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2022-03-31-accounts

Registered Charity No: 1146462 Registered Company No: 07928260

Age UK Berkshire

(a company limited by guarantee) REPORT OF DIRECTORS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Jason Foxwell independent-examiner.net 39 Enfield Road Poole Dorset BH15 3LJ

Age UK Berkshire

CONTENTS

PAGE
Report of the directors 1 - 8
Report of the independent examiner 9
Statement of financial activities 10
Balance sheet 11
Statement of Cash Flow 12
Notes to the financial statements 13 - 22

Age UK Berkshire

Report of the Directors for the year ended 31 March 2022

The directors are pleased to present their report together with the financial statements of the charitable company for the year ending 31 March 2020. This report also represents the trustees' report which is required to be prepared by Part VI of the Charities Act 2011.

REFERENCE AND ADMINISTRATIVE DETAILS

Directors/Trustees: Mr Roger Chester - Chair Mr Paul Chrimes- Treasurer Mrs Sharon Trimby Mrs Jacqueline Hanafin (resigened 01/02/2022) Mr Irwan Owen

The directors are also trustees of the charitable company for the purposes of the Charities Act 2011.

Members, who are also Directors of the charitable company guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total number of such guarantees at 31 March 2022 was 4 (2021: 5).

Company Number: 7928260 (England & Wales) Charity Number: 1146462 Treasurer: Mr Paul Chrimes Registered Office: Unit 119, Broad Street Mall, Oxford Road, Reading, RG1 7QA

Address of operation: Unit 119, Broad Street Mall, Oxford Road, Reading, RG1 7QA

Chief Executive: Mrs Fiona Price Independent Examiner: Jason Foxwell independent-examiner.net 39 Enfield Road Poole Dorset BH15 3LJ Bankers: Barclays Bank, Broad Street, Reading, RG1 4RP CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ

Investment Managers: Quilter Cheviot Asset Management, Long Acre, London, WC2 9RA

1

Age UK Berkshire

Report of the Directors for the year ended 31 March 2022

CHAIRMAN'S STATEMENT

There is no doubt that this organisation has stepped up to the plate over the last three years, overcoming constantly changing environments to seek to provide the maximum levels of support to all those who need support and assistance, including individual clients as well as local authorities and the NHS similarly hamstrung by circumstances. To all members of staff, as well as all our volunteers, on behalf of the Trustees, I extend our grateful thanks and appreciation for their superlative efforts

The necessary focus on service delivery, taking into account the shifting advice and instruction surrounding safeguarding those deemed vulnerable – which applies to virtually all our targeted older population – coupled with the very lean management structure demanded by our income streams and that our back office systems were designed around office based routines, has highlighted a need to operate in a more effective manner. To this end, the Board decided to outsource accounting, management reporting and payroll to an organisation specialising in providing these services to the charity sector. I am pleased to say that we have now completed the handover. The effect is to free up senior management time to maintain and increase service options and provide much improved financial control.

The impact of restating the 2021 SOFA and Balance sheet is £109,052 (restated £619,319 v £510,267). This arises entirely from timing differences related reclassification of income previously included as deferred and associated costs. The well managed move from Huntley House to Broad Street Mall has proved highly successful in raising our profile in the town and local area. We are seeing substantially increased footfall and walk-ins with people needing information, advice support and a chat.

The Treasurer has detailed the accounts in his report; I simply add that, thanks to the generosity of legatees, and the significant efforts of our CEO, Fiona Price and all her staff and volunteers, the charity is in an extremely strong position to meet the increasing challenges we face over the coming years, and the excellent reputation we have attained for providing services continues to open doors.

Roger Chester - Chair Age UK Berkshire

2

Age UK Berkshire

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Age UK Berkshire was incorporated on 30th January 2012 as a company limited by Guarentee and reregistered as a charity, with a new Registered Number, 1146462 and commenced operating on 1st April 2012. Age UK Berkshire was formed from Age Concern Berkshire, which was first set up as a charity in 1964, but which had existed since 1958. The first Trustees were those who signed the memorandum for the formation of the company. Trustees are also directors of the Company Limited by Guarantee, form the governing of Age UK Berkshire and have ultimate responsibility for directing the business of the charity. None of the Trustees have any beneficial interest in the charitable company or any subsidiary. All of the Trustees are volunteers. Trustees are assisted to fulfil their duties by the chief executive and by other advisors, who offer information and assistance in undertaking all their governance tasks. It is the responsibility of the Trustees to meet to make balanced, proportionate and clear decisions about the future of the charitable company, and make all disclosures about the organisation. Through consideration of reports on financial management, income, expenditure, liquidity, investments and of cashflow forecasts for the next twelve months, Trustees gave analysed any risks to the company alongside the strategic plan for growth, and have identified no material uncertainties that cast doubt about the ability of the company to continue as a going concern.

3

Age UK Berkshire

Directors/Trustees' Induction and Training

We regularly complete skills audits to ensure that we have the correct balance of skills in our trustee board. When recruiting trustees, we concentrate on utilising this audit to support any skills/ knowledge gaps. Potential trustees are asked to demonstrate their skills and knowledge for the role. Our trustee induction and training programme ensures that they are equipped with knowledge of the organisation, its activities and aims and have a clear understanding of their role as a trustee.

Our trustee induction programme is in place which includes introduction to the charity and organisation, visiting our services, meeting staff and volunteers. It also includes safeguarding training and training about the role of a trustee (usually delivered by Reading Voluntary Action), we have yearly trustee training in place which covers changes to guidance for trustees and updates on charity commission guidance and support for trustees.

It is the responsibility of the Trustees to make balanced, proportionate and clear decisions about the future of the charitable company, and make all disclosures about the organisation. Through consideration of reports on financial management, income, expenditure, liquidity, investments and of cash flow forecasts for the next twelve months, Trustees analysed risks to the company alongside the strategic plan for growth, and have identified no material uncertainties that cast doubt about the ability of the company to continue as a going concern.

Organisational Structure

The Trustees have delegated day to day management of the charity to the CEO and senior team, However matters such as the recruitment of the CEO: the setting of the strategy: the approval of budgets; the sale or purchase of major assests such as land; the starting and ending of services under local authority contracts or others are reserved for decision by trustees.

4

Age UK Berkshire

Report of the Directors for the year ended 31 March 2022

Network

Age UK Berkshire is a brand partner with Age UK, which was formed in 2009 by the merger of Age Concern and Help the Aged. The trustees of Age UK Berkshire agreed in March 2016 to resign the brand partnership ageement between Age UK and the local charity Age UK Berkshire. This partnership in line with the agreement has been extended until 2024.

Age UK Berkshire is the sole shareholder of Age UK Berkshire Trading Ltd., which is the subsidiary formed in December 2012 in order to trade in non- primary purpose activities and products. All profits from this company are donated to Age UK Berkshire.

Age UK Berkshire works in partnerships with a number of different local organisations . We are part of The Reading Advice Network. We work closely with other Age UK's and Age Concerns across Berkshire and the surrounding counties to ensure that together we are able to respond to the needs of people in later life.

Risk Management

The organisation has a robust risk management procedure in place and this is reviewed and revised by the senior team and trustees on a regular basis. The biggest risk to the organisation is the income received from statutory bodies (both as contracts and grants). We have plans in place to mitigate this over the short and long term, these include: diversification of income, commitment to expanding our fundraising, developing our marketing and communications to enhance our directly sold services and developing new partnerships that add reach or depth to the portfolio of services we provide. Over the last year our risk management and business continuity plan have been utilised fully and implemented in line with COVID 19 pandemic.

OBJECTIVES AND ACTIVITIES

The Charitable objectives of Age UK Berkshire are to relieve older people resident in the county of Berkshire who are in need by providing services, facilities or items calculated to relieve the needs of such persons: such purposes as are charitable accordingly to the laws of England and Wales for the benefit of the public.

5

Age UK Berkshire

Report of the Directors for the year ended 31 March 2022

CEO REPORT- ACHIEVEMENTS AND PERFORMANCE

The COVID 19 pandemic has continued to have an impact on our clients and the work that we do as a charity. Calls to our organisation increased significantly throughout the year, with many queries around what services were available for them to access, concenr around thier frailty and confidence. as a result we worked with partners to set up services to support people as we emerged from lockdown/ COVID these services included reconditioning programmes, Keeping in touch and activities designed to get people out and about. We were particualrly conscious that people with dementia and their carers struggled to get local activities to join and as a result put in an early programme of dementia walks and cafes to offer support and opportunities for carers to take a break.

Our core services remained as previously we were flexible and adaptable in the method and way they were delivered throughout the year, ensuring that support was available to those that needed it.

Information and Advice - we continue to see a significant increase in the support provided to family, friends and individuals with advice on issues that are worrying them, including issues in relation to money, benefits, social services, housing, staying independent. we receive many calls from older people concerned about paying for basics such as food and fuel and the cost of living crisis is a key area of stress and concern for many older people.

Befriending - we help those that are isolated by providing volunteer befrienders to visit. These volunteers also support individuals to access clubs and support to help them stay independent, safe, healthy, strong and active. We support over 150 individuals a month with these services. Throughout this period we have increased our volume of calls and the number of people supported, ensuring that welfare calls were availble to those that needed them and that we 'checked in' regularly to see if other support was needed.

Home From Hospital - we worked closely with Wokingham Borough council to deliver a 'settling in' service and extended support over the winter period to their most vulnerable residents following a hospital stay. In addition due to the pandemic we delivered settling in support to individuals in Reading and West Berkshireproviding friendly support and signposting to additional services to enable them to stay at home for as long as possible.

Help at Home - we know that many older people find it difficult to do things around the home, our help at home services supports with practical elements including shopping, cleaning, laundry and ironing etc. For many clients who are not digitally enabled this service supports with helping them to access information, contact health services and book appointments.

Easyshop - this ever expanding service helps older people access online shopping, even if they do not have a computer. The service is a lifeline for many older people, and the demand for it continues to increase; this is an area that we are expanding and actively seeking volunteers to support. We continues to see an increase in demand.

Ageing Well - we continue to deliver a range of activities to support those in later life to keep mentally and physically fit. We deliver a range of activities including seated yoga, tai chi, singing groups and walking football. Our work in this area has been ket in getting older people active and healthy following the pandemic and it continues to grow with more services being added in new areas.

Handyperson Service - our handyperson service works across Berkshire completing small but necessary jobs. Jobs include fitting grab rails, key safes, supplying and fitting shower seats. The service is chargeable, we work with many local authorities to provide the service so for many it is free at point of contact. this service has been adaptable and has continued to delivered throughout the period.

Our services for those with dementia and their carers continue to grow- our one to one support and monthly dementia meetings which are available to people with dementia and their carers. Our leadership of Dementia Friendly West Berkshire has continued to have real impact and our many services to support People with Dementia and their carers has increased significantly.

6

Age UK Berkshire

Plans for the Future

We aim to continue to extend our reach to ensure that we can offer as many of our services to people throughout Berkshire. This is particularly important for our services that support lonely older people such as Befriending. We are focusing our support and services on key areas including mental health, dementia, practical support, carers and information and advice. We need to continue to be flexible and able to adapt to meet the new and continuing needs of older people throughout the area. Many of our services will focus on joint delivery with like minded partners. we are seeing an increased emphasis on services that work across ages and disabilities, therefore our partnership working to ensure older people in Berkshire are supported will come more into focus going forward.

Throughout the period and for the future, we have been instrumental in feeding back issues and concerns from the people we support to the relevant authorities including Local authorities and health services. We feel it is becoming increasingly important for older peoples voices to be heard and with our local knowledge and networks are well placed to advocate on behalf of those we support to ensure thay get the respect and services they need in later life. We are already working within the new health structure to represent the views of older people in their 5 year strategy, we see this as a key area of influencing going forward. In addition, we will seek to reduce the barriers around older peoples inclusion/ accessibility to areas of need, especially around digital exclusion and emphasizing age as a protected characteristic.

FINANCIAL REVIEW

Treasurers Report

The Charity’s financial position has strengthened further in 2021-22, with net funds increasing by £273,001 to £892,320, placing the Charity in a good position to meet the increasing challenges that will be faced in the coming years.

Total income was similar to that in 2020-21, with a slight reduction of £3,366 (0.4%) to £839,489. The current year’s income includes £295,027 from donations and legacies, for which we are extremely grateful. Income from charitable activities was lower than the prior year, reflecting the continuing impact of Covid on the provision of face-to-face services, particularly during the earlier part of the year, and grants and support received from Age UK National in the prior year. Expenditure increased by 5% to £676,914, including expenses incurred in providing for dilapidations in our old office and the costs of moving to the new office.

Net Income before gains on pensions and investments was a commendable £162,575 for the year (£200,902 in 2020-21). This was boosted by actuarial gains on the defined benefit pension scheme of £85,000 (partially reversing a loss of £109,000 the previous year) and realised & unrealised gains on investments of £25,426 (£113,294 prior year). The overall Net Movement of Funds was an impressive increase of £273,001 (£205,196 in 2020-21).

All comparative figures above are after restating the 2020-21 SOFA and Balance sheet for timing differences for income previously included as deferred and associated costs.

Paul Chrimes- Treasurer

Summary of Directors’ policy regarding risk assessment

Directors have identified the major risks which Age UK Berkshire faces: in summary they are financial loss and/or loss of reputation caused by negligent or wrongful acts or omissions by persons acting on behalf of Age UK Berkshire in serving older people in the community.

Directors acknowledge that there are inevitably risks in all the various areas that Age UK Berkshire assists older people, who are often with disabilities, memory loss or are otherwise very frail. They have considered, and where necessary strengthened, the policies and procedures that are in place. Directors are satisfied that these measures, together with the existing insurance coverage, provide a reasonable mitigation of these risks.

7

Age UK Berkshire

Report of the Directors for the year ended 31 March 2022

Principal Funding Sources

The organisation is funded by statutory authorities, grant funders, clinical commissioning groups and our chargeable services.

Reserves Policy

Age UK Berkshire have seen grant income reduce significantly in recent years and taking full account of the range of services that are now provided to old and vulnerable people, Directors regard as a guideline that reserves, before pension scheme liability, should be sufficient to cover two years fixed costs of the organisation. (These are costs outside the variable costs of providing services which would be wound down on an orderly basis) Similarly and when possible, it is policy to aim to have sufficient funds to give flexibility to cover cash flow, and to maintain adequate working capital.

STATEMENT OF DIRECTORS RESPONSIBILITIES

The charitable company's directors are responsible for preparing the Annual Report and financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors 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 its financial activities for that period. In preparing those financial statements, the directors/trustees are required to:

select suitable accounting policies and apply them consistently; (i)

(iv) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The directors 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 ascertain the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for the prevention and detection of fraud and other irregularities.

In so far as the directors are aware:

(ii) the directors have taken all steps that they ought to have taken to make themselves aware of any relevant accounting information and to establish that the accountant is aware of that information.

The directors 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 legislations in other jurisdictions.

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

This report was approved by the board of directors on …………30th November…..2022 and is signed on their behalf by: -

R Chester (Trustee)

8

Age UK Berkshire

The Independent Examiner's Report to the Directors of Age UK Berkshire

I report to the trustees on my examination of the accounts of Age UK Berkshire (the charitable company) for the year ended 31 March 2022.

Respective responsibilities of the Directors and Examiner

As the trustees of the charitable company (and also the directors for the purposes of the company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charitable company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since the Company's gross income exceed £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA and ACIE, both of which are listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with my examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

MR J P Foxwell Independent-examiner.net

39 Enfield Road, Poole, BH15 3LJ

9

Age UK Berkshire

Statement of Financial Activities

for the year ending 31 March 2022

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2022 2022 2022 2021
Notes £ £ £ £
Income from: restated
Donations 3 295,027 - 295,027 80,204
Investment income 23,497 - 23,497 18,697
Charitable activities 4 463,794 57,171 520,965 743,954
TOTAL INCOME 782,318 57,171 839,489 842,855
Expenditure on:
Cost of activities in furtherance of Charity's objectives 589,851 79,183 669,034 636,374
Cost of Generating Funds 7,880 - 7,880 5,578
TOTAL EXPENDITURE 6 597,731 79,183 676,914 641,952
Net income/(expenditure) before 184,587 (22,012) 162,575 200,902
gains/(losses) on investments
Transfers (4,276) 4,276 - -
Actuarial gain/(loss) on defined benefit pension 85,000 - 85,000 (109,000)
Realised/Unrealised gains on investments 25,426 - 25,426 113,294
Net Movement of funds 290,737 (17,736) 273,001 205,196
Total funds brought forward 601,583 17,736 619,319 414,123
TOTAL FUNDS CARRIED FORWARD 13 892,320 - 892,320 619,319

All the above amounts relate to continuing activities. All gains and losses recognised in the year are included in the Statement of Financial Activities

The notes on pages 11 to 22 form part of these financial statements.

10

Age UK Berkshire

Consolidated Balance sheet as 31 March 2022

Registered Company No: 07928260

Notes
Fixed Assets
Tangible Fixed Assets
8
Investments
9
Current Assets
Debtors
10
Cash at Bank and in Hand
Less: creditors amounts falling due
within one year
11
Net Current Assets
Net Assets before pension liability
Defined benefit pension scheme liability
14
Net Assets
Funds
Unrestricted Funds - general funds
Defined benefit pension scheme liability
14
Restricted Funds
Net Funds
13		 2022
2021
2022
2021
£
£
£
£
restated
restated
18,997
2,829
18,997
2,829
1,019,406
728,363
1,019,406
728,363
Charity
Group
1,038,403
731,192
1,038,403
731,192
236,218
250,009
235,270
249,058
52,604
182,278
53,552
183,229
288,822
432,287
288,822
432,287
(58,905)
(83,160)
(58,905)
(83,160)
229,917
349,127
229,917
349,127
1,268,320
1,080,319
1,268,320
1,080,319
(376,000)
(461,000)
(376,000)
(461,000)
892,320
619,319
892,320
619,319
1,268,320
1,062,583
1,268,320
1,062,583
(376,000)
(461,000)
(376,000)
(461,000)
892,320
601,583
892,320
601,583
0
17,736
0
17,736
892,320
619,319
892,320
619,319

The directors are satisfied that the charitable company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477 and that no member or members have requested an audit spursuant to section 476 of the Act.

The directors acknowledge their responsibilities for ensuring that the charitable company keeps accounting records which comply with section 386 of the Companies Act and for preparing accounts which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its results for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the charitable company.

The accounts have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by the board of directors on………………30th November.….…… 2022 and signed on its behalf by:

…………………………………………..

R Chester (Trustee)

…………………………………………..

P Chrimes (Treasurer)

11

Age UK Berkshire

Statement of Cash Flows and Consolidated Statement of Cash Flows for the year ending 31 March 2022

Operating Activities
Cash generated/(used) in operating activities
Investing Activities
Transfers (to)/from Investments
Purchase of fixed assets
Net Cash used in Investing Activities
Movement in cash
Cash & cash equivalents at the start of the year
Cash & cash equivalents at the end of the year
Cash & cash equivalents at the end of the year		 2022
2021
2022
2021
£
£
£
£
restated
restated
148,822
66,744
148,819
67,695
(250,000)
(250,000)
(28,496)
(648)
(28,496)
(648)
(278,496)
(648)
(278,496)
(648)
(129,674)
66,096
(129,677)
67,047
182,278
116,182
183,229
116,182
52,604
182,278
53,552
183,229
52,604
182,278
53,552
183,229
Charity
Group		 2022
2021
2022
2021
£
£
£
£
restated
restated
148,822
66,744
148,819
67,695
(250,000)
(250,000)
(28,496)
(648)
(28,496)
(648)
(278,496)
(648)
(278,496)
(648)
(129,674)
66,096
(129,677)
67,047
182,278
116,182
183,229
116,182
52,604
182,278
53,552
183,229
52,604
182,278
53,552
183,229
Charity
Group
(648)
67,047
116,182
183,229
183,229

12

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

1 Accounting policies

a General information

Age UK Berkshire is a registered charity, number 1146462, and a charitable company limited by guarantee, number 07928260, incorporated in England and Wales. The address of its registered office is Huntley House, 119 London Street, Reading, RG1 4QA

b Basis of accounting

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The financial statements are prepared in pounds sterling (£) and the figures are rounded to the nearest £.

As noted in the Chairman's Statement, going concern has been discussed and the trustees feel that the changes they have made since the financial year end will allow the Charity to continue as a going concern. A separate income and expenditure account has not been prepared as the information required by the Companies Act 2006 is given in the Statement of Financial Activities and in the notes of the financial statements.

Age UK Berkshire meets the definition of a public benefit entity under FRS102.

c

Income

All income is included in the statement of financial activities when the charitable company is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

d Expenditure

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

13

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

1 Accounting policies (cont'd)

f Fixed assets

Tangible fixed assets are recorded at cost or, where donated, at valuation at the time of acquisition. Depreciation is calculated to write off the book value of each tangible fixed asset over its expected useful economic life as follows:

Fixtures - straight line basis over 6 years Furniture & equipm - straight line basis over 3 years - Computers straight line basis over 3 years

g

Operating lease transactions

Rentals under operating leases are charged to the income and expenditure account as they fall due

h Fund accounting

General funds are unrestricted funds that are available for the use at the discretion of the trustees in furtherance of the general objectives of the charitable company and have not been designated for other purposes

Restricted funds comprise funds that must be used for a specific purpose.

i Pension costs

In respect of some staff the Charity contributes to a superannuation scheme at rates set by the scheme actuary and advised to the Home by the scheme administrator.

j Investments

Investments are included at closing mid-market values at the balance sheet date. Gains and losses on revaluation are taken to the Statement of Financial Activities. Investments are managed by Quilter Cheviot Asset Management, Long Acre, London, WC2 9RA

2 Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. 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 both current and future periods.

There were no judgment or material estimation uncertainties affecting the reported financial performance in the current or prior year.

3 Donations

General donations
Legacies
Gift Aid		 2022
2021
Restricted
Total
Total
restated
£
£
£
£
54,154
-
54,154
44,315
240,853
-
240,853
35,799
20
-
20
90
Unrestricted
295,027
-
295,027
80,204

14

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

Notes to the financial statements for the year ended 31 March 2022
4
Charitable activities (Income):
Grants Contracts and funding provided from
local authorities, charitable trusts & Health Auth.		 Unrestricted
Restricted
2022
2021
£
£
£
£
restated
463,794
57,171
520,965
743,954
-
-
463,794
57,171
520,965
743,954

5 Taxation

The charitable company is exempt from corporation tax on its charitable activities.

6 Total expenditure

Costs of charitable activities
Befriending Service
Money Management Service
Information & Advice
Home from Hospital
Handyperson Service
Home Help Plus
Easy Shop
Active Living
Living Well/Bracknell PIC
Friendly Gardeners Group
Winter warmth programme
Dementia Support
Admin Salaries
Admin Costs
Cultural Commissioning Project
Depreciation and fixed asset retirement
Fixed asset retirement
Smart City Cluster (Call One Challenge)
Examination Fee		 Unrestricted
Restricted
2022
2021
£
£
£
£
restated
26,470
9,654
36,124
20,383
21,930
-
21,930
27,198
21,392
-
21,392
16,685
39,048
-
39,048
48,203
38,019
-
38,019
27,099
84,941
84,941
57,997
10,840
-
10,840
9,406
9,114
-
9,114
1,834
-
-
-
1,295
-
1,668
1,668
1,823
(20,665)
20,665
-
-
44,685
-
44,685
11,002
156,481
156,481
221,463
143,426
5,000
148,426
162,399
565
-
565
6,888
10,175
-
10,175
1,624
1,805
-
1,805
-
42,196
42,196
19,500
1,625
-
1,625
1,575
589,851
79,183
669,034
636,374

15

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

7 Staff costs (Charity)

Staff costs (Charity)
Gross salaries and wages
Social security costs
Pension costs		 2022
£
403,783
21,391
11,145
436,319		 2021
£
327,454
16,949
12,497
356,900

The average number of employees in the period was 41 (2021: 39).

No director/trustee received any remuneration or was reimbursed for any expense in the current and preceding period.

No employee earns in excess of £60,000.

8 Tangible fixed assets - Charity (also comprising that of the group)

Cost
At 01/04/2021
Additions
Disposals
At 31/03/2022
Depreciation
At 01/04/2021
Charge for year
Disposals
At 31/03/2022
Net Book Value
At 01/04/2021
At 31/03/2022		 Fixtures &
Office
Fittings
Equipment
£
£
6,935
7,722
27,483
(7,722)
6,935
27,483
6,389
5,917
546
9,161
(5,917)
6,935
9,161
546
1,805
-
18,322
inc leasehold		 Computer
Equipment
£
24,724
1,012
25,736
24,246
815
25,061
478
675		 Total
£
39,381
28,495
(7,722)
60,154
36,552

10,522
(5,917)
41,157
2,829
18,997

16

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

9
Investments - Charity
Externally managed
Market value at 01/04/2021
Check
######
Additions in the year
Cash Introduced
Disposal proceeds
Realised and unrealised gains
Market value of investments at 31/03/2022
Historial cost of investments
Cash held by investment manager
Total value of investments at 31/03/2022
Investments at market value comprised
UK fixed interest securities
Equities
Alternative Investments
Market value of investments at 31/03/2021		 2022
£
706,095
89,050
250,009
(215,362)
156,844
986,636
903,278
32,770
1,019,406
225,066
605,622
155,948
986,636		 2021
£
581,557
119,894
-
(108,650)
113,294
706,095
571,732
22,268
728,363
182,214
411,654
134,495
728,363

17

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

10
Debtors
Trade debtors
Other debtors
11
Creditors: Amounts falling due
within one year
Accruals
Creditors
Other Creditors		 2022
2021
£
£
restated
234,584
240,189
1,634
9,820
236,218
250,009
2022
2021
£
£
restated
7,892
56,575
13,913
10,850
37,100
15,735
58,905
83,160
Charity		 2022
2021
£
£
restated
234,584
240,189
686
8,869
235,270
249,058
2022
2021
£
£
restated
7,892
56,575
13,913
10,850
37,100
15,735
58,905
83,160
Group		 2022
2021
£
£
restated
234,584
240,189
686
8,869
235,270
249,058
2022
2021
£
£
restated
7,892
56,575
13,913
10,850
37,100
15,735
58,905
83,160
Group
249,058
2021
£
restated
56,575
10,850
15,735
83,160

18

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

12
Movements in funds (Charity)
2022
£
Restricted Funds:
Winter Warmth Survive Winte
-
Grants
17,736
Call One Challenge
Screw Fix Foundation
Twyford Gardeners
Buckinghamshire Charity
Total Restricted funds
17,736
13 Analysis of Net Assets (Charity)
Fixed Assets
Unrestricted general fund
18,997
Pension Fund
Restricted fund
18,997
Balance at
1 April 2021		 Incoming
£
42,196
5,000
1,250
8,725
57,171
Investments
1,019,406
1,019,406		 Expenditure
£
(20,665)
(42,196)
(5,000)
(1,668)
(9,654)		 Transfers from
Unrestricted
Funds
£
-
2,929
418
929		 Balance at
31 March 2022
£
-
-
-
-
-
-
(79,183) 4,276 -
Net Current
(Liabilities) /
Assets
229,917
-
-		 Defined
Benefit
Pension
Scheme
-
(376,000)		 -
Total
2022
1,268,320
(376,000)
-
229,917 (376,000) 892,320

19

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

14 Pensions

The Charity is a member of the Royal County of Berkshire Pension Fund. This is a multi-employer scheme of which the Charity’s share of the underlying assets and liabilities can be identified. The following figures have been taken from the Actuarial Valuation of the scheme carried out by Barnett Waddingham at 31 March 2022

The main assumptions used by the actuary were as follows:

31 March 2022 31 March 2021
Salary increases 4.30% 3.85%
Pension increases 3.30% 2.85%
Discount rate 2.60% 1.95%

From 1 January 2013 the expected return on asset is replaced by a single net interest cost, which will effectively set the expected return equal to IAS19 discount rate.

Pensions (cont'd)
Administration expenses
Change in demographic assumptions
Past Service costs, including curtailment
Experience(loss)/gain on defined benefit obligation
Administration expenses
as reported by Actuary
Net pension asset at
31 Ma
Estimated employer assets
Present value of scheme liabilities
Net pension liability
The reconciliation of assets was:
Opening fair value of scheme assets
Interest on Assets
Return on Assets less interest
Actuarial (losses)/gains
Contributions by employer
Contributions by scheme participants
Benefits paid (est)
The reconciliation of liabilities was:
Opening defined benefit obligation
Service cost
Interest cost
Actuarial gains
Benefits paid
Change in Financial assumptions
Contributions by scheme participants
Pensions (cont'd)
Amounts recognised in the Actuaries
31
Profit and Loss Account
Net return
Restatement of assets to bid value
Net revenue cost
Service cost
Past service cost
Expected return on employer assets
Interest on scheme liabilities
Net interest on defined liability (asset)		 £000
713
(1,089)
(376)
670
13
76
(1)
--
10
8
(63)
713
1,131
26
22
(63)
(35)
--
--
8
1,089
£000
26
--
26
--
--
(1)
(9)
(10)
--
36
rch 2022
March 2022		 £000
670
(1,131)
(461)
615
14
62
9
5
(35)
670
967
14
22
--
(35)
185
(11)
(16)
5
1,131
£000
14
--
14
--
--
(8)
(8)
--
22
31 March 2021
31 March 2021

20

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

15 Advocacy client (Money Management Service)

The charity provides financial advocacy services to older people.

A Barclays client account is maintained to hold monies held on behalf of advocacy clients

16 Reconciliation of net income to net cash used in operations - Consolidated

Net (expenditure)/income
Adjustments for:
Depreciation of tangible fixed assets
Fixed asset retirement
Investment Income
Cost of governance
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Cash (Used) Generated in Operations		 2022
2021
2022
2021
£
£
£
£
restated
restated
162,575
200,902
162,575
200,902
10,522
1,624
10,522
1,624
1,805
0
1,805
0
(23,497)
(18,697)
(23,497)
(18,697)
7,880
5,578
7,880
5,578
13,792
(86,560)
13,789
(85,609)
(24,255)
(36,103)
(24,255)
(36,103)
148,822
66,744
148,819
67,695
Charity
Group		 2022
2021
2022
2021
£
£
£
£
restated
restated
162,575
200,902
162,575
200,902
10,522
1,624
10,522
1,624
1,805
0
1,805
0
(23,497)
(18,697)
(23,497)
(18,697)
7,880
5,578
7,880
5,578
13,792
(86,560)
13,789
(85,609)
(24,255)
(36,103)
(24,255)
(36,103)
148,822
66,744
148,819
67,695
Charity
Group
67,695

Note of Thanks

Age UK Berkshire would like to extend their thanks to their funders and supporters, including:

Wokingham Borough Council West Berkshire Council Reading Borough Council Age UK Screwfix Foundation Berkshire Community Foundation Microsoft NHSCT Charities together Get Berkshire Active Mobbs Memorial Trust Berkshire, Oxfordshire and Buckinghamshire ICB Frimley ICB

Special Thanks to the legators who left money in their will :

Ms Tully K Barron Mrs Maybury D Rennie

21

Age UK Berkshire

Notes to the financial statements for the year ended 31 March 2022

17. Effects of restatement of 2021 Accounts

STATEMENT OF FINANCIAL ACTIVITIES

Income from:
Donations
Investment income
Charitable activities
Expenditure on:
Cost of activities in furtherance of Charities objectives
Cost of Generating Funds
Net income/(expenditure) before gains/(losses)
on Investments and pensions
Actuarial (loss)/gain on defined benefit penssion
Realised/unrealised gains/(loss) on investments
Net movement of Funds
Total Funds brought forward
TOTAL FUNDS CARRIED FORWARD
BALANCE SHEET (CHARITY)
Fixed Assets
Net Current Assets
Defined benefit pension scheme liability
Net Assets
Net Funds		 Original
Restated value
£
£
52,444
80,204
18,697
18,697
562,988
743,954
634,129
842,855
536,701
636,374
5,578
5,578
542,279
641,952
91,850
200,902
-109,000
-109,000
113,294
113,294
96,144
205,196
414,123
414,123
510,267
619,319
731,192
731,192
240,076
349,127
-461,000
-461,000
510,267
619,319
510,267
619,319

The restatement relates entirely to timing differences where transactions were not recognised in the correct financial year.

22