OpenCharities

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2021-03-31-accounts

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AGE UK LANCASHIRE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK LANCASHIRE FOR THE YEAR ENDED 31 MARCH 2021

Opinion

We have audited the financial statements of Age UK Lancashire "the charitable company" for the year ended 31 March 2021 which comprise the Consolidated Statement of Financial Activities, the Charity Statement of Financial Activities, the Consolidated and Charity Balance Sheets, the Consolidated Statement of Cash Flows and the related notes on pages 68 to 81. 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) including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland”.

In our opinion, the financial statements:

• give a true and fair view of the state of the group's and the parent charitable company’s affairs as at 31 March 2021 and of the group's and charities incoming resources and application of resources, including their income and expenditure for the year then ended;

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 Auditor’s 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

We have nothing to report to you in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

• the trustees' have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

60

AGE UK LANCASHIRE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK LANCASHIRE FOR THE YEAR ENDED 31 MARCH 2021

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit (which includes the directors report prepared for the purposes of company law);

• the information given in the Trustees’ Report (which includes the directors report prepared for the purposes of company law) for the financial year for which the financial statements are prepared is consistent with the financial statements; and

• the Directors' Report (included within the Trustees' Report) has been prepared in accordance with applicable legal requirements.

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 directors’ report included within the trustees’ report.

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:

61

AGE UK LANCASHIRE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK LANCASHIRE FOR THE YEAR ENDED 31 MARCH 2021

Responsibilities of directors

As explained more fully in the Statement of Trustees’ Responsibilities set out on page 53, 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.

Auditor’s 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 an auditor’s report 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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of laws and regulations that affect the charity, focusing on those that had a direct effect on the financial statements or that had a fundamental effect on its operations. Key laws and regulations that we identified included the UK Charities Act, tax legislation, licensing regulations, and occupational health and employment legislation.

We enquired of the Trustees, reviewed correspondence with HMRC and reviewed trustees meeting minutes for evidence of non-compliance with relevant laws and regulations. We also reviewed controls the Trustees have in place to ensure compliance.

We enquired of the Trustees about any incidences of fraud that had taken place during the accounting period.

62

AGE UK LANCASHIRE

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK LANCASHIRE FOR THE YEAR ENDED 31 MARCH 2021

The risk of fraud and non-compliance with laws and regulations and fraud was discussed within the audit team and tests were planned and performed to address these risks. We identified the potential for fraud in the following areas: misappropriation of cash and other assets.

We reviewed financial statements disclosures and tested to supporting documentation to assess compliance with relevant laws and regulations discussed above.

We enquired of the Trustees about actual and potential litigation and claims.

We performed analytical procedures to identify any unusual or unexpected relationships that might indicate risks of material misstatement due to fraud.

In addressing the risk of fraud due to management override of internal controls we tested the appropriateness of journal entries and assessed whether the judgements made in making accounting estimates were indicative of a potential bias.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s web-site at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

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 auditor’s 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.

Suzanne Lomax BA FCA (Senior Statutory Auditor) For and on behalf of Beever and Struthers

Chartered Accountants and Statutory Auditors Suite 9b The Beehive Lions Drive Shadsworth Business Park Blackburn BB1 2QS

25 November 2021

63

AGE UK LANCASHIRE

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Turnover of trading subsidiary
Other income
Charitable activities
Provision of services
Total income
2
EXPENDITURE ON:
Raising funds
3
Shop operating costs
Fundraising
Trading cost of subsidiary
5
Charitable activities
Provision of services
4
Other expenditure
Total expenditure
Net income/(expenditure)
7
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items
Gross transfers between funds
18, 19
Gains/(losses) on revaluation of Fixed Assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
18, 19
Total funds carried forward
18, 19		 Note
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Turnover of trading subsidiary
Other income
Charitable activities
Provision of services
Total income
2
EXPENDITURE ON:
Raising funds
3
Shop operating costs
Fundraising
Trading cost of subsidiary
5
Charitable activities
Provision of services
4
Other expenditure
Total expenditure
Net income/(expenditure)
7
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items
Gross transfers between funds
18, 19
Gains/(losses) on revaluation of Fixed Assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
18, 19
Total funds carried forward
18, 19		 Unrestricted
Funds
£
43,941
2,000
236,291
253,215
-
352,726
2,817,823
3,705,996
573,838
407
-
2,808,108
-
3,382,353
323,643		 Restricted
Endowment
Funds
Funds
£
£
10,000
-
-
-
48,359
-
-
-
-
-
-
-
335,606
-
393,965
-
-
-
-
-
-
-
375,815
2,000
-
-
375,815
2,000
18,150
(2,000)		 Restricted
Endowment
Funds
Funds
£
£
10,000
-
-
-
48,359
-
-
-
-
-
-
-
335,606
-
393,965
-
-
-
-
-
-
-
375,815
2,000
-
-
375,815
2,000
18,150
(2,000)		 2021
Total
£
53,941
2,000
284,650
253,215
-
352,726
3,153,429
4,099,961
573,838
407
-
3,185,923
-
3,760,168
339,793		 2021
Total
£
53,941
2,000
284,650
253,215
-
352,726
3,153,429
4,099,961
573,838
407
-
3,185,923
-
3,760,168
339,793		 2020
Total
£
42,063
(7,480)
34,122
636,139
139,327
74,877
2,897,146
4,099,961 3,816,194
573,838
407
-
3,185,923
-		 643,399
3,130
115,381
3,137,510
-
3,760,168 3,899,420
339,793 (83,226)
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items		 323,643
-
323,643		 18,150
-
18,150		 (2,000)
-
(2,000)		 339,793
-		 (3,532)
(79,694)
339,793 (83,226)
(7)
-
323,636
658,732
982,368		 7
-
18,157
17,294
35,451		 -
107,406
105,406
176,000
281,406		 - -
107,406 -
447,199
852,026		 (83,226)
935,252
1,299,225 852,026

All incoming resources and resources expended derive from continuing activities

The notes on pages 68 to 81 form part of these accounts

64

AGE UK LANCASHIRE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Other income
Income from investments
Gift Aid receivable from subsidiaries
9
Charitable activities
Provision of services
Total income
2
EXPENDITURE ON:
Raising funds
3
Shop operating costs
Fundraising
Charitable activities
Provision of services
4
Total expenditure
Net income/(expenditure)
7
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items
Gross transfers between funds
18, 19
Gains/(losses) on revaluation of Fixed Assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
18, 19
Total funds carried forward
18, 19		 Note
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Other income
Income from investments
Gift Aid receivable from subsidiaries
9
Charitable activities
Provision of services
Total income
2
EXPENDITURE ON:
Raising funds
3
Shop operating costs
Fundraising
Charitable activities
Provision of services
4
Total expenditure
Net income/(expenditure)
7
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items
Gross transfers between funds
18, 19
Gains/(losses) on revaluation of Fixed Assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
18, 19
Total funds carried forward
18, 19		 Unrestricted
Funds
£
43,941
2,000
236,291
253,215
352,726
-
2,817,823
3,705,996
573,838
407
2,808,108
3,382,353
323,643		 Restricted
Endowment
Funds
Funds
£
£
10,000
-
-
-
48,359
-
-
-
-
-
-
-
335,606
-
393,965
-
-
-
-
-
375,815
2,000
375,815
2,000
18,150
(2,000)		 Restricted
Endowment
Funds
Funds
£
£
10,000
-
-
-
48,359
-
-
-
-
-
-
-
335,606
-
393,965
-
-
-
-
-
375,815
2,000
375,815
2,000
18,150
(2,000)		 2021
Total
£
53,941
2,000
284,650
253,215
352,726
-
3,153,429
4,099,961
573,838
407
3,185,923
3,760,168
339,793		 2020
Total
£
42,063
(7,480)
34,122
636,139
74,877
23,946
2,897,146
3,700,813
643,399
3,130
3,137,510
3,784,039
(83,226)
Net income/(expenditure) pre exceptional items
Exceptional items
4
Net income/(expenditure) post exceptional items		 323,643
-
323,643		 18,150
-
18,150		 (2,000)
-
(2,000)		 339,793
-
339,793		 (3,532)
(79,694)
(83,226)
(7)
-
323,636
658,732
982,368		 7
-
18,157
17,294
35,451		 -
107,406
105,406
176,000
281,406		 -
107,406
447,199
852,026
1,299,225		 -
-
(83,226)
935,252
852,026

All incoming resources and resources expended derive from continuing activities

The notes on pages 68 to 81 form part of these accounts

65

AGE UK LANCASHIRE

BALANCE SHEETS

AS AT 31 MARCH 2021

Note
Fixed Assets
Tangible fixed assets
12
Investments
13
Investment in Joint venture
13
Current Assets
Stocks
14
Debtors
15
Cash at bank and in hand
Creditors
16
Net Current Assets
Net Assets
Capital and Reserves
Unrestricted funds
- General funds
18
- Designated funds
18
Restricted funds
- Endownment fund
19
- Revaluation reserve- endownment fund
19
- Other Restricted funds
19
Amounts falling due within one year		 Group
2021
£
344,923
-
6
344,929
73,125
240,457
1,126,013
1,439,595
(485,299)
954,296
1,299,225
907,368
75,000
982,368
174,000
107,406
35,451
316,857
1,299,225		 Group
2020
£
245,139
-
6
245,145
85,739
450,880
690,709
1,227,328
(620,447)
606,881
852,026
583,732
75,000
658,732
176,000
-
17,294
193,294
852,026		 Charity
2021
£
344,923
100
6
345,029
73,125
279,914
1,086,168
1,439,207
(485,011)
954,196
1,299,225
907,368
75,000
982,368
174,000
107,406
35,451
316,857
1,299,225		 Charity
2020
£
245,139
100
6
245,245
85,739
509,927
630,200
1,225,866
(619,085)
606,781
852,026
583,732
75,000
658,732
176,000
-
17,294
193,294
852,026

25.11.2021

Approved by the Trustees and authorised for issue on ………………...

Catherine Wilkinson Trustee

Company Number 07200267

The notes on pages 68 to 81 form part of these accounts

66

AGE UK LANCASHIRE

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

Note
Cash flows from operating activities:
Net cash provided by/(used in) operating activities
25
Cash flows from investing activities:
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period
26		 Group
Group
2021
2020
£
£
443,695
291,660
(8,391)
(20,734)
(8,391)
(20,734)
435,304
270,926
690,709
419,783
1,126,013
690,709

67

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Principal accounting policies a. Basis of accounting

These financial statements have been prepared in accordance with the 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 January 2015) - Charities SORP (FRS 102 second edition - October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional currency of the entity.

Age UK Lancashire meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant account policy note.

b. Going Concern Considerations

The trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

d. Investments in Joint Ventures Investments in joint ventures are accounted for under the equity method of accounting, with the Group's share of net income or net expenditure being recognised in the Statement of Financial Activities and the net carrying amount shown on the balance sheet.

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 the income will be received and the amount can be measured reliably.

Income from government and other grants, whether 'capital' grants or 'reserve' 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 not deferred. Grants includes furlough grant income received during the year.

h. Donations and legacies, and other forms of voluntary income

Donations and legacies and other forms of voluntary income are recognised in full in the Statements of Financial Activities when the receipt of income is considered probable and the amount receivable can be measured with sufficient reliability. i. Resources expended

Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs than can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between the expenditure categories of the Statements of Financial Activities on a basis designed to reflect the use of the resource. Support costs are apportioned on an appropriate basis, by the time central staff have spent on the relevant income streams.

Governance costs, included within support costs, include those costs associated with meeting the constitutional and statutory requirements of the Charity and include audit fees and costs linked to the strategic management of the Charity.

Other expenditure represents those items not falling into any other heading.

Staff costs are allocated to activities on the basis of staff time spent on those activities.

j. Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of support costs.

k. Endowment Funds

Endowment funds are included within restricted funds and relate to permanent endowments. Expenditure is allocated to the fund when incurred in the administration or protection of the property of the endowment.

l. Unrestricted funds

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.

68

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Fixed assets (excluding investments) are stated at revaluation value less accumulated depreciation. Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives, which are as follows:

Freehold Land & Buildings 2% Straight-line method Improvements to Buildings 2% Straight-line method Office & Computer Equipment 20-100% Straight-line method Fixtures & Fittings 10% Straight-line method Motor vehicles 5-25% Reducing balance method

Included within land and buildings is land totalling £150,000 which is not depreciated.

The capitalisation within the charity is for items purchased over £1,000 and of capital in nature to be capitalsied.

Purchased stock is valued at the lower of cost and net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items in an open market value.

Rentals paid under operating leases are charged to income as incurred.

The Charity operates a defined contribution pension scheme and makes contributions under auto-enrolment requirements. Contributions payable for the year are charged in the Statements of Financial Activities.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

s. Taxation

The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable activities.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

u. Legal status of Charity

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.

69

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

2 Income Donations totalled £53,941 (2020: £42,063) including restricted donations of £10,000 (2020: £nil). Legacy income totalled £2,000 in the year (2020: deficit £7,480).

Other income totalled £369,155 (2020: £74,877) including £87,397 insurance income (2020: £nil), £68,695 donations from Age UK (2020: £nil) and £142,092 from furlough income (2020: £nil).

Expenditure on Raising Funds
Direct Costs
Salaries, NI and pensions
Premises Costs
Other costs
Administration costs
Support Costs allocated to Raising Funds
Support Costs (see note 6)
Total Support Costs
Total Costs for Group in the year to 2021
Total Costs for Charity in the year to 2021
Direct Costs
Salaries, NI and pensions
Premises Costs
Other costs
Administration costs
Support Costs allocated to Raising Funds
Support Costs (see note 6)
Total Support Costs
Total Costs for Group in the year to 2020
Total Costs for Charity in the year to 2020		 Shop
Operating
Costs
£
249,955
140,483
40,747
16,423
447,608
126,230
126,230
573,838
573,838
Shop
Operating
Costs
£
298,893
198,174
35,889
15,007
547,963
95,436
95,436
643,399
643,399		 Fundraising
£
-
-
407
-
407
-
-
407
407
Fundraising
£
920
58
2,095
57
3,130
-
-
3,130
3,130		 Costs of
Trading
Subsidiary
£
-
-
-
-
-
-
-
-
-
Costs of
Trading
Subsidiary
£
114,529
-
-
852
115,381
-
-
115,381
-		 2021
Total
£
249,955
140,483
41,154
16,423
448,015
126,230
126,230
574,245
574,245
2020
Total
£
414,342
198,232
37,984
15,916
666,474
95,436
95,436
761,910
646,529

70

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

4
Expenditure on Charitable Activities
Direct Costs
Salaries, NI and Pensions
Other employment costs
Premises costs
Minibus and travel
Communication
Legal and professional fees
Day care consumables
Repairs and renewals
Printing, postage and publicity
Maintenance contracts and subscriptions
Volunteer expenses
Leasing costs
Room Hire
Marketing costs
Activities
Sundries and cleaning
Consultancy fees
Bank charges
Other costs (including depreciation)
Costs recharged to subsidiary
Support Costs allocated to Charitable Activities
Support Costs (see note 6)
Governance costs
Total Support Costs
Total Costs for Charity & Group		 2021
Provision of
Services
£
2,646,474
8,089
76,228
80,124
5,295
18,248
5,697
66,062
11,208
4,413
2,769
2,416
2,548
1,668
194
4,477
-
(139)
11,559
2,947,330
223,904
14,689
238,593
3,185,923		 2020
Provision of
Services
£
2,439,943
10,518
101,151
183,700
9,206
6,207
56,839
27,554
13,830
9,380
7,669
2,245
11,732
4,508
12,474
7,355
-
711
11,305
(43,883)
2,872,444
224,805
40,261
265,066
3,137,510
Within the costs for the financial year, there are a number of exceptional costs, as detailed below: number of exceptional costs, as detailed below:
The key costs incurred are as follows:- 2021 2020
£ £
Dilapidation costs -
 9,850
Interim Head of Finance -
 50,564
Project Dilligent costs -
 19,280
- 79,694

5 Trading cost of subsidiary

In the year to 31 March 2021 the operating costs of the trading subsidiary amounting to £Nil (2020: £115,381) comprised wholly of unrestricted expenditure.

71

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

6
Analysis of Support Costs
Basis of apportionment
Other Employment costs
Allocated on time spent on each income stream
Minibus and Travel
Allocated on time spent on each income stream
Communication
Allocated on time spent on each income stream
Legal and professional fees
Allocated on time spent on each income stream
Repairs and renewals
Allocated on time spent on each income stream
Printing charges
Allocated on time spent on each income stream
Maintenance
Allocated on time spent on each income stream
Volunteer expenses
Allocated on time spent on each income stream
Leasing costs
Allocated on time spent on each income stream
Room Hire
Allocated on time spent on each income stream
Marketing costs
Allocated on time spent on each income stream
Sundries and cleaning
Allocated on time spent on each income stream
Depreciation
Allocated on time spent on each income stream
Bank charges
Allocated on time spent on each income stream
Bad debt
Allocated on time spent on each income stream
Shared premises
Allocated on time spent on each income stream
Other costs
Allocated on time spent on each income stream
7
Income / (Expenditure)
The net income / (expenditure) is stated after charging/(crediting):
Operating leases
Depreciation
Exceptional costs (Note 4)		 2021
Total
£
82,311
1,247
104,230
35,976
9,318
17,070
21,489
2,299
222
111
10,663
1,467
16,013
4,499
2,660
2,056
38,503
350,134
2021
£
155,676
16,013
-		 2020
Total
£
67,612
15,285
108,778
30,551
2,307
19,163
20,411
38
603
4,541
10,303
2,295
11,204
6,582
2,931
17,637
320,241
2020
£
215,048
11,204
79,694

8 Auditors' remuneration

Total resources expended includes Auditors' remuneration for audit services and other services. The amounts shown include non-recoverable VAT.

Audit services
Charity		 2021
£
10,700
10,700		 2020
£
10,830
10,830

9 Gift Aid payment by trading subsidiary

Age UK Lancashire Trading Ltd is wholly owned by the Charity. The Company has agreed to pay over to the Charity its taxable profits for the year. A summary of the company's result for the year ended 31 March 2021 is:

summary of the company's result for the year ended 31 March 2021 is:
Turnover
Operating costs
Trading profit
Gift Aid payment to charity		 2021
£
-
-
-		 2020
£
139,327
(115,381)
23,946
23,946

72

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

10
Information regarding employees and trustees
Average number of employees in the period
- Full time employees
- Part time employees
Average number of employees
Full time equivalent number of employees
Staff costs comprise:
- Wages and salaries
- Redundancy costs
- Social security costs
- Pension contributions		 2021
43
168
211
127
£
2,646,667
47,792
152,244
50,240
2,896,943		 2020
40
191
231
134
£
2,642,962
30,755
130,320
50,247
2,854,284

During the year there were redundancy payments which amounted to £47,792 (2020:£30,755). These amounts were all paid prior to 31 May 2021

The number of employees whose employee benefits (excluding employer pension contributions) exceeded £60,000 was:

£60,001 - £70,000

2021 2020
No. No.
1 1

There was no remuneration paid to Trustees, who are all volunteers. Trustees' expenses reimbursed amounted to £571 (2020: £3,562).

Key management personnel of the Charity comprised the Trustees, the Chief Executive Officer, the Financial Controller, the Operations Director, the Management Accountant, the Interim Head of Finance, and the Business Development and Growth Director. The total employee benefits of the key management personnel of the Charity were £309,907 (2020: £283,863 ), in addition employer pension contribution of £12,425 (2020: £13,819) were paid in respect of their services, and redundancy pay of £nil (2020: £2,374).

11 Pension costs

The group operates a defined contribution pension scheme and makes contributions under auto-enrolment requirements. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents the contributions payable by the group to the fund. The charge for the year is £50,240 (2020: £50,247 ).

73

13 Fixed asset investment - Charity

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

12 Tangible fixed assets - Group and company

Cost/Valuation
Balance at 1 April 2020
Additions
Disposals
Revaluations
Balance at 31 March 2021
Depreciation
Balance at 1 April 2020
Charge for the period
Disposals
Revaluation
Balance at 31 March 2021
31 March 2021
31 March 2020		 Land &
Buildings
£
200,000
-
81,406
281,406
24,000
2,000
-
(26,000)
-
281,406
176,000		 Improvements
to Buildings
£
128,080
-
-
-
128,080
93,771
715
-
-
94,486
33,594
34,309		 Office
Equipment
£
22,740
6,611
-
-
29,351
14,723
7,504
-
-
22,227
7,124
8,017		 Fixtures &
Fittings
£
23,430
1,780
-
-
25,210
1,117
4,044
-
-
5,161
20,049
22,313		 Motor
Vehicles
£
8,000
-
-
-
8,000
3,500
1,750
-
-
5,250
2,750
4,500		 Total
£
382,250
8,391
-
81,406
472,047
137,111
16,013
-
(26,000)
127,124
344,923
245,139

The Charities property was revalued at £315,000 on 23 June 2021, which the trustees deemed representative of the value at the year end. The revaluation was undertaken by Gregory Brent Forbes MRICS, Partner of Petty and a Chartered Surveyor with over 25 years experience. Gregory Forbes is a RICS registered valuer (registration number 0068222).

In respect of the revalued land and buildings, the aggregate cost, depreciation and comparable carrying amount that would be recognised if the assets had been carried under the historical cost model are as followed:

As at 31 March 2021
Aggregate cost
aggregate depreciation
Carrying Value		 Land &
Buildings
£
200,000
(26,000)
174,000

Included within land and buildings of both the group and the charity is land totalling £150,000 which is not depreciated.

Fixed asset investment - Charity
Shares in Age UK Lancashire Trading Ltd - at cost
Cost and Net Book Value at 31 March 2021 and 2020
Investment in Joint Venture - CIC at cost		 2021
£
100
6
106		 2020
£
100
6
106

The Charity holds the whole of the issued share capital of Age UK Lancashire Trading Ltd (company number: 06430170), a company registered in England and Wales. Its principal activity is arranging insurance.

A summary of the trading results of Age UK Lancashire Trading Limited is shown in note 9. The aggregate of assets, liabilities and reserves is:

Assets
Liabilities
Total reserves (including £100 share capital)		 2021
£
39,845
(39,745)
100		 2020
£
60,509
(60,409)
100

74

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

The Charity holds 50% of the issued share capital of Age UK Greater Lancashire CIC, a company registered in England and Wales. Its principal activity is the delivery of contracts and services across the whole of the county of Lancashire.

Fixed asset investment - Group
Cost and Net Book Value at 31 March 2021 and 2020
14
Stocks - Group and Charity
Goods for resale
15
Debtors
Trade debtors
Prepayments and accrued income
Amount due from subsidiary undertakings
Other debtors
Investment in Joint Venture - CIC at cost		 Group
2021
£
66,126
146,962
-
27,369
240,457		 Group
2020
£
275,759
166,927
-
8,194
450,880		 2021
£
6
6
2021
£
73,125
Charity
2021
£
66,126
146,962
39,457
27,369
279,914		 2020
£
6
6
2020
£
85,739
Charity
2020
£
275,759
166,927
59,047
8,194
509,927
Creditors: Amounts falling due within one year
Trade creditors
Accruals and deferred income
Taxation and social security
Other creditors
Payments received on account for contracts or performance related
grants		 Group
2021
£
74,277
164,404
246,618
-
-
485,299		 Group
2020
£
72,598
164,129
345,993
34,554
3,173
620,447		 Charity
2021
£
73,989
164,404
246,618
-
-
485,011		 Charity
2020
£
72,598
164,129
345,993
34,554
1,811
619,085

16 Creditors: Amounts falling due within one year

17 Payments received on account for contracts or performance related grants

Payments received on account for contracts or performance related grants comprises of funds received in advance for expenditure to take place in the following accounting period.

following accounting period.
Balance at 1 April 2020
Amount released to incoming resources
Amount deferred in period
Balance at 31 March 2021		 £
345,993
(345,993)
246,618
Group &
Charity
246,618

75

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

18
Unrestricted funds - CHARITY
Designated funds
Undesignated funds
Charity
Designated funds
Undesignated funds
Charity
Unrestricted funds - GROUP
Designated funds
Covid-19 Legal Costs Reserve
Undesignated funds
Group
Designated funds
Covid-19 Legal Costs Reserve
Undesignated funds
Group		 1 April
2020
£
75,000
583,732
658,732
1 April
2019
£
-
712,515
712,515
1 April
2020
£
75,000
583,732
658,732
1 April
2019
£
-
712,515
712,515		 Incoming
£
-
3,705,996
3,705,996
Incoming
£
-
3,288,840
3,288,840
Incoming
£
-
3,705,996
3,705,996
Incoming
£
-
3,404,221
3,404,221		 Outgoing
£
-
(3,382,353)
(3,382,353)
Outgoing
£
-
(3,343,828)
(3,343,828)
Outgoing
£
-
(3,382,353)
(3,382,353)
Outgoing
£
-
(3,459,209)
(3,459,209)		 Transfers
£
-
(7)
(7)
Transfers
£
75,000
(73,795)
1,205
Transfers
£
-
(7)
(7)
Transfers
£
75,000
(73,795)
1,205		 31 March
2021
£
75,000
907,368
982,368
31 March
2020
£
75,000
583,732
658,732
31 March
2021
£
75,000
907,368
982,368
31 March
2020
£
75,000
583,732
658,732

Funds are designated for the following purposes

Name Covid-19 Legal Costs Reserve

Purpose

The Trustees designated £75,000 of funds to cover potential legal costs linked to Covid-19. This was as a result of changes and available Director and Officer insurance cover across the social care sector linked to Covid-19 and is seen as a mitigation of a potential risk. The trustees will continue to monitor the requirement for this.

76

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

19
Restricted Funds
Description of Fund
Endowment Fund
Revaluation reserve - Endowment fund
Restricted funds - Charity and Group
Investment in Joint Venture
Restricted funds - Group
The Bay ICC
Centre for Discovery (Catalyst)
Ormskirk Premises
Peter Lathom - Omskirk Kitchen
Lancashire Community Foundation
Removing Barriers
Art of Isolation
Walton Lane SitC
Armed Forced Covenant Trust
Eric Wright Grant
Winter Pressures
0300 Service (Covid 19)
Retirement Planning Workshops
Covid Appeal Funding
Post Code Garden Fund
Building Better Opportunities: Age of Opportunity
Good Things Foundation
Fylde Coast CCGs: Covid Response Fund Grant		 1 April
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
12,500
-
2,310
2,484
17,294
176,000
-
193,294
-
193,294		 Incoming
£
136,209
122,154
9,773
630
4,956
1,000
5,000
22,860
9,350
5,000
10,000
2,000
5,000
20,000
25,000
15,033
-
-
393,965
-
-
393,965
-
393,965		 Outgoing
£
(145,783)
(122,154)
(9,773)
(630)
(4,956)
(1,000)
(5,000)
(22,860)
(9,350)
(5,000)
(5,833)
(2,000)
(1,200)
(20,000)
(12,500)
(7,776)
-
-
(375,815)
(2,000)
-
(377,815)
-
(377,815)		 Transfers/
Revaluation
£
9,574
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(7,257)
(2,310)
-
7
-
107,406
107,413
-
107,413		 31 March
2021
£
-
-
-
-
-
-
-
-
-
-
4,167
-
3,800
-
25,000
-
-
2,484
35,451
174,000
107,406
316,857
-
316,857

Restricted Funds Explained :

Building Better Opportunties: Age of Opportunity

Centre for Discovery (Catalyst)

Funded by the European Social Fund and The National Lottery Community Fund to meet the needs of over 50s who would like to work but are unable to without additional skills or support

Discovery learning programme for Digital Transformation

Lancashire Community Foundation

To set up our Digital Inclusion Project to support people excluded from the move to digital during the pandemic

Good Things Foundation

To support digital inclusion for 75 people

Fylde Coast CCGs: Covid Response Fund Grant

To support digital inclusion to people in Wyre and Fylde

The Bay ICC

Purchase IT hardware to support the older community around digitalisation

Age UK: Covid Appeal Funding

Age UK National Appeal funding to be spent on Covid activities

Armed Forces Covenant Trust: Removing Barriers

Grant to provide support for Veterans and their families

Armed Forces Covenant Trust: Forces Communities Together Fund/Art of Isolation

To provide an Art of Isolation project to enable local veterans to share their creativity during lockdown

Lancashire Community Foundation

0300 Service (Covid 19) to provide continued support on a helpline to offer support to vulnerable people

Cumberland Building Society

To deliver free Retirement Planning Workshops to adults in Preston and Lancaster

The Skelton Charity

For Support in the Community at Walton Lane, Nelson

77

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

B&Q Foundation Armed Forces Covenant Trust Eric Wright Trust

Resources for Ormskirk centre

Grant to expand our Good Day Calls services to support local veterans of the armed forces

Provide information and advice to older people on a range of issues including benefits, health and welfare

NHS England Grant through Age UK /Winter Pressures Peter Lathom - Ormskirk Kitchen Post Code Lottery Garden Fund

To deliver the NHSE's Volunary Sector Surge Support Programme

Historic funds have been transferred to unrestricted funds in the year

Provided for the Walton Lane Community Garden Project

Restricted Funds 2020
Description of Fund
Building better opputunities
Legacy - St Annes
Veterans
Befriending
Eric Wright grant
Winter Pressures
Post Code Garden Fund
Peter Lathom - Ormskirk Kitchen
The Galbraith Trust - Battling
Loneliness
Endowment Fund
Restricted funds - Charity and Group
Investment in Joint Venture
Restricted funds - Group
20
Analysis of Group net assets between funds
2021:
Tangible fixed assets
Investment in Joint venture
Current Assets
Current Liabilities
2021 Total
2020:
Tangible fixed assets
Investment in Joint venture
Current Assets
Current Liabilities
2020 Total		 1 April
2019
£
-
25,573
-
-
12,500
-
-
2,310
4,354
44,737
178,000
222,737
-
222,737		 Incoming
£
154,878
-
110,829
30,000
25,000
83,543
7,723
-
-
411,973
-
411,973
-
411,973
Unrestricted
Funds
£
63,517
-
1,207,217
(288,365)
982,369
Unrestricted
Funds
£
69,139
-
1,003,281
(413,688)
658,732		 Outgoing
£
(172,928)
(25,573)
(110,742)
(25,126)
(25,000)
(69,249)
(5,239)
-
(4,354)
(438,211)
(2,000)
(440,211)
-
(440,211)
Restricted
Funds
£
-
6
232,660
(197,215)
35,451
Restricted
Funds
£
-
6
224,047
(206,759)
17,294		 Transfers
£
18,050
-
(87)
(4,874)
-
(14,294)
-
-
-
(1,205)
-
(1,205)
-
(1,205)
Endowment
Funds
£
281,406
-
-
-
281,406
Endowment
Funds
£
176,000
-
-
-
176,000		 31 March
2020
£
-
-
-
-
12,500
-
2,484
2,310
-
17,294
176,000
193,294
-
193,294
Total
2021
£
344,923
6
1,439,877
(485,580)
1,299,225
Total
2020
£
245,139
6
1,227,328
(620,447)
852,026

78

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

21
Changes in resources available for charity use- Group
2021:
Net movement in funds for the period
Net decrease/(increase) in tangible assets
2020:
Net movement in funds for the period
Net decrease/(increase) in tangible assets
Net movement in funds available for future activities
Net movement in funds available for future activities		 Designated
Undesignated
Funds
Funds
£
£
-
323,636
-
5,622
-
329,258
Designated
Undesignated
Funds
Funds
£
£
75,000
(128,783)
-
(11,529)
75,000
(140,312)
Unrestricted Funds
Unrestricted Funds		 Restricted
Endowment
Funds
Funds
£
£
18,157
105,406
-
(105,406)
18,157
-
Restricted
Endowment
Funds
Funds
£
£
(27,444)
(2,000)
-
2,000
(27,444)
-
Restricted Funds
Restricted Funds		 Total
2021
£
447,199
(99,784)
347,415
Total
2020
£
(83,227)
(9,529)
(92,756)

Capital expenditure contracted for but not provided for in the financial statements is as follows:

2021
£
,
Tangible assets
48,000
2021
£
Operating leases which expire:
Within one year
105,797
Within two to five years
237,462
343,258
At 31 March the Charity had total future commitments under non-cancellable operating leases
Land &		 2020
£
-
2020
£
130,717
241,919
372,636
as set out below:
Buildings		 2021
£
16,586
-
16,586
Other A		 2020
£
71,874
-
ssets
71,874

24 Guarantees

Each current member and any member who has resigned within the last twelve months agrees, in the event of the company being wound up, to contribute to any deficiency in assets a sum not exceeding £1.

25 Reconciliation of net income/(expenditure) to net cash flow from operating activities

Net income / (expenditure) for the reporting period (as per the statement of financial activities)
Adjustments for:
Depreciation charges
Fixed asset write down
(Increase) / Decrease in stocks
Decrease/(Increase) in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operating activities		 Group
2021
£
339,793
16,013
-
12,614
210,423
(135,148)
443,695		 Group
2020
£
(83,226)
11,205
-
(4,372)
61,330
306,723
291,660

79

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

26
Analysis of changes in net debt
Cash
Total
27
Comparative Consolidated Statement of Financing Activities
Unrestricted
Funds
INCOME FROM:
Donations & legacies
Donations
42,063
Legacies
(7,480)
Grants
1,399
Other trading activities
Shop income
636,139
Turnover of trading subsidiary
139,327
Other income
74,877
Charitable activities
Provision of services
2,517,896
Total income
3,404,221
EXPENDITURE ON:
Raising funds
Shop operating costs
643,399
Fundraising
3,130
Trading cost of subsidiary
115,381
Charitable activities
Provision of services
2,697,299
Other expenditure
-
Total expenditure
3,459,209
Net income/(expenditure)
(54,988)
Net income/(expenditure) pre exceptional items
24,706
Exceptional items
(79,694)
Net income/(expenditure) post exceptional items
(54,988)
Gross transfers between funds
1,205
Net movement in funds
(53,783)
Reconciliation of funds
Total funds brought forward
712,515
Total funds carried forward
658,732		 26
Analysis of changes in net debt
Cash
Total
27
Comparative Consolidated Statement of Financing Activities
Unrestricted
Funds
INCOME FROM:
Donations & legacies
Donations
42,063
Legacies
(7,480)
Grants
1,399
Other trading activities
Shop income
636,139
Turnover of trading subsidiary
139,327
Other income
74,877
Charitable activities
Provision of services
2,517,896
Total income
3,404,221
EXPENDITURE ON:
Raising funds
Shop operating costs
643,399
Fundraising
3,130
Trading cost of subsidiary
115,381
Charitable activities
Provision of services
2,697,299
Other expenditure
-
Total expenditure
3,459,209
Net income/(expenditure)
(54,988)
Net income/(expenditure) pre exceptional items
24,706
Exceptional items
(79,694)
Net income/(expenditure) post exceptional items
(54,988)
Gross transfers between funds
1,205
Net movement in funds
(53,783)
Reconciliation of funds
Total funds brought forward
712,515
Total funds carried forward
658,732		 26
Analysis of changes in net debt
Cash
Total
27
Comparative Consolidated Statement of Financing Activities
Unrestricted
Funds
INCOME FROM:
Donations & legacies
Donations
42,063
Legacies
(7,480)
Grants
1,399
Other trading activities
Shop income
636,139
Turnover of trading subsidiary
139,327
Other income
74,877
Charitable activities
Provision of services
2,517,896
Total income
3,404,221
EXPENDITURE ON:
Raising funds
Shop operating costs
643,399
Fundraising
3,130
Trading cost of subsidiary
115,381
Charitable activities
Provision of services
2,697,299
Other expenditure
-
Total expenditure
3,459,209
Net income/(expenditure)
(54,988)
Net income/(expenditure) pre exceptional items
24,706
Exceptional items
(79,694)
Net income/(expenditure) post exceptional items
(54,988)
Gross transfers between funds
1,205
Net movement in funds
(53,783)
Reconciliation of funds
Total funds brought forward
712,515
Total funds carried forward
658,732		 Restricted
Funds
-
-
32,723
-
-
-
379,250
411,973
-
-
-
438,211
-
438,211
(26,238)		 Group
At 1 April
2020
£
690,709		 Cash
Group
flows
At 31 March
2021
£
£
435,304
1,126,013
690,709 435,304
1,126,013
Endowment
Funds
-
-
-
-
-
-
-
-
-
-
-
2,000
-
2,000
(2,000)		 2020
Total
42,063
(7,480)
34,122
636,139
139,327
74,877
2,897,146
3,816,194
643,399
3,130
115,381
3,137,510
-
3,899,420
(83,226)
(3,532)
(79,694)
(83,226)
-
(83,226)
935,252
852,026
Net income/(expenditure) pre exceptional items
Exceptional items
Net income/(expenditure) post exceptional items		 24,706
(79,694)
(54,988)		 (26,238)
-
(26,238)		 (2,000)
-
(2,000)		 (3,532)
(79,694)
(83,226)
1,205
(53,783)
712,515
658,732		 (1,205)
(27,443)
44,737
17,294		 -
(2,000)
178,000
176,000

80

AGE UK LANCASHIRE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

28
Comparative Charity Statement of Financing Activities
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Other income
Income from investments
Gift Aid receivable from subsidiaries
Charitable activities
Provision of services
Total income
EXPENDITURE ON:
Raising funds
Shop operating costs
Fundraising
Charitable activities
Provision of services
Other expenditure
Total expenditure
Net income/(expenditure)
Net income/(expenditure) pre exceptional items
Exceptional items
Net income/(expenditure) post exceptional items
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 28
Comparative Charity Statement of Financing Activities
INCOME FROM:
Donations & legacies
Donations
Legacies
Grants
Other trading activities
Shop income
Other income
Income from investments
Gift Aid receivable from subsidiaries
Charitable activities
Provision of services
Total income
EXPENDITURE ON:
Raising funds
Shop operating costs
Fundraising
Charitable activities
Provision of services
Other expenditure
Total expenditure
Net income/(expenditure)
Net income/(expenditure) pre exceptional items
Exceptional items
Net income/(expenditure) post exceptional items
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
42,063
(7,480)
1,399
636,139
74,877
23,946
2,517,896
3,288,840
643,399
3,130
2,697,299
-
3,343,828
(54,988)		 Restricted
Funds
£
-
-
32,723
-
-
-
379,250
411,973
-
-
438,211
-
438,211
(26,238)		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
2,000
-
2,000
(2,000)		 2020
Total
£
42,063
(7,480)
34,122
636,139
74,877
23,946
2,897,146
3,700,813
643,399
3,130
3,137,510
-
3,784,039
(83,226)
Net income/(expenditure) pre exceptional items
Exceptional items
Net income/(expenditure) post exceptional items		 24,706
(79,694)
(54,988)		 (26,238)
-
(26,238)		 (2,000)
-
(2,000)		 (3,532)
(79,694)
(83,226)
1,205
(53,783)
712,515
658,732		 (1,205)
(27,443)
44,737
17,294		 -
(2,000)
178,000
176,000		 -
(83,226)
935,252
852,026

81