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2023-03-31-accounts

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Report of the Trustees

2022/23

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TABLE OF CONTENTS

1 - 12

ANNUAL IMPACT REPORT

13 - 14

PART 1: LEGAL & ADMINISTRATIVE INFORMATION

15

PART 2: REPORT OF THE TRUSTEES FOR YEAR ENDED 31ST MARCH 2023

16 - 17

PART 3: FINANCIAL REVIEW

18 - 20 PART 4: STRUCTURE, GOVERNANCE & MANAGEMENT

21....

ACCOUNTS

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ANNUAL IMPACT REPORT

WELCOME

Chair of Trustees

I believe at Age UK Bath & North East Somerset that we have a special opportunity to empower older people. Through dedicated services, effective advocacy and impactful programmes, we can enhance the lives of everyone, creating lasting, positive change in our community.

Our commitment to this cause is unwavering, and together, we can ensure that older people are valued and celebrated, which in turn enriches us all.

We sincerely thank our funders, supporters, dedicated volunteers, and employees for their invaluable contributions.

Most importantly, we acknowledge the inspiring people in Bath & North East Somerset who drive our mission to create a community where everyone can age well.

Your support and dedication is so appreciated. THANK YOU

The COVID-19 pandemic has left a lasting impact on our society, creating new obstacles that we must overcome. During this year people were hit with more uncertainty with the war in Ukraine and Cost of Living Crisis.

Despite these challenges, Age UK Bath & North East Somerset remains steadfast in our commitment to serve older members of our community. We are dedicated to building core services that support people’s wellbeing, while also creating new ways for people to connect and be heard.

Your continued support is essential and we couldn’t do what we do, without you.

Chief Executive Officer

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Our Vision:

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Our vision is to grow an age-friendly community that enables people to age well.

Our Mission:

We support people to age well. We work to enable people to live with confidence,

be heard, be celebrated and have access to the right support so they can live happy, healthy and fulfilled lives.

£870,00

Benefits secured for older people through our I&A service

2,600 6,566 Hours of Hours of meaningful volunteer time conversation & given (equivalent connection to 3.5 full time through staff) Befriending

262

Organisations we work with & refer to in the community

“Volunteering for Age UK Bath & North East Somerset is great. It has opened my eyes to a world of people and initiatives who want to help others. Teaching us if we can be anything - be kind".

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How we raised our money
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600,000

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2022
400,000
2023
200,000
0
I&A Community Connections Home Services Grants & Other
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Grants & Other Legacy

reception@ageukbanes.co.uk 01225 466135 people in the community feel most passionate about....

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2022
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750,000

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2023
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500,000
250,000
0
I&A Home Services Grants & Other
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500,000
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Grants & Other
Legacy
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Community Connections Home Services

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Accessible Information & Advice

“Because of the benefits I receive I worry much less. It is really important to be able to pay for someone to come and clean, change the beds and hoover for me as I am just unable to do that anymore. I feel comfortable ”

The requests we receive for Information and Advice are a window into the challenges and issues that face older people today. It has been Support to those living with another increasingly busy year for this vital service which has increased in demand from last Dementia year by a huge 30%, meaning we have supported over 1,043 people.

Other Challenges

Enquiries about care issues have again, increased, highlighting the strain on our NHS and care services. Our assistance has helped over one hundred people receive Blue Badges from Bath & North East Somerset Council.

Cost of Living

There is no doubt that the Cost of Living Crisis is driving the upsurge in requests for advice. In fact, this year over half of enquiries have been about benefits. We are thrilled to have secured a staggering £870,149.80 of extra money into older people's pockets who otherwise may have missed out on this financial support they were entitled to.

Funding our core work of the team is difficult in this financial climate despite the obvious need for the service. Despite this we have received £21,781 from Age UK National and an extremely generous donation of £10,000 from a local trust when one of their trustees experienced firsthand, the valuable service we provide.

We've visited 320 people at home to provide quality services to those who can’t get out and about. By Autumn 2023, we'll have increased appointment capacity by moving to accessible premises.

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Our Home Response and Home From Hospital services play an integral role in supporting local hospitals and the community. By offering short-term practical and emotional support until people feel confident and well again, we help to prevent unnecessary re-admissions to hospital.

Our Wellbeing Support Workers are the unsung heroes of our organisation. In the past year, they have completed 2,774 visits (averaging nearly 8 every day) providing nurturing, practical, and complex support to individuals. This greatly impacts their confidence and overall well-being. The positive ripple effect is felt not only by the individual but also by their family, the community, and other services.

Home Services

“I have worked as a Wellbeing Support Worker for over four years and love visiting my Home from Hospital and At Home clients. They give me as much pleasure as I give them, I’d hoped to be able to make a difference in the community and the joy I get from my visits has exceeded all expectations. I absolutely love it!” Nikki, Wellbeing Support Worker

We were thrilled to increase our impact in the community by successfully securing the contract to provide these services in Wiltshire. Since we have taken this on, our referrals have grown by 100% reaching even more people leaving the Royal United Hospital Bath, Salisbury Foundation Trust Hospital, Great Western Hospital Swindon, and Community hospitals in Savernake, Chippenham and Warminster.

We are proud to work in collaboration with many organisations like Bath Mind, We Care Home Improvements, The Stroke Association and The Carers Centre, and continue to distribute Help Packs from the RUH. These packs provide meals, toiletries, follow-up calls for people as they leave the hospital, which if needed can trigger a referral to our Home from Hospital team as well to provide home visit.

We have exciting plans to further grow this service by working with the Community Wellbeing Hub and having a permanent presence at the RUH. We will also lead the distribution of the Help Packs.

A PROUD PARTNER IN THE

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ANNUAL IMPACT REPORT

At Home

Our At Home Service continues to be in high demand and provides a crucial lifeline to many people. The regular practical support provided by our expert Wellbeing Support Workers enables individuals to maintain their independence in their own homes for as long as possible. This year we made over 3,600 visits to give support in and around the home.

As individuals age and their needs become more complex, we understand that the level of support required from us may increase. The slight decrease in numbers this year is typical of the ebb and flow of the transition of existing long-term individuals leaving us, such as those requiring increased nursing care, and new people joining the service. Our focus is now on marketing and increasing numbers for the next phase of the service.

“You’ve been a real saviour. Thanks for shopping and cleaning. I don’t know how I would have managed without you. I now have time and energy for the things I love doing!”

Digital Inclusion

Research shows that those most likely not to have internet access at home are those aged 75+ (26%), those in low income households and the most financially vulnerable (24%). We are passionate about helping to bridge the digital divide.

We were thrilled to launch our Digital Inclusion Project at the end of the year which has seen nearly 60 people being given digital support already. We run a Click Café and Digital Drop ins, and linked with the Council to support Voter Photo ID. Next, we will launch our Tablet Loan Scheme, recruit Digital Volunteers and offer home visits.

"Click Café has given me the confidence to explore the internet. They've helped me load photos from my camera and send them with email. We've even used satellite images to revisit places I've been in the past to see how they have changed."

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ANNUAL IMPACT REPORT

Befriending

The impact of regular meaningful connections is simply unmeasurable in terms of benefits on mental health, confidence and wellbeing. So, It is no surprise that demands for Befrienders continue to rise and especially those that are face to face. We continue to facilitate these successful friendships and this year there were over 2,600 hours of conversations had through Befriending.

MARIANS STORY

“I am still a sociable person at heart. But I had no one really after my husband John died. I felt lonely and like a boring person but I wasn’t always like that.

We were always out, John and me. We travelled to many countries. We’d do tennis and boules tournaments together. I used to dance and compete. I have all my medals for ballroom dancing – fox trot, tango, quick step and waltz.

Being by yourself so much, like I am, can make you feel quite alone in the world like you don’t have anyone. It is nice to have a connection with another person like Deborah, my friend.

Deborah is more than someone coming for a chat, she and I are friends. She calls me and says she’ll be here on the weekend and I look forward to it so much. It is so nice to know that someone is coming that day, in person, it really lifts my spirits. Deborah says she enjoys it too. Our meet-ups have evolved into a real friendship.

"Our meet-ups have evolved into a real friendship which rewards us both. "

We have lots in common. She loves to play tennis too but mainly we just chat about the last week, how her family are and what’s going on in the world. Sometimes she reads me memories from my travel journals with John, which means a lot. We’ve talked about going out for walks but usually, we just natter instead, which I love”.

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ANNUAL IMPACT REPORT

Social Groups

As an organisation that is passionate about building an Age-Friendly Community, we were keen to re-evaluate the limited framework our Day Clubs had been working under, due to Covid 19 restrictions. We want to ensure that older people are at the centre of everything we do and although work is ongoing, feedback shows members now feel the newly named Social Groups are going from strength to strength.

BATH

Nina and Barb, who've become firm friends after joining our social group. They're living proof that laughter is indeed the best At Home medicine!

KEYNSHAM

“You could say that we have bonded over a love of dominos but it is more than that. Our friendship has really flourished because of this group. So much so that we meet at each other's houses for a meal and chat and sometimes go to the pub for a roast.”

MIDSOMER NORTON

“This group has been a lifeline for me. I didn’t know a soul when I moved here and now I have a social group. The group keeps me sane and we are always doing fun and entertaining activities which I really enjoy. “

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ANNUAL IMPACT REPORT
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Dementia
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We are proud that our work in the community for people with dementia and memory issues goes from strength to strength. We have done this by expanding our programme, raising awareness, building stronger community partnerships and growing our volunteer base.

We now run four weekly groups in Keynsham, Midsomer Norton, Bath and the Chocolate Quarter Retirement Village, helped by an influx of new incredible volunteers.

Members and their carers tell us what a profound difference these stimulating and interesting groups make to confidence, memory and wellbeing.

We continue to partner with dementia-focused organisations, including Alzheimer's Society, Curo, St. John's Trust, The Carers Centre, The West of England Rural Network, and the NHS.

Our collaboration with the RICE Clinic allows attendees to transition smoothly from a 7-week program to our Maintenance Cognitive Stimulation Therapy groups.

“The Memory Group is actually the highlight of my week. It is not only a wonderful friendship group, just as importantly, I am stimulated, and I have to think hard. I am encouraged to speak, and I am made to feel that I contribute. I feel that I am valued”

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ANNUAL IMPACT REPORT

Other Groups

Listening to the needs of the community, we continue to build our Volunteer led activity groups across Bath & North East Somerset with Cooking, Singing and Digital groups.

Warm Spaces

With the rising cost of fuel doubling with a cold winter, we were awarded a grant by the Council’s Community Contribution Fund to take part in the Warm Spaces for Winter initiative working with a number of organisations across the county. This meant attendees at our our new Warm Space ‘Snack & Chat Café’ quadrupled over a few weeks with people knowing there was somewhere warm, friendly and sociable where they could get a hot lunch and drinks. This group has proved so popular that we continue to run it with free lunch and refreshments.

Kathleen Still runs our popular Singing for Fun and new Singing to Remember groups.

She was recognised for her unwavering enthusiasm and dedication and crowned Volunteer of the Year at the Bath & North East Somerset Council Community Awards, with a tree being planted in her name.

Volunteers

Our Volunteers underpin everything that we do and gift us thousands of hours of time. In fact, their time was equivalent to over three and a half full-time staff last year. We simply wouldn’t have been able to reach the huge number of people without them.

Evolving all the time, our voluntary roles are varied with this year paying particular attention to face-to-face Befrienders, Mini Bus Companions and support to increase group size at our Social Groups.

We are proud of our continued connections with St Mungos and the Red Cross who provide free training to all new starters.

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ANNUAL IMPACT REPORT

YOUR OPINION & VOICE MATTERS

Communication and Engagement continues to have a meaningful impact on Age UK Bath & North East Somerset.

We've taken a proactive approach to advocacy, actively listening to older people's concerns and amplifying their voices in the community and beyond. Notably, we've encouraged individuals to engage with their MPs, and Local Authorities addressing the cost of living challenge, price of fuel, transport cuts and voter ID.

Our advocacy efforts have also secured media attention, particularly regarding proposed transport cuts and the need for voter ID where we have had BBC, local radio and media coverage. These campaigns have helped position Age UK Bath & North East Somerset as a leading advocate for older adults.

In September, we opened our Annual General Meeting to the public, inviting people to ‘Have their Say’ on their experience of ageing in Bath & North East Somerset. This event marked a pivotal moment in developing our mission, vision, and messaging, which have since been updated to better align with age-friendly principles.

COMMUNICATION & ENGAGEMENT

Moving forward, Age UK Bath & North East Somerset remains dedicated to embedding our messaging across all communication channels, strengthening our advocacy efforts, and ensuring that the voices and opinions of older people are heard and respected. Our commitment to celebrating aging and enhancing the well-being of older adults in Bath & North East Somerset remains unwavering.

Our commitment to providing valuable information is exemplified by our interviews during Dementia Awareness Week on the BBC about dementia signs and support, establishing us as a thought leader in this field.

Notable initiatives like "The Big Hush" during Loneliness Week and our Loneliness Christmas Bus secured substantial media attention, shedding light on the issue of social isolation among older adults.

“Our aim is simple really, we want more people to be talking about dementia and how we can all play a part in helping people to age well in our community. And part of that is understanding the condition more and not making assumptions of people.” Paul Watermeyer on BBC Bristol

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ANNUAL IMPACT REPORT

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Fundraising
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We couldn’t do everything we do without the financial support of our community, local businesses, Trusts, Foundations and grant makers. The funding we receive directly contributes to the costs of running our services and allows our front-line staff to do what they do best!

We were delighted to receive a grant for the first time from the Joseph Matthews Trust in early 2023. They awarded us just over £10,000 for our Information and Advice Service. What is even more amazing is that the donation came about after a family member of one of the trustees was helped by one of our advisors and they were so pleased with the support we gave that they put us forward to their fellow trustees.

We were honoured to once again be recipients of a grant from the Roper Family Charitable Trust to the core costs of the organisation. The Roper family have been long time supporters of our work, as they are of so many causes in Bath & North East Somerset, and we are extremely grateful for their support.

We received two-year funding for our new Digital Inclusion project from the Royal United Hospital’s ‘NHS Community Partnerships Fund’. It’s fantastic to have the safety net of funding to be able to get this project off the ground and to work in partnership with the NHS to ensure everybody has the opportunity to be online.

We also received nearly £10,000 in voluntary donations this year. This is thanks to the people who use our services, friends and family making donations in memory of their loved ones, local businesses and members of our community. It’s wonderful when people show their gratitude in this way.

We received over £7,000 in legacies this year thanks to two generous benefactors. It’s humbling to know that people have chosen to remember us in their will alongside their loved ones.

With thanks to the partners we have worked with or who have funded us this year including:

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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: Sumer Audit, Statutory Auditors, Firefly Avenue, Swindon, Wiltshire, SN2 2GA

Senior Personnel:

S G Allen: Chief Executive Officer

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tly by Age UK Bath & North Eas
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TRUSTEES:

N GREGSON (CHAIR) S MCNAB 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) R GREIG L ENWISTLE (APPPOINTED 09/05/2022)

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REPORT OF THE TRUSTEES

Part 2: Report of the Trustees for Year Ended 31st March 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)

Our Charitable Objects and Activities

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

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

We work with people later in life to understand the issues that effect them; enabling people to live independently for as long as people want or are able to. Our activities include Social Groups, Memory Groups, Peer-led Groups, Information and Advice, Home from Hospital service, Befriending and Digital Inclusion Projects. 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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REPORT OF THE TRUSTEES

Part 3: Financial Review

We are reporting a deficit of income over expenditure of £104, 458

The financial investments and policies of the organisation are reviewed on a regular basis. It was decided by the Finance + Committee on 17.07.2023 to invest our reserves in a range of interest generating accounts to improve our return.

The financial position of the charity remains robust in the medium term with unrestricted reserves of £484,057.

However, the Charity faces significant challenges in generating new revenue streams to fulfil its charitable objectives, meet the ever-increasing needs of the rising number of people in later life whilst managing increased costs and maintaining our ambition to be a good employer which pays a living wage.

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 our level of successful income generation has meant we now no longer meet the criteria for many of our previous funders.

This presents challenges to our ability to meet increased demand for our services.

In order to mitigate this, we are

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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 Integrated Care Board, various grants and income through our Social Groups & At Home Service.

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 2022/23 financial year the trustees have assessed the reserves needed, based upon the above criteria, as a minimum of 3 months expenditure.

The total value of funds held at the balance sheet date was £691,938 (2021/22: £796,396). The value of restricted funds was £207,881 (2021/22: £128,978). Designated funds of £251,141 (2021/22: £251,141) are held to support specific future projects.

Therefore, the free reserves of the charity are £212,924 (2021/22: £413,140)

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 Executive Officer. External training is used where relevant, together with appropriate publications (e.g. Charity Commission).

Organisational Structure

The Board meets regularly and has maintained sub-committees: Finance+ Committee | Services+ Committee | Communications+ Committee. Day to day operational decisions are delegated to the Chief Executive 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 as well as increases in our Charging Policy.

Going Concern

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

The charity has net assets of £691,938 at the year end. The charity has a cash balance of £695,073. There was a net decrease in funds for the year of £104,458. Although the charity made a deficit of £183,361 on unrestricted funds, the balance sheet remains strong and HCRG Care Group have confirmed extension of the contract to March 2025. On this basis, the trustees consider it appropriate to prepare the financial statements on the going concern basis. This assumes that the charity will continue in operational existence for the foreseeable future. In making this assessment the trustees have reviewed the balance sheet, the likely future cash flows of the charity and have considered the funds available at this point in time.

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REPORT OF THE TRUSTEES

Risk Management

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

The trustees' risk management strategy comprises: ~

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

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.

Fundraising Standards Compliance

Over the past year, Age UK Bath & North East Somerset has upheld a robust framework for fundraising activities. We employ a dedicated Fundraising & Development Lead to manage these initiatives, eliminating the need for external professional fundraisers or commercial participators. While we are not part of any voluntary scheme for regulating fundraising, we have had no instances of non-compliance nor have we received no complaints related to fundraising activities. Our Finance Committee frequently reviews fundraising activities, ensuring alignment with the Age UK Charity Quality Standards. To protect adults at risk and the general public, we strictly adhere to our Code of Conduct, Fundraising Policy, and Safeguarding Policies & Procedures.

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REPORT OF THE TRUSTEES

Statement of Trustees' Responsibilities

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

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

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Auditors

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

Approved by order of the board of trustees on 7th October 2023 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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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 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

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

Other information

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

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

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

Opinions on other matters prescribed by the Companies Act 2006

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

Matters on which we are required to report by exception

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

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

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

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;

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.

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

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 Sumer Audit Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Date: ............................................. 29 December 2023

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Statement of Financial Activities for the Year Ended 31 March 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
6
Provision of services
Other trading activities
4
Investment income
5
Total
EXPENDITURE ON
Raising funds
7
Charitable activities
8
Provision of services
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
£
69,785
855,233
2,852
1,882
929,752
34,260
1,078,853
1,113,113
(183,361)
667,418
484,057		 Restricted
funds
£
254,817
-
-
-
254,817
-
175,914
175,914
78,903
128,978
207,881		 2023
Total
funds
£
324,602
855,233
2,852
1,882
1,184,569
34,260
1,254,767
1,289,027
(104,458)
796,396
691,938		 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

The notes form part of these financial statements

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd (Registered number: 05367286)

Balance Sheet
31 March 2023
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
Development and innovation
Restricted funds
TOTAL FUNDS		 2023
£
19,992
10
20,002
59,675
695,073
754,748
(82,812)
671,936
691,938
691,938
232,916
37,954
14,825
198,362
484,057
207,881
691,938		 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

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

December 8th 2023

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

Nicola Gregson

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

The notes form part of these financial statements

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Cash Flow Statement
for the Year Ended 31 March 2023
2023
Notes
£
Cash flows from operating activities
Cash generated from operations
1
158,076
Net cash provided by operating activities
158,076
Cash flows from investing activities
Purchase of tangible fixed assets
(37,350)
Sale of tangible fixed assets
11,000
Interest received
1,882
Net cash (used in)/provided by investing activities
(24,468)
Change in cash and cash equivalents in
the reporting period
133,608
Cash and cash equivalents at the
beginning of the reporting period
561,465
Cash and cash equivalents at the end of
the reporting period
695,073		 2022
£
53,125
53,125
-
-
23
23
53,148
508,317
561,465

The notes form part of these financial statements

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Cash Flow Statement for the Year Ended 31 March 2023

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Loss on disposal of fixed assets
Interest received
Decrease/(increase) in debtors
Increase in creditors
Net cash provided by operations		 2023
£
(104,458)
6,978
2,517
(1,882)
224,675
30,246
158,076		 2022
£
271,441
4,388
-
(23)
(226,224)
3,543
53,125

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 561,465 133,608 695,073
561,465 133,608 695,073
Total 561,465 133,608 695,073

The notes form part of these financial statements

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements for the Year Ended 31 March 2023

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 charitable company's ability to continue as a going concern.

The charity has net assets of £691,938 at the year end. The charity has a cash balance of £695,073. There was a net decrease in funds for the year of £104,458. Although the charity made a deficit of £183,361 on unrestricted funds, the balance sheet remains strong and HCRG Care Group have confirmed extension of the contract to March 2025.

On this basis, the trustees consider it appropriate to prepare the financial statements on the going concern basis. This assumes that the charity will continue in operational existence for the foreseeable future. In making this assessment the trustees have reviewed the balance sheet, the likely future cash flows of the charity and have considered the funds available at this point in time.

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

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

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.

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Income

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.

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...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued

for the Year Ended 31 March 2023

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
Transport
-
5,557
Community Connections
-
119,975
Advice and Information
14,872
24,284
At Home
-
-
Home from Hospital
-
451,952
Nail cutting
-
15,352
Later Life Connections
-
-
Total
14,872
617,120
Grants received, included in the above, are as follows:
Age UK		 Fees
-
118,261
-
104,980
-
-
-
223,241		 2023
£
317,593
7,009
324,602
2023
£
2,160
692
2,852
2023
£
1,882
2023
£
14,872
223,241
617,120
855,233
2023
£
Total
5,557
238,236
39,156
104,980
451,952
15,352
-
855,233
2023
£
14,872		 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

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

7. RAISING FUNDS

Raising donations and legacies

Staff costs
Sundries
Support costs
8.
CHARITABLE ACTIVITIES COSTS
Provision of services
9.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Analysis of direct costs
Activity
Direct staff
costs
Transport
60,438
Community Connections
146,627
Advice and Information
67,278
At Home
97,422
Home from Hospital
314,592
Nail cutting
6,896
Befriending
17,479
Digital inclusion and Special
Projects
8,759
Later Life Connections
-
Total
719,491		 Other direct
costs
41,975
91,600
26,318
12,255
19,654
-
708
-
-		 2023
£
25,088
1,563
7,609
34,260
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
912,001
342,766
2023
£

Support costs
Total

6,039
108,452

75,802
314,029

35,337
128,923

30,306
139,983

186,809
521,055

4,431
11,327

4,042
22,229

-
8,759

-
-
342,766
1,254,767		 2023
£
25,088
1,563
7,609
34,260
Direct
Support
Costs (see
costs (see
note 9)
note 10)
£
£
912,001
342,766
2023
£

Support costs
Total

6,039
108,452

75,802
314,029

35,337
128,923

30,306
139,983

186,809
521,055

4,431
11,327

4,042
22,229

-
8,759

-
-
342,766
1,254,767		 2022
£
16,465
14,474
31,126
62,065
Totals
£
1,254,767

2022
£


65,052

267,335

99,800

115,720

241,576

14,179

14,955

13,973

5,985

838,575




















192,510 1,254,767

Basis of allocation of support costs: Percentage of staff time

10. SUPPORT COSTS

Governance
Management
costs
£
£
Raising donations and legacies
7,609
-
Provision of services
332,774
9,992
340,383
9,992		 Totals
£
7,609
342,766
350,375

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

10. SUPPORT COSTS - continued

Analysis of support costs

Staff costs
Premises
Office costs, IT and governance
Other staff/volunteer costs		 2023
£
148,598
32,961
99,255
69,561
350,375		 2022
£
150,598
33,253
58,333
37,607
279,791

11. NET INCOME/(EXPENDITURE)

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

Auditors' remuneration
Depreciation - owned assets
Deficit on disposal of fixed assets
Operating lease charge - rent
Operating lease charge - other		 2023
£
9,992
6,978
2,517
24,880
1,232		 2022
£
10,125
4,388
-
24,880
2,636

12. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

13. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2023
£
822,604
41,728
29,700
894,032		 2022
£
583,817
24,733
20,596
629,146

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

Staff
Casual employees		 2023
49
25
74		 2022
36
50
86

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

The average full time equivalent staff numbers were 31 (2022: 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 (2022: £138,052).

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
365,071
Charitable activities
Provision of services
577,973
Other trading activities
6,593
Investment income
23
Total
949,660
EXPENDITURE ON
Raising funds
62,065
Charitable activities
Provision of services
714,762
Total
776,827
NET INCOME
172,833
RECONCILIATION OF FUNDS
Total funds brought forward
494,585
TOTAL FUNDS CARRIED FORWARD
667,418
15.
GOVERNMENT GRANT
Bath and NE Somerset Council
BANES NHS		 Restricted
funds
£
186,579
35,842
-
-
222,421
-
123,813
123,813
98,608
30,370
128,978
2023
£
18,000
-		 Total
funds
£
551,650
613,815
6,593
23
1,172,081
62,065
838,575
900,640
271,441
524,955
796,396
2022
£
37,500
80,745

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...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

16. TANGIBLE FIXED ASSETS

COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
17.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 April 2022 and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Fixtures
and
fittings
£
33,934
-
-
33,934
33,934
-
-
33,934
-
-		 Motor
Computer
vehicles
equipment
Totals
£
£
£
51,340
48,205
133,479
24,877
12,473
37,350
(15,418)
-
(15,418)
60,799
60,678
155,411
51,340
45,068
130,342
2,887
4,091
6,978
(1,901)
-
(1,901)
52,326
49,159
135,419
8,473
11,519
19,992
-
3,137
3,137
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
18.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income		 2023
£
29,594
30,081
59,675		 2022
£
50,110
234,240
284,350

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

19. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Other creditors
Accruals		 2023
£
31,889
13,241
222
37,460
82,812		 2022
£
17,444
8,357
251
26,514
52,566

20. LEASING AGREEMENTS

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

Within one year
Between one and five years		 2023
£
21,800
49,050
70,850		 2022
£
24,195
72,762
96,957

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
19,992
Investments
10
Current assets
546,867
Current liabilities
(82,812)
484,057
MOVEMENT IN FUNDS
At 1.4.22
£
Unrestricted funds
General fund
416,277
Buildings dilapidation and repairs -
Kingsmead Square
37,954
Buildings dilapidation and repairs - St.
Michaels
14,825
Development and innovation
198,362
667,418
Restricted funds
Digital Inclusion
44,773
Home From Hospital
25,708
Information and Advice
3,460
Workforce Fund
55,037
Cost of living
-
128,978
TOTAL FUNDS
796,396		 Restricted
funds
£
-
-
207,881
-
207,881
Net
movement
in funds
£
(190,370)
-
-
7,009
(183,361)
(10,253)
111,268
22,925
(55,037)
10,000
78,903
(104,458)		 2023
Total
funds
£
19,992
10
754,748
(82,812)
691,938
Transfers
between
funds
£
7,009
-
-
(7,009)
-
-
-
-
-
-
-
-		 2022
Total
funds
£
3,137
10
845,815
(52,566)
796,396
At
31.3.23
£
232,916
37,954
14,825
198,362
484,057
34,520
136,976
26,385
-
10,000
207,881
691,938

22. MOVEMENT IN FUNDS

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

22. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Development and innovation
Restricted funds
Befriending
Digital Inclusion
Home From Hospital
Information and Advice
Workforce Fund
Cost of living
Community transport
Community connections
Fuel support
TOTAL FUNDS		 Incoming
resources
£
922,743
7,009
929,752
4,000
-
141,300
60,346
-
15,000
9,271
6,300
18,600
254,817
1,184,569		 Resources
expended
£
(1,113,113)
-
(1,113,113)
(4,000)
(10,253)
(30,032)
(37,421)
(55,037)
(5,000)
(9,271)
(6,300)
(18,600)
(175,914)
(1,289,027)		 Movement
in funds
£
(190,370)
7,009
(183,361)
-
(10,253)
111,268
22,925
(55,037)
10,000
-
-
-
78,903
(104,458)

Comparatives for movement in funds

Unrestricted funds
General fund
Buildings dilapidation and repairs -
Kingsmead Square
Buildings dilapidation and repairs - St.
Michaels
Minibus replacement
Development and innovation
Restricted funds
Big Lottery
D-Care
Independent Age
Quartet Bath Community Wellness
Quartet Community Foundation Express
Fund
Digital Inclusion
Home From Hospital
Information and Advice
Workforce Fund
TOTAL FUNDS		 At 1.4.21
£
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		 Net
movement
in funds
£
(5,529)
-
-
-
178,362
172,833
(6,535)
(7,452)
(5,003)
(1,400)
(2,500)
37,293
25,708
3,460
55,037
98,608
271,441		 Transfers
between
funds
£
-
-
-
(20,000)
20,000
-
-
-
-
-
-
-
-
-
-
-
-		 At
31.3.22
£
416,277
37,954
14,825
-
198,362
667,418
-
-
-
-
-
44,773
25,708
3,460
55,037
128,978
796,396

continued...

2fae07f7-6d59-466e-b7d1-b5fc38b6181b

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

22. MOVEMENT IN FUNDS - continued

Comparative 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		 Incoming
resources
£
766,846
182,814
949,660
-
380
-
2,280
10,121
-
-
-
6,000
8,000
600
50,333
25,708
63,962
55,037
222,421
1,172,081		 Resources
expended
£
(772,375)
(4,452)
(776,827)
(6,535)
(380)
(7,452)
(2,280)
(10,121)
(5,003)
(1,400)
(2,500)
(6,000)
(8,000)
(600)
(13,040)
-
(60,502)
-
(123,813)
(900,640)		 Movement
in funds
£
(5,529)
178,362
172,833
(6,535)
-
(7,452)
-
-
(5,003)
(1,400)
(2,500)
-
-
-
37,293
25,708
3,460
55,037
98,608
271,441

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

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

continued...

79d38bf1-9920-477c-a597-e764ed093a93

Age UK Bath and North East Somerset Ltd

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

22. MOVEMENT IN FUNDS - continued

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 £29,700 (2022: £20,596). At 31 March 2023 £222 (2022: £251) of contributions were payable.

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 2023.

25. CONTINGENT LIABILITY

At the time of signing these accounts the charity is in negotiation with the landlord over dilapidations on exiting a property. There is uncertainty as to the amount of the obligation. The trustees believe the amount may be in the region of £25,000.