the Cornpany,) I report to Ihe charity trustees on my examination of ihe accounts of the Company for the year ended J l March 2022. ResponsibilÈtie5 2nd b#sis of report As the chariiy's trustees of the Company land also its directors for the purpose5 of company lam.) you are responsible for the preparation of the accounts in accordance with the requirernenis of ihe Companies Aci ?006 {'Ihe 2006 Aci'l. Having satisfied myself that the accounts of the Company are noi required io be audited under Part 16 of the 2006 Act and are eligible lor Endependent examinaiion. I repon in respeci of my exaininaiion of )'our charity's aecounis as carried oui under section 145 of the Charities Aci 2011 {'the ?01 l Act.). In carying oui my examinaiion I have folloived ihe Directions given by the Charity Commission under Sttiion 145(51 {b) of the ?01 l Aci. Indepcndent examiner'5 Statement I have cotnpleied my examinolion. I confirni thai no matters have come (o my attention in connection wi(h ihe examination giving me cause to believe: ac¢ountin(p records ivere not k¢pi in respect of the Company ￿ required by seciion 386 of the 2006 Act- or the accoun15 do noi accord ii'ith ihose records,. or the accounts do not comply with ihe accounting requirements of section 396 of the ?006 Aci other than any requirement that the accounts give a tNe and fair view which is not a matter considered as part of an independent exajninaiion. or the a¢COUll15 have not been prepared in accordance with the rnethod5 and principles of the Statement of Recommended Practice for accountin£ and reporting by chariiies (applicable io charities preparing iheir accounts in accordance wilh the Financial Reportin Siandard applicable in ihe UK atkd Republic of Ireland {FRS 102)). I have no concerns and have come across no other mallers in conneciion ivith the examinaiion to which ai(en(ion should be drawn in this report in order to enable a proper undeTsranding of ihe account5 to be reached. Mr C Dalton FCA Chanered Accountant Dalton Pardoe Limited Chanered Accountatkts 794 High Street Kingswinford Wesi MEdlands DY6 8BQ Dat¢.. Page 4 AGE CONCERN ￿oURBRIDGE AI¥D HALLSOWEN Sthtement of Fin8nei81 Aetivittes ror the Year End¢d 31 March 2022 31.3.22 Total funds 31.321 Tothl runds fimds fund INCOME AND ENI)OWMENTS FROM Donations and 8rants 3J29 8.531 Charitsble ¥¢tivilies - Income 178 178 61.124 Other trading aetivities Investtnent income Other income 17222 42 703 17322 42 703 1.313 442 806 Totsl 72 74 ￿10 EXPENDITURE ON Raising funds S002 S(M)2 1.339 Charitable actlvltl . Expmditure 37043 39J26 95.510 720 Total Net gains on investsnents 912 NET INCOMFJIEXPENDITURE) {726) 9J26 (24.621) RECONCILIATION OF FUNDS Tot*1 funds brought forward 5175 523,070 547.691 TOTAL FUNDS CARRIED FORWARD 527 523 070 AGE CONCERN STOURBRIDGE AND HALESOWEN Balance Sheet 31 March 2022 313.22 Total funds 31.3.21 Total funds Unrestrithed funds Restricted fund FIXED ASSETS Tangible &53ets Unlisted 12 13 421￿60 4,782 426,642 425.825 422060 4,782 427,642 426.825 CURRENT ASSETS Debtors Cash at bank 14 5,470 102.408 5,476 9,739 107,884 107,884 104.101 CREDITORS Amouttts falling due WTthin one year 15 (2,930) (1930) (7.856) NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 527,814 4,782 532,590 523,070 NET ASSETS 532 523 070 FUNDS Unr¢5tri¢ted funds: General fund Restricted funds: Restricted funds 16 527014 517.562 TOTAL FUNDS The charitable company is entitled to exemption from audit under Section 477 of the Companies Aci 2006 for the year ended 31 March 2022. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in a¢wrdance with Section 476 of the Companies Act 2006. The trustee5 acknowledge their responsibilities for (a) ensuring tha¢ the charitable Company keep5 accounting r¢¢ord5 that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial $ia¢ements whicb give a true and fair view of the stsie of affairs of the ¢haritable Company as a¢ the end of each finan¢ial year and of its surplus or deficit for ea¢h financial yegr in accord8n¢¢ with the requirements of S¢ction$ 394 and 395 and which otherwise comply with the requirements of ihe Companies A¢t 2006 relating lo fmon¢ial statements. so far as applitable to the charitable Cornpany. (b) Th¢ notes forni part of these finan¢ial ststem¢nts Page 6 continued... AGE CONCERN STOURBRIDGE AND HALLWWEN Bal8nc¢she•t-eoMthb￿ed 31 M#r¢ts 2022 Thqe fp)oncial #atenmts hav¢ been in #corth￿ wlth th¢ provtsloni applicthlEto d￿r￿￿b￿ c•mpanieJ MbF¢t to th¢¥ll￿11 wmptyks re8im 15wwdon Its behalf by. AGE CONCERN STOURBRIDGE AND HALESOWEN Notes ¢0 ¢h¢ FinanelAI Statements for the Year Ended 31 MAr¢h 2022 ACCOUNTING POLJCIES B•sis of prepring the IlnAn¢io1 statements The fmancial stotements of the chariiable company, which is a public benefit entity under FRS 102. have been prepared in accordan¢¢ with the Chariiies SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practic¢ gpplicable io chariiies preparing their accounts in accordan¢e with the Financial Reporting S¢andard applicable in the UK and Republic of Ireland (FRS 102) (eff¢ctive l January 2019),. Financial Reporting Standard 102 The Financial Reporting Siandard appli¢&ble in the UK and Republic of Ireland, and the Companies Act 2006. The financial sthtements have been prepared under the historical cost convention. Crltl¢41 *ceounllng Judgements key 50urees of estlrnAtlon uneert*ln¢y In Ihe application of the charity's a¢¢ounting policies. the lrustees are required to make judgern¢nts, estimates and assumptiOn5 about ihe ¢arrying amount of as5¢ts and liabili¢ie$ that are not readily apporent from other sources. The estimates and associated assumpiions are based on historical ¢xperiertc¢ and other factors that are considered to b¢ relevant. acnjal results may differ from these esiimates. The e5timal¢s and underlyin8 a55umptions are review¢d on an on80in8 basis. Revislons to accountln8 estimates are re¢ognised in the period in which the estimale is revised where the revision Affects only that period, or in the peiiod of the revision and future periods where the revision affects both ¢uTr¢nl and fuwre periods. All income Is recognlsed in the Statement of Fin8n¢ial Activities once the Charity has entitlement to the fund4 It IS probable that the in¢ome will be received and the amount wi be mcosured rellably. Expendlture Liabilities are re¢o8nis¢d as expenditur¢ as soon as th¢re Is a legal or construGtive obligatlon ￿MMItt]ng the charity lo that expenditure, it is probable that a transfer of economic benefits will be requI￿d in settlemeni and the amount of the obligaiion can be measured reliably. Expenditure is a¢¢ounted for on an a¢¢Tua15 bBsis and has been classified under headings that 888rcgate all cost r¢lated to the c8le80ry. Where co$ts ¢onnoc be directly attribuied to particular headin88 they have been allo¢aied to activitles on o bosis consis¢tnt with the use of resources. T4nglble fixed asjels Depreciation is provided 81 Ihe followin8 annuol rates in ord¢r lo wrlie off each asset over Its estimated useful life. Freehold property Fixlures and fittift88 not provided 20Yo on ¢osi No depreciation is provided on freehold property as. in the opinlon of th¢ trustees there has been an increase in the v&lue beh¥een ihe date of purchase and ihe balance Sheet date. Flxed amet Imv4stment$ Fixed asset invcstments ar¢ Mit¢d at market value. Relatsd plrty exemptlon The chari¢able company has tsken advantage of exemptlon. under Ihe tem15 of Financial Reportin8 st￿dllrd 102 The Finan¢ial Reporting Standard appli¢abl¢ in th¢ UK and Republic of Ireland,, not to disc105e r¢la¢¢d paty transactions with wholly owned subsidiarie5 within the group. T•xatlon The charity is exempt from ¢orporatiiJn tsx on tts Charitable activities. Fund aceollnllng Unrestricted funds ¢an be us¢d in accordllnce with the charitable objectives al the discretion of the trustees. Page 8 Continued... AGE CONCERN STOVRBIUDGE AND HALESOWEN Notes to ¢he Finanel#l Stst¢m¢nts- coDtAnlled for the Year Ended 31 Marcb 2022 ACCOUl￿lNG POLICIES- cowtimued Fund *eeollffjting Restricted fund$ Can only be used for particulw re5trtrtd purwses within the objects of the charity. Restrictions arise when spe¢ified by the d￿0T or when funds are raised for POni¢ular restricted pur(Kw. Fuffher explanation of the nanue and purpose of ¢a¢h fund is included in the notes to the finan¢ial ststements. GOI￿8 ¢oneern At the lime of approving the ac¢ounts. the truste¢s have a reasonabk ¢xpxtation that the ¢harity has Adequittt resources to continue in op¢ralional exist¢nrx for the foreseeable fvturn Thus th¢ trustees cotjtinue ￿ adopt the going concern basis of accounting in preparing the account OTHER TRADING A￿1VITIEs 31122 31.3.21 Room hire FIyTesljumble sales 15,475 747 1.313 17 INVESTMENT INCOME 31J.22 31.321 Income from inv¢stmen D¢posil attount interest 42 413 29 42 442 INCOME FROM CHARITABLE AcnviTIES 31J.22 31.3.21 Activity Kitchen - Income Exercise (Combow) - Income Bowls - InoJm¢ Keep fid Yo8a Income Art and ¢rafts - Income Grants- Dudley MBC - IncL*ne Grants. Job retention stheme . Inc￿￿¢ 2077 3,904 6,459 454 2,402 10,667 415 1,062 1.329 19.669 Pa8¢ 9 ¢onlinued... AGE CONCERN STOURBRIDGE AND HAL￿owEN Notes to th¢ Flnanclal Ststem¢nts- contlnued for the Ye*r Ended 31 March 2022 RAISING FUNDS Ra151ng donations and legaeles 31.3.22 31.321 Other fundraising costs Staff costs 3J92 1,339 CHARITABLE AcfiviTIES COSTS Direct Costs (see note n - Expenditure 39 DIRECT COSTS OF CHARITABLE AcfiviTIES 31.322 31,3.21 Staff Costs Depr¢¢iacion (nel of grants) Kitchen and shop purchases Activiiies Insurance Repairs and maint¢nan¢¢ Gès, electricity Bnd waier Administration cos¢$ Releose of re$tricted funds Prof¢s$lonal fees A6J84 lJ42 74,641 6,471 1,136 3,684 3,729 4,030 I,S83 1.274 4,893 2,891 6.551 665 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after ¢har8inW(¢rediiing)'. 31J.22 31.3.21 Depreciation - owned assets Independent examiners f¢¢ 2,925 720 1.775 900 Page 10 continued... AGE CONCERN STOiJRBRIDGE AND HALESOWEN Notes to the FIDan¢ial StatemeDts- eonttnts¢d for th¢ Year Elld¢d 31 Ma￿h 2022 TRUSTEES, REMUNERATION AND BENEFITS No Tn￿tee re¢eived remillieraiion in either2022 or 2(Ql. TTh5ttts' expemJ¢s There were no trusiees. expenses paid forth¢ year ended 31 March 2022 nor forthe year ended 31 March 2021. 10. srAFF cosrs 31J22 31.3.21 Wages and salaries 16 The avenge monthly numberof employees duTing the y¢JT as follows.. 31122 31.321 Clerical Kitchen Cleaners No employees Yeceived emoluments in ¢xce5s of £25.(XKI. COMPARATIVLS FOR THE sfATEMENT OF FINANCIAL AcrIvTriES Totsl funds funds fund INCOME AND ENDOWMENTS FROM Donation$ and grants 3.531 8.531 Ch•rilabk a¢tlvities - In￿rne 61.124 61.124 Other trading activities Invesm)eni income Other income lJ13 442 806 1.313 442 806 TotAI 67 EXPENDITURE ON Raising 1.339 1.339 Cb*ritsble ¥¢tivities - Expenditsre 94.845 665 95.510 Page 11 ¢ontinued... AGE CONCERN STOiJRBRIDGE AND HALESOWEN Note5 ¢0 the Fin8nel•l StateJnents- eollthiwed for tht Year ETrd¢d 31 M*rch 2022 ii. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL AcfiviTIES- continued unreStri￿td Restricted fimds fimd Totsl funds Other 900 900 Totsl 665 Net gains on invesknents 912 912 NET INCOMEJIEXPENDITURE) (28.956) 4.335 (24.621) RECONCILIATION OF FUNDS Tot*1 funds brought forw*rd 546.518 1.173 547.691 TOTAL FUNDS CARRIED FORWARD 517 562 523 070 TANGIBLE FIXED ASSETS Flxturns Freehold frttin81 Totals COST At l April 2021 Additions 416,402 114J43 530,945 At 31 Matth 2022 41 118 S34 087 DEPRECIATION At l April 2021 Char8e for year 105.120 IOS,120 At 31 March 2022 io io ]YET BOOK VALUE At 31 Mar¢h 2022 41 10 At 31 March 2021 425 825 No d¢precIatic￿ is provided on fre¢ho]d in the opinion of the trusrees there hos been an incr¢gse in the value betsveen the dats of pur¢hase and the balance sheet dwe. Pa8e 12 ¢oniinued... AGE CONCERN STOURBRIDGE AND HALESOWEN Notes to the Flnanel81 Stat¢ments- contlnued for the Year Ended 31 March 2022 13. UNLISTED Unlisted investments MARKET VALUE At l April 2021 and 31 March 2022 NET BOOK VALUE At 31 March 2022 At 31 Morch 2021 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 31.3.21 Prepayments accrued in¢ome 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 31.3.21 Trade Creditors Social security and other taxes Other credi¢of5 A¢¢n￿lS and deferred income 517 127 221 6J51 MOVEMENT IN FUNDS Net movernent in fun(ts At 31.3.22 Atl.4.21 Unrestriet¢d funds General fund 517562 10,2S2 527,814 Restriet¢d fund$ Restricted funds 5,508 (726) 4,782 TOTAL FUNDS 532 Page 13 ¢ontinued... AGE CONCERN STOURBRIDGE AND HALESOWEN Notes to the Flnancial Statements- continued for the Year Ended 31 MAreh 2022 i& MOVEMENT IN FUNDS- contlnued Net movement in funds. included in the above gre as follows.. Incoming resour¢es Re$our¢e5 expended Movement in fun(ts UThrestrl¢ted funds General fund 53,617 {43J65) 10352 Restrleted fund$ Restricted funds 857 (1,583) (726) TOTAL FUNDS CompArallvtJ for movement In fundi Net movemeni in fund8 Ai 31,3.21 At 1.4.20 Unre8trl¢¢ed funds General fund 546.518 (28,956) 517.562 Restrleted R¢$tricted funds 1.173 4.335 5,508 TOTAL FUNDS 24621) 523 070 Comparative net movement in funds. Included in the above aré as follow$: Incoming resour¢e$ Resources expended Gains and 105ses Movem¢nt in fvnds Unrestrl¢ttd fundj General fund 67.216 (97.084) 912 (28.956) Restrl¢t¢d funds Restricted funits 5,000 (665) 4,335 TOTAL FUNDS 97 749) 912 Pa¥e 14 Continued... AGE CONCERN STOURBRIDGE AND HALESOWEN Note5 to the FSn4nclal Statements- tontinw¢d for the Year Ended 31 March 2022 16. MOVEMENT IN FUNDS- eontlAued A current yeur 12 months and prior year 12 month5 combined position is as follows: Net movement in funds At 31.3.22 At 1.4.20 UnrestTiCted funds General ￿nd 546,518 {18.704) 527.814 Restrieted funds Restricted funds 1,173 3.609 4.782 TOTAL FUNDS 547 691 532 596 A current year 12 month5 and prior year 12 months combined net movement in fvnd4 included in the above are as follows.. Inwming resources Resources expendol Gains and losses Movement in funds UnrestTieted funds General fund 120.833 {140.449) 912 (18.704) Restrlcted funds Restricted funds 5.857 (2,248) TOTAL FUNDS 126690 (142.697) 912 17. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2022. ULTIMATE CONTROLLING PARTY i& The ¢harity is controlled by its Tft￿teeS. Pag¢ 15 AGE CONCERN STOURBRIDGE AND HALESOWEN Detslled Ststement ofFltt8m¢l•l Activities for the YeAr Ended 31 M*rcb 2022 31.322 Total 31.3.21 Totsl fvnd5 UDrestri¢ied funds Restricted funds INCOME AND ENDOWMENTS Donatlon$ #nd 8r*nts Donations and grants 1472 857 3J29 8.531 O¢ber tr*dlTri actlvltl¥ Room hire F0yre￿juMblC sales IS475 IS475 1.313 17332 17222 lJ13 I￿VeStMeNt In¢om* Income from investhients Deposit accounc interest 42 42 413 29 42 42 442 Ch&rltAbl¢ #etlvltl Kitchen Exerci8e (corn1￿W) Bowls Keep fiv Yoga Art Bnd crofts Grants- Dudley MBC Grants- Job retention xheme 2077 3,904 6,4S9 6,454 2.402 10.667 415 6,459 6,454 2,402 10,667 415 1.062 1.329 19.669 33.178 4178 61,124 Other Income Miscellaneous 703 703 806 Tol•l1o¢omlng r¢sour¢es S1617 8S7 54A74 72.216 EXPENDITURE R•lslni donallons Ind legael Other fundraising costs Stsff 3J92 1.339 &(Mn 5.002 1,339 Cbarltible *ctlvlU¢s Wages Carried foThvard 16J84 16J84 74.641 74.641 This page does not fonn part of the ststuw fmancial sw¢ments Page 16 AGE CONCERN STOURBRIDGE AND HALESOWEN Detailed Stgttment ofFlnanclal Aetlvltles for the Year Ended 31 March 2022 31.3.22 Total fun(ts 31.321 Total nds Unrestricted funds Restricted funds Ch8rltabk activltlej Brought forward Depreciation (net of grants) Kil¢hen and shop pur¢hases Activities Insurance Repairs and maintsnan¢t Gas. ele¢tricity and wathr Administrolion ¢osts Release of restricted fijnds Professional fees 16J84 lJ42 74.641 1?42 867 6,471 1,136 3,684 3,729 4,030 6,471 1,136 3,684 3,729 4,030 1,583 1.274 4.893 2.891 6,551 665 1,583 37,643 1,583 39,226 95.510 Support cojts Governance ¢￿ts Independent exominers ft¢ 720 720 900 Total reKJurces exp¢nded Net (expendltureylneome before galn3 and 10,252 (726) 9,S26 (25,533) Reall$ed reeognlsed 8oln$ #nd loJse$ Replised 8ainsl{losses) on fixed osset investhients 912 N¢t {expendl¢ureylneom¢ io 26) This p8ge does not forni part of the statutory financial stet¢meni$ Page 17 IndependtDt ExamlDer'$ Report to tbe Trnstee5 of AGE CONCERN STOURBRIDGE AND HALESOWEN Independent ¢s*miner's report to the trusiee5 of AGE CONCERN STOURBRIDGE AND HALESOWEN ('th¢ Company,) I report to the charity tn]51ees on rny examina11(￿ of the accounts of the Company for the year cnded 31 March 2022. Responsibilitles and bas1$ of report A5 the charity's tnjstees of the Company (and also its direciors for the purpises of c(Mnpany law) you are resixiDsible for the prepardtion of the accounts in a¢¢ordance with the requirements of the Companies Aci 2006 (the 2006 Act.). Havtng sat15fied myself that the accounts of the Company are noi required to be 4udited under Part 16 of the 2006 Acl and are eligible for independent examin*ion. I repon in respeci of my examinaiion of your charity's accounts as ¢aTried out under section 145 of the Chariti¢5 Aci 2011 (Ihe 2011 Arf.). In QTrying out rny examination I have followed the Directions given by the Charity CoTnmission under scrtion 145(5) Ib) of the 2011 A¢1. Independent exajniner's $tatemtnt I have compleied my examination. I tonfirni that no matters have come io my attention in eonnection with the exarnination giving me ￿U$¢ to believe: accouniing records were noi kept in respcci of the coM￿Y &% required by section 386 of the 2006 Act,. or the accounls do noi accord with those records: or the accounts do not comply with the accounting r¢quirem¢rtts of sethion 396 of the 2006 other than any requirement thai ihe a¢counts give a true and fair vi¢w which 1$ not a maner considered as part of ￿ independent examinaiion: or lhe accounts have noi been prepared in accordance with the m¢thods and principles of the Stai¢ment of Recommended Pra¢lice for a¢couniing and reporfin8 by charilie5 (appli¢4ble io charities preparing their ac¢ounts in a¢cordanc¢ with the Financial Reporting Standard gpplicable in the UK and Republi¢ of Ireland {FRS 102)), I have no concerns and have come across no other matters in ¢onnection with the examinaiion io which affeniion should be drawn in this report in order to enable a proper understandin8 of the a¢coun15 10 be reached. Mr C Dalton FCA Chartered Accountani Dalton Pardoe Limited Chartered Accountants 794 High Street King5winford West Midland5 DY6 8BQ Date.. Page 4