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2021-03-31-accounts

Page
Group trustees' Idirectors'
report		 I —53
Independent auditor's
report		 54- 57
Consolidated statement offinancial activities 58
Consolidated balance sheet 59
Consolidated statement ofcash flows 60
Notes to the financial
statements		 61-81

Registered Registered Charity No: No: 1145196
Company Registration No: 07267880
Head Office: 10Church
Lane
Oldham
OL1 3AN
Trustees / Directors: Alexander
Boyd		 (Chairman)
Zoe Ashton
(Vice Chairman)
Stuart Bailey (Treasurer)
Jill Read
Clint Elliott
John Thomson
Chief Executive: Yvonne Lee
Company Secretary: James Richardson
Principal 8 Registered Office: 10Church Lane
Oldham
OL1 3AN
Auditors: Chadwick
and Company
Chartered
Accountants
Statutory
Auditors
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
Solicitors: North Ainley
34-36 Clegg Street
Oldham
OL1 1PS

Unrestricted Unrestricted Restricted Total Total
funds funds 2021 2020
general designated
Notes
Inc me and e
wmen		 from
Donations
and legacies		 312,082 312,082 11,893
Charitable
activities		 377,452 1,229,691 1,607,143 I 766 442
Activities for generating funds 426,516 426 516 848465
Investments 2,025 2,025 3,898
Trading compensation 79,187 79,187 11,945
Total income and endowments 1,197,262 1,229,691 2,426,953 2,642,643
enditure on:
Raising funds 216 216 726
Charitable
activities		 304,090 1,221,811 1,525,901 1,817,217
Other 624,644 624,644 705,352
Total resources expended 928,950 1,221,811 2,150,761 2,523,295
Net gains/(losses)
on
investments 14 33,937 33,937 (27,389)
Net incoming resources
before transfers 302,249 7,880 310,129 91,959
Gross transfers
between		 funds 23,251 (37,916) 14,665
Net movement
in funds		 325,500 (37,916) 22,545 310,129 91,959
Fund balances at I April 2020 1,350,193 679,559 46,503 2,076,255 1,984,296
Fund balances at 31March
2021 1,675,693 641,643 69,048 2,386,384 2,076,255

2021 2020 2021 2020
Notes Groupf Group Company Company
Fixed assets
Tangible assets 15 1,015,045 1,076,315 1,015,045 1,076,315
Investments 16 290,755 256,819 290,760 256,824
1,305,800 1,333,134 1,305,805 1,333,139
Current assets
Stocks 17 2,500 3,500 2,500 2,500
Debtors 18 147,580 356,490 217,226 377,268
Cash at bank and in hand 19 1,147,751 572,032 1,057,079 545,730
1,297,831 932,022 1,276,805 925,498
Creditors: amounts 20
falling due within one
year 217,247 188,901 196,226 182,381
Net current assets 1,080,584 743,121 1,080,579 743,116
Total assets less current liabilities 2,386,384 2,076,255 2,386,384 2,076,255
Income funds
Restricted funds 21 69,048 46,503 69,048 46,503
Designated funds 22 641,643 679,559 641,643 679,559
Unrestricted funds 22 1,675,693 1,350,193 1,675,693 1,350,193
2,386,384 2,076,255 2,386,384 2,076,255

2021 2020
Notes
Cash flows from operating activities
Cash generated
from operations		 27 575,694 4,782
Investing
activities
Purchase oftangible fixed assets
Interest received		 (2,000)
2,025		 (18,783)
3,898
Net cash generated
from/(used
in)
investing
activities		 25 (14,885)
Net cash used in financing activities
Net increase/(decrease)
in cash and cash
equivalents 575,719 (10,103)
Cash and cash equivalents
at beginning ofyear		 572,032 582,135
Cash and cash equivalents at end ofyear 1,147,751 572,032

2021 2020
Donations
Coronavirus		 and gifts
job retention		 scheme 9,581
302,501		 11,893
312,082 11,893
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Unrestricted Restricted Total Total
funds funds 2021 2020
Shop income 395,617 395,617 773,798
Trading subsidiaries income 30,899 30,899 74,667
Activities for generating funds 426,516 426,516 848,465
For the year ended 31March
2020 848,465 848,465
Unrestricted Restricted Total Total
funds funds 2021 2020
Net loss on disposal oftangible fixed assets 5,912 5,912
Shop expenditure 587,777 587,777 630,764
Community
cafe
Trading subsidiaries		 expenditure 56
30,899		 56
30,899		 2,044
72,544
624,644 624,644 705,352
For the year ended 31 March
2020 705,352 705,352

Subsidiaries
income and expenses
Age UK George
Oldham Street More Total Total
Trading Ltd Chapel Ltd Mobile Ltd 2021 2020
Turnover
from commissions/sales
Bank plus other interest		 30,899 30,899 74,667
Total income 30,899 30,899 74,667
Total expenditure (30,899) (30,899) (72,544)
Net income before~aid 2,123
2021 2020
Income from listed investments
Interest receivable		 1,167
858		 2,791
1,107
2,025 3,898
7 Raising funds
2021 2020
Fun
aisin
an		 ublici
Fundraising
agents		 216 726
216 726
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9 Support costs
Governance 2021 2020
costs
Audit fees 14,000 14,000 14,000
14,000 14,000 14,000
Analysed between
Charitable activities 14,000 14,000 14,000
10 Auditor's remuneration
The analysis ofauditor's remuneration is as follows:
Fees payable to the charity's auditor and associates: 2021 2020
Audit ofthe charity's annual accounts 14,000 14,000
11 Trustees

The average monthly
number ofemployees
during the		 year was:
2021 2020
Number Number
Operational
programmes
Management
and administration		 80
10		 86
10
90 96
Employment costs 2021 2020
Wages and salaries
Social security costs
Other pension costs		 1,398,729
87,426
44,355		 1,482,653
96,228
45,903
1,530,510 1,624,784

2021 2020
Revaluation of investments 33,937 (27,389)

GROUP Freehold Long Office & Fixtures 8r Motor Total
property leasehold daycare fittings vehicles
property equipment
Cost
At
1 April 2020
Additions
Disposals		 751,061 418,562 171,762 92,032
2,000
(8,250)		 217,685 1,651,102
2,000
(8,250)
At 31March 2021 751,061 418,562 171,762 85,782 217,685 1,644,852
Depreciation
and
impairment
At 1April 2020
Depreciation
charged		 in 82,416 75,375 155,049 65,037 196,910 574,787
the year
Eliminated
in respect		 of 13,698 8,371 5,608 13,569 16,111 57,357
disposals (2,337) (2,337)
At 31 March 2021 96,114 83,746 160,657 76,269 213,021 629,807
Carrying
amount
At 31March 2021 654,947 334,816 11,105 9,513 4,664 1,015,045
At 31March 2020 668,645 343,187 16,713 26,995 20,775 1,076,315

(Continued)
COMPANY Freehold Long Office dt Fixtures
dr		 Motor Total
property leasehold daycare fittings vehicles
property equipment
Cost
At I April 2020
Additions
Disposals		 751,061 418,562 171,762 92,032
2,000
(8,250)		 217,685 1,651,102
2,000
(8,250)
At 31 March 2021 751,061 418,562 171,762 85,782 217,685 1,644,852
Depreciation
and
impairment
At 1April 2020
Depreciation
charged		 in 82,416 75,375 155,049 65,037 196,910 574,787
the year
Eliminated
in respect		 of 13,698 8,371 5,608 13,569 16,111 57,357
disposals (2,337) (2,337)
At 31March 2021 96,114 83,746 160,657 76,269 213,021 629,807
Carrying
amount
At 31March 2021 654,947 334,816 11,105 9,513 4,664 1,015,045
At 31 March 2020 668,645 343,187 16,713 26,995 20,775 1,076,315

Shares in UK quoted Total
subsidiaries investments
Cost orvaluation
At I April 2020
Valuation
changes		 256,818
33,937		 256,823
33,937
At 31 March 2021 290,755 290,760
Fair value
At 31March 2021 5 290,755 290,760
At 31 March 2020 5 256,818 256,823

Stocks 2021 2020 2021 2020
Group Group Company Company
Finished goods and goods for resale 2,500 3,500 2,500 2,500
2,500 3,500 2,500 2,500

18 Debtors
2021 2020 2021 2020
Amounts
falling due within		 one year:
Group		 Group Company Company
Trade debtors
Amounts
due		 from subsidiary 68,140 196,218 64,258 186,014
undertakings
Prepayments		 and accrued income 79,440 160,272 75,872
77,096		 33,415
157,839
147,580 356,490 217,226 377,268
19 Cash at bank and in hand
2021 2020 2021 2020
Group Group Companyf Company
Short term deposits
Cash and bank balances		 168,604
979,147		 74,576
497,456		 168,604
888,475		 74,576
471,154
1,147,751 572,032 1,057,079 545,730
20 Creditors: amounts falling due within one year
2021 2020 2021 2020
Group Group Company Company
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred
income		 37,928
63,596
12,179
103,544		 37,830
62,149
14,344
74,578		 37,928
63,348
7,897
87,053		 37,780
60,420
11,844
72,338
217,247 188,901 196,226 182,382

Movement
in funds		 Movement
in funds
Balance at 1 Incoming Resources Transfers Balance at
April 2020 resources expended between 31March
funds 2021
f
Veterans
should not be forgotten
Daycare
Lunch clubs
Life story
Winter pressure
Ambition
forAgeing
Falls programme
Talking about my generation
Nutrition
&,hydration
Choosing the right care
Dementia care &support
Forum for age
Community
development
Out &about
Information
&advice
Care home reviews
PIP project		 27,810
5,040
1,981
1,050
361
261		 20,000
369,265
122,564
22,439
33,870
85,552
10,800
31,154
59,737
21,450
92,423
230,691		 (20,000)
(369,265)
(124,226)
(25,963)
(33,870)
(6,447)
(93,257)
(5,040)
(12,799)
(32,911)
(59,737)
(1,050)
(361)
(261)
(21,450)
(92,423)
(230,691)		 1,662
3,524
7,705
18
1,757		 21,363
HandyVan
/ EON		 39,873 (39,873)
Shopping
services
Men in sheds		 10,000 37,500
52,373		 (37,500)
(14,687)		 47,686
46,503 1,229,691 (1,221,811) 14,666 69,048

Movement
in funds		 Movement
in funds		 Movement
in funds
Balance at Surplus for Transfer to Transfers Balance at
1 April 2020 year restricted between 31March
funds funds 2021
Unrestricted
Designated		 funds
funds		 1,350,193
679,559		 302,249
-		 (14,665)
-		 37,916
(37,916)		 1,675,693
641,643
2,029,752 302,249 (14,665) 2,317,336

Analysis ofnet as sets betwee n
funds
Unrestricted Designated Restricted Total Total
funds funds funds
2021 2021
f		 2021 2021 2020
Fund balances at 31 March
2021 are represented by:
Tangible assets
Investments
Current assets/(liabilities)		 1,015,045
290,756
369,892		 641,643 69,048 1,015,045
290,756
1,080,583		 1,076,315
256,818
743,121
1,675,693 641,643 69,048 2,386,384 2,076,254

2021 2020
Within one year
Between two and five years
In over five years		 27,046
111,214		 27,227
97,484
88,976
138,260 213,687

2021 2020
a
Aggregate compensation 225,702 249,883

Details ofthe charity's
subsidiaries		 at 31March 2021 are as follows:
Name ofundertaking
and country
incorporation
or residency		 of Nature ofbusiness Shares
Class		 held
'/o
Age UK Oldham
Trading Limited
George Street Chapel Limited
More Mobile Limited		 England
England
England		 Liquidation
Events &tours
Liquidation		 Ordinary
Ordmary
Ordinary		 100.00
100.00
100.00
Name ofundertaking Profit/ Capital and
(Loss) Reserves
Age UK Oldham
Trading Limited
George Street Chapel Limited
More Mobile Limited
During
the previous
year More Mobile
process. As at the balance sheet date this		 and Age UK Oldham
process is ongoing.		 Trading Limited started
the		 formal
liquidation
27 Cash generated
from operations		 2021 2020
Surplus for the year 310,129 91,959
Adjustments
for:
Investment
income recognised
in profit or loss
Loss on disposal oftangible
fixed assets
Fair value gains and losses on investments
Depreciation
and impairment
oftangible fixed assets		 (2,025)
5,913
(33,937)
57,357		 (3,898)
27,389
61,227
Movements
in working
capital:
Decrease in stocks
Decrease/(increase)
in debtors
Increase in creditors		 1,000
208,911
28,346		 1,434
(182,393)
9,064
Cash generated
from operations		 575,694 4,782