Age UK Dorchester Flnancial SLthments for th• Year Ended 30 March 2022 Reference and Adminstrative Details Trustre$ and Dlrectovs Mr N Bundy MrNJHyde Mrs J House Mrs J Matthews Mrs C NaUgh￿n Mrs S Joyce Mr C Keen Chi•f Ex•euliv• and coM￿ty Se¢vet*ry Mr D Th¢xp {Resigned 5th Swember 2022) Mrs T Lew$ (Started 5th September 20221 Prin¢ipal oific• and Roglsl•red Offiu. Units 1&2 5 Crown Sq￿r Poundbury DT1 3EN Charity Trading Ilam• Age UK North. Souih, West t)orset Extemal Examlners Darkii Ml*r Lwniied 24e Deverd Road Charlton Dofchester Do¥sel DT2 9UD B•nk•rs CAF Bank Limited 25 King$ Hill Avenue lfjThp Hi West Malling Kent ME194JQ *ABV47￿. 1310112023 COMPANIES HOUSE A14 #221 Page 1 Age UK D(rthe$ler TN$lee D*e¢lors' Report For the Year Ended 30 March 2022 The Twstees are also the direth￿ for the purFose of company law) are Fleased to present their annual reFrclMst•r has tho foll￿*￿￿ vi¥ion and obp¢tives: North, South and Wesl Dorset is a great Fla￿ lor older peo*. they feel valued and can live *ith dignity and choice. Where all ser¥ice providers and sL￿U10ry ager￿S a￿ seen as helpfijl, suppoitive and cariry. Aim5 To Identrfy. reswnd and asstst okler people in North, South and West Dorset, vkno a￿ in negj by reascfj of ill heallh. disability. financia hardship. social exdusion cr other disaavantsge To build an organi5ation that is influentsal. attractre. val￿1 armj effe¢tsve to ensure we can enab older people to remain independent and enTr)y lrfe . To help older F¢ople be socaally connect8J thro￿ Ihe de¥ekIW￿t Of￿ Organisalion vknich" financtally sustainakAe through the acquisrtion of db¥eTse and ethic* funding strearr To kyomote the b%ellbeing of okler Feople by te¢onyrwJ a strategic partner of the major statutory, non statutory and VCS organisali0￿ affecl ts li¥es of older people in North, South and West D￿Se1 To supp)rt okjer lo Ip4e in their o%*fft hor￿ for as l¢)TrJ as they ￿￿nt aThJ ensurirg thal okjer peoples voKes in North, So(Ah and West DO￿et ￿ VKINKluaty •xl c¢lle(*%*ty heard and responded lo. The charity's legal purpose {rt5 o*ciNe) is to womote the relief of okjer people in any manner vthich deemed by law lo be charitable. at the distteknn of Ouftruslees. We lo identsfy the mst 5unificant Issues vknich have an effe& on older peo￿e'S ￿lIbeIng. and d￿elop vknich ￿ feel best rreet these r*eed$. The reblive po*ws ￿anted to the organisalion by the COn￿lIu￿n to athieve Ihis I￿￿de.. To encourage, ￿Ornote and orgarllse direct semces appropnale to Ihe fte￿ts of irK1NwJual ar•J groups of older pewe". . To join in and Cc￿Operate vthh other charilies. voluntary organ￿￿tIonS and statutory aUlt￿ntieS to achieve the above oty'erAi¥e." To promote and carry out re5earc*. aThJ . To arrange and w0V￿e meeth"rvJs. lethj￿5. fAasses arnj trainry. In order to achieve the eh8rty$ airrs and 0tr4e(aNe4 rt airr6 to be able to ryovpJe the fdiow"ThJ services across our area of benef Welfare benefits". Informatson ar¥J advi￿., . A(fvo¢a¢y arKI Ca$ev￿r . Physical 0￿j enKStional suppyL Wellbwng.. Exercsse.. . Ht)me SuFport . Befriending and xxia1isatic￿. Handy person IT tuth'on., and CoJnitNe Stlmlda￿n Therapy in conjunL#ion with UK { BouMeff￿Lth. Poole aTrJ Easl Dorset I The charity uses a mixiure of quanblabve and qualbtative evaluati¢￿ to assess howthell meet our obJ"ectwes. 11 reviews service tak&up regul*ty. measure 0￿ aThJ undertake qualty monitoring. It 11. ￿ere affordable pracb"¢*bk, ftx￿$ additional resou￿ on areas 7httere it is known that there is need, and it can delNer posibve outcoTh*s for older rthpie. The thanty akn take the deasion to stop setmces ￿ffiere the cLJst outr*ighs Ihe benefft. Ag• UK l>tt¢hestrr Trustee Directors. Rep(xl For the Year ErKled 30 Math 2022 Aim¥ and Obi•ctiv•s for th• Future Having established a new ¥1%(￿. val￿, priorities ar*J apkyoved a strategc pk3n. Estate and Finan Strategies the Tvustees are kJokirvJ to ccmtinue delvlery of the￿ key aims aThJ ot4'ecti¥es. HowEver. as ¥￿th many other tYg￿lsaI￿S the paThJerrK ch￿ged the charthes focus and it moved irrto errErgency response rn￿Je during the first knck¢JyAn. Workirvj in partnership thilh DoTret Council and other partners the charity delivered a highty valwl response Servi￿ for oldeT people aczoss the Council area. The pandern￿ req￿red change5 in 5y5tems, processes. arHI equipment. The charity invested to enable home thi19 al the outset of the pan￿rn￿. and as a result vras able to lake caljs Ihrougl home4MseJ stsff. The lessons leamed during the panderrdc rove infomwd Trustees on new pnorbbes. rth¥ SeTh￿ needs and nwways of vthirg. With parthership w>fknng at the heart of the dHrilies Vision lhe￿ is Conlviued and substsntial focu$ on developing strategi¢ links across Dorset and more *idety. Operational service$ ￿111 ¢ontbnue lo grow through delivery of a new Business Plan whilst Investh￿nt in staff V•il ensure an even higher level of professional service is Sustained deliNTring the best semce possib￿ to older Feople in Dorset o need our he￿. The sale ofourfonner head offtt. R¢)won Ci)ttage. Dorthesterwas Lxryleted on the 24th June 2￿21 aThJ %* purchased a new head office at Units 1 & 2. 5 Crown Square, Pounthury on the 11th January 2022. This is a new. environmentalty fnendty head offKe weThwse$ artd wll enable the staff to *Drk in more modem. ow pbn and adapt*le b￿dffj9 ugny up to date teclrnlruy. The Tfustees will also continue to I￿k10 ￿03den the ¢haiiBs ir￿rre Sour￿ in partiCLdar increase ftJndrai*ng and grant genernled in￿rne. The thafty IMII continue to raise its profile l¢xalty and ill focus on both tradth.onal and new n*thods of conThun¢*iLM). Twstees have direrled the develop￿nt ofa new Peryle Strategy tAthich tAill fvrfher ￿ the tllbeing of leaThts. ACHIEVEMENTS AND PERFORMANCE What dld we dellver during 2021- 202 er 13,000 record8J enqUir￿S to Rec4*on and Information aThJ Athicet&•n Our volunteer t*fri￿tter$ team w0v￿jed over 7.500 houts of t*frieTrairy . Our Beneffts advisots bfoutht in over£1m of benefts for people We allocaled a direct community resporhse to over 2.300 peopje. It is eskn"mated that ¢)ver 70% of these required multiple visits . independent living team took on ¢wer 400 new d￿ts. providing wth a pery)nalsed seNce airned at transfomng th•r Iwes. . The Cognityve StimuLatiw TrraFry proganlrn is ￿ryUnCl1On W￿1 Age UK (Boumeffouth, Poo* and East Dry%et) Page 5 Agfr UK DorC￿ter Trustee Directo￿. Rewl For the Year Erthd 30 Marth 2022 T￿ Alle Proffile ofthose supported: by Age Group April 2021-March 22 450 350 250 150 loo Uryfer50 5fy59 nk79 9￿99 I&A users by location 36% The Trustees reCOgnr￿ the invaluable done by ¢)w slaff and *￿InteerS aemss all the seNi areas. Age UK tthhestrr TNstee Oirec*ors' Report For Year Ended 30 M*1 2022 SeNic• O•¥•lown•nt Prioriti•s 2021. 2022 Relail The charity operaled 3 slys in Dorthe*er. Brityrt and vleYn￿uIh. Afterthe COVKI lockdoN4ns the charty ￿nsIdered the fnances of the shops and found Ihat the redLKlion in foolfall on the High Streets the ino)me had been swJnffjKanty redu￿. Foot¢aro The chanty oper*ed a nuTh*>er of cknKs aL¥055 the Wea T*tsre clients wwld * approxin*ly 6 Y￿ek intervals to have their nails cut. When the charty was abFe to open up again after the Covid ILKkdo￿s a number of locatiL￿s that had previ¢)usty been used for dnics { e9 doctors suwes } did not reopen to the chanty aThJ coukj rK)t therefore open our clinics. The nurr*w of dients after the The Chief Exe¢Ltlive inrtiated a Recovery operkn.on *thich was des$ne(I to ty and irtrease the reta income arKI inrJease Ihe number of fo¢rtca￿ dients. Sadty neithervx)rked and Ihe Board of Twstees had tr> make a decisw regardiry a major restnJ¢Xu of the charty in order to safeguard it for the *Jlure. The Chief Ex￿lrtlve PTc¥luced a detsikd report fly the TnBtees r￿etry held on the 9th March 2022 settiThJ QLrt 0[￿￿1$. The de¢isic*kS of Trustees ere.. 1 To dose all retail operalions as they had been Ma￿.ng bsse$ for n*ny yea 2 To close foOt￿re oPerat￿- ts had a3abn been makirwj k6ses arkl IhvJe no likelitrKwd of an ukrtum in numbers of clienls 3 To close Ctienl Lraison a$ the co￿d no knger be substantiated 4 To re￿ganIZe the SenKJr Management Team Ihe result that there be one less position. The Dorchester shop lease VAS coming to an end so %fdS not rene*ed. The Br*JFKJrt shop vms dosed artd TerrAined so unlil the break pwiod in the lease The Weymulh shop h•J son*b"me left on the lease until it ￿8¢l￿d a break wnt. A decish)n taken to dose the retail aspec* but to use the premEes as a'hub. vtsre a nurTthr of organisatior could utilise the space and share the costs. This 3th￿ed and opened as the wey1Th￿th Infomation Shop in eaty Aprl 2022. As regards foot¢a￿ cl￿$ taken M by exiskn"w forA¢*p staff but wi a pri4Yate capaaty. Cther ¢tients made arran9ements cttwloolrare ￿¥0¥￿lets. The resu* of the restrucbjring that a numberol staff were FY*de redundant after all the offiaal The restructuring deswd tr• sigiyfKanty red￿ the exp￿thbjre forthe tharity tAthilst aL%o recognizing that some inojme *Dukl akn be knst butthatthe exp￿di￿re S￿￿rys exceed the loss in income. Sadty. in hindsight arKI one can a￿VayS be V+ise in hiidsight. rt should have been realized much eartier th* the Re￿Very Operation was not and the restnJcbJfe inits.ated possibly sever* rt￿th$ eadier. This could have saved the charity in excess of £200.000 with the ￿Ult that the operational deficit would not have been as IM9h as it is sho￿. The charty has contir￿￿ to opwate the othw services dekn.led in aims aThJ obpctNes ab(Ne and the Trustees are keen to see these exparKI posgbk. During the year charity was successfil in obtaining a number of grants *pre irstwmental in sustsining the of Ihe tharity. Page 7 Ag• UK DN¢hestsr Trustee Directh. Rep￿1 For the Year Ended 30 March 2022 FINANCIAL REVIEW Financial Position Incoming resourres in the £772,371 (2021: £879.227). Of thi5 £334.189 rd*ed to estn"¢tsd actiwties12021: É413.500). Thwe also an unrealised gain an investrnent of £38,360 {2021.' unrealised gain of £64.$32). The l￿￿al￿e0 g•n and buldirbgs recognised in previous years was realised on the disposal of Rowan Coltage. £678.724 transferred to the Profit and Loss Reserve lin 2021 an unrealtsed gain of £380.470 rewiiserfj. An Opera￿n￿ deficit of £348.449 adNe•ed duriThJ the peiiod12021: surplus of £367,987}. but thi5 i￿ludeS the net unrealised revaluation gains on fixed assets and inve51ments of £38.36012021'. £445.002). This has been funded by a of unrestn.ded and restricted reserves. Al the balanre sheet dale total l¢￿estn.¢1ed reserves *re £752.64212021.' £21X.2661. Restri¢twJ reseNe$ al the balan sheet date *pre £260.071 {2021'. £1.154.896). The ¢harity maintains a cash ba￿n￿ of £284.45812021'. £183.139). aThJ has net ojrrent assets of £247,495 {2021: £195.3071. In addition. the charity ha5 a COIF investment account valued at £368.213 12021.. £329.853). Tot￿ net assets are £1.013.47712021.. £1.361.162). The %ze of the operatM)nal defiot of £348.449 came as a suryBe to the Board of TNstees as the Chief Executsve at the lime had infomwd the Tnstees meethng on the 9th March 2022 that due to the failed Re￿Very Plan and loss of #Kome M Retsil ar￿ Footcare etc the wwled ¢)perats'onal deficbt would be £210,000 . The OTvJinal agreed defrut for the yw 2￿1- 2022 vras £1XJ.LYX) in reccgnth'fm of Ihe r￿￿ to restart many services from a pcorw positTron than prK)r to Ic¢kdv4¥n and to ￿ntinue to address social isolation. The aclual deficit of £348,449 is 190% h￿tsrthan ts sxiginal agreed defKit It reported to the 8oarf of Twstee5 1st June 2022 thal Ihe Organi￿lOn,6 rw in a sound p¢%rtion' and a revis&J 'tolanced' ￿dget for 20￿- 20TJ of £765.LKIO 4fdS presented to them. This h•J been revised from ts ￿l91n￿ budget of £674.OCKI due to an increased ￿n￿nI beiry set aside for pay Ir￿TeaSe5 l*er in the year. the National Insurance wveases. Ihe INing wage In￿eaSe aThJ an increase in travel expenses to 45p per mile. A5 detaikd ab)ve in this rep)rt under'Airrts Otpthes for Ihe Tukne, tr* c*8rity sc*1 rts former head office. Rowan Cottage. Dorrt*sler aThJ wrchased a new f*ad offic* al Unrts 1 & 2. 5 Crown Square. p￿ThdbUry. The￿ ShO￿d be congder*￿e $3¥irvJs ￿ the fulurt due to thè modwn. environmental nature of the ne* head offi￿. The ¢hanty ¢onlinues lo use from a legacy. receNed in 201S116 specificalty to help c4der people are lonely or isolated. The Twstees have risk assessed the fin￿￿101 Iwiion of ts thaiiy arKI consider itlo be Viable and sustaina￿e in the rnedium to long temi. Reserves Policy In 2019 the trustees awjroved a reseNes pc4y. They are mindful of the need to relain Su￿lent reserves to proted the thaity in fijture aTrJ consider that the sale ofthe propeity thryll enable the charity to hold gjfficient un￿Strth Teser¥es. Tr* 2015116 legw enab￿d re5tn.cted reserves lo be held in the charty'$ accijunts. The Tru51ee5 th"re¢ttrJ that the be spent over the rr*dium term17 to 10 yeats or by 2022- 20251 on the speofic area the benefiaary stiwlaled. P*Je 8 Ag• UK Dorchesl•r Trustee DiTector5' Report Forthe Year Ended 30 Marth 2022 Funds In Dofficlt The charity has no funds that ¥e in defKbL Going Cottern The Trustees have no unwtaintEs f>)ncerThrYJ the th*itys at#lty to contThJe as a g)irg concem. PLANS FOR FUTURE PERIODS The tr￿tee$. F4ans Ind￿￿e the continuatson of bro￿ening r￿￿ and serwces across the full extent of its a￿3 of benefit l*luth of thi5 deVekJpn￿rt 15 designed lo be sew-fvnding. SLKh as home support. Some of it. such as reduung isolation, ￿ry01n9 fijnded by the Lartiert legacy. Hov*Ever, reliance on the gacy funding f(￿ thi5 inwortarrt and war¢led ¢harilable funckn wll reduce over the next 3 years. it is therefore planned Ihal other inconx sources leg ￿ants> ￿•11 need to be found in order to continue to enswe the I￿ty ofthis inwtant seN¢e. The Board of Tntstees ha* de¢thd that the d￿lIty wai n¢rt fesun* any retsil orfoot¢are wowsion in the I￿lre. TRUSTEES. RESPONSIBILITES Thg Trustees {vtho are also Direclors of Age UK Doychestsr for the purposes of company law) responsib￿ for preparing the Tnjstees. Rep)rt and ts financial statements in aco)rdance wilh appli¢able1ow3nd United lQry(kni Standads (Unrted lfjng(IDm Generalty Acw*ted Accounting PradicE). C¢Jrnpany law requires the Trustees to Prepa￿ finan¢i4 slatements for each financial year, *thich give a true and lair ¥￿W of the slate of affaits of the chalita￿e conwany and of the incoming resources and application of resources, including the incoffle and expenthture. of the charitabbe company ftt tha penod. In prepaiing these financial statewr*nt5. the Tn15tees required to." 181 selecl appropriale accountirrfj polictes then apply them consstenty. Ibl observe the nthds aThJ prirOes ift the Charities SORP: Icl make judgements and estimates that are reaSCfflab￿ and pwuderrt" Idl slate vthether applieable accounting stsndards have been f￿1¢Y•￿a. sut4ect to any material departures disdosed and eX￿ained in the finantial stalert*nts". and lel prepare the finantsal st3ten*nts on the going c4ncem basis unless tt is wppropriate to wesut that the ¢hailta￿e cryny ￿111 ¢th¥iue in ¢)peration. The T￿Slee3 are al￿ respmsible for keeFing a(kw*e aC￿￿1v4 records disclose reascy)ab￿ a¢curacy at afty time tr* financial posibon of the Chaiitable company and to enable them to ertsure that the financia statements comply with the Ci>mpanies Acts 2006. They are also resp¢)nsible for safeguarding the assets of the chantable coryany arvj herte fortskn"rwJ reasonab￿ steps for the In so faras the Trustees are al￿￿". there is no relevant inf0m￿li0n of vthich the charitable o)mpanYs examiners are Una￿Ore,. and the Trustees have taken all steps th* they 0￿ht to have tsken to make themselves awBre of any relevant it)rrr•ll￿ ￿ to eslablish that the examirws we Wre ofthat inlrKTTHtv￿. The Tn￿ are respJnstrAe forthe Mainten￿ WKI intewity oflhe ¢• and financial infonnatKJn induded on the Charitable ￿mparry'S *et6rte. Le91￿￿'on in the Unrted ￿"r￿jd0rn goveming the preparation and disSenynati￿ of financial staterrwts may drffer beg￿la￿n in other jurisdicti'ons. Page 9 Age UK Dorchester Trustee Directors. Report For the Year Ended 30 March 2022 This report has been prepared in xcwlance vitth AccounbNJ and Reportin9 by Charitvas: Statement of Recommended Practice applicable to charities preparing their accounls in ac(#xdance wth the Financial Rewrting Standard appl￿ble in the UK and Republt of Ireland (FRS 102} (effective 1 January 2015} and in accordance the prows￿$ apF4table to cownies subj.ect to the small companies regime. Apwoved by the board on 5 Odober 2022 and ggned on tr*ir behalf Chairman of Trustees Page 10 Age iIK Dorchester Exiemal Examinerfs Report For the Year Ended 30 March 2022 Indep•ndent mmin•rfa rèport to the trnstees of Ago UK Dor¢hester Lim*gd (*h• C￿￿p￿y'j I report on the chanty tfustees on my examInat￿n ofthe xcc4Jnts cl the Company for the year ended 30 March 2022. Re5ponslbNllles and bagls ot report As the charivs trustees of the Company {and also its directors for the pu￿Ose5 of company law) you are responsible for the prgparabon of the act4)unts in accordano wrth the reqLtirements of the Companies Act 20C6 Ilhe 2006AcV). Having satisf*d myself that Ihe accourts ofthe Crxnpany are rK* wared io be audited under Part 16 of ttte 2006 Act and are eligible for independent examinatton. I report in respecl of my examination of your charitys ac¢ourts as Carried oul ¥Jrtder seclion 145 of the Charities Acl 2011 (Ihe 2011 Act'l. In carrying out my examirtation I have folkywed the Dweclions gr*en by Charity C¢)mmission under section 14515} . (b) of the 2011 Independent exafflin•fs stalement Since the Compan￿$ gross income ex￿eded £250.000 yow examNw must be a membèr of a body listed in se¢lton 145 of Ihe 2011 Act. I that l am quahfied lo undertake the &Yamination because l a member of the Institute of Ch•tefed kcountants in ErKJlarKI and W*, *thtch is one ofthe h'stod b¢¥J￿5. I havo ¢thTrpleted my examination. I confirm that rn matters have CA)me to my attentton in connection with the examfftatton gi%ing me cause lo befieve: 1. accounting r￿rdS ￿re not kept in w of the Cc•npany as required by Secti￿ 386 of the 20[ Act., or 2. the acC￿nts do not with those fecorfs.. or 3. the accounts do rtot compty with the a￿￿￿lI¥j rewirunents of section 396 ofthe 2006 Aet other than any requirement that the accounts gNe a and f*"r *och is not a m*r considered as part of an independent examination., or 4. the accounts ha¥8 not been prepared wi accordan¢e V*ith the mthmls and principtes of the Statement of Recommended Pract￿e for acctyjnting and reporting by dArittes lapplicable to charities preparing their accounts in accordance wtth Financk41 Rep)rtmg Slandard appkable in the UK and Republic of Ireland {FRS 10231. attentK)n should be Ihi5 report in (xderlo enth a proper ￿￿erstar￿ling of the accounts to b& reached. Signed.. Name.. Rosie Darkinthliler LLB {Hons} 8FP FCA Institute ofthe Charte￿0 Accountants in England and Wales 24e Deverel Road. Chadlon D¢y*n, Oorche51er. Dorset DT2 9UD ISli• Address.. Date". 11 Age UK Dothter Slalernenl of lindL*aivJ ¥bJ For IPéYe8r 30 2072 Donaiims and *ga Other tradiThJ xtwrt 16.768 157.491 16.768 157,491 113.499 65,528 735 113.499 65.528 735 174.345 174.345 179.762 179.762 choritab￿ aL*vit*8'. Income from seNK*s Grants and conlrac15 203.522 ,257 11.174 143,242 142,723 143,242 436,397 119.826 43,242 323,015 11.174 293,674 119.826 Ex￿pIl￿OI item". Recovery of htsttyK VAT 17.073 17.OTJ 43B 182 879 227 Exp•ndityr• w: Ra￿1ftg knnds Chardable aLlwtr5 2.266 296.850 185.191 67.891 275.946 586.384 862.330 224,362 4n.79B 253. 703.160 510D) 5886yJ 11591KI 409553 546fj89 G•insl(S)ssesl on revdluatbjn fr4&J assets Unreal￿ed gaIn￿l05$esI on fftveskner 3W.470 64.532 380.470 64.532 10 3&,￿ 3B. N•tInw￿{•xP￿d￿￿oI 56 174 311813 367987 6rn.n4 (W8.7241 Rttonclllthn offw T¢tJ Furtd$ bfoughl foNArd .26S I.154.￿ 1.%1.IV2 19).0¥2 843,CQ3 993.175 713 206286 11S4896 1361182 PaJ• 12 BalaTh2 Sheet ** 2021 FIX￿ a8s•ts Tangbk assets Imie$tment$ 10 Totsl fix•d assets DebtOf3 and prepayiwts Cash at aThl in 113.t155 64.139 183.139 Totsl a#Bots 397.513 247,278 Liabilltles 12 I1￿.018) {51.971) 247.495 195.307 Total ass•ts Ims ¢yrYtyrt liabilitss 1361 162 Th•funds of the ¢1 General fvjnds Designaled fiJThl$ 13 13 702.642 ' 156,266 752.642 Fixed asset funds Restricl•d fund5 13 13 678.724 476.1n 250.071 Total charlty fwYl• 101271 1361162 For the fina￿la] year in west&)n the owwas erniiled to exemW 47T ofthe C(wanies Ad 2016 rdating to small effiiwie5. sedion 476 ofthe Companies Act 2(￿. Th&se accounts have been prepared In atr(thce wilh Ihe SXWSiLTh app￿at* to cOMpw￿ %*ieca to Ihe small ' Nif*L P Sv5AN Jbyc 13 Age UK Dortlwsler Statement of Cash Flo For the Yew Ended 30 March 2022 2022 2021 Cash Ilow from Opefallng activilies Net movement in lunds for the period" {348,449) 367.987 Adjuslmenls to cash I1(y￿S from r￿rrfa$h ttem$ Dep￿latIOn and amortisat*)n Unrealised gan on investment Unrealised gain on woperty Finance income 4.248 {38.360) 5.125 (64,5321 (380,470) {735) (86> (382,64n 172,625) Working ca￿tal a￿U¥1mertts De¢reasey lin¢rease) in debtors Increasel {de¢rease) in uedrtors (48.916) 96,047 18.822 31,710 Net cash used in qjeratng aclibry (333.516) {22.093) Cash flows from investing activltl•s Interest from investments Purchase of investrnents 735 Net cash wovided by in¥esknJ actvil 735 Capital ex￿ndIt￿r0 Payment to acqui￿ tsngthle fixed assets Receipts from the sale of tangible fixed assets 1393,251) 828.000 (10.6151 Change in cash equivalents li the pemd 101.319 (31,9731 Cash and cash equivalents at the begnning of the period 183.139 215.112 C•sh •nd cash ￿￿1¥alents at the end of th• ￿lIOd 284 458 183139 14 Ay UK Oorchester Note5 to FInar￿￿￿1 Statemthits Ftsrt￿ Yt8r Endal Xl Marth 2022 1 A¢¢ounling Pollcles 1.1 General infonn￿lOn and ba¥18 01 a¢¢ounWTrB A98 UK C¥ychester is a comF4ny Ivnit•J ty guarwfye inc(¥w4bJ ui the Un*ed ￿r￿at￿n cowry8n￿5 Act. The rnaximvm I￿lIlty ofexh 15 li￿t￿￿ to £1. The •*Jre55 ofthe reg￿tered offic8 is gNen on p•3e 1. The natty• of lh• thanty's opwabryBarnl its priYH*l aclwths ar• s•t£yJt Tr*knaè8s r•￿rtan pagè$2- 10. The finanoal sts¢ements teen Ple￿r0d In £ sterfwg on the hL%tuica cc6t b3515, ¥Ath the except￿ of Land and Buildings (which We￿ ￿ValU?1 in 20191201 ￿c￿daD￿ ￿th A￿aUntIng and Rep)rtiThJ by Chari*Ès.' Statement of Recjjrnrnended Practi￿ to thartyes preparirvj th•raccounts ￿ accJlar catwrkx of irKorne. DonabM inc¥Th is by 9rfts aNJ 15 inL*wJed fft full Statwnent of FI￿noW1A[1w￿.es when receivat4e. For le9aces. ents11￿ent ts tsken as ts earf*r of the date on either. the chanty ts aw¥e that probate has been granted, th8 estste has been f￿al￿d nobfKakn has been made by the exeDJtcrflsl to Ihe Trust that 8 di$trthth 11 Le rnade. orwhertr a distribu￿n is r￿e1¥e￿ frcffi the eslale Recs'pt of Wy. in whole or in part. ￿ or sd8r8d Pro￿t4e vthen the arTKSUrt can bg measured rohabty and th8rity Iws boen nOti￿d ofthe exeojtofs intention to make a d￿l￿tArt￿)n. Where *c*es been Th)tified to the charty or the chanty is ￿31￿ of the granting cl probats. Ihe ryilerio fw inwre tew3Thiion hab* nol W me( I￿le9￿Y is IreateJktèJ as the d*Yererts tsets￿n the woc8ed5 and c05t un￿alL￿ed gain$ and ktsses a￿ rak>Jl*d as th¢ *JIffwer￿ tetswn Its marketvalte a11he yeai end and oper*rvJ martet valu8 or purchase ¢J*e rf l*er. as aJju5bJ for Un￿￿Se￿ 9airts fx kJss6s in kYWDUS whth have been 81ininated on di5ptisal. Rèaksed we not sep•r•bJ Statwwt ol Fiwrial Activ*'es. INv•sbn8rts il gJby(l•ry are stated at cost. 1.8 Oebtorn A¢uu&J irwn• ts Ind￿*d at the amowl to the thwity at th? slwt dai 1.9 ¢a$h at and in hand Cash at t•nk and in har#1 i￿1￿￿eS cash and sI￿rt to￿ hty3hty Ibi￿1 wmslments that we re•Jty corwertibK8 lo a known anK*unt ol cash ¥KJ we $￿i￿t kn an in v*u8. 1.10 Creditoi¥ Credrtors and pro¥tsions are recc•JnisèJ ￿￿Te the charty has a present resulling from a past event that will wobaW fesun in the tr￿ster of to a third paty and the lo settle the obfuatrtn ran be measured or 1.11 P•nsion5 The chanty operates a defined c1mtllbut￿n sdvne forthe tst￿rrt of its empbJpe5. Tr ¥then￿ rts assets are hekl by ir*Jependent rnarwr5 Conlritxrtions are reccgnised in th8 state￿nt of F￿anC￿￿1 ALtiYitBs in thg pèrA)d *) *hKh IW parable in •c¢Wd￿w4h ofthe The charlty is abo part ol a M￿￿erro￿ dgfiwl berwfrt per￿n sthwn•. th• assets aNI Iral)ilrf*s ofwhth are not separately kny pa>Th•nts arn Staknrt OfF¥￿￿181A¢1￿th5 in Il* ￿n0d in wl>th they 16 Ag• UK Dovchestrr Notes to the Financial Statwnents For Ihe Year Ended 30 March 2022 1.12 Taxalion The company 15 a rn9¢tw•J and 0 IP*ef￿e nrl Imtleto l*Xto exlent Ihat ils ir￿[￿& gains are aFpb¢able to thartabk purposes t￿ty. val￿ •SJed tsx was not Teo)¥erable by Ihe company aTrJ is thereforB In¢￿ded in th& rekvant Djsts in the Statwneni of Finanii*Actvrt*s. At Ihe start ofthe a)21.2￿￿ f￿ar￿al year, the Charty registered for * put in a retrospectwe darn in relathx to Value Pthed Tax. wh￿tt dal•J b*k to 2015116 financKal year. Thi5 was sho*n as an 8xcepknnal of wlcomtr •i tre Stathent of FI￿1￿?•1 Aelwil*s. 1.13 Fund accountlng rpose and are as 9enwal fuTrts. RestrKted fur*Js arv to bè used for speof¢ puryoses as *pJ by LI(*￿¥. EynL1rture rrwts ￿terion is chargtsj to the lthj. togeiherwilh a far of mawnwt ar￿ SUFPYt 03sts as aFPTowate. 2 Donations and legacies Tqstri¢tsd Funds Fund 2022 T¢strkled Fund• F¥nd Fund$ 2021 Donations aTrJ 9rfts Legaaes 16.153 615 16.153 615 113.4 113.499 16 768 1134¥a 3 Other tradirtg activltles R••trict•d Total Fund• Fund 22 R•8trict8d Total Funds 2021 tri¢tsd Saks ofdonaw gwds etc. Commissions Distrbutron trorn joint verts• Fundra$ing adiwt*$ Letting income Mi5ollarwus 146.588 146,588 ,899 9.477 62B 9.477 7.589 157.491 157.491 65.528 4 Expenditure on raising funds R•stricted Total Fund Funds 2021 rq#triclDd Fund Fund8 2022 Fund• Trathng c( 2.266 296.850 185.191 67.891 253.082 2.￿ 296.8XI 253.082 17 Age UK tlovchestsr Notss to the Finanual Stattynents Ff* th& Year Ended 30 Ma￿h 2￿22 S Expenditure on charltsble activlties lriclod Funds Fund 2022 rrttrictsd Funds Fund Fundg 2021 Managernent Cowd. 19 Personal an4 ¢Jay ca Infomiation. ad¥th and Fundtaising Soaal Well b•NJ Nail cuttiThJ prq¢4 Get Up and Go IT Skills Prison Befrienthrvj 172,789 34.673 7,462 3.Ot7 8.814 33.IfJ7 19.orJ 11.585 3.861 29,699 43.e64 15,178 12.467 28.150 52.340 224 11.831 52,C60 15.446 73,363 27,645 80.490 54.&57 21,389 63.616 118.473 210 21.599 68.399 68.399 17.015 17.015 .243 .243 744 19.773 21.117 19.773 21.117 1.4 194.358 10.531 10,531 16.403 9.534 175,459 785 .139 9.$34 78.(VJ3 224 1,499 H¢yre Support Melod¢s for memories Househok1 Supwt Grant HandY￿rsOn Cognrtwe Svpp¢)rt Thernpy Maintenanc• C¢)Jriiwe SuFPOrt Therapy 194,358 97.366 5S1 2.474 6.272 13.829 16.>)3 6.334 1.378 15.*7 9J.378 15. 14.302 14.302 5.124 5.124 1.300 A¢c4)untarKyand aLvJit 478 796 . Covhl 19 5UPPCrt ojsts wer8 al￿ated across the reknanl cost centres in both fi￿rIal Governrnentlurtowjh 5UFPWt 15 aLs0 sh¢Jwn as akr*ed KrD55 ts oJ5t in this nL*e. 6 Net lexp¢nditurelfin¢om¢ for the period This is slated after thargiTrJ.' 2022 2021 Oepreckqtio AccLJuntsnw cNgrges lTrJependent ¢wInat￿ le￿1 Audit services 4.248 5,124 400 1.865 7 Trustee dlrecto NO￿ ofthe truste8 th"r*dors (tx any persor6 ¥tth Ir￿mI [8C￿*1 arry ￿mU￿rat￿￿ dwiryJ the Ferbxl 12021." non•l and none wer• r*ll￿t￿r5ed trab*4iry eyin5es in thw'r ro￿ a5 trustse512021." none). 18 A9• UK D¢r¢h•st*¥ Notes to Ihe Finanoal Statemtnts Forthe Year Ended 30 ma￿ 2022 8 Employees and employment costs 2022 2021 Wages and sa&re$ Soaal seDJTrty Costs Pensb)n ¢>)sts &34.357 713.861 45,338 35,404 26.910 24,743 6 605 774 008 The ¢haiity operates a ￿fined wrfftibulbjn ￿￿)n scheme. The ¢harye forthe F*ri)d represents contribLrtions payabk by the Chkn to the sdw a￿1 arrthmt•J to £26.91012021.. £24,7r81. contr￿ul￿ totAUiNJ £4.10912021.. £5,027) wer• pardt48 trjthe at ts eNJ ol th? period and ¥e in crBditor5. No iTrlDiidual empt*￿e was p*J o¥er £60.IKI)12021". wel. The key management personnel of the charty is corts•J8rèd 10 te thè Chef Execubvè Off¢er. The tcrtal ¢c6ts to t charity ofernF4tye• for tl* kerf manag*menl Fersonr*l *we £53.Bt112021.. £52.8231. The average montNy he8￿￿nI Inwnber rAslaff W￿)*3}d￿m¥J was: 2022 2021 All staff 87 9 Tangible fix•d ass•ts Cornw Totsl Leasehold Fillings and Equiprnent 2022 Land and Vehicles Cost As at 30 Marth 2021 Additx)n5 Iha year Unrealsed on revaluatb)n Eliminated on dk%posal As at 30 Marth 2022 10.615 0 882.844 10.CN 393.251 381.127 12.124 1872.2291 0 1872.2291 10.OS4 403.866 10.61$ 381.127 12,124 Dep￿Ciation As at 30 Marth 2ff21 Chwge foT Eliminated on thspos As at 30 MaTth 2022 46,883 4,248 144.2291 6,902 1.212 10,C64 144.2291 1.212 10.054 N•t Book Val As al 30 Marth 21522 5.307 380.745 10.912 396,964 As al 30 Marth 2(Y21 82B.O(K) 7.961 835.961 19 Age UK Oorchestèr Notes to the Financkil Stat￿￿rts Forih• Ye¥ Ended >)Math 2022 10 Inveslments 20 2021 Ag• cOn￿M in fxxset L*nrted Age UK Dorset Entwwses LwThted COIF lnvestsnentA¢￿Lrt ,213 329,853 368 254 Th? clithy owrts 40 slores of £1 eth represenb.rg 4LPA isyjed shaTr t•tal Mi a i¢¥nt 4*rrturÈ t*mpany. Age Concem in DO￿8t Limrted Ir8gi51ergJ fA40257 in ENJkThJ aThJ Wabsl. The joint ventwe company was established in eon1unLli￿ wrth Age BwnwNuth arKI Age Norfh tk¥set lo pThid8 servKe5 across ¢n 1 Oclober 2011. JI servicas provided by Conc•m in Dowi Lvnrted have now althcwgh the ¢tynpany retan5 suffic*nt fL#)ds to en8b* the repaymenl ol al the share oryinalty sub5¢￿ in frjl. The charty owns 1 share of £1, rewesenimg cl the eariial in a prrt ¥trdufe ¢4)mpaTry. Age UK Dorset Enterprises Limrte(I Iwtstsred rMrnteT ICQ54906 in England Wathl. TheiThnt Ventu￿ company was estsbWie(I In ￿1}unC$M￿ wrth Ag8 UK Lwnknd to pThh1• s•r¥tss ar*￿9 Dors￿ for owyer peoth. Age UK thy5et Entwses Lrnrted math nodi5trilwlx￿￿ of to UK C*ythÈster iimrted aThY Age UK Boumemoulh Limrted uTrJer the gfft sckn*12021". no pr￿ wwp di%lrlyJtedl. See riote 3 ttsr fvrther d*tals. Ag? UK t)orset Enterprises Iwhth bewne domwnt at the end ofthe 2019f20financpl year) reccffimen¢Jed tradir#J in the year. deli¥erirvJ Servi￿ in relation to CrAJrMb¥e SurmrtTh8fdPy. The fin￿al 5taternènts for that o)mpany hove not yet l>een prepwed. but the ccfflpary exFeded to break e¥en, with nD th"striburab￿ profft. There were In 2018119 thacharty bought 1592.41 L•*ls of a COIF Chanl*s 1ft￿￿ent FLmd. The dsdr*ures of historical cost and market Val￿ are ncied 2022 2021 As at 30103r21 Addittons Net Unw1￿ Ilow$Vgain$ Morkel val￿ at 3￿3122 329.854 265,322 Histori¢al Cost a$ at 3CV03r22 H6tOri¢o1 Cost 0$ at 3¢Y0￿1 250,000 Investments at Market C£￿￿9ed. UK ProFety FWKI 329 854 Thg Tru* hekl the rn*1￿ {tyv oftr* v4kn}.' COIF Charitvds Pfoperty FuTrJ 368 214 Investsmwrt Val￿$ ar• *ated w)t•￿t 11 Debtors 2022 2021 SuThJry del)tors Prepaymerts VAT 50,166 13,973 14,931 13,164 Ap UK tlovchestsr Noks to the FInar￿￿￿1 Ststmnts For Yew End•J Ma￿h 2022 12 Creditors: Amounts falling due one year 2022 2021 Trad8 cr￿it￿5 4,109 10,342 135,121 5,115 11.008 .848 Tax and soaal Se￿Ilty 150.018 51.971 13 Statement of fvnds sat Inc¢¥M Expen Trnnsfer ol Gains and A8 at valu*ion 1088e8 30mW22 surplus on disp¢>8•1 30103121 Unre8kncted lundB Gener31 lunds 156.2 4W182 1570.5301 678.724 702,642 Desl9nated fvnd8 b 8uildin9 resèrva 50,0 Totsb unre•tri¢ted lunds 266 438 182 678 724 e Flxed •Met funds 678 724 Restricted funds d Informat￿)n and advice inckhling wetsre tenefits. wami homes 19.CQ9 44,607 IS3.6161 e Government grant- f Co9nitNe Stimulation Therapy g Mainterta￿t of C(w StIn￿Le￿In Therapy h Management i Prison j Belriendirg k W¥ll bw.rvj l Le9aey 11,174 111.1741 149,8881 (15.￿7) 19,074 3,107 34.673 134.6731 119,5811 121.1171 116.6491 1317,1261 7,874 26.562 22,450 38,360 177,732 47.679 456.498 T*)tsl r•strt¢tsd fun 476 172 29S 530 549 YJ1 Total fund• 1 361 162 1 120 521 36360 1012 713 b The build￿9 resw¥e has been put ashle for th required ￿ the bulhJu￿. c The r￿ed a55et fund or revaluat￿ reserve was a tethnical reseThe to r811** the Unrea￿ed revaluation 9aM on Ihe pro￿lty folknwmg Ihe sak agreed on 24rt)Y21. K8 a techn￿￿ rese￿. Ihe fu￿1$ we available for e￿enditU￿. On ¢Jisposal in 2021122. the revavation surpkjs was transferred to relained 8amings. ij The InfomatN)n and a¢fvte reserve ¢o%ers granls to the of infOmaty￿ and advice, includiThJ wam) Ho￿5 fundiry Iwlwth carne from Eon aFpk8S toschwrt•s to ￿tift9 ar￿ insulalion and ar￿￿$ to benefrts entitements chethsl. • The GoverrThnt GMtfurtj￿h fwthwere aFWvJ aga¥￿1 ewditure on staff saari85 duriThJ th? year. l The NHS has provthd want hJr*Jry toswyAt the of dasses Iwhth assist vrarding off dernenlial. g Age UK has pfovKJed grant futhdthg to $Lty￿t Ihe (Ytyision ofMartenar￿ ctrJfirti￿ stimuLatth therapy. h Various fuTrJmg Pro¥￿ed 9rants to SW>F•)rt man*3ement arkl IT costs reLqted to fv rurrir9 of fronline 21 A9e in( Oor¢hesfer Notes to the Financial Statements For thg Y8aT EwwJ•d xi Marth 2022 i Age UK piow(le(l a grwtto enab￿ Ihe PT0vfy￿ of support to obJeT P&)ple in wisorts. Tr•s cD4ers prov#ling infomation, advice aThJ atht*s. ar#1 help5 Wrth yeparir9 to le￿ the prtson. The ¢￿trac1 is fty 2 years an commèndad A￿￿51 2020. j Various 9rants hav• l)een provithd to SW)KKMttr* of a bofr*diwJ serw. to h* r￿lUc* kJnefir&ss aTh) S￿la1 isolats'on. k Various grants ha¥e b•tn provpjed to supwl tt* wov¢t¢ffi of a *ete"ry servi￿. whith hdF6 to r•JLTh lornlin85S and social is0￿￿on. l The fvnd wi5•s a Wy pro¥vJ¥J by Ihèestsle ofltr iho use ol I0￿￿eSS aThl is0￿￿.0￿. 14 Anaty818 of net assets bet¥%wn funds Unro8t- Re8t4iclod Tolal Fund• Unrest- FUJKI 2022 vteted Funds Restrfictsd Total Fvnd Funds 20 Fund¥ Fixed assets Curyent 8S8ets Creditors due witt￿n OF￿ year 505.147 397.513 1150.0181 260.071 765.21B 397.513 1150.0181 589.150 247.278 151.9711 576,7Ci$ 1.165.855 247,278 151,9711 1 012 713 576 705 1361 162 15 Finan¢ial commllments As at 30 Marc* 21r22 the thwitywa5 ccmmiied to m*irq the fo*xir¥J paymnts l•as¢s". 2022 2021 Land and buildin9& Expirlng 2- 5 Other. Expwing 2- 5 y8ars a0.￿0 4,513 1,789 4.513 81.789 A5 at 30 March 2022 th• tharity was ¢LVTmlted to makir¥J Ihe folk7•n"rvJ p•m•ts urthr ¢¢￿tra￿S for seNK8 charges.. L¥nd and building•: Expwing 2- 5 yogrs 16 Related party transactlons The charQ¥ undwiook no tr8nsaLIiLTh with ts stynl ¥•nlurn conp•iy. Concem in tk*r8at Linrted. During the pwiod Age UK DO￿hester re￿￿￿1 Erril in fees or recha￿ amtyJnts12021". £Thbl A9e Corrmn in t>￿￿81 Limrted. The chanty uThyert￿* no *rylh its jthrt bwbJre rjymparry. P4e IM Dorset Ente￿tse5 Limited (AUKDELI. Durin9 the year no management fees LY r8charyed amLyJnts were rec*vab* fr&i) AUKOEL12021.. £nill. Enil was outstandng at the ￿ar end12021.. £nill. [￿￿[￿j yearAUKDEL ￿ £Thl salary c4sts on 1)tha¥Of￿ UK Cwthester ￿"Mrted {2021". tniD. £nil was outstanding al the >*ar end12021." £nill. No profrts We￿ d￿uled bac* toAgÈ UK Ct*thestw Lonited12021.. £￿. £nli wa5 ryJtslanthryJ al JEar8TrJ12021.. Al #* ￿al the a￿Urt duefrryn AUKDEL was £ritl12021". £riD. A9e UK Dor¢h•Jtrr Not85 lo the F￿￿K•a1 Slatements Forthe Ye¥ End￿ ￿ Ma￿h 2022 17 Company limited by guarants• Th8 charity was irK¢rwr*ed as a c4)mpany Ivnitgj by guarantee ha5 no 9fva￿ captsl. The guaraniee to the ccmpany i8 £1 Ir￿mber OD the wThJir¥J ￿ of IPe cthN)any. 18 Pension and simllar obllgatlons Th? chanty paritsptss in a TPT RO1￿mert sokA￿n5- Th8 Gro*1h Plan scl*m8, a rnufo"*mployer%*eme wh￿￿ prowdes beThyffts ￿ some 1.3LX) n￿-aSS(￿*ted empbyers. The a defmed tenefrt thme #i the UK. It 15 not Possible for ihe tharty to oblain suffwt Informat￿ to ¢Trab￿ it to acojurrt lor the stheme as a fined benefft 8ch8m•. T￿￿tLy¥ rt xcounts sdw• as a d•fn•J sch•Y*. The s(*￿)e is sut¥'edto th8furnliY¥J leg"slatson 0￿1￿1 in Ihe 2Crf)4 whKh Ca￿ nto forte Oec8mb8T 2005. Ths. toyether wth tknmerts iSs￿d by ￿ Pens•Jns ReguL4toT ard Tthical knarial StandBrd5 issu&J by the Finanial RepOrtW￿ Councl. set crtrt thefrWne￿rk for f￿1r￿J deknj t¢nefft ￿¢¥pab0ThaI pension sthtyn•s in the UK Th8 scheme is ¢Lgssir￿d as a'L7st-man stand1￿ arraTrJemerf. There￿ ￿ charty habte for crther part￿PatIr9 employers. ob￿ga￿"¢￿ts rf ￿$¢ empfoyws a￿ unabk to rneet their sharn ofthg Sche￿ def￿11 followAng Tmthdrawal from Ihe $(the. Particpatry empbprs are rLyuirèJ to n*et ther $hafÈ ofthe SCh￿e defrt on an annuty purchose basis cffj ￿t￿Y￿waItr(ffi tt* scP*ne. A full actuar￿1 valu8t*Jn ts the scheme wd5 ojt at 30 Septemter 2014. This valuaixln shcthed assels of £793m. liabilities 01 £971)n and a thfKJl d£77Tm. To dvminate this fvnd¥g sh¢rtl. Ihe Trustee asked Ihe partupatiTYJ 8MpIo￿ts kn pay aadit￿)nal controulions to the sthm from 1 ￿￿12016 to 30 S8Ptwnber 2￿25 of £12,945,440 per annum monthty and mr3￿1r9 ty 3% exh ￿ 1st Aw"Il. Irun 1 April 2016 to 30 September 2028 of £54.560 per annum Ipayatsle morfity in¢reasty by 3% eath on 1st April). Unbss a CO￿$*0￿ has agr8ed tr• Trttst8• t•rm to 30 S•pteffber 2025 8ppIios. Series 1 Serie8 2 Sch8Th￿ f￿1*185. Where tts scheN* i8 in defKrt and Ihe Ixymwy has W to a thfot lutsJir8 wr•wnefit the recognise5 a Irdknlrty for thrs ci)ligab"on. The ￿0Urtt rec(snwd is the npl present Val￿ of the defic4t reduclion contributions payabkn under a9rewnent th* relates to Ihe Ilefrt ThB p￿Sent valL* 15 calcukted usiny thB discount rate dètsled in th•5e disdc6m. unwiidiThJ oftt* dwjunt rnte 15 rwii50d as a cost. The ¢haity ha$ ￿¢eNed aj¥￿ that trere w&% • est&)wled debt d £7.W(2￿J." £10.W281 on Ihe withjrawal liabilty in resFett cl the scheme at 30 septemb￿ 2021. As Jw)ted abJ4*, the *Jual liat4ty onty te kK•*n rf the thgrity wthjraws frcqn the SChe[r￿ and this h•J not ocoJrr*J at the d* 0fth￿ rwl