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2022-03-31-accounts

~~Report and financial statements for the year ended 31 March 2022~~

~~Contents~~

Foreword 2
Our Impact and Key Achievements 4
Our Circle of Wellbeing and 5
the Impact We Make
Our Programmes 12
Our Data 14
Safeguarding 15
Our Funding 16
Special Thanks 16
Corporate Volunteering 17
Purpose and Aim 18
Objectives 18
Financial Review 19
Statement of Financial Activities 30
Balance Sheet 31
Statement of Cash Flows 32
Notes to the Financial Statements 33

Trustees

Adrees Syed (appointed 28 July 2021) Alan Nicholls (resigned 01 October 2021)

Andrea Bapst (resigned 28 November 2021) Andrew Phillips (resigned 28 July 2021)

Cathryn Maybin

Emma Whitby (resigned 01 October 2021)

Fiona Speak

Glyn Kyle MBE

Julia Casimo (appointed 29 June 2022) Lucy Bracken (resigned 5 September 2022) Manjit Lall (appointed 29 June 2022) Marie Jay (resigned 1 September 2021) Mary Flatley (resigned 26 January 2022) Rosanna Hardwick (resigned 24 November 2021) Sarada Chunduri-Shoesmith

Teresa O’Connor (appointed 31 August 2021)

Consultant to the Board

Aileen Buckton

Company Secretary

Jane Caldwell (to June 2022) Andrea Kelmanson (from June 2022)

Chief Executive

Jane Caldwell (to 16 June 2022) Andrea Kelmanson (from June 2022)

Company number 07687015

Charity number

1144535

Registered office

82 Russia Lane, London E2 9LU

Auditors

Haysmacintyre LLP, 10 Queen Street, London EC4R 1AG

Bankers

Unity Trust, Congress House, 23-28 Great Russell Street, London WC1B 2UB

The object of the charity as stated in the Memorandum and Articles of Association (24th June 2011) is as follows:

To promote the following purposes for the benefit of the public and/or older people in and around East London namely: City, Tower Hamlets, Newham, Hackney, Waltham Forest, Havering, Redbridge and Barking and Dagenham

Key management personnel

CEO Jane Caldwell (to June 2022) Andrea Kelmanson (from June 2022)

Director of Care and Service Development, Safeguarding Lead Deborah Hayes

Director of Services

Larissa Howells

Director of Finance Geetha Umaasuthan

The Trustees, who are also directors under company law, present their report and financial statements for the year ended 31 March 2022.

The Trustees confirm that the financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice for Charities (SORP 2015) (Second Edition, effective 1 January 2019).

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2021

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~~Foreword~~

Welcome to Age UK East London’s annual review and accounts for the year ending 31 March 2022.

During the period, the older residents of East London continued to face varied and complex challenges following the pandemic. In response we increased our services when people needed it most, supporting over 22,000 people in the past year. Our Information and Advice team secured over £3 million in benefits on behalf of clients; our Take Home and Settle service helped over 3,000 people to return from hospital to comfortable and safe homes, and our in-person support activities grew by 79% on the preceding year.

This return to in-person support is indeed something to celebrate, with the full reopening of our community centres at Caxton Hall and Century Court supporting 250 older people . Our East End Friends programme has also expanded to include supporting people to gain digital skills when needed and we built and supported almost 500 new friendships during the last year.

This is so important in tackling loneliness, which remains a pervasive issue in our boroughs – with modelling by the national Age UK showing that older people in parts of our boroughs have the nation’s highest risk of loneliness.

We trustees are rightly proud of the way that our staff and volunteers have stepped up and significantly increased the impact of the organisation in the last two years. We also recognise the real-life challenges present for vulnerable older people in our community,

and as we now face a massive cost of living crisis it is inevitable that these challenges will continue to increase.

Our priorities for 2023 are to increase the reach and depth of our support to older people across East London, and to enable them to access the support and those connections they choose, in order to ‘live their best lives’. To meet these priorities, we will need to maintain the incredible energy and creativity and ensure the wellbeing of ‘our people’, and create even more meaningful partnerships with sister bodies and other organisations in the communities we serve.

We take this opportunity to say thank you and farewell to Jane Caldwell our CEO of seven years, who departed in July 2022. Jane oversaw our incredible response to the COVID-19 pandemic. Her tenure was a resoundingly positive period for the organisation that saw an increase in size, output and efficiency for the charity. We also want to offer a warm welcome to Andrea Kelmanson, who joins us as our interim CEO.

As ever we are hugely grateful to our commissioners, our funders and the partners who supported our approach and priorities. We are also immensely proud of our staff and volunteers who have continued demonstrating the incredible depths of their kindness in supporting the work of Age UK East London.

Glyn Kyle MBE Chair of Trustees

2 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Why we are here

AUKEL celebrates and supports the voice, influence and contribution of older people across East London. We also work to improve the health and wellbeing of all our residents in later life by providing flexible practical, financial and emotional support in homes, hospitals and in the community.

~~Our operating principles~~

We hold ourselves accountable to our values which have been co-produced by our staff, volunteers, board and the older residents that we work alongside.

81% of our staff live locally in East London and together they speak 22 different languages .

Our staff and volunteers are our biggest asset and we prioritise making our workplace a positive environment and supporting wellbeing at all times.

“It is rare that you go to a work place and you are accepted as you are, which is what I have felt being here at Age UK East London. From day one you have all made me feel so welcome and I will always carry that experience with me in life.”

Carol Parkinson,

Tower Hamlets Connect service

Last year we also supported student social workers and have welcomed young people from the Kickstart programme.

“Honestly one of the best placements, you guys made me feel so welcome and treated me like one of your own! I have learnt something from everyone, lessons that will be beneficial to me in my future prospects in social work!”

Nabila Mao, Social work student

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2021

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~~Our impact and key achievements~~

5 Years of progress – Income and Reach 2017–2022

2017 2022 % increase

Income

People reached

£1,968,827 £3,027,786 54% ↓ 6,000 22,477 274% ↓

The cost per person reached has reduced from £328 to £135 ↑

Over 5 years this represents an increased efficiency of 58% and, without making cuts or compromising quality, this has helped us to support considerably more residents.

~~Our Circle of Wellbeing and the impact we make~~

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Power
Voice and
influence
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Wellbeing
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Money
Reducing
poverty
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Community
Independence
Building and
Choice and
belonging
support
Connection
Equality of access to
services
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Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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Member of the Older Persons Forum

Power Voice and influence

Money Reducing poverty

In 2021-22 we secured £3.1million for older people by making sure they were claiming everything they are entitled to.

The boroughs we work across have the highest levels of income deprivation for older people in the entire country. Tower Hamlets has the worst pensioner poverty in the country at 44% . Hackney has the second worst levels and Newham the third.

“We don’t have power by ourselves”

During the pandemic we kept in touch with over 1,000 members of our three Older Persons Forums in Hackney, Tower Hamlets and Newham. We sent out 6,156 newsletters and 3,204 e-bulletins. During the pandemic these communications, written by members, provided older people with invaluable information about staying safe and getting the support they needed.

As we are coming out of the crisis members are beginning to meet regularly to raise their voices and influence decision makers, shape services, keep up to date and socialise with their peers.

Against this backdrop we deliver advice in our centres, in GP surgeries, in hospitals and in people’s homes where mobility is a barrier to access. During lockdown we also delivered advice in the hotels assigned to rough sleepers and people discharged from hospital who were unable to return safely to their homes. In total 1,819 people were supported.

This year we also provided 1,170 hours of advocacy to older people to enable them to independently challenge and navigate their way through the problems they have been struggling to solve.

6 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Independence Choice and support

Following hospital discharge our re-admission rate for our clients after 30 days is just 5.5% compared to a national average of 15%.

ground when we need a quick, accurate and honest appraisal of someone’s own home and its suitability as a discharge destination. In our daily discharge meeting it is very often Kate who says “we could do that”, so together with her Age UK colleagues she has become a vital part of how we work’.

Simon Cole, Head of Integrated Discharge Service, London Borough of Hackney and Homerton Healthcare NHS Foundation Trust

The focus of our work in hospitals and in homes is to enable older people to live as independently as possible for as long as possible. Supporting safe discharge from hospital and avoiding re-admission has always been a priority. During the pandemic it became even more critical to support safe discharge of patients and reduce pressure on the NHS. Last year we supported 4,025 patients across East London to leave hospital as soon as possible and return home to focus on their recovery.

‘Our approach to the challenges of the pandemic in Hackney has been all about teamwork but like any great team we have some star players and Kate, your hospital coordinator, is truly one of ours. Kate is often our eyes on the

Our Handyperson service helped 1,968 people make their homes safer as the pandemic persisted. They fitted grab rails, key safes, installed hospital beds, secured trip hazards like loose carpets, and plugged draughts.

We also kept in contact with all older people we were concerned about making 1,044 welfare calls over the last year.

‘I am fortunate to have this kind of genuine respect and support, I don’t know where I would be without the support of Age UK East London. Your organisation is definitely needed for older people and I hope it continues for many years to come.’

Mr B, Tower Hamlets

Connection Equality of access to services

96% of clients are more confident in using IT as a result of our services.

Across our boroughs older residents have always faced barriers in accessing the right services and information. During the pandemic digital poverty became life-critical. In response we introduced a digital buddy volunteer service together with a phone and tablet devices library, to support older people to connect. We now have 170 digital buddy relationships working together across East London to increase access to online information and services.

Access to services is at the heart of our successful City Connections and Connect Newham models, and in 2021 we introduced the Tower Hamlets Connect service. This ambitious model sees us leading a consortium of nine local organisations, working with local health and social care partners across the borough to provide residents with the right help at the right time through communitybased appointments, a helpline and online resource. Collectively these projects supported 9,301 people in the period.

9,000 people helped by the Connect service

100% 94% improved at finding improved their online information online communication skills

8 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Community Building and belonging

95% of older people participating in our East End Friends project said they felt more optimistic about the future and 90% said they felt less isolated and closer to others.

Our East End Friends projects together with our local events and activities aim to bring communities together to share sociable company and forge friendships. In turn, this helps prevent isolation and loneliness, which are at some of the highest levels in the country in our boroughs. This year we supported 494 East End Friends partnerships to share conversations and good company through phone calls and visits.

“If COVID has taught us all one thing it is how important it is to give time (perhaps our most precious gift) to listen, understand and assist those that are fighting loneliness and missing out on the daily contact that perhaps sustained them.”

Volunteer , East End Friends

As we emerged from lockdowns we increased our social activities by

79%

Back at last – Fridays at our community centre in Bow, East London

Our Caxton Hall community space welcomes everyone over 50. It’s a place to meet neighbours and new friends, learn important skills, and have fun. Working alongside older people, the centre offers popular IT classes, sociable lunches, exercise classes, events, day trips and information and advocacy services. This directly helps tackle social isolation and loneliness. During and following the pandemic Caxton Hall continued to act as an online space and continued to offer vital services to the community. In the last year events at Caxton Hall have been attended by over 200 people in person and 51 people online.

“Caxton Hall really is a special space for the local community within Tower Hamlets. The team ensure everybody is welcomed and, together with residents, plan a packed and popular programme of activities that offer something for everyone, boosting people’s physical and mental health and wellbeing.”

Simon Shum , Community Service Manager

with including 1,322 230 sessions lunches

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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Local Legend Jay Blades MBE also hosted our annual Big Bingo Bash:

“I was delighted to be a bingo caller for Age UK East London. It was my first time but I didn’t hear any complaints! We had a fantastic afternoon. The pandemic has been tough for all of us, but especially for older people. That’s why I was keen to do my bit and it was so brilliant to see everyone enjoying themselves.”

Jay Blades MBE , loal legend

“Meeting Jay was brilliant. He and the team from the hotel really made sure I was looked after. At the end he even assisted me through the disabled access, which was most kind.”

John W , Bow local

10 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

1920’s Tea Dance

Undoubtedly another high point of the year, our October Tea Dance really was a special day! Held at the beautiful Bethnal Green Town Hall Hotel, and generously sponsored by Swiss RE, old friends and new turned out looking fabulous for a 20’s themed soiree. 60 clients and Age UK East London staff danced the day away to some amazing live music from The Imperial College Jazz Band and ate tea and scones to their hearts’ content. It was the first time many had been able to come together since the lockdowns which made it even more wonderful.

“I enjoyed the event, and it was a jolly day out!” LD

“Loved the band and the 1920 theme plus the free goodie bags were amazing.” BR

“It was nice to meet everyone and catch up with friends you have not seen in so long due to Covid.” LG

Wellbeing

Through the delivery of our services across East London we have improved the wellbeing of over 24,000 residents.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~Our Programmes – Summary List~~

Advice, Information and Advocacy

~~1,819 people supported~~

Home Help and Carers Relief

~~255 people supported~~

Offers support with benefits, housing, financial management and more, helping people understand and secure their rights.

At-home care, tailored to individual needs, providing respite to carers to have much needed time off while the ‘cared for’ individual is properly supported at home.

Take Home and Settle

~~4,025 patients supported~~

Community Centres

~~249 participants~~

Offering practical and emotional support to people who have been in hospital, to help them get home sooner and stay there longer.

Providing activities, lunch and peer group support in Caxton Hall and Century Court.

Social groups and events

~~1,322 sessions, 230 lunches~~

Fun social opportunities for the whole community to come together.

Older Persons’ Forums

~~Over 1,000 members~~

A forum in each of our boroughs, chaired by an elected older person, that give people influence over the health and social care services that they use.

East End Friends

~~494 partnerships~~

Online Community Centre

~~51 participants~~

Matching volunteers with older people living on their own for regular calls or visits at home.

Online community hub that connects residents to our online activities and other resources.

12 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

City Connections

~~248 participants~~

Integrated service including care navigation, carers support, a memory café, to connect City of London residents and workers to relevant services.

Handyperson Repairs

~~1,968 people helped~~

Making adjustments in the home to enable older people to live independently for longer in the place of their choice.

Digital Buddies

~~170 partnerships~~

Connecting people with a digital buddy to improve confidence in using technology and the internet.

LinkAge Plus

~~170 clients~~

Outreach link workers in Tower Hamlets supporting older people to connect to services, activities and resources.

Connector Projects

~~9,301 across boroughs~~

Telephone line for people in Newham to access services and information, as well as a telephone friend.

Welfare Checks

~~2,527 calls~~

Follow up welfare calls and check-ins for all our residents who were worried about being forgotten as the Covid-19 pandemic wore on.

Food Assistance

~~2,933 food packages~~

Assistance with food while national restrictions continued.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~Our Data – residents across our boroughs with support packages~~

We have continued with our commitment to ensure our services are focussed on fairness and, together with our many partners across the boroughs, we continue to focus on reducing inequalities year on year.

Age range of AUKEL clients in 2021-2022

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Under 50 0%
50–59 11%
60–69 20%
70–79 28%
80-89 30%
90–99 11%
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Ethnicity of AUKEL clients in 2021-2022

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White British 46%
Black/ Black British/ Other Black Background 18%
Other 2%
Turkish /Kurdish 1%
Jewish/Jewish British 1%
South East Asian/SE Asian British/East Asian/
Other Asian Background 23%
White: other 2%
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14 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~Safeguarding~~

This year we are pleased to report a 50% reduction in safeguarding concerns raised compared to the previous year. This may be a result of people seeing family and friends again, and having greater access to services. However the challenges faced by older people continue to be complex and varied. We remain vigilant and safeguarding continues to be a priority.

These images show two of the homes we visited of residents admitted to hospital. We worked with these residents to gradually clear, make safe and restore their homes so they could be discharged. Often residents are scared of asking for help fearing they will lose their homes.

11 concerns were raised through AUKEL staff working the front line. All of these concerns related to self-neglect. These included concerns raised relating to self-harm, abuse, and neglect and act of omission by a care agency. Seven of the 11 concerns related to male clients and most were in the 75-89 age group.

Safeguarding Concerns by Borough

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6
5
4
3
2
1
0
Tower Waltham
Hamlets Newham Hackney Forest
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Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~Our funding~~

We would like to sincerely thank all our funding partners who have made it possible for us to increase our impact over the last year:

~~Special thanks~~

A very big thank you to the

Town Hall Hotel in Bethnal Green for donating their beautiful space.

A huge thank you to the best bingo caller in town, Jay Blades MBE .

A special thank you to our food partners who donated so much free food to us:

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~Corporate volunteering~~

We would like to thank all the companies who helped us last year, by sharing skills, putting on events and finding us fabulous volunteers

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~Purpose and aim~~

AUKEL aims to improve the health and wellbeing of all older people and their carers in East London by providing practical and emotional support in their homes, in hospital and in the community.

~~Objectives~~

18 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~Financial review~~

Overview

We are pleased with our end of year position. Our turnover was £3m and we made a £196k unrestricted surplus.

The Age UK East London group made an overall operating surplus in 2022 of £140,591 (2021: £336,123). This operating surplus arose from an income of £3,027,786 (2021: £2,567,438) and an expenditure of £2,887,195 (2021: £2,231,315). Excluding the restricted element of the operating surplus, the unrestricted year end result was a surplus of £196,183 (2021: £295,064), Total funds at 31st March 2021 are £1,251,233 (2021: £1,110,642) of which £1,161,147 were unrestricted (2021 £964,964).

Income

The charity received 97% of its income for its charitable activities, the majority of which relates to local authority contracts, followed by hospital contracts, then grants, then sales income. 1.4% of the charity income was received as donations. Overall income increased by 18% for the charity in the year.

Expenditure

The charity’s expenditure on charitable activities increased by 29% in the year. 73% of total expenditure relates to staff costs. Individual services accounted for 41% of expenditure, with 59% on community services.

Subsidiary entities

The subsidiary entities no longer have any ongoing charitable projects, as all activities have been transferred to Age UK East London as the parent. All assets and liabilities have been transferred to Age UK East London. The net assets at year end of the subsidiary entities were as follows:

Age Concern Hackney, Age Concern Newham and Age Concern Tower Hamlets subsidiaries were duly dissolved on 26th April 2022.

Fundraising

In the last financial year, we did not run any public facing fundraising campaign. We do not outsource or use professional fundraisers and we have received no complaints. We are a member of the Institute of Fundraising.

Reserves

The Trustees are responsible for ensuring that the Charity maintains an appropriate level of reserves to meet future risks and manage cash flow. The Trustees review reserves annually and decide an appropriate level of free reserves mandatory for the governance of the Charity.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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In considering the funds to be retained by the charity, Trustees have been mindful of the fact that AUKEL has substantial fixed costs in terms of staff and premises, and a low diversity of income streams, together with low levels of guaranteed funding beyond one to three years. Additionally, AUKEL does not have a substantial asset base against which to borrow. These indications of higher financial risk have been borne in mind by the Trustees in setting AUKEL’s reserves policy.

Reserves are defined by the Charity Commission as unrestricted funds expendable at the discretion of the Trustees in furtherance of the Charity’s objects. If part of an unrestricted fund is earmarked for a particular project it may be designated as a separate fund, but the designation has an administrative purpose only, and does not legally restrict the Trustees’ discretion to apply the fund.

Future Plans

National pandemic restrictions continued until the end of July 2021. However a ‘return to normal’ is not straightforward for every older person. Many have lost loved ones, or felt their confidence, motivation and physical abilities decline as the pandemic wore on. Our future plans are focused on supporting older people to recover and rebuild their lives as we emerge from the pandemic. In the coming year we will therefore continue to strengthen our connections to the community, expand our capacity and reach, and ultimately become a more resilient organisation as we emerge from the pandemic.

The Trustees reserves policy has been agreed in accordance with the Charity Commission Guidance. The reserves are set to ensure that the charity is operating with sufficient unrestricted funds to avoid financial difficulties in 2023, and has been set to maintain a 3- month minimum operating future costs as unrestricted funds.

Our current budget is £3.1m which would mean we need to maintain £770,000 as unrestricted funds. Our unrestricted amount as of 31st March 2022 is £1,161,147 per SOFA so we are compliant with the policy. The fundraising opportunities during the pandemic allowed for a higher end of year reserve position. The board has recognised that these opportunities are not likely to be repeated and has designated £225,775 to support the organisation to increase its capacity as it grows to meet the increasing needs of the elderly population as we emerge from the pandemic. The remaining fund is prudently held to manage any additional unexpected risk and to replace any fixed assets should this be needed.

Priorities

20 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Principal risks and uncertainties

The Trustee Board systematically reviews risks faced by the charity. An annual assessment is undertaken. Additionally, significant organisational risks are reviewed regularly throughout the year by the Finance Sub Committee, and regular reports are made to the Board as necessary. We have reviewed our Risk register and implemented a new process to manage them more effectively. A series of workshops has been scheduled to update the staff and the management to embed the new process.

Last year we grew our services by 33% by winning a new contract from Tower Hamlets to provide Information and Advice. Data from the first year of delivery evidences a 75% increase in demand against the baseline capacity our model has been based on. We have successfully negotiated additional resource from commissioners to ensure the safety of this service in the short term and continue our discussions on longer term sustainability alongside regular capacity review.

We recognise that there is a risk to staff wellbeing in these times, and in turn, to the productivity of the organisation. We are reviewing our wellbeing initiative to support our staff as we approach the cost of living crisis.

The other two risks for the group are overreliance on statutory funding and the sustainability of paid-for services. We are continuously looking to diversify our funding streams and review our operations to streamline our processes to mitigate these risks.

While our financial stability has improved by successful funding applications over the year, we expect an increased demand for our services and have ensured that all services are fully funded and performance is monitored. We will continue to increase and diversify our funding base.

There has been a change in the leadership and our services are expanding. We are increasingly working in partnership with various local community organisations. This has increased the risks around compliance. Also, we have increased the central functions of the organisation by recruiting additional staff to support the growth with increased staff and services.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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Structure, governance, and management

Age UK East London (AUKEL) was created as a charity in November 2011 and established as a company in June 2011. The charities of Age Concern Hackney, Age Concern Newham and Age Concern Tower Hamlets are linked by a Uniting Direction via common trusteeship issued in December 2011.

We were accepted in September 2012 as a Brand Partner of Age UK, the national charity formed by a merger of Age Concern England and Help the Aged.

Governing Document

The Charity’s operations are governed by its memorandum and articles of association (M&AA) dated 29 June 2011. The constituent charities adopted identical M&AA during December 2011.

Organisational structure

Age UK East London is the parent charity of three subsidiary charities, and a trading subsidiary (all dormant):

– Age Concern Hackney

– Age Concern Newham

– Age Concern Tower Hamlets

– Age Concern Newham Trading Ltd

All four entities share the same Board of Trustees. All staff are employed directly by AUKEL. There are no transactions in the subsidiaries to the parent charity. The three subsidiary charities were dissolved on 26 April 2022.

Decision Making

following will be reviewed by the whole Board: budget, spend, policy, marketing, safeguarding and new projects.

The Board of Trustees

Full Board Meetings are held regularly; bimonthly up to December 2021 and then quarterly. They are attended by all available Trustees, the Chief Executive Officer and Senior Directors. The meetings are minuted by an independent recorder. All reports and papers are submitted at least three days before the meeting. The Board receives reports from all the departments and has an opportunity to ask questions. The Board receives a report from the CEO and has an opportunity to ask questions. Decisions are minuted and taken by a vote of the whole Board. Decisions on the

The Finance Sub Committee

Meetings are held regularly. The Treasurer, other trustees, the CEO and the Finance Director attend. All reports are submitted five days before the meeting. The meetings are minuted and the decisions are shared with all Trustees.

Our Financial Procedures Manual includes a scheme of delegation in relation to budgets, expenditure and other important financial processes and controls.

22 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Chair and CEO meetings

Informal meetings are held between the Chair and CEO weekly. Decisions are circulated to the Board of Trustees by email should they be required.

The Board delegate day-to-day management of the charity, and take advice from the CEO and SMT:

CEO

Jane Caldwell – To June 2022 Andrea Kelmanson – From June 2022

Director of Care and Services Development/Safeguarding Lead Deborah Hayes

Director of Services Larissa Howells

Director of Finance and Operations Geetha Umaasuthan

Appointment of trustees

The Board of Trustees is a skills-based Board, with expertise in all areas that are essential for the breadth of the work of AUKEL. The Chair and CEO regularly review the succession planning on the Board, with the term ends of individual Trustees in mind. New Trustees are advertised through ‘Reach’, a reputable online agency for the voluntary sector, through LinkedIn, and through networks such as The East London Business Alliance and through advertisement on the AUKEL website.

Public Benefit

The Board have due regard for the Charity Commission’s guidance on Public Benefit, taking it into account in all relevant decisionmaking. The report above describes how the Board have carried out the charity’s purposes for the public benefit this year.

Brand Partnerships

Age UK East London is a brand partner of Age UK. The Brand Partner Agreement allows AUKEL to use the brand and to apply for funding from Age UK and for support. AUKEL is therefore restricted to carry out the work of the charity within the three boroughs of Hackney, Newham and Tower Hamlets. AUKEL can work in other areas with the consent of the respective Age UK brand partner, and does not have to discuss with Age UK the work that it delivers or its strategic plan.

We continue to review and improve the trustee recruitment process and update the relevant policies.

Trustee induction and training

During the recruitment process, new Trustees are briefed by the Chair and CEO, including a discussion of their responsibilities and legal obligations. After the recruitment is completed, newly appointed Trustees are invited to meet with each Director and Team Leader and also to visit one of the hospitals where we provide Home and Settle services.

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As part of their induction and training new and potential trustees are provided with documents including the charity’s memorandum and articles, the Charity Commission guidance The Essential Trustee and the Guide to Good Governance. Training sessions on specific areas of interest are provided to trustees by the charity’s professional advisers, most recently on Conflicts of Interest, Data Security & Protection and sessions from the Trustee Exchange. Trustees are provided with opportunities for more in-depth training and guidance from the NCVO and from the national Age UK network, most recently on challenges to older people from winter cold 2022/23. They are also provided with the Staff Handbook, containing the main operating policies of the Charity.

Related parties and relationships with other organisations

As noted above Age UK East London (AUKEL) acts as parent charity to the dormant subsidiary charities of Age Concern Hackney, Age Concern Newham and Age Concern Tower Hamlets, which were dissolved on 26 April 2022. Additionally Age Concern Newham Trading Ltd is a dormant subsidiary, whose cash balance has been consolidated into the group.

AUKEL is a Brand Partner of Age UK, the national charity formed by a merger of Age Concern England and Help the Aged.

Remuneration policy for key management personnel

The Board of Trustees agree the remuneration of the Chief Executive Officer.

The Chair of the Trustees makes a recommendation to the board on the overall level of pay for the CEO on an annual basis. Remuneration for other members of the Senior Management Team is delegated to the CEO within the policy parameters set by the Board.

The Board and the Charity use three principles to ensure pay is proportionate and fair: comparisons within the organisation; comparisons within the sector; and comparisons with organisations of similar size and complexity working in similar environments. Regular assessments of sector pay are completed using openly sourced pay data and salary surveys. Age UK East London aims to pay at the median point of these assessments. The ratio between the highest paid employee and the lowest paid employee is also taken into account.

Annual appraisals are completed. For the CEO, this is completed by the Chair and for other Directors by the CEO. Whilst Age UK East London does not operate performance related pay, performance is used as a guide to where remuneration is set in line with the salary assessments.

24 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

Statement of responsibilities of the trustees

The trustees (who are also directors of charitable company for the purposes of company law) are responsible for preparing the trustees’ annual report 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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 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 financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2022 was 9 (2019: 9). The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Statement as to disclosure to our auditors In so far as the trustees are aware:

The report of the Trustees has been prepared in accordance with the special provisions relating to companies’ regime within part 15 of The Companies Act 2016.

The trustees’ annual report has been approved by the trustees on 24 November 2021 and signed on their behalf by:

Glyn Kyle MBE Trustee (Chair)

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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Independent Auditor’s report to the members of Age UK East London

Opinion

We have audited the financial statements of Age UK East London for the year ended 31 March 2021 which comprise the Trustees’ Annual Report, Statement of Financial Activities, 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 charity in accordance with the ethical requirements that are relevant

to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

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 Trustees’ Annual Report. 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

26 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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. Opinions on other matters prescribed by the Companies Act 2006.

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report (which incorporates the directors’ 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:

Responsibilities of trustees for the financial statements

As explained more fully in the trustees’ responsibilities statement set out on pages 16 and 17, 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.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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Auditor’s responsibilities for the audit of the financial statements

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

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

Based on our understanding of the charitable company and the environment in which it operates, we identified that the principal risks of non-compliance with laws and regulations related to compliance with the regulatory requirements of the Charity Commission, employment law and health and safety regulations, and we considered the extent to which non- compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the Charities Act 2011, and payroll taxes.

We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to recognition. Audit procedures performed by the engagement team included:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

28 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk auditors responsibilities. This description forms part of our auditor’s report.

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.

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.

Kathryn Burton

(Senior statutory auditor) for and on behalf of Haysmacintyre LLP, Statutory Auditor, 10 Queen Street Place London EC4R 1AG Date: 28 September 2022

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Statement of financial activities~~

(incorporating an income and expenditure account)

For the year ended 31st March 2022

----- Start of picture text -----
2022 2021
Unrestricted Restricted Total Total
Note £ £ £ £
Income from:
Donations and legacies 3 43,435 - 43,435 38,066
Charitable activities: 4
– Individual Services 1,003,993 91,983 1,095,976 1,260,769
–
Community Services 1,327,060 530,472 1,857,532 1,200,950
Investment income 24 - 24 37
Other income 30,819 - 30,819 67,616
Total income 2,405,331 622,455 3,027,786 2,567,438
Expenditure on:
Charitable activities: 5
– Individual Services 1,091,134 80,382 1,171,516 1,262,125
–
Community Services 1,118,014 597,665 1,715,679 969,190
Total expenditure 2,209,148 678,047 2,887,195 2,231,315
Net income for the year 6 196,183 (55,592) 140,591 336,123
Transfers between funds - - - -
Net movement in funds 196,183 (55,592) 140,591 336,123
Reconciliation of funds:
Total funds brought forward 964,964 145,678 1,110,642 774,519
Total funds carried forward 1,161,147 90,086 1,251,233 1,110,642
----- End of picture text -----

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.

30 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~AGE UK EAST LONDON~~

~~Balance sheet~~

As at 31st March 2022

----- Start of picture text -----
2022 2022 2021 2021
Note £ £ £ £
Fixed assets:
Tangible assets 9 33,311 81,065
Investment in shares of
2 2
subsidiary undertaking
33,313 81,067
Current assets:
Debtors 11 522,427 305,941
Cash at bank and in hand 1,186,095 972,074
1,708,522 1,278,015
Liabilities:
Creditors: amounts falling 12 490,602 239,047
due within one year
Net current assets 1,217,920 1,038,968
Total assets less
1,251,233 1,120,035
current liabilities
Creditors: amounts falling 13 - 9,393
due after one year
Total net assets 1,251,233 1,110,642
Funds 15
Restricted funds 90,086 145,678
Unrestricted funds:
– Designated funds 225,775 602,432
– General funds 935,372 362,532
Total unrestricted funds 1,161,147 964,964
Total funds 1,251,233 1,110,642
----- End of picture text -----

The financial statements have been approved and authorised for issue by the trustees on 28th September 2022 and signed on their behalf by:

Julia Cassimo , Trustee

Glyn Kyle , Trustee

The attached notes form part of the financial statements. Company registration no. 07687015 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

31

~~AGE UK EAST LONDON~~

~~Statement of Cash Flows~~

For the year ended 31st March 2022

----- Start of picture text -----
2022 2022 2021 2021
Note £ £ £ £
Net cash provided by
17 242,711 352,949
operating activities
Cash flows from investing
activities:
– Interest from investments 24 37
– Purchase of fixed assets (28,714) (60,082)
Cash (used in)
(28,690) (60,045)
investing activities
Change in cash and cash
214,021 292,904
equivalents in the year
Cash and cash equivalents
972,074 679,170
at the beginning of the year
Cash and cash equivalents
1,186,095 972,074
at the end of the year
----- End of picture text -----

Analysis of net debt

----- Start of picture text -----
At 1 April 2021 Cash flow At 31 March 2022
£ £ £
Cash at bank and in hand 972,074 214,021 1,186,095
Total 972,074 214,021 1,186,095
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2021

1 Accounting policies

General information: Company number: 07687015 Charity number: 1144535 Registered in England and Wales Registered Office: 82 Russia Lane, London E2 9LU Limited by Guarantee

a) Basis of preparation

The financial statements have been prepared in accordance with the Companies Act 2006 and the Statement of Recommended Practice for Charities (SORP 2015) Second Edition, effective 1 January 2019.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include the confirmation of the going concern status of the subsidiary charities and company. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. We have generated additional funding during the period of the pandemic however all-new operational activities are fully funded and do not affect the going concern of the charity. In reaching our conclusion, the trustees have reviewed budgets and cash flows covering 12 months from the date of sign off.

c) Income

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

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ 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

is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

The charity receives the head office premises on Russia Lane as a gift in kind, but is unable to value this reliably.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2021

funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

h) Allocation of support costs

Support costs are those departmental functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, and payroll costs. Support and governance costs have been allocated between Individual and Community services. The bases on which support costs have been allocated are set out in note 5.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Leasehold property straight line over the on cost
lease period
Furniture and 25% on cost
office equipment
Computer equipment 33.33% on cost
Building Improvements 25% on cost
Motor Vehicles 33.33% on cost

k) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

m) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

n) 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.

o) Pensions

The company operates a defined contribution pension scheme on behalf of its employees. Contributions are charged to the Statement of Financial Activities in the period in which they are payable.

p) Critical accounting judgements and estimates and key sources of estimation uncertainty

In the application of these accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2021

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on management’s best knowledge of the amount, events or actions, actual results may ultimately differ from those estimates. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects current and future periods. The trustees consider the following items to be areas subject to estimation and judgement:

Depreciation:

The useful economic lives of tangible fixed assets are based on management’s judgement and experience. When management identifies that actual useful economic lives differ materially

from the estimates used to calculate depreciation, that charge is adjusted retrospectively. Although tangible fixed assets are significant, variances between actual and estimated useful economic lives will not have a material impact on the operating results. Historically, no changes have been required.

Legacies:

Accruing for income derived from legacies where complicated issues surrounding the measurement of the group’s entitlement to income existed at the year-end. There have been no legacy recognition or measurement requirements this year.

In the view of the Trustees , no assumptions concerning the future or estimation uncertainty affecting assets or liabilities at the balance sheet date are likely to result in a material adjustment to their carrying amounts in the next financial year.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

2. Detailed comparatives for the statement of financial activities

----- Start of picture text -----
2021 2021 2021
Unrestricted Restricted Total
£ £ £
Income from:
-
Donations and legacies 38,066 38,066
Charitable activities:
– Individual Services 1,084,629 176,140 1,260,769
–
Community Services 590,051 610,899 1,200,950
Investment income 37 - 37
Other income 67,616 - 67,616
Total income 1,780,399 787,039 2,567,438
Charitable activities:
– Individual Services 1,098,153 163,972 1,262,125
– Community Services 396,702 572,488 969,190
Other - - -
Total expenditure 1,494,855 736,460 2,231,315
Net income for the year 285,544 50,579 336,123
Transfers between funds 9,520 (9,520) -
Net movement in funds 295,064 41,059 336,123
Total funds brought forward 669,900 104,619 774,519
Total funds carried forward 964,963 145,678 1,110,642
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

3. Income from donations and legacies

----- Start of picture text -----
2021 2020
Current year Unrestricted Restricted Total Total
£ £ £ £
Donations 43,435 - 43,435 38,066
Gift in kind - - - -
Legacies - - - -
43,435 - 43,435 38,066
----- End of picture text -----

----- Start of picture text -----
2020 2019
Prior year Unrestricted Restricted Total Total
£ £ £ £
Donations 38,066 - 38,066 10,008
Gift in kind - - - 10,008
Legacies - - - -
38,066 - 38,066 10,008
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

4 Income from charitable activities

----- Start of picture text -----
2022 2021
Individual Services Unrestricted Restricted Total Total
£ £ £ £
City & Hackney Homerton Home & Settle 299,309 625 299,934 233,762
Newham Home & Settle 111,137 16,373 127,510 110,371
Whipps Cross Home & Settle 153,023 625 153,648 300,008
Royal London Take Home and Settle 137,500 1,029 138,529 114,000
- -
Mc Millan Cancer pathways 51,267 51,267
-
Food grants 28,000 28,000 57,227
Covid 19 funds - 1,143 1,143 47,746
- - -
Vehicle grants 28,500
LBTH
– Carers Relief Service - - - 12,627
– Carers' Flexi Break - - - 3,552
– Home Help 33,086 - 33,086 20,089
– Personal Budgets Home Help - - - 1,990
– Handy Person's Service 36,227 7,718 43,945 78,329
– Emergency Carer respite Service - - - 914
– Last years of life 91,500 - 91,500 91,500
- - -
London Borough of Waltham Forest – Home help 4,424
-
LB Havering, Havering at Home Service/Handyperson 90,945 90,945 101,043
Newham Handyperson Service - - - 12,020
-
E.ON Handyperson 18,990 18,990 10,260
-
Energy Redress 17,480 17,480 32,407
Total for Individual Services 1,084,629 91,983 1,095,976 1,260,768
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

4 Income from charitable activities (cont.)

----- Start of picture text -----
2022 2021
Community Services Unrestricted Restricted Total Total
£ £ £ £
-
Toynbee Hall – Link Age Plus 137,416 137,416 137,027
Century Court 45,519 7,599 53,117 45,150
- - -
Sparko 2,015
Digital Programme 40,000 63,716 103,716 151,909
City Connections 200,000 16,415 216,415 214,000
-
Empower Project 23,294 23,294 8,383
LBTH Caxton 3,955 106,055 110,010 107,328
Mental Health Connector 30,900 - 30,900 20,601
City & Hackney ORPG 29,824 4,700 34,524 44,854
Newham ORPG 23,081 - 23,081 23,000
Tower Hamlets ORPG 60,875 - 60,875 56,000
- -
Connect Hackney 199,726 199,726
-
LBTH Befriending Service 71,640 71,640 9,333
-
LB Hackney 13,488 13,488 146,418
Hackney Information & Advice 200 129,250 129,450 31,647
-
RBS project Newham information & advise 36,500 36,500 87,897
LHTH Information & Advise 542,076 39,000 581,076 87,551
E.ON Benefits check - 32,302 32,302 27,838
Total for Community Services 1,327,060 530,472 1,857,532 1,200,950
Total income from charitable activities 2,331,053 622,454 2,953,507 2,461,719
----- End of picture text -----

Community services: Digital Programme grants include the following funds: £7,000 from French Huguenot Church of London Charitable Trust and £12,000 from Vodafone Limited/Age UK for Vodafone Digital Champions Programme. Caxton Hall grants include £9,685 from National Lottery Charities Fund Awards for All. City Connections grants include £10,000 from St Andrews Holborn. Information & Advice grants include £9,000 from City Bridge Trust, the funding arm of the City of London Corporation’s charity, Bridge House Estates (1035628).

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

4 Income from charitable activities (cont. – prior year comparatives)

----- Start of picture text -----
2021 2020
Individual Services Unrestricted Restricted Total Total
£ £ £ £
City & Hackney Homerton Home & Settle 233,762 - 233,762 161,353
Newham Home & Settle 110,371 - 110,371 111,345
- -
Whipps Cross Home & Settle 300,008 300,008
- -
Food grants 57,227 57,227
Covid 19 funds - 47,746 47,746 -
- -
Energy Redress 32,407 32,407
- -
Vehicle grants 28,500 28,500
LBTH
– Carers Relief Service 12,627 - 12,627 36,490
– Carers’ Flexi Break 3,552 - 3,552 -
– Home Help 20,089 - 20,089 22,592
– Personal Budgets Home Help 1,990 - 1,990 24,370
– Handy Person's Service 78,329 - 78,329 73,281
– Emergency Carer respite Service 914 - 914 -
– Last years of life 91,500 - 91,500 91,500
-
London Borough of Waltham Forest – Home help 4,424 4,424 17,578
- - -
Paid for Handyperson 65,794
-
E.ON Handyperson 10,260 10,260 3,600
- -
Newham Handyperson Service 12,020 12,020
-
LB Havering, Havering at Home Service/Handyperson 101,043 101,043 90,257
-
Royal London Take Home and Settle 114,000 114,000 115,423
Total for Individual Services 1,084,629 176,140 1,260,769 813,583
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

4 Income from charitable activities (cont. – prior year comparatives)

----- Start of picture text -----
2020 2019
Community Services Unrestricted Restricted Total Total
£ £ £ £
-
Toynbee Hall – Link Age Plus 137,027 137,027 138,499
-
Century Court 45,150 45,150 47,301
- -
Sparko 2,015 2,015
-
Digital Programme 1,000 150,909 151,909
City Connections 200,000 14,000 214,000 201,270
- -
Empower Project 8,383 8,383
LBTH Caxton 243 107,085 107,328 98,706
Mental Health Connector 20,601 - 20,601 -
City & Hackney ORPG 27,700 17,154 44,854 47,700
Newham ORPG 23,000 - 23,000 20,000
Tower Hamlets ORPG 56,000 - 56,000 56,000
- - -
Connect Hackney 21,250
-
LB Hackney 9,333 9,333 4,647
Hackney Information & Advice 2,100 144,318 146,418 127,192
-
RBS project Newham information & advise 31,647 31,647 64,102
LHTH Information & Advise 67,897 20,000 87,897 127,721
-
LBTH Befriending Service 87,551 87,551 49,502
E.ON Benefits check - 27,838 27,838 17,980
Total for Community Services 590,051 610,899 1,200,950 1,021,870
Total income from charitable activities 1,674,680 787,039 2,461,719 1,835,453
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

5 Analysis of expenditure

----- Start of picture text -----
Charitable activities Total Total
Basis of Individual Community Support Governance 2022 2021
allocation Services Services costs costs
£ £ £ £ £ £
Staff costs Direct 763,953 915,171 436,050 2,115,174 1,782,693
Activities and Direct
57,232 91,918 149,150 97,426
events
Consultants and Direct
18,497 311,072 38,969 368,538 91,602
professional fees
Volunteers costs Direct - - - -
Premises Space 83,247 83,247 86,039
General office
Staff time 20,917 20,917 23,842
costs
Communication
Usage 57,711 57,711 78,788
and computers
Other support
Usage 67,730 67,730 55,432
costs
Audit Direct 15,675 15,675 12,035
Governance and
Staff time 9,053 9,053 3,458
trustees
839,682 1,318,161 704,624 24,728 2,887,195 2,231,315
Support costs 320,583 384,040 (704,624) - -
Governance costs 11,251 13,478 (24,728) 0 0
Total expenditure 2022 1,171,516 1,715,679 - - 2,887,195 2,231,315
Total expenditure 2021 1,262,125 969,190 - - 2,231,316
----- End of picture text -----

Of the total expenditure, £2,209,147 was unrestricted (prior year: £1,494,855 ) and £678,047 was restricted (prior year: £736,460 ).

42 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

5 Analysis of expenditure (- prior year comparatives)

----- Start of picture text -----
Charitable activities Total Total
Basis of Individual Community Support Governance 2020 2019
allocation Services Services costs costs
£ £ £ £ £ £
Staff costs Direct 777,096 576,130 429,467 1,782,693 1,472,763
Activities and Direct
74,882 22,544 97,426 81,865
events
Consultants and Direct
5,946 60,128 25,528 91,602 11,791
professional fees
Volunteers costs Direct - - - 2,273
Premises Space 86,039 86,039 92,976
General office
Staff time 23,842 23,842 67,399
costs
Communication
Usage 78,788 78,788 63,599
and computers
Other support
Usage 55,432 55,432 48,943
costs
Audit Direct 12,035 12,035 11,435
Governance and
Staff time 3,458 3,458 5,417
trustees
857,924 658,802 699,096 15,493 2,231,315 1,858,461
- -
Support costs 395,438 303,658 (699,096)
Governance costs 8,763 6,730 (15,493) - -
Total expenditure 2021 1,262,125 969,190 - - 2,231,315 1,858,461
Total expenditure 2020 1,269,544 588,917 - - 1,858,461
----- End of picture text -----

Of the total expenditure, £1,494,855 was unrestricted (prior year: £1,649,504 ) and £736,460 was restricted (prior year: £208,957 ).

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

43

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

6 Net income / (expenditure) for the year

----- Start of picture text -----
This is stated after 2022 2021
charging / (crediting) £ £
Operating lease rentals:
–
Property 52,467 56,653
–
Other equipment 6,178 8,916
Finance lease interest
Depreciation 62,666 54,603
Auditor's remuneration:
– Audit fees – excluding VAT 11,600 10,600
132,911 130,772
----- End of picture text -----

7 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

----- Start of picture text -----
Group staff costs 2022 2021 2022 2021
were as follows: £ £ No. No.
Salaries and wages 1,793,906 1,518,488 £70,000–£79,999 1 1
Social security costs 157,369 128,591
Key management personnel - payroll costs were
Pension cost – defined contribution 91,879 40,559 £302,298 in 2021-22, and £234,249 in 2020-21.
No remuneration paid to trustees during the
Temporary staff cost 27,087 -
year. ( 2020 : Nil)
Redundancy and termination costs 25,962 3,118
Staff numbers
Other employee support costs 18,970 91,937
The average number of employees (head count
2,115,173 1,782,693
based on number of staff employed) during the
----- End of picture text -----

The average number of employees (head count based on number of staff employed) during the year was as follows:

One employee on the payroll received remuneration in excess of £60,000 per year.

----- Start of picture text -----
2022 2021
No. No.
Charitable activities 66 62
Support 8 7
74 69
----- End of picture text -----

44 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

8 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

9 Tangible fixed assets

----- Start of picture text -----
Motor Office Computer Leasehold
Vehicles equipment equipment property Total
£ £ £ £ £
Cost
At the start of the year 48,997 83,050 23,274 280,518 435,839
Additions in year 17,352 - 11,362 - 28,714
Disposals in year (20,703) - - (278,090) (298,793)
At the end of the year 45,646 83,050 34,636 2,428 165,760
Depreciation
At the start of the year 16,332 66,257 15,883 256,302 354,774
Charge for the year 15,215 16,793 7,482 23,176 62,666
Eliminated on disposal (6,901) - - (278,090) (284,991)
At the end of the year 24,646 83,050 23,365 1,388 132,449
Net book value
21,000 - 11,271 1,040 33,311
at the end of the year
At the start of the year 32,665 16,793 7,391 24,216 81,065
----- End of picture text -----

All of the above assets are used for charitable purposes.

Within office equipment is our telephone system which is held under finance lease from February 2018.

Current year

At year end the net book value of the telephone system is £1 after accumulated depreciation of £66,257 plus depreciation charged in the year of £16,794.

Prior year

At year end the net book value of the telephone system is £16,541 after accumulated depreciation of £44,989 plus depreciation charged in the year of £20,510 .

All of the above assets are used for charitable purposes.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

45

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

10 Subsidiary Companies (dormant)

The following are subsidiary entities of the charity but were all dormant in the current and the prior years. On this basis group accounts have not been prepared.

Age Concern Newham

A summary of the trading results for the year ended 31 March 2022 is set out below. Financial statements of the subsidiary are filed with the Registrar of Companies, Company No. 2467663, registered office 655 Barking Road, London E13 9EX.

Age Concern Hackney

A summary of the trading results for the year ended 31 March 2021 is set out below. Financial statements of the subsidiary are filed with the Registrar of Companies England and Wales, Company No. 03346199, registered office 22 Dalston Lane, London E8 3A2.

Age Concern Newham Trading Ltd

This is a subsidiary of Age Concern Newham and was dormant for the year. Registed as a company in England and Wales: 02911949. Registered address 655 Barking Road, London E13 9EX.

Age Concern Tower Hamlets

A summary of the trading results for the year ended 31 March 2022 is set out below. Financial statements of the subsidiary are filed with the Registrar of Companies, Company No. 03157634, registered office 82 Russia Lane, London, E2 9LU.

----- Start of picture text -----
Age Concern Age Concern Age Concern Age Concern
Hackney Tower Hamlets Newham Newham
2022 Results and
Trading Ltd
Balance sheet
2022 2022 2022 2022
£ £ £ £
Statement of Financial Activities
Income - - - -
- - - -
Expenditure
- - - -
Net (expenditure) / income
Balance Sheet
Fixed assets - - - -
Current assets - - - 2
Current liabilities - - - -
Net assets / Total funds - - - 2
----- End of picture text -----

46 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

10 Subsidiary Companies (cont.)

----- Start of picture text -----
Age Concern Age Concern Age Concern Age Concern
Hackney Tower Hamlets Newham Newham
2020 Results and
Trading Ltd
Balance sheet
2021 2021 2021 2021
£ £ £ £
Statement of Financial Activities
Income - - - -
- - - -
Expenditure
- - - -
Net (expenditure) / income
Balance Sheet
Current assets - - - 2
Current liabilities - - - -
Net assets / Total funds - - - 2
----- End of picture text -----

Age Concern Newham, Age Concern Hackney and Age Concern Tower Hamlets, having been dormant for the past 6 years, were dissolved on 26 April 2022.

11 Debtors

----- Start of picture text -----
2022 2021
£ £
Trade debtors 434,473 238,237
Other debtors 1,877 1,419
Prepayments 22,230 15,025
Accrued income 63,847 51,260
522,427 305,941
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

47

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

12 Creditors: amounts falling due within one year

----- Start of picture text -----
2022 2020
£ £
Trade creditors 68,947 23,589
Taxation and social security 52,920 34,470
Other creditors 41,602 9,065
Equipment lease 12,437 17,054
Accruals 190,846 133,368
Deferred income (see below) 123,850 21,501
490,602 239,047
2022 2021
Deferred income
£ £
Balance at the beginning
21,501 23,162
of the year
Amount released to income
(21,501) (23,162)
in the year
Amount deferred in the year 123,850 21,501
Balance at the end of the year 123,850 21,501
----- End of picture text -----

13 Creditors: amounts falling due after one year

----- Start of picture text -----
2022 2021
£ £
Obligation under -
9,393
finance leases
-
9,393
----- End of picture text -----

The charity holds a telephone system under finance lease from February 2018.

This is a 5 year lease. The total value of minimum lease rentals payable over the life of the lease is £82,040 .

14 Pension scheme

Pension costs represent contributions paid to a defined contribution scheme as detailed in note 1. The charity does not have any additional pension commitments

Deferred income: income received by the charity in relation to the next financial year.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

48

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

15 Analysis of net assets between funds

----- Start of picture text -----
2022 2021
General
Current Year unrestricted Designated Restricted Total funds Total funds
£ £ £ £ £
Tangible fixed assets 33,311 - - 33,311 81,065
Net current assets 2 - - 2 2
Long term liabilities 902,059 225,775 90,086 1,217,920 1,020,182
Defined benefit pension asset /
- - - - 9,393
(liability)
Net assets at the end of the year 935,372 225,775 90,086 1,251,233 1,110,642
2021 2020
General
Prior Year unrestricted Designated Restricted Total funds Total funds
£ £ £ £ £
Tangible fixed assets 81,067 - - 81,067 81,831
Net current assets 272,072 602,432 145,678 1,020,182 666,241
Long term liabilities 9,393 - - 9,393 26,447
Net assets at the end of the year 362,532 602,432 145,678 1,110,642 774,519
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

49

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

16 Movements in funds

----- Start of picture text -----
At the start Gains & At the end
2022 of the year Income Expenditure Transfers of the year
£ £ £ £ £
Individual Services:
– City & Hackney Homerton Home & Settle - 625 625 - -
– Newham Home & Settle - 16,373 16,373 - -
– Whipps Cross Home & Settle - 625 625 - -
– LBTH Handy Person's Service - 1,029 1,029 - -
– Royal London Take Home and Settle - 7,718 7,718 - -
– Food grants - 28,000 4,231 - 23,769
– Covid 19 funds - 1,143 1,143 - -
– Van funds 12,168 - 12,168 - -
– Energy Redress - 18,990 18,990 - -
– EON Handy person service
12,168 74,503 62,902 - 23,769
Community Services:
– Century Court - 7,599 7,599 - -
– Digital Programme 41,595 63,716 105,311 - -
– City Connections - 16,415 16,415 - -
– Empower Project 2,697 23,294 25,991 - -
– LBTH Caxton 29,964 106,055 102,793 - 33,226
– City & Hackney ORPG - 4,700 4,700 - -
– LBTH Befriending Service - 71,640 71,640 - -
– Hackney Information & Advice - 129,250 129,250 - -
– Newham information & advice 59,254 36,500 62,663 - 33,091
– LHTH Information & Advice - 39,000 39,000 - -
– E.ON Benefits check - 32,302 32,302 - -
133,510 530,472 597,665 - 66,317
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

50

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

16 Movements in funds (cont.)

----- Start of picture text -----
At the start Gains & At the end
2022 of the year Income Expenditure Transfers of the year
£ £ £ £ £
Total restricted funds 145,678 604,975 660,567 - 90,086
Unrestricted funds – Designated funds:
– Cost of closure 392,432 - - (392,432) -
– Newham Befriending - - - 40,000 40,000
– Digital Programme - - - 30,775 30,775
– Development 105,000 - - (35,000) 70,000
– ML refurbishment 15,000 - - - 15,000
– Impact Project 30,000 - - 30,000 60,000
– Scam and Benefit project 50,000 - - (50,000) -
– Property consultancy 10,000 - - - 10,000
Total designated funds 602,432 - - (376,657) 225,775
General funds 362,532 2,405,331 2,226,628 376,657 917,892
Total unrestricted funds 964,964 2,405,331 2,226,628 - 1,143,667
Total funds 1,110,642 3,010,306 2,887,195 - 1,233,753
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

51

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

16 Purposes of restricted funds:

Individual Services
EON Handypersons Service Providing handypersons service
Van fund Purchasing electrical van and use environmentally friendly transport.
Covid and food fund Provision to manage Covid 19 related expenses and cook and distribute food to
older people during the pandemic period.
Last Years of Life Provision of practical and emotional support for residents of Tower Hamlets
who have been diagnosed with a palliative condition including a diagnosis of
dementia. This income is transferred to unrestricted fund to bring in line with
contract terms and conditions.
Community Services
Newham Information & Advice Financial management and advice for older people.
Caxton Provide a lunch club, various activities social and recreational and physical
activities. Information talks as well.
Hackney OPRG To provide older people reference group to the residents of Hackney
Century Court Health and wellbeing activities for the residents of this extra care housing scheme
for older adults with learning difficulties.
Digital Programme Support older people to get and stay online including providing data and loaning
digital devices.
City Connections Link people to health and wellbeing services in the square mile.
Empower Project Funds to recruit and train volunteers in order to raise awareness through
workshops, events and general community engagement, reduce fuel poverty and
to promote energy saving.
Hackney Information & Advice Providing information and advice for older people in Hackney
LHTH Information & Advice Providing information and advice for older people in Tower Hamlets. This income is
transferred to bring it in line with correct service description.
LBTH Befriending Service Visits to older people.
E.ON Benefits check To provide advice to older people to maximise their income.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

52

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

Purposes of designated funds

Cost of closure: Cost of closure represented a fund to cover potential costs of closure, including redundancy, lease and rent commitments etc. Following a review of our reserves policy these funds have been transferred to general reserves. Newham Befriending Funds allocated to support the delivery of the programme Digital Programme Funds allocated to support the delivery of the programme Property consultancy This fund is to be utilised to cover the costs of developing an alternate property strategy to support a new hub-based business model. Impact Project Funds to assess the impact of our services and publicise Food and development Funds to improve growth capacity and invest in providing food to elderly. This fund has been partially reallocated to general reserve. Scam and benefit project Funds to tackle scam and increase benefit to elderly people in East London. Funds have been transferred to general reserve as projects are completed. ML Refurbishment Funds to refurbish the leased Marie Lloyd centre property to be acquired.

Funds allocated to complete the planned outcomes on the Newham Befriending and Digital Programme.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

53

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

16 Movements in funds (cont. – prior year comparison)

----- Start of picture text -----
At the start Gains & At the end
Restricted funds of the year Income Expenditure Transfers of the year
£ £ £ £ £
Individual Services:
– Last year of Life 3,515 - - (3,515) -
– Van fund - 28,500 16,332 - 12,168
– Energy Redress - 32,407 32,407 - -
– EON Handy person service - 10,260 10,260 - -
– Covid and Food fund - 104,973 104,973 - -
3,515 176,140 163,972 (3,515) 12,168
Community Services:
– Newham Information & Advice 59,323 31,647 31,716 - 59,254
– Caxton 30,207 107,085 107,327 - 29,964
– Hackney OPRG - 17,154 17,154 - -
– Sparko - 2,015 2,015 - -
– Digital Programme - 150,909 109,314 - 41,595
– City Connections - 14,000 14,000 - -
– Empower Project - 8,383 5,686 - 2,697
– Hackney Information & Advice 11,574 144,318 149,887 (6,005) -
– LHTH Information & Advice - 20,000 20,000 - -
– LBTH Befriending Service - 87,551 87,551 - -
– E.ON Benefits check - 27,838 27,838 - -
101,104 610,899 572,488 (6,005) 133,510
Total restricted funds 104,619 787,039 736,460 (9,520) 145,678
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

54

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

16 Movements in funds (cont. – prior year comparison)

----- Start of picture text -----
At the start Gains & At the end
Unrestricted funds: of the year Income Expenditure Transfers of the year
£ £ £ £ £
Designated funds:
– Cost of closure 392,432 - - - 392,432
– Food and Development - - - 105,000 105,000
– ML refurbishment - - - 15,000 15,000
– Impact Project - - - 30,000 30,000
– Scam and Benefit project - - - 50,000 50,000
– Property consultancy 10,000 - - - 10,000
Total restricted funds 402,432 - - 200,000 602,432
General funds 267,468 1,780,399 1,494,855 (190,480) 362,532
Total unrestricted funds 669,900 1,780,399 1,494,855 (190,480) 964,964
Total funds 774,519 2,567,438 2,231,315 - 1,110,642
----- End of picture text -----

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

55

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

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

----- Start of picture text -----
2022 2021
£ £
Net income for the reporting period
140,591 336,123
(as per the statement of financial activities)
Depreciation 62,666 54,604
Interest, rent and dividends from investments (24) (37)
Sundries 2,671 0
Surplus on asset disposal 1,738 6,244
(Increase)/ decrease in debtors (216,486) (131,339)
Increase in creditors 251,555 87,354
Net cash provided by operating activities 242,711 352,949
----- End of picture text -----

Total future minimum lease payments under non-cancellable operating leases are as follows:

----- Start of picture text -----
Property Equipment
2022 2021 2022 2021
£ £ £ £
Less than 1 year 55,967 56,653 6,561 5,662
1–5 years 136,340 176,686 4,048 -
Over 5 years - 4,340 - -
192,307 237,679 10,609 5,662
----- End of picture text -----

The charge in the year to the Statement of Financial Activities is £58,645 (2020: £65,569 ).

The Barking Road lease is held in the name of Age Concern Newham, but is paid by Age UK East London.

56 Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

~~AGE UK EAST LONDON~~

~~Notes to the financial statements~~

For the year ended 31st March 2022

19 Pensions

The charity operates a defined
contribution pension scheme
2022
£
Amounts paid in the year
91,879		 2021
£
40,559
Amounts outstanding at the
-		 -
year end, included in creditors

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.

21 Related party transactions

For the whole of the year, the charity was under the control of the Directors and Trustees listed on page 1.

During the year the charity re-imbursed Lucy Bracken, Trustee, £835 against purchasing gift vouchers and cards for staff. (2021: last year the charity re-imbursed Lucy Bracken, Trustee, 25,587 receipted against the purchasing of food and basic essentials for the elderly during the pandemic which we distributed through our hospital discharge services. As a volunteer, Lucy set up an emergency food project to support our most vulnerable elderly residents during the many lockdowns over the past year.)

Teresa O’Connor is a trustee of the charity and her son is employed by the charity. Teresa O’Connor was not involved in the recruitment process for her son and does not have any role in setting remuneration for the charity.

There were no other related party transactions to be disclosed.

Age UK East London / Trustees’ Annual Report for the year ended 31st March 2022

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