**REGISTERED COMPANY NUMBER: 06144912 (England and Wales) REGISTERED CHARITY NUMBER: 1122954**
**Report of the Trustees and Unaudited Financial Statements**
**for the Year Ended 31 March 2023**
**for Age Wessex**
Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
**Age Wessex**
## **Contents of the Financial Statements for the Year Ended 31 March 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|15|
**Age Wessex (Registered number: 06144912)**
## **Report of the Trustees for the Year Ended 31 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 the year ended 31 March 2023. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The objects of the charity per its governing document are:
1. preventing or relieving the poverty of older people
2. advancing education
3. preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical)
4. promoting equality and diversity
5. promoting the human rights of older people in accordance with the universal declaration of human rights
6. assisting older people in need by reason of ill-health, disability, financial hardship, social exclusion or other disadvantage; and
7. such other charitable purposes for the benefit of older people as the trustees from time to time decide. Area of benefit means Hampshire, Isle of Wight and surrounding areas.
## **Significant activities**
Principle activities during the year included
- A home visiting service
- Information & Advice on a wide range of issues affecting older people, including welfare benefits, finance, pensions
- and social care.
- A wellbeing service to help older people access the support they need.
- A day care service for the physically and mentally frail at our purpose built centra in Padwell Road.
- A digital support service to NHS patients with chronic obstructive pulmonary disease (COPD), including a computer
- loan scheme.
- A range of social connections services, such as knit and natter, and computer groups.
## **Public benefit**
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Information & Advice Service and Day Care provision are supported with contracts form Southampton City Council until January 2025. The Information & Advice Service is also supported by the Age UK Warm Homes contract.
The NHS digital support project was funded by Southampton Hospitals Charity and Public Health Southampton (Contained Outbreak Management Fund).
The Trustees carried out a review of the services and the viability of the organisation. They concluded that their current business model was not sustainable, due largely to our lack of scale and resources. With the loss of private day-care clients during the worst of the pandemic and the very slow recovery in the number of clients this reduced the charitable funds available to support other services which were not fully funded. Rising costs and the current economic conditions have also influenced the decisions. In November 2022, the board determined that it would sadly be necessary to close the Freemantle office and all of the services operated from that base. These include Information and Advice (I&A) , home visiting and various clubs and volunteer management.
The board is painfully aware that the timing of these changes could not be worse for older people facing the challenge of fuel poverty and the rising cost of living in general. The impact on staff has been significant with 4 FSCC team members leaving the organisation in December / January, including our Head of Services.
The Board reached out to neighbouring Age UK's and started discussions with Age UK Wiltshire in January 2023. This resulted in a merger of the two organisations on 1st April 2023 with Age Wessex sitting as a subsidiary of Age UK Wiltshire. The merger allowed for the continuation of the Information and Advice Service based at the Day Care Centre in Padwell Road. The Board also secured funding Age UK national.
## **FINANCIAL REVIEW**
## **Financial position**
At 31 March 2023, the charity held total funds of £113,361.
Page 1
**Age Wessex (Registered number: 06144912)**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **FINANCIAL REVIEW**
## **Reserves policy**
At 31 March 2023, the charity held total funds of £113,361 of which £120,59 are held as restricted funds and £10,184 are held as tangible fixed assets. Free reserves are £91,118. On April 1st, 2023, the operations of Age Wessex transferred into Age UK Wiltshire. By 1 April 2024, Age Wessex will be dormant.
## **Going concern**
On April 1st, 2023, Age Wessex, and Age UK Wiltshire executed an agreement for Age UK Wiltshire to assume management control of their operations. These operations have now been fully integrated into Age UK Wiltshire. The staff transferred under TUPE. The integration including transferring all remaining assets from Age Wessex will be completed prior to fiscal year end 2024. By 1 April 2024, Age Wessex will be dormant. The accounts have been prepared on a basis other than going concern.
## **FUTURE PLANS**
On April 1st, 2023, the operations of Age Wessex transferred into Age UK Wiltshire. The integration including transferring all remaining assets from Age Wessex will be completed prior to fiscal year end 2024. By 1 April 2024, Age Wessex will be dormant.
## **STRUCTURE, GOVERNANCE AND 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.
## **Recruitment and appointment of new trustees**
Trustees are either appointed directly by members or co-opted by the Board and confirmed at the Annual General Meeting. Trustees service for three years initially, after which period they may put themselves forward for re-appointment. New trustees are recruited through suitable agencies and local organisations with teh aim of reaching a wide range and diversity of candidates and providing he Board with a wide range of relevant skills, knowledge and expertise.
## **Induction and training of new trustees**
Induction training emphasises roles and responsibilities, making use of Charity Commission publications, together with an instruction to the structure of the organisation and activities in which it is engaged.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
06144912 (England and Wales)
## **Registered Charity number**
1122954
## **Registered office**
The Wool Shed New Park Street Devizes Wiltshire SN10 1DY
## **Trustees**
S Cardy - appointed 3 April 2023 S Ruston - appointed 1 April 2023 K Johnston - appointed 1 April 2023 R Purchase - appointed 1 April 2023 N Gurd P Stewart J Wells - resigned 1 April 2023 R Staker - resigned 1 April 2023 F Price - resigned 1 April 2023 D Paynton - resigned 1 April 2023 J Powell - resigned 28 February 2023
## **Chief Executive Officer**
P Bennie - resigned 7 April 2023 S Cardy - appointed 7 April 2023
Page 2
**Age Wessex (Registered number: 06144912)**
## **Report of the Trustees for the Year Ended 31 March 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary**
P Stewart
## **Independent Examiner**
James Gare DChA FCA Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
## **EVENTS SINCE THE END OF THE YEAR**
Information relating to events since the end of the year is given in the notes to the financial statements.
Approved by order of the board of trustees on ............................................. and signed on its behalf by: 30 January 2024
........................................................................ Trustee Richard Purchase
Page 3
**Independent Examiner's Report to the Trustees of Age Wessex**
## **Independent examiner's report to the trustees of Age Wessex ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement - matters of concern identified**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
## I have completed my examination.
I have identified matters of concern in my report. I draw attention to note 1 in the financial statements, which indicates that the charity will cease to trade by 31 March 2024 as the trade and assets will transfer to Age UK Wiltshire. As stated in note 1, these events or conditions, indicate that the charity is not a going concern.
I confirm that no other matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; and
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
## James Gare DChA FCA
Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Date: ............................................. 31 January 2024
Page 4
**Age Wessex**
## **Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2023**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
3
52,093
**Charitable activities**
6
Provision of services
188,832
Other trading activities
4
-
Investment income
5
322
Other income
-
**Total**
241,247
**EXPENDITURE ON**
Raising funds
270
**Charitable activities**
7
Provision of services
284,951
**Total**
285,221
**NET INCOME/(EXPENDITURE)**
(43,974)
**RECONCILIATION OF FUNDS**
Total funds brought forward
145,276
**TOTAL FUNDS CARRIED FORWARD**
101,302|Restricted
funds
£
-
71,520
-
-
-
71,520
-
84,468
84,468
(12,948)
25,007
12,059|2023
Total
funds
£
52,093
260,352
-
322
-
312,767
270
369,419
369,689
(56,922)
170,283
113,361|2022
Total
funds
£
8,419
286,930
4,019
113
531|
|---|---|---|---|
||||300,012|
||||168
299,193|
||||299,361|
||||651
169,632|
||||170,283|
The notes form part of these financial statements
Page 5
**Age Wessex (Registered number: 06144912)**
|**Balance Sheet**
**31 March 2023**
Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Debtors
14
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
15
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
18
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2023
£
10,184
21,115
132,589
153,704
(50,527)
103,177
113,361
113,361
101,302
12,059
113,361|2022
£
2,714
71,902
135,218
207,120
(39,551)
167,569
170,283
170,283
145,276
25,007
170,283|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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: 30 January 2024
............................................. Trustee
## Richard Purchase
The notes form part of these financial statements
Page 6
**Age Wessex**
## **Notes to the Financial Statements for the Year Ended 31 March 2023**
## **1. GENERAL INFORMATION**
Age Wessex is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. 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 and principal activities 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.
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**
On April 1st, 2023, Age Wessex, and Age UK Wiltshire executed an agreement for Age UK Wiltshire to assume management control of their operations. These operations have now been fully integrated into Age UK Wiltshire. The staff transferred under TUPE. The integration including transferring all remaining assets from Age Wessex will be completed prior to fiscal year end 2024. By 1 April 2024, Age Wessex will be dormant. The accounts have been prepared on a basis other than going concern.
## **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.
Trading income is included in incoming resources in the SOFA and trading costs are included in resources expended.
## **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.
## **Redundancy/ termination payments**
Page 7
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **2. ACCOUNTING POLICIES - continued**
## **Expenditure**
Termination benefits are measured at the best estimate of the expenditure required to settle the obligation at the reporting date. If the expected settlement date of the termination payments is 12 months or more after making the provision and the effect would be material, the present value of the obligation is calculated using an appropriate discount rate.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment
- 33% on straight line basis
Fixed assets costing in excess of £1,000 are capitalised. Computer equipment will be written off over three years on a straight line basis and fixtures and fittings written off over four years on a straight line basis.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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.
Page 8
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 March 2023**
|**3.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Legacies
**4.**
**OTHER TRADING ACTIVITIES**
Fundraising income
**5.**
**INVESTMENT INCOME**
Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Contracts/Grants
Southampton living well/day care
104,099
Information & Advice
29,164
Warm homes
9,380
Warm space
23,431
Inclusive Digital transformation
69,575
Volunteering service
-
Covid 19
-
Age uk grants
12,250
Health and wellbeing
600
Total
248,499
**7.**
**CHARITABLE ACTIVITIES COSTS**
Provision of services
**8.**
**SUPPORT COSTS**
Provision of services|**3.**
**DONATIONS AND LEGACIES**
Donations
Gift aid
Legacies
**4.**
**OTHER TRADING ACTIVITIES**
Fundraising income
**5.**
**INVESTMENT INCOME**
Deposit account interest
**6.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Contracts/Grants
Southampton living well/day care
104,099
Information & Advice
29,164
Warm homes
9,380
Warm space
23,431
Inclusive Digital transformation
69,575
Volunteering service
-
Covid 19
-
Age uk grants
12,250
Health and wellbeing
600
Total
248,499
**7.**
**CHARITABLE ACTIVITIES COSTS**
Provision of services
**8.**
**SUPPORT COSTS**
Provision of services|||||2023
£
18,002
300
33,791
52,093
2023
£
-
2023
£
322|||2022
£
8,814
-
(395)
8,419
2022
£
4,019
2022
£
113|2022
£
8,814
-
(395)
8,419
2022
£
4,019
2022
£
113|
|---|---|---|---|---|---|---|---|---|---|---|
|||||2023||||||2022|
|||||£|||||£||
||Contracts/Grants|Fees||Total|||||Total||
||104,099|11,853||115,952||||121,221|||
||29,164|-||29,164||||28,875|||
||9,380|-||9,380||||7,972|||
||23,431|-||23,431||||-|||
||69,575|-||69,575||||37,394|||
||-|-||-||||15,017|||
||-|-||-||||60,594|||
||12,250|-||12,250||||15,017|||
||600|-||600||||600|||
||||||||||||
||||||||||||
||248,499|11,853||260,352||||286,930|||
||||||||||||
|||Support
Direct
costs (see
Costs
note 8)
£
£
14,129
355,290
Governance
Management
costs
£
£
345,639
9,651||||||Totals
£
369,419
Totals
£
355,290|||
Page 9
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **8. SUPPORT COSTS - continued**
Support costs, included in the above, are as follows:
|Wages
Social security
Pensions
Other staff costs
Insurance
Telephone
Postage and stationery
Advertising
Sundries
Premises costs
Covid19 costs
Computer costs
Bookkeeping and payroll fees
Bank charges
Trustee's meeting expenses
Accountancy and legal fees|2023
Provision
of
services
£
242,946
15,089
8,963
-
2,436
4,375
4,601
427
2,823
27,029
2,853
17,249
16,547
301
-
9,651
355,290|2022
Total
activities
£
184,746
11,762
6,290
1,192
1,998
4,349
4,526
156
1,003
15,887
9,495
14,463
10,275
268
28
9,965|
|---|---|---|
|||276,403|
## **9.**
## **NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
||2023|2022|
|---|---|---|
||£|£|
|Depreciation - owned assets|4,589|243|
|Operating lease - rent|11,559|10,002|
|Independent examination|3,000|3,108|
## **10. 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.
## **11. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Management
Other||2023
£
242,946
15,089
8,963
266,998
2023
2
7
9||2022
£
184,746
11,762
6,290|
|---|---|---|---|---|
|||||202,798|
|||||2022
3
7
10|
Page 10
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **11. STAFF COSTS - continued**
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
£60,001 - £70,000
|2023|2022|
|---|---|
|1|-|
The key management personnel of the charity comprise the Trustees and the senior management personnel as listed on page 4. The total employee benefits of the key management personnel of the charity were £78,414 (2022: £114,441).
## **Redundancy and termination payments**
Total termination payments of £34,768 were made at 31 March 2023, of which £27,916 are accrued. This includes statutory redundancy payments of £14,561.
## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
8,419
**Charitable activities**
Provision of services
171,095
Other trading activities
2,650
Investment income
113
Other income
531
**Total**
182,808
**EXPENDITURE ON**
Raising funds
168
**Charitable activities**
Provision of services
204,164
**Total**
204,332
**NET INCOME/(EXPENDITURE)**
(21,524)
**RECONCILIATION OF FUNDS**
Total funds brought forward
166,800
**TOTAL FUNDS CARRIED FORWARD**
145,276|Restricted
funds
£
-
115,835
1,369
-
-
117,204
-
95,029
95,029
22,175
2,832
25,007|Total
funds
£
8,419
286,930
4,019
113
531|
|---|---|---|
|||300,012|
|||168
299,193|
|||299,361|
|||651
169,632|
|||170,283|
Page 11
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **13. TANGIBLE FIXED ASSETS**
|**13.**|**TANGIBLE FIXED ASSETS**||||
|---|---|---|---|---|
|||||Furniture|
|||||and|
|||||equipment|
|||||£|
||**COST**||||
||At 1 April 2022|||20,581|
||Additions|||12,059|
||At 31 March 2023|||32,640|
||**DEPRECIATION**||||
||At 1 April 2022|||17,867|
||Charge for year|||4,589|
||At 31 March 2023|||22,456|
||**NET BOOK VALUE**||||
||At 31 March 2023|||10,184|
||At 31 March 2022|||2,714|
|**14.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||2023||2022|
|||£||£|
||Trade debtors|19,658||70,576|
||Prepayments and accrued income|1,457||1,326|
|||21,115||71,902|
|**15.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
|||2023||2022|
|||£||£|
||Trade creditors|6,101||4,708|
||Social security and other taxes|2,846||4,650|
||Other creditors||150|150|
||Accruals and deferred income|41,430||30,043|
|||50,527||39,551|
||Deferred income at 31 March 2023 is £10,000 which relates to a project for 23/24.||||
|**16.**|**LEASING AGREEMENTS**||||
||Minimum lease payments under non-cancellable operating leases fall due as follows:||||
|||2023||2022|
|||£||£|
||Within one year|5,850||5,709|
The contractual lease commitment is a rolling 6 month notice period and future minimum payments represent a 6 month commitment.
Page 12
continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Unrestricted
fund
£
Fixed assets
10,184
Current assets
141,645
Current liabilities
(50,527)
101,302
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Padwell Road DCC Fundraising
PHS COMF
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Padwell Road DCC Fundraising
Age UK Warm Homes
NHS Charities Together
PHS COMF
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
**Restricted funds**
Padwell Road DCC Fundraising
PHS COMF
**TOTAL FUNDS**|Restricted
funds
£
-
12,059
-
12,059
At 1.4.22
£
145,276
2,832
22,175
25,007
170,283
Incoming
resources
£
241,247
-
1,945
69,575
-
71,520
312,767
At 1.4.21
£
166,800
2,832
-
2,832
169,632|2023
2022
Total
Total
funds
funds
£
£
10,184
2,714
153,704
207,120
(50,527)
(39,551)
113,361
170,283
Net
movement
At
in funds
31.3.23
£
£
(43,974)
101,302
(2,832)
-
(10,116)
12,059
(12,948)
12,059
(56,922)
113,361
Resources
Movement
expended
in funds
£
£
(285,221)
(43,974)
(2,832)
(2,832)
(1,945)
-
(69,575)
-
(10,116)
(10,116)
(84,468)
(12,948)
(369,689)
(56,922)
Net
movement
At
in funds
31.3.22
£
£
(21,524)
145,276
-
2,832
22,175
22,175
22,175
25,007
651
170,283|
|---|---|---|
## **18. MOVEMENT IN FUNDS**
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continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **18. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
London Marathon
Age UK Warm Homes
HIWCF Recovery Fund
Independent Age
NHS Charities Together
PHS COMF
Public Health Southampton
Southampton Elderly Citizens Trust
Southampton CC Infection Control fund
Soton Charitable Trust
**TOTAL FUNDS**|Incoming
resources
£
182,808
1,369
10,230
5,000
15,000
1,994
22,175
30,400
15,017
15,419
600
117,204
300,012|Resources
Movement
expended
in funds
£
£
(204,332)
(21,524)
(1,369)
-
(10,230)
-
(5,000)
-
(15,000)
-
(1,994)
-
-
22,175
(30,400)
-
(15,017)
-
(15,419)
-
(600)
-
(95,029)
22,175
(299,361)
651|
|---|---|---|
Padwell Road DCC Fundraising - Fundraising activities by clients and supporters at Padwell Road Day Care Centre.
Age UK Warm Homes - A Welfare benefits project. Benefit checks for vulnerable clients funded by Age UK through a multi-supplier contract.
Hampshire & Isle of Wight Recovery Fund - Loan tablets for digital inclusion support for older people who have been disproportionately impacted by shielding and social isolation measures during the covid pandemic.
Independent Age - Services recovery grant for face-to-face services for those with the highest levels of loneliness.
London Marathon - Runner raised funds for digital inclusion support for older people.
NHS Charities Together - Digital support for NHS patients with COPD.
PHS COMF - Public Health Southampton Contain Outbreak Management Fund - A range of measures to reduce covid infection risks across multiple non-day-care services.
Public Health Southampton - Digital support to reduce covid infection risks for NHS patients with COPD and in the wider community.
Rotary Southampton Elderly Citizens Trust - A project to fund volunteer co-ordination to recruit and train new volunteers and support and develop existing volunteers.
Southampton City Council Infection Control Fund - A range of measures to reduce covid infection risks in day-care multiple services.
Southampton Charitable Trust - Grant towards the Information & Advice Service supporting the most frail and vulnerable older people in the city.
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continued...
**Age Wessex**
## **Notes to the Financial Statements - continued for the Year Ended 31 March 2023**
## **19. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2023.
## **20. POST BALANCE SHEET EVENTS**
On April 1st 2023, Age Wessex, and Age UK Wiltshire (charity number 800912) executed an agreement for Age UK Wiltshire to assume management control of their operations, and so Age Wessex become a subsidiary of Age UK Wiltshire. These operations have now been fully integrated into Age UK Wiltshire, with some staff electing to leave after the change in control while other transferred under TUPE. The integration including transferring all remaining assets from Age Wessex will be completed prior to 31 March 2024.
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