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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**
**20**
**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**
- **A Stanson: Chief Operating Officer S Talbot: Community Connections Manager**
- **A Kuhlke: Fundraising and Development Lead**
- **L Martin: Communications and Engagement Lead J Smith: Finance Lead**
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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:
- preventing or relieving the poverty of older people;
- advancing education for older people;
- preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical);
- promoting equality and diversity in relation to older people; ~ assisting older people in need by reason of ill health, disability, financial hardship, social exclusion or other disadvantage; and such other charitable purposes for the benefit of older people as the Trustees may from time to time decide, the outcome of this being the promotion of well-being of older people.
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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## ANNUAL IMPACT REPORT
## 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
- Developing paid for services in order to support the delivery of our charitable objects; Increasing our grant fundraising activity;
- Ensuring efficiency in the use of resources, monitoring expenditure to control costs and safeguard reserves;
- Maintaining good relationships with funders and contractual partners;
- Collaborating with other charitable organisations to make best use of resources and intellectual property;
- Developing new ways of working to ensure Age UK Bath & North East Somerset remains relevant in an ever- changing environment.
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.Specific funding for the development of new or expanded services, and;
- 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: ~
- A quarterly review of the register of principal risks and uncertainties that the charity faces; The establishment of policies, systems and procedures to mitigate those risks identified in the review; and the implementation of procedures designed to mlnimise or mange any potential impact on the charity should those risks materialise.
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
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
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:
- there is no relevant audit information of which the charitable company's auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
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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:
- discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- understanding and review of management's internal controls designed to prevent and detect irregularities, and fraud;
- review of the minutes of the Trustees meetings;
- designing audit procedures to incorporate unpredictability;
- performing analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud;
- review of the financial statements disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;
- enquiring of the Trustees and third-party advisors about actual and potential litigation and claims;
- testing transactions entered into outside of the normal course of the charity's business; and
- identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.
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:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **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:
- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
## **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:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.
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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:
- discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- understanding and review of management's internal controls designed to prevent and detect irregularities, and fraud;
- review of the minutes of the Trustees meetings;
- designing audit procedures to incorporate unpredictability;
- performing analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud;
- review of the financial statements disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;
- enquiring of the Trustees and third-party advisors about actual and potential litigation and claims;
- testing transactions entered into outside of the normal course of the charity's business; and
- identifying and testing journal entries, in particular any journal entries with fraud characteristics such as journals with round numbers.
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...
8b05a415-c08d-4a35-b0e9-67020e38cd5d
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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...
8b05a415-c08d-4a35-b0e9-67020e38cd5d
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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...
8b05a415-c08d-4a35-b0e9-67020e38cd5d
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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.