Report of the Trustees and Unaudited Financial Statements
ForTheYear Ended 30 September 2021
for
GOLDEN-OLDIES
IIAI
At the end of this Financial Year we were able tTrrest2rt'Goldies' sessions
in Engl3nd.Above (left) the group vlho look forward ro their session
inl*Vam)inster and (right) the popular Bollywcod session was able to start
at the HaveringAsian Social WelfareAss¢xtation in East LondorL
REGISTERED COMPANY NUMBEIL- 6309123 (England and Wales)
REGISTERED CHARITY NUMBEIL. 1121600
www.golden-oldies.org.uk
##
##
##
##
|||||||Pages|
|---|---|---|---|---|---|---|
|Trustees'
annual
report (incorporating
the|||director's|report)||1 to 8|
|Independent
examiner's
report||to the trustees|||||
|Statement
offinancial|activities|(including|income and||||
|expenditure
account)||||||10|
|Statement
offinancial|position|||||11 to 12|
|Notes to the financial|statements|||||13to 23|
|The following
pages|do not form part ofthe financial||||statements||
|Detailed statement
of|financial|activities||||25 to 26|
|Notes to the detailed|statement|offinancial|activities|||27 to 28|
##
##
##
##
##
##
##
##
##
##
##
|Reference||and administrative|and administrative|and administrative|details|
|---|---|---|---|---|---|
|Registered||charity|name||Golden-Old)ca|
|Charity registration|||number||1121600|
|Company||registration||number|06369123|
|Principal|office and||registered||Unit 7 Fourth Avenue|
|office|||||Midsomer
Norton|
||||||Radstock|
||||||BA3 4XE|
||||||England|
|The trustees||||||
||||||M T Richardson|
||||||Dr A Stathi|
||||||S M Crick|
||||||Mrs C Gregory|
||||||Dr R Bullock|
||||||J Crick
(Chairman)|
||||||Mr A Humphreys|
||||||MrJJ Franklin|
||||||H Warm|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
||||Note|funds|funds
6|Total funds|Total funds
f|
|Income and endowments||||||||
|Voluntary
income|||5|184,647|20,440|205,087|284,380|
|Charitable
activities|||6|38,761||38,761|64,679|
|Other trading
activities|||7||||803|
|Investment
income|||8|7||7|116|
|Total income||||223,415|20,440|243,855|349,978|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations||and||||||
|legacies|||9|216||216|216|
|Costs ofother trading|activities||10||||2925|
|Expenditure
on charitable|activities||11,12|280,192|590|280,782|328,393|
|Other expenditure|||14|64||64|64|
|Total expenditure||||280,472|590|281,062|331,598|
|Net (expenditure)/income||||(57,057)|19,850|(37,207)|18,380|
|Transfers
between
funds||||74|(74)|||
|Net movement
in funds||||(56,983)|19,776|(37,207)|18,380|
|Reconciliation
offunds||||||||
|Total funds brought
forward||||137,436|3,023|140,459|122,079|
|Total funds carried forward||||80,453|22,799|103,252|140,459|
##
##
##
||||Note|2021||2020f|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible fixed assets|||19||9,778|10,334|
|Investments|||20||1|1|
||||||9,779|10,335|
|Current assets|||||||
|Debtors|||21|44,505||57,708|
|Cash at bank and in|hand|||58,117||78,971|
|||||102,622||136,679|
|Creditors: amounts|falling|due within one year|22|9,149||6,555|
|Net current assets|||||93,473|130,124|
|Total assets less current||liabilities|||103,252|140,459|
|Net assets|||||103,252|140,459|
|Funds of the charity|||||||
|Restricted
funds|||||22,799|3,023|
|Unrestricted
funds|||||80,453|137,436|
|Total charity funds|||23||103,252|140,459|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2021|
|||||||8|E||
|Donations|||||||||
|Grants|and||donations|||184,647|20,440|205,087|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
||||||||8|6|
|Donations|||||||||
|Grants|and||donations|||262,103|22,277|284,380|
|Charitable|||activities||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds|2021|Funds|2020|
||||||6||6||
|Sale of|goods/services|||as part of direct|||||
|charitable||activities|||37,500|37,500|36,001|36,001|
|Goldies|sessions income||||1,261|1,261|28,678|28,678|
||||||38,761|38,761|64,679|64,679|
##
##
##
##
|7.|Other trading|Other trading|activities|activities||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||||Funds|2021|Funds|2020|
|||||||||E||E||
||Fundraising|events||||||||803|803|
|8.|Investment|income||||||||||
||||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||||Funds|2021|Funds|2020|
|||||||||E|E|F|E|
||Deposit account interest|||||||7|7|116|116|
|9.|Costs of raising donations||||and legacies|||||||
||||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||||Funds|2021|Funds|2020|
|||||||||F|E|E|E|
||Costs ofgenerating|||voluntary|income|||216|216|216|216|
|10.|Costs of other trading activities|||||||||||
||||||||Unrestricted||Total Funds|Unrestricted|Total Funds|
|||||||||Funds|2021|Funds|2020|
|||||||||E|E|E|E|
||Fundraising|expenditure||||||||2,925|2,925|
|11.|Expenditure||on charitable||activities||by fund|type||||
||||||||||Unrestricted|Restricted|Total Funds|
||||||||||Funds|Funds|2021|
||||||||||E|F|E|
||Expenditure|to further the charitable||||aims and||||||
||objectives||||||||11,035||11,035|
||Support costs||||||||269,157|590|269,747|
||||||||||280,192|590|280,782|
||||||||||Unrestricted|Restricted|Total Funds|
||||||||||Funds|Funds|2020|
||||||||||E|E|E|
||Expenditure|to further the charitable||||aims and||||||
||objectives||||||||46,794|11,282|58,076|
||Support costs||||||||243,416|26,901|270,317|
||||||||||290,210|38,183|328,393|
##
##
##
##
##
|12.|Expenditure|on|char|itable
activities|by activity type||||
|---|---|---|---|---|---|---|---|---|
||||||Activities||||
||||||undertaken||Total funds|Total fund|
||||||directly
6|Support costs
8|2021
8|2020
f|
||Expenditure|to further||the charitable|||||
||aims and objectives||||11,035|259,562|270,597|316,339|
||Governance|costs||||10,185|10,185|12,054|
||||||11,035|269,747|280,782|328,393|
|13.|Analysis
ofsupport|||costs|||||
|||||||Support costs
f|Tots I 2021
8|Total 2020
2|
||Staff costs|||||60,376|60,376|55,057|
||Premises|||||9,806|9,806|10,276|
||Communications||and|IT||918|918|1,815|
||General office|||||2,979|2,979|5,835|
||Human
resources|||||98,037|98,037|112,130|
||Governance|costs||||10,185|10,185|12,054|
||Sundries|||||1,343|1,343|1,706|
||Secretarial|and admin||charges||39,458|39,458|32,386|
||Motor expenses|||||8,428|8,428|8,180|
||Depreciation|||||2,445|2,445|2,584|
||Advertising|materials||and promotions||35,772|35,772|28,294|
|||||||269,747|269,747|270,317|
|14.|Other expenditure||||||||
|14.|Other expend|iture|||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|||||Funds
2||2021|Funds
2|2020
f|
||Bank charges|||64||64|64|64|
|15.|Net (expenditure)/income||||||||
||Net (expenditure)/income||is stated after|charging/(crediting);|||||
||||||||2021|2020|
||||||||f|6|
||Depreciation|of tangible|fixed assets||||2,445|2,584|
##
##
##
##
##
||||||2021|2020f|
|---|---|---|---|---|---|---|
|Fees payable|to the independent||examiner|for:|||
|Independent|examination|ofthe|financial statements||500|500|
|Other financial services|||||3,218|3,148|
||||||3,718|3,648|
##
|Staff costs||||
|---|---|---|---|
|The total staff costs and employee|benefits for the reporting|period are analysed
as|follows:|
|||2021
f|2020
f|
|Wages and salaries||63,541|84,622|
##
|The average
head count of employees
during
full-time
equivalent
employees
during
the year|the year was 4 (2020:4).The average
is analysed as follows:|number
o|
|---|---|---|
||2021|2020|
||No.|No.|
|Finance officer|1|1|
|Fundraising|1|'I|
|Shop management|2|2|
||4|4|
##
##
##
##
##
##
|19.|Tangible fixed as|sets||
|---|---|---|---|
||||Fixtures and|
||||fittings|
||Cost|||
||At 1 October 2020||30,566|
||Additions||1,889|
||At 30September|2021|32,455|
||Depreciation|||
||At 1 October 2020||20,232|
||Charge for the year||2,445|
||At 30September|2021|22,677|
||Carrying
amount|||
||At 30September 2021||9,778|
||At 30September 2020||10,334|
|20.|Investments|||
||||||Shares|In|
|---|---|---|---|---|---|---|
||||||gl'oup||
||||||undertakings||
|Cost orvaluation|||||||
|At 1 October|2020 and 30 September||2021||||
|Impairment|||||||
|At 1 October|2020 and 30 September||2021||||
|Carrying
amount|||||||
|At 30September||2021||||1|
|At 30September||2020||||1|
|All investments|shown above are held||at valuation.||||
|Debtors|||||||
|||||2021|2020||
|Trade debtors||||5,770|12,307||
|Amounts
owed by||group undertakings||34,901|44,901||
|Prepaymenls|and|accrued income||3,834|500||
|||||44,505|57,708||
##
##
##
##
##
##
|Creditors:|a|mounts
f|alling due within o|ne year||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||f|6|
|Trade creditors||||||5,081|2,578|
|Accruals and||deferred|income|||3,150|3,267|
|Social security and other taxes||||||918|710|
|||||||9,149|6,555|
|Analysis
of|charitable||funds|||||
|Unrestricted||funds||||||
||||At||||At|
||||October 202||||30Septembe|
||||0
f|Income
6|Expenditure|Transfers
f|r2021
f|
|General funds|||137,436|223,415|(280,472)|74|80,453|
||||At||||At|
||||October 201|||30September||
||||9
6|Income
f|Expenditure
6|Transfers
f|2020|
|General funds|||100,852|327,701|(293,415)|2,298|137,436|
|Restricted funds||||||||
||||At||||At|
||||1 October 202||||30Septembe|
||||0|Income
E|Expenditure
6|Transfers
f|r2021
f|
|The Wolfson|Foundation|||20,440|||20,440|
|Lottery grant|-|People||||||
|and Places (Go Cyrmu)|||3,023||(590)|(74)|2,359|
||||3,023|20,440|(590)|(74)|22,799|
||||At||||At|
||||1 October 201|||30September||
||||9
6|Income|Expenditure
6|Transfers
f|2020|
|The Wolfson|Foundation|||||||
|Lottery grant -||People||||||
|and Places (Go Cyrmu)|||21,227|22,277|(38,183)|(2,298)|3,023|
||||21,227|22,277|(38,183)|(2,298)|3,023|
##
##
##
##
##
|Analysis of net as|sets between
funds||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds
f|Funds
f|2021
f|
|Tangible fixed assets||7,419|2,359|9,778|
|Investments||1||1|
|Current assets||82,182|20,440|102,622|
|Creditors less than|1 year|(9,149)||(9,149)|
|Net assets||80,453|22,799|103,252|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|||f|f|f|
|Tangible fixed assets||7,384|2,950|10,334|
|Investments||1||1|
|Current assets||136,606|73|136,679|
|Creditors less than|1 year|(6,555)||(6,555)|
|Net assets||137,436|3,023|140,459|
##
##
##
##
##
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
|||||6|
|Income and endowments|||||
|Voluntary
income|||||
|Grants and donations|||205,087|284,380|
|Charitable
activities|||||
|Sale ofgoods/services|as part of direct charitable|activities|37,500|36,001|
|Goldies sessions income|||1,261|28,678|
||||38,761|64,679|
|Other trading
activities|||||
|Fundraising
events||||803|
|Investment
income|||||
|Deposit account interest||||116|
|Total income|||243,855|349,978|
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|Expenditure||||||
|Costs of raising|donations||and legacies|||
|Other office costs||||216|216|
|Costs ofother trading||activities||||
|Rent|||||2,925|
|Expenditure
on charitable|||activities|||
|Wages and salaries||||63,541|84,622|
|Rent||||6,825|12,576|
|Rates and water||||563|559|
|Light and heat||||1,827|1,967|
|Insurance||||766|1,000|
|Motor vehicle expenses||||9,135|14,461|
|Other motor/travel|costs||||2,565|
|Legal and professional||fees||49,643|44,440|
|Telephone||||918|1,815|
|Other office costs||||9,967|19,674|
|Depreciation||||2,445|2,584|
|Advertising||||35,772|28,294|
|Sundries and DBScheck||||1,343|1,706|
|Project managers|and chief||officer fees|98,037|112,130|
|||||280,782|328,393|
|Other expenditure||||||
|Bank charges||||64|64|
|Total expenditure||||281,062|331,598|
|Net (expenditure)/income||||(37,207)|18,380|
##
##
##
##
||||2021f|2020
0|
|---|---|---|---|---|
|Costs of raising donations|and|legacies|||
|Costs ofgenerating
voluntary||income|||
|Sundries|||216|216|
|Costs of raising donations|and|legacies|216|216|
|Costs of other trading activities|||||
|Fundraising
expenditure|||||
|Fundraiser||||2,925|
|Costs of other trading
activities||||2,925|
##
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||6|6|
|Expenditure|on|charitable||activities||||
|Expenditure|to further||the|charitable|aims and objectives|||
|Activities undertaken|||directly|||||
|Session leaders||||||3,165|29,565|
|Room hire||||||175|5,826|
|Goldies travel||||||707|6,281|
|Session leaders travel|||||||2,565|
|Sundries||||||6,988|13,839|
|||||||11,035|58,076|
|Supportcosfs||||||||
|Wages||||||60,376|55,057|
|Office rental||||||6,650|6,750|
|Rates and water||||||563|559|
|Light and heat||||||1,827|1,967|
|Insurance||||||766|1,000|
|Motor vehicle|expenses|||||8,428|8,180|
|Secretarial and admin charges||||||39,458|32,386|
|Telephone||||||918|1,815|
|Postage and|Stationery|||||2,979|5,835|
|Depreciation|of tangible||and|Profit/Loss|of Disposal|2,445|2,584|
|Advertising
and promotions||||||35,772|28,294|
|Sundries||||||1,343|1,706|
|Project managers||and chief||officer fees||98,037|112,130|
|||||||259,562|258,263|
|Governance|costs|||||||
|Accountancy||||||3,717|3,648|
|Professional|fees|||||6,468|8,406|
|||||||10,185|12,054|
|Expenditure|on|charitable||activities||280,782|328,393|