#
|||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|
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##
|Company
registration|number:|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.|||
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||||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|
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|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|
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||||||||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|
##
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|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|||
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|2021|2020|
|---|---|
||f|
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|||||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|
##
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|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|||
##
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|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|
##
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##
|||||
|---|---|---|---|
|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|