## **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31[st] MARCH 2023** |**CONTENTS**|**PAGE**| |---|---| |Company Legal and Administrative Information|2| |A Tribute to Past Colleagues|3| |Chairman’s Report|4| |Structure, Management and Governance|5| |Achievements & Performance 2023:|| |Financial Review|5| |Income & Expenditure Reviews|5 - 6| |Advice & Information Review|6| |Future Plans|6 - 7| |Appendices:|| |Appendix 1
Our Results in Brief.|| |Appendix 2
Pie Chart – Income & Expenditure 31stMarch 2023.|| |Appendix 3
Bar Chart – Income & Expenditure 2023 & 2022.|| |Appendix 4
Statement of Financial Activities 2023 & 2022.|| ## **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 our lovely volunteer ladies – Pam, Janet, Doreen and Eileen - supporting one of our Table Top fundraising events.** - 1 - **AGE CONCERN STOURBRIDGE & HALESOWEN** ## **COMPANY LEGAL AND ADMINISTRATIVE INFORMATION** ## **FOR THE YEAR ENDED 31[st] MARCH 2023** ## **TRUSTEES/DIRECTORS who served during the year:** David Harbach – Chair of Trustees Gaye Partridge – Vice Chair Fred S Hunt (Died 31[st] May 2023) Dr Paul Collins Caroline Webb (Resigned 2.12.22) **SECRETARY:** Brian Mitchell FCCA **CENTRE MANAGER:** Kim Guest **CENTRE MANAGER:** ## **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:** ## **SOLICITORS:** ## **PENSION PROVIDER:** HSBC 114 High Street Stourbridge West Midlands DY8 1DZ Higgs & Sons 3 Waterfront Business Park Brierley Hill West Midlands DY5 1LX Legal & General - 2 - ## A TRIBUTE TO PAST COLLEAGUES… Sadly, during the year the charity lost two colleagues who had been staunch leaders not only of Age Concern, but in the local community. The Board hereby acknowledges the enormous contributions made by Fred Hunt and Ron Dalton and thank them for their many years of valuable service and commitment. ## **FRED HUNT** Fred died on 31[st] May 2023, aged 92 years. A serving Trustee at the time of his death, and a previous Chairman of Age Concern. Former Mayor and council leader of Dudley, as well as an Honorary Freeman of the Borough. As Mayor, Fred helped to provide the old Mary Steven Maternity Hospital as a new centre for Age Concern in Stourbridge. Fred always carried out his duties with authority, wisdom and good humour, and will be a huge loss to the local community which he served so well. ## **RON DALTON** Ron died on 4[th] April 2023, aged 87 years. He was Chairman of Age Concern for over 20 years, and retired from the Charity in 2013. In that time Ron oversaw the growth of Age Concern from small beginnings at St John’s church hall to a major provider of care at its three centres at Elton, Mary Stevens, and Green Lane, Halesowen. Ron was particularly proud of the Charity being awarded with the Queen’s Golden Jubilee award in 2003. In all these achievements Ron recognised the importance of the support given to him by other colleagues, staff and volunteers; including Fred Hunt (above) and, in particular, his late wife Val. Ron and Val were also keen supporters of The Royal British Legion. Quoting from his final Chairman’s report: _Life is like a trolley, which never will go straight, It deviates, gets out of hand, and never seems to wait. Unless it’s being handled with guidance and with care, You’ll go the wrong direction, if you are unaware._ - 3 - ## **CHAIRMAN’S REPORT 2023** I am delighted to present the Chairman’s report for Age Concern Stourbridge and Halesowen once again. As we reflect on the past year, we are grateful for the unwavering support and dedication of our team. Their commitment has allowed us to continue in making a positive impact on the lives of those we serve. Sadly, in the last 12 months we have lost 2 dear colleagues, Ron Dalton and Fred Hunt, who passed away – _“Called to Higher Service”_ . We acknowledge their enormous contribution to our organisation, their legacies will forever remain in our hearts and in the work, we continue to do. The past year has posed many challenges, and it is a testament of our resilience as an organisation to adapt to new and changing circumstances, and we do this by determination and creativity. Despite the challenges we remain committed to providing support and advice to an increasing number of people in the community. Indeed, our dedicated volunteers continue to make an invaluable contribution and their unwavering dedication is a constant source of inspiration. The year has taught us important lessons. We have learned to be adaptable, innovative, and responsive. Our ability to persevere in the face of adversity is testament to the strength of Age Concern Stourbridge and Halesowen. I want to extend my appreciation to our dedicated staff, volunteers and board members, your hard work and passion has been instrumental in our navigation through this year. I invite you to join us on our journey for the year ahead. Your involvement, whether big or small makes a difference. Together we can continue to make positive changes in our community and the lives of those we serve. ## **David Harbach** **Chair of The Board of Trustees** - 4 - ## **STRUCTURE, MANAGEMENT AND GOVERNANCE** Age Concern Stourbridge and Halesowen is a local, independent charity which has been providing care to older people since 1975. Our aim is to offer practical support by providing services that help the over 50’s in the Dudley Borough to get out and about, meet friends, keep active, stay healthy and generally live life to the full. Our Elton Centre in Stourbridge provides a range of activities such as bowls, exercises, art & crafts etc., plus an Advice & Information service providing free help on benefits, health and social care etc. Exercise classes are also provided at Halesowen Town Hall (previously “The Cornbow”). The Elton Centre is also available for hire by local community organisations. 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 2023** ## **Financial Review:** Accounts for the year ended 31.03.23 show a net increase in funds (“gain”) of £9,021; as compared with the previous year’s gain of £9,526. These are encouraging results following losses reported in earlier “pre-pandemic” years, and as the Charity continues to recover from the impact of Covid-19 and lockdowns in 2020 & 2021. Total cash reserves as at 31.03.23 were £103,099, as compared with £102,408 as at 31.03.22. 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 Trustees’ 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 the Income and Expenditure reviews below (and in the later Independent Examiner’s Report). Appendix 1. Our Results in Brief; Appendix 2. Pie Chart - Income & Expenditure for 2023; Appendix 3. Bar Chart – Income & Expenditure for 2023 & 2022; Appendix 4. Detailed Statement of Financial Activities for 2023. ## **Income Review:** ## Activities Leisure activities for our older clients continue to be popular with a range of activities including indoor bowls, art & crafts, exercises (including yoga, tai chi and pilates), harmonica club etc. The Elton Centre also has a café providing daily refreshments and Sunday lunches. In the year ended 31 March 2023 these activities brought in total income of £39,448 (2022: £22,096). ## Room Hire Since re-opening in May 2021 our Centre Manager, Kim Guest, has been successful in - 5 - Room Hire Continued …… attracting a wider range of bookings and age groups which has been important in making the Centre viable (and more vibrant) and thus helping to achieve its aims of caring for older people. Bookings also include a local pharmacist using the Centre for carrying out Covid-19 and flu vaccinations. Income from room hire 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 2023 room hire brought in total income of £21,825 (2022: £15,475). ## Other Income Other income received in the year of £17,861 came from donations & grants, fund raising events interest etc. (2022: £16,903). Grants received in the year include £8,571 towards new energy-saving LED lighting, plus other grants of £1,390 towards our advice & information service and a new bereavement service. Fund raising events raised £3,891, including skittles, kurling, quizzes, entertainments, and a Summer fayre. Donations raised a further £1,847, and other miscellaneous receipts and interest £2,162. The charity is grateful to those people who supported us by attending events and making donations. ## **Expenditure Review:** Total expenditure in the year to 31.03.23 was £70,113 as compared with £44,948 in the previous year, an increase of £25,165. Increased costs reflect increased activities generally plus significantly increased energy costs due to the war in Ukraine etc: - Increased activities, including kitchen/café +£11k (offset by increased income) - Increased staffing costs including volunteers - and contractor. + £7k - Increase in energy costs imposed by higher tariffs and increased usage + £6k ## **Advice & Information Service Review:** An important part of the charity’s work is providing information and advice to older people on a range of individual problems including benefit claims, debt advice, mobility etc. – many of which now require completion of claims on-line. 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. In the year ended 31 March 2023 our staff provided help to 1,242 clients. The service is provided by a team of volunteers with CAB experience. Upgrades to our computer and telephone systems have improved facilities for staff and clients, plus a greater use of social media and our website to promote the help available. Additional services to support the community have also been developed including a bereavement help group, and participation in Dudley Council’s initiatives such as Warm Welcome, Talkin’ Tables and Ageing Well events. ## **FUTURE PLANS** As reported in the Chairman’s report (page 3) the Charity recognise the importance of being adaptable, innovative, and persevering as it continues to face challenging times ahead. - 6 - **FUTURE PLANS** Continued ……. Particular attention will be given by Board members to monitoring the financial viability of all the charity’s operations as it faces the pressures of rising energy costs and other costs of living generally. Regular price reviews (income) and scrutiny of costs will be important. The following strategies have been identified: - To ensure that the building and equipment infrastructures at the Elton Centre are “fitfor-purpose”. Improved lighting, and hand rails to our two portacabins have been completed in the year. Future projects identified include: a new and improved CCTV security system following incidents of vandalism and drug-taking around the Centre; and energy cost saving measures to replace outdated boiler and heating systems at the Centre. Where appropriate grant funding towards these projects will be sought. - As the charity continues to grow 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. To date two new staff have been appointed. - However, due to cost constraints the support of volunteers is also seen as important to meet users’ needs whilst also ensuring that the charity remains viable. Currently volunteers are a valuable addition in supporting our kitchen, advice & information, and garden. With the closure of other local offices such as Age UK Dudley, and Stourbridge Citizens Advice, there is a particular need to extend our information services for older people. Future plans include recruiting and training more volunteers and to extend the areas we serve including Halesowen. Volunteers also include ongoing efforts to recruit new trustees with the necessary skills and commitment to implement future strategies and changes. - The development of our Café/Kitchen as a viable service is considered a priority in terms of generating increased footfall and income. - Currently we are unable to provide a full Day Care service for our less abled clients due to the loss of carers, kitchen staff, and drivers; plus limited space in our remaining centre. The situation will remain under review as the charity returns to a more secure future, including the availability of 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. Ongoing projects include Healthy Communities Funding in respect of reducing health inequalities for older people and minority groups, digital inclusion, and support for people with long-term health conditions and disabilities. - The Charity recognises the importance of using Social Media generally to promote the presence and services of “Age Concern Stourbridge & Halesowen @ the Elton Centre”. Progress has been made with an improved website (including an on-line donation facility), and a greater presence on Facebook. Further progress is planned going forward. The charity’s website www.ageconcernsh.org.uk and Facebook **the elton centre stourbridge** can be visited to find out more about the charity and the latest news on what is happening at our Elton Centre ## _**Please do take a look.**_ - 7 - ## **@ The Elton Centre** ## Report of the Trustees & Financial Statements For the Year Ended 31 March 2023 **----- Start of picture text -----**
CONDITIONING WELLBEING
EXERCISES, FITNESS,
COMBAT
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THEATRE
FOR
OLDER
BOWLS
PEOPLE
AND
ART & CRAFTS
SO MUCH
MORE
HARMONICAS
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CAFÉ’, SUNDAY LUNCHES
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**FUND RAISING EVENTS - QUIZZES, KURLING, TABLE TOPS, ENTERTAINMENTS** **PARTIES** **TAI CHI, PILATES, YOGA DANCEBEAT SLIMMING WORLD VACCINATIONS** **Registered Charity No: 1096783 Company Registration No: 03266213** **www.ageconcernsh.org.uk** - 8 - REGISTERED COMPANY NUMBER: 03266213 {England And Wales) REGISTERED CHARITY NUMBER: 1096783 Report tsf the Trus¢eu 8nd Unludlted Flnan¢lAI Statements for the Year Ended 31 M*r¢h 2023 for AGE CONCERN STOURBRIDGE AND HALLSOWEN Dalton Pardoe Limited Chartered Accountants 794 Hi8h Street Kingswinford West Midlands DY6 8BQ AGE CONCERN sfouRBRIDGE AND HALLSOWEN Contents ofthe Fth•n¢hl StstemeAts for the Year E4ded 31 M•reh 2023 Page Reprt ofthe Thuleu I to 3 l•d¢peMdeDt EumlMeV$ R¢ptrrt StstenK•t ofFln•n¢knl Actlvltks B•lanee Sh¢¢¢ 6 to 7 Not¢J ¢• ¢ht Flth*n¢knl S¢•teme•ts 8 to 13 Dethlknd StstemEat of Flm•Dcl•l A¢tfvldes 16 to 17 AGE CONCERN ￿ouRBRIDGE AND HALESOWEN Report of the Trustee5 for the Year Ended 31 March 2023 The trustses who aTe also directors of the charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year eThJed 31 March 2023. The tsvstees have adopted the provisions of Accounting and Reporting by Chari¢ie5: Statement of Recommended Praciice applicable io ¢harities preparirtg their a￿OUnts in accordan¢e with the Finan¢ial Reporting Stsndard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective I January 2019). OWECTIVES AND ACTIVITIES ObJeetiv¢s and actlvities The objective for which th¢ charity is established is "To promote the relief of eld¢rly people in a manT￿r which now or hereafter may be deemed by law to be charitsble in and around Stourbridge and Halesowen and the surrounding are&s" Age Concern Stourbridge and Halesow¢n is a local independent ¢harity which has been providing care to older people for over 40 years. Our Elton Centre. Stourbridge> provides a range of services and activities including bowls, exercises. arts and crafts. café and Sunday lunche5 etc. Also an Inforn)ation Office offering free advice and help on benefits. heahh and social eare etc. Our Elton c￿tre is also availabl¢ for hire by local cornrnunity organisation& Weekly exercise cl&sses ore also held at Halesowen Towib Hall ("The Combow"). ACHIEVEME￿ AND PERFORMANCE See separate Trustees Report for details of achievements and perforniance during the yw. FINANCIAL REVIEW The net SUTplus for the year amounted to £9.021 (2022 - £9526 ). Total funds rose over the year uThJer review from £532J96 to £541.617. It is the policy of the charity that unrestricted fijnds whi¢h have not been designated for a spxifi¢ use should be maintained at a level equivalent to between six and twelve Tnonths expenditure. The trustees consider that reserves 81 this l¢vel will ensure tha¢ in the event of a si8nifi¢an¢ drop in fundin& they will be abl¢ to continue the charitys ¢UTr¢nt activities while ¢onsideration is given to ways in whi¢h additional ffimds rnay be raised. This level of reserves has been maintained throughout the year. RUCTURE, GOVERNANCE AND MANAGEMEKr Governlng doe￿￿e￿t Age Concern Stourbridge and Halesowen was registered with Compani¢s House and the Charity Commission on 1st April 2010. The eornpany is lim¢ted by guarantee. not having a share capitsl. An updated Article5 and Memorandum of A8SOCi&tion was approved for the charity which incorporaied changes intrOd￿ed by the Companies Act 2006. The chariW5 Governing DThxunent is the Articles and Memorandum of Association. The directors of the company are also the trusi¢&% for the putpose of chariry law. REFEREf4CE AND ADMINI￿RATIVE DETAILS Registered Comp4ny number 03266213 (England and Wales) R¢gis¢ered Cbarlty number 1096783 Reglstered offlee The Elton Centr¢ St Johns Road Stourbridg¢ West Midlands DY8 IL Page I AGE CONCERN STOURBRIDGE AND HALLSOWEN Report ofthe Trnsl¢e5 for tb¢ Year Ended 31 Mareh 2023 Trnsttts D Harba¢h - Chainw) F S Hunt (deceased 1.6.23) G P8Ttridge Dr P H Collins Ms C Webb (reS]￿d 2.12.22) B Mitchell FCCA (appointed 15.6.23) Company Setret4ry B Mitchell FCCA IndepettdeD¢ Examltt¢r Mr C Dalton FCA Dalton Pardoe Limit Chartered Accountants 794 High Stree¢ Kingswinford West Midlands DY6 8BQ GOING CONCERN At th¢ time of approving the account& ihe trnstees have a reasonable expectation thai the ¢harity has adequate resource5 to continue in operational existen¢e for the fores¢e#bl¢ futtre. Thus th¢ Dwtees ￿ntinUe to adopt the going concern basis of a¢￿unting in preparing the accounts. TRUSTEESI RFSPONSIBILITY STATEME The tn￿ (who are also the directors of AGE CONCERN STOURBRIDGB AND HALESOWEN for the putpose5 or company law) are responsible for preparing the Report of the TnL8¢ees and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards (Uniied Kingdom Generally Ac¢epied Accounting Prac¢ice) including Financial Reporting Standard 102 'The Finan¢i#l Reporting Standord applicable in the UK and Republic of Ireland" Company law requirts the trustees to prepar¢ financial statements for each financial year whi¢h give a true and fair view of the 51ate of affairs of the charitable company and of the incoming resourc¢$ and application of resourc4 including the income and expenditt￿e. of the ¢haritable company for that period. In preparing th¢)s¢ financial statemenis. th¢ trustees aTe required to select suitable a¢¢ounting policies and ihen apply them consi5tently- ob5erYe the mwhods and principles in the Charity SORP. make )￿lEeMents and estimates that are reasonabl¢ and prudeni. prepare the financial statements on the going concern bLsi$ unless it is inappropriate to presume that the charitable Company will Continue in busin￿. The trustees are rwnsible for keeping proper a¢winting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial sthtements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company ond hen¢¢ for taking reasonable steps for the prevention and detection of fraud and other irregularitie& Page 2 AGE CONCERN STOURBRIDGE AND HALLWWEN Rtport of the Trustees for tbe Year Ended 31 Mareh 2023 This report has been prepared in accordance with th¢ speciol provisions of Part 15 of the Companies Art 2Crf)6 relating to small companie$. Approved by order of the board of trustees on 21 September 2023 and signed on its behalf by: a¢h - Chairm¥n- Trustee Page 3 Independent Examiner's Report to the Trustees of AGE CONCERN STOURBRIDGE AND HALESOWEN Independent ex#miD¢r's report to the trustees of AGE cof4CERN STOURBRIDGE AND HALESOWEN ('the Company,) I report to the charity trusiees on rny examinaiion of the accounts of the Company for rhe year ended 31 March 2023. Responsibilities and b#si5 of report As the chariiy's Iru5tees of the Cornpany (and also its directors for ihe purposes of company law) you are responsible for the preparation of the accounts in accordance with the requiiemenLS of the Companies Aci ?006 ('Ihe 2006 Act.). Having satisfied myself tho1 the accout]ts of the Company are not required io be audited under Pan 16 of the ?006 Act and are eligible for iTrdependen¢ exatnination, I rewTrn in respect of my examination of your charitys accoun15 as carried out under Section 145 of the Charitie5 Act ?01 l {'Ihe 2011 Act'l. In Ca￿)ing oui my examination I have followed the Direction5 given by ihe Charity Commission under Seaion 145{5) (b) of the ?01 l Act. Indepcndtnt examiner'5 Statement I have completed my examination. I confirni that no matiers have come lo my aiiention in connection with ihe examination giving me cause to believe.. accounting records were not kept in respea of the Company as required by Section 386 of ihe 2006 Act. or the ac¢ounis do nol a¢cord with those records. or the accounts do noi comply with the accouniing requirements of Seciion 396 of the ?006 Acr other than any requirement ihai ihe accounts give a rrue and fair view ivhich is not a matter considered as part of an sndependent examination. or the accounts have not been prepared in accordance with the meihiNJs and Pri￿lpleS of the Statement of Recommended Practice for accouniin¥ and reponing by chariiie5 (applicable to Chariries preparing their accounts in accordance with the Financial Reporting s￿dard applicable in the UK and Republic of Ireland {FRS 102)). I have no eoncems and have Come across no other tnatters in conneciion the examination to which attenlion should be draMTr in this report in order to enable a proper unders￿￿ling of the accounts to be reached. Mr C Dalton FCA The Institute of Chartered Accountants in England and Wales Dalton Pardoe Limited Chanered Accountants 794 High Street W Kingswinford West Midlands DY6 8BQ 21 September 2023 Page 4 AGE CONCERN ￿oURBRIDGE AND HALESOWEN Statement of Finan¢ial Actfvltles ror the Year Ended 31 March 2023 31.3.23 Total d$ 31.3.22 Total fimds Unrestricted funds Re5tri¢ted fund Notes INCOME AND ENDOWMENTS FROM Donations and grants I￿47 9,961 3J29 Charitable 8etivitl¢s - Income 39.448 39,448 33.178 Other trading activities Inv¢5tment income Other income 25,947 25,947 I,oso 881 17.222 42 703 Total 69,173 9,961 79.134 54,474 EXPENDITURE ON R#ising fijnds 5,981 5,981 5.002 Charltsble *¢tivitks - Expenditure 61A80 1,832 63,412 39,226 Other 720 720 720 Total 6&281 1,832 70,113 44.948 INCOME 8,129 9,021 9.526 RECONCILIATION OF FUNDS Tothl fimds brought forward 527,814 4,782 $32W6 523.070 TOTAL FUNDS CARRIED FORWARD 528,700 12.911 541,617 532J96 The notes forni part of these financial sta¢¢men¢S Page S AGE CONCERN STOURBIUDGE AND HALLSOWEN Balantt Sheet 31 March 2023 31JJ3 Tot*1 funds 31.3.22 T¢x81 fvnds FIXED A&SETS Tangible assets Unlisted 12 13 424.732 l iJ21 426,642 1.0 1,000 425,732 11521 437253 427.642 CURRENT ASSETS Stocks Debtors Cath at bank 14 15 4110 5229 103.099 5,476 102.408 101.709 iJ90 107J38 i?90 I￿728 107.884 CREDITOILS Amounts falling due within one year 16 (4J64) (w) (2.930) NET CURRE1￿ A&SETS 101974 JJ90 104J64 104.954 TOTAL ASSETS CURRE LIABILITI&8 52&706 541,617 532.596 NET A&s￿s 524706 12911 541,617 532.596 FUNDS Unrestricted fund5: Generdl fimd Restriaed fi￿￿5.. Restricted fimds 17 52&706 527.814 11911 4.782 TOTAL FUNINS 541,617 532.596 The ch8r¢thle compary is en¢id¢d to exemption from audit Se¢*ion 477 of the Companies Act 2006 for the year eThJed 31 March 2023. The membeft¥ ￿v¢ not required the eomp8ny to obtain an audit of its financial statements for the year ￿ed 31 Marth 2023 in accordan¢¢ with Section 476 of the Companies Act 2006. The trustees acknowledge their Tesponsibiliti&% for (a) ensurin8 tt￿t the charitable company keeps accowming r¢o)rds that comply with Sections 386 thd 387 of the Companies Act 2C4)6 and pr¢paring financial 5t8temerrts which give a true and fair view of the stste of affairs of the charitable company as at the end of ea¢h financial year and of its wIu5 or deficit for each fiTwKial year in accordance with th¢ requirements of Sections 394 aThJ 395 aTxI whidj otherwise comply with thB requirements of the Componie5 Art 21￿ relating io financial StatrMen￿ so far as applicable io the charitable company. (b) The n￿e$ forni part ofthese financial ststem ontinued... AGE CONCERN STOURBIUDGE AND HALESOWEN Balance She¢t- eontlnued 31 March 2023 These finan¢i41 statements have been prepwed in a￿ordanCe with the provisions 4)pli¢gbl¢ to charitable companies subject to the small companies regime. The flnancial statements were Approved by the Board of Tnjsi￿s and authorised for issue on 21 September 2023 and w￿¢ signed on its behalf by: . Chairnwi. Trustee Th¢ notes fonn part of these financial statements Page 7 AGE CONCERN SIOURBIUDGE AND HALESOWEN Noles to the Fillan¢iAI Sta¢ements for ¢he Year Eud¢d 31 M4rch 2023 ACCOUNnNG POLICIFS Bgsls of pr¢parlThg the fin*ncl81 ststebnents The fina￿la1 ststements of the charitsble conyny, which is a public b¢nefit entity ￿der FRS 102. have been prepared Tn accordance with th¢ Chariiies SORP (FRS 102) 'Accounting and Reporting by Chartties.. Stat¢ment of RecommeThJ¢d Practice applicabl¢ lo charities pr¢paring their accounts in with the Finoncial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effettive l January 2019).. Fi￿n¢18] Reporting Standard 102 The FiNncial Reporting Standard applicable in the UK arwj Republic of IrelaThJ' arKI the Companies Act 2006. The financial stst¢m¢nts have be￿ prepared undtt the hi#wical ¢ost ¢onvenEiOn. Crltical acco￿￿ti￿g J*ements a￿d kny sourtes oftsdmath)D uRttrtaiJbty In the application of the Charitgs accounttng ￿li¢je& the tslL#e¢$ 4r¢ rwuired to make Judgemen￿ estimates and assumptions abo￿ the canying amount of assets and liabilitie5 that are not readily appareni from other sources. The estimates and a55ociated 8ssumplions are based on historical ewience and other factors that are considered to be relevanL act￿1 results may differ from these es¢imate The ¢S¢imates and undertying asswnpt10￿q aTE r¢viewed on an ￿80]ng b8sis. R¢vi5ions to accounting estimates are recognised in the period in which the &¥ima* is revtsed where the revisi{￿ affects only that peri￿1. or in the wilxl of the revision and firture perio(Ls wh¢r¢ the revision ¥ffe¢ts cwrent and fijture periods. lts¢ome All income is recognised in the Stskment of Financial Artivities once the chariry hos entitlement to the fimd& it is obable that the itKome will be received and the amouni can be m¢aSW￿ reliably. Expendltur¢ Liabililies are reco8ni8¢d as expajdiftwe as sLN)n as thue is a legal or constructive obligation committing the charity io that expenditure. it is probable thai a transfer of economic benefits will be required in s¢ttlernent and ihe amount of the obligation can be me￿wed reliably. ExpuKlilure is accounied ftsr on an a¢¢ruals basis and h&4 been Classified under headings that a8￿C all cost relatrd to the ca*gory. Whe¥¢ costs cannot be direcily a¢tribu*d to particular headings they have been allocated to adivities on a FA%is CO￿￿15t¢nI with the use of resouffts. Tingible fixed assets Depreciation 15 provided ai the followirE anr￿1 rates in orderto WTite off each &8S¢t over its estimaied us¢ful life. Freehold property Fixtu￿5 and fittings not wivid&a 2(PA on Cost No deweciation is provided on freehold property 4 in the opinion of the tr￿tee$ theTe ha5 been an in¢r¢a5e in the value b¢t*ten the date of purchase and the balance sheet dat Fixed asset thvestments Fixed asset inve5thients a￿ Stsled at market value. Related prty exemptlon The Charitsble ¢ompany Iw taken advantage of exemptio￿ uTrJer th¢ of Financial Reporting StandaTd 102 The Finan¢ial Reporting Stsndard applicable in the UK aThl Republic of IrelaThJ'. not to disclos¢ related party transa¢iions with wholly owned subsidiarie5 within th¢ grow. Stoeks Stocks are valued at the Im4tr of CO￿ aThl net realisable valu4 after making due allowan¢¢ for obsolete and slow moving item Taxatlon The charity is exempt from corpAion tax on its ¢lwitable aaivities. continued... AGE CONCERN sfouRBRIDGE AI¥D HALLSOWEN Notss ¢0 the FiD8Dti•l StaienKNts- coTrtlMued for the Yar Ended 31 M*reh 2023 AccouNfINC POLICIES- eomtlnued Fund ateounting Unrestricted fvnds can be w¢d in accordHnce with the charitable objectives * th¢ di5¢rtion of the trwee Restricted funds can only be wed for particular regTiCted purposes within th¢ objects of the charity. Restrictio￿8 arise Sp￿lfied by the donor or when fiJThJs are raised for particular r&wic*d putw)s¢s. Further explanation ofthe nattT¢ and pwpose of eath ffijnd is inclutsj in the notes to th¢ finAncial ststemertts. Going conee At the time of approving the accounts, the tn￿ have 4 r¢89Jnable exi)ectation that the charity has adequate resources 10 conlinue in operntiortaE existence for the forn¢eabl¢ future. Thus the trustees Continue to adop¢ the going con¢ern basis of accounting in preparing th¢ a¢CO￿ OTHER TRADING AcfiviTI 31J.23 31.3.22 Room hire FayresJjumbl¢ sales Mixellaneo￿s(uthy events 21,825 3,891 231 15.475 1.747 25,947 17222 INVEsfMENT INCOME 31J.Z3 31.322 Income from investmerts 42 INCOME FROM CHARITABLE A￿1VIT[F 31J.23 31.3.22 Activity - Income . Income . Income . ITKome Kit¢lKn Exercise (Cornbow) Bowls Keep fitl Yoga Art aTKI crafts Grants- Dudley MBC Gr2t)ts. Jci) retention schme 14,763 7,694 7.479 7213 2399 2.877 6,459 6.454 10,667 415 39,448 33.178 Page 9 continu￿... AGE CONCERN STOURBRIDGE AND HALESOWEN Notes to the Fingnei#l Stslern¢nts- contlnued for the Y¢4T Ended 31 MArcb 2023 RAISING FUNDS R*tsI￿g donatlons 8tsd l¢y¢les 31.3.23 31,3.22 Other fundraising costs Staff costs 2,677 3,304 3.392 1.610 5,981 5,002 CHAIUTABLE AcfIviTIES cosrs Direct Costs (see note 7) - Expenditure 63,412 DIREcf COSTS OF CHARITABLE AcfiviTIES 31.3.23 31.3.22 Staff costs Depreciation (net of grnnts) Kilchen and shop purchAses Activiiies Insurnnce Repairs and maintenan¢e Gos. electricity and wAter Administr4¢ion costs Release of restri¢l¢d fi￿￿5 21,664 2,045 8,815 9,167 1,220 4,494 10,575 3,$94 1,832 16,384 1,342 867 6,471 1.136 3,684 3,729 4.030 1,583 63,412 39,226 NET INCOMEI(EXPENDITURE) i￿ome1(¢xpcnd1tUrCj is slated after ¢har8InW{￿¢dltinB)'. 31.3.23 31.3.22 Depr¢ciation- owned a55ets Independent examiners fee 3,870 720 2.925 720 Page 10 Continued... AGE CONCERN sroURBRII￿E AND HALESOWEN Notes to the Fina•¢i*l Ststen*llts- totttltyued for the Year E#ded 31 M*r¢h 2023 TRusfELS' REMUNERATIOIY AND BENEFrrs No Thjstee received r¢muKration in either2023 or 2022. There w¢re no trusteeg expuw pid for the year ended 31 Mgrth %)23 nor for the year ended 31 March 2022. io. srAFF COSTS WeTe nwle up as follows.. 31J.23 31.3.22 Wages and salaries Volunkers Contractor 17,149 2,490 SJ29 16,095 .567 332 The avern8e monthly number of employees durir8 the )wr was as follow5: 31J.23 31.3.22 Cleri￿1 No empl¢))tes re¢eived ernolumerfs in ex¢eM of £25,OCK). COMPARATIVES FOR THE sfATEMENf OF FINANCIAL ACTIVITIES Unr¢stria￿ Restrlcted fund Total INCOME AND ENDOWMENTS FROM Dtsnatiorks and 8rnnts 2,4r2 857 3,329 Ch•rlt*ble *ttlvl¢i - Income 33,178 33.178 Other trndin8 a¢tivities Inve5thient income Other incom¢ 17222 42 703 17222 42 703 Totsl 53.617 857 54.474 EXPENDITURE ON Raisin8 fvnds 5,002 Ch#rlt*ble *etfvllles - Expendi¢ure 37.643 1.583 39226 T20 T20 Total 43J65 1.583 44.948 Pwll continued... AGE CONCERN STOURBRIDGE AND HALLSOWEN Notes to the FIDan¢ial Ststements- eolltlnued for the Y¢*r Ended 31 2023 ii. COMPARATIVFS FOR THE STATEME￿ OF FINANCIAL A￿1v1T1FS- continued Unr¢stricted R&stri¢ted fi]nd Total fimds Nrf INCOMFJ(EXPENDITURE) 10252 (726) 9.526 RECONCILIATION OF FUNDS Total fimds brought forwdrd 517562 5508 523.070 TOTAL FUNDS CARRIED FORWARD 527.814 4.782 532.596 li TANGIBLE FIXED ASSEIS Fixtures Fre¢hold fi¢tings Totals co At l ApTiI 2022 Additions 41Q402 118285 13,487 534.687 13A87 At 31 March 2023 41&402 131,772 548,174 DEPRECIATION At l April 2022 Char8¢ for year 10&045 76 108,045 3076 At 31 March 2023 111,921 NET BOOK VALUE At 31 March 21V23 416,402 19,851 436,253 At 31 M8r¢h 2022 416.402 10240 426.642 No depre¢ia¢ion is provided on freehold property 4 in the opinion of the trU￿¢¢S there has been an in¢rnse in the value betwren the date of purchase and the bala￿¢ sheet date. Page 12 Continued... ACE CONCERN STOURBRIDGE AND HALESOWEN Notes to the Flnan¢ial Statements- eontlnutd for tbe Y¢ar Ended 31 March 2023 13. UNLISTED Unlisted investments MARKET VALUE At l April 2022 and 31 March 2023 NET BOOK VALUE At 31 March 2023 1,000 At 31 March 2022 1,000 14. STOCKS 31.3.23 31.3.22 Siock$ 400 15. DEBTOILS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.23 31.3.22 Prepayments and ac¢rued income 5,229 5,476 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Trade ¢reditors Social security and other iaxes Other ¢rediiors A¢¢rual$ and d¢f¢rred ￿n￿rne 1,759 221 517 127 221 2.065 2J84 4,364 2.930 17. MOVEMENT IN FUNDS Net movement in funds At 31.3.23 At 1.4.22 Unrestrlel¢d funds General fund 527,814 892 528,706 Restrl¢ted funds Restricted fijnds 4,782 8.129 12,911 TOTAL FUNDS 532,596 9,021 $41,617 Pag¢ 13 continued... AGE CONCERN sfouRBRIDCE AND HALLSOWEIY Nots5 ¢0 tbe FlnaD¢ial Ststements- tontlmD¢d for the Year Ettdtd 31 March 2023 J7. MOVEMENf IN FUNDS- eotttimu¢d movement in fi￿K1% includ&J in the above &$ folltsK: expended in funds Unrestritted fmnds 69.173 (68381) 892 Re5trlcted fuDds 9.961 (1032) &129 TOTAL FUNDS 79,134 (70,1 J3) 9,02A Comp8rntfves for movement tsnds Net movema At 31.322 Ai 1.421 u￿rUt￿eted General fiwwj 517J62 10252 527.814 R¢s¢ricted funds Restricted fvnds 5.508 (726) 4.782 TOTAL FUNDS 523.070 9.526 531596 Comparative net movernent in fimds incI￿jed in the above are as follo￿. Incoming Resources Movema* in ffijnds UDrestriftfd f•nds G¢n¢ra] fjJThJ 53.617 (43J65) 10252 Restrfeted funds 857 (1.583) (726) TOTAL FUNDS 54,474 (44.948) 9.526 Page 14 continued... ACE CONCERN sfouRBRIDGE AND HALFSOWEN l¥o¢ts to the Fingncial StstemeTrts- for the Ye*T ￿￿ded 31 M*tth 2023 i& RELATED PARTY DISCLOSURES There were no related party transactiort% fv th¢ Iw ended 31 MaTth 2023. 19. ULTIMATE CONTrOLLINC PARTY The charity is controlled by its TnL Page 15 AGE CONCERN ￿OuRBRIDGE AND HALLSOWEN Detailed Statsrnemt of FiD4Trci*l Actlvhles for the Year £￿ed 31 Mareh 2023 31.3.23 Tothl 31.3.22 Tot81 Unre5trided Restricted INCOME AND ENDOWMENTS Donatlons grants Donations aThJ grants 1047 9961 3J29 Other tradSng •diYities Room hire Fayr&jumble sales Miscellaneo￿5Undry ev•MS 21J25 3091 231 21J25 15.475 1.747 231 25947 25947 17.222 Ithv¢5tmeTht Ineome Income from investmeNs 42 Ch*ritibie *ttivitks Kitchen Ex¢rcise {Cornix)w) Bowls Keep fiv Yoga Art and craft5 Grntts- Dudley MBC Grants- Job r￿entIOn scheme 14763 7.694 7,479 7313 U99 14.763 7,694 7,479 7313 U99 2.877 6.459 6,454 2.402 10.667 415 39848 39.448 33,178 Other Infome Misce112n¢ous 703 Tolal Ineomltht r¢sourees 69,173 9961 79.134 54.474 EXPENDITURE Ratskng don4tAoDs and legaeks Other fiuthising ¢0sts W Stsff cos 2.677 2,677 3.392 1.610 S981 5.981 5.002 Ch8rltsble •etivititS Wages Depre¢i*ion (net of wts) 21,664 1045 23.709 21.664 1045 23,7119 16,384 1.342 17,726 This PE¢ dou ￿)t ftirni pgrt of the staw finwKial statem￿ts Page 16 AGE CONCERN ￿oURBRIDGE AND HALESOWEN Delailed Stst¢ment of Flnanelal Attlvltles for the Year Ehd¢d 31 Mar¢h 2023 31.3.23 Total fund5 31.3.22 Totsl funds Unr¢striaed Restricted fijnds Cbarllable aetlvltles Brought forward Kitchen and shop purch&8es Activities Insurance Repairs aThJ maintenance electri¢ity and water Adminisrtziion e05ts Relwe of T¢stricted fiEnds 23,709 &815 9.167 1226 4,494 10575 3594 21709 8015 9,167 1,226 4,494 10,575 3,594 1.832 17,726 867 6.471 1.136 3.684 3.729 4,030 1.583 1,832 61.580 1,832 63.412 39226 Support eosts G•vernaTrce costs Independent examiners fee 720 720 720 Total resources expended 68,281 1032 70.113 44,948 Net 892 129 9.021 9.526 This pag¢ does not forni part of the $th￿tOry finartcial ststements Page 17 Ind¢peTrdtRt Report to the TThsltos or Ace CONCERN STOURBRIDGE AND HALESOWEN Independ¢n¢ eiaminees reporl lo ihe Iruu¢es of AGE CONCERN sfouRBRIDGE AND HALESOWEN ('the Comp4ny') I report io the chArity Iru51ces on my examination of the 8¢¢ounis of ihe Company for ihe year ended 31 Ma￿h 202i. li¢sponsibilities and basis of rtport As Ihe chartiy's irusiees of lh¢ Company (at>d also its diTeciots for ihe Purposes of company law) you S￿ responsible for the preparation of the accounts in accordance viith ihe requiremenis of the Companies Act 2006 {'the 21106 Acn. Having satisfied my3elf (hat the accounts of ihe Company are t￿1 requird to be audit￿ under Part 16 of the ?006 Aci and are eligible for indepciideni Exaininaiioo I report in respect of my examination of your charily's accouNs as carricd oui und¢r Swtion 145 of the Charities Act 2011 ('the ?0 I l Act.). In carying oui my ex8minaiion I hav¢ followed th¢ Direciion$ given by the Charity Commission under Section 145(S} (b) of the 2011 Act. Independent exgmlner's st*t¢me41 I have complc¢ed my examinalicjn l ¢onfirin ih?I rK) in*ier5 ￿ve Come io my aiienrion in ¢onn¢ction wilh ihe examination giving me ¢ause io believe: couniing Tecords were not kepi in respeci of ilie Company as required by Sc¢tion 386 of the ?006 Act- or the È¢coun15 do not ￿e0rd wilh ihose records. or the accounts do not Cgmply with ihc accouniing requiremenis of Section 396 of the ?￿6 Acl otl*r than any regULrernenl thai the accoun15 give a true arbd fair view which is not a mall¢r o)nsider¢d as part of an indepeTMleni Lxamination,. or the 3¢¢oun15 have not been prepared in a¢¢ordance with t1￿ mcthod$ arwj prin¢iples of d)e Statement or Recoirtnended PraLiice lor accountinB and rewning by ¢hAritie5 (applicable io charities prep*rin& ih¢ir accoun15 in accordance wilh the Find￿la1 Reportin¥ Siandard applicable in ihe UK and Republic of Ireland (FRS 1021). I have no concem$ and have come across no other mai(eis In Conneciion with Ihe examinalion to which Mieniion should be drawi in this report in order 10 enablc 8 Proper undersianding of Ihe accounts to be reached. Mr L Dalton FCA The In51ilui¢ ofchntted Accouniants in F.nBlaNI znd Wale5 Dalton Pardoe l.imiied Chartered Aceounianis 794 Htgh Sir¢el Kingsivinford West Midlands DY6 8BQ 21 September 2023 Pag¢ 4