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2022-03-31-accounts

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Report of the Trustees

2021/22

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REPORT OF THE TRUSTEES

TABLE OF CONTENTS

1

PART 1: LEGAL & ADMINISTRATIVE INFORMATION

3

PART 2: REPORT OF THE TRUSTEES FOR YEAR ENDED 31ST MARCH 2021

15

PART 3: FINANCIAL REVIEW

17

PART 4: STRUCTURE, GOVERNANCE & MANAGEMENT

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ACCOUNTS

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Part 1: Legal & Administrative Information

Company number: 05367286 Charity number: 1110455 Registered office: 18, Kingsmead Sq, Bath, BA1 2AE

Bankers: National Westminster Bank PLc, High Street, Bath, BA1 5AH

Auditors: Monahans, Statutory Auditors, Firefly Avenue, Swindon, Wiltshire, SN2 2GA

Senior Personnel:

S G Allen: Chief Executive Officer

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TRUSTEES:

N GREGSON (CHAIR) S MCNAB (APPOINTED 09/O5/2021) P ANKETELL-JONES R BURNS (APPPOINTED 09/05/2022) H. S. NATT K NASH (TREASURER - RESIGNED 01/10/2022) M ROY R SHUBHABRATA (RESIGNED - 01/10/2022) V WINDSOR L ENWISTLE (RESIGNED 16/12/2021) R GREIG H ARDEN (APPPOINTED 09/05/2022) (RESIGNED 24/05/2021)

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REPORT OF THE TRUSTEES

Part 2: Report of the Trustees for Year Ended 31st March 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for year ended 31 March 2022. The trustees have adopted the provisions of 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)

Our Charitable Objects and Activities

Age UK Bath & North East Somerset is an independent local charity established to promote the following purposes for the benefit of the public and/or older people in and around the District of Bath and North East Somerset:

The charity was established over 80 years ago and although part of the Age UK network, we are an independent charity. All the money we raise is used to support the older residents of Bath & North East Somerset.

We work with people later in life to understand the issues that effect them; enabling people to live independently for as long as people want or are able to. Our activities include Day Clubs, Information and Advice, Home from Hospital service, Dementia Service, Befriending, Active and Enrichment programme and Footcare. Each year we support many people, their family members and carers, promoting wellbeing, helping them to stay active, regain & retain their independence and improve their quality of life.

Public Benefit

Our main activities clearly illustrate the delivery of public benefit. The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Charity's Aims and Objectives.

Our Vision

The mission of Age UK Bath & North East Somerset is to grow an Age Friendly Community where people are enabled to age well.

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Achievements and Performance

Our recent survey of people, aged over 55, drew responses from right across Bath & North East Somerset. Some key findings are detailed below....

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51%
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of respondents feel their health has declined

47%

of respondents want to be less lonely

36%

of respondents access reported being a problem

48% of respondents feel their confidence has decreased 27% of respondents want help at home 28% of respondents want help getting online 23% of respondents don't think their opinions are heard

65% of respondents said more activities would make life better 41% of respondents are worried about pollution in their area

26%

of respondents would be happy to be part of a Steering Group

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Listening to our Community

Our recent survey of people, aged over 55, drew responses from right across Bath & North East Somerset

Fixing Social Care

Top Priorities

We asked people to give us a sense of issues that older people in the community feel most passionate about....

Focus on Economy & Education

Living safely with Covid-19

Financial Support & Fairer Housing More influence on decision making

“I've never spent so much time alone without human contact before. I have become very isolated and very lonely.”

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“I have exercised a lot
more. Started doing
salsa, zumba
and...yoga online”
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At the age of 66 I feel i'm
not being ignored. I realise
as I age, that will happen to
me. People will not be
interested in my opinion!
That will be hard for me.”
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Please contact us to read the full Big Survey findings: reception@ageukbanes.co.uk 01225 466135

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ANNUAL IMPACT REPORT

We are so fortunate to have a such a committed, kind and enthusiastic team of volunteers who have been a united front during the pandemic. Many of our 140 dedicated volunteers are befrienders but since restrictions have lifted, volunteers have been gifting us their time to facilitate new groups that would not have been able to run otherwise.

Our Volunteers

Our Volunteers have gifted us their time, equivalent to three full time employees!

We can’t wait to thank as many of our volunteers as possible in June with our first in person event and involve them in discussions about the development of the network.

"I love the fact that volunteers can be young or older, in work or retired but are all keen to be supportive of those who need some extra help and connection."

Support to those living with Dementia

Looking to the future, we aim to increase group numbers and meet demand for another Dementia group in the Keynsham area. We also want to strengthen relationships with RICE, CURO and the Alzheimer's Society.

We are delighted to have started two new groups for people living with Dementia, one in Bath, one in Midsomer Norton and employed two new staff. This means, along with our group in Keynsham, we have Dementia Support in three key areas of Bath & North East Somerset.

Our specially trained team work hard to creatively provide new and stimulating activities using Maintenance Cognitive Stimulation Therapy which has been shown to improve concentration, memory, confidence and quality of life.

Our long standing and close knit group in Keynsham has steadily kept its numbers and continues to be an integral group within the community.

"Thank you for your group. Mum always returns home on a high and her functioning is much improved!"

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ANNUAL IMPACT REPORT

Day Clubs & other groups

It’s been a challenging year due to the lingering impact of the Pandemic but employees and volunteers have devoted themselves to the smooth running of our day clubs.

We are pleased that group numbers have risen, which suggests people feel more confident being part of a group again. We've welcomed back visiting entertainment; from singers, dancers and musicians, to talks from the Cleveland Pools Trust and the Roman Baths. Our groups really missed this and we are delighted to reintroduce it.

In Keynsham, we have established an intergenerational singing session with a toddler group. In Midsomer Norton, groups enjoyed a trip to the Avon Valley Railway Café as key contributors in a film making project with Bath City Football Foundation and Creativity Works.

We managed to celebrate Christmas in the usual way and the Bath group were lucky enough to be entertained by school children singing outside their window in return for hot chocolate.

" I have to pay credit to your sessions, I have been here for four hours and it only feels like five minutes! "

We listen to group members all the time about how they’d like to shape the groups. So, as well as increasing numbers and diversity we will be looking at more informative speakers and different entertainment.

We will continue to signpost group members to other services with us and within the community.

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We are in awe of volunteers who have not been deterred by covid and with our support have been starting some well loved groups again.

Our popular Cook & Eat Group in Midsomer Norton is back to teaching people how to prepare nutritious, cost effective meals. Our popular Singing for Fun, also in MSN, is loved for its fun friendly atmosphere.

We're proud to offer digital support again at our Click Café. People are able to book a 121 session with our experienced Volunteers for practical support with computers, mobile phones and tablets, apps and video calling.

At Home

Our At Home staff are passionate about people remaining as independent as possible in their homes so this assistance with practical tasks such as meal preparation, cleaning and shopping is invaluable.

Often though, it is not always just about the practical help and we find good friendships develop which really enhances someone’s quality of life and wellbeing.

During this year, we have noticed a rise in people needing support with their finances as well as not being able to physically access cash or pay for shopping.

“You have been a real saviour, thank you for shopping and cleaning . I don't know how I would have managed without you."

We have also seen a rise in referrals from statutory services, further reinforcing the need to grow our capacity next year.

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ANNUAL IMPACT REPORT

Community Connections

Friendship and meaningful connections are key to good mental health and wellbeing. So it is no surprise that demand for this type of support remains constant.

We currently have 70 of these important friendship matches going but have a waiting list for more.

In the past, the people requesting these connections were typically less mobile and unable to leave the house. Interestingly, this year we are seeing an increase in requests from people who are able get out and about but are lonely because they have lost their social circle or live alone.

Befriending

One lady requested a regular chat because her only social interaction was with her husband and she wanted other company. We also have cases of family carers requesting support as they feel their opportunities for company is limited.

This shift in requests further highlights the importance for our support to get back to being predominately face to face.

There is also great benefit for matches to incorporate more social aspects like walking and exercise which supports people to age well.

Matches will be encouraged to signpost to other services and activities within the community so eventually matches can be confident together, rather than under the wing of Age UK Bath & North East Somerset.

“I enjoy my role as a telephone befriender, being able to share experiences & learn about other peoples lives is so interesting. I have found it difficult during covid so this regular chat has a real benefit to me too!"

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We are proud of how our these services continue to play an integral role to local hospitals and the community. By easing the flow of people out of hospital and offering short term, practical and emotional support until people are back on their feet again, we are helping to prevent unnecessary readmission.

Our team receive, on average, over 41 referrals a month and have done a remarkable 4,411 tasks for people. Tasks are not just practical help like cooking, cleaning, shopping, sign posting and prescription pick up, but also confidence building, dealing with anxiety, talking through health worries and dealing with finances.

Coming out of the pandemic the team have noticed an increasing number of people with reduced mobility and confidence. The team actively encourage people to go out with them at every opportunity; building confidence and improved physical ability to remain independent.

Home Response & Home from Hospital

“We have seen such an improvement in people’s wellbeing because of this extra activity. It seems like a small thing but being able to step outside, confidently, to walk to the shops or to visit a friend again, is life changing!”

Amanda, Chief Operating Officer

Covid restrictions in wards at the beginning of the year meant less access to referrals and motivated us to increase links with community teams. We now have a physical presence at the Community Wellbeing Hub (collaboration between Bath & North East Somerset Council, HCRG Care Group and the Voluntary Sector); attending weekly interdisciplinary meetings.

These enriched relationships have allowed us to work with other organisations in new, innovative ways. We are proud to be a key partner in distributing Help Packs to people as they are discharged from the Royal United Hospital. Funded by the Community Wellbeing Hub, Help Packs are given to people who have little or no help at home. Including all meals and toiletries for three days plus follow up calls and signposting. People are able to leave hospital sooner and the team are often the ones doing the follow up visits. We also collaborated with the Carers Centre for a short-term project which created a sitting service, giving respite for carers.

We plan to grow our Home Services Team to meet the increasing demand for these vital means of support.

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ANNUAL IMPACT REPORT

Information & Advice

Our Information and Advice Team work tirelessly behind the scenes supporting people with advice on on subjects from benefits to bereavement and everything in between.

This year the team have dealt with 657 referrals. From the autumn we have seen a dramatic increase in referrals which in part coincides with the pressures on the cost of living.

In fact, requests for benefit support have gone up by 23% in the year. We have also seen a sharp rise - by just over 30% - of people needing information about support at home or advice on care issues.

This year we have helped people in B&NES claim a staggering £603,687 of benefits they were owed.

We have continued to be part of the Warm Home Discount Scheme, successfully meeting our target. We are pleased to have had the opportunity to team up with St Monica's Trust, Bristol who generously funded grants for clients who are experiencing fuel poverty.

Due to these rising referral numbers and the fact that the cost of living crisis is likely to impact people even harder next year, our future plans include recruiting more Information & Advice staff.

“We had no idea that we were entitled to the extra £200 a week in benefits, it has made life so much more manageable. Thank you Age UK Bath & North East Somerset.” Paul & Mary

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Support
Advice
Guidance
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ANNUAL IMPACT REPORT

Support from the Community, local businesses and Charitable Trusts

We could not achieve as much as we do without the generous donations we receive from grant makers, local businesses and the people in our community. We are so grateful. Funds allowed us to adapt and evolve our services to best meet the needs of older people during the pandemic.

We were honoured to continue to receive vital legacy income from supporters who remembered us in their Will. This made a significant contribution to our core services.

B&NES Council, The WG Edwards Charity and The Morrisons Foundation made generous donations to launch our new Digital Inclusion Project next year, funding a new staff member as well as a Tablet Loan Scheme. Wessex Water, through the Quartet Community Foundation, funded the chatbot function, Vera, on our website which gives answers to a wide range of questions at the touch of a button.

Other very generous national funding has come from Age UK National, The Robert McAlpine Foundation, The Francis Winham Foundation, The Weinstock Fund, The Annandale Charitable Trust and The Sir Jules Thorn Charitable Trust.

We are very grateful for the funding from local trusts and foundations and we thank:

Midsomer Norton Town Council, Arnold Clark Community Foundation, Keynsham Town Council, The Sperring Charity, St Monica Trust, The Medlock Charity, Garfield Weston Foundation, The Nani Huyu Charitable Trust and The Roper Family Trust for their support.

We were delighted to receive nearly £16,000 from individual donations. We continued to work with the Giving Box in Bath and we were charity of the year for the Coop in Bath and Radco in Radstock. One of our trustees cycled 874 miles from Land’s End to John o’ Groats raising over £1,000 (see photo above).

As we continue to recover from Covid restrictions, there is increasing demand for our services to grow and evolve. Therefore, we’re looking to bolster core funding and strengthen areas where we are already seeing demand which includes Information & Advice, Digital Inclusion and finding new ways to build confidence and connections within the community.

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REACHING OUT TO OUR COMMUNITY

Age UK Bath | North East Somerset continues to grow its reach within the community through communication and engagement.

The Big Survey was an opportunity to engage with our community, and its findings are shaping the strategy of the organisation. The findings were also sent to key MPs, policy makers and influencers. It has also opened up a dialogue with older people which will help inform future plans for an older person’s forum.

We are proud of the relationships we are cultivating with the local media and increasingly are being asked for comment on important issues.

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COMMUNICATION

& ENGAGEMENT

We have been thrilled with the amount of coverage we have received from sharing stories from our collaborative work with other organisations. In October, our joint open letter with The Carers Centre demanding social care action, secured 10 pieces of local coverage and a detailed TV feature on primetime ITV News.

As well as this, we provided a case study which secured a BBC Points West news feature on the Help Packs.

Other activity has included 12 days of kindness, I&A and our Confidence Appeal.

Other highlights have included our new chat bot Vera, a new Guide to Later Life which has been distributed across Bath & North East Somerset, working with Age UK National on a new website and a regular community radio show on Somer Valley FM with other local charities.

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REPORT OF THE TRUSTEES

Part 3: Financial Review

We are reporting a surplus of income over expenditure of £271,441 (2020/21 - £150,277).

The financial investments and policies of the organisation are reviewed on a regular basis. It was decided that in the light of the current investment climate and the future plans of the organisation to maintain the accounts as they stood. Reviewing of the investments is a constant process but it is acknowledged by the board that with interest rates as low as they are, there is currently little chance of improving our return.

The financial position of the charity remains robust in the medium term with unrestricted reserves of £667,418. This was helped by generous legacies of £270,944.

However, the Charity does still face significant challenges in generating new revenue streams to fulfil its charitable objectives and meet the ever-increasing needs of the rising number of people in later life.

Principal Risks and Uncertainties

The charity has traditionally relied upon various sources of funding, including local authority grants, commissioned service and grant funding from trusts, foundations and individuals. While these continue as current sources of income, clearly present challenges to revenue our streams are potentially at greater risk due to the effects of Covid-19.

This could present challenges to our ability to meet increased demand for our services.

In order to mitigate this, we are

We have also taken advantage of some government support schemes.

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REPORT OF THE TRUSTEES

Principle Funding Sources

The principle funding sources in the year arise from HCRG Care Group, Bath & North East Somerset Council, BSW Clinical Commissioning Group, various grants and income through our Day Clubs.

Reserves Policy

In compliance with the Charity Commission Guidance, the Trustees ensure that a Financial Risk Assessment is completed as part of the annual budgeting and business planning process. The Reserves Policy was re-assessed in year.

In assessing the need for reserves, the trustees consider:

  1. Funds required to provide cover for risks such as unforeseen expenditure or unanticipated loss of income

  2. 2.Specific funding for the development of new or expanded services, and;

  3. 3.The requirement for working capital to protect the continuity of our core, unfunded work*

For the 2021/22 financial year the trustees have assessed the reserves needed, based upon the above criteria, as a minimum of 3 - 6 months expenditure.

The total value of funds held at the balance sheet date was £796,396 (2020/21: £524,955). The value of restricted funds was £128,978 (2020/21: £30,371). Designated funds of £251,141 (2020/21: £72,779) are held to support specific future projects. The charity also holds £3,147 of funds that can only be realised by disposing of tangible fixed assets.

Therefore, the free reserves of the charity are £413,140 (2020/21: £414,280)

The charity holds funds in line with the policy, although the charity is facing unprecedented demand for services and the future for the commissioning of statutory services remains uncertain. A number of services continue to be funded or part-funded from voluntary income, so we continuously seek additional income to further develop our services.

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REPORT OF THE TRUSTEES

Part 4: Structure, Governance & Management

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Members guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up.

Recruitment and appointment of new trustees

The charity's board comprises a Chair and other trustees, the total number of which shall never be less than 3 but shall not exceed 10. Vacancies for trustees are advertised, applicants are interviewed following short-listing, references are taken up and a disclosure & barring check is obtained. Once elected a trustee may serve for a period of 3 years and be eligible for re-election not exceeding in aggregate 9 years from the original date of appointment. The Board may appoint individuals to fill any casual vacancies which occur during the year. Such appointments shall terminate at the end of the term for which the original member was elected. Trustees may be co-opted to the Board provided that the number.

Induction and Training of Trustees

On appointment, Trustees are given induction training, and are given ongoing support from fellow Trustees, the Chief Officer. External training is used where relevant, together with appropriate publications (e.g. Charity Commission).

Organisatlonal Structure

The Board meets regularly and has maintained sub-committees for finance and general purposes, services, and communications & marketing.

Day to day operational decisions are delegated to the Chief Officer, who is line managed by the Chair of the Board.

Pay policy for senior staff

The senior management team comprise the trustees and key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis.

All trustees give of their time freely and no trustee received remuneration in the year.

The pay of senior staff is managed in accordance with a Scheme of remuneration for all staff and has been adjusted dependent on the circumstances of the charity.

The board of trustees considers the affordability of pay increases annually.

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REPORT OF THE TRUSTEES

Risk Management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and risks. The trustees confirm that the major risks have been reviewed and systems or procedures have been established to manage those risks.

The trustees' risk management strategy comprises: ~

Attention has also been focused on non-financial risks arising from fire, health and safety of staff and volunteers, data protection and other risks. These risks are managed by ensuring the organisation has robust policies and procedures in place with regular and appropriate training for staff and volunteers. This includes the new risks to the health and wellbeing of our clients, staff and volunteers due to Covid-19.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with any other local related party or organisation is disclosed to the full board of trustees in the same way as any other contractual relationship with a related party.

A Register of interests is maintained and is readily available for inspection.

Age UK Bath & North East Somerset is one of approximately 125 Brand Partners affiliated to Age UK. We work together in a spirit of collaboration and mutual support to achieve common goals.

It is important to stress that we are an independent local charity run by local people for local people. Age UK Bath & North East Somerset is part of the 'family of Age UK' and is not a branch structure; we are entirely responsible for raising our own funding.

As a brand partner of Age UK, we aim to ensure that the issues and concerns of older adults in Bath & North East Somerset are brought to the attention of local and regional policy makers, and that highquality services continue to be provided at a local level to support older adults to maintain their independence, dignity and wellbeing.

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REPORT OF THE TRUSTEES

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Age UK Bath and North East Somerset Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting 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 statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Auditors

The auditors, Monahans, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 1st October 2022 and signed on its behalf by:

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Nicola Gregson
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Nicola Gregson Chair, Board of Trustees

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Thank-you We are so grateful for your continued support.

from all the team at

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Opinion

We have audited the financial statements of Age UK Bath and North East Somerset Ltd (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the provision of services to the elderly, we identified that the principal risks of non-compliance with laws and regulations related to safeguarding, health and safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Statement of Recommended Practice.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, and potential lack of segregation of duties. Audit procedures performed by the audit engagement team included:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Other matters which we are required to address

The prior year figures are unaudited.

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare (Senior Statutory Auditor) for and on behalf of Monahans Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: ............................................. 27 January 2023

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Age UK Bath and North East Somerset Ltd

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Provision of services
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of services
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Statement of Financial Activities
for the Year Ended 31 March 2022
Unrestricted
Restricted
funds
funds
Notes
£
£
3
365,071
186,579
577,973
35,842
4
6,593
-
5
23
-
949,660
222,421
7
62,065
-
8
714,762
123,813
776,827
123,813
172,833
98,608
494,585
30,370
667,418
128,978		 Statement of Financial Activities
for the Year Ended 31 March 2022
Unrestricted
Restricted
funds
funds
Notes
£
£
3
365,071
186,579
577,973
35,842
4
6,593
-
5
23
-
949,660
222,421
7
62,065
-
8
714,762
123,813
776,827
123,813
172,833
98,608
494,585
30,370
667,418
128,978		 2022
Total
funds
£
551,650
613,815
6,593
23
1,172,081
62,065
838,575
900,640
271,441
524,955
796,396		 2021
Total
funds
£
264,966
696,351
20,031
1,205
982,553
68,264
764,012
832,276
150,277
374,678
524,955
Notes
3
4
5
7
8		 Unrestricted
funds
£
365,071
577,973
6,593
23
949,660
62,065
714,762
776,827
172,833
494,585
667,418

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Balance Sheet
31 March 2022
Notes
FIXED ASSETS
Tangible assets
16
Investments
17
CURRENT ASSETS
Debtors
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
22
Unrestricted funds:
General fund
Buildings dilapidation and repairs - Kingsmead
Square
Buildings dilapidation and repairs - St. Michaels
Minibus replacement
Development and innovation
Restricted funds
TOTAL FUNDS		 2022
£
3,137
10
3,147
284,350
561,465
845,815
(52,566)
793,249
796,396
796,396
416,277
37,954
14,825
-
198,362
667,418
128,978
796,396		 2021
£
7,525
10
7,535
58,126
508,317
566,443
(49,023)
517,420
524,955
524,955
421,806
37,954
14,825
20,000
-
494,585
30,370
524,955

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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 27 Jan 2023 (UTC)

Nicola Gregson

............................................. N A Gregson - Trustee

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Cash Flow Statement
for the Year Ended 31 March 2022
2022
Notes
£
Cash flows from operating activities
Cash generated from operations
1
53,125
Net cash provided by operating activities
53,125
Cash flows from investing activities
Purchase of tangible fixed assets
-
Interest received
23
Net cash provided by/(used in) investing activities
23
Change in cash and cash equivalents in
the reporting period
53,148
Cash and cash equivalents at the
beginning of the reporting period
508,317
Cash and cash equivalents at the end of
the reporting period
561,465		 2021
£
204,310
204,310
(10,017)
1,205
(8,812)
195,498
312,819
508,317

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Notes to the Cash Flow Statement for the Year Ended 31 March 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022 2021
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 271,441 150,277
Adjustments for:
Depreciation charges 4,388 6,117
Interest received (23) (1,205)
(Increase)/decrease in debtors (226,224) 48,394
Increase in creditors 3,543 727
Net cash provided by operations 53,125 204,310
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 508,317 53,148 561,465
508,317 53,148 561,465
Total 508,317 53,148 561,465

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements for the Year Ended 31 March 2022

1. GENERAL INFORMATION

Age UK Bath and North East Somerset is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address can be found in the Trustees' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about Age UK Bath and North East Somerset Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The charity's trading subsidiary, Age UK (BANES) Trading Limited, ceased trading on 31 March 2017.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

None

Critical areas of judgement

None

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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 Bank.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on straight line basis Motor vehicles - 25% on straight line basis Computer equipment - 33% on straight line basis

Fixed assets costing in excess of £500 (per individual item) are capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are to be used for specified purposes as laid down by the donor which have been raised by the charity for specific purposes. Expenditure which meets these criteria is identified to the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charitable trust only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the academy trust and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Amounts due to the charity’s wholly owned subsidiary are held at face value less any impairment.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Amounts due to charity’s wholly owned subsidiary are held at face value less any impairment.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

continued...

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Age UK Bath and North East Somerset Ltd
Notes to the Financial Statements- continued
for the Year Ended 31 March 2022
3.
DONATIONS AND LEGACIES
Donations and grants
Legacies
4.
OTHER TRADING ACTIVITIES
Room hire
Sundry income
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Provision of services
Income from charged for
services to beneficiaries of
the charity
Provision of services
Contract for services
Provision of services
Activity
Grants
Contract
Fees
Transport
-
-
2,172
Community Connections
-
117,412
94,667
Advice and Information
11,842
23,763
-
At Home
-
-
123,775
Home from Hospital
-
200,832
-
Nail cutting
-
15,352
-
Later Life Connections
24,000
-
-
Other
-
-
-
Total
35,842
357,359
220,614
Grants received, included in the above, are as follows:
Age UK
Big Lottery
Coronavirus Job Retention Scheme		 2022
£
280,706
270,944
551,650
2022
£
2,180
4,413
6,593
2022
£
23
2022
£
35,842
220,614
357,359
613,815
2022
£
Total
2,172
212,079
35,605
123,775
200,832
15,352
24,000
-
613,815
2022
£
35,842
-
-
35,842		 2021
£
254,566
10,400
264,966
2021
£
280
19,751
20,031
2021
£
1,205
2021
£
99,710
108,845
487,796
696,351
2021
£
Total
3,247
97,707
57,849
105,598
331,269
15,352
31,410
29,919
672,351
2021
£
45,000
31,410
23,300
99,710

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

7. RAISING FUNDS

Raising donations and legacies

Staff costs
Sundries
Support costs		 2022
£
16,465
14,474
31,126
62,065		 2021
£
35,127
22,877
10,260
68,264

8. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 9) note 10) Totals
£ £ £
Provision of services 589,910 248,665 838,575

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Analysis of direct costs

Activity
Transport
Community Connections
Advice and Information
At Home
Home from Hospital
Nail cutting
Befriending
Digital inclusion and Special
Projects
Later Life Connections
Total		 Direct staff
costs
41,321
122,081
62,135
62,139
153,060
6,048
9,550
-
5,749
462,083		 Other direct
costs
18,940
73,176
5,094
12,981
14,911
739
825
933
228
127,827		 Support costs
4,791
72,078
32,571
40,600
73,605
7,392
4,580
13,040
8
248,665		 2022
£
Total
65,052
267,335
99,800
115,720
241,576
14,179
14,955
13,973
5,985
838,575		 2021
£
60,391
188,642
96,762
109,948
210,465
14,997
35,679
14,881
32,245
764,011

Basis of allocation of support costs: Percentage of staff time

10. SUPPORT COSTS

Governance
Management
costs
£
£
Raising donations and legacies
31,126
-
Provision of services
238,540
10,125
269,666
10,125		 Totals
£
31,126
248,665
279,791

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. SUPPORT COSTS - continued

Analysis of support costs

Analysis of support costs
Staff costs
Premises
Office costs, IT and governance
Other staff/volunteer costs		 2022
£
150,598
33,253
58,333
37,607
279,791		 2021
£
161,743
24,816
55,844
7,385
249,788

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets
Accountancy and independent examination
Operating lease charge - rent
Operating lease charge - other		 2022
£
10,125
4,388
-
24,880
2,636		 2021
£
-
6,117
2,500
24,880
2,588

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
583,817
24,733
20,596
629,146		 2021
£
583,336
24,872
35,343
643,551

The average monthly number of employees during the year was as follows:

Staff
Casual employees		 2022
36
50
86		 2021
35
23
58

No employees received emoluments in excess of £60,000.

The average full time equivalent staff numbers were 19.

The key management personnel of the charity comprise the Trustees and the senior management personnel as listed on page 3. The total employee benefits of the key management personnel of the charity were £156,374 (2021: £177,760).

Included in prior year staff costs is an amount of £1,969 paid as redundancy to 1 staff member.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements- continued to the Financial Statements- continued
for the Year Ended 31 March 2022
14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 136,969 127,997 264,966
Charitable activities
Provision of services 619,941 76,410 696,351
Other trading activities 20,031 - 20,031
Investment income 1,205 - 1,205
Total 778,146 204,407 982,553
EXPENDITURE ON
Raising funds 68,264 - 68,264
Charitable activities
Provision of services 555,720 208,292 764,012
Total 623,984 208,292 832,276
NET INCOME/(EXPENDITURE) 154,162 (3,885) 150,277
Transfers between funds 4,780 (4,780) -
Net movement in funds 158,942 (8,665) 150,277
RECONCILIATION OF FUNDS
Total funds brought forward 335,642 39,036 374,678
TOTAL FUNDS CARRIED FORWARD 494,584 30,371 524,955
15. GOVERNMENT GRANT
2022 2021
£ £
Big Lottery - 31,410
HM Revenue and Customs - 23,300
Bath and NE Somerset Council 37,500 20,000
BANES NHS 80,745 -
National Lottery Community fund - 65,000

There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. TANGIBLE FIXED ASSETS

COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
17.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2021 and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Fixtures
and
fittings
£
33,934
33,934
-
33,934
-
-		 Motor
Computer
vehicles
equipment
Totals
£
£
£
51,340
48,205
133,479
50,090
41,930
125,954
1,250
3,138
4,388
51,340
45,068
130,342
-
3,137
3,137
1,250
6,275
7,525
Shares in
group
undertakings
£
10
10
10

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Age UK (BANES) Trading Limited

Registered office: United Kingdom Nature of business: Dormant

%
Class of share:
holding
Ordinary
100
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 2022
£
50,110
234,240
284,350		 2021
£
3,769
54,357
58,126

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals		 2022
£
17,444
8,357
251
26,514
52,566		 2021
£
4,916
7,261
626
36,220
49,023

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2022
£
24,195
72,762
-
96,957		 2021
£
23,625
87,200
7,267
118,092

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
3,137
Investments
10
Current assets
744,356
Current liabilities
(80,085)
667,418		 Restricted
funds
£
-
-
101,459
27,519
128,978		 2022
Total
funds
£
3,137
10
845,815
(52,566)
796,396		 2021
Total
funds
£
7,525
10
566,443
(49,023)
524,955

P

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
421,806
Buildings dilapidation and repairs -
Kingsmead Square
37,954
Buildings dilapidation and repairs - St.
Michaels
14,825
Minibus replacement
20,000
Development and innovation
-
494,585
Restricted funds
Big Lottery
6,535
D-Care
7,452
Independent Age
5,003
Quartet Bath Community Wellness
1,400
Quartet Community Foundation Express
Fund
2,500
Digital Inclusion
7,480
Home From Hospital
-
Information and Advice
-
Workforce Fund
-
30,370
TOTAL FUNDS
524,955
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Development and innovation
Restricted funds
Big Lottery
Other
D-Care
Midsomer Norton
Transport
Independent Age
Quartet Bath Community Wellness
Quartet Community Foundation Express
Fund
Befriending
Dementia - Bath/Midsomer Norton
Dementia - Keynsham
Digital Inclusion
Home From Hospital
Information and Advice
Workforce Fund
TOTAL FUNDS

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Buildings dilapidation and repairs -
Kingsmead Square
Buildings dilapidation and repairs - St.
Michaels
Minibus replacement
Restricted funds
Big Lottery
D-Care
Peoples Postcode Lottery
Independent Age
Quartet Bath Community Wellness
Quartet Community Foundation Express
Fund
The Clothworkers Foundation
Virgin Care
TOTAL FUNDS		 At 1.4.20
£
262,863
37,954
14,825
20,000
335,642
7,371
16,534
15,131
-
-
-
-
-
39,036
374,678		 Net
movement
in funds
£
154,163
-
-
-
154,163
(836)
(9,082)
(15,131)
5,003
1,400
2,500
4,780
7,480
(3,886)
150,277		 Transfers
between
funds
£
4,780
-
-
-
4,780
-
-
-
-
-
-
(4,780)
-
(4,780)
-		 At
31.3.21
£
421,806
37,954
14,825
20,000
494,585
6,535
7,452
-
5,003
1,400
2,500
-
7,480
30,370
524,955

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Age UK - Grants and Support
Later Life Connections
Big Lottery
Tesco Groundwork
Ralph and Irma Sperring Charity
D-Care
Peoples Postcode Lottery
The R.McAlpine Foundation
Midsomer Norton
Transport
Independent Age
Leonard Laity Stoate Charitable Trust
National Lottery Community Fund
Quartet Bath Community Wellness
Quartet Coronavirus Response Fund
Quartet Community Foundation Surviving
Winter Grant
Quartet Community Foundation Express
Fund
Schroder Charity Trust
The Clothworkers Foundation
The Truemark Trust
Virgin Care
West of England Combined Authority
TOTAL FUNDS		 Incoming
resources
£
778,146
12,586
21,000
31,410
500
3,000
5,799
-
5,000
3,000
1,952
15,000
1,000
65,000
1,400
5,000
3,000
2,500
4,000
4,780
5,000
7,480
6,000
204,407
982,553		 Resources
Movement
expended
in funds
£
£
(623,983)
154,163
(12,586)
-
(21,000)
-
(32,246)
(836)
(500)
-
(3,000)
-
(14,881)
(9,082)
(15,131)
(15,131)
(5,000)
-
(3,000)
-
(1,952)
-
(9,997)
5,003
(1,000)
-
(65,000)
-
-
1,400
(5,000)
-
(3,000)
-
-
2,500
(4,000)
-
-
4,780
(5,000)
-
-
7,480
(6,000)
-
(208,293)
(3,886)
(832,276)
150,277

Designated funds:

Buildings dilapidation and repairs - Kingsmead Square - Designated Fund to enable reactive repairs and dilapidations to Kingsmead Square to ensure the building is in a good state of repair and meets health and safety requirements

Buildings dilapidation and repairs - St Michaels - Designated Fund to enable reactive repairs and dilapidations to St. Michaels Centre to ensure the building is in a good state of repair and meets health and safety requirements

Development and innovation - Designated Fund to support innovation through the creation of new services and/or the development of our existing services. Use of the Designated Fund is subject to robust business case development, project planning and sign-off by the Board.

Restricted funds:

Age UK - Grants in respect of Information and Advice services and central administrative costs.

Big Lottery (Building Connections programme) - Grant to launch and run the Later Life Connections project, connecting lonely older people to relevant services

D-Care - Grant to support Dementia Care

Peoples Postcode Lottery - Grant to fund additional Information and Advice staff resource

The R.McAlpine Foundation - Grant to fund Befriending services

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Ralph & Irma Sperring - Grant to support the Active programme and the Midsomer Norton Hub activities.

Transport - various grants for transport costs

Independent Age - funding for day services staff

Leonard Laity Stoate Charitable Trust - Befriending Service

Midsomer Norton - funding for Midsomer Norton covid support for isolated older people National Lottery Community Fund - Covid-19 Crisis Response

Quartet Community Foundation, Bath Community Wellness Fund - for Wellness

Quartet Community Foundation, Coronavirus Response Fund - for one to one support

Quartet Community Foundation, Surviving Winter Grant - for one to one support

Quartet Community Foundation, Express Fund - for mental health training

Robert McAlpine Foundation - for befriending services

Schroder Charity Trust - for befriending services

The Sperring Charity - for Midsomer North services

The Clothworkers Foundation - for IT equipment

The Truemark Trust - for the singing bus

Virgin Care - for providing ipads to vulnerable adults

West of England Combined Authority - Community Transport funding for transport costs

Befriending - various grants to support the befriending service

Dementia - Bath/Midsomer Norton - various grants to fund the day clubs in Bath and Midsomer Norton

Dementia - Keysham - various grants to fund the day clubs in Keysham

Digital inclusion - funding for the digital inclusion project

Home from Hospital - various grants to fund the Home from Hospital service

Workforce Fund - funding for a Community Wellbeing Coordinator

Information and Advice - various grants for the I&A service

23. EMPLOYEE BENEFIT OBLIGATIONS

The pension cost charge represents contributions payable by the charity to the scheme and amounted to £20,596 (2021: £35,343). At 31 March 2022 £251 (2021: £37) of contributions were payable.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

24. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There were no related party transactions for the year ended 31 March 2022.

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Opinion

We have audited the financial statements of Age UK Bath and North East Somerset Ltd (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the provision of services to the elderly, we identified that the principal risks of non-compliance with laws and regulations related to safeguarding, health and safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Statement of Recommended Practice.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, and potential lack of segregation of duties. Audit procedures performed by the audit engagement team included:

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Other matters which we are required to address

The prior year figures are unaudited.

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Report of the Independent Auditors to the Members of Age UK Bath and North East Somerset Ltd

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare (Senior Statutory Auditor) for and on behalf of Monahans Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: ............................................. 27 January 2023

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Age UK Bath and North East Somerset Ltd

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Provision of services
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of services
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Statement of Financial Activities
for the Year Ended 31 March 2022
Unrestricted
Restricted
funds
funds
Notes
£
£
3
365,071
186,579
577,973
35,842
4
6,593
-
5
23
-
949,660
222,421
7
62,065
-
8
714,762
123,813
776,827
123,813
172,833
98,608
494,585
30,370
667,418
128,978		 Statement of Financial Activities
for the Year Ended 31 March 2022
Unrestricted
Restricted
funds
funds
Notes
£
£
3
365,071
186,579
577,973
35,842
4
6,593
-
5
23
-
949,660
222,421
7
62,065
-
8
714,762
123,813
776,827
123,813
172,833
98,608
494,585
30,370
667,418
128,978		 2022
Total
funds
£
551,650
613,815
6,593
23
1,172,081
62,065
838,575
900,640
271,441
524,955
796,396		 2021
Total
funds
£
264,966
696,351
20,031
1,205
982,553
68,264
764,012
832,276
150,277
374,678
524,955
Notes
3
4
5
7
8		 Unrestricted
funds
£
365,071
577,973
6,593
23
949,660
62,065
714,762
776,827
172,833
494,585
667,418

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Balance Sheet
31 March 2022
Notes
FIXED ASSETS
Tangible assets
16
Investments
17
CURRENT ASSETS
Debtors
18
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
19
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
22
Unrestricted funds:
General fund
Buildings dilapidation and repairs - Kingsmead
Square
Buildings dilapidation and repairs - St. Michaels
Minibus replacement
Development and innovation
Restricted funds
TOTAL FUNDS		 2022
£
3,137
10
3,147
284,350
561,465
845,815
(52,566)
793,249
796,396
796,396
416,277
37,954
14,825
-
198,362
667,418
128,978
796,396		 2021
£
7,525
10
7,535
58,126
508,317
566,443
(49,023)
517,420
524,955
524,955
421,806
37,954
14,825
20,000
-
494,585
30,370
524,955

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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 27 Jan 2023 (UTC)

Nicola Gregson

............................................. N A Gregson - Trustee

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Cash Flow Statement
for the Year Ended 31 March 2022
2022
Notes
£
Cash flows from operating activities
Cash generated from operations
1
53,125
Net cash provided by operating activities
53,125
Cash flows from investing activities
Purchase of tangible fixed assets
-
Interest received
23
Net cash provided by/(used in) investing activities
23
Change in cash and cash equivalents in
the reporting period
53,148
Cash and cash equivalents at the
beginning of the reporting period
508,317
Cash and cash equivalents at the end of
the reporting period
561,465		 2021
£
204,310
204,310
(10,017)
1,205
(8,812)
195,498
312,819
508,317

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Notes to the Cash Flow Statement for the Year Ended 31 March 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2022 2021
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 271,441 150,277
Adjustments for:
Depreciation charges 4,388 6,117
Interest received (23) (1,205)
(Increase)/decrease in debtors (226,224) 48,394
Increase in creditors 3,543 727
Net cash provided by operations 53,125 204,310
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 508,317 53,148 561,465
508,317 53,148 561,465
Total 508,317 53,148 561,465

The notes form part of these financial statements

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements for the Year Ended 31 March 2022

1. GENERAL INFORMATION

Age UK Bath and North East Somerset is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address can be found in the Trustees' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about Age UK Bath and North East Somerset Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The charity's trading subsidiary, Age UK (BANES) Trading Limited, ceased trading on 31 March 2017.

Critical accounting judgements and key sources of estimation uncertainty

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions

None

Critical areas of judgement

None

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

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 Bank.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on straight line basis Motor vehicles - 25% on straight line basis Computer equipment - 33% on straight line basis

Fixed assets costing in excess of £500 (per individual item) are capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are to be used for specified purposes as laid down by the donor which have been raised by the charity for specific purposes. Expenditure which meets these criteria is identified to the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charitable trust only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the academy trust and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Amounts due to the charity’s wholly owned subsidiary are held at face value less any impairment.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Amounts due to charity’s wholly owned subsidiary are held at face value less any impairment.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

continued...

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Age UK Bath and North East Somerset Ltd
Notes to the Financial Statements- continued
for the Year Ended 31 March 2022
3.
DONATIONS AND LEGACIES
Donations and grants
Legacies
4.
OTHER TRADING ACTIVITIES
Room hire
Sundry income
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Provision of services
Income from charged for
services to beneficiaries of
the charity
Provision of services
Contract for services
Provision of services
Activity
Grants
Contract
Fees
Transport
-
-
2,172
Community Connections
-
117,412
94,667
Advice and Information
11,842
23,763
-
At Home
-
-
123,775
Home from Hospital
-
200,832
-
Nail cutting
-
15,352
-
Later Life Connections
24,000
-
-
Other
-
-
-
Total
35,842
357,359
220,614
Grants received, included in the above, are as follows:
Age UK
Big Lottery
Coronavirus Job Retention Scheme		 2022
£
280,706
270,944
551,650
2022
£
2,180
4,413
6,593
2022
£
23
2022
£
35,842
220,614
357,359
613,815
2022
£
Total
2,172
212,079
35,605
123,775
200,832
15,352
24,000
-
613,815
2022
£
35,842
-
-
35,842		 2021
£
254,566
10,400
264,966
2021
£
280
19,751
20,031
2021
£
1,205
2021
£
99,710
108,845
487,796
696,351
2021
£
Total
3,247
97,707
57,849
105,598
331,269
15,352
31,410
29,919
672,351
2021
£
45,000
31,410
23,300
99,710

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

7. RAISING FUNDS

Raising donations and legacies

Staff costs
Sundries
Support costs		 2022
£
16,465
14,474
31,126
62,065		 2021
£
35,127
22,877
10,260
68,264

8. CHARITABLE ACTIVITIES COSTS

CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 9) note 10) Totals
£ £ £
Provision of services 589,910 248,665 838,575

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Analysis of direct costs

Activity
Transport
Community Connections
Advice and Information
At Home
Home from Hospital
Nail cutting
Befriending
Digital inclusion and Special
Projects
Later Life Connections
Total		 Direct staff
costs
41,321
122,081
62,135
62,139
153,060
6,048
9,550
-
5,749
462,083		 Other direct
costs
18,940
73,176
5,094
12,981
14,911
739
825
933
228
127,827		 Support costs
4,791
72,078
32,571
40,600
73,605
7,392
4,580
13,040
8
248,665		 2022
£
Total
65,052
267,335
99,800
115,720
241,576
14,179
14,955
13,973
5,985
838,575		 2021
£
60,391
188,642
96,762
109,948
210,465
14,997
35,679
14,881
32,245
764,011

Basis of allocation of support costs: Percentage of staff time

10. SUPPORT COSTS

Governance
Management
costs
£
£
Raising donations and legacies
31,126
-
Provision of services
238,540
10,125
269,666
10,125		 Totals
£
31,126
248,665
279,791

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

10. SUPPORT COSTS - continued

Analysis of support costs

Analysis of support costs
Staff costs
Premises
Office costs, IT and governance
Other staff/volunteer costs		 2022
£
150,598
33,253
58,333
37,607
279,791		 2021
£
161,743
24,816
55,844
7,385
249,788

11. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration
Depreciation - owned assets
Accountancy and independent examination
Operating lease charge - rent
Operating lease charge - other		 2022
£
10,125
4,388
-
24,880
2,636		 2021
£
-
6,117
2,500
24,880
2,588

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2022
£
583,817
24,733
20,596
629,146		 2021
£
583,336
24,872
35,343
643,551

The average monthly number of employees during the year was as follows:

Staff
Casual employees		 2022
36
50
86		 2021
35
23
58

No employees received emoluments in excess of £60,000.

The average full time equivalent staff numbers were 19.

The key management personnel of the charity comprise the Trustees and the senior management personnel as listed on page 3. The total employee benefits of the key management personnel of the charity were £156,374 (2021: £177,760).

Included in prior year staff costs is an amount of £1,969 paid as redundancy to 1 staff member.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements- continued to the Financial Statements- continued
for the Year Ended 31 March 2022
14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 136,969 127,997 264,966
Charitable activities
Provision of services 619,941 76,410 696,351
Other trading activities 20,031 - 20,031
Investment income 1,205 - 1,205
Total 778,146 204,407 982,553
EXPENDITURE ON
Raising funds 68,264 - 68,264
Charitable activities
Provision of services 555,720 208,292 764,012
Total 623,984 208,292 832,276
NET INCOME/(EXPENDITURE) 154,162 (3,885) 150,277
Transfers between funds 4,780 (4,780) -
Net movement in funds 158,942 (8,665) 150,277
RECONCILIATION OF FUNDS
Total funds brought forward 335,642 39,036 374,678
TOTAL FUNDS CARRIED FORWARD 494,584 30,371 524,955
15. GOVERNMENT GRANT
2022 2021
£ £
Big Lottery - 31,410
HM Revenue and Customs - 23,300
Bath and NE Somerset Council 37,500 20,000
BANES NHS 80,745 -
National Lottery Community fund - 65,000

There were no unfulfilled conditions or other contingencies attached to these grants. The charity has not directly benefited from any other forms of government assistance.

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

16. TANGIBLE FIXED ASSETS

COST
At 1 April 2021 and 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
17.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2021 and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Fixtures
and
fittings
£
33,934
33,934
-
33,934
-
-		 Motor
Computer
vehicles
equipment
Totals
£
£
£
51,340
48,205
133,479
50,090
41,930
125,954
1,250
3,138
4,388
51,340
45,068
130,342
-
3,137
3,137
1,250
6,275
7,525
Shares in
group
undertakings
£
10
10
10

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Age UK (BANES) Trading Limited

Registered office: United Kingdom Nature of business: Dormant

%
Class of share:
holding
Ordinary
100
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 2022
£
50,110
234,240
284,350		 2021
£
3,769
54,357
58,126

18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals		 2022
£
17,444
8,357
251
26,514
52,566		 2021
£
4,916
7,261
626
36,220
49,023

20. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years
In more than five years		 2022
£
24,195
72,762
-
96,957		 2021
£
23,625
87,200
7,267
118,092

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
3,137
Investments
10
Current assets
744,356
Current liabilities
(80,085)
667,418		 Restricted
funds
£
-
-
101,459
27,519
128,978		 2022
Total
funds
£
3,137
10
845,815
(52,566)
796,396		 2021
Total
funds
£
7,525
10
566,443
(49,023)
524,955

P

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS

At 1.4.21
£
Unrestricted funds
General fund
421,806
Buildings dilapidation and repairs -
Kingsmead Square
37,954
Buildings dilapidation and repairs - St.
Michaels
14,825
Minibus replacement
20,000
Development and innovation
-
494,585
Restricted funds
Big Lottery
6,535
D-Care
7,452
Independent Age
5,003
Quartet Bath Community Wellness
1,400
Quartet Community Foundation Express
Fund
2,500
Digital Inclusion
7,480
Home From Hospital
-
Information and Advice
-
Workforce Fund
-
30,370
TOTAL FUNDS
524,955
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Development and innovation
Restricted funds
Big Lottery
Other
D-Care
Midsomer Norton
Transport
Independent Age
Quartet Bath Community Wellness
Quartet Community Foundation Express
Fund
Befriending
Dementia - Bath/Midsomer Norton
Dementia - Keynsham
Digital Inclusion
Home From Hospital
Information and Advice
Workforce Fund
TOTAL FUNDS

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Buildings dilapidation and repairs -
Kingsmead Square
Buildings dilapidation and repairs - St.
Michaels
Minibus replacement
Restricted funds
Big Lottery
D-Care
Peoples Postcode Lottery
Independent Age
Quartet Bath Community Wellness
Quartet Community Foundation Express
Fund
The Clothworkers Foundation
Virgin Care
TOTAL FUNDS		 At 1.4.20
£
262,863
37,954
14,825
20,000
335,642
7,371
16,534
15,131
-
-
-
-
-
39,036
374,678		 Net
movement
in funds
£
154,163
-
-
-
154,163
(836)
(9,082)
(15,131)
5,003
1,400
2,500
4,780
7,480
(3,886)
150,277		 Transfers
between
funds
£
4,780
-
-
-
4,780
-
-
-
-
-
-
(4,780)
-
(4,780)
-		 At
31.3.21
£
421,806
37,954
14,825
20,000
494,585
6,535
7,452
-
5,003
1,400
2,500
-
7,480
30,370
524,955

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Age UK - Grants and Support
Later Life Connections
Big Lottery
Tesco Groundwork
Ralph and Irma Sperring Charity
D-Care
Peoples Postcode Lottery
The R.McAlpine Foundation
Midsomer Norton
Transport
Independent Age
Leonard Laity Stoate Charitable Trust
National Lottery Community Fund
Quartet Bath Community Wellness
Quartet Coronavirus Response Fund
Quartet Community Foundation Surviving
Winter Grant
Quartet Community Foundation Express
Fund
Schroder Charity Trust
The Clothworkers Foundation
The Truemark Trust
Virgin Care
West of England Combined Authority
TOTAL FUNDS		 Incoming
resources
£
778,146
12,586
21,000
31,410
500
3,000
5,799
-
5,000
3,000
1,952
15,000
1,000
65,000
1,400
5,000
3,000
2,500
4,000
4,780
5,000
7,480
6,000
204,407
982,553		 Resources
Movement
expended
in funds
£
£
(623,983)
154,163
(12,586)
-
(21,000)
-
(32,246)
(836)
(500)
-
(3,000)
-
(14,881)
(9,082)
(15,131)
(15,131)
(5,000)
-
(3,000)
-
(1,952)
-
(9,997)
5,003
(1,000)
-
(65,000)
-
-
1,400
(5,000)
-
(3,000)
-
-
2,500
(4,000)
-
-
4,780
(5,000)
-
-
7,480
(6,000)
-
(208,293)
(3,886)
(832,276)
150,277

Designated funds:

Buildings dilapidation and repairs - Kingsmead Square - Designated Fund to enable reactive repairs and dilapidations to Kingsmead Square to ensure the building is in a good state of repair and meets health and safety requirements

Buildings dilapidation and repairs - St Michaels - Designated Fund to enable reactive repairs and dilapidations to St. Michaels Centre to ensure the building is in a good state of repair and meets health and safety requirements

Development and innovation - Designated Fund to support innovation through the creation of new services and/or the development of our existing services. Use of the Designated Fund is subject to robust business case development, project planning and sign-off by the Board.

Restricted funds:

Age UK - Grants in respect of Information and Advice services and central administrative costs.

Big Lottery (Building Connections programme) - Grant to launch and run the Later Life Connections project, connecting lonely older people to relevant services

D-Care - Grant to support Dementia Care

Peoples Postcode Lottery - Grant to fund additional Information and Advice staff resource

The R.McAlpine Foundation - Grant to fund Befriending services

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. MOVEMENT IN FUNDS - continued

Ralph & Irma Sperring - Grant to support the Active programme and the Midsomer Norton Hub activities.

Transport - various grants for transport costs

Independent Age - funding for day services staff

Leonard Laity Stoate Charitable Trust - Befriending Service

Midsomer Norton - funding for Midsomer Norton covid support for isolated older people National Lottery Community Fund - Covid-19 Crisis Response

Quartet Community Foundation, Bath Community Wellness Fund - for Wellness

Quartet Community Foundation, Coronavirus Response Fund - for one to one support

Quartet Community Foundation, Surviving Winter Grant - for one to one support

Quartet Community Foundation, Express Fund - for mental health training

Robert McAlpine Foundation - for befriending services

Schroder Charity Trust - for befriending services

The Sperring Charity - for Midsomer North services

The Clothworkers Foundation - for IT equipment

The Truemark Trust - for the singing bus

Virgin Care - for providing ipads to vulnerable adults

West of England Combined Authority - Community Transport funding for transport costs

Befriending - various grants to support the befriending service

Dementia - Bath/Midsomer Norton - various grants to fund the day clubs in Bath and Midsomer Norton

Dementia - Keysham - various grants to fund the day clubs in Keysham

Digital inclusion - funding for the digital inclusion project

Home from Hospital - various grants to fund the Home from Hospital service

Workforce Fund - funding for a Community Wellbeing Coordinator

Information and Advice - various grants for the I&A service

23. EMPLOYEE BENEFIT OBLIGATIONS

The pension cost charge represents contributions payable by the charity to the scheme and amounted to £20,596 (2021: £35,343). At 31 March 2022 £251 (2021: £37) of contributions were payable.

continued...

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Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

24. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There were no related party transactions for the year ended 31 March 2022.