REGISTERED COMPANY NUMBER: 07531073 (England and Wales) REGISTERED CHARITY NUMBER: 1143453
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR
AGE CONCERN DOVER LIMITED (A COMPANY LIMITED BY GUARANTEE)
McCabe Ford Williams Chartered Accountants Charlton House Dour Strect DOVER Kent CT16 1BL
AGE CONCERN DOVER LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement ofFinancial Activities | 5 | ||
| Balance Sheet | 6 | to | 7 |
| NotestotheFinancialStatements | 8 | to | 17 |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 2019).
OBJECTIVES AND ACTIVITIES Objectives and aims
We operate under the trading name of The Riverside Centre, Dover.
Our aim is to promote the welfare of all people over 50 in Dover and the surrounding area. We do this by providing lunches, transport and a rangeofother activities at the Riverside Day Centre.
We continuc to seck additional finance to support and develop our existing services. In planning our activitics the Trustees keep in mind the Charity Commission's guidance on public benefit, as well as the requirements of the Care Quality Commission.
ACHTEVEMENT AND PERFORMANCE
Age Concern Dover faced a series of financial problems in the year ended 31 March 2023 the most pressing being the lack of regular funding and also the continuing cost of living crisis which increased our costs.
The loss of funding was addressed in numerous ways namely:-
-
Instigating the search for grants from different agencies to support the Centre in the work that it was trying to achieve for its elderly and vulnerable population. This was achieved by obtaining two grants - one from the Kent Community Foundation and the other from the Dover District Community Grant Scheme which in total came to £11,250
-
Renting rooms in the Centre to outside agencies. This was achieved by renting space for Dementia Services and a room for footcare, together with various activity groups for clients. This generated a further £14,000.
-
Providing additional services. This was achieved by providing support to households in Dover via the Household support grant and the provision of dementia services.
-
Increasing the income raised at our Charity shop. This enabled approximately £42,000 to be donated to the Centre for the year. 5. Grants for refurbishment included:-
Morrisons for a new oven £5,068
Screwfix for a new kitchen fan £2,250
- Solar panels were installed to the Centre to reduce our energy costs in the future once our fixed payment contract ended.
These measures allowed the Centre to flourish.
FINANCIAL REVIEW
Financial position
During the year the charitable company made a surplus of £37,996 (2022 - £12,211). At the year end total unrestricted reserves were £316,382 (2022 - £339,218) of which £152,712 (2022 - £193,229) was readily available. At the year end there were also restricted funds of £78,896 (2022 - £18,064).
FUTURE PLANS
The forecast for next year is to break even or post a profit as well as continuing with our refurbishment programme which includes modemising our kitchen.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The company is registered as a charitable company limited by guarantee and is constituted by a Memorandum of Association dated 16 February 2011.
Recruitment and appointment of new trustees
The management of the charitable company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
Page |
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure and decision making
The Trustees delegate the day to day responsibility for the organisation to the Centre Manager.
Risk management
The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charitable company, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 07531073 (England and Wales)
Registered Charity number
1143453
Registered office Riverside Centre Maison Dieu Gardens DOVER Kent CT1L6 IRL
Trustees
Mrs M Pressnell Dr A J Stellon RI Vick Mrs S E Parkin (resigned 26.7.23) S J Brice A Summers (appointed 26.7.23) SEM Clarke (appointed 26.7.23)
Independent Examiner MrID Pascall McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 1BL
Bankers
National Westminster Bank Ple 31 High Street DEAL Kent CT14 6EW
Page 2
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 6 December 2023 and signed on its behalf by:
Dr AJ Stellon - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE CONCERN DOVER LIMITED
Independent examiner's report to the trustees of Age Concern Dover Limited (‘the Company’) I report to the charity trustees on my examination of[the][accounts][of][ the][ Company][for][ the][year][ended][31][March][2023.]
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chanty's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodics.
1 have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
-
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr ID Pascall
McCabe Ford Williams Chartered Accountants Charlton House Dour Street DOVER Kent CT16 IBL
7 December 2023
Page 4
AGE CONCERN DOVER LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME|AND|ENDOWMENTS|FROM|
|Donations|and|legacies|3|60,694|114,919|175,613|156,406|
|Charitable|activities|
|Sales|of meals|84,525|-|84,525|65,877|
|Sales|of snacks|8,420|-|8,420|4,340|
|Transport|2,778|-|2,778|2,267|
|Personal|care|5,016|-|5,016|3,095|
|Cards,|wool|and|miscellaneous|3,190|-|3,190|2,841|
|Dementia|support|-|98,794|98,794|-|
|Other|trading|activities|4|3,868|-|3,868|921|
|Investment income|5|2,259|-|2,259|1,593|
|Total|170,750|213,713|384,463|237,340|
|EXPENDITURE|ON|
|Charitable|activities|6|
|Salcs|of meals|164,033|16,535|180,568|194,679|
|Sales|of snacks|13,595|6,253|19,848|9,732|
|Transport|5,519|-|5,519|4.474|
|Personal|care|5,562|-|5,562|5,494|
|Cards,|wool|and miscellaneous|3,882|861|4,743|$221|
|Houschold|support|-|48,726|48,726|6,635|
|Dementia|support|-|77,304|77,304|-|
|Other|2,016|-|2,016|3,472|
|Total|194,607|149,679|344,286|229,707|
|Net|gains/(losses)|on|investments|(2,181)|-|(2,181)|4,578|
|NET INCOME/(EXPENDITURE)|(26,038)|64,034|37,996|12,211|
|Transfers|between|funds|18|3,202|(3,202)|-|-|
|Net|movement|in|funds|(22,836)|60,832|37,996|12,211|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|339,218|18,064|357,282|345,071|
|TOTAL|FUNDS CARRIED|FORWARD|316,382|78,896|395,278|357,282|
----- End of picture text -----
The notes form part of these financial statements
Page 5
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073)
BALANCE SHEET
31 MARCH 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 12 | 163,670 | 145,989 |
| Investments | 13 | 55,450 | 57,631 |
| 219,120 | 203,620 | ||
| CURRENT ASSETS | |||
| Stocks | 14 | 2,200 | 2,200 |
| Debtors | 15 | 11,281 | 15,305 |
| Cash at bank and in hand | 173,863 | 146,429 | |
| 187,344 | 163,934 | ||
| CREDITORS | |||
| Amounts falling due within one year | 16 | (11,186) | (10,272) |
| NETCURRENTASSETS | 176,158 | 153,662 | |
| TOTAL ASSETS LESS CURRENT | |||
| LIABILITIES | 395,278 | 357,282 | |
| NETASSETS | 395,278 | 357,282 | |
| FUNDS | 18 | ||
| Unrestricted funds | 316,382 | 339,218 | |
| Restricted funds | 78,896 | 18,064 | |
| TOTALFUNDS | 395,278 | 357,282 |
The charitable company is entitled to cxemption from audit under Scction 477 of the Companics Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view ofthe[state][of][ affairs][of][ the][charitable][company][as][at][the][end][of] each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
AGE CONCERN DOVER LIMITED (REGISTERED NUMBER: 07531073)
BALANCE SHEET- continued 31 MARCH 2023
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 6 December 2023 and were signed on its behalf by:
A J Stellon - Trustee
The notes form part of these financial statements
Page 7
-
STATUTORY INFORMATION
-
ACCOUNTING POLICIES
AGE CONCERN DOVER LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
Age Concern Dover Limited is limited by guarantee and registered in England and Wales. The members of the charitable company are the Trustees named in the Report of the Trustees. In the event of the charitable company being wound up, the liability of each member is limited to £1. The charitable company's registered number and registered office address can be found in the Report of the Trustees.
The presentation currency of the financial statements is the Pound Sterling (£).
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charitics SORP (FRS 102) 'Accounting and Reporting by Charitics: 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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The financial statements have been prepared on a going concern basis. There are no maternal uncertainties which cast doubt on the charitable company's ability to continue as a going concer.
Preparation of consolidated financial statements
The financial statements contain information about Age Concern Dover Limited as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Government grants which are revenue based grants are recognised as income over the periods in which the related expenditure is incurred. Grants for the purpose of giving immediate financial support with no related future costs are recognised as income when receivable.
No amounts are included in the financial statements for the services donated by voluntccrs.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off cach asset over its estimated useful life.
Freehold property - 2% on cost Furniture and fixtures - 10% on cost Motor vehicles - 20% on cost Computer equipment - 33% on cost
Page 8
continued...
AGE CONCERN DOVER LIMITED
-
ACCOUNTING POLICIES - continued
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds arc raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of[the][lease.]
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Investments
Fixed asset investments are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the Statement of Financial Activities.
DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Donations - general | 15,033 | 6,189 |
| Donation from Dover Age Concern Limited | 42,761 | 34,213 |
| Legacies | - | 3,750 |
| Grants | 117,819 | 112,254 |
| 175,613 | 156,406 |
During the year the charitable company received various government grants which are included in the above. £NIL (2022 - £8,656) was received from Kent County Council and £84,900 (2022 - £30,949) was received from Dover District Council. These grants included £NIL (2022 - £18,623) to give support as a result of the[COVID-19][pandemic.]
Page 9
continued...
AGE CONCERN DOVER LIMITED
4, OTHER TRADING ACTIVITIES
- INVESTMENT INCOME
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Fundraising events | 2,333 | 771 | |
| Hall hire | 1535 | 150 | |
| 3,868 | 921 | ||
| INVESTMENT INCOME | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Dividends receivable | 1,612 | 1,581 | |
| Deposit account interest | 647 | 12 | |
| 2,259 | 1,593 | ||
| CHARITABLE ACTIVITIES COSTS | |||
| Direct | |||
| Costs (see | Support | ||
| note 7) | costs | Totals | |
| £ | £ | £ | |
| Sales ofmeals | 86,891] | 93,677 | 180,568 |
| Sales ofsnacks | 10,516 | 9,332 | 19,848 |
| Transport | 2,440 | 3,079 | 5,519 |
| Personal care | - | 5,562 | 5,562 |
| Cards, wool and miscellaneous | 1,209 | 3,534 | 4,743 |
| Household support | 15,410 | 33,316 | 48,726 |
| Dementia support | 62,240 | 15,064 | 77,304 |
| 178.706 | 163,564 | 342.270 | |
| DIRECT COSTS OF CHARITABLE ACTIVITIES | |||
| 2023 | 2022 | ||
| £ | £ | ||
| StalT costs | 113,823 | 41,721 | |
| Minibus expenses | 1,308 | 58 | |
| Travel expenses | 9,336 | 5,084 | |
| Purchases and consumables | 54,239 | 33,472 | |
| 178,706 | 80,335 |
6. CHARITABLE ACTIVITIES COSTS
7.
Page 10
continued...
AGE CONCERN DOVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,427 | 6,925 |
| Hire ofplant and machinery | $13 | $12 |
| Independentexaminersfees | 2,016 | 3,472 |
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022,
Trustees' expenses
During the ycar expenses totalling £1,014 (2022 - NIL) were paid to two trustees.
STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Wages and salarics | 198,548 | 127,827 |
| Social security costs | 7,453 | 2,561 |
| Otherpension costs | 2,683 | 1,882 |
| 208,684 | 132,270 |
The average monthly number of employees during the year was as follows:
| 2023 | 2022 | |||
|---|---|---|---|---|
| ; | 16 | 11 | ||
| No employees received emoluments in excess of£60,000. | ||||
| 11, | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME ANDENDOWMENTS FROM | ||||
| Donations and legacics | 104,818 | 51,588 | 156,406 | |
| Charitable activities | ||||
| Sales ofmeals | 65,877 | - | 65,877 | |
| Sales ofsnacks | 4,340 | - | 4340 | |
| Transport | 2,267 | - | 2,267 | |
| Personal care | 3,095 | - | 3,095 | |
| Cards, wool and miscellaneous | 2,841 | - | 2,841 | |
| Othertrading activities | 921 | - | 921 | |
| Investment income | 1,593 | - | 1,593 | |
| Total | 185,752 | 51,588 | 237,340 |
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AGE CONCERN DOVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
| 11. | COMPARATIVES FORTHE STATEMENT OF | COMPARATIVES FORTHE STATEMENT OF | FINANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| £ | £ | £ | ||||
| EXPENDITURE ON | ||||||
| Charitable activities | ||||||
| Sales ofmeals | 165,110 | 29,569 | 194,679 | |||
| Sales ofsnacks | 9,732 | - | 9,732 | |||
| Transport | 4,474 | - | 4474 | |||
| Personal care | 5,494 | - | 5,494 | |||
| Cards, wool and miscellaneous | §,221 | - | 5,221 | |||
| Household support | - | 6,635 | 6,635 | |||
| Other | 3,472 | - | 3,472 | |||
| Total | 193,503 | 36,204 | 229,707 | |||
| Net gains on investments | 4,578 | - | 4,578 | |||
| NETINCOME/(EXPENDITURE) | (3,173) | 15,384 | 12,211 | |||
| RECONCILIATION OF FUNDS | ||||||
| ‘Total funds brought forward | 342,391 | 2,680 | 345,071 | |||
| TOTAL FUNDSCARRIEDFORWARD | 339,218 | 18,064 | 357,282 | |||
| 12. | TANGIBLE FIXED ASSETS | |||||
| Furniture | ||||||
| Freehold | and | Motor | Computer | |||
| property | fixtures | vehicles | equipment | Totals | ||
| £ | £ | £ | £ | £ | ||
| COST | ||||||
| At I April 2022 |
146,263 | 45,872 | - | 11,348 | 203,483 | |
| Additions | 15,095 | 1,503 | 8,500 | 2,010 | 27,108 | |
| At 31 March 2023 | 161,358 | 47,375 | 8,500 | 13,358 | 230,591 | |
| DEPRECIATION | ||||||
| At 1 April 2022 | 14,626 | 31,840 | - | 11,028 | 57,494 | |
| Charge foryear | 3,227 | 3,257 | 2,125 | 818 | 9,427 | |
| At 31 March 2023 | 17,853 | 35,097 | 2,125 | 11,846 | 66,921 | |
| NETBOOK VALUE | ||||||
| At 31 March 2023 | 143,505 | 12,278 | 6,375 | 1,512 | 163,670 | |
| At31March2022 | 131,637 | 14,032 | - | 320 | 145,989 |
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AGE CONCERN DOVER LIMITED
- FIXED ASSET INVESTMENTS
14,
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
| Shares in | ||||
|---|---|---|---|---|
| group undertakings |
Listed investments |
Totals | ||
| £ | £ | £ | ||
| MARKET VALUE | ||||
| At | 1 April 2022 | 2 | 57,629 | $7,631 |
| Revaluations | - | (2,181) | (2,181) | |
| At | 31 March 2023 | 2 | 55,448 | 55,450 |
| NETBOOK VALUE | ||||
| At | 31 March 2023 | 2 | 55,448 | 55,450 |
| At | 31March2022 | 2 | 57,629 | 57,631 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Dover Age Concern Limited (02868332)
Registered office: Riverside Centre, Maison Dieu Gardens, Dover, Kent, CT16 1RL. Nature of business: Retail sale of second hand goods
| Nature of business:business: Retail sale of secondsecond hand | goods | |||
|---|---|---|---|---|
| % | ||||
| Class ofshare: | holding | |||
| Ordinary | 100 | |||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Aggregate capital and reserves | 2 | 2 | ||
| STOCKS | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Stocks | 2,200 | 2,200 | ||
| DEBTORS: AMOUNTS FALLING DUEWITHIN ONE | YEAR | |||
| 2023 | 2022 | |||
| £ | £ | |||
| Trade debtors | 652 | 404 | ||
| Otherdebtors | 7,761 | 11,963 | ||
| Prepayments and accrued income | 2,868 | 2,938 | ||
| 11.281 | 15,305 |
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AGE CONCERN DOVER LIMITED
-
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
-
ANALYSIS OF NET ASSETS BETWEEN FUNDS
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|2023|2022|
|£|£|
|Trade|creditors|4,793|3,389|
|Social|security|and|other|taxes|2,751|1,900|
|Other|creditors|2|395|
|Accruals|and|deferred|income|3,640|4,588|
|11,186|10,272|
|ANALYSIS|OF|NET|ASSETS|BETWEEN|FUNDS|
|2023|2022|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|£|£|£|£|
|Fixed|assets|163,670|-|163,670|145,989|
|Investments|55,450|-|$5,450|57,631|
|Current|assets|108,448|78,896|187,344|163,934|
|Current|liabilities|(11,186)|-|(11,186)|(10,272)|
|316,382|78,896|395,278|357,282|
|MOVEMENT|IN|FUNDS|
|Net|Transfers|
|movement|between|At|
|At|1.4.22|in|funds|funds|31,3.23|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|336,401|(31,721)|11,702|316,382|
|Minibus|fund|2,817|5,683|(8,500)|-|
|339,218|(26,038)|3,202|316,382|
|Restricted|funds|
|Covid|19|Support|Fund|321|(321)|-|-|
|Sundry|Grants|Fund|(800)|7,175|-|6,375|
|Volunteer|Fund|5,178|4,416|-|9,594|
|Household|Support|Fund|13,365|31,274|(1,502)|43,137|
|Dementia|Support|:|21,490|(1,700)|19,790|
|18,064|64,034|(3,202)|78,896|
|TOTAL FUNDS|357,282|37,996|-|395,278|
----- End of picture text -----
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AGE CONCERN DOVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gainsand | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Gencral fund | 164,305 | (193,845) | (2,181) | (31,721) |
| Minibus fund | 6,445 | (762) | - | 5,683 |
| 170,750 | (194,607) | (2,181) | (26,038) | |
| Restricted funds | ||||
| Covid 19 Support Fund | - | (321) | - | (321) |
| Sundry Grants Fund | 15,294 | (8,119) | - | 7,175 |
| Volunteer Fund | 10,375 | (5,959) | - | 4,416 |
| Household Support Fund | 80,000 | (48,726) | - | 31,274 |
| Dementia Support | 98,794 | (77,304) | - | 21,490 |
| Elderly and Isolated | 9,250 | (9,250) | - | - |
| 213,713 | (149,679) | - | 64,034 | |
| TOTALFUNDS | 384,463 | (344,286) | (2,181) | 37,996 |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 342,391 | (5,990) | 336,401 | |
| Minibus fund | - | 2,817 | 2,817 | |
| 342,391 | (3,173) | 339,218 | ||
| Restricted funds | ||||
| Covid 19 Support Fund | 2,680 | (2,359) | 321 | |
| Sundry Grants Fund | - | (800) | (800) | |
| VolunteerFund | - | 5,178 | 5,178 | |
| Household Support Fund | - | 13,365 | 13,365 | |
| 2,680 | 15,384 | 18,064 | ||
| TOTALFUNDS | 345,071 | 12,211 | 357,282 |
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continued...
AGE CONCERN DOVER LIMITED
- MOVEMENT IN FUNDS- continued
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|Gencral|fund|183,477|(194,045)|4,578|(5,990)|
|Minibus|fund|2,275|542|-|2,817|
|185,752|(193,503)|4,578|(3,173)|
|Restricted|funds|
|Meal|Delivery|Service|5,000|(5,000)|-|-|
|Covid|19|Support|Fund|7,956|(10,315)|-|(2,359)|
|Sundry|Grants|Fund|2,932|(3,732)|-|(800)|
|Strategic|Recovery|Fund|4,950|(4,950)|-|-|
|Volunteer|Fund|10,750|(5,572)|-|5,178|
|Household|Support|Fund|20,000|(6,635)|-|13,365|
|51,588|(36,204)|-|15,384|
|TOTAL FUNDS|237,340|(229,707)|4,578|12,211|
----- End of picture text -----
The Household Support Fund represents grants received from Dover District Council to support families and over 50's in food and / or fuel poverty over the winter months.
The Volunteer Fund represents grants received from Age UK Hythe & Lyminge for volunteer related expenses.
The Sundry Grants Fund represents the following grants received:
£5,068 Morrisons for the purchase of a new oven
£2,000 Dover District Council for the refurbishment of the garden
£5,426 Social Enterprise Kent - Kickstart Scheme to fund employment of a young person
£2,250 The Screwfix Foundation for a replacement kitchen fan. The related expenditure was incurred in the prior year. £550 National Lottery grant for a jubilce party
The Elderly and Isolated Fund represents grants received from the Kent Community Foundation to assist with the running of the snack bar and meal delivery service.
The Dementia Support Fund represents funding received to deliver KCC/CCG Post Diagnostic Dementia Services.
Transfers between funds
The transfer represents the purchase of fixed assets which satisfies the restrictions placed on the grants received.
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continued...
AGE CONCERN DOVER LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023
19. RELATED PARTY DISCLOSURES
The Articles of Association of the charitable company's subsidiary, Dover Age Concern Limited, require it to gift all of its profits to the charitable company. The amount reccivable during the year amounted to £42,761 (2022 - £34,213). At the balance sheet date the sum of £7,761 (2022 - £11,963) was owed to the charitable company.
Page 17
This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic form, authentication and manner of delivery under section 1072 of the Companies Act 2006.