2021-03-31-accounts - Age Concern Buckinghamshire

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		Buddnghams hire
		Rge UK
CONTENTS
Section 1	ADMINISTRATIVE INFORMATION
Section 2	REPORT OF THE TRUSTEES
Section 3	INDEPENDENT AUDITOR'S REPORT
Section 4	STATEMENT OF FINANCIAL ACTIVITIES
Section 5	BALANCE SHEET
Section 6	STATEMENT OF CASH FLOWS
Section 7	NOTES FORMING PART OFTHE FINANCIAL	STATEMENTS

Company registration	7101195;a company limited by guarantee	7101195;a company limited by guarantee	7101195;a company limited by guarantee	7101195;a company limited by guarantee	7101195;a company limited by guarantee	registered	registered	in England	in England		&Wales.	&Wales.	&Wales.
Registered Office and	145Meadowcroft
operational address:	Aylesbury
	Buckinghamshire HP19 9HH
	Telephone: 01296431911		Fax: 01296330783
	Email: a e a eukbucks. or .uk		Website:				www. a eukbucks.		or		.uk
Trustees (Board ofTrustees)
Mr K Horlock	Chairman (to 31"March 2021)
Mr SRussell	(appointed 30'"November 2020) (Chairman						1"April 2021)
Mr A Swann	(resigned 26'" July 2021)
Mrs CAbel-Smith	(resigned 16'" December 2020)
Ms J Hardy	(resigned 11'"March 2021)
Mr S Bishop	Treasurer
Ms J King	(resigned 28'" November 2020)
Ms A Perveen	(appointed 16'"December 2020
Mr D Priest	(appointed 28'" November 2020)		(resigned			27'" July 2021)
Mr N. Prentice-Harrison	(appointed 24'" May 2021)
Mrs A. Horgan-Smith	(appointed 26'"July 2021)
Principal Officers
Chief Executive:	Bernadette Ashcroft -Consultant
Finance Manager:	Mrs CTabor
Honorary Legal Advisor	J.Blackman, Wrigleys Solicitors	LLP, 19			Cookbridge Street, Leeds					LS2 3AG
Affiliation	Age Concern Buckinghamshire	is	a Brand Partner of the Association									of Age
	UK organisations.
Associated Organisations	Six local voluntary Age Concern			groups			are affiliated		to		Age		UK
	Buckinghamshire.
Banker' s	Main bankers: Lloyds, National		Clubs		and		Charities	Centre,		Sedgemoor
	House, Deane Gate Avenue, Taunton			TA1 2UF.
Auditors	Jacob, Cavenagh &Skeet, 5 Robin		Hood		Lane,		Sutton,	Surrey SM1			2SW.

			2021			2020
		Unrestricted	Restricted	Total	Unrestricted	Restricted		Total
	Notes	Funds	Funds f	Funds	Funds	Funds		Funds
Income from:
Donations and legacies		11,171	8,119	19,290	49,257	7,435		56,692
Other trading activities		52,287		52,287	70,050			70,050
Investments:
Interest receivable		3,469		3,469	4,528			4,528
Charitable activities:
Grants 8 Contracts			221832	221832		175000		175000
Total Income		66927	229 951	296878	123 835	182435		306270
Expenditure on:
Raising Funds		69,653		69,653	57,225			57,225
Charitable Activities		50 073	212503	259067	106850	182435		289285
Total Expenditure		116217	212 503	328 720	164075	182435		346510
Net (expenditure)/income		(49,290)	17,448	(31,842)	(40,240)			(40,240)
Transfer between funds		20,000	(20,000)		4,127	(4,127)
Other recognised gains
and losses
Actuarial losses on defined
benefit schemes		2,000		2,000	27,000			27,000
Net movement in funds		(27,290)	(2,552)	(29,842)	(9,113)	(4,127)		(13,240)
Reconciliation offunds
Total funds as at 1April
2020		1,182,353	20,000	1,202,353	1,191,466	24,127	1,215,593
Funds as at 31March 2021		1 155063	17448	1 172511	1182 353	20 000	1	202 353

SECTION 5 —BA	LA	NCE SHEETAS	AT31MARCH 2	021
						2021	2020
				Unrestricted	Restricted	Tota I	Total
				Funds	Funds	Funds	Funds
			Note	f	f	f	f
Fixed Assets
Tangible Assets Investments			12 13	17,448		17,448	20,045
				17,448		17,448	20,045
Current Assets
Debtors Investments			14	10,935 853,811		10,935 853,811	94,871 250,000
Cash at bank and in hand				302 209	17448	319657	861129
Creditors: amounts	falling due			1,166,955	17,448	1,184,403	1,206,000
within one year				25470		25 470	20 822
Net Current Assets				1141485	17448	1 158 933	1 185178
Total Assets less Current
Liabilities				1,158,933	17,448	1,176,381	1,205,223
Defined benefit scheme		liability	16	3870		3870	2870
Net Assets				1155063	17448	1172511	1202 353
Funds
Restricted Funds Strategic development		reserve		515,735	17,448	17,448 515,735	20,000
Designated Reserve Unrestricted Funds	(General			335,502		335,502	335,502
Reserve)				303,826		303,826	846,851
				1155063	17448	1172511	1202 353

					2021	2020
					f	f
Cash (used in)/provided by operating		activities			60,446	688,777
Cash flows from investing activities
Add Interest income					3,469	4,528
Less Purchase of investments					(603,811)	10
Less Purchase offixed assets					~1575
Cash (used in) investing activities					(601,917)	4,538
Cash flows from financing activities
Repayment of borrowing
Cash (used in) financing activities
Increase in cash and cash equivalents		during the year			(541,471)	693,315
Cash and cash equivalents as at 1April					861,129	167,814
Cash and cash equivalents as at 31March					319,657	861,129
Reconciliation ofnet movement	in funds		to cash used in operating	activities
Net movement in funds					(29,842)	(13,240)
Add back depreciation charge					4,172	4,172
Deduct interest income shown in	investing		activities		(3,469)	(4,528)
(Increase)/Decrease in debtors					83,937	720,507
(Decrease)/Increase in creditors					4,648	6,866
(Decrease)/Increase in provisions					1,000	(25,000)
Net Cash (used in)/provided by operating			activities		60,446	688,777

2.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES	2021	2020
					f	f
	Donations				13,290	18,279
	Legacies				6,000	38,413
					19290	56692
3.	OTHER TRADING INCOME
					2021	2020
	Shop income plus management			charge
	Fundraising				28,095	24,303
	Footcare				585	16,047
	Handyman				9,729	1,040
	Hairdressing				15	557
	Help in the	Home			9,384	21,509
	Gardening				4,359	6,016
	Commission					275
	Computer	Training			120	303
					52,287	70,050
4.	INVESTMENT		INCOME
					2021	2020
					f	f
	Deposit Account		interest		3,469	4,528

							2021	2020
							f	f
Information	g Advice	Grant income					65,540	55,000
Befriending		Grant income					127,892	92,500
In Touch Plus		Grant income
Welfare Benefits		Grant income					28400	27500
							22 832	000
COST OF ACTIVITIES
							2021	2020
							f	f
Commercial	Services						55,043	51,218
Fundraising	Costs						14610	6007
							69653	57 225
CHARITABLE ACTIVITIES COSTS
		Direct Costs f	Management f		Office f	Premises f	2021 f	2020 f
Information	&Advice	38,327	22,088		5,573	3,076	69,064	90,394
Befriending		72,946	26,504		7,088	3,906	110,444	115,671
In Touch Plus								177
Welfare Benefits		29,157	12,274		2,675	1,476	45,582	44,265
Depreciation		4,697					4,697	4,172
Admin expense ofdefined
Benefit scheme		3,000					3,000	2,000
Governance	costs (see Note 8)	26 280					26 280	32606
		174407	60	866	15336	8458	259 067	289285

GOVERNANCE	COSTS
		2021	2020
			f
Trustees insurance		656	620
Legal fees		18,773	26,340
Auditors' annual	fee	6851	5 646
		26 280	32 606
NET (EXPENDITURE)/INCOME
		2021	2020
		E	f
Net income isstated after charging
Depreciation —owned assets		4,697	4,172
Other operating	leases

2021	2020
	f

				2021	2020	2020
				f	f
Wages and	salaries			175,185	175,172
Annual Leave outstanding				2,475		689
Employer's Redundancy	National	Insurance		3,250	3,783 4,059
Other pension costs					3,015
Operating costs ofdefined benefit pension			schemes	3000	2	000
				183910	188	718
The average	monthly	number ofemployees	during the year was as follows:
Chief Executive
Information	and Advice
Befriending	Scheme
Welfare Benefits
Management	&Administration
				16

Chief Executive
Information and Advice
Befriending Scheme
Welfare Benefits
Management &Administration

14.	DEBTORS: AMOUNTS	DEBTORS: AMOUNTS	FALLING DUE	WITHIN ONE YEAR
						2021	2020
						f	f
	Trade debtors					1,461	1,736
	Prepayments					3,474
	Other debtors					6,000	93,135
						10,935	94,871
15.	CREDITORS: AMOUNTS		FALLING DUE LESSTHAN ONE YEAR
						2021	2020
						f	f
	Trade Creditors				25470		20 822
16.	DEFINED BENEFIT PENSION SCHEME			LIABILITY
	(Note 22)					2021	2020
						f	f
	Carrying amount at 1"April 2020					2,870	27.870
	Actuarial loss in	the year				42,000	(82,000)
	Gain on scheme	assets			(44,000)		55,000
	Net interest expense and administration			cost		3,000	2,000
	Paid during the	year
	Carrying amount	at31"March 2021				3,870	2,870
17.	OPERATING LEASE COMMITMENTS
	The total future	minimum	lease payments	under non-cancellable	operating	leases are payable:
						2021	2020
						f	f
	Within one year					980	480
	After one year but within five years				2,140		1,120
					312		1600

MOVEMENT	IN F	UNDS
				At1April2020	Movement	Transfer	Gains and		At 31March
					In Funds	between	losses		2021
						Funds
				f	f	f
Unrest;ricted	Funds
General fund				846,851	(49,290)	(495,735)	2,000		303,826
Strategic development			reserve			515,735			515.735
Other Designated		funds	(see Note 21)	335502					335502
				1,182,353	(49,290)	20,000	2,000		1,155,063
Restricted Funds
Information and Advice
Befriending					17,448				17,448
Welfare Benefits
Building Fund	Reserve			20,000		(20,000)
In Touch Plus
				20000	17448	20000			17448
TOTAL FUNDS				1202 353	31842		2 000		1172511
					Income	Expenditure	Movement	in
							Funds
					f	f	f
Unrestricted	Funds
General fund					66,927	(116,217)	(49,290)
Restricted Funds
Information &Advice					65,540	(65,540)
Befriending					127,892	(110,444)	17,448
Welfare Benefits					33,010	(33,010)
Wendover					3509	3509
					229,951	(212,503)	17,448
TOTAL FUNDS					296,878	(328,720)	(31,842)

		At1April2019	Movement	Transfer	Gains and		At 31March
			In Funds	between	losses		2020
				Funds
		f	f	f
Unrestricted	Funds
General fund		878,389	(40,240)	(18,298)	27,000		846,851
Designated fund (see Note 21)		313077		22 425			335502
		1,191,466	(40,240)	4,127	27,000		1,182,353
Restricted Funds
Information and Advice
Befriending
Welfare Benefits
Building Fund	Reserve	24,127		(4,127)			20,000
TOTAL FUNDS		1215593	40 240		27000		1202 353
			Income	Expenditure	Movement	in
					Funds
			f	f	f
Unrestricted Funds
General fund			123 835	164075	40 240
Restricted Funds
Information 5	Advice		55,000	(55,000)
Befriending			92,500	(92,500)
Welfare Benefits			34935	34 935
			182435	182435
TOTAL FUNDS			306270	346510	40 240

other liabilit	ies off335,502 made up as fo	llows:
		Balance as at 1stApril 2021
RESERVES		f
Staff Notice	Period	29,515
Staff Redundancies		31,433
Accountancy	Fees	18,500
Site Works		40,000
		119,448
Closure Reserve re pension deficit		216,054
		335,502


Changes to the present value ofthe defined benefit obligation	during the year	2021	2020
		f'000s	f'000s
Opening defined benefit obligation		474	557
Interest expense		10	13
Actuarial (gains)/losses on Scheme liabilities		42	(82)
Net benefits paid out		15
Closing defined benefit obligations		511	474
Changes tothe fair value ofScheme assets during the year
		f'000s	f'000s
Opening fair value ofScheme assets		471	529
Interest income on scheme assets		10	13
Gain/(loss) on scheme assets		44	(55)
Contributions by the Employer
Net benefits paid out		(15)	(14)
Administration costs incurred			2
Closing fair value ofscheme assets		507	471
		f'000s	f'000s
Present value offunded defined benefit obligations		(507)	(471)
Liability recognised on balance sheet
		(4)	(3)

					2021	2020
Equities					19.3	14.7
Diversified	growth		fund		12.5	12.4
Property					0	7.1
Gilts and Bonds					65.8	64.8
Cash					2.4	1.0
					100.0	100.0
Main financial assumptions				used in the valuation
					2021	2020
					%pa	%pa
RPI inflation					3.1	2.8
CPI inflation					2.3	1.8
Rate ofincrease		in	payment	ofpre 2006 pensions	3.1	3.0
Rate ofincrease		in	payment	ofpost 2006 pensions	2.5	2.5
Discount rate for		Scheme liabilities			2.1	2.2