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2023-03-31-accounts

Directors Report & Consolidated Financial Statements For the year ended 31st March 2023

Registered charity no 1143809 Registered company no 7728630

AGE UK BLACKBURN WITH DARWEN

CONTENTS

Pages
Directors' Report 1 ‐ 10
Independent Auditors' Report 11‐17
Statement of Financial Activities 18
(including income and expenditure account)
Charity Balance Sheet 19
Statement of Cash Flows 20
Notes 21‐41
Appendix 42‐43

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

______________ The Directors, who are also Trustees of the Charity, present their report and financial statements for the year ended 31 March 2023.

The principal activity of Age UK Blackburn with Darwen is the promotion of the wellbeing of older people in any manner which is now or hereafter may be deemed charitable by law, in and around the Borough of Blackburn with Darwen

The principal activity of Age UK Blackburn with Darwen Trading Ltd was the earning of commission from arranging insurance. The company is currently dormant.

2022/23 was another busy and challenging year for the organisation, which saw us continue to respond to the long term impact of Covid on older people and increase our support for people experiencing cost of living challenges, whilst maintaining our core service offer. We have continued to develop new offers in response to what older people have told us, and secured funding to develop a brand new dementia Wayfinder Service which launched in May 2023. We have also continued to explore how digital technology can support us to deliver services and make best use of our resources, whilst still retaining that all important face to face and person-centred approach we know so many older people need and appreciate. Financially we have felt the impact of both increased costs and uncertainty around some income sources impacting on our ability to raise funds to cover all of our core running costs. In particular our staff, energy and service supply costs all increased significantly during the year, and this along with reduced income from donations and fundraising affected by the cost of living challenges combined to result in a deficit position at year end. However, we have been fortunate to successfully secure additional grant income, from a range of local and national funders, which has enabled us to continue to develop our service offer. We are grateful to these funders and to our local commissioners for their support.

FINANCIAL REVIEW

In the year to 31 March 2023 the Charity reported a deficit of £51,841 from an income of £1,022,699. This was made up of a surplus of £108 on restricted funds (funds which are to be used for specified purposes as laid down by the donor/funder) and a deficit of £51,949 on unrestricted funds (income received or generated and available for general use). The deficit on unrestricted funds is made up primarily of undesignated funds which have been used to support our unfunded core costs.

The appendices on pages 39 and 40 also show the Charity’s income and expenditure for the 2022/2023 financial year together with the 2021/2022 comparative figures. Whilst these appendices do not form part of the accounts the Trustees feel that the inclusion of this information provides readers with a clearer financial picture.

55% of the organisation’s annual income came from contract income through service contracts with Blackburn with Darwen Borough Council and national Age UK through the Warm Homes programme. This is a small (3%) decrease on the previous year.

1

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

______________ 28% of the organisation’s annual income came from grants from a variety of sources, which is a small (1%) increase on the previous year.

17% of our annual income came from a combination of fundraising activities including charity shop sales, donations and legacies, service income, investment income and other sundry income, which is a 2% increase on the previous year.

During the financial year the organisation received a total of £40,826 from donations. This income was made up of unrestricted cash donations amounting to £20,661 and £20,165 in restricted donations of which £19,285 represented the value of donated facilities and equipment. No legacies were received in the year. Income from these sources supports the delivery of the range of services and activities that the charity provides along with essential core functions.

Overall expenditure increased compared to 2021/22. In particular, expenditure on wages and salaries was increased due to both increased numbers of roles, related to specific funded programmes, and general increases related to the national minimum wage and other cost of living awards for staff. Expenditure on premises costs, energy costs and office expenses were also significantly increased due to market price increases. Staff travel costs increased as we saw delivery activity return to pre-Covid levels. The significant increase in service supply costs is largely due to specific funded project costs, along with general market price increases from the previous year. Expenditure on audit and other professional fees was reduced.

Investment Policy

In early 2022 the investment policy was updated to allow for a mixed investment portfolio in order to maximise the organisation’s assets. This now includes investments in short or medium term low risk, easily redeemable investments in the form of bank deposits and investment of some funds into a longer term, higher yielding fund.

Reserves Policy

This sets out Age UK Blackburn with Darwen’s policy and process around setting and maintaining a financial reserve to support the charity to meet its objects.

Context and rationale

The funding environment for local charities was already challenging and has been further exacerbated by the national economic operating environment resulting in significant increased costs and uncertainty about income levels. Challenges with the level of public sector funds and changes to commissioning models along with increased competition for grant funding mean external funding remains uncertain; and income levels from service and shop takings and fundraising activity are all impacted by the cost of living challenges and wider economic situation. In addition, we are seeing increasing demand and therefore capacity demands across our service provision As such it is likely that some reserves will need to be utilised to ensure we can continue to meet the needs of older people locally during 2023/24 and beyond. In 2021/22 the Trustees designated a further £57,000 of unrestricted funds to support service and business continuity in response to the expected challenges.

2

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Policy

Based on this context and rationale the Trustees of Age UK Blackburn with Darwen have agreed the following Reserves Policy:

This policy is reviewed annually alongside the organisation’s business planning, budget setting and risk assessment processes.

Reserves & Financial Position

Total reserves at 31[st] March 2023 amounted to £642,952 including restricted and designated funds. At that date the organisation held unrestricted, undesignated funds of £382,155 this figure includes tangible fixed assets of £5,011.

Designated funds at 31[st] March 2023 amounted to £204,703. These funds are designated for business continuity and development and to maintain essential core functions and services together with the upgrade of IT equipment and will potentially be spent over the next three years.

The balance on unrestricted, undesignated funds reflects the organisation’s Reserves Policy to maintain sufficient funds to either wind up properly or restructure and secure additional funding, whichever is the most appropriate course of action at the time. A significant proportion of the organisation’s current unrestricted assets are the result of selling a building and as such the Trustees are aware that once spent these assets will not be replenished. The Trustees reviewed the Reserves Policy in May 2023 and it was decided that no changes were needed.

Restricted funds at 31[st] March 2023 amounted £56,094. Details on the movement on restricted funds can be found in the notes to the accounts.

Based on the organisation’s level of cash reserves, the grants and contracts in place and the additional grant income already secured in 2023/24 we consider the organisation will remain a going concern for a period of at least 12 months from the signing of the financial statements.

Related Party Transactions

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

3

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

______________ across the whole of the county of Lancashire. The Charity did not receive any income in 2022/23 as there was no delivery activity in the period (2022: £1,616)

There were donations, including gift aid, made by Trustees of £60 (2022: £475)

Plans for Future Periods

The Trustees are extremely conscious that we continue to operate in uncertain and challenging times, and that the organisation is starting the 2023/24 financial year with a deficit budget. However, the organisation has a full business plan in place which it intends to deliver against. This includes plans to reduce this deficit.

The organisation’s key priorities within this plan for the coming year are:

4

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

Where our income came from: Total Income: £ 1,022,699

----- Start of picture text -----
Charitable Activities 86.8% Donations & Legacies 4% Trading Activities 8%
Investments 0.4% Other 0.7%
----- End of picture text -----

How we spent our income:

Total Expenditure: £1,074,539

----- Start of picture text -----
Supporting Indepentent Living 72.5% Advice, Information and Advocacy 17.4%
Raising Funds 10.1%
----- End of picture text -----

5

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Our Approach to Fundraising

The charity has a fundraising strategy framework in place which has been agreed by the Board of Trustees. This framework applies to all fundraising activities that the charity undertakes and any relationships/partnerships that the charity works with and who fundraise for us. Fundraising covers all of the income generation activities undertaken by the charity including individual donations but excluding non-charitable trading, shops, contracts for services and service income. Fundraising activity includes receiving donations from trusts, companies, educational establishments and individuals and a range of community fundraising such as store collections, street collections, raffles, sponsored events and other events. We do not currently fundraise by telephone, by cold mailing or by signing people up as donors on the street.

In line with Charity Commission guidance we have the following practices in place:

Planning - the charity prepares an annual fundraising income plan and organisational risk register for sign off by the Board of Trustees. The Income Plan includes the activities to be undertaken in that year, expected costs and projected income and the risk register includes any potential income, reputational or other risks in relation to fundraising activities along with mitigating controls. Both are monitored by management and trustees on at least a bi-annual basis.

Delivery - all fundraisers receive an appropriate induction which will include role specific guidance on the Fundraising Regulator’s code of practice in fundraising, and the Institute of Fundraising Guidance. All volunteer fundraisers are supported by a member of paid staff. In addition, to ensure we protect vulnerable people we have a range of other policies in place including Safeguarding of Vulnerable Adults policy and procedures, vulnerable donors guidance and financial procedures which all fundraisers receive and must adhere to.

The requirements and expectations of all donors will be respected including those who wish to remain anonymous and those who wish to restrict their donation to a particular project or service. All data collected in relation to fundraising activities and donors will be processed in line with current data protection legislation and our Privacy Notices.

Finance - comprehensive financial information and reports are kept of all fundraising activities and presented to trustees at least quarterly. Restricted donations are used for the purpose specified and identified in the accounts, in line with SORP requirements. All events are fully costed and risked assessed by the charity senior management team prior to agreement to go ahead and implementation.

Corporate Partners – the charity does not use professional fundraisers or commercial participator arrangements. It does however, from time to time enter into partnerships with businesses who will fundraise for us, for example ‘Charity of the Year’ partnerships. Prior to entering into any such arrangements the charity will assess the relationship through a due diligence risk checklist which will assess reputational risk, expected value, benefits and

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AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

______________ financial integrity. Decisions about proceeding with higher scoring partners will be made by trustees.

Regulation - the charity is registered with the Fundraising Regulator and its operations, staff and volunteers are bound by the code of fundraising practice and other regulations. In addition, all national and local licensing/permission procedures are obtained prior to any fundraising activity taking place.

During 2022/23 we received no complaints with regard to fundraising activity.

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on Public Benefit when reviewing the charity’s aims and objectives and in planning its future activities, which is an annual process.

Governance and Internal Control

The Board of Directors of Age UK Blackburn with Darwen (who are also Trustees of the Charity) is the body responsible for the governance of the organisation. The organisation is governed by Articles of Association and also follows the Charity Governance Code to ensure that it is meeting best practice. The Board is made up of at least five members. The Chief Executive acts as Secretary to the organisation. The list of Directors/Trustees can be found on page 8 of this report.

Elections for Board members take place at the Annual General Meeting at least once every three years. All Board members are eligible for re-election. Nominations to the Board of Trustees maybe made by the Board itself or the organisation may also seek to recruit Trustees by word of mouth or through advertisements.

The Board meets not less than six times per year and receives reports at each meeting from the Chief Executive and Finance Manager, along with a schedule of reports from all areas of the organisation presented by the relevant manager. The senior management team can advise and make recommendations but cannot to vote on decisions of the Board.

All new Trustees receive an induction which is tailored to the specific needs of the individual and includes a copy of the organisation’s Business Plan, a full set of organisational Policies and Procedures and any relevant past Board papers. Relevant on-going training is available to all Trustees.

Trustees Responsibilities

The Trustees have overall responsibility for ensuring that the charity has appropriate systems of internal controls in place across the organisation. The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss. Internal control processes include:

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AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

Risk Management

The Trustees have responsibility for a managed approach to risk management and have a Risk Management Policy in place. The organisation’s risk register is based on Charity Commission guidance, considering likelihood of occurrence, potential impact and the controls in place to mitigate risk, together with the need for further action where necessary. The current risk register reflects that the primary risks facing the organisation which need to be managed are financial; staff retention and the loss of key personnel; recruitment of both paid and voluntary personnel; the changing commissioning landscape; and increased demand for services both in volume and complexity. In terms of financial risk the current primary risks are associated with increasing costs due to the current UK financial situation and increasing staff costs, the upcoming tendering of the day care contract, uncertainty around some income sources including service income, donations and fundraising due to the cost of living challenges and therefore funding for essential core costs. In the longer term the organisation is operating in an environment where local contract levels and opportunities are reducing and the need to diversify income sources is paramount, and a key part of organisational strategy. A funding action plan is in place and this, along with the regular Quality & Risk planning meetings, form part of the approach to risk management. The risk register is reviewed by management at least quarterly and by the trustees at least every six months or in response to a significant change or event.

Key Management Personnel

Key personnel are those responsible for making key strategic decisions or influencing those decisions. The Directors consider that the Board of Directors, who are also the Charity’s Trustees, and the Chief Executive comprise the key management personnel of the Charity. All directors give of their time freely and no director received remuneration in the year.

The pay of the key management personnel is reviewed annually by the Board prior to agreeing the new year budget and taking into account the local context and organisation’s strategy and business plan. In 2022/23 the total employee benefits of key management personnel of the Charity were £59,049 including employer pension contribution (2021:£59,620)

Officers and Directors/Trustees of Age UK Blackburn with Darwen 2022/23

Chairman Anthony Hedley
Vice Chairman John Thomas
Honorary Financial Adviser Vacant
Trustees Fran Breckell

8

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MARCH 2023

______________ Pamela Holgate (resigned 13[th] February 2023) Judith Isherwood (resigned 28[th] November 2022) Faith Marriott Faizal Patel Christopher Porter

Local authority representative Cllr Mustafa Desai

Senior Management Team Chief Executive: Vicky Shepherd Head of Business Development: Elaine Jennings Head of Prevention & Wellbeing: Sharon Lucas Finance Manager: Tina Wilson

Auditors

A proposal regarding the appointment of auditors of the charity will be considered at the annual general meeting.

Trustees Annual Review

The directors’ report and financial statements for the year ended 31 March 2023 are to be read along with the organisation’s Annual Review and Impact Report which has been prepared in a separate document and presents a detailed review of activities undertaken in the year, along with other information.

Statement of Directors’ Responsibilities

The Trustees (who are also directors of Age UK Blackburn with Darwen for the purpose of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing those financial statements, the Trustees are required to;

9

AGE UK BLACKBURN WITH DARWEN

DIRECTORS’ REPORT

FOR THE YEAR ENDED 31 MARCH 2023

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from the legislation in other jurisdictions.

Statement of disclosure to auditors

So far as the directors are aware, there is no relevant audit information of which the company’s auditors are unaware. Additionally, the directors have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditors are aware of that information.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the Board

Anthony Hedley Trustee

4[th] October 2023

10

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Opinion

We have audited the financial statements of Age UK Blackburn with Darwen (the ‘charitable company’) for the year ended 31st March 2023 which comprise the Statement of Financial Activities (including the Income and Expenditure Account), the Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting 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 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Opinions on other matters prescribed by the Companies Act 2006

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained during the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 9 to 10, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud (continued)

As part of an audit in accordance with ISAs (UK) we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

AGE UK BLACKBURN WITH DARWEN

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS AND TRUSTEES OF AGE UK BLACKBURN WITH DARWEN FOR THE YEAR ENDED 31 MARCH 2023

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicholas Smith (Senior Statutory Auditor)

For and on behalf of Rotherham Taylor Limited, Statutory Auditor Chartered Accountants 21 Navigation Business Village Navigation Way Ashton-on-Ribble Preston PR2 2YP

4[th] October 2023

AGE UK BLACKBURN WITH DARWEN

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

Note Unrestricted Restricted 2023 2022
Funds Funds Total Total
£ £ £ £
INCOME FROM:
Donations & legacies 2 20,661 20,165 40,826 44,936
Other trading activities
Shop income 68,668 ‐ 68,668 58,073
Fundraising activities 13,669 ‐ 13,669 12,773
Reimbursed costs ‐ ‐ ‐ 3,088
Income from investments
Interest on short term deposits 4,519 ‐ 4,519 1,329
Charitable activities
Supporting Independent Living 3 685,371 54,630 740,001 699,914
Advice, Information & Advocacy 4 25,026 122,843 147,869 136,451
Influencing Policy & Practice 5 ‐ ‐ ‐ ‐
Other income
Other income 7,147 ‐ 7,147 9,174
Total income 825,061 197,638 1,022,699 965,738
EXPENDITURE ON:
Raising funds 7
Cost of generating voluntary income ‐ ‐ ‐ ‐
Shop operating costs 95,684 1,275 96,959 92,137
Fundraising 12,030 ‐ 12,030 9,661
Charitable activities 6
Supporting Independent Living 719,868 59,141 779,009 715,385
Advice, Information & Advocacy 49,428 137,113 186,541 164,891
Influencing Policy & Practice ‐ ‐ ‐ ‐
Total expenditure 877,010 197,529 1,074,539 982,074
Net (expenditure)/income 9a (51,949) 108 (51,841) (16,336)
Transfers between funds 16,17 ‐ ‐ ‐ ‐
Net movement in funds (51,949) 108 (51,841) (16,336)
Reconciliation of funds
Total funds brought forward 16,17 647,669 47,123 694,791 711,127
Total funds carried forward 16,17 595,720 47,232 642,952 694,791

All incoming resources and resources expended derive from continuing activities

The notes on pages 21 to 41 form part of these accounts

18

AGE UK BLACKBURN WITH DARWEN

BALANCE SHEET

AS AT 31 MARCH 2023

Note
Fixed Assets
Tangible fixed assets
10
Investments
11
Current Assets
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors
14
Net Current Assets
Net Assets
Capital and Reserves
Unrestricted funds
‐ General funds
16
‐ Designated funds
16
Restricted funds
17
Amounts falling due within one year		 Charity
2023
£
5,011
8
5,019
825
37,735
690,603
729,163
(91,230)
637,933
642,952
382,155
204,703
586,858
56,094

642,952		 Charity
2022
£
10,447
8
10,455
958
46,303
823,479
870,740
(186,402)
684,338
694,793
442,237
205,432
647,669
47,124
694,793

Approved by the trustees on 4th October 2023 and signed on their behalf by:

A Hedley Chairman Company Number 7728630

The notes on pages 21 to 41 form part of these accounts

19

AGE UK BLACKBURN WITH DARWEN

STATEMENT OF CASH FLOWS AS AT 31 MARCH 2023

Note
Cash flows from operating activities:
Net cash used by operating activities
24
Cash flows from investing activities:
Interest income
Purchase of tangible fixed assets
Net cash provided by /(used in) investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period
25		 Charity
2023
£
(183,299)
4,519
‐
4,519
(132,876)
823,479
690,603		 Charity
2022
£
77,442
1,329
(10,022)
(8,693)
68,750
754,729
823,479

20

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

1 Principal accounting policies

Basis of accounting

These financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2019) ‐ Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The financial statements are prepared in sterling which is the functional currency of the entity. Age UK Blackburn with Darwen meets the definition of a public entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

Basis of Consolidation

The Charity has one dormant subsidiary which is not material, see note 11 of the accounts. Therefore, these accounts are not consolidated accounts and comprise the accounts of the parent charitable company only.

Investments in Joint Ventures

Investments in joint ventures are included at cost.

Investments

Fixed asset investments are stated at cost less any provision for impairment.

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable the income will be received and the amount can be measured reliably.

Gifts in kind and intangible income

Equipment and other items are included in the financial statements at estimated market value of the item donated at the time of receipt. Rent‐free accommodation and Non‐Domestic Rate Relief on properties used by Age UK Blackburn with Darwen have been included in the financial statements at the estimated market value of the services donated. Items donated for resale are included in shop income when sold and no value is placed on stock at the year end. The value of services from volunteers has not been included in the financial statements.

Grants

Income from government and other grants, whether 'capital' grants or 'reserve' grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and not deferred.

21

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

1 Principal accounting policies (continued)

Donations and legacies, and other forms of voluntary income

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

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

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

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

All costs are allocated between the expenditure categories of the Statements of Financial Activities on a basis designed to reflect the use of the resource. Support costs are apportioned on an appropriate basis e.g. time spent, floor areas, or estimated usage.

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

Restricted Funds

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

Unrestricted funds

Unrestricted funds represent income received or generated for the objects of the Charity without further specified purpose and are available as general funds.

Designated funds

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

Depreciation

Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1,000 are not capitalised. Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives, which are as follows:

Leasehold Improvements 10.62% ‐ 25% Straight‐line method over period of lease Equipment 15% ‐ 25% Straight‐line method Computers 33.3% Straight‐line method Motor vehicles 25% Reducing balance method

Stocks

Stocks are valued at the lower of cost and net realisable value. Donated items of stock have not been included in the stock balance as, after careful consideration the Trustees' view is that the cost of obtaining this information is impractical and exceeds the benefits it will provide.

22

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

1 Principal accounting policies (continued)

Resources expended

Operating leases

Leases in which the entity assumes substantially all the risks and rewards of ownership of the leased asset are classified as finance leases. All other leases are classified as operating leases.

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

Pensions

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

Financial instruments

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

Taxation

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

Judgements and Key Sources of Estimation Uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that

affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience

and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

In the opinion of the directors there are no critical accounting judgements and key sources of estimation and uncertainty that require further disclosure, which are not explained elsewhere in the accounting policies.

Legal status of the Charity

The Charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Materiality

The majority of figures in this document have been rounded to the nearest £1. This means that there may be very minor inconsistences between tables and notes, due to rounding adjustments.

23

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

2
Donations and legacies
Unrestricted Donations and legacies
for the general use of the Charity
Restricted donations
‐ Supporting Independent Living
‐ Advice, Information & Advocacy
‐ Donated facilities and equipment
including rate relief
2022 COMPARATIVE
Donations and legacies
Unrestricted donations and legacies
for the general use of the Charity
Restricted donations
‐ Supporting Independent Living
‐ Advice, Information & Advocacy
‐ Donated facilities and equipment
including rate relief		 Unrestricted
Funds
£
20,661
‐
‐
‐
20,661
Unrestricted
Funds
£
29,906
‐
‐
‐
29,906		 Restricted
Funds
£
‐
240
640
19,285
20,165
Restricted
Funds
£
‐
195
599
14,236
15,030		 2023
Total
£
20,661
240
640
19,285
40,826
2022
Total
£
29,906
195
599
14,236
44,936

24

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

3
Supporting Independent Living
Contracts and Service Level Agreements:
Blackburn with Darwen Borough Council
Grants:
Age UK
‐ Brand Partner
‐ Winter Health
‐ MCST
‐ Walking Football
‐ Sport England
Big Lottery Community Fund RC North West Region
BwDBC Activity Buddies
BwD BC Creative Ideas
BwDBC Take Home & Settle
BwDBC Targeted Benefit take up campaign
BwDBC Winter Wellbeing Packs
Care Network - Covid Community Champions
Darwen Town Council
Dept of Transport
Garfield Weston
Innovate UK
Kickstart programme
Lancashire Mind
Service Income		 Unrestricted
Funds
£
548,356
10,000
14,096
10,294
6,565
2,000
3,418
2,000
1,333
41,365
3,870
42,074
685,371		 Restricted
Funds
£
1,850
12,761
3,620
1,473
9,498
700
20,000
4,728
54,630		 2023
Total
£
548,356
‐
‐
‐
‐
10,000
1,850
12,761
3,620
1,473
9,498
14,096
10,294
6,565
2,000
3,418
2,000
700
1,333
20,000
41,365
3,870
4,728
42,074
740,001

25

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

2022 COMPARATIVE
Supporting Independent Living
Contracts and Service Level Agreements:
Blackburn with Darwen Borough Council
Lancs Care Living Longer Better
AgeUK Winter Support
Grants:
Age UK
‐ Brand Partner
‐ Winter Health
‐ Friends & Forums
‐ MCST
‐ Tackling Inequalities
‐ Think Digital
‐ Walking Football
BwD CVS Population Health Grant
Dept of Transport
BwDBC Smoking Cessation
Care Network ‐ Covid Community Champions
BwDBC Vaccination Engagement
BwD Activity Buddies
Lancashire Mind
Garfield Weston
ESC Lottery Fund Sport England
BwDBC Our community our future
BwDBC Winter Wellbeing Packs
BwDBC Housing Support Fund
Kickstart programme
Uclan Student Placement
Service Income		 Unrestricted
Restricted
2022
Funds
Funds
Total
£
£
£
499,961
‐
499,961
30,000
‐
30,000
15,492
‐
15,492
0
‐
‐
‐
10,000
‐
10,000
‐
1,070
1,070
750
‐
750
‐
19,993
19,993
‐
3,323
3,323
‐
8,758
8,758
‐
5,000
5,000
4,700
‐
4,700
1,333
‐
1,333
4,000
‐
4,000
2,500
‐
2,500
2,000
‐
2,000
8,334
‐
8,334
‐
5,762
5,762
‐
20,000
20,000
‐
9,955
9,955
1,850
‐
1,850
2,448
‐
2,448
3,300
‐
3,300
8,167
‐
8,167
1,400
‐
1,400
29,818
‐
29,818
626,053
73,861
699,914

26

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

4
Advice, Information & Advocacy
Contracts and Service Level Agreements:
‐ AgeUK Warm Homes Programme ‐ Shell
Grants:
Age UK
‐ Building Better Lives
The Henry Smith Charity
Brian Mercer
BwD BC Household Support Fund
BwD BC Public Health
BwDBC Creative Ideas
Eric Wright Charitable Trust
Jubilee Tower Credit Union
Skelton Charity
Service Income
2022 COMPARATIVE
Advice, Information & Advocacy
Contracts and Service Level Agreements:
‐ E.ON Energy Solutions Limited ‐ Benefits
Take Up Programme
Grants:
Age UK
‐ Later Life Goals
‐ Building Better Lives
Age UK Greater Lancashire CIC
Eric Wright Charitable Trust
Brian Mercer
Arnold Clark Community Fund
The Henry Smith Charity
Service Income		 Unrestricted
Funds
4,420
3,000
7,606
10,000
‐
25,026
Unrestricted
Funds
£
‐
‐
‐
1,616
‐
‐
‐
‐
1,080
2,696		 Restricted
Funds
£
15,075
30,000
26,448
10,000
40,000
1,320
‐
122,843
Restricted
Funds
£
12,400
10,500
30,000
‐
27,500
10,000
1,000
42,355
‐
133,755		 2023
Total
£
15,075
30,000
26,448
10,000
4,420
3,000
7,606
40,000
10,000
1,320
‐
147,869
2022
Total
£
12,400
10,500
30,000
1,616
27,500
10,000
1,000
42,355
1,080
136,451

27

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

5
Influencing Policy & Practice
Contracts and Service Level Agreements:
2022 COMPARATIVE
Influencing Policy & Practice
Contracts and Service Level Agreements:		 Unrestricted
Funds
£
‐
‐
Unrestricted
Funds
£
‐
‐		 Restricted
Funds
£
‐
‐
Restricted
Funds
£
‐
‐		 2023
Total
£
‐
‐
2022
Total
£
‐
‐

6 Expenditure on Charitable Activities

Direct Costs
Staff Costs
Premises Costs
Office Costs
Vehicle Costs
Service Supplies
Professional Fees
Bank Charges
Depreciation
Support Costs (basis for allocation)
Staff Costs (time)
Premises (space)
Office (usage)
Service Supplies
Professional Fees (usage)
Bank Charges (usage)
Depreciation (usage)
Governance costs
Total Support Costs
Total Costs		 Supporting
Independent
Living
£
510,199
5,761
13,532
7,836
34,804
2,583
399
1,378
576,492
113,678
37,136
23,532
‐
4,342
804
‐
23,025
202,517
779,009		 Advice
Information
& Advocacy
£
123,062
1,969
913
1,205
356
‐
‐
127,505
41,015
4,606
913
‐
980
182
‐
11,341
59,037
186,542		 Influencing
Policy
& Practice
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 2023
Total
£
633,261
7,730
14,445
7,836
36,009
2,939
399
1,378
703,997
154,693
41,742
24,445
‐
5,322
986
‐
34,366
261,554
965,551

28

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

2022 COMPARATIVE

Expenditure on Charitable Activities
Direct Costs
Staff Costs
Premises Costs
Office Costs
Vehicle Costs
Service Supplies
Professional Fees
Bank Charges
Depreciation
Support Costs (basis for allocation)
Staff Costs (time)
Premises (space)
Office (usage)
Service Supplies
Professional Fees (usage)
Bank Charges (usage)
Depreciation (usage)
Governance costs
Total Support Costs
Total Costs		 Supporting
Independent
Living
£
510,521
4,730
9,360
8,574
19,558
2,435
250
2,642
558,070
81,705
26,023
23,309
‐
4,062
961
‐
21,255
157,315
715,385		 Advice
Information
& Advocacy
£
92,765
1,801
829
‐
1,783
26
‐
1,362
98,566
33,288
7,838
12,888
‐
2,015
162
‐
10,134
66,325
164,891		 Influencing
Policy
& Practice
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 2022
Total
£
603,286
6,531
10,189
8,574
21,341
2,461
250
4,004
656,636
114,993
33,861
36,197
‐
6,077
1,123
‐
31,389
223,640
880,276

29

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

7 Expenditure on Raising Funds

Direct Costs
Staff Costs
Premises Costs
Office Costs
Service Supplies
Professional Fees
Bank charges
Depreciation (usage)
Support Costs (basis for allocation)
Staff Costs (time)
Premises (space)
Office (usage)
Service Supplies
Professional Fees (usage)
Bank charges (usage)
Total Support Costs
Total Costs		 Generating
Voluntary
Income
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 Shop
Operating
Costs
£
59,174
21,715
1,113
1,495
‐
987
‐
84,484
7,351
1,957
2,635
‐
438
94
12,475
96,959		 Fundraising
£
10,211
‐
‐
1,105
50
8
‐
11,374
11
227
350
‐
57
11
656
12,030		 2023
Total
£
69,385
21,715
1,113
2,600
50
995
‐
95,858
7,362
2,184
2,985
‐
495
105
13,131
108,989

30

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

2022 COMPARATIVE

Expenditure on Raising Funds

Direct Costs
Staff Costs
Premises Costs
Office Costs
Vehicle Costs
Service Supplies
Professional Fees
Bank charges
Depreciation (usage)
Support Costs (basis for allocation)
Staff Costs (time)
Premises (space)
Office (usage)
Service Supplies
Professional Fees (usage)
Bank charges (usage)
Depreciation
Total Support Costs
Total Costs		 Generating
Voluntary
Income
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 Shop
Operating
Costs
£
56,581
16,970
1,747
1,292
1,078
773
2,701
81,142
7,212
2,315
746
‐
627
95
‐
10,995
92,137		 Fundraising
£
6,321
‐
‐
‐
‐
‐
‐
6,321
111
1,748
795
‐
672
14
‐
3,340
9,661		 2022
Total
£
62,902
16,970
1,747
‐
1,292
1,078
773
2,701
87,463
7,323
4,063
1,541
‐
1,299
109
‐
14,335
101,798

8 Support Costs

Some of the organisation's services operate from the main offices at 4 King Street, which is also the base for support staff. The costs relating to these offices are allocated as direct costs where they can be identified to a specific service area. Shared costs e.g. telephone, heat & light, insurance etc. are presented as Support Costs.

Support Staff Costs include the Chief Executive and Finance & Business Support staff.

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

31

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

9a Net income/expenditure for the year
This is stated after charging: 2023 2022
£ £
Operating leases ‐ Land & Buildings 22,358 24,924
Operating leases ‐ Equipment 19,997 20,612
Depreciation 4,877 6,078

9b Auditors' remuneration Total resources expended includes Auditors' remuneration for audit services and other services. The amounts shown include non‐recoverable VAT.

include non‐recoverable VAT.
Audit services
Charity		 2023
£
9,950
9,950		 2022
£
9,750
9,750

10 Tangible fixed assets

Leasehold
Improvements
£
Cost
Balance at 1 April 2022
42,899
Additions
‐
Disposals
‐
Balance at 31 March 2023
42,899
Depreciation
Balance at 1 April 2022
42,899
Charge for the period
Disposals
‐
Balance at 31 March 2023
42,899
Net book value
31 March 2023
‐
31 March 2022
‐		 Equipment
£
150,210
‐
150,210
141,499
3,700
145,199
5,011
8,711		 Motor
Vehicles
£
31,350
‐
(31,350)
‐
29,584
566
(30,150)
‐
‐
1,766		 Total
£
224,459
‐
(31,350)
193,109
213,982
4,266
(30,150)
188,098
5,011
10,477

32

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

11
Fixed Asset Investment
Shares in AGE Uk Blackburn with
Darwen Trading Ltd ‐ at cost
Cost and Net Book Value at 31 March 2023
Investment in Joint Venture ‐ CIC ‐ at cost		 2023
£
2
6
8		 2022
£
2
6
8

The Charity holds the whole of the issued share capital of Age UK Blackburn with Darwen Trading Ltd, a company registered in England and Wales. Its principal activity upto 22nd December 2017 was arranging insurance after which the company ceased to trade.

The aggregate of assets, liabilities and reserves is:

Assets
Total reserves		 2023
£
2
2		 2022
£
2
2

The Charity hold 50% of the issued share capital of Age UK Greater Lancashire CIC, a company registered in England and

Wales. Its principal activity is the delivery of contracts and services across the whole of the county of Lancashire

12
Stocks
Finished goods and goods for resale
13
Debtors
Grants receivable
Tax recoverable including VAT
Prepayments and accrued income		 2023
£
825
2023
£
16,722
2,848
18,165
37,735		 2022
£
958
2022
£
24,835
3,446
18,022
46,303

33

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

14 Creditors: Amounts falling due within one year

Creditors: Amounts falling due within one year
Taxation including VAT
Accruals
Deferred income		 2023
£
1,860
20,394
68,976
91,230		 2022
£
14,101
34,464
137,837
186,402

15 Deferred income

Deferred income comprises grants received in advance for expenditure to take place in the following accounting period.

Balance at 1 April 2022
Amount released to incoming resources
Amount deferred in period
Balance at 31 March 2023		 Charity
£
137,837
(137,837)
68,976
68,976

2022 COMPARATIVE Deferred income

Deferred income comprises grants received in advance for expenditure to take place in the following accounting period.

Deferred income
Deferred income comprises grants received in advance for expenditure to take place in the following accounting period.
Balance at 1 April 2021
Amount released to incoming resources
Amount deferred in period
Balance at 31 March 2022		 Charity
£
35,377
(35,377)
137,837
137,837

34

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

16
Unrestricted funds
1 April
Incoming
Outgoing
2022
£
£
£
Designated funds
205,432
‐
‐
Undesignated funds
442,237
820,139
(880,950)
Charity
647,669
820,139
(880,950)
Funds are designated for the following purposes
Name
Business Continuity & Development
Purpose
To maintain essential core functions and services and support the upgrade of IT
equipment		 Transfers
£
(729)
729
‐
31 March
2023
£
204,703		 31 March
2023
£
204,703
382,155
586,858

2022

Unrestricted funds
Designated funds
Undesignated funds
Charity		 1 April
2021
£
179,323
495,962
675,285		 Incoming
£
‐
742,594
742,594		 Outgoing
£
(25,063)
(745,147)
(770,210)		 Transfers
£
51,172
(51,172)
‐		 31 March
2022
£
205,432
442,237
647,669

35

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

17 Restricted funds

Description of Fund
ADVICE & INFORMATION
Age UK
‐ Warm Homes Programme ‐ Shell
‐ Building Better Lives
Brian Mercer Charitable Trust
Eric Wright Charitable Trust
Donations
The Henry Smith Charity
SUPPORTING INDEPENDENT LIVING
Active Ageing
Age UK
‐ MCST
‐ Sport England
‐ Walking Football
‐ Ageing Well Mutli Agency Funding
Big Lottery Community Fund RC North
West Region
Darwen Town Council
Day Care Donations
Artful Minds
Winter Health
Swim England
WG Edwards
Co‐op Dementia Cinema
Asda Community Fund
Morrisons Community Fund
Ladies Fellowship
Active Lancashire
Garfield Weston
Social Inclusion
Lancashire Mind
National Lottery Community Support Fund
Santander Discovery Days
Integrated Care
Age UK
Donated facilities & equipment
Other
Restricted funds ‐ Charity		 1 April
2022
£
‐
‐
‐
‐
‐
1,806
2,173
‐
2,033
1,941
‐
‐
109
250
‐
557
1,500
2,387
81
10,685
100
237
20,000
‐
‐
‐
3,264
‐
‐
47,123		 Incoming
£
15,075
30,000
10,000
40,000
640
26,448
12,761
1,473
3,620
‐
9,498
700
‐
‐
1,850
20,000
4,728
‐
19,285
240
196,318		 Outgoing
£
(15,075)
(30,000)
(10,000)
(40,000)
(640)
(28,254)
(11,856)
(1,473)
(5,653)
‐
(9,498)
(33)
(109)
(250)
(1,850)
(1,065)
(100)
(237)
(7,000)
(4,728)
‐
(19,285)
(240)
(187,347)		 Transfers
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 31 March
2023
£
‐
‐
‐
‐
‐
‐
3,078
‐
‐
1,941
‐
667
‐
‐
‐
557
1,500
2,387
81
9,620
‐
‐
33,000
‐
‐
‐
‐
‐
3,264
‐
‐
‐
‐
56,094

36

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

Restricted funds
1 April
2020
Description of Fund
£
ADVICE & INFORMATION
Age UK
‐ E.ON Energy Solutions Limited
Benefits Take Up Programme
‐
‐ Building Better Lives
‐
‐ Later Life Goals
‐
Eric Wright Charitable Trust
‐
Donations
‐
The Henry Smith Charity
1,715
Brian Mercer
‐
Other
‐
SUPPORTING INDEPENDENT LIVING
Active Ageing
Age UK
‐ Get Active, Feel Great Project
1,336
‐ Think Digital
1,911
‐ MCST
‐
‐ Tackling Inequalities
‐
‐ Walking Football
‐
‐ Winter Health
‐
‐NHSE Winter support Programme
1,921
Other
23,945
Social Inclusion
Lancashire Mind
‐
National Lottery Community Support Fund
935
Santander Discovery Days
100
Integrated Care
Age UK
3,264
AGE WELL PARTNERSHIP
OTHER
Fixed Assets funded by grants & donatio
62
Donated facilities & equipment
‐
Other
653
Restricted funds
35,842
‐
2022 COMPARATIVE		 Incoming
£
12,400
30,000
10,500
27,500
599
42,355
10,000
1,000
‐
8,758
19,993
3,323
5,000
1,070
‐
29,955
5,762
‐
‐
‐
693
14,236
‐
223,144		 Outgoing
£
(12,400)
(30,000)
(10,500)
(27,500)
(599)
(42,264)
(10,000)
(1,000)
(1,336)
(10,669)
(17,820)
(3,323)
(2,967)
(1,070)
(1,921)
(16,053)
(5,762)
(935)
(100)
‐
(755)
(14,236)
(653)
(211,863)		 Transfers
£
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐		 31 March
2022
£
‐
‐
‐
‐
‐
1,806
‐
‐
‐
‐
2,173
‐
2,033
‐
37,847
‐
‐
‐
3,264
‐
‐
‐
47,125

37

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

18
Information regarding employees and trustees
Average number of employees in the period
‐ Full time employees
‐ Part time employees
Average number of employees
The full time equivalent of the part time staff is
Staff costs comprise:
‐ Wages and salaries
‐ Social security costs
‐ Recruitment
‐ Pension contributions		 2023
16
16
32
10.38
£
715,668
61,613
270
38,699
816,250		 2022
15
18
33
11.72
£
706,700
59,930
721
25,205
792,556

No employees had emoluments (excluding employer pension contributions) in excess of £60,000 (2022 : Nil).

The charity purchased insurance costing £346 (2022: £548) to protect the Charity from loss arising from neglect or default of its Trustees and to indemnify the Trustees against the consequence of neglect or default on their part.

Key management personnel of the Charity comprised the Trustees and the Chief Executive of the Charity. The total employee benefits of the key management personnel of the Charity were £55,882 (2022: £57,385) in addition employer pension contributions with the salary exchange scheme of £3167(2022: £2,235) were paid in respect of their services. There was no remuneration or expenses paid to Trustees.

19 Pension costs

The charity operates a defined contribution pension scheme and makes contributions under auto‐enrolment requirements. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents the contributions payable by the charity to the fund. Using the salary exchange scheme for eligible employees. The charge for the year is £37,136. (2022 : £25,205)

38

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

20 Analysis of Charity assets and liabilities between funds

Tangible fixed assets
Current assets:
‐ Investment in joint venture
‐ Stocks
‐ Debtors
‐ Cash at bank and in hand
Creditors
Total		 Designated
Undesignated
Restricted
Total
Funds
Funds
Funds
£
£
£
£
5,011
5,011
‐
8
8
826
826
37,086
648
37,734
204,704
429,805
56,094
690,603
(89,965)
(1,265)
(91,230)
Unrestricted Funds
204,704
382,771
55,477
642,952

2022 COMPARATIVE

Analysis of assets and liabilities between funds

Tangible fixed assets
Current assets:
‐ Investment in joint venture
‐ Stocks
‐ Debtors
‐ Cash at bank and in hand
Creditors
Total		 Designated
Undesignated
Funds
Funds
£
£
8,352
1,739
‐
8
‐
958
‐
46,291
197,080
576,804
‐
(183,563)
205,432
442,237
Unrestricted Funds		 Restricted
Funds
£
356
‐
‐
12
49,594
(2,838)
47,124		 Total
£
10,447
‐
8
958
46,303
823,478
(186,402)
694,792

39

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

21 Changes in resources available for charity use

Net movement in funds for the period
Net Decrease in tangible assets
Net movement in funds available
for future activities		 Designated
Undesignated
Funds
Funds
£
£
(728)
(59,466)
(5,436)
(59,466)
(6,164)
Unrestricted Funds		 Restricted
Funds
£
8,353
8,353		 Total
£
(51,841)
(5,436)
(57,277)

2022 COMPARATIVE

Changes in resources available for charity use

Net movement in funds for the period
Net decrease in tangible assets
Net movement in funds available for future
activities		 Designated
Undesignated
Funds
Funds
£
£
26,109
(53,725)
8,352
2,665
Unrestricted Funds
(51,060)
34,461		 Restricted
Funds
£
11,281
534
11,815		 Total
£
(16,335)
11,551
(4,784)

22 Financial commitments and operating leases

At 31 March 2022 there were annual commitments under non‐cancellable operating leases as set out below:

Operating leases which expire:
Within one year
Within two to five years		 2023
2022
£
£
20,458
9,503
1,900
3,800
22,358
13,303
Land & Buildings		 2023
2022
£
£
14,277
18,692
5,720
24,222
19,997
42,914
Other Assets		 2023
2022
£
£
14,277
18,692
5,720
24,222
19,997
42,914
Other Assets
42,914

23 Related Party Transactions

There were donations, including gift aid, made by the Trustees of £60 (2022: £475)

The Charity holds 50% of the issued share capital of Age UK Greater Lancashire CIC, a company registered in England & Wales. Its principal activity is the delivery of contracts and services across the whole of the county of Lancashire. The Charity did not receive any income in 22/23 as the project had come to an end (2022: £1,616)

There were no other related party transactions during the current or previous year

40

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2023

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

Adjustments for:
Depreciation charges
Bank interest
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by (used by) operating activities
25
Analysis of net funds
1 April
2022
£
Cash at bank and in hand
892,229
Analysis of net funds
1 April
2021
£
Cash at bank and in hand
823,479
26
Government Grants ‐ Charity Funder
Description/Nature
Department of Transport
Day Services transport provision
Her Majesty's Revenue and Customs
Coronavirus Job Retention Scheme
Her Majesty's Revenue and Customs
SSP Grant
Blackburn with Darwen Borough Council
Covid Relief Grants
2022 COMPARATIVE
Net (expenditure)/income for the reporting period (as per the
statement of financial activities)		 Charity
2023
£
(51,841)
4,876
(4,519)
133
(36,776)
(95,172)
(183,299)
Cash Flow
£
(201,626)
Cash Flow
£
68,750
2023
£
1,333
‐
‐
‐		 Charity
2022
£
(16,336)
6,078
(1,329)
(693)
(9,987)
99,709
77,442
31 March
2023
£
690,603
31 March
2022
£
892,229
2022
£
1,333
1,490
1,195
2,667

The Charity has also benefited from other forms of local government assistance including subsidised/rent‐free accommodation and non‐domestic rate relief.

There were no unfulfilled conditions or other contingencies attached to grants recognised in income.

41

Appendix 1

AGE UK BLACKBURN WITH DARWEN

STATEMENT OF FINANCIAL ACTIVITIES COVERING THE YEAR ENDED 31 MARCH 2023

INCOME
Contracts & Service Level Agreements
Blackburn with Darwen Borough Council
Positive Ageing Framework
‐ Age UK Warm Homes Programme ‐Shell
Lancashire & South Cumbira ICS Living Longer Better
AgeUk Winter Support
Grants
Age UK
‐ Brand Partner
‐ Building Better Lives
‐ Friends & Forums
‐ Later Life Goals
‐ MCST
‐ Tackling Inequalities
‐ Think Digital
‐ Walking Football
‐ Winter Health
Age UK Greater Lancashire CIC
Arnold Clark Community Fund
Big Lottery Community Fund RC North West Region
Blackburn with Darwen Borough Council Refunds
Brian Mercer Charitable Trust
BwDBC Activity Buddies
BwDBC Smoking Cessation
BwDBC Creative Ideas
BwDBC CVS Population Health Grant
BwDBC Houshold Support Scheme
BwDBC Our Community Our Future
BwDBC Targeted Benefit take up campaign
BwDBC Vaccination Engagement
BwDBC Winter Wellbeing Packs
BwDBC Take Home and Settle
BwDBC Public Health
Care Network ‐ Covid Community Champions
Dept of Transport
Darwen Town Council
ECS Lottery Fund Sport England
Garfield Weston
Jubilee Tower Credit Union
Innovate UK
KickStart Programme
Lancashire Mind
Sport England
Skelton Charity
The Eric Wright Charitable Trust
The Henry Smith Charity
Uclan Student Placement
WM &BW Lloyd Charity Trust
Donations and fundraising
Miscellaneous donations
Legacies
Donated facilities & equipment
Fundraising activities & events
Sale of goods
Gift Aid Administration Fee
Service income
Service charges
Other income
Bank and building society interest
HMRC SSP Grant ‐ Covid
Coronavirus Job Retention Scheme
Other
Total income		 Unrestricted
Funds
£
530,356
18,000
‐
‐
‐		 Restricted
Funds
£
‐
‐
15,075
‐
‐		 Total
Funds
31 March
2023
£
530,356
18,000
15,075
‐
‐		 Total
Funds
31 March
2022
£
499,961
‐
12,400
30,000
15,492
548,356 15,075 563,431 557,853
10,000
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
14,096
‐
17,900
‐
4,420
‐
2,000
‐
3,418
6,565
3,000
2,000
1,333
‐
‐
‐
10,000
41,365
3,870
‐
‐
1,320
‐
‐
‐
‐		 ‐
30,000
‐
‐
12,761
‐
‐
3,620
1,850
‐
‐
9,498
‐
10,000
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
‐
700
‐
20,000
‐
‐
‐
4,728
1,473
‐
40,000
26,448
‐
‐		 ‐
10,000
30,000
‐
‐
12,761
‐
‐
3,620
1,850
‐
‐
9,498
‐
10,000
14,096
‐
17,900
‐
4,420
‐
2,000
‐
3,418
6,565
3,000
2,000
1,333
700
‐
20,000
10,000
41,365
3,870
4,728
1,473
1,320
40,000
26,448
‐
‐		 ‐
10,000
30,000
750
10,500
19,993
3,323
8,758
5,000
1,070
1,616
1,000
‐
2,667
10,000
8,334
4,000
‐
4,700
3,300
1,850
‐
2,000
2,448
‐
‐
2,500
1,333
‐
9,955
20,000
‐
‐
14,674
5,762
‐
‐
27,500
42,355
1,400
498
121,287 161,078 282,365 257,286
20,661
‐
‐
13,669
68,668
139		 880
‐
19,285
‐
‐
‐		 21,541
‐
19,285
13,669
68,668
139		 22,325
8,375
14,236
12,773
57,448
127
103,137 20,165 123,302 115,284
42,074 ‐ 42,074 30,898
42,074 ‐ 42,074 30,898
4,519
‐
‐
7,008		 ‐
‐
‐
‐		 4,519
‐
‐
7,008		 1,329
1,195
1,490
403
11,527 ‐ 11,527 4,417
826,381 196,318 1,022,699 965,738

42

Appendix 2

AGE UK BLACKBURN WITH DARWEN

STATEMENT OF FINANCIAL ACTIVITIES

COVERING THE YEAR ENDED 31 MARCH 2023

EXPENDITURE
Wages, salaries and staff recruitment
Rent, rates & insurance
Heat and light
Repairs, renewals & alterations
Printing, stationery & office expenses
Post & telephone
Travel
Service supplies
Volunteers expenses
Advertising, promotion & events
Training & conferences
Vehicle expenditure
Audit fee
Professional fees
Bank charges
Provision for depreciation
Fees to Voluntary Organisations
Total expenditure
Surplus /(Deficit) of income over expenditure
for the year transferred to balance sheet		 Unrestricted
Funds
£
673,734
32,064
12,294
6,578
37,752
16,840
5,720
51,260
977
757
5,353
7,836
6,332
9,215
4,422
4,876
1,000
877,010
(50,629)		 Restricted
Funds
£
137,516
20,827
1,362
3,100
6,537
3,076
2,361
15,107
837
647
1,263
‐
1,440
1,427
430
‐
1,600
197,529
(1,211)		 Total
Funds
31 March
2023
£
811,250
52,891
13,656
9,678
44,289
19,916
8,081
66,367
1,814
1,404
6,616
7,836
7,772
10,642
4,852
4,876
2,600
1,074,540
(51,841)		 Total
Funds
31 March
2022
£
785,556
45,997
5,092
9,413
39,349
18,069
3,112
23,612
1,883
(167)
5,748
8,574
10,917
14,082
2,438
6,049
2,350
982,074
(16,336)

43