2022-03-31-accounts - Age UK Trafford

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

Index to the	Financial	Statements	Statements		Page
Legal and administrative			information
Chair's report
Report ofthe	Trustees
Independent	Auditor's	Report			14
Consolidated	Statement		of Financial Activities		18
Consolidated	Balance	Sheet			19
Charity Balance Sheet					20
Consolidated	Statement		ofCash Flows		21
Notes to the	consolidated		financial	statements	22 —45

rthe year ended 31 March 2	022
				Restricted	Unrestricted
				Funds	Funds	Total	Total
				2022	2022	2022	2021
			Note			6	E
Income
Income from generated funds: Donations and legacies Other trading activities Investment income					9,896 67,891 1,090	9,896 67,891 1,090	14,235 45,381 2,082
Income from charitable activities				63,495	719,016	782,511	814,456
Total income				63,495	797,893	861,388	876,154
Expenditure on: Raising funds Charitable activities				59,444	67,969 671,191	67,969 730,635	141,965 641,180
Total expenditure				59,444	739,160	798,604	783,145
Other finance costs					7,000	7,000	8,000
Net income				4,051	51,733	55,784	85,009
Transfers between funds
Other recognised gains and	losses
Gains on revaluation of investments			12		27,675	27,675	45,919
Actuarial loss on defined	benefit
pension scheme			19		(13,000)	(13,000)	(9,000)
Net movement in funds				4,051	66,408	70,459	121,928
Reconciliation offunds
Total funds brought forward 1 April 2021	at		17		1,771,946	1,771,946	1,650,018
Total funds carried forward		at
31 Nlarch 2022			17	4,051	1,838,354	1,842,405	1,771,946

							2022		2021
							E
					Note
Fixed assets
Tangible assets Intangible assets Investments					11a 11b 12		826,433 9,883 265,505		859,449 2,547 237,830
							1,101,821		1,099,826
Current assets
Debtors					13	76,801		69,305
Cash at bank and	in hand					875,550		760,797
						952,351		830,102
Creditors: amounts		falling		due
within one year					14	(211,767)		(146,982)
Net current assets							740,584		683,120
Net assets excluding liability			pension				1,842,405		1,782,946
Pension liability					19				(11,000)
Net assets including liability			pension				1,842,405		1,771,946
Income funds					17
Restricted funds							4,051
Unrestricted funds:
Designated funds Other charitable funds							1,231,958 605,401		1,210,865 571,037
Non-charitable	trading	funds					995		1,044
							1,842,405		1,782,946
Defined benefit	pension		scheme
liability									(11,000)
							1,842,405		1,771,946

					2022		2021
			Note		E		E
Fixed assets
Tangible assets Intangible assets			11a 11b		826,433 9,883		859,449 2,547
Investment			12		265,507		237,832
					1,101,823		1,099,828
Current assets
Debtors			13	76,850		69,318
Cash at bank and in hand				874,506		758,600
				951,356		827,918
Current liabilities
Creditors: amounts	falling	due within
one year			14	(211,767)		(145,841)
Net current assets					739,589		682,077
Net assets excluding		pension			1,841,412		1,781,905
liability
Pension liability			19				(11,000)
Net assets including liability		pension			1,841,412		1,770,905
Funds			17
Restricted funds					4,051
Unrestricted funds:
Designated funds Other charitable funds					1,231,958 605,403		1,210,865 571,040
					1,841,412		1,781,905
Defined benefit	pension	scheme
liability							(11,000)
					1,841,412		1,770,905

ONSOLIDATED STATEMENT OF orthe year ended 31 March 2022	CASH	FLOWS
			2022	2021
				E
Cash flows from operating activities:
Net income			70,459	121,928
Adjusted for: Depreciation and amortisation			42,615	40,778
(Gain)/loss on investments			(27,675)	(45,919)
Defined benefit pension scheme			(11,000)	2,000
Investment income			(1,090)	(2,082)
(Increase)/decrease in trade	and	other	(7,496)	14,006
receivables
Increase in trade and other payables			64,785	69,687
Net cash inflow from operating activities			130,598	200,398
Cash flows from investing activities
Purchase offixed assets			(16,935)	(2,560)
Interest received			1,090	2,082
Cash outflows from investing activities			(15,845)	(478)
Net increase in cash &cash equivalents			114,753	199,920
Opening cash 8 cash equivalents			760,797	560,877
Closing cash &cash equivalents			875,550	760,797
			114,753	199,920
Cash and cash equivalents consist of:
Cash at bank and in hand			875,550	760,797

		Restricted	Unrestricted	Total	Total
		funds	funds	2022	2021
		E			8
Donations			8,896	8,896	14,235
Legacies			1,000	1,000
			9,896	9,896	14,235
NCOME FROM INVESTMENTS
		Restricted	Unrestricted	Total	Total
		fundsf	funds 8	2022 E	2021 8
Bank interest			1,079	1,079	2,082
Dividend	income		11	11
			1,090	1,090	2,082

					Restricted	Unrestricted	Total	Total
					funds	funds	2022	2021
					6	E		6
Grants
Trafford CCG:
Day Support						52,992	52,992	52,000
MDT training						1,000	1,000
Trafford Council:
Day Support Falls Prevention						15,540 59,440	15,540 59,440	6,978 43,440
Home Library						27,500	27,500	27,504
Tap Funding						12,000	12,000	12,000
Gazebo						1,024	1,024
Rspurposed MWAP Homecare transformation								13,500 16,667
Volunteer recruitment						3,518	3,518
Falls booklet						1,776	1,776
Recruitment	event					230	230
Healthy Lifestyles						19,160	19,160	13,000
Trafford Council I Trafford			CCG
(joint funded): Dementia Adviser		Project				116,000	116,000	116,000
Skills for Care						13,654	13,654	6,857
South Trafford Primary			Care
Network:
Social Prescribing						62,733	62,733	61,930
Trafford West Primary			Care
Network
Social Prescribing						36,192	36,192	11,847
Age UK Eon Benefits	Advice				17,298		17,298	11,966
Sustainability								8,975
Walking Football					3,628		3,628
Private Payers Day	Support					141,246	141,246	59,851
Ambition for Ageing					2,000		2,000
Age UK Salford Hydration	Nutrition			&		5,400	5,400
DWP Kickstart					22,708		22,708
Trafford Collective		Partner
Payment Salford CVS History	Makers					6,500	6,500	2,500 1,250
Other income					700	38,376	39,076	23,666
					46,334	614,281	660,615	489,931
Covid-19 funding (see note 4b)					17,161	104,735	121,896	324,525
					63,495	719,016	782,511	814,456

			Restricted	Unrestricted	Total	Total
			funds 8	funds 6	2022f	2021 F
Grants
Trafford CCG:
Covid-1 9grant						9,007
Trafford Council:
Covid Hub				38,993	38,993	8,799
Inclusive Neighbourhoods						2,000
Get Connected				28,405	28,405
Workforce Retention		&
Recruitment			7,058		7,058
Winter Resilience				18,500	18,500
Household Support Fund Covid Support Infection Control			5,000	4,735 8,039	5,000 4,735 8,039	19,250
VCSE Digital grant						4,992
Telephone CEV/Shielding	Support					15,998
Age UK Covid Emergency Winter Health HMRC CJRS/SSPRS	Appeal		1,000 1,475		1,000 1,475	37,890 77,615
Tralford Housing Trust Covid-19 funding Sport England Age UK Manchester Ambition for Ageing			2,628	89 640	89 2,628 640	3,400 3,585 1,500
National Lottery
Social Enterprise Fund	Support					56,842
Community Fund						40,892
Non-essential	Retail
Government grants Forever Manchester				5,334	5,334	39,434 2,971
Shell Benevity						350
			17,161	104,735	121,896	324,525

he profit	and loss account for t	he year ended 31 March 202	2 is as follows:
			2022 6	2021f
Turnover
Operating	costs		(49)	(1,153)
Retained	loss in the subsidiary	for the year	(49)	(1,153)

The assets	and l	iabili	ties	Age UK Trafford (Trading) Limite	d at 31 March 2022 were	:
					2022	2021
					6	6
Current assets					1,044	2,197
Creditors:	amounts		falling	due within one year	(49)	(1,153)
Total net assets					995	1,044
Aggregate	share of		capital	and reserves	995	1,044
GOVERNANCE		COSTS
					2022	2021
					6	6
Staff costs					5,206	5,984
Legal and Office and	professional fees communication costs				12,162 1,185	13,388 848
					18,553	20,220

			Ih		'0 0	Ol Ol 8t
	0 00 0	0	8 IL	00 Ol0 E0	lo ol 0 '0 cC	0 0 lO 0 00 0	2022 Total	2021 Total
Costs of
generating
funds
Fundraising	58		157	739			954	2,118
Charity shops	42,545	827	11,055	5,915	6,624		66,966	138,694
Commercial
trading operation						49	49	1,153
	42 603	827	11212	6654	6673		67969	141,965
Charitable
activities
Enabling older people	545,758	1,158	49,038	107,697	8,431		712,082	620,960
Governance
costs	5,206		137	604	12,606		18,553	20,220
	550,964	1,158	49 175	108,301	21,037		730,635	641,180
Total
expenditure	593567	1 985	60,387	114,955	27710		798,604	783 145

Total expe	nditure ofth	e charity and the subsidiary includes:
			2022f	2021f
Auditor's	remuneration	—audit and accounting fees	8,280	9,000
Auditor's	remuneration	—other non audit fees		420
Depreciation and amortisation Operating leases			42,615 20,872	40,778 32,509

			2022	2021
			E	6
Salaries and wages Social security costs Pension contributions			508,029 34,285 40,517	484,475 30,620 38,054
Funding actuarial deficit			30,924	15,462
			613,755	568,611
Adjustment from movement	in defined benefit pension scheme
valuation			(31,000)	(15,000)
			582,755	553,611
The average weekly number	ofemployees	during the year was:	Number	Number
Management and administration Trading operations Community based operations			2 3 18	2 5 17
			23	24

							Consolidation
2022				Charity		Company	adjustments	Total
				funds		funds	2022	2022
				K		E	E	E
Income				861,388				861,388
Expenditure			(798,555)			(49)		(798,604)
Net income				62,833		(49)		62,784
Gain on	investment			27,675				27,675
Other finance costs				(7,0DO)				(7,000)
Actuarial	loss			(13,0DO)				(13,000)
Retained	resources	for the year		70,508		(49)		70,459
urther details ofthe		results ofthe trading		subsidiary		are set out in	note 5.
here were no other		differences	in the movements		in	funds between	the Charity and the group.
							Consolidation
2021				Charity		Company	adjustments	Total
				funds		funds	2021	2021
				K		6	E	F
Income				876,154				876,154
Expenditure			(781,992)			(1,153)		(783,145)
Net income				94,162		(1,153)		93,009
Gain on	investment			45,919				45,919
Other finance costs				(8,000)				(8,000)
Actuarial	loss			(9,000)				(9,000)
Retained	resources	for the year		123,081		(1,153)		121,928

Group and Charit	y
		Long			Leased
		leasehold	Motor	Fixtures &	building
		buildings	vehicles	equipmentf	alterations	Total
Cost
At 1 April 2021 Additions		936,737 3,757	67,852	67,097	12,204	1,083,890 3,757
Disposals				(6,766)		(6,766)
At 31 March 2022		940,494	67,852	60,331	12,204	1,080,881
Depreciation
At 1 April 2021 Charge for year Disposals		100,865 18,747	48,260 16,168	63,112 1,858 (6,766)	12,204	224,441 36,773 (6,766)
At 31 March 2022		119,612	64,428	58,204	12,204	254,448
Net book amount	at 31
March 2022		820,882	3,424	2,127		826,433
Net book amount	at 31
March 2021		835,872	19,592	3,985		859,449

NTANGIBLE FIXEDASSETS Group and Charity
	Software
Cost
At 1 April 2021	10,188
Additions	13,178
At 31 March 2022	23,366
Amortisation
At 1 April 2021	7,641
Charge for year	5,842
At 31 March 2022	13,483
Net book amount at 31 March 2022	9,883
Net book amount at 31 March 2021	2,547

S TO THE CONSOLIDATED FINANC e year ended 31 March 2022	S TO THE CONSOLIDATED FINANC e year ended 31 March 2022	S TO THE CONSOLIDATED FINANC e year ended 31 March 2022	IAL STATEMENTS
FIXEDASSET INVESTMENTS
The group					2022 Total	2021 Total
					E	6
Market value at 1 April 2021 Gain/(loss) on investment					237,830 27,675	191,911 45,919
Market value at 31 March		2022			265,505	237,830
The Charity
As above					265,505	237,830
Investment	in subsidiary	company (see below)			2	2
					265,507	237,832
						Reserves
			Class of	Proportion		31 March
Name			shares held	held		2022
						8
Age UK Trafford (Trading)		Limited	Ordinary	100/0		993

	The Group		The Charity
	2022	2021	2022	2021
	E	E	E	E
Other debtors	3,575	6,763	3,575	6,763
Amounts owed by Age UK Traiford (Trading) Limited Prepayments and accrued income	73,226	62,542	49 73,226	13 62,542
	76,801	69,305	76,850	69,318

CREDITO	RS: AMOUNTS FALLING	DUE WITHIN	ONE YEAR
		The	Group	The Charity
		2022 E	2021 6	2022 K	2021f
Accruals		89,462	70,562	89,462	69,421
Deferred	income (see below)	122,305	76,420	122,305	76,420
		211,767	146,982	211,767	145,841
DEFERRED INCOME —GROUP AND CHARITY

EFERR	ED INCO	ME —GROUP AND CHARITY
			2022	2021
			8	E
Balance	at 1 April	2021	76,420	21,433
Amount	released	to income	(76,420)	(21,433)
Amount	deferred	in the year	122,305	76,420
Balance	at 31 March 2022		122,305	76,420

l assets	measured at amortised cost:
		The	Group	The	Charity
		2022f	2021f	2022f	2021f
Included	within debtors and cash at
bank and	in hand	945,344	822,807	944,349	820,623

			The	Group		The	Charity
			2022f		2021f	2022f		2021f
Included	within	creditors	89,427		68,141	89,427		67,000

GROUP
						Balance at		Expenditure	Balance at
						31 March	Income	incl losses &	31 March
						2021	incl gains	transfers	2022
						E	E	6	8
Restricted
DWP Kickstart							22,708	(22,708)
Walking Football							3,628	(3,628)
Eon							17,298	(17,298)
Other non-Covid		related					2,700	(2,700)
Household Support Other Covid related			Fund income				5,000 12,161	(949) (12,161)	4,051
							63,495	(59,444)	4,051
Unrestricted
Designated funds:
Project development continuity Fixed asset fund			and services			313,199 861,996	318,654	(279,627) (25,680)	352,226 836,316
Sharpies building		fund				35,670	26,764	(19,018)	43,416
						1,210,865	345,418	(324,325)	1,231,958
Other charitable		funds				571,037	480,150	(445,786)	605,401
						1,781,902	825,568	(770,111)	1,837,359
Non-charitable	trading			funds		1,044		(49)	995
						1,782,946	825,568	(770,160)	1,838,354
Total funds before			defined		benefit
pension liability						1,782,946	889,063	(829,604)	1,842,405
Defined benefit	pension			liability		(11,000)		11,000
Total funds						1,771,946	889,063	(818,604)	1,842,405

building over	the next 12 months.
Movement	offunds - group	2022 E	2021 E
Funds at 31	March 2021	1,771,946	1,650,018
Surplus in the year to 31 March 2022 Recognised gains and losses (net)		55,784 14,675	85,009 36,919
Funds at 31	March 2022	1,842,405	1,771,946

NDS continued ofnet assets between funds
2022	Unrestricted	Restricted	2022
	funds	funds	Total
		E	6
The group Tangible fixed assets	826,433		826,433
Intangible fixed assets Investments	9,883 265,505		9,883 265,505
Net current assets	736,533	4,051	740,584
Pension liability
	1,838,354	4,051	1,842,405
The Charity Tangible fixed assets Intangible fixed assets Investments	826,433 9,883 265,507		826,433 9,883 265,507
Net current assets	735,538	4,051	739,589
Pension liability
	1,837,361	4,051	1,841,412
2021	Unrestricted	Restricted	2021
	funds	funds	Total
	8		E
The group Tangible fixed assets Intangible fixed assets Investments	859,449 2,547 237,830		859,449 2,547 237,830
Net current assets	683,120		683,120
Pension liability	(11,000)		(11,000)
	1,771,946		1,771,946
The Charity Tangible fixed assets Intangible fixed assets Investments	859,449 2,547 237,832		859,449 2,547 237,832
Net current assets	682,077		682,077
Pension liability	(11,000)		(11,000)
	1,770,905		1,770,905

The major assumptions u	sed by the actuar	y w	ere	:
				31 March	31 March		31 March	31 March
Assumptions as at				2022		2021	2020		2019
Rate ofincrease to pensions in payment members who left service before 6/4I97		for		3.6%		3.1%	30%		34%
Discount rate for scheme	liabilities			2.8%		2.1%	2.2%		2.4%
Inflation (RPI)assumption				3.6%		3.1%	2.8%		34%
The mortality assumptions	for the disclosures		at	31 March 2022		were:
31 March 2022	31 March	2021		31	March 2020		31	March 2019
95% of S3P base	95% of S3P	base		S3P base		tables	S2P base		tables
tables projected by	tables projected		by	projected	by	year of	projected	by	year of
year of birth assuming	year of birth assuming			birth assuming future			birth assuming		future
future improvement in line with CMI 2021	future improvement in line with CMI 2020			improvement in line with CMI 2019 core			improvement in line with CMI 2018 core
core projections with a	core projections	with	a	projections		with a	projections		with a
long-term rate of improvement of 1.0%	long-term rate of improvement of 1.0%			long-term improvement		rate of of 1.0%	long-term rate of improvement of 1.0%
pa.	pa.			pa.			pa.
The assumed life expectancies retirement at age 65are:		on	31 March 2022		31 March 2021		31 March 2020	31 March 2019
Retiring today - males Retiring today - females Retiring in 20 years - males Retiring in 20 years - females				87.1 89.5 88.1 90.6		87.1 89.4 88.1 90.6	86.7 89.0 87.7 90.2		86.3 88.2 87.3 89.4

RETIREMENT	BENEFIT	Scontinu	ed
Analysis ofthe	amounts	charged	to operating	surplus
				2022		2021
				E'000		E'000
Administration	expenses
Total operating	charge recognised		in Statement	of Financial
Activities
Analysis ofthe	amounts	credited	i(charged)	to other comprehensive	income
				2022		2021
Taken to other comprehensive income				E'000		E'000
Actual return on pension		scheme	assets			121
Less: amounts	included	in net interest on the
net defined benefit liability				(29)		(29)
Remeasurement	gains	and losses
recognised in	other comprehensive
income				40

nalysis osses	of the	amou	nts includ	ed wit	hin the statem	ent of total recognis	ed gains
						2022	2021
						E'000	E'000
Actual	return	less	expected	return	on
pension	scheme	assets				40	92
Experience gains and scheme liabilities			(losses) arising on		the	39	(101)
Change	in effect	ofasset ceiling				(92)
Actuarial	loss					(13)	(9)

hanges in the fai	r value of plan assets are analysed	as follows:
		2022	2021
		E'000	E'000
Assets in scheme	at start ofyear	1,403	1,316
Movement in year: Interest income	on scheme assets	29	29
Actuarial gain/(loss) on scheme assets Contributions by company		40 31	92 15
Benefits paid		(45)	(41)
Administration	costs	(7)	(6)
Assets in scheme	at end of year	1,451	1,403

Changes in the present value o	fthe	defined benefit o	bligations are analyse	d as follo
			2022	2021
			5'000	5'000
Liabilities in scheme at start of year			1,414	1,325
Movement in year: Interest cost			29	29
Experience (gains)/losses	on	scheme	(39)	101
liabilities
Benefits paid			(45)	(41)
Liabilities in scheme at end ofyear			1,359	1,414
Movement in deficit during the	year
			2022	2021
			E'000	E'000
Deficit in scheme at start ofyear				(9)
Movement in year:
Current service cost etc			(7)	(6)
Contributions			31	15
Actuarial gain/(loss)			79	(9)
Change in effect ofasset ceiling			(92)
Deficit in scheme at end ofyear

. PRIOR YEAR CONSO	LID	ATED STATEMEN	T OF FINANCIAL	ACTIVITIES
			Restricted	Unrestricted
			Funds 2021	Funds 2021	Total 2021
				E
Income
Income from generated funds Donations and legacies				14,235	14,235
Other trading activities				45,381	45,381
Investment income				2,082	2,082
Income from charitable activities			204,985	609,471	814,456
Total income			204,985	671,169	876,154
Expenditure on: Raising funds				141,965	141,965
Charitable activities			209,823	431,357	641,180
Total expenditure			209,823	573,322	783,145
Other finance costs				8,000	8,000
Net income/(expenditure)			(4,838)	89,847	85,009
Transfers betweenfunds
Other recognised gains and		losses
Gains on revaluation of investments				45,919	45,919
Actuarial (loss) on defined	benefit pension
scheme				(9,000)	(9,000)
Net movement in funds			(4,838)	126,766	121,928
Reconciliation offunds
Total funds brought forward 1 April 2020		at	4,838	1,645,180	1,650,018
Total funds carried forward		at 31 March
2021				1,771,946	1,771,946