Charity Reuistrntion No: 1146462 Company R•gl$tr•tlon No: 07928260 (England & Wal•sl Berkshire ageuK AGE UK BERKSHIRE Annual Report & Unaudlted Flnanclal Statements for the year 8nded 31 March 2023 Age UK Berkshira CONTENTS Page Legal & Administrative Information Trustees Annual Report lindudlng DIrect￿5 Report) Independent Examiners Report 10 Statement of Financial Activities 11 Balance Sheet 12 Statement of Cashflows 13 Notes to the Accounts 14-24 Pago 1 Age UK Berkshire LEGAL AND ADMINISTRATIVE INFORMATION Roggr ChgStor Paul Chrimes Sharon Trimby Ipwan ¢knn Jtt Patel Hele￿ Hughes Steve Foster Chair appolnled 11 October 20YJ appolnted 11 OctobBr 2023 appointed 11 October 2023 Chl•f Ex•wl￿O Oftl¢•r Fiona Prk8 Charlty numbgr 1146462 Company numb•r 079282fAI PrfnGip•l addr898 Unll 119 Broad Str88t Ma Oxford Road Reading Bgrkshlre RG17QE Rtylst•r•d offlce Untt 119 Broad Str88t Mall Oxford Road ReadirvJ B8rk8hirg RG17QE Independent examln Toresa Fennell ACMA CGMA It Doesnl Have To Cost The Earth Ltd 47 St Dunstans Clos8 Worcester WR5W Bank• Barclays Bank plc Broad Street Reading B&rkshire RG14RP CAF Bank 25 KSros Hlll Avenua Klng5 HI West Malling Kent ME19 4JQ hw•stm•nt Managgrs Qullier Chevlot Asset Management Long Acre London WC2 9RA Page 2 AGE UK BERKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Tho TN$tses present Iher ￿pOrt ond finan¢01 sts1em￿ts for ts y¢afeNJod 31 March 2023. The accounts have ￿en tffepared In accordance wlth Ihe account1￿ pol￿￿ set (Mjt In Th)te 1 to Ihe a¢¢ounts and Comply Ydith the charltable wmpanys MemeAandum and Artldes of AssoclaU¢Jn. the Compani8s Act 2006. thè FinaneJal R*portlng Standard ap￿1¢￿bIe In the Unlted ￿ngdoM and Republic of Ireland IFRS1021. and 'Acix)unting and Re￿rting by CharIt￿5.. Statement of Recommernled Practlce applicable lo charities preparing their accounts kn ac￿rdance ￿th the Finandal Reporting Standard appllcable In the UK and Republic of I[ela￿j (FRS 102)- IpublL8hgd October 2019). OBJECTIVES AND ACTIVITIES Princlpal obio¢tivo The Charftabla Obl￿t￿￿ ofAge UK 8erkshlr8 aTe to rel￿ve ohJ8r pgoptg rgsvjont in thg county of 8grk¥hre who we in rwd by rKovithng 58rwins. facilities or items ¢al¢ulat8d to rdiev8 Ihe need$ of su¢h person$.. and such putposes as are charitat4e awdirvJ to the laws of England and Wales for the benefft oftr wbliG. In goiro aiNJul our work and e5tsblishing our aiTns and obi6cliv8s, the Tfustees have given careful cxjnsideralion to the Charity Commission'8 guidance on public benefft. We work in partnership and 0)l￿bOratIOn Mth other lo¢*1 thariknes, vc4unt8ry bDdles, statutory authorltles and organlsatlons In oviclng educallon and asslstlng dder people In need by reason of iu-health, disakylity, finandal har(l$hip. scthl exdu$K*b or other dlsadvanlage. Prfnclp•l a¢tlvltl•s 1nftjrmatK￿ & Advic8 on a wid8 rary8 of i5SUe5 aff8ctiTrJ dd8r p8ople, induding welfare b8n•ffts. finance. pensions and sccial care to peoF4e aged 50 or older in Berkshire. theirfamly. friends or carers: Beffiendln9 In Re8dlng. Bracknell and West Berkshlre.. our te8rn of dgdicated and ¢8ring volunteers vlsll cllents In thelr own homes or speak lo them on the ph¢)n8 to provkle companionship and engagement in friendty conversatK)n. We also n<￿ d8liver befriending to those with mikjl moderat8 dementia; Active Living for older people.. helping older peoF46 dlscover naw pastlm88. rO￿n￿& ￿ hobbles and find ngw friends In tholr ￿mmun￿. Carers sup￿1 in West Bgrkshire arKI Wokingham: hdpiThJ caTews look after their own health and wellbeing, ¢onn8¢ting with othgr car¢rs and information and advi¢•. Th1$ seM¢e 1$ delfiv¢red In partn8rship ￿th PTomi88 Indusion and Berkshire Youlh in Woknngham and wth Reading MFNCAP, Communicare and Age UK Reading in West Berkshire arKI Reading. Dementla C(x)TdlnatlM IndudlrvJ Ma￿ng ar8a8 demerrtLq frlendly In WOk1n￿am, Wesl Berkshire and Wind80r and Maiderthead: Demenlia aclmtios for peor4e w￿h domentla th8* orers Induthng cafes, seated gymnasti￿, MCST akNI SIn￿ng groups.. Ew Shop gsslsts wlth onllne grocery shopplvj gmng rgllable gro¢ery shopplng delfvered to thè persons ho￿", Hatherson Service carrying wt a range of small housèhold ryirs arKI mlrTh adaptslons In the ho￿￿ helping maintain independence as much as wibl Page 3 AGE UK BERKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORn loJrtlnued) FOR THE YEAR ENDED 31 MARCH 2023 Prin¢lpal acdvltios (c(mtirn￿d} Home Help Plus to supwrt independent living. vAth the hours agreed te sult the person and the needs, indudiThJ general hOL￿hOld c￿nIng and supporting attendance al appolntments. 8hopF4ng. garden centres or anywhere they would Ilke to go: Home from Hospltal seNic* in partnership wlth Woklngham Bcffough Ccuidl to provlde short temi support in the transltion fmm hosphal back home. IncludlrKJ practlcal support. Irrfom)ation and athice and signposling to ottw relevant services: Dem8ntia support servic8s providing ong(xng on9•t(￿ne support for people wrth memory loss c Irving wth dementia, and allowing peri(xls of respite for carers,. Structure. governance and management The ¢hartty k8 a ¢¢ynpany Ilmlted by guamrrtee Ir1>)￿¢1ated on 30 January 2012 g0Ven￿ by Ms Artides of Assrxtation. Operations commenced on 1 Awil 2012. Age UK Berkshire 74vas formed fr(*n Ag8 Concem Bèrkshiré whlch was first 68tabllshed as a chaty In 1964 but had been In 8xlstence sincg 195& It was rogistor•d 8$ a ch￿ty under tho Ch8riti•s Act 2011 on 26th F0t￿U4ry 2008. None of the Trn￿ee8 have any beneficlal interest in the ch8riteble ¢x)mpany. All of the Tr￿Stee8 a vdunteers. Tru818e8 are 888i8ted to fulfil th￿r dulles by the chtef executive and by olher advbors, who offar infomiation and assk81anc8 in undertaking all th6ir govemance tasks. It18 the rosponsibilty of the Trustees to meet to make balanced. F￿0p¢3rt￿nate and dear decisions 8LK)ut the fuiure of the ¢haIlta￿e ￿mpanY. and make 811 dlse&)sures abc￿rt the organtsalion. Through conslderatlon of r8ports on fl¥Hndal manag8m8nt, Incoma. 8xponditure. Ibquldty. vestmènts and offorecasts for the nexi twefve months, Trustees have analysed any risks to the cornpany alongsKle the 3tralegic Flan for growlh. and ￿ve Klentified no material uncertaiftt￿ that Cast doubt al)out the alAIIty ofthe company to ￿n￿nUe as a gdng ￿n￿ffl. The Trustees, are also lh8 dirothrs ft>r the purpose of company law. and who servgd durlThJ thg year were.. Roger Chester Paul Chrimes Sharon Trimby IfWOn Owen JSt Pa Helena Hughes Steve Fostar Chair Treasurer appointed 11 October 2023 ap[￿nted 11 October 2023 apwlnted 11 October 2023 Tru8t•• Appolntm•n( Induction and Trninlng We rewlarly w￿￿￿te sklls audits to ensure that Wg thg ccffred balanLX of skills in ourtnBtsg b)ard. When re¢rurting trustees. we concentrate on utili5ing audit lo support any skillsl knovAgdgg gaps. Potential tntstg8$ aTe a5kod to d•monstrato th•ir $kill$ an¢J knovA¢dg0 fortho rol•. Our trust8e induction and training programme 8nsures they ale equlpped vAth knowledg@ of the organisation, it8 adiviti68 and akn8 and havè a dèar urwJ8rstsrKJlng of th8lr ro￿ as a Iru8tse. Our trvstee Induct￿ prograrnrr￿ is in F4arE which indudes intrCduCt￿n to the charity and organisation, vislting our seNlees. meetlng staff and vohjnteers. Et 81sts Indudes safeguardlng tr8lnh)g and tralnlThJ 7b)ut the rolo of a trustee. We have yearly trustee tralnlng In pl￿ ￿Eth ¢overn changes to gupJancB for tr￿eS and updates on C￿rity commission guidanr* ar¥J supwt for tru5tO95, Page 4 AGE UK BERKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (continued) FOR THE YEAR ENDED 31 MARCH 2023 Organlsatlonal stru￿re The 8oard of Trustees are responsible making strategic and pdiLy decis￿￿, apFxoval of budgets, the sale or purchase of mBjor assets such as land, arKI the startin￿endIng of seTrices under foc81 authorfty contracts or others. The opgrallonal and daY-￿daY decision5 are made by the Chief Execuuve Offlcer and the sentor Manag￿nent team. Nslwork Age UK Berkshire is a Partn￿ wilh Age UK. wNth was fomied in 2009 by thè merger of Age Concem and Hdp the Aged. The tntsteas of Age UK Borkshlre agreed In March 2016 to re-819n th6 brand partn?￿hip agreement betsveen Age UK and the locd tharity Age UK Berkshire. The bra￿j partnership is currenty under review and a new version is expected in 2024. Age UK Berkshire was the sde shareholder of Age UK Berkshire Tradiw Lld., InC￿K￿te(l i Dgcemter 2012 to trade In non-charrtable aCtIv￿￿5 and products. Proffts from this cx)mpany were donated via gift-aMI to Age UK Bethshire. The nowharitable pury)oses ceased in 2018 as a result of which Age UK 8ed(shire Trading Ltd. bec8me donnant. It has now been dissow 8rKI removed froffl the Regtster of ComF)w¥es telng formalty dlssc4ved on 20 June 2023. Age UK Berkshlrg works in Part￿rshIP th 8 numb9r ol dwlgrent l¢n continued at the levels durirvJ th8 COVID pandemiG wrfh on average 1200 calls a month. Th8 typ8 andlongth of support now Tequlred tends to requlre longer and moro complex Intervontknns for moro Poo￿e as challenges aiise, Parti￿lartY around the cost of living. Our local aLrthorfty comm188loned 8ervrn8 contlnue to grow and ￿Jr fuTrJlng forthese remaln8 relaUv8ly stable, athough with the Increases in ￿$ts {8speclalty stsffing costs) many of these have Seen a real reduction in inwme levels versus Costs. We ￿ntinUe to deliver services to a high standard that offer grgat value for money and oulcomos lo Commissioners, di8nts and thg ggneral publlc. HlghlSghts In thlg porfod Include: Ke8plng In touch Sthvico. a kvolect taklng reforrdls from GP'SI soclal wescrtbers. Urgent and Emergency c8re teams deswJned lo suppcrfl older pwjple for a longer p8ritxI of time- keeping in touch with them- tslking through their i3su881 concems and suppthng them with early 8UPPOrt to prevenu dalay any crisis events in their lives. this project has bean supp￿ted by Wokingham 8¢)r￿gh courril and vdas shorlliBted an MJ award for ts impacL Dgmontl• Frl•ndly- this work continues to grow- Wth Windscf and M8idenhoad the latest 8re8 in Berkshire keen to ensure that people wrth dementkg 8nd their carers can be sUp￿rted by a demerrtia ffiéndly communlty. Ensurlng oJmrnunitl8s. Indlvlduals and busln•s505 undar5tand th8 n8tds of peoplg with dementia and t￿1[ carers is a key focus. We work a wide variety of stakeholder in thg area to improve kno￿0￿ge and understanding of dgmentia to 0￿ure barriers to support are broken down and they feel Indudad In Ihelr local area. Carw8 - as an organisation we have been suKwJrtlng carers for years as we ensure that ￿￿￿t'S famity and friends are supported. This yearthis has baèn fom781is8d with 2 new contracts for supporting carers. We are clear that thi5 cannot be done by us alone and have ensured that w8 havo indusNe expert partnerships lo support carers who are caring for people wth drfferent disabl1￿e5. needs and areas of Support. In the Readkng and We¥t 8erkshwe Garers pathership we deliver ￿ryth Reading MENCAP. Communicarg arKI Age UK Readiw. In Woklngham we dellver wtth Berkshlre Youth and Promise Inth8ion. Malntenance Cognitive Slifflulatlon Thernpy IMCST) and Domantla Activiti8s - in addition to our Wokingham group we have ddivered aN)ther MCST group In West Belkshire. we have qlw worked wRh Britlsh gymnast5￿ to traln local providers and our own tgam lo ddlvgr seatgd gymnast￿ to people with dementia. Our aclivities in this area wnl continue to &xpand and we are keen to try nw events and actiwlies induding a We￿receiVed informal gel together in a local pub. Our dementia café d8lNered in conjunction %Mlh the Reading FC community trust continues to expand and rec4iv8 g￿ve feedbac* from the peo￿9 dementla and Ih8lr carers vtho attend- as a resull we wera dolighted to recehe the Communty Impact Award from Re8dlng FC. Cost of Ilvlng- the numberg cl older people ¢omlng thrc￿h to our lnf0mia￿0n and a￿ce seDAce has risen 46% (2022: 1978 dienls, 2021.1353 d￿nts1, maitxity of these clients have ￿me forward for bgnefit thecks, Issues arc4Jnd pawng bllls or to apply forthe househdd supp(wt fund (we have administered to older pootA8 in Wokingham Borough councal r6sid8nts). We have worked wllh several local authorit￿5 to feedbad( on the needs and supwrt required for older pecple through the current crisis and seek to ensure that delfver easly accessible scduth)ns (including th08e for pèopl8 8r8 not dlg6ts11y enatAadl. We are part of the hardshlp dllance In Woklroham Borough wothng Wbth partners lo ensure th81 all those who need help and support with the cost of liwng crisis have access lo information. thice and suppryl. Page 6 AGE UK BERKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {continuBd) FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE Icontlnued> Ints9r•t•d ¢ar• 8yst•ms- as wg th acros$ tho dd Coty of Borkshiro, vm arn covered by 2 integrated Core Systems. Our CEO is Ihe Chair olthe Berkshire. Oxfordshire and Be￿shIre West (BOB) Agelng W811 group in this area and has been Involved In Infiuenclng and Inputting Into their strategy and forward plan, ensurfng that Ihe health and welbelng ne8d8 of older p￿p1a and thelr ¢arer¥ reffleded in their foThord strategy. OUR VOLUNTEERS W8 are rA)ntinualty gra1￿1 to our volunt88rs who supwrt In the valuable dellvery of our serv1r￿. Their time and commitment to the organisation the older people we support makes a real dlff8rence lo the oulcunes clknts recelve. We continue to expand wrvolunteer numbers *KI tr￿ areas In vA)Ich they supw1 us. PLANS FOR THE FUTURE Strat•gy. buiine•• plan and budget A refrgsh ofAUKB strategy 1$ urbjemay during 2023. We ¢ontinue to woth lo the pr*iclF4e of diversified, sustainable inc￿rne. Strategic r￿at￿nshIpS with commlssk)nlng bodles are e4refulty monaged, with AUKB retaining a￿1 developing its posldon as a strateglc partner and advisor as vdl as provkler. The trustees have agreed a butst for the current y&ar *l)Ich rollects a consebvatfve approach to grthth. as 2022 has been a year of real expansion and growth th new ￿ntract8, staff arrfj dlents In key areas. In 2023 we ensure that nthv services, Staff and volunteers are embèdded In th8 charty and that we m8ximise our holistic support to older peoKAe, ensuring 8 wlde clrcle of support ￿lIst Improvlng thdr overam hedth and wembelng. kn11￿Tr￿ng and ￿pr0￿ntation Age UK Berkshlre Is proud to be regarded as an effeCt￿e and Inlluentlal partner In the area Indudlng with the voluntary sect￿, hoatth and 80cial care. The supp(Ki and collaboratton of our parinern Is invaluable and we look forward to u)ntinuing to develop and evc4ve these relati￿sh￿S in the best Inte￿￿ts of older people. Equ￿ty. dlvornlty and Inthllon We are ¢>)nynltted lo servhw all oldtt people In ow communlty. A8 part of our bu8lness rAan. we are further embgdding and wntinuousty improving equallty. div8ts1ty and Induskln across servke delivery, Brnployment and voluntèering. Wè are part of the Windrush Consortium in Reading ddlvoring activities and support to the gen9ration and WQTk dosely wth Reading Museum, Caiibb Associations Group (CAG) and ACRE to rnwmi5e impaGt and awareness ofthis wor Page 7 AGE UK BERKSHIRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORn (continued) FOR THE YEAR ENDED 31 MARCH 2023 Flnanclal revlew The organi58t*)n is funded by statulory auth(ffltles. kvant funders, Integrated Care Boards arKI o chargeable $ervkes. The cknrftable company'8 income lotalled £942.50812022: £839.489). The tharity go￿al8￿ a surplus of ngt Ir￿￿ming resources tthre tran5fer5 of £102,16612022: £162,575). As at the year en(fing 31 March 2023, the Charfty had unrestrkted reserves of £1,133,764 {2022: £892.3201 of vknich £543.oc￿ (2022: £nill have been deslgn8ted by the Trustees for future planngd developm&rt. and remainlr*J free reserves of £579.793 {2022.' £873.323). Rosorv•s Pollcy Age UK Berkshi￿ Trustees conslder tha( taklng fiJN account of the range of 88ryice8 that are now provided to dd and vulnerasle people, reserves should be suffldent to cover the flexibllty requlred to cover cash flow and malntaln adequate workiryj c8pltal of gxlsilng and budgglfjd Incrnasgs In the $eNce$ provth. Furthermore. in order lo finance tarFtsd grobth over the next 5 years. through the Settlng up 8eDAces whlch ore ntended to beGome seW-fundirvJ, the Trustees allocate fund$ from unrestriLknd reserves In respect rf klontlll•J opportunhlfrs. Tha Trusts¢s r¢gularly ravlew rèsen￿8, Indudlng an assessment of the risks of unplanned cbsure and poten11￿ IlabilI￿os, and the poh'cy in light of ongolng changes to the charity. Rl•k Management The organlsatlon has 8 robusl risk management procedure in place and thts is reviowed and revised by the sert￿r management team and trustees on a regular basks. The bigge81 risk to the oryanisatrjn Is the In(￿rne reGefved frcrfn statutory bodl8s {both as Clintracts and grants). We have FAans In place to mits9ate this over the short and long term, these indude: diverstficatKin of income. commltrnent to expanding our fundraising, devebping our marketing and communicat￿n5 to enhance our dlrectly sold services and dgveloping r￿4 parthwships that add réach or depth to the ￿thIk) of seNlees we Page 8 AGE UK BERKSHIRE TRUSTEES, RESPONSIBILrrY STATEMENT FOR THE YEAR ENDED 31 MARCH 2023 The Trusta85, who are akn thr8thr$ oflhe tharity ￿ rwonslJl8 for Ffowing tho Tw$tees Report and )Inandal statem8rts in apF4iExbl• I￿ 8nd UnNed Iqngdom Ary￿nthg St8ndard5 (Unit￿j lfjrv•Jom AGg>Jthng PrKknI. y knv requtrpB ￿ trugteesto praparè statements fty finandal yaar, uthich give a and f*rYw of the stats of ofthe tharitalJlB ccmp8ny ofthe kn(J)rn4ng and appltcatbrt ofres￿jr￿ oftho charflabte company forthe yw. In F*epwwvJ tlwfinaNgal stthnwts. Ih&trusteès are r￿Or9d to: bs8Ne thg methods arKI prfnc4F499 kn the Ch￿1￿5 SORP g)19 (FFiS makoludg*ments and esluTth that are and pn￿en(. fflaterpl deparNireB dlscbxeil explalmd h thp fknandal statements. ePaTe tr*llnantyal $tst*Mnts on the gDlng ¢x)tY*m basi8 unless It Is kn8pwLyIth Io txesumgthat tr* uJmpBny (xthekn oF￿allon. ThÉ trust88s keepNig a￿￿Ong rec4xd6 whvth disd￿ rea60nable ¢mcy at thè tlnandd FwHknI offv cts)yny to en8bl8 them to ensur¢ th81 the ffftancial statenwnts c<*m￿yw1th the C¢mp8nies Aca %JJ6. They ore also responsiblg for 88l¢guordlThJ the assets ofts tharttable ￿￿paIry •vJ fortskn.ro reasonabte stsp3 for ¥rrtl dètadknn of fwd and OtherIThe￿A￿lI￿. and RawtsrNJ by Charflos 2019 {FRS 1021 in ac(xftsnr* with tha 8P8Lyal of Part 15 olts Comp￿&9 2(Th rBlalw¥ to wrnllcomwles. Apwoved ty IheTrust•eslThrnL*rs cffl 11 OdoLY 2tQ3 and 8W on iiB bofrffjll ty. Ch8trof th8 808rd rfTru#te86 AGE UK BERKSHIRE INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES FOR THEYEAR ENDED 31 MARCH 2023 I report lo the Trustees on my examination of the finanaal ststsments of Age UK Berkshire {the charltable company) for the year ended 31 March 2023. which are set out on pages 11 to 24. R•sp•ctlv• mgponslblllt1￿ of In￿ and ￿amOn•T As th9 charfty trust995 crf the charitablg company (and aLso it5 directors for the purw58s of company law) you are respOn￿bIe for tho preparallon of the finanaal stAtsments in a￿rd￿re ¥￿th the requirements of the Companles Act 2006 (Ihe 20C6 Art}. Havlng satlsfied mys¢lfthat fin8rKtal $tst¢ments ofthe charfIa￿e company ar8 not required lo be audlt8é undèr Part 16 of the 2006 Act and are ellgible for independent examination, I report in respect of my examination of your charIta￿e ¢>)mpanYs finandal statements as carrfed out under section 145 of the Charities Act 2011 Ilhe 2011 AcV}. In carrying (yjt my examlnatbn I have follcwed the DirectM)n gNen by the Charfty Comnknion under seclion 14q5Xb) of the 2011 A Indep•ndont •xamlne¢• statefflgnt Sincs the charitsbt6 companys gross income exceeded £250,WO your examingr must be a mgmbgr of a t(Jdy listed in sec*on 145 of the 2011 ACL I conflrn that l am quallfied lo undertake the examlnallon be￿V$e l am a member of the Chartered Instilule of Management Accountants. whlch Is one Lrf thos• Ilstsd b)dl8s. I have completed rny examination. I confirm that no matter8 have come to my attention in connection ith ihe examination giving me rAU5e to belleve that In any matedal respect: accountirwj reccrfds were not kept n rospact of th8 charitable D)mpany a5 requlred by 8ecth)n 386 ofthe 2006 Act or the financial stslements do not a(zord ￿th ltrw)$6 records., C (i) th& financlal 8talemerrt8 do not comply wlth the accounung requlrements of sgctlon 396 of (ii) th8 2006 Act other than any requirement that the ac￿Unts umve a ITU8 and falr vie4V whlch Is t a matter Th)nsidered as part of an independent examinath)n; or the financial staternents have not been prepared in aCo)rdan￿ wtth the methLxls and principles of tho Statsmenl of Recommended Prathce ft>r ac0)unlir￿ and reporting by charities applicatle to charities prgparing thdrfin•nca•l statements In aecordance wlth the Firkincial Reporting Standard applicable In the UK and RepU￿1C of Ireland IFRS102). {N} I have no conc8ms and have Come acro88 no other matters In connectlon wlth the examination to wthich att8nlion shoukl be drawn in this rwt in orderto enatle a proper understanding of th& financial sL7tements to be reached. Tere58 Fennell Acbm CGMA It Doesn'l Have To Cost The Ewth Ltd 47 St Dunstans Cb8e Worcester WR52 Dated: 13th December 2023 Page 10 AGE UK BERKSHIRE STATEMENT OF FINANCIAL ACTMTIES (induding Income & ExperKliture Account) FOR THE YEAR ENDED 31 IAARCH 2023 Unr••trlct•d R•¥trl¢l•d fund8 nd8 2023 2023 T¢>t•l Unrestricted Restricted funds fiJnd$ 2022 2022 Total 2023 2022 Not Incomg and endowments from: Donations & legacies Charltable Aclmlles Othertradlng aclMIIg8 Investments Other Income 11.617 828,093 118 3.300 14,817 69,725 897,818 295.027 463,794 295.027 520.965 57,171 29,530 225 23.497 23.497 225 Total ineom• 869A83 73,025 942,508 782.318 57,171 839,489 Ralsffing ftJnd$ Charital￿8 Acllvibas &124 8,124 7.880 7,880 689.034 Total r•iour¢88 •xp•nded 779,874 57,353 837,227 597,731 79.183 676.914 N•t incomingl{outgoing) r•saurc•ts b•lorn tAn#f•r8 89.010 15,672 105,282 184,587 122,012> 162.575 Trnnsfers belween fvnds Actu￿al g8inllloss} on defined b8nefil pension Realisedlunreallsed galns on inv8¥tments {2,549) 241,OIM (4,276) 86.000 4,276 241.000 186,617) 186.617) 25,426 25.426 Nèt In￿￿¢1(0x￿￿dlturoj lor th• y•ar I n•t mov•rn•nt in funds 241.444 18,221 259,865 290,737 (17.736) 273.001 Fund balanc•s at 1 April 2022 892.320 892.320 601.583 17.736 619,319 Fund balancos at 31 Mw¢h 2023 1,133.764 18,221 1,151,985 892,320 892.320 The slatement of financial aclfvlties Indudes al galns and losses recognised in the year. I Income and expgrKliturg dgrivfjs from conliwing activits85. The slatement of financial ac11￿￿ets dso Comp￿88 wlth the requlrement for an income and expenditure account uTrJer the Companies Act 2006. Page11 AGE UK BERKSHIRE BALANCE SHEEr AS AT 31 MARCH 2023 2033 TarYJille Itsod as8ets InveStM￿ts 13 14 10,971 954 96&028 18,997 1019A06 1.038.403 Cunenl as5•ts 15 96,1115 236.218 C48h al bank and irF hand 433,895 288.822 Credltors: amounts fallln9 wlthln 1 y•ar 16 Net cwr•nt ass•ts N•tAssèts tsefr￿è p•￿10￿ labMIty 1.286,985 1.268,320 Defined bsnefftp9n8l(￿ 8d￿le liability I135,￿) (376,0001 I.ISl,985 84320 Funds Unrestr6cted fvnds DeS￿￿21¢d fund8 Defined ￿nefft s(*wrne tiablity 725.764 $43.000 135.000 1.133,7e4 18 1.268,320 19 376.C4XJ 892.320 17 18 Not fvnds The eompww is lo Ihè axèmption from lh9 8udit wulrnmentcontatne(l Fn Sectkn 4TT dthe COMparth￿ Act 2￿6, forthe spar ended 31 Mar(* 2023. No member of the charttable company has dwit&J a notice, PLX%Jart lo svxt￿ 476. {￿U$r#i9 ￿ a￿￿1t of thos8 accounts. ThtrTrLL51e¢s a¢knfI￿edg¥ U*ir r¢skYxwbilitykr complying with the requffemonts oflhe ComFenles Act 2006 wilh pe¢t to ecfthntino re(Jxds and Ihe preparaocfft of accounts. These fin8n¢kg1 ststemènts been prepared In •tttsrdbn¢e wlth the yo￿S1Or* applc*J• lo companiss subi¢c*to the small companies Tegim The gc0)untsW￿ aFvvveil bythg BLwrd of Tntstgas on 11 Ociober 2023. Rogèr Chesler Chalr of Trustegs Cothpany Numb•r07928260 Pag8 12 AGE UK BERKSHIRE STATEMENT OF CASH FLOWS AS AT 31 MARCH 2023 2023 2022 Cash flows from op•rallng actlviti•s Net movement in funds for the year Investment inccAnÈ Interest received Depreciation Fixed asset retirement Investment management fees Ilncrease)Idecrease in debtors Inc*easel{decreas8) in Gredltors 105,282 (29,392) 1138) 10,234 162.575 (23,497) 10.522 1.805 7.880 13,792 24,255 8,124 140,113 53,033 N¢t cash provided byl(used in) opgraling a¢tiviti9s 287,256 148.822 Cash flow from Investlng actMtle8 Transfers (to)fftom Investrnents Purchase of fixed assets Interest received (250.0001 (28,4961 12,208) 138 Not cash us•d In Investlng Actlvlllos .070 278,496 Not Increasel(decrease) In cash and cash equlvalents 285,186 1129.6741 Cash and cash oqulvalonts al 1 April 2022 Cash and cash oqulval•nts at 31 March 2023 182.278 337 790 Cash and Cash oqulvalents ￿nSIsts of.. Cash at bank arKJ in hand 337 790 Pag8 13 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 1 A¢countlng pollclas Charfty Irrfom)allon e UK Berkshlre Is a charltable company Ilmlted by guorantse. Intr)vporat6d In England Br￿ W8108. The règistered office is 119 Broad Street Mall, Readlng, Berkshlre, RG17QE. oe UK Bèrkshim was thè 8018 shareholder of Aga UK Berkshlre Tradlng Ltd., Irwrporated in Decembgr 2012 to trade in non-charitable activilw ond products. Proffts from thls company were donatsd via glft-aid to Age UK Berkshlre. The non-ch8rltabl¢ purposes ceased In 2018 folbwing %thich Age UK Berkshiro Trading Ltd. bgcamg th)manL There V•We no assets remalnlng. It has now been removed from the Register of Comp8ni¢8 havlng been fcmialty disso￿ on 20 June 2023. 1.1 Accountlng conv•ntlon The tlnancial statements have been prepared h a(tordan￿ ￿th the charltable Mmpanvs memorandum and cle8 of a8sooallon. the Companie$ Act 2006. tho Flnancl81 Repojing Standard applicable in United Klngdom and Republic of IrelarKI {FRS102), Accounting and Reportlng by charit￿8. Statement of Recommendgd Practice appI￿&ble to ch8rilw prepaiing their accounts In aG￿rdance with the Financial Reporting Stand8r(I applicatle in the UK and Rewbllc of Ireland L88ued In October 2019, UK Generalty Accepted Accounting Practice and ap￿1¢&ble charity and companylow. Tr tharitable compary is a Public BeMfft Enlty as deflned by FRS102. The financial statements are prepared In tstedlng, twhlch18 the functlonal currency ol the charitable company. Klonetary amounts In these finan￿81 ¥tatsmgnts ayg rounded to Ihe nearest £. The financial statements have been prepared underthe hlstorlcal cost conven￿On. The princlpal accountino polldes adopted are set out below. 1.2 Going conc•rn At the time 0fappr0￿ng the fin￿￿la1 slalements, Ihg Trust8&s havg rgvigvMI tho going D)nc#Tn of th8 tharity and conskler that the tharfty ha$ adoquato ￿$Our￿ to conllnue In operadonal exlstence for the forgseeable fulurg. 1.3 CharStsbl• funds Unres1ricted and designated funds are available for utsè at d18cretlon of ts Trustees In furtherance of thelr (*arftable obl8ctfve8. Restdcted funds are subject to specmk condlllons by donors as to how they moy be used. The purposes and uses of the restricted funds are set oul in Ihe note5 to the accounts. Transfers are mad& between funds vknen adequate lustiriGation and Supporti￿ evidence is provided. 1.4 In¢omlng rn8oure•s Grants arg a¢￿Unted for on an accnjals basls and allocatsd befvmn funds acurdino to Ihe basis of the grant being PTovKJed. Grant income Is recognSsed when the charity is entiued to it after perfomiance condftlons have bgen met, the amounts can be measured reliabty and it is probable that Ihe Income wll bg received. Wttere the charitable company is rewlred to repay any part of the grant a provision is made for the amount due lo be repaid. income 15 induded In the slalemnl of flnandal actMtie8 when lh& charitable company Is enlltled to the In￿me and the amount be ¢want[￿d wilh reasonable acujrw. The follo￿ng specmlc yJ1k[￿ are applied to pwticular catwjories of incl￿￿8. (il Voluntsry income is receNed byway of donatK>n8 and 9Sfts and Is Included in full in the slatoment of firwict31 activities v￿n rec&lvable. (i) Donated seNices and fÈGilib'es are induded at the value to the d)adlable company where thls can be quanttfied. The value of serylces promded by volunteers has not been induded In Ihese financlal statements as it is difficult to quantify this value with reasonable accurncy. (iiil Investsnent Income is include(I when receivable. (tv} Income from chaiitable act￿lIeS reLqte to grants and ser¥tce level agreements. These are recorded vthen the charitsbyg company bocomes uncondibonalty enliued to the grant or the perfom)ance crileria ol lh8 8eNc• lovel agreement has been satisfied. Pago 14 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS {continu8d) FOR THE YEAR ENDED 31 PIARCH 2023 l Accountlng poll¢l•s I￿n￿DU￿J} 1.5 Rèsourc•$ expand Expenditure Is recognlsed on an accrualB b8918 86 8 Ilabllty L% Incurred. Expendlture kncludes any VAT vthlch Cannot be fully re￿Vered. and is reported as part of the expendliure to vthkh It Telatss: (l) Expgndllurg on ralsing funds C£Jmpr19e the costs essoclated wllh attfactSng voluntary inwmo and thg Msts of fundraising 8Ctiwlies. (li) Charltabl& expendilure comprlses C•Jsls Ir￿rred by the charflable fJ)mpany Sn the delfvery of ts oGtivities and services fLY its beneflclarfas. ￿ Indudes costs that ¢gn bg allocated dlredy to such activlues and those costs of an Indlrect no￿re necessary to supwrt them. (111) Al costs are allocated befyRen the expendKure coleg¢yies in the stslemènt of financlal actIvI￿e8 on a basls designed to refle￿ the use of the resouree. Costs relatlng lo a particu18r 8CtMty are allocoled diredy. other are apportkJn8d on an appropriate basis. 1.6 Tanglbl• fix•d assets Tangible ffix￿ assets ar8 Inlllally measured at cost or. vth9r8 donated. al valuation at the tlme of acqulslllon. DePre￿atIon is provKled et rates Calculated to off the co81188s esfjmaled resklual valug of oath asset over its expècted usefijl lffe. as f01h)￿s. Flxturns 6 ypar5 51ralght line Fumfture & equlpment 3 years straight line Computers 3 years straight line The gain or10ss arising on th6 dlsposal of an asset Is detennined as the drfferen￿ beiween the sale proce&Js and th8 c8rrykng value of the asseL and ks reGognised in not income1(eXpe￿Iitur9) for the year. 1.7 ImpaSrniont of Ilx•d as&ots At gach r8pothg end dale. the charitstle company reviews Ih8 canyrvJ amounts of its tanglble assets te determine whother th8r8 Is any Indution that those assets have suffered an impairment loss. If any such kndication exists, thg recoverable amount of the asset Ss ￿t￿Mated in ord8r to dgtemiine the extent of the vnpairment10s8 Irf any). 1.8 Cash and Q￿h oquival•nls Cash and cash equrvalents Indude cash In hand, deposlts held at call vlth banks, other short-le￿lIqu1d vestments with original maturitigs of threo motrths or less, ond bxnk overdrafts. Bank overdrafts are shovm vlthln borrov*lng$ In ￿rrent liabilitie5. 1.9 Financi￿ inBtrum•nts The cha￿￿ble ¢))mpany has elected to applythe provlslons of S8Ctlon 11 'BaS￿ Financial In8trument8' and Secuon 12'01her Flnandal In$trum8nts Issu6s' of FRS102 to all of its financial Instruments. Financlal Instruments are r8¢ognised in the dlaritable ￿mPan￿8 balance sheet when th8 charitable ¢omp8ny becomes paty to the contractual pro￿810nS of th8 instrument. Fln8ncial ￿89t$ Ilabllltt•s are offset. wlth the net amounts presented In the finandal stalgmgnts. whw) thorè Is legally enforce8ble rlghl to sot off Ihe rocognisad amounts and there is an IntsntK)n to 88tUe on a net ba818 or to roalbe the asset and setde the liab￿ty simultane￿$ty. 8a¥i¢ finan¢lal •$s*ls Baslc flnanclal assets, vthloh Include debtors and Gash and bank balances. are Inltlally measured at transactk)n prlce Indudlng Iransactlon costs aNt are subsequenuy carrled at amodsed cost u$lng the effe¢lN¢ interèst method unless the arrarvdement con8llute8 a flnan¢lNJ trÈns#ctlon. ￿ere the trdnsadon is measured al thg presgnl volue of the future re￿IP1S discounted at a market rate of InteresL Flnan¢lal dass￿led as recelvatle %44thln one year are not amorused. Page 15 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (￿ntInued) FOR THE YEAR ENDED 31 MARCH 2023 1 A¢¢ounting polrcies (Continued) 1.9 Flnan¢lal insI￿￿onts (continued) Ba•lc flnanclal Ilabllml Basic finandal Ilabllrtl&s, Including creditors and bank loan5 are Inlllally recognlsed al transaction pric8 unless the arrangement Djnslitutes a financing transactlon, whorg tho dobt instrument is measured at the present value of the future payments dlscountgd at a market rats of interest. Finartial liabilllles dasslfigd as payablg within c￿8 yaar are not amortlséd. Débt instruments ara subsequentty caThted at 8morti$ed G05t. using the effective interest rate method. Trade fftdilors are oblHJatlons to payfor goods or seNces that have been acqulred ￿ the ordinary ￿Urse cl operations from supplters. Amounts payable pAe classlfied 88 ￿rrent IlabNilies Sf payment is due wlhin one year or less. If not. they are prvJented as noTrcurrent Uabllilies. Trade creditors are recogfiised initially at trans8Ctlon prfce and subsequentty measured at •mOrt￿ed cost using the effective wrterest method. D•r•cognltlcn of financial liabiliti•s Flnandal Ilabilrfie$ are dereo)9nlsed ￿en the ch8rltablg Gompanys contra￿al obltqatlon8 explre or are dtscharyed or cancelle(l. 1.10 Employ00 bonefftl The cost of any unu6ed hc4kJay enthment k8 ro¢ogni$gd In the rMlod In whith thg employee's $gNicg$ are Temilnatlon benefits arg rac(y3nlsod Imm8dlat*ty as an èxp8nse ￿en the charftsble company is demonstrabty comm1tt9d to tsmlnala thè émpl¢)yment ol an employee or lo pro￿de tormlnatknn bgn8frts. 1.11 Rotlr•mont b•n•fita In rospect of 80m6 8tsff the charftable company i))nlribulDs to a superannuation Scheme at ratss Sot by the schemg actuary and advls8d to th8 charIta￿e company by tha scheme ￿lMInIStratOr. For other staff, the charitable company oporatsd a dèfined conlrfbuuon scheme und9r auto-anrdment. Conlrfbutions payable charged to the stslemenl of financlal acMIg5 In thg year kn whlch th6y are payable. 1.12 Op•ratlng L•ues Rentals payat4e urKler operallrwJ lèase8 ar8 dwged 88 an expense 88 Ihey f811 due. 1.13 Cr•dlloTs and provl$ions Crodhors and prOvis￿S are wec4Jgnlsod whgro the C{￿panY has a present otAlgal￿n rgsuhing from a past event that IMII probably result In the transfer of funds lo a Ihlrd party and lh8 amount dup to sètue the obllgatlon n be m888ured or e8tlmated i01k￿y. Crodltors and provk8lons are nomially recognlsed at IholT setuoment valug. 1.14 Dobtorn Debtors are recognlsed at the #duement amount due. 1.15 Inv￿lments Investments are induded at closing mtharket values al the balance 8heet date. Galn6 0nd10ss9$ On rgvaluatkni are taken to the Statement of Financhql Acilvllles. Investrnents are managed by Quilter Ch8wot Asset Management, Long Acre, London, WC2 9R 1.16 Taxallon The charitable company Is exempt from corp￿allon tax on its charitable ¥ctsvbtEeS. 2 Crltlcal ac¢ountlng •stlma¢as and Judgements In the appllca11on of the charitable company's accounung polici08, Truste05 arn required to make judgements, estlmates and assumplons aljoul the carrOng 8mount of assets and liabillil8s that are not Teadllyapparent from other sources. The estimates and asBofAatsd assumptk)ns are based on hlst4Jtsl expwienL¥ and othw factors that are consldered to bg relgv8nt Actual results may drffer from Ihe8e estimates. Pag8 18 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 2 cr111￿1 4¢countlng estlmatss andJudgom•nts The esllmales and Undorf￿ng 0ssumpUons are reVIe￿*d on an ongolng basls. Revlsbns to a(wunting estimates are recognised in the period in whlch tho a8￿mate F8 revised where Ihe reWs￿n affects onty that P8rtod, or kn the period of th8 revL8lon and future periods where the r8vision affects both current and fulurg Perf￿1s. Thère wèr6 nohwjgment or materlal estimalion V￿ertaInl1e6 affecling ts reported finandal pgrfomance in the current or prior year. 3 Donatlon5 and18gacl•g Uny•strl¢tsd Rg¥trl¢t•d funds funds 2023 2023 Total 2023 2022 Oonallons and glfts Legade8 recefvable 11,017 51x1 3,300 14317 54,174 $00 240,853 11￿17 3,300 14817 295,027 29&027 Forthg yearend8d 31 March 2022 295,027 4 Charftablo acllvltlos Unrestrl¢tod R•#trlct•d 2023 2023 Totsl 2023 Total 2022 Grants. Service Level Agreements and fundlng provklod from local authorlyes. ¢harttst4e trusts Health wJthorftl8s - see note 23 Active Living Befriendlng Charged for serv￿•5 Crisls Prevonwon Supp¢)rt Dementia SupFK)rt Grant Admlnlstration Help Around thè Hom6 Irrfomiallon & Advlce Non-seNice 8p8(xflc 520,965 26,750 71,791 136,016 154,010 23fj.618 26,750 80.516 136.016 154,010 236,618 43.500 141,024 7.500 49,343 8,725 43,500 141.024 41.843 828,093 69.725 897.818 520.965 Forthe yearended 31 March 2022 463,794 57.171 520,965 The above Income i￿u￿9$ loGal authority grants of £625.02012022: $80 notft 231 in rel8tion to se￿Ce level agreements and specific govemment funded wolects. Unrn¥trlctsd Ro$trlct•d 2023 2023 Tolal 2023 Total 2022 Grants, ser￿Ce Level Agreemfjnts ONJ funding provided from10¢o1 aLrthorities. charTtabl8 trusts Health authorft - s80 noto 23 GranVS&Nlco level agroemgnts Charged for SeNicos Grant inwme 520,965 624020 177.533 25 625.020 177.533 9S 65 828.093 69.725 B97,818 520,965 Page 17 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 5 Oth¢rtradlng a¢llvltle• Unr051ricted Re*trlthd fvnds funds 2023 2023 Totsl Total 2023 2022 Fundralslng Incom8 Forlhe year gndod 31 Alarch 2022 6 Inv••tm•nt Incom• 2023 Inv8slm8nt incom• Bank Interest 29.392 138 r3,497 Al investment Inc¥)mo forthe curront and prbryearwas unr8str￿ted. 7 Olh•r InuMn• 2023 2022 Oihar Income AJI other Income the Qu￿ent and prior was unrnstridad. 225 8 Coat of ral8lng funds Unrn•lrfcted Rostrfctsd funds lund8 2023 2023 Tolal 2023 2022 Investment management f908 For the year gn(1od 31 March 2022 7,880 7.880 9 Charltablo actlvlty •x￿ndIt￿rfr Unr88trict•d Rostrlct•d fund$ fund8 2023 2023 Total Total 2023 2022 Act￿8 LI￿ng Beldendlng Servke Charged for ServlcEs Crfsls Prev8ntion Support Dementla Support Grant Administrallon Help Around thg Home Infomiation & AdMce Friendly Gardeners Group cUl￿ra1 Commissioning Project Smart CSty Cluster {Call On& Challgngel Wlnter Warnth Programme 24662 40,126 168,110 46,905 139,147 29,211 9.114 42,002 36.124 118,110 117.711 46.905 5,772 144919 3S,279 35,279 72.189 25.538 1,066 44.685 72.189 18,038 TT.067 21.392 1.668 565 42.196 7.500 511.177 53,066 5H243 3￿1.522 Support ca)sts {see note 10} Govemanco costs l$ee note 10) 250,YJ4 4287 254,581 316,887 1.025 771,7SO 57.353 829.103 669,034 Forffte year ended 31 March 2022 589.851 79,183 669.034 Page 18 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 10 Support and gov•rn*nc• ¢o*ts Unr•strlct•d R•strl¢t•d funds fund* 2023 2023 Total 2023 2022 r￿Pport Staff costs Administration c DfjpTeoation Fixed Assgt retlrem•nt 159.933 80,127 10.234 159.S187 156.481 84,360 148,426 10.234 10.175 1.805 Gov•manco Independent ex8minalKw) countsnGy Legal and profes¥ional fees TNst88s' meeting expenses 1￿50 1.912 1.517 1.850 6.912 1.517 1.625 200,sn 313.512 4.287 264.860 318,512 Forlhe yoor ondod 31 March 2022 318,512 Govemance costs Indud9s £2,00012022: £1,625) in réspèct of th• indopendenl examlnatlon. 11 Tru8tw8 None of the Twslees (or any persons connected vllh Ihom) roceivod any remunerntion or relmbursed expenses during the cuThent or prior year. Th8 Charitys insurance Frfjlicy irKlude5 trustee Indemnlty knsurancg. 12 Employoes Numb•r ol omployws The avernge monthly number of employeos durmg the Was: Management Other 2023 Numb•r Numbor 39 47 41 Employmgnt colls 2022 Waoes and salarfes Social security costs Pension costs Other stsff costs 455,102 403.783 21,645 21.391 22,598 11.145 527.gm 436,319 There were no employees vA)08e a)nual remuner8tvJn wa¥ £60.000 or more. The aggregate remumeratlon of key management personnel during the yetr was £87.230 (2022.. £66,482) In addilion. a great aMo￿t of tine. tho value of vthlch has not ￿On rellected in these fin￿¢111 statements. Is donated by our many volunteers. Pag8 19 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 13 Tanglble Flxed As$ots Fixtures & Flttlngs Comput•r Equlpmenl Equipment Total At 1 ApTII 2022 Addlllons Disposals At 31 lknch 2023 6.935 27,483 25.736 2.208 80.154 2.208 933 27.483 27,144 62,362 Depv•clatlon At 1 April 2022 Depreclalon charge durfry the ypar Eliminate(l on disposal At 1 Aprl 2022 9,161 9,161 25.061 1.073 41.157 10.234 6.935 18,322 26,134 51,301 Nol Book Valuo At 1 Aprll 2022 18,322 675 18.997 At 31 Mar¢h 2023 9,161 1.810 10,971 14 Investm•Trts Investments held by tho tharllable (ompanyare extemalty managod by Qudter Cheviol. An annual repLVt has been provided by them as fdlows: 2023 2022 Market value at 01 April 2022 Addiions in the year Cash intrcduced Disposal prDc8ed8 Rea￿sed and unreallsed galn8 Market value of Inve¥tments at 31 Mavth 2023 706,095 89,050 250.009 (215,3621 156,B44 91,857 (55,759) 86.617 936.117 986,636 Hl#orical cost of investrnents 903 278 Cash held by investment manager T¢)tal valu• of Inv•$tmonts at 31 Ma￿h 2023 954,057 1,019,406 Investrnents at market value comprl8ed of.. UK fixed interest seGUriti85 Equrtiès tgmotive Investments Cash and Cosh Products 108,755 561,781 118,096 75.425 225,C66 605.622 155.948 32.770 Total market valu• of Invo$tm•Thts at 31 March 2023 9¥057 1,019,4C Page 20 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 15 Debtorn: amounts falllng due wllhln on• y•ar: 2023 2022 Trade debtors Prepayments and alKn￿ Income other dobtors 74.514 19.464 234.584 96,105 236,218 16 Crodltovs: amount8 falllng du• wllhln on• year: 2023 2022 Trade credttors Other taXat￿n and 80th81 secudfy Other ￿editOrS Accruals & deferred income 14.201 8.220 19,818 13.913 25,973 11.127 111,938 58.905 17 Restrlctsd funds Movemont In funds Balanc• at Incomlng Resour¢•s 1 Aprfl 2022 r•¥ourw 8xp•nd•d Balance at 31 March 2023 Transf•r# Age UK COL ￿ant Mobbs Mamorral Trust NHS Charthes Together Twyford Gardeners West Berks Winter Fund Woknngh&n Unllod Charftlos 10,000 10,000 <3,3001 (8,7251 {2,5491 {42,7791 6.725 2.549 50.000 1.000 7,221 73.025 157,3531 2,549 18,221 Prforyear Movoment In funds Balance at Incomlng Ruources 1 Aprll 2021 Mourc•g expended Balan¢0 •t Tran8fern 31 March 2022 Winter Wamith SuNr¥e Wlnler Grnnts Call One Challenge Screw Fix Foundation Tvrytord Gard8n8rs NHS Chartiiès Tc*Joth$r 17.736 (20,665) {42.196) (5.000) (1,6681 2,929 42.196 5,000 1,250 418 929 17,n6 57,171 {79,1831 4,276 Page 21 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 17 R•#trlct•d funds (Con￿nUed) A UK Costof Liwn Grant- rKovldkng domest￿ support for older people to rn8intaii th8k Independence through the prowsKin of handyperson and gardening, maintain or in¢raas8 attendance 81 phyaical actvity sessions or K￿la1 groups. Mobbs Memorfal Tn￿t- DOnat￿n towards the 1nstsllat￿￿ of Teams mo8￿ng Room and TV. HS Charities To ther- a grant for imprwng h8alth outcom8s and reducing remlssions in older people by providing a Streamlin￿ referral pathway to $ocial supporL provision and post4i$charge. rd Gardeners- Gardeninpj allotment project in TW￿ Ruscombe ulilising tho powpr of garthing to improve older P￿pIeS mental health. W￿1 Berkshlre Wlnler Fund - Househokl suFwrtfor perwns of pen5TrJnablo ago, IndudirwJ infomiation & ad￿Ce. Wokin am Uniled Charities- a grant toward5 hospital transport coyts for the residents of Wokin9h•n Bcmugh Couwl when other avenue5 arenl availablelapproprfate. 18 AMtyBls af n•t ass•t8 botw••n fund$ Net Curront FIX￿ A888t8 Investments Assets I (Llabllltles) 103.736 200.000 B•n•fft Pèn8lon Sch•me Total 2023 Unr•stri¢ted gèr*ral fund Designated fund Pen5KJn fund Re$tri¢ted fund 10.971 611.057 343,000 725.764 543.000 1135,000) 21 (135.000) 18 21 10.971 954,057 321,957 {135.0001 1.151.985 Not Cuffont Assets/ (Llablllttesj 229.917 Defined Benefft Pension Schema iory68r FIXedA￿ets Investments 2022 Unresbicted generalfund Pension fvnd Restricted fvnd 18,997 1.019.406 1,268,320 (376,000) {376.000) 18,997 1,019,406 229,917 (376,Ll)O) 892.320 19 Penslons The tharStsble company is o member ofthe ROW County of Berkshlr• Penslon Fund. Thi5 15 a mulb- ernployer scheme of whlch the charftable company5 share of thg l￿derlying assets and Ilablll￿s can be Idendfied. Funding approach.. The Employer currently partlclpale¥ tn the Adrnhted Bod￿8 p(Kl ￿ other employ8rs In ordorto shar8 experience of rlsk5 they are expD5ed to in th8 Fund. Al the 2022 Valua￿On. the defidt for ihe whole pool was calculateil and allocated to eath employer In proportion lo their value of Ilabllttks. The next reollocation wll be carried out in the 2025 valuatlon, shoukl the Employer remain In the pool. Each employBr wtthln the pool pays a ￿nt￿bullon rate based on Ihe o)st of beneffts of th8 Indmdual membershlp of the Fund. Page 22 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 19 Pension• Iconlnuedl The follo%￿ng figuros have bgen taken from the Actuarial Valuation of tha $cheme carrled out by Bamett Waddingham at 31 M8rch 2023. Th8 main as8umptK*n8 U8•d buylhe actuary were as folknhs: Salary InGrea58s Ptsn5ion Increases Dlseount rats 31 March 2023 31 Klarth 2022 3.90% 4.30% 190% 3.30% 80% 2.60% Frc*n 1 January 2013 th8 expected rotg of retum on asset is re￿aCed by a slrvJle nal Interest ￿3t whkh ￿11 offactiv8ty 58t tho 8XPOCted rebjm equal to LAS19 dIsco￿t rats. 31 March 2023 31 Marth 2022 £000 £000 Net pensron assel as reported byActuary Estima￿1 ern￿OySr a8sets Pre58rrt value of scheme liabililies Not Penslon u¥•V{Ilablllty 703 713 1.089 (3781 1135) Th• roMn¢lllatlon of assets waN: 31 March 2023 31 March 2022 £000 £000 Openlng fak value of scheme assets Intèrest on Assets R8tum on Assets less Interest Administration 8xp8nses Actuarial (l¢)ssesVgalns Contr4butions by gmpbygr Contributions by scheme parucipants Beneffts paid lest) 713 18 117) 670 13 76 12 11 10 703 713 The r•conclll•tlon of Ilabllttl•¥ w•s: 31 March 2023 31 March 2022 £oDo £000 Op8nlThJ d8ffln8d benefft oblwon S9￿c& cost Intere￿ rA)St Change In Fln8ndal 8ssumption5 Change In domographlc 8ssumpllons Experience Oossy9aln on defined b&n¢fit oblioatton Benefits Contribution5 byscheme participants Closlng defined benefft obllgatlon 1,089 27 1.131 22 (35) (360 (311 132 (631 11 838 1.089 Amounl r•cognlsod In th• Actuarlos Proflt and Loss Account 31 March 2023 31 March 2022 £000 £000 seT￿ts cost Net interest on defined liability (8SSèt) Administration expenses N•t r•venu• cost l (In¢¢m•) 10 36 tuarial (lossygain on d•fin•d b•n•flt p•n•lon 31 March 2023 31 March 2022 £OOD £000 IrKrfrasel(decrease> in fair value of $¢hemg assets Ilncreaseydecrease In defined ￿ne￿I obllgalh)n arl•l {lossVgaln on defined bonofit pwslon (10 251 241 43 42 Page 23 AGE UK BERKSHIRE NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 MARCH 2023 20 Op•rntlng I•)￿ ¢ommltsnents At the reportSng end dale the charitalAe company had outstandlig commbtments forfulure minimum le p?￿nents undor nonry¢an¢ellable operating leases. whlch fall due as follrrw5: 2023 2022 Within on8 y8ar Betsyeen and five ygars Mor¢ than five years 29,170 91,963 27,770 103,005 121,133 148,903 21 Relal•d Party Transa￿0￿1 No dlrectorltrustse received any remuneration Or￿￿S reimbursed for any exponses in the ￿ {2022.' £nill. There were no other rOlat￿ party tran8acuor￿. 22 Advocacy cll•nt {Money M8n8gemont Sarvkal The charity provides financial advocacy Senlces to older pgopb. A Barclays Bank pk e15enl account Is maintslned to IKJld monies held ¢)n behaw of advocacy clients. The balance of this money held does not bekng to the chaiity and 15 not IndUd￿ in these &¢OLmts. 23 Note# on Comparatlv• Flgur•s During the year to 31 March 2023 ther8 hes been a change in Ihe way tran5act*)ns have been ￿colded in order to give more clarity and battar management Informallon. Therefc*e. dlrect comparatlves ar8 not available In all areas. Whorn possible direct ￿MparatiVeS ha￿ bgen indud8d. and where has not been able to be detemiined they are Included In the original analysis as p8r tho 31 Marth 2022 accounts. TH￿IK YOU Ag8 UK Be￿hIre would Ilke to •xtènd th•irlhanks to th•lr fvnd•rn and 8upport•r& Includlng: Wokingham Borough Coundl Wgst Berkshire Coundl Readlng Borough Coundl Age UK Mobbs Momorfal Trust Get Berk8hlTe Actlve Frimley ICB NHS Charities Together Woklngham United Charfties Spo¢ial thank8 to th• l•gatorg who left mon•y to u$ In th•lrwll: K Edmondsori Pago 24