OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Age Concern North Norfolk

2021-03-31-accounts

Registered number: 04675599 Charity number: 1097115

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 9
Trustees' Responsibilities Statement 10
Independent Examiner's Report 11
Statement of Financial Activities 12
Balance Sheet 13 - 14
Notes to the Financial Statements 15 - 27

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees Jennie Cummings-Knight MA, MBACP, PGCE, FHEA, Chair
Betty Balding (resigned 10 September 2020)
Mark Danson-Hatcher
Juliet English
Mary Land (resigned 1 May 2020)
Aubrey Poberefsky (resigned 30 May 2020)
Susan Mette (appointed 15 September 2020)
Company registered
number
04675599
Charity registered
number
1097115
Registered office
35b Cremer Street
Sheringham
Norfolk
NR26 8DZ
Manager
Anneliese Maerz
Accountants
MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ

Page 1

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Charity for the year 1 April 2020 to 31 March 2021. 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).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

We regularly review our aims, objectives and activities. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each activity and the benefits they have brought to older people in North Norfolk. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. All our services are available to people in the central portion of the North Norfolk District Council area.

Our objectives as set out in our Articles of Association are to promote the wellbeing of older people in and around North Norfolk by:

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Page 2

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Objectives and activities (continued)

b. Activities undertaken to achieve objectives

Our main activities for achieving our objectives come under the following headings:

  1. Day Centre Hub We offer a full day’s service including breakfast, a home cooked meal for lunch, and a range of activities for customers;

  2. Meals on Heels

This service has been developed further this year during the Pandemic Covid 19

  1. Pop In and Kit Groups (Suspended during the last year due to Covid 19) These are social groups for older people, the Pop In in Cromer and the KIT group in Sheringham. Customers meet for coffee and activities, including trips out

  2. Home Visits (Due to Covid 19, these visits were restricted over the course of 2020) These may include a range of services including accompanying customers to appointments and assistance with routine tasks. Volunteers (fully trained and DBS checked) drop in on a regular basis to befriend customers who may be semi housebound.

Intergenerational Work

We have active links with local schools including Gresham’s and Sheringham High School. The students interact with our clientele for the provision of mutual social support, computer help and craft activities. However, due to Covid 19 the Intergenerational Project did not operate this past year. Our annual Tea Dance was also cancelled.

The main focus of our work for this year has been:

Our Meals On Heels Service and Telephone Support for Clients

We provided lunch and activities for clients for only 3 months of the past year, due to Covid 19 (21 September – 23 December). We are endeavouring to continue to raise our profile in the area by special events, advertising, networking and giving talks to selected groups. We aim to continue to strengthen our links with Dementia Friendly Sheringham and Dementia Friendly Cromer, under the auspices of Age Concern North Norfolk.

We have also attempted the following:

c. Main activities undertaken to further the Charity's purposes for the public benefit

All of our activities further the charity’s purposes for the public benefit. When older people are cared for, with the provision of the range of services that we offer at Age Concern North Norfolk, there is a much wider impact on health services and family and social networks. The dangers of isolation and loneliness are minimised and there is a sense of community cohesion. Older and younger people work together and gain an increased respect for each other.

Page 3

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance

a. Review of activities

BUSINESS PLAN

We are currently using the plan put in place in 2017, which covers a 2017-2020. This plan includes a 3 tier model of service delivery. We will be publishing our updated 2021-2024 Business Plan before the AGM in June 2021.

Level 1 - Services for older people who require support as a result of their physical or mental difficulties. These services will provide support to carers in the form of daily respite relieving them from their intense caring role. Each client will have their care and activities tailor made to meet their individual needs.

Level 2 - A more holistic approach to day services/opportunities to address issues other than health/disability which may have an impact on well-being. This service will aim to support more independent service users who may be isolated and need more inclusion and interaction. This will involve providing support, information, advice, meals, etc. This will include guidance in health and wellbeing and opportunities for therapies, group activities, education and information sessions.

Level 3 - A service which acknowledges that the over 50s of today (future service users) are increasingly more active and looking for services that are geared towards maintaining their health, wellbeing and independent lifestyle, thereby preventing them from being admitted into long term care placements.

PREMISES

The Trustees are pleased to report that the refurbishment of the Good Companions’ Hall, or the Day Services Hub as it is now known, continues with grant funding secured for general refurbishment in a Covid secure manner. In February 2020 a funding bid was prepared through our Fund raising support agency Felton’s. However, due to the Covid 19 pandemic this was effectively put on hold. We have instead successfully applied for emergency funding to help us re-structure our services over the coming year. In addition we are recommissioning the small front office as a Staff Room to enable staff to be better supported during the working day. There will also be an area for study and a dedicated area for the preparation of snacks and drinks, separate to the main kitchen. This is part of our Covid Secure renovations.

DAY SERVICES

The service provides traditional day care for older people, both those with personal budgets and those who self fund. Beneficiaries of the service over the past 12 months are: 2019-2020: 1,228; we are aware that this is a significant reduction over the past year and we will be addressing the possible causes of this in our revised Business Plan for 2021-2024.

General

The trustees became aware during the last quarter of the financial year that our Social Services clients had dropped by approximately 50%. An investigation into this was launched and plans to refresh our contacts within Social Services were made.

Staffing Issue

The Manager raised a Grievance against two trustees in June 2020. A significant data breach was also discovered. A number of external professional HR individuals and a solicitor were procured to formally investigate the situation over a 7 month period, and the manager was dismissed from her post on 13.11.2020 for Gross Misconduct.

A new Manager, Anneliese Maerz, was appointed in February 2021.

The contact with Integrated Care for Social Services customers has been renewed and regular meetings are

Page 4

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

being set up with Ruth Cheese and other staff members. 2020-2021: 200; 2019-2020: 1,435 (2018-2019: 2,590) including lunch and activities (2017-2018: 1761) (20162017: 932)

STAFFING AND TRAINING

Staffing

We have maintained staffing levels over the year

Inhouse Training

Courses Attended by Staff 2020-2021 (items from list below)

Fire Awareness COSHH First Aid Requirements & RIDDOR

Page 5

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

Food Allergy Awareness Food Safety & Hygiene (Level 2) GDPR Essentials Health & Safety Basics & Essentials Health & Safety for Managers Infection Prevention & Control Risk Assessment Safeguarding Vulnerable Adults Moving and Handling Risk assessment in the workplace Coronavirus Awareness Medication Awareness (Care Homes) Level 2 Food Hygiene and Safety for Catering Levels 2 and 3 Hazard Analysis and Critical Control Points Care Certificate: Understand your role

Trustee Training Record

Date Provider Session
5 June 2020 Clapham and Collinge Charities Virtual Legal Update: Covid-19 and Beyond -
21 July 2020 NCC Transformation plan Day centre providers update
1 October 2020 Charities Commission AGM via You tube
October 2020 NCC Infection Control Fund - Day centre providers update
2 December 2020 Norfolk and Suffolk Care Norfolk Care Support group update
Support
26 January 2021 NCC Day centre providers update- Delivery and Finance
5 February 2021 NCC Alcove Video Phones
NCF/ Barclays Philanthropy in a Covid World
23 February 2021 NCF / Birketts Role and responsibilities of Charity Trustees

b. Investment policy and performance

We are a small charity and do not have an active investment policy at the present time. Funds not required for working capital are held on a deposit account.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

The Charity's income comes from sales of day and related services to both Social Services and self-funding clients and from grants and donations. Income as ever remains a challenging issue. We are still reliant on grants to fill the gaps between income and expenditure but are expanding our Meals on Heels service and hope to be up and running by early Summer with the Day Centre open once again.

Page 6

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

b. Reserves policy

The Trustees have designated £4,280 to cover redundancy costs and £30,000 being an estimate of four month's running costs to provide a "buffer" should the application for ongoing grants prove to be unsuccessful. A further £5,000 has been designated for a maintenance fund to cover unforeseen maintenance costs.

As at 31 March 2021, the charity had "free reserves" (being unrestricted funds which have not been designated and are not represented by fixed assets) of £55,542 ( 2020 - £13,355 ).

c. Material investments policy

In accordance with the Memorandum of Association the charity has the power to invest funds not immediately required for its own purposes in or upon such investments, securities or property of whatsoever nature and wherever situate as may be thought fit provided that the Board seek written professional advice, unless concluded that it is unnecessary or inappropriate to do so.

d. Principal risks and uncertainties

The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems have been established to mitigate these risks.

Structure, governance and management

a. Constitution

Age Concern North Norfolk is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 30 January 2003.

b. Methods of appointment or election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

We are currently updating our Trustees Policy which includes the Induction Process.

Over the past year, we have welcomed Susan Mette as a Trustee. Susan has joined us in the role of Marketing Trustee, bringing with her a wealth of general experience from other previous roles.

Betty Balding resigned from the Board of Trustees after a total of 17 years of service, in September 2020.

Juliet English, who joined us in March 2020, assisted in the management of the Day Centre during the time of the suspension of the Manager whilst under investigation and during the Covid 19 pandemic, and gave support to the staff above and beyond the call of duty. She also helped with finance matters. Juliet resigned in March 2021.

Beverley Hopkins joined us following Juliet's departure. Beverley has experience with working with the Deaf and the use of Signage and will be a great help with our target group of older people, many of whom have age related hearing loss.

We continue to attempt to recruit suitable Trustees who have the relevant expertise and human relations skills necessary for the task of helping to run a small charity. North Norfolk has a great many small and medium sized charities and Trustees often have multiple commitments when they join Age Concern North Norfolk.

Page 7

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

We could not operate as a going concern without the support of numerous other volunteers who help in various ways. Some of our volunteers also help with Befriending phone calls.

c. Organisational structure and decision-making policies

The Charity is governed by the Board of Trustees, with the Manager having operational responsibility for staff and services.

The role of the Board of Trustees is defined by the rules set out by the Charity Commission and by our Articles of Association. The Board is responsible for ensuring it has achievable and effective plans in place to govern, manage and deliver services and other activities. Trustees are recruited through open advertisement in local free papers and through word of mouth. All Trustees are encouraged to undertake available training and to fully acquaint themselves with the Charity’s policies and procedures and with Charitable law and regulations.

We work with a network of organisations in the voluntary and statutory sectors to ensure the best outcomes for our target client group. We are part of the unincorporated association of the Assembly of independent Age Concern and Age UK charities.

The General Manager appointed in February 2021 is on a 30 hour contract and there are currently 6 other part time staff (including the Office Manager, Senior Workers, Care Workers, Cook and Cleaner) who are under the management of the General Manager.

The Board oversees the General Manager in all tasks pertaining to the running of services and the recruitment and management of staff.

Plans for future periods

Our challenges for the year ahead are to:

Members' liability

The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in the event of winding up.

Page 8

AGE CONCERN NORTH NORFOLK (A Linmted by Gurntee) TRUSTEES. REPORT ICONTr4UED) FOR THE YEAR ENDED 31 IAARCH 2021 Thanks Thè Trustees WC￿ld hke to thark cu staff Thr￿ the wt wy thallawing yew thoy have wcfked hard to FYomc& the wel b￿g of (lw FE(We mdfe laitt life 8 fLifilllng 8nd enjoyab18 experi￿Ce. We woukj also ￿ke to ttr￿nk al those irMli¥i(Jab ￿ orgwisatK)8 have wovidl S￿iCe6 suppcrt, clten above beyond their cc*rtr8C by rfthe members of the bcwd ofTrusiees WKI their bthalf ty. Jonnie CummlnpKnlght Date.. 15 July 21f21 Page g

AGE CONGERN N(XITH NORFOLK IA Conw UNated by thIr￿J reccr(ts that a￿ lo shw aThJ explain the Charitvs transactions 8TrJ dSscbse Imth reas￿at￿e aolracy at ￿ tine the fIn￿claI positi￿ of the Chwlty and end)le them to ensure that th8 f￿a￿la1 statemerts Ccfflp￿ with t￿ Companies Act 2TrJ6. TFW a150 responsible for safeguardirwJ Ihe assets cl ts Chty KI hertt taktr￿ rea￿natI8 steps fcf the wev¥rtic and dotection of fraLKi and other irTg3ukritie& Apwoved by order Lrfthe merntws ol the board of T￿￿ vJ on Its behdf ty. Jennlo Cwnmlngs-Knlght Date: 16 July 2021

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of Age Concern North Norfolk ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 23 July 2021 Mr F M E Shippam BSc FCA DChA

MA Partners LLP 7 The Close Norwich Norfolk NR1 4DJ

Page 11

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Investments
Total income
Expenditure on:
Raising funds
Charitable activities
5
Total expenditure
Net income/(expenditure)
Transfers between funds
14
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2021
£
96,239
-
-
-
96,239
-
93,074
93,074
3,165
(9,055)
(5,890)
24,677
(5,890)
18,787		 Unrestricted
funds
2021
£
23,614
45,774
-
22
69,410
9,062
31,885
40,947
28,463
9,055
37,518
180,804
37,518
218,322		 Total
funds
2021
£
119,853
45,774
-
22
165,649
9,062
124,959
134,021
31,628
-
31,628
205,481
31,628
237,109		 Total
funds
2020
£
36,827
84,708
153
317
122,005
9,092
130,034
139,126
(17,121)
-
(17,121)
222,602
(17,121)
205,481

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 15 to 27 form part of these financial statements.

Page 12

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee) REGISTERED NUMBER: 04675599

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 549
118,336
118,885
(5,276)		 2021
£
123,500
123,500
113,609
237,109
237,109
18,787
218,322
237,109		 602
82,675
83,277
(5,965)		 2020
£
128,169
128,169
77,312
205,481
205,481
24,677
180,804
205,481

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

Page 13

AGE CONCER14 NORTH NORFOLK (A C￿anY Umited by Guar￿teel REGISTERED NUMBER: 04675699 &4LANCE SHEET ICONTINUED) S AT 31 UARCH 2021 The financial slatwnents were aFvoved aKI for Is5U8 bythe Tru6tees and 8iwed on thelr behalf by. Jennle CUMMIn￿KnIght Date". 15 My 2021 The nc*e8 m psge8 15 to 27 f[￿ pwt of these fin￿￿181 8t&ement& P8ge 14

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

Age Concern North Norfolk is a company incorporated in England and Wales. The registered office and principal place of business is 35b Cremer Street, Sheringham, Norfolk, NR26 8DZ.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Age Concern North Norfolk meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Page 15

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings - 25%

2.6 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.

2.7 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.

2.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 16

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Donations
Grants
Total 2021
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
12,300
13,614
83,939
10,000
96,239
23,614
18,908
17,919		 Total
funds
2021
£
25,914
93,939
119,853
36,827		 Total
funds
2020
£
17,919
18,908
36,827

Page 17

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Income from charitable activities

Income from charitable activities - Day Centre
Income from charitable activities - Other
services
Total 2021
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
36,898
-
8,876
-
45,774
156
84,552		 Total
funds
2021
£
36,898
8,876
45,774
84,708		 Total
funds
2020
£
56,014
28,694
84,708

5. Analysis of expenditure on charitable activities

Summary by fund type

Promoting the wellbeing of older people
Total 2020		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
93,074
31,885
590
129,444		 Total
funds
2021
£
124,959
130,034		 Total
funds
2020
£
130,034

6. Analysis of expenditure by activities

Promoting the wellbeing of older people
Total 2020		 Activities
undertaken
directly
2021
£
73,940
97,668		 Support
costs
2021
£
51,019
32,366		 Total
funds
2021
£
124,959
130,034		 Total
funds
2020
£
130,034

Page 18

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Food
Agency staff
Travel and transport
Other direct costs
Total 2021
Analysis of support costs
Depreciation
Premises
General overheads
Governance costs
7.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
Fees payable to the Charity's independent examiner in respect of:
All other services not included above		 Total
funds
2021
£
62,390
968
5,091
3,151
2,340
73,940
Total
funds
2021
£
6,653
7,195
15,723
21,449
51,020
2021
£
1,800
4,013		 Total
funds
2020
£
90,008
774
-
6,129
757
97,668
Total
funds
2020
£
6,549
7,573
11,917
6,327
32,366
2020
£
930
3,751

Page 19

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
61,745
(137)
782
62,390		 2020
£
87,866
1,093
1,049
90,008

The average number of persons employed by the Charity during the year was as follows:

Charitable activities
Fundrsaising		 2021
No.
4
1
5		 2020
No.
4
1
5

No employee received remuneration amounting to more than £60,000 in either year.

9. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 20

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

10. Tangible fixed assets

Cost or valuation
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Freehold
property
£
108,578
-
108,578
-
-
-
108,578
108,578		 Fixtures and
fittings
£
45,531
1,984
47,515
25,940
6,653
32,593
14,922
19,591
2021
£
-
45
504
549		 Total
£
154,109
1,984
156,093
25,940
6,653
32,593
123,500
128,169
2020
£
98
-
504
602

11. Debtors

Page 21

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Creditors: Amounts falling due within one year

Trade creditors
Other creditors
Accruals and deferred income		 2021
£
2,845
272
2,159
5,276		 2020
£
3,976
279
1,710
5,965

13. Financial instruments

2021 2020
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 118,336 82,675

Financial assets measured at fair value through income and expenditure comprise cash at bank and in hand.

Page 22

AGE CONCERN NORTH NORFOLK

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Designated funds
Redundancy
Maintenance
4 months running costs
General funds
Unrestricted funds
Total Unrestricted funds
Restricted funds
Cromer
KIT Club
Big Lottery - Intergenerational
Norfolk Community Foundation
("NCF")
NCF - Silk Purse
Lunch Club and Befriending
services
Good Companions Lunch Club
Connecting Older People
NCF - Community Outreach
NCF - COVID
Garfield Weston
CAF Coronavirus Emergency
The Edward Gostling
Souter
NCC Infection Control
NCF - Winter Resilience
Independent Age		 Balance at 1
April 2020
£
4,280
5,000
30,000
39,280
141,524
180,804
611
292
1,916
3,500
2,500
1,000
2,000
9,908
2,950
-
-
-
-
-
-
-
-		 Income
£
-
-
-
-
69,410
69,410
-
-
-
-
-
-
-
-
-
10,500
10,000
9,972
3,800
2,000
12,922
5,000
5,545		 Expenditure
£
-
-
-
-
(40,947)
(40,947)
(611)
(292)
(1,916)
(3,500)
-
(1,000)
-
-
(2,950)
(10,503)
(10,219)
(10,522)
(3,861)
(2,020)
(12,446)
(5,000)
(4,910)		 Transfers
in/out
£
-
-
-
-
9,055
9,055
-
-
-
-
-
-
-
(9,908)
-
3
219
550
61
20
-
-
-		 Balance at
31 March
2021
£
4,280
5,000
30,000
39,280
179,042
218,322
-
-
-
-
2,500
-
2,000
-
-
-
-
-
-
-
476
-
635

Page 23

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Statement of funds (continued)

Statement of funds - current year (continued)

Mrs Smith & Mount Trust
Green Hall Foundation
National Lottery - Outreach
Total of funds		 Balance at 1
April 2020
£
-
-
-
24,677
205,481		 Income
£
2,500
4,000
30,000
96,239
165,649		 Expenditure
£
(1,250)
-
(22,074)
(93,074)
(134,021)		 Transfers
in/out
£
-
-
-
(9,055)
-		 Balance at
31 March
2021
£
1,250
4,000
7,926
18,787
237,109

Page 24

(A Company Limited by Guarantee)

AGE CONCERN NORTH NORFOLK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

14. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Redundancy
Maintenance
4 months running costs
General funds
Unrestricted funds
Total Unrestricted funds
Restricted funds
Cromer
KIT Club
Big Lottery - Intergenerational
Norfolk Community Foundation ("NCF")
NCF - Silk Purse
Lunch Club and Befriending services
Good Companions Lunch Club
Connecting Older People
NCF - Community Outreach
Total of funds		 Balance at
1 April 2019
£
4,280
5,000
30,000
39,280
177,119
216,399
611
176
1,916
-
-
-
-
-
3,500
6,203
222,602		 Income
£
-
-
-
-
102,941
102,941
-
156
-
3,500
2,500
1,000
2,000
9,908
-
19,064
122,005		 Expenditure
£
-
-
-
-
(138,536)
(138,536)
-
(40)
-
-
-
-
-
-
(550)
(590)
(139,126)		 Balance at
31 March
2020
£
4,280
5,000
30,000
39,280
141,524
180,804
611
292
1,916
3,500
2,500
1,000
2,000
9,908
2,950
24,677
205,481

Page 25

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

15. Summary of funds

Summary of funds - current year

Designated funds
General funds
Restricted funds		 Balance at 1
April 2020
£
39,280
141,524
24,677
205,481		 Income
£
-
69,410
96,239
165,649
Balance at
1 April 2019
£
39,280
177,119
6,203
222,602		 Expenditure
£
-
(40,947)
(93,074)
(134,021)
Income
£
-
102,941
19,064
122,005		 Transfers
in/out
£
-
9,055
(9,055)
-
Expenditure
£
-
(138,536)
(590)
(139,126)		 Balance at
31 March
2021
£
39,280
179,042
18,787
237,109
Balance at
31 March
2020
£
39,280
141,524
24,677
205,481
Summary of funds - prior year
Designated funds
General funds
Restricted funds

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2021
Unrestricted
funds
2021
£
£
-
123,500
18,787
100,098
-
(5,276)
18,787
218,322		 Total
funds
2021
£
123,500
118,885
(5,276)
237,109

Page 26

AGE CONCERN NORTH NORFOLK (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2020
£
-
24,677
-
24,677		 Unrestricted
funds
2020
£
128,169
58,600
(5,965)
180,804		 Total
funds
2020
£
128,169
83,277
(5,965)
205,481

17. Pension commitments

The Charity 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 to the fund and amounted to £782 ( 2020 - £1,049 ). No amounts were payable to the fund at the balance sheet date.

18. Related party transactions

The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 March 2021.

Page 27