Company re8isrraiion number.. 04969814 Charity registration rtumber.. [109346 Age Concern Sandwich Centre for the Retired (A company limiied by guarantee) Annual Report and Financial Statemen for the Year Ended 31 M?h 2021 Batchelor Coop Ltd Chartered Accouniani The New Barn Mill Lane Ea51ry Sandwi¢h Keni CT130JW *AAgJ)ZEkl" 29107r2021 COMPANIES HOUSE A20
114
Age Coneern Sandwich Centre for the Retired Contents Reference and Adminisiraiive Dethils Tnjsrees, Report 2to5 Ind¢pend¢nt Exarninerfs R¢pon Statement of Financial Activities Balance Sheet to9 Notes io ihe Financial Statements Ioto 17 Charity status 10
Age Concern Sandwieh Centre for the Retired Reference and Administrative Details Trustees J O Sneller FT1¢5 Chairrtian P G Graeme P Haryis J E Franklin L C Odonahue J Male5 Secretary P G Graeme Principal Olet Sneller House 19-21 Cattle Mark Sandwich CT139AP The charity is incorporaied in England and Wales. 04969814 Company Registr•tion Number Charity Registr8tion Number 109346 Solieitors Stilwell and Singleton Potter Street Sandwich CT13 9DR BAnkers HSLIC 9 R¢)5e Lane Canterbury Keni CTI 2JP Auditor Baichelor Coop Lid Chartered Accounlant The New 8am Mill lane Easiry Salldwich Keni CT130JW Page I
Age Coneern Sandwich Centre for the Retired Trustees, Report The trustees, who are directors for ihe purposes of company Ipw. pr¢sent the anllual report together with the rinan¢ial stat¢Tnents of ihe charitable company for the year ended 31 March 2021. Objectives 8nd aclivit•es The objeciive5 of Age Concem Sandwich Centre for the Retired remain unchanged and are to promote the welfare of ihe over 50s in Sandwich and the surrounding villages, and offer chiropody, hairdressing, curative therapy. talking thcrapy, bathing. hoi meals. transport. Meals on Wheels. Befriending. Personal IDdepend¢nc¢ Co-ordinaior and an advice service from Ihe Day Cenrre. We also wel¢om¢ people who ju51 pop for snacks and drinks. In addition, we offer a wide range of social activiiie5 boih wiihin the Centre Such a5 Chair Yoga and SCTabble club5. The Chief Officer5 work closely with the Staiurory Bodies. Voluntary Organizaiions. General Practitioners. Carers and Families in the hope thai no one 15 left in need. However. for the fflajority of the lasi year. during the devasiaiing Covid Pandemic. effeciively ihe Cenrre has been closed bui continued 10 operaie a Meals on Wheels Service. Befriending. Service. Prescription and Shopping services in accordance wilh Governmenl Covid guidelines. Respite care for those living wirh a Dementia and their careys ig offered through ihe Sunflower Centre. This too has been c105ed for most of Ihe year due to the pandemic, although d¢mand is consistent. The Centre hope5 to expand on this highly Successful service although this has been very limited to ielephone conraci and other contact within Covid guidelines duriT2g the lockdown periods. The Day Centre 15 managed by TWO Chief Offic¢r5 who job share. They martage ihe Day Cenire Manager. Sunflower Cenrre Manager. siatT and a team of volunteers who work io fijlfill our aims. The Chief OITicers are Mrs Tracey Ward and Mrs Jane Goring. MTS. Goring reiired in December 2020 and Trusiees and 011 staff ¥nd ¢usiomers thank her for her loyal service since 2013 and wish her # happy and peaceful retirement. All Siaff work excepiionally well as a well organized ream io provide probably the besi Age Concern facilities in Kent. We are a150 Friends of Age UK. As a condition of our Grant we work io a Service Level Agreemeni sei down by Keni Counry Council, Social Services Depameni. We have 8 curreni Health & Safety Policy and an up to date Fire Procedure. We have adopted.an Equal Opportunkiie5 Policy. All policies have been thoroughly reviewed in ihe lasi year and are ¥ll up to dai¢. Public benefit The trustees confirni that they have complied wirh the requiremenis of section 17 of the Charities Act 201 I to have due re8ard 10 the public benefit guidance published by the Charity Commis5Lon for England and Wales. Page ?
Age Concern Sandwich Centre for the Retired Trustees, Report Achievemtnts 8thd perform#nee Sin¢¢ April 1st 2004 the Cenire has been operated by Age Concern Sandwich Centre for the Retired, a ¢ompany limited by guarantee and has registered this company wilh the Charities Commission. As Stated in previous years we are unable to extend our facilitie5 further due to the structural Size of the premises. However we continue srriving io maintain a comfortable, clean and welcoming Centre for our clients. All staff hws r¢ceived appropriat¢ training all aspecis of their jobs and further training is planned. Age Concern Sandwich Cenire for the Retired runs two Charity Shops in Sandwich that continue to be invaluable in financially supponing the Day Centre. The Charity Shops in Marker Street and Cattle Market ¢ontinue to make a great contribution to the Centre's finances. The 5hop5 have not been able lo contribute 85 in the pasi to the Centre's Finances this financial year due 10 Covid but to mitigate cosrs lh¢ H¢ad of Retail h&% been Furloughed during the lockdown periods. Both ihe Day Cenire and Charity Shops coniinue io rely heawily on ihe invaluable help given by our volunteers who work tirelessly for our cause. These volunieers are overseen by rhe Day Centre Chief OffJcer5 and Head of R¢iail who have day to day responsibility for all matter5 relaiing to ihe Centre and Chariry Shop5. None of our volunEeers are eypecred io lift, bath or toilet any clients due io the frdct that the majority are elderly p¢opl¢ them5elve5. They do however work in our Hairdressing Salon, the Kitchen, Refreshment Counter. Minibus and Charity Shops. Finaneil review Age Concern Sarbdwich Cenrre for The Reiired has an annual grani from Kenr Counry Council Social Services. The Tru5tee5 continue to review fully Ehe fjnances of the Charily. The assets held by Age Concern Sandwich Cenire for The Reiired will conlinue to be used io carry out the Centre's objectives. During ihe year income exceeded expendiiure by £176 969 increasing the r¢5erves brought fonydrd of £487.601 to give £umaulative reserves at 3 1 March 2021 of £664.570. Policy on reserves Our policy is 10 continue buildin8 up reserves io a level by means of annual operating surpluse5 and judi¢iou5 man3gemeni of our invesmient assets. There are no plans for any major capital Investmen or expenditure in the comin8 year. Structure. governance and man#gemeni Recruitrnent and appointment of trustees The centre has wlici¢s and procedures in place for recruiting and indLKiion. and training of new Trusrees. Arrgngemettts forsetting key mnAgemeTrl personnel remuntratio Remuneration of Staff at all levels 15 reviewed at leasi annually in accordance wilh policies set our and agreed by Tnlee5. Page 3
Age Concern Sandwich Centre for the Retired TThstees' Report OrgaDi59¢ional 51ructure In relation 10 the struciur¢ and administration of the Trust and the Company. th¢re h#v¢ been no ¢hang sin¢e our report last year. The assets of the cornpany are vesred in company-regisiered rtumber 4969814 named Age Concern Sandwich Cenire for ihe Reiired. The company is limited by guaran(ee and is registered as a charity number 1109346. Moderniution of the Centre We coTrtiTrue co improve (he eximing Centre and make our faciliiies attraciive noi only io our existing clients bui io the public in Sandwich in 8eneral. We have a rollin8 rnaintenance pro8fdrn and plan 10 generally improve the condiiion of rhe Cenire (o increase its popularsty. Fund Ateoullling The directors maintain a restricted fund to cover the running c0515 incurr¢d in respect of the minibus. Appeal Funds raised will also become restricted fvnds Rlsk Management The TTU$tees examine the major ri5k5 thal the Charity faces each financial year when preparing and updating the stTacegic plan. The Charity is developing sysiems ro moniior and conirol ihese risks to miiigaie any impaci ihai they may have on the lr¢ of Age Concern Sandwich Cenire for The Retired. Conn¢cted Chari¢i¢s Age Contern Sandwich Centre for The Retir¢d is an auionomou5 Charity. Our associaiion with Age UK is purely in an advisory capacity. SM811 eofflp¥Nies provision statemenl Thi5 report ha5 been Prepared in accordance with the small companies regime under the Cornpanies Act 2006. Stalemenl of Trusl¢e5' Responsibilities The trustees {who are also the directors of Age Concern Sandwich Centre for the Retired for the purpts5es of company law) are responsTble for preparing the trustees, report and the financial statements in accordance with Ihe Unired Kingdom Accouniing St8ndards (Uniied Kingdom Generally Ac¢epied Accounting Practice) and applicable law and regulaiions. Company law requires the trustees io prepare financial siatements for each financial year. Under company law Ihe irusfees must noi approve (he financial siaiemenis unless they are satisfied thai They give a rrue and fair view of Ihe siaie of affairs of ihe chariiable company and of its incoming re5011Tces and appli¢ation of re50urce$. including its incom¢ and expenditure. for that period. In preparing these financial ststemenis. Ihe rrlbsiees are required io.. seleet suitable a¢counling policies and apply them consi$tently- observe the thtsds and principles in the Charities SORP: make judgements and eslimaies ihai are reasonable and prudeni; 51ate whether applicable UK Accouniing Swjdards have been follow¢d, subject to any m¥t¢rial departures disclosed and explained in the financial statements., and prepar¢ the financial slaiements on the going wn¢ern basts unless it is inappropriate to presume ihat the charitable company will coniillue in business. The tru5rees are responsible for keeping adequate accounting r¢cords that are sutricient to show and explain the chaTi¢able Company's Irdn5aciions ond disc105e wiih reasonable accuracy ai any lime the fbnantial position of ihe charirable company and enable ihern to ensure that the financial siaiemenis comply wirh ihe Companies Act 2006. They are also responsible for safeguarding (he as5eis of the chariiable company and hellce for iaking reasonable 5tep5 for rhe prevention and d¢i¢ciion of fraud and oiher irregularities. ge4
Age Con¢ern Sandwich Centre for the Retired Trustee5' Report The annual report wa5 approved by ihe mislees of the charity on 30 June 2021 and signed on it5 behalf by.. J O Sneller Fric5 Chaimian Trustee eme Company Secretary Page 5
Age Concern Sondwich Centre for the Retired Independent Examiner'5 Report to the trustees of Age Concern Sandwich Centre for the Retired I report on the accounis of ihe charity for ihe year ended 31 March 2021 which are sei oui on pages 7 10 17 . Respective responsibilities oftrus¢ees and e¥8miDer The trustees (who are also the director5 of rhe company for the purposes of company law) are responsible for the preparation of ihe accounis. The irusiee5 consider ihai an audii 15 noi required for ihi5 year un(kr s¢¢tion 144(2) of ihe Charities Aci 2011 (Ihe 201 l Aci) and thal an indep¢nd¢nt examinati¢)n is tTreeded. Th¢ charity's gross income exceeded £250,000 and l am qualified io undertake the examination by being a qualified member of Baichelor Coop Lid. Having satisfjed myself thai the charity 15 not subjrfi to audit under cornpany law and 15 eligible for independent examination. il Is my responsibility lo.. 'examine the accounis under sertion 145 of ihe 201 I Aci. io follow Ihe procedures laid down in the general DirecTions given by the Charity Cornmission under section 145{5)(b) of the 2011 A¢i', and 10 siaie wheiher panicular maners have come io my attention. Basis of independent exarniner'5 rtw>rt My examinaiion wos carried Qui in accordance with ihe general Dire¢tions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounis presenied with ihose records. [( also includes consideTarion of any unusual ir¢ms or disc105ure5 in ihe aceounts, and s¢¢king explanations from you as trustees concerning any such matters. The procedur¢s undertaken do noi provide all ihe evidence thai would be required in an audir and consequently no opinion is given as to wheiher ihe accouncs present a 'mJe and fair view. and the report is limiled to those matt¢rs set out in ihe 5ts1ernent below. Independ¢nt ex8rnin¢r's st8tem¢nt In conneciion wilh my examination, no matter has come to my attention.. (l ) which give5 me reasonable cause to believe rhai in any material respect the requirements.. to keep accouniing records in accordance wirh seciion 386 of the Companies Acr 2006. and 10 prepare accounis which accord wilh the accouniing records. ¢omply with the a¢¢ounting requirements of section 396 of the Companies Act 2006 and with Ihe rn¢thod5 and principle$ of the Statement of Recommended Practi¢e.' Accounting and R¢porTing by Charitie$ have noi been met- or (2} 10 which. in rny opinion. allenlion should be drawn in older 10 enable a proper understanding of the accounts to be reached. Graham Rennells Independent Exarnin¢r Chartered Aecountant Bahelor Coop Ltd The New Barn Mill Lan¢ Ea51ry Sandwith Kent CT13 OJW 5 July 2021 Page 6
Age Concern Sandwich Centre for the Retired Statement of Fin2n¢i21 Activities for the Year Ended 31 March 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losse5) Unrestricted Restr•cted fund$ Total 2021 Total 2020 J¥ot¢ Incorne and Endowments frorn: Donations and legacie5 Charitable activirie5 Investment income 356.609 110.497 49 50.489 942 407.098 1,439 49 181,022 212,271 129 Total Incotne 467,155 51.431 518,586 393.422 Expenditure on: Charitable activitie5 (297.354) (44,263) (341.617) (440,160 Total Expendiiure {297,354) (44.263) 341.617 1440,160) Net incomel{expenditDre) 169,801 7,168 176.969 (46,738) Net movement in funds 169,801 7,168 176.969 (46.738) Reconcili8tion of funds Total funds brought forward 309,747 177,854 487,601 534,339 Total funds Caled forward 17 479.548 185.022 664.570 487,601 Unrestritied funds Restricted funds Tot41 2020 Not¢ Income •nd Endowment5 from: Donation5 and legaci¢s Charitable activities Investment income 126.848 211.462 54.174 809 128 181,022 212.271 129 Toral income 338.311 393.422 Expenditure on: Charitable a¢tivities (361.406) 78.754 (440,160) Total expenditure 361.406 (78.754 (440,160 Net expenditure (23,095) (23,6431 (46.738) Net movement irt funds 3.095) (23.643) {46,738) Reconciliation of funds Total funds brou8hi forward 332.842 201.497 534,339 Total fijnds carried for¥vdrd 309.747 177.854 487,601 All of the chariry'5 activiiie5 derive from continuing op¢raiions during the above two periods. Page 7
Age Concern Sandwich Centre for th¢ Retired (Regi5tr*tion number: 04969814) B818nce Sheet as at 31 Mareh 2021 2021 2020 Note Fixed assets Tangible assets 418.186 423.883 Current asset5 Stock5 D¢bior5 Cash ai bank and in hand 12 600 5.717 244.570 750 6.788 85.055 250,887 92,593 Creditor5: Amounts falling due wi¢hin one yur 14 14.503) (28,875) Net current assets 246.384 63.718 Ntl 8SStIS 664,570 487.601 Funds of th¢ charity: Restricted funds 185,022 177,854 Unrestricted income funds Unrestricted funds 479.548 309,747 Tot81 fund5 664,570 487,601 Page 8
Age Concern Sandwi¢h Centre for the Retired (Registration number: 04969814) Balance Sheet as at 31 March 2021 For the financial year ending 31 March 2021 the charity wa5 entitled to exemption from audit under section 477 of the Companies Aci 2006 relating io small companies. Directors. responsibilities-. The members have not required the charity to obtain an audii of its accounts for the year in quesiion in a¢c(Trrdan¢e with section 476,. and The directors a¢knowledge rheir responsibiliries for Complying wilh the requirements of the Aci with respect to accounting records and the prepardtion of accounts. These accounts have been prepared in accordance with the provisions applicable to companie5 subjecr to the small companies regime. The financial siaiemenrs on pages 7 to 17 were approved by the trustees, Ènd auihorised for issue on 30 June 2021 and signed on their behalf by= J O Sneller Frits Chaimian Truslee me Trusiee Page 9
Age Concern Sandwieh Cenlre for the Retired Notes to the Financial Siatements for the Year Ended 31 March 2021 I Charity siatus The charity is limited by guarantee. inwrporaied in England and Wales, and ¢on5¢quenrly does not have shar¢ capitsl. Each of ihe trustees is liable io contribute an amount noi excttding £10 towards the asse¢s of che chariry in the event of liquidation. 2 Accounting policie5 Summary ofsignificant accounting policits key accouniing eslimates The principal accouniing policies applied in rhe pwataiion of these financial stsiemenis are sei oui below. These poli¢ie5 have been ¢onsisteftrly applied to all ihe years presenied. unless orhe)Ivise siaied. St&temeni of tompliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Sraiemeni of Recommended Praciice applicable to charilies preparing Iheii accounts in accordance with the Financial ReponiThg Siand8rd applicable in ihe UK and Republic of Ireland IFRS 102) (effecrive l January 2015) - (Charities SORP (FRS 1021), the Financial Reporting Srandard applicable in the UK and Republic of Ireland IFRS 102). They also comply with ihe Companies Act 2006 and Charities Act 2011. Basis of preparalion Age Concern %andwich cenire.for th¢ Reiired meer5 ihe definition of a public benefit entiry under FRS 102. Assets and liabilities are initially reeognised at historical cost or transaetion value unless otherwise stated in the relevan¢ accouniing policy note5. Going toneer The trustees Consider thai there ar¢ no material un¢ertainiies about the chariry'5 ability to continu¢ as a going concern Tror any signifjcant areas of uncertainty that affect ihe carrying value of assets held by the charity. Exemption from preparing a e*sh now siattment The charity Opted lo early adopt Bulletin I published on 2 February 2016 and have therefore noi included a cash flow siaiement in these financial siaiements. Income endowment5 All income is recognised once Ihe charity has eniirlemeni io ihe income, ir is probable ihat the income will be received and Ihe amouni of the iThcorne receivable £an be measured reliably. DonAti011s and legacies Don8tions ar¢ re¢ogni5¢d when the charity has been noiified in writing of both the arnount and settlement date. In the event thai a donation is 5ubjeet to conditions that require a level of perfomiance by the charity before ihe chaiiry is eniiiled io the funds. the income is deferred and noi recognised uniil eiiher those condirions are fully mei, or the lfIlment of rhose conditions is wholly wiihin the control of the charity and li is probabl¢ that these conditions will be lfilled in ihe reporting period. P¥ge 10
Age Concern Sandwich Centre for the Retired Notes to the Financial Statements for the Year Ended 31 March 202 Gr8Trts reeeivable Grants are recogni5¢d when ihe Charity h&$ an entitlement to Ihe funds and any conditions linked io Ihe grants have been rnet. Where perforrnance condilions are attached io the grani and are yel EO be met. rhe income 1$ re¢ogni5¢d as a liability and included on (he balance sheei as deferred income ro be released. Gift aid Incoming resour¢es from tax reclaims are included in the Siaiement of Financial Activities at the same time as the gift to which they relate. Investrnent incoThe Dividends are recognised once ihe dividend has been declared and noiificaiion has been rrfeived of the dividend due. Expenditure All expendiiure is recognised once there is a legal or consmitiive obligation to that expenditure. it is probable settl¢m¢nr 1$ required and the amount can be measured reliably. All costs are allocated ro the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot b¢ direcily anributed to particular headings they have been allocaied on a basis consisienr with ihe use of resources. with central staff costs allocated on rhe basis of time spent, and depreciarion charges allocaied on the portion of the asset's use. Other support cosr5 are allocated based on the spread of Sfr costs. Charltable aetivities Charitable expenditure ¢omprises those costs incurred by the charity in the del¥very of lis activities and services for its beneficiaries. It includes boih c051$ Ihai can be allocated direcily ro such acliviiies and ihose costs of an indireci nature necessary 10 support them. Support cost$ Suppon costs include ceniral fvn¢tjon5 and have been allocated to actlvlry CQ5t categories on a basis consisteni with the use of resour¢e5, for example. allocating property costs by floor areas. or per capita. staff cosis by ihe time spent and other costs by their usage. Taxation The charity 15 considered io pass ihe iesis set oui in Paragraph I Schedule 6 of th¢ Finance Act 2010 and therefore it meet5 the definiiion of a charitable company for UK corporation tax purposes. Accordingly. the ¢har&ty is potentially exempt frIMn iaxaiion in respect of income 01 capital gains received within caiegories covered by Chapter 3 Part I l of the Corporation Tax Aci 2010 or Secrion 256 of the Taxaiion of Charg¢able Gains Act 1992. to the extent that such income or gain5 are applied exclusively to charitable purpos¢5. Tangible fixed ass¢ls Indlvidual fixed assets costin8 £21H).00 or more are initially recorded at cost. Depreciation and amortisation DepT¢ciation is provided on tangible fixed 4S5etS 50 as to write off ihe cost or valuation, less any estimated residual value, over Iheir ¢xpected useful economi¢ life as follows: A5Stt tlass Fixtures, fittings and equipment Depreciation Method and ratt 25Vo on written down value Page 11
Age Coneern Sandwich Centre for the Retired Notes to the Flnaneial Statements for the Year Ended 31 March 2021 Stock Stock is valued at the lower of cost and esiimaied selling pri¢e less ¢osis to ¢omplet¢ and sell, after due regard for obsolete and slow moving siocks. Cost is deierniined using the firsi-in, fiTSt-OUt (FIFO). Debtors Debtors are amounts due from customers for merchandise sold or service5 performed in the ordinary course of bu5ine5S. Cash c5h ¢quiv8l¢ntS Cash and cash equivalenrs comprise cash on hand and call dep05ilS. and other shon-ierni highly liquid investments rhat are readily convertible to a known amount of cash and are subjecl ro an in5ignificani risk of change in value. Fund slructure UnTestricied income ndS are genernl fvnds thai are available for use ai rhe mistees's discretion in fijnherance of the obj¢¢tive5 of rhe ch8riry. Designared funds are unrestricted fvnds sei aside for specific purposes ai the discreiion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purpose5, the use of which 15 restrici¢d to thai area or purpose. 3 Income from donations and legci¢s Unrestricted fund$ Restricted funds Total 2021 Total 2020 Designated General Dontttion5 and legatie5; Appeal donaiiofts Granis. including capiial granis.. Grants r¢ceiv¢d General donation5, gifts and legacies Sundry income 13.177 350.537 42.580 393.117 122.768 5,939 133 13,848 133 43,234 1,843 6.072 350.537 50,489 407.098 181,022 Page 12
Age Concern Sandwich Centre for the Retired Notes to the Financial Stalements for the Year Ended 31 March 2021 4 Income from ch8ritabl¢ activities Unreslricted ruthds Restritted funds Total 2021 Tolal 2020 General Sales of donated goods Services and activiiie5 21.432 89.065 21.432 90,007 71,033 141,238 942 110,497 942 111.439 212,271 S Investment ineornt Unre5tri¢ted rut)ds Tot81 2021 Tot81 2020 Gener81 Ini¢r¢st r¢¢eivable and similar income. Interest receivable on bank deposits 49 49 129 6 Expenditur¢ on charlble a¢tivities Manggement and •dminstration Ch#rit#ble aciivities Total 2021 Total 2020 Expendiiure Imea15) Centre services and aciivitie5 Carer and ancillary staff salaries Reni and rares Light. heat and power Repairs and maintenance Deprecialion Insurance Telephone and fax Srotionery and advertising Legal and professional fees Administration staff salareis Healthsure Staff training Computer software and maintenance costs 25.828 295 188,047 18,745 8.152 7.654 5,697 4,795 1.262 2.740 4.077 25.828 295 188.047 18.745 8.152 7,654 5.697 4.795 1,262 2.740 4,077 48,762 797 1.018 41,752 1,639 216,276 25.740 24,850 5,636 1,039 3,288 6,052 52,456 48.762 797 1.018 102 3,994 2.386 3.332 5.301 3.994 2.386 3,332 5,301 4.016 2,810 4,354 9,835 Equipment ren1 Sundry expenses Cleaning Page 13
Age Concern Sandwi¢h Centre for the Retir¢d Notes to the Financial Stalements for the Year Ended 31 March 2021 Managemenl find adffiinstration Charii*ble activities Total 2021 Total 2020 Transport ¢xp¢ns¢5 Accountancy and independent examiner Bank Charges 2.451 2.451 16,304 4.996 1.288 4,996 1,288 3,910 2,116 267.292 74.325 341.617 440,160 £297,354 (2020 - £361,406) of the above expendilure was albuble io unrestricied funds and £44,263 (2019- £78.754110 restricred funds. 7 Net incoming/outgoing resources Net Incomin{Out8olng) resources for the year include= 2021 2020 tkpreciaiion of fixed assets 5.697 5.711 8 Trust¢es remun¢ralion and ¢xpen$e5 No trusiees, nor any persons connecied with them. knave received any remunemion from. rhe charity during the year. 9 St#ff costs The aggregate payroll cosrs were as follows= The monrhly average number of persons (including 5¢nior management tearn) employed by ihe chariry during th¢ y¢ar ¢xpre55ed as full time equivalents was as follo= 2021 No 2020 Charitable activities Management and adminstrdtion 14 14 No employee received emoluments of mor¢ than £60,0(X) during the year. During ihe year Ihe charity made ihe following transactioiis wilh key management personnel.. W•g¢s and salaries The Wages and salaries received remuneration of £236,809 (2020.. £268,732) Wages and salaries are made up from £227.340 (2020 £256.886) gross wages. £7.932 (2020 £9,075) ¢rnployeVs naiional insurance and £1.537 (2020 £2,771) employerfs pension contribulion. Page 14
Age Concern Sandwich Centre for the Retired Notes to the Financial Statements for th¢ Year Ended 31 March 2021 10 Tsxation The charity is a Tegistered charity and 15 therefore exernpt from taxation. I l Tangible fixed assets Freehold property and improvemenls Fixfures, riltings and equipment Total Co$t At l April 2020 406.762 61,191 467,953 At 31 March 2021 406,762 61.191 467.953 Depreciation At l April 2020 Charge for the year 44.070 5.697 44.070 5,697 At 31 March 2021 49.767 49,767 Net book value Al 31 March 2021 406,762 11,424 418,186 Ai 31 March 2020 406,762 423,883 12 Stock 2021 2020 Stocks 600 750 13 Debtors 2021 2020 Prepayments Other debiors 5,717 6,367 421 5.717 6,788 14 Creditor5: smounts falling due within one yr 2021 2020 Other loans Other taxation and social security Other creditors Accruals 23,5(K) 3,193 1.041 2,196 366 1.941 4,503 28,875 Page 15
Age Concern Sandwich Centre for the Retired Notes to the Financial Statements for the Year Ended 31 March 2021 15 Members, liability The charity is a private C(TrTnpany limited by guardntce and con5¢quently does not have shar¢ capital. Eash of the members is liable ro coniribuie an amount exceeding £10 towards ihe asseis of the chariry in rhe evenl of liquidatlQD. 16 Oblig*tions under leases gnd hire purchase coTrtr#cts Operating lease cornmitrnent$ Tothl future minimum lease payments under nonvcancellable operaring leases are as follows- 2021 2020 Other Within one ye¥r Between one and flve ar5 4.478 3,673 6.293 10.338 8,151 16,631 17 Funds . Balance at Incoming resources Resource5 expended "Balance at 31 March 2021 April 21120 Unrestricted funds General {144.120) 165,627 (461,083) 6,072) 297,354 (307.849) Designaied (171,699) Tot81 unrestricted funds {309.747) (467.155) 297.354 (479.548) (185,022) Restricted funds {177.854) (51.431) 44.263 Total funds {487.601) {518.5861 341.617 (664,570) BAlan¢e 81 I April 2019 Incoming resources Resources expended BalaNee at 31 March 2020 Unrestrieled funds General (171.295) (334,231) 361.406 (144,120) (165.627) D¢signated (161.547) (4.080) Total unrestrieted funds 1332,842) (338,311) 361.406 (309.747) Resirieied funds {201,497) 78.754 (177,854 Total funds 534.339 1393.422) 440,160 (487,601 Page 16
Age Concern Sgndwich Centre for the Retired Notes to the Finaneial Statements for the Year Ended 31 March 2021 The specific purposes for which ihe fvnds a io be applied are a5 follows.. Funds are held available for the ordinary puoSe$ of the charity. The company has two restricted fvnds- l ) To ¢over the costs of the building extension and modemisation and 10 cover the cosi of running the minibu5. 2) To cover costs of respite work for dementia sufferers. 18 Analysis of net assets betw¢en funds Unre5tri¢ted funds Restricted fund5 General Total funds Tangible fixed asset$ Current assets Currenr liabilities 237.329 246,722 4.503 180.857 4,165 418,186 250,887 4.503 Total net assets 479,548 185,022 664,570 Page 17