AGE UK TAMESIDE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charity registration number 1142364 Company registration number 07535629 (England and Wales)
AGE UK TAMESIDE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr Robert Needham Mrs R S Thompson Mrs J Woodward Mr P Chester (Appointed 23 November 20231 {Appoinled 23 November 20231 Ms J Sheppeck Secretary M Thorpe Charity numbgr 1142364 Company number 07535629 Registered off Ice 131 Katherine Street Ashlon-under-Lyne Greater Manchesler OL6 7AW Auditor Champion Accountants LLP 7-9 Slalion Road Heskelh Bank Pieslon Lancashire PR4 SSN
AGE UK TAMESIDE CONTENTS Page Trustees, report Slalemenl of Iruslees, responsibilities Independent audilorfs report 9-11 Slalemenl of financial activities 12-13 Balance sheet 14-15 Notes lo the financial slalemenls 16-28
AGE UK TAMESIDE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees present their annual report and financial statements for the year ended 31 March 2024. The financial slalemenls have been prepaied in ac¢ordan¢e wilh the accounting policies sel out in the notes 1 10 the financia1 statements and comply with the ¢harity's governing document, the Companies Act 2006 and "A¢cDunling and Reporting by Charities.. Slalemenl ol Recommended Practice applicable lo charities preparing their a¢¢ounls in accordance with the Financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021" {effeclive 1 January 2019). Objectives and activities The objects and powers of the organisalion are governed by the Articles of Association. The Charity's registered office is 131 Katherine St, Ashlon-under-Lyne. Tameside. OL6 7AW. The policies and general management of the Charity's activities are directed by the Board of Trustees which meets a minimum of six limes per year and delegate responsibility foT the delivery of policy and general management lo The Chief Executive Officer Marcia Thorpe. The Board of Trustees is responsible for the overall governan, management and control of the organisalion, working with the Chief Executive Officer ICEOI and Senior Management Team {SMTI on strategic and organisalional development. The SMT name, role and function has been reviewed and replaced with the Leadership Team {LD with a newly developed Terms of Referen¢& and meeting s¢hedule. Decisions about day-lo-day operations are taken by the CEO and the SMT., decisions on mallers of significant impli¢alions incSuding health and safely, safeguarding and legal compliance le.g., Data prolecliDnl are brought to the Board ofTrustees. Publlc Benefit The Board of Trustees gives Tegard lo the Charity Commission guidelines on Public Benefit. The description of achievements and performance in the following sections ol the report aim lo describe how the income generated via a lange of sources is best allocated lo meet the public benefit of the population Ihe ChaTily exists lo serve, namely older people in and around the area ofTameside.
AGE UK TAMESIDE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance Aga UK Tameslde Services The Charity has managed lo secure all of its core services funded by the Tameside Melropolilan Borough Council, and the Inlegraled Care Board, Greater Manchester, we have launched a new foolcare enterprise. which is outperforming ils Customer and financial annual largels. The Reaching Communities Lottery funding is in its final year for the Get Up & Go SeFViGe, and we have devised a service exil plan selling out the provision of mental heallh support lor older people once the funding ceases lo relain elements ol the service beyond the 5 year funding term. We have also devised a detailed growth plan for the 131 Club which despite positive growth over t1 financial year, the Club is still underperforming. We have secured external funding from Greater Manchester Community Voluntary Organisalion IGMCVOI lo support a new full lime 131 Club promotional role for 2 years. This role will be dedicated lo increasing the Club CLJslomer base, we will see the positive outcomes of this over Ihe next financial year when the funding we have secured is released. On¢e again there has been a significant increase In the demand for our Information and Advice Service. some of which is being driven by national, regional and lo¢al media promotion of the pension credil welfare. TMBC have funded a part lime Advisor, seconded lo the service lo help deal with this demand and Age UK England continue lo provide a national Information & Advice Helpline. Communlty Support The Community Support Service provides practical support lo older people in their own homes, this includes those who have recently been discharged from hospital, lost their confidence, feel lonely and isolated or need additional support lo engage with local community groups and aclivilies. This service Continues lo be funded by Tameside MBC. Informatlon. Advice and Advocacy Our Information and Advice service funded by TMBC provides free assistance for welfare benefils and slatulory support enlillemenls. The Next Steps Employability Programme is also part of the team as another way for clients to access support lo maximise their income and is funded by the National Lottery. DgmBntla Servlce We continue lo provide Maintenance Cognitive Stimulation Therapy IMCSTI groups for people living with early onset Dementia. Working in collaboration with the Dipak Drisli Community Group. supporting a Gujarali speaking client group for one Df the groups and an open group for the olher MCST programme we deliver, both from our Centre base. Falls Preventlon Our Falls Prevention Programme provides in the home assessment for aids and adaplalions, access lo an 8 week falSs course, follow on classes delivered in our Dance and Fitness Sludio and aftercare SUPPDrt lo help course participants continue with stienglh and balance exercise and integrate course learning into their everyday lives lo prevent a further fall, improve mobilily and increase independen. This year we have worked with racially diverse communities lo increase their ability lo access the course. Wlnter Warm This year the Wnl&r Warm initiative ran from January lo March 2024 and was funded by the National Lollery, we provided free lunches Monday lo Friday together with a Imnler Warm Hub where older people could slay al the Centre lo watch television, listen lo the radio, read or surf the nel in a warm cozy environment with refreshments. As well as providing winter woollies hals, gloves, socks, blankets and slay warm advi¢& and information.
AGE UK TAMESIDE TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Free Lunch Friday This year we have secured a Sponsor for our Flee Lunch Friday Club. The Lunch is provided via a booking system and includes a home cooked 2 course meal with refreshments. Appreclatlon and Thanks The Charity would like lo thank ils staff team for their continued ¢ommilmenl lo delivering high quality services lo oILler people living in Tam6side and for working in ways that help lo create and sustain a positive work environment for all. To ils volunteers for their hard work, loyally and dedication. To the Board for living up lo the responsibilities ol good governance and leadership. as we look forward lo celebrating 50 years ofAge UK Tameside next year. We would also like lo thank those local businesses for supporting our work through our 365 Supporters Club, Unilrack Powder Flight Ltd. MAP Performance Ltd, Northern Security and lo Tony Orrell, local businessman, neighbour and long standing friend of the Charity for sponsoring Free Lunch Friday. Flnancial review Financial Management and Reserves Policy During this financial year the Board of Trustees review the Charity's activities and financial position in the following ways.. Allencl a one day Strategic Workshop with tho Leadership Team lo review the l&s15 year strategic plan and sel out the pathway for the ChaTily's Slrale9y for 2024. The Treasurer and Finance Office have an annual meeting schedule. to sel budgets. discuss management accounts, monitor incomelexpenditure. The Trustees regularly review the Charily's activities and financial position with regard lo the level ol commitments in respect of contracted services, the staffing profile, property and expected future needs and opportunities. The review focuses on future years income forecasts and planned expenditure, analysis of contingencies anlicipaled, existing and new challenges. vulnerabilities and risks and their Potential impact and likelihood. New ¢hallenge5 focus on the uncertainties and deslabilisalion in the development of the personalisalion agenda and the massive government changes taking place in slalulory sliuclures and delivery. as well as the impact of the economic situation generally and locally. 11 has been identified that lo provide for three lo six months unreslricled direct charitable costs, unreslricled reserves should be in in the rage £129,000 to £258,000 based on 2024 actuals for direct charitable unreslricled funds lexcluding designated funds) being 3-6 months. worth The results for the year show a deficit of £112.490, leaving free funds of £107.127 representing 4fj.5Qh of the required ieservos. The Trustees continue lo monitor this position and endeavour lo build general funds towards Ihls largel Investment Policy The Charity holds investments as described in the notes lo the Accounts and monitors the performance of these funds. A large proportion of the amounts shown as 'Cash and Bank. on the Balance Sheet is actually thposited in a number of bank accounts, including deposit accounts which allracl the best interest rates available for the term ol the deposit.
AGE UK TAMESIDE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Rlsk Management Age UK Tameside maintains a ¢omprehensive Risk Register. This document is supported by a Risk Management Plan. The Board monitor the Risk Management Plan al quarterly intervals. Risks are measured using a traffic light system. Where risks are recorded as red or high priorily, the Board agree miligaling action lo address and reduce the level of risk. Quallty Age UK Tameside aims lo achieve the highest possible standards during the financial year we successfully secured Ag& UK England Chairty Quality Siandards ICQS) following and in-depth assessment ancl onsite inspection as well as the Quality Mark for our Informalion and Advice Service, which includes a mystery shopper test and Client file audit, bolh are valid for 3 years. We continue lo relain the local Action Together Quality Award. Structure. governance and management Age UK Tameside is a Charitsble Gompany limited by guarantee, company registration number 07535629, Charity regislialion number 1142364. The Charity was established for the following purposes for the benefit of the public andlor older people in and around Tameside.. Preventing or relieving the poverty of older people Advancing education Preventing or relieving sickness, disease or suffering in older people Iwhelher emDtional. mentsl OT physicall Promoting equality and diversity Promoting the human rights of older people in accordance with the Universal Declaration of Human Rights Assisting older people in need by reasori of ill-heallh, disability, financial hardship, social exclusion or other disadvantage Such chaiitable purposes for the benefits of older people as the Iruslees may from Ilme to lime decide The outcome of this being the wellbeing of older people The Iruslees. who are also the directors for the PLsrpose of company law, and who served during the year and up lo the dale of signalure of the financial ststements were.. Mr H Smith (Resigned 23 November 2023} Mr Robert Needham Mrs R S Thompson Mrs J Woodward Mr C Biddle Mr D Chauhan Mr P Chester Ms J Sheppeck (Resigned 25 April 20241 (Resigned 23 NovembeT 2023} (Appointed 23 November 20231 (Appoinled 23 November 20231
AGE UK TAMESIDE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Recrullment and appolntment of the new Trustee5 During this financial year the Board focussed ils activities on embedding a new board and participated in a strategic review workshop with the Leadership Team. As well as some training activities for the Treasurer and mentorship with long standing Board members. Th6 service PTDvided by the Trustees is a voluntary one and the Trustees did not receive or waive any remuneration or benefits for the seivices they gave during the year. Age UK Tameside also conducts business with ils associates within the Age England Association and with Age UK. Inductlon and tralnlng of new Trustees Any potential new Trustees submit an expression of interest and allend a welcome meeting with a Current Trustees. this meeting focusses skills and experiences they may bring lo support the Charities objeclives. New Trustees then attend a fomial inlroduelion with the CEO where they are guided through a presentation about the Charities history ID current day, talk through the Strategic Plan, Scheme of Delegation. tour the building. facilities, meet staff and volunteers. Al this lime new Trustees also complete Personal Contact Forms, Conflict of Interest Declaration forms. Fil and Proper Person Declaration and receive the Charity Commissions recommended Effective Governance Handbook.
AGE UK TAMESIDE TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisational Structure and D8clslon Making The charity has 22 salaried staff and 11 volunteers. The Board delegate responsibility for the day-lo-day operations and implemenlalion of the strategic plan lo Marcia Thorpe, Chief Executive Offi¢er ICEOI. The Board and CEO are governed by a Scheme of Delegation. The Leadership Team is now established with a further review of the new Enterprise Development Manager role. This role no longer has line management responsibility for the Customer Service Team and has been changed to the Fundraising and Enterprise Manager so the post holder can focus on securing new unreslricled ¢orpDrale income. The Leadership Team. comprises of the CEO, Finance Officerlchaiity Accountant, the Services Director and Fundraisin9 and Enterprise Manager. Decision making within the Charity is informed by ongoing assessment of the internal and exleTnal environment from a local perspective through information gathered by our inclusion in strategic forums, community networking, older people consullalion events and ac¢6ss lo slalislical data, as well as through partner relationships with likeminded Charities, Failh Groups and our long-eslablished working relationship with Commissioners. Decision making is influenced from a national perspective through a strong relationship with Age UK groups across Greater Manchester and the Northwest of England. The organisalion also benefits from the Brand Partnership Agreement with Age UK England, these benefits include training, service development, access lo research. business modelling, access to grants, marketing and public relations. Age UK England are in the final stages of presenting the new Brand Partnershlp, activities this year have focussed on webinars and special interest groups lo explore and review draft Brand Partnership Agreements, which the CEO, Finance Officer and Chair have participated. Age UK England has commilled to publish the Brand PartrErship Agreement for final Board approval December 2024. The Board make key decisions on.. financial mallers and capital expenditure in excess of £5,000 growth opportunities Servi closures a15ocalion of reselves risk management organisalional development and structure The Chief Exe¢ulive Officer provides relevant information lo the Trustees which help inform their decisions. The Chief Executive OffIr has delegated resptsnsibilily lo deliver the agreed strategic objectives with the Charities management team. Service Performance, Health and Safely, Safeguarding, Information Goveinan¢e, Client Feedback, Complaints, Finance Management and Budget Reports are slanding agenda items for Board meetings. There are several key performance indicators lo assist the Board lo monitor performance and identify under performance, so they can agree remedial actions.
AGE UK TAMESIDE TRUSTEES, REPORT {INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 staffing and Resources Age UK Tameside constsnlly reviews the balance and affordability of staff and volunteers against increasing demand for our services. This review information is used to identify the need for new posts, staff developments, targeted volunteer recruitment campaigns and organisalional reslruclures. Charlty Ethos All Age UK Tameside staff and volunteers share a common goal-, lo support older people slay as independent as possible and maintain a good quality ol life. Since lunching our 'Living the Values, in May 2018, they are now lully embedded into the everyday work of charity and a major part of the induction process and ongoing coaching or the staff team, our values are: We Take Pride in What We Do We Strive for Excellence We Pul People First WeAct with Inlegrily We Respect Others The nominated staff representation group 'The Middlers, have sueeessfully produced a fundraising calèndar. sel up an outdoor wellbeing space foi staff and volunteers, delivered wellbeing a¢livilies to support stsff mental health, organised 2 staff outings and launched a new Charity review newsleller. Audltor In accordance with the company's aTlicles, a resolution proposing that Champion Accountants LLP be reappointed as auditor of the company will be pul al a General Meeting. The Iruslees. report was approved by Ihe Board of Trustees. Mr Robert Needham Trustee rs J Woodward rustee Date.. /3_ 12- Zo2
AGE UK TAMESIDE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The tiuslees, who are also the directors of Age UK Tameside for the purpose of company law. are responsible for preparing the Trustees, Report and the financial slalements in accordance with applicable law and United Kingdom Accounting Standards (United KingLfom Generally Accepted Accounting Practice}. Company Law requires the Iruslees lo prepare financial slalemenls for each financial year which give a true and fair view of the slate of affairs of the charily and of the incoming resources and application of resouices, including the income and expenditure, of the charitable Company for that year. In prepaTing these financial slalemenls. the Iruslees aTe required lo.. select suitable accounting policies and then apply them consistently.. observe the methods and principles in the Charities SORP., make judgements and eslimales Ihat are reasonable and prudent., slate whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained in the financial slatemenls.. and prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting recoTds that disclose with reasonable accuracy at any lime the financial position of the charity and enable them lo ensure that the financial slalemenls comp5y wlh the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and dele¢lion of fraud and other irregularities.
AGE UK TAMESIDE INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OFAGE UK TAMESIDE Oplnlon We have audited Ihe financial slalemenls of Age UK Tameside Ilhe 'charilable companycharity'l for the year ended 31 March 2024 which comprise the slalemenl of financial aclivilies, the balance sheet and notes lo the financial slalemenls, including significant a¢counling policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 Th8 Financial Reportirjg Standard applicab18 in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted AccDunling Praclicel. In our opinion, the financial slatemenls.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2024 and of ils incoming resources and application of resources, for the year then ended., have been prop&rly prepared in accordance with United Kingdom Generally Aceepled Accounting Practi., and have been prepared in accordance with the requirements of the Companies Act 2006. Basi5 for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Audilofs responsNbililies for the audit ol the financial slalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe Ihal the audit evidence we have obtained is sufficient and appropriate lo piovide a basis for our opinion. Concluslons relatlny to going concern In auditing the financial slalemenls, we have concluded that the Iruslees. use of the going COnM basis ol accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertalnlies relating lo events or conditions that. individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibililies of the trustees with respect lo going concern are described in the relevant sections of this report. Other Informatlon The other information comprises the information included in the annual report other than the financial statements and our audilor's report th&reon. The Iruslees are responsible for the other infoimalion contained within the annual report. Our opinion on the financial statements does not cover the other inlormalion and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo read the other information and, in doing so, Consider whether the other information is materially inconsislenl with the financial stalemenls or our knowledge obtained in the course of the audit. or otherwise appeals lo be materially misslaled. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misslalemenl in the financial slalemenls themselves. If, based on the work we have performed, we conclude that there is a material misslalemenl of this other information, we are required lo report that fact. We have nothing lo report in this regard. Matters on which we are required to report by exception We have nothing lo report in respect of the following mallers in relation lo which the Charities (Account¥ and Reports) Règulations 2008 require us lo report lo you il, in our opinion.. the inforrnalion given in the financial slalemenls is inconsislenl in any material respect with the Iruslees, report., or sufficient accounting records have not been kept,. or the financial slalemenls are not in agreement with the accounting records., or we have not received all the information and explanations we require for our audit.
AGE UK TAMESIDE INDEPENDENT AUDITOR'S REPORT {CONTINUED) TO THE TRUSTEES OF AGE UK TAMESIDE Responslbllltles of trustees As explained more fully in the slalement of Irus16es' responsibililies. the trustees, who are also the directors of the charity lor the purpose ol company law, are responsible for the preparation of the financial slalemenls and for being satisfied Ihal they give a true and fair view. and for such internal control as the trustees determine is necessary lo enable the preparation of financial slalemenls that are free from material misslalemenl, whether due lo fraud or error. In preparing the financial slatemenls, the Iruslees are iesponsible for assessing the charity's ability lo continue as a 90ing concern, disclosing. as applicable, mallers related lo going concern and using the going concern basis of accounting unless the Iruslees either intend to liquidate the eharilable company or to cease opèrations, or have no realistic allernalive bul lo do so. Auditor's responslbilities for the audit of the flnancial statements We have been appointed as auditor under se¢lion 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effecl Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free ffom material misslalemenl. whether due lo fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accoTdance with ISAS IUKI will always delecl a material misslalemenl when il exists. Misslalemenls can arise from Iiaud or error and are considered material if. individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slalemenls. Irfegularilies, including fraud. are instances of non-compliance wilh laws and regulations. We design procedures in line with our responsibilities, outlined above, lo delecl material misslalemenls in respect of irregularities. including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed below.. -we obtained an understanding of the legal and regulatory frameworks applicable lo the Charity and the sector in which Ihey operate. We determined that the following laws and regulations were most significant., the Companies Act 2006, the Charities SORP IFRS 1021. Employment regulation and Health and Safely legislation. -we obtained an understanding of how the Company are complying with those legal and regulatory frameworks by making inquiries lo the management. -we assessed the susceptibility of Ihe Charity's financial statements to material misslalemenl, including how fraud might occur. Audit procedures performed by the audit engagement team included.. -Idenlifying and assessing the design effectiveness of controls management has in placè lo prevent and delect fraud. -understanding how those charged with governance considered and addressed the potential for override of conlrols or other inappropriate influence over the financial reporting process. -challenging assvmplions and judgements made by management in its significant accounting esllmales., -Idenlifying and lesling journal entries., in particular any joumal entries posted with unusual account combinations., and -Reviewing material variation from our expectation in the income, expenses and balances. and -Assessing the exlenl of compliance wilh the relevant laws and regulations. There are inherent limitations in the audit procedures described above, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial slalemenls, the less likely we would become aware of it. Also, the risk of not delecling a material mis51alemenl due lo fraud is higher than the risk of not delecling one resulting from error. as fraLJd may involve delibeiale ¢oncea1menl by, for example. forgery or inherent misrepresenialions, or through collusion. 10-
AGE UK TAMESIDE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF AGE UK TAMESIDE A further descriplion of our responsibilities is available on the Financial Reporting Council's websile al.. hllps-.ll www.fr¢.org.uklaudilorsresponsibililies. This desciiplion forms part of our auditor's report. Use ofour report This report is made solely lo the ¢harity's trustees, as a body, in accordance with part 4 of the Chari119s (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charity's Iruslees those Mallers we are required to slate lo them in an audilor's report and for no other purpose. To the fullest extent peTmilled by law, we do not accept or assume responsibility lo anyone other than the charity and the charity's Irustees as a body, for our audit work, for this report, or for the opinions we have formed. Peter Buck FCA, DChA Isenlor Statutory Audltorl for and on behalf of Champlon Accountants LLP Chartered Accountants statutory Avdltor 7-9 Station Road Heskelh Bank Preston Lancashi PR4 6SN Champion Accounlanls LLP is eli9ible for appoinlment as auditor of the charity by virtue of ils eligibility for appoinlmenl as auditor of a company under section 1212 of the Companies Act 2006. 11
AGE UK TAMESIDE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Current financlal year Unrestricted Unrestricted funds funds general designated 2024 2024 RestrS¢ted funds Total Total 2024 2024 2023 Notes Income from: Donations and legacies able activities Age Uk Assisting Older People 47,589 61,829 109.418 115,188 28,223 391,740 21.730 49,953 391,740 33,961 366,301 Other trading aclivilies Investmen15 19,816 6,741 19.816 6.741 14,914 4,681 Total income 494,109 21,730 61,829 577,668 535,045 Expendlture on.. Raising funds Charila le Assisting Older People 38,655 3.110 41.765 34,584 516,234 64.549 66,939 647,702 630,097 Total expenditure 554,889 67,659 66,919 689,467 664.681 Nel gainslllossesl on investments 12 (6911 1691) {2,4621 Net expendlture 161.471) 145.929) {5,0901 1112,4901 {132,098} Transfers between funds 98 11971 99 Net movement In funds 161,3731 {46.1261 14,991) 1112,490} 1132.0981 Reconclllatlon of funds: Fund balances al l April 2023 168,500 831.904 30,698 1.031.102 1.163,200 Fund balances at 31 March 2024 107,127 785,778 25.707 918,612 1,031,102 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing aclivilies. 12-
AGE UK TAMESIDE STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Prlor flnanclal year Unrestricted Unrestricted funds funds general designated 2023 2023 Restrlcted funds Total 2023 2023 Notes Income from-. Donations and legacies 6,472 108,716 115.188 Age Uk Assisting Older People 10,000 357,301 23,961 9,000 33,961 366,301 Other trading activities Invèslmenls 14,914 4,681 14,914 4.681 Total income 393,368 32,961 108.716 535,045 Expendlture on.. Raising funds Assisting Older People 34,584 444.963 34.584 630,097 49,122 136,012 Total èxpendlture 479,547 49,122 136,012 664,681 Net gainslllossesl on investments 12,4621 {2,462) Net income 188,6411 116.1611 {27,2961 1132,0981 Transfers between funds 34,539 {15,5811 118.958) Net movement In funds {54,102) 131.7421 146,2541 1132.0981 Reconciliation of funds: Fund balances at 1 ApTiI 2022 222,602 863.646 76.952 1,163,200 Fund balances at 31 March 2023 168.500 831,904 30,698 1.031,102 13-
AGE UK TAMESIDE BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxed assets Tangible assets Investments 14 15 743,556 39.600 732,962 40,291 783.156 773,253 Current assets Debtors Cash al bank and in hand 37,331 148,292 20,211 272,546 185.623 292,757 Credltors: amounts falllng due within one year 17 150,1671 134,9081 Nel current assets 135.456 257.849 Total assets les5 current Ilabllltles 918.612 1,031,102 Income fLtnds Reslficled funds 19 25.707 30.698 Designated funds". Designated other Designated - Fixed Assets 2.624 783,154 58.651 773.253 21 785,778 107,127 831,904 168,500 General unreslricled funds 892,905 1,000,404 918,612 1,031,102 14
AGE UK TAMESIDE BALANCE SHEET (CONTINUED) AS AT31 MARCH 2024 The company is enlilled lo the exemption from th& audit requirement contained in se¢liDn 477 of the Companies Act 2006. for the year ended 31 March 2024, a51hough an audit has been carried out under section 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and the preparation of financial slalements. The members have not required the company lo obtain an audit Df ils financial slalements under the iequiremenls of the Companies Act 2006, for the year in question in accordan¢e with section 476. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies rggime. The financial slalemenls were approved by the Trustees on Ig-12 _20 Mr Robert Needham Trustee s J Woodward ruste& Company reglstratlon number 07535629 15
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charity informatlon Age UK Tameside is a private company limited by guarantee incorporated in England and Wales. The Tegislered office is 131 Katherine Street, Ashlon-under-Lyne, Greater Manchester, OL6 7AW. 1.1 Accounting conventlon The financial slalemenls have been prepared in accordance with the charity's Igoverning documenll, the Companies Acl 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic Df Ireland" l FRS 102,1 and the Charities SORP 'Accounling and Reporting by Charities.. Stslemenl DI Recommended Practice applicable lo Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 JanL*ary 20191. The ¢harity is a Public B&nefil Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charilies not lo prepare a Slalemenl of Cash Flows. The financial slalemenls are prepared in slerlin9, which is the functional currency of the charity. Monetary amounts in these financial slalemenls are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounling policies adopted are sel out below. 1.2 Going concern At the time of approving the financial slalemenls, the Iruslees hav& a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the trlee$ continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. 1.3 Charitable fun(Is Unreslricled funds are available for use al the discretion of the trustees in furtherance of their charitable objectives. Reslricled funds are subjed to specific conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes to the financial slalemenls. 1.4 Income Income is recognised when the charity is legally enlilled lo it after any performance conditions have been mel, the amounts can be measured reliably. and il is probable Ihal income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral of the amount. Income tax recoverable in relation to donalions received under Gift Aid or deeds of Covenant is recognised al the lime of (he donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is Irealed as a conlingenl asset. 16-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles Icontlnuedl 1.5 Expendlture Expenditure is recognised on¢e there is a legal or conslruclive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in selllemenl. and the amount ol the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each aclivily. Direct costs allribulable lo a single activity are allocated directly lo that aclivily. Shared Costs which contribute lo more than one activity and support costs which are not allribulable lo a single aclivily ale apportioned belween those activit$ on a basis consislenl with the use of resource5. Central staff costs are allocated on the basis of lime spent, and depreciation chaiges are allocated on the portion of the asset's use. 1.6 Tangible flxed assets Tangible fixed assets are initially measured al ¢ost and subsequently measuTed al cost or valuation, nel of depreciation and any impairmenl10sses. DepTeciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Fixture5, Fillings and Computers Moloi vehicles 200A _ 33.3OA reducing balance 250/0 reducing balance The gain or loss arising on the disposal of an asset is deteTmined as the difference belween the sale proceeds and the carrying value of the asset, and is recognised in the slalemenl of financial aclivilies. 1.7 Flxed asset Investments Fixed asset investments are initially measured al transaction price excluding transaction costs, and are subsequently measured al fair value al each reporting dale. Changes in fair value are recognised in nel incomellexpenditure} for the year. Transa¢lion costs are expensed as incurred. 1.8 Impairment of fixed assets Al each reporting end dale, the charity reviews the carrying amounts of ils tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is eslimaled in order to determine the exlenl of the impairment loss (if any). 1.9 Cash and cash eqvlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks, olher Short-lerm liquid investments wilh original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown wllhin borrowings in current liabililles. 1.10 Flnanclal Instruments The charity has elected lo apply the provisions of Section 11 '8asic Financial Instiumenls. and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its financial inslrumenls. Financial instruments are recognised in the charity's balan¢e sheet when the charity becomes party to the conlraclual provisions of the inslrumenl. Financial assets and liabililies are offset, with the nel amounts presented in the financial stalemenls. when Iheie is a legally enforceable right lo sel off the recognised amounts and there is an intention lo sellle on a nel basis or lo realise the asset and settle the liability simultaneously. 17-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢les Icontlnued) Basic financial assets Basic financi81 assets, which include debtors and cash and bank balances, are initially measured al transaction piice including Iransaclion costs and are subsequently Carried al amortised cost using the effective interest method unless the arrangement conslilules a financing Iransaclion, where the transaction is measured al the present value of the future ieceipls discounted al a market rale of interest. Financial assets Classified as receivable within one year are not amortised. Basie flnanclal liabilities Basic financial liabilities. including creditors and bank loans are initially recognised al transaction price unless the arrangement conslilules a financing Iransaclion, where the debt instrument is measured al the present value of the future paymenls discounted at a market rale ol inlerest. Financial liabilities classified as payable within one year are not amortised. Oebl instruments are subsequently carfied al amortised cost, uslng the effective interest rale method. Trade creditors are obligations lo pay for goods or services Ihal have been acquired in the ordinary course ol operations from suppliers. Amounts payable are classified as current liabilities il payment is due within one year OT less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial Ilabllltles Financial liabilities are dere¢ognised when the ¢harily's conlraclual obligations expire or are discharged OT cancelled. 1.11 Employee beneflts The cost of any unused holiday enlillemenl is recognised in the period in which the employee's servlces are received. Termination benefits are recognised immediately as an expense when the charlly is demonstrably committed lo terminate th& employment of an employee or lo provide lerminalion benefits. 1.12 Retlrement benefits Payments lo defined conlfibulion retirement benefit schemes are charged as an expense as they fall tyue. 18-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable actlvltles Ag8 UK Asslstlng oldeT people 2024 Total 2024 AuèUK As515t1g older people 2023 Total 2023 2024 2023 Services provided under contract 49.953 391,740 441,693 33,961 366,301 400,262 Analysls by fund Unrestricted funds- general Unreslricled funds- d&signaled- other 28.223 391,740 419,963 10,000 357,301 367.301 21,730 21.730 23,961 9,000 32.961 49.953 391,740 441,693 33,961 366.301 400,262 other tradlng actlvltles Unrestrlcted Unrestricted funds fL¢nds general gen&ral 2024 2023 Rental income Trading activity income.. other 19,073 743 14.051 863 Other trading activities 19,816 14,914 Income from Investments Unrestrlcted Unrestricted funds funds 2024 2023 Interest receivable 6,741 4.681 -20-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Expenditure on ralslng funds Unrestricted Unrestricted funds fund5 general designated 2024 2024 Total Unrestrlcted Unrestricted funds funds general designated 2023 2023 Total 2024 2023 Trading costs Other trading activities 38,655 3.110 41.765 34,584 34,584 Expendlture on charitable activities Assisting Older People 2024 Assisting Older People 2023 Dlrect costs Staff cosls Premises expenses Office costs Staff training Agency staff Vehicle costs Refurbishmenls 207,714 5.417 30,122 787 14,139 2,614 1,560 280,756 28,100 48,081 475 10.052 3,200 262,353 350,664 Share of support and governance costs (see note 81 Support Governance 376,349 9.000 272,833 6,600 647,702 630.097 Analysls by fund Unreslricled funds - general Unreslricled funds - designated Reslri¢led funds 516,234 e4,549 66,919 444,963 49,122 136,012 S47.702 630,097 21
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support costs allocated to activities 2024 2023 Staff costs Depreciation Premesis expenses Office Costs Professional fees Sundry Refurbishments Governance costs 222,746 12,521 48,786 49,102 30,240 2.336 10.6fj8 9.000 116,670 15,821 46,249 32.054 33.758 2,120 26,161 6,600 385,349 279,433 Analysed between.. Assisting Older People 385,349 279,433 N&t mov8ment In funds 2024 2023 The nel movement in funds is slated after ¢hargingllcredilingl'. Depreciation of owned tangible fixed assets 12,521 15,821 10 Trustees None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charily during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Direct Management and Admin 16 16 Total 21 21 Employment costs 2024 2023 Wages and salaTies Social security costs Other pension costs 397,153 24,102 9,205 349.492 19,561 8,373 430,460 377.426 -22-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 11 EMploy8es (Continued) There were no employees whose annual remuneration was more than £60,000. Remuneratlon of key management personnel The remuneration of key management personnel was as follows.. 2024 2023 Aggregate compensation 92,406 88,402 12 Galns and IossBS on investments Unrestricted Unrestricted funds funds 2024 2023 Gainslllosses) arising on.. Revaluation of investments 16911 12,462) 13 Taxatlon The charily is exempl from laxalion on ils activities because all ils income is applied for charitable purposes. 14 Tanglble flxed assets Freehold land and bulldlngs Fixture5, Fllllngs and Computers Motor vehlcles Total Cost Al 1 April 2023 Additions 1,036,572 8,912 292,267 14,204 39,737 1.368,576 23.116 At 31 March 2024 1,045.484 308,471 39.737 1,391,692 Depreciation and impairment Al 1 April 2023 Depreciation charged in the year 354,086 258,560 8.333 22,969 4,188 635.615 12.521 Al 31 March 2024 354,086 266.893 27,157 648,136 Carrylny amount Al 31 March 2024 691,398 39,578 12.580 743,556 At 31 March 2023 682,487 33,707 16,788 732,962 -23-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Tangible fixed assets Icontlnuedl The carrying value of land included in land and buildings comprises.. 2024 2023 Freehold 100,000 100,000 15 Flxed asset investments Listed investments Cost or valuation At 1 April 2023 Valuation changes 40,291 {691) Al 31 March 2Q24 39,600 Carrying amount Al 31 March 2024 39,600 Al 31 March 2023 40.291 16 Debtors 2024 2023 Amounts falllng due within one year: Trade dÈblors Other debtors Prepayments and accrued income 12,437 2,860 22,034 3,343 930 15,938 37,331 20.211 17 Credltors: amounts falling due within one year 2024 2023 olher12xalion and soclal security Trade credilois Accruals and def&rred income 16.410 24,941 8,816 10.967 16,699 7,242 50,167 34,908 -24-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Retlrement beneflt schemes 2024 2023 DBflnBd contributlon schemes Charge lo profil or loss in respect of defined contribution schemes 9.205 8,373 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an indepen(i&nlly administered fund. 19 Restrlcted funds The reslricled funds of the charity comprise the unexpended balances of donations and grants held on trust stjbjecl lo specific conditions by donors as to how they may be used. At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 2024 30,698 61.829 166.919) 99 25,707 Prevlous year: At 1 April 2022 Incoming Re50ur¢es resources expended Transfers At 31 March 2023 76,952 108,716 {138,D121 (18,9581 30,698 The reslrided funds carried forward consist of.. Big Lollery Fund Gel Up & Go £25,707 25-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Unrestrlcted funds - designated These are unrestricted funds which are material lo the charily's aclivilies. At1 April 2023 Incoming resources Resources expended Transfers Galns and At 31 March loss8s 2024 Designated - Fixed assets Designated- other 773,253 9.901 783.154 58,651 21,730 167.6591 110,0981 2,624 831.904 21,730 167,6591 11971 785,778 Previous year: At 1 Aprll 2022 Incoming resources Resources expended Transfers Galns and At 31 March losses 2023 Designated - fixed assets Designated- olheT 782,445 19,1921 773,253 81.201 32,961 139,9301 115,5811 58,651 863,646 32,961 149,1221 115,5811 831,904 21 Unrestrlcted funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants which are not subject ID specific conditions by donors and 9ranlors as lo how they may be used. These include designated funds which have been sel aside out of unreslricled funds by the tiustees foi specific purposes. At 1 April 2023 Incomlng resources Resources expended Transfers Galns and At 31 March losses 2024 General funds 168.500 494,109 1554.8891 98 {691} 107,127 168,500 494,109 1554.8891 98 {6911 107,127 Prevlous year.. At l April 2022 222,602 Incoming resources Re50ur¢es expended 1479,5471 Transfers Gains and At 31 March 1055es 2023 168,500 General funds 393.368 34,539 12,4621 222,602 393.388 1479,5471 34,539 12.4621 168,500
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Unrestrlct8d funds Icontinuedl The Designated funds- Other relate lo.. Wear-and-lear of internal décor £2,624 22 Analysls of n6t assets between funds Unrestricted Unrestricted flsnds funds general deslgnated 2024 2024 Restrlcted funds Total 2024 2024 At 31 March 2024: Tangible assets Investments Current asselsllli8bililiesl 743,556 39,800 2,622 743,556 39,600 135,456 107,127 25,707 107.127 785.778 25.707 918,612 Unrestricted Unrestricted funds funds gen6ral d8slgnated 2023 2023 Restricted funds Total 2023 2023 At 31 March 2023.. Tangible assets Investments Cuirenl asselsllliabililiesl 732,962 40,291 732.962 40,291 257,849 227,151 30,698 227,151 773.253 30,698 1,031,102 23 Related party transactlons Transactions with related parties Age UK Age UK is the National 'Brand" Partner with whom Age UK Tameside has a Partnership Agreement. Age UK Tameside received Grants totalling £28,223 in the year. This related party transaction was al a normal Commercial rale and agreed independently of the related management concerned. 27-
AGE UK TAMESIDE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 24 Share Capital The Charily is limited by guaranlee and as such has no share capital. In the event of the Charity being wound up. the liabilily of each member is limited to £10. -28-