RegSstored numb8r. 08412045 harlty number: 1152234 AGE UK FAVERSHAM AND SIThINGBOURNE (A Company Llmlted by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 AGE UK FAVERSTr14M AND sfrnNGBOURNE IA Company Lhnlted by Guarnnts?) coKrEPUS Page Reference and Admlnlstsativé Detall8 of thè Charlty. Ils Trustgos and Adv15er5 Tru8te6s' Report Indepèndent Auditors. R8POrt OD thfr Flnanclal Statements stst8mont of Financial Actl¥ltlBs 2-13 14-17 18 Balancg Shoet 19-20 stateM￿t of Cash Flov 21 Notss to the Flnanclal Statomonts 22-36 AGE UK FAVERSHAhl AND SIThNGBOURNE IA C(xnpany Umlted by Guarnnte8) REFERENCE AND ADMINISTRATrVE DETAILS OF THE CHARrrY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022 Trustees Miss L WiLqon, Chair {r8sign8d 26 October 2021} Dr E J WilcoK Tieasurer Mrs D Reed. Chair Mrs R G MadgwKJ( Iresbaned 6 September 2021} Mrs H J Planner (resigned 29 July 20211 Mr F Manoharnn Ms R K ma$￿Tr MrA Horton (apwnied 10 May 2021) Mr K Barker {4)pointed 2 August 2021) Mrs C Robinson {appointed 8 November 2022) Company reglstered numbor 08412045 Charlty reglstsr•d numbor 1152234 RogEstered offlco The Okl Fire Stati¢)n Crescent Ro Faversham Kent ME13 7GU Company secretary Mrs C E Burgess Chlef exKutlve offl¢or Mrs C E Bu Independent auditors H￿IeY Dunk ￿MIte(l Chartered Accountants and StatutoryAudf(¢ys Trinty House 3 BuIl￿e tan8 Dartlorn Kent DA113B Bankgrn Nat West 13 Market Place Fav8rsham ME13 7AF Page 1 AGE UK FAVERSHAM AND sfrnNGBOURNE (A Company Llmlted by Guarantso) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AIARCH 2022 The Trustees present th￿r annual repQrttogether￿th the audited financMI statem8nts of the Charity for the year 1 April 2021 to 31 March 2022. The Annual Report serves the puwes of both a TNstees' report artd a dir8Ctors' report under company I￿. The Tfustees confirn that the Annual Report and financial slal8menls of the charitable company eompty vAth the current statutw requiram&nts. the requiremenls of the charilab company's goveming dccument and the pro￿sK)nS of the Statement of Recornmended Practice {SORP) applicable to charities preparing their accounts In accorthce vrith the Fina￿1￿1 Reporting Standard applicablè in the UK and RepublK of Ireland {FRS1021 {effective 1 January 20191. Since the Charity qualffies as small under sectkm 382 OF the Cor￿anieS Act 2C¥J6, thé Strategic Report required of medium and large ￿mpan￿5 under the Companiès Ad 2006 Istratogic Ropryt and Director8, Report) RegulalK>ns 2013 has been omitted. ObleGtlYes and actlvltles Pollcle5 and objectives The objectives of the Charity ate: - preventing or reliewng the povoty of ok1er Fwle", - gdvamng the education of older pe(4)le' - preventing or relie￿n9 sickness, disease or 5Lrffering in older pecole (whether emotional, mentsl or physicall,. assisting older p8cpl8 in naed by reason of ￿14￿. disabilty, finawal hardship. socid exclusion or other disadvantage,. and - such other charitable purposes for the b8n8fft of older pec9￿ as the TNst8es may from lime to Im6 deckde, th8 Dutcome of this being the promotion of U)e welkking of 0￿r people. In setting c+JjeclNes and plannirvJ for activthes. the Truylees have gNen du8 consKleration to general guidance published by Ihg Charty ComMiss￿n relating to publ￿ berTrefft. including the guidance 'Public benefit.. running a charity IPB2)'. • Volunteers The Charitys bK)rk would not be poSs￿le without the o)mmitment and conlribub)n rnade by the enlJ)usiaslic volunteers who freety gNe their time for th8 ben8fft of older people in the 8r8a. • Main actlvltles undertaken to further the Charlty's purposfjsforthe public beneflt The Truste8s of the Charity have due regard to Ihe Charty Commission's general guidance on publ nefil. Tho Charitys objectives and aims have been revivA*d taking this guidancè in to consideryation and are still deemed to be appropriate. Achlevemonts and pgrfornwic8 Revt8w of activlfjes Achievemènts for the public benefft diredty support￿1 an estimated 2000 indrviduals and havo b88n demonstrated under the foilowing broad heaJing$: Thé Charity has tsyo centr8s, tYL8 in Fav8rsham and one SitbrwJbwme. These pro)ride a range of wellbelng services and act as a hub for Itxal 0￿er pwlo. Both centres closed their door3 due to Cwd-19 in the latter part of March 2020 arKI services vnthin the centre were op￿d and ck)s&Y throughout the year based on risk assessments based around the pandemK. Even when d¢)0￿ were crf)ened they were opened to srnall groups of people. In January 2021, the STtlingboume centr8 was handeAI to the Srtbngl)ourne PCN for the use of a communty vaccination hub. The ILKal area was Unab￿ to find a site knJe enough for their use and the centre Page 2 AGE UK FAVERSHAM AND SITnNGBOURNE (A Company Umlted by Guarants8) TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 3q MARCH 2022 Achlevements and porforniance Icontinued) having a central location and a g￿d space was ¥leal for this usa. This Va￿InatiOn centre stsy8d within th8 Sittingboume centre for the rest of this financial year. Th& Faversham site was used to SUPPDrt the community acT038 the whole region arKI transport was provKJed to 8UPFXNt thi5. As a result of lirnrfced access to group ac1wit￿ due to safety conc8ms during the pandemic, the Wel1b￿ng 2 You seNice was developed. The service is cOMp￿t￿Y bespoke, a support worker is matched with a clEnt to d￿1Ver SLJPPOrt in 1-hour incr6ments, that the dient cho)ses. This supwl is vary varied and ranges from support with shopping, gging oul for a wajk, maintsining a hobby, atterKling app)intments or crmpany and a cup of lea indoors. Due lo the proven need for this servK*, the serVTr￿ ha5 tyJntinu￿I and will continue in the future to help allemats kineliness and isolation in our area. We started walking football sessions in Juty 2021. Wrth th8 SLJPPOrt of some inf(ial funding from Age UK National and our I(￿7 FA. This was a CLrylelely r￿W venlure for us. However, (t was identified as a need wrning ¢)Ut of lockdown to decrease social isolation arKI improve frtness. The sessions run weekty at Swallows L8i8ure centre in Sitlingboumg and are w well attended. This ser¥￿e is predominanlty us&J by men, which n) the past have been a harder to reach group. htt￿ever it 18 all inclusive. This Sarvi￿ 15 SUPPOrted by a fully qualified coach and a volunteer. Walkin Netball We were successful in our bid to Kent County Couwl. Kent & Medway Active for a Grant to start a new walking nelball sassion. These se55ions were to decrease swal wlation and lonefiness and increase physical activity at the same time. We engaged with a futy qualified coach to start these sessions that were held al The Abbey School in Faversham. We then wothed with attendees lo support them through becoming qualified coaches lo enable the $es5ion5 to be sustsinable for the future. AtterKlees have ranged in age and have been huge successful. One of the big Su￿eSseS with this prcoramme was the outcome of tho lournament we etttered in May 2022. With a really new tsam, w& came 2nd out of 11 t&ams whth was fantastic achievement and a real boost for the group. One of our attendee5 had the folcthing to say hat have been the biggest benefits to you since joining? - I feel more ccfflfid8nt in meeting new peop￿. and I am more interested arKI motNated to tsy and get fit. It has also been excellent for my mental health & wellbeing. I look forward lo the sessions. Describe a mgmorable moment you have from attending the acbvity sessions. I don't have one Specif￿ memory" the sessions are ah¥ays enjoyajb and good fun. They are an excellent group of peoplo. How will you continue to stay th? I wl, hoFefiJly. ￿tinue with the walkiThJ netball, and I have nN ggined the confidence lo ty other a¢tivibes IPilate8)." muni We continued to use our kitchen siteA wilhin a Optwo Ctr￿8d site. We are able to deliver our ¢cmmunlty seNce across Faversham & Sittingboume from this location. An invesfvnt Into eleclric vehicles and electric bars and heated bag5 made this poss￿18. This seryice also provides a valuable welbeirvJ chet* on vulnerable ¢l￿t5 as wel as ensure a hoL nutritious. fresh￿ c(K)ked med is deliver￿1. The p8rson who delwers the meal may well be the only person that our client sees all day and so not onty is food delivared, but company and a wellbetng ch￿k at the same time whth has proven to be invabjable to many ¢lients when they have found themselves in difficulty and we have raised the aLqmi preventing that indivKlual frDm suffering fijrther harm andlor distress and ensuring appropriate support is providod where necessary. This senrice reduces Ihe feeling of isolation and bneliness di&nls who rerEive hot meals and also enables them to continu? to live Page 3 AGE UK FAVERSHAM AND sfrnNGBOURME (A Company Llmlted by Guardntse TRUSTEES. REPORT IcoifllNUEDI FOR THE YEAR ENDED 31 ￿RCH 2Q22 Achlevgments and perforniance {contlnved independently and ensur8s thèy raceive nutribonalty baknced fcod. If an ind￿}dual requires pureed foods in line wilh Speech and Language Therwisl's advu. we can also accommc¥Yate these needs. H ds2Hel The 8eNic8 indudes a gardening service to coTry)tement the other independent livlng services ￿[ch provldes domestic assistsnce and s￿)ppIng & prescrption cdlection aNI delivary and a55islad Irips for madul 8ppointsnents. vaccinations, shopping ete. This Serv￿ was Invaluab￿ to the community particularty due lo Covid. The also provides company and reduces lonelirE&s and isolation. Having an all￿ated person who delivers the Serv￿ enables the client and our team member to buld a relationship that enables our team member to offer further suppcrft and or 8￿Jn[m)sting ￿en required. This s8Thice supported circa 6300 hours of service. Befriendi This free seTwce was slopped when Ihe first k￿kdOWn was announcgj. Where it was appropriate Ihen telephone befriending ¢arri&d on. By the end of the year the factrioryface part of Ihe s8rvica was still closed, however the lelephon8 befriending and a nevAy launched pen pal scheme w￿e slill in place. This service reduces th8 impact of lon81iness and isolation across our o)nNnunty. As well as the bènefrts of thé friendship itself. there are also the auxlt iary things that our befriending coordinator, or the befri8nders pickup on. such as a dient whose husband had been in hospital for 5 months nDI knowng how to lune her rad￿ so she could actually listen trj ill Another client had been waiting for s¢xneone lo gat a stand for her TV which had been on th8 fk)or vAwe she coubj not See it. The befriender and our coordinator adapted 2 small cabinets Ihe unused bedroom and resolved the issu8 in a matter of minutes. We also supported a dient I￿0 fives wlh •Jdit￿n￿ disabililw) who was digitally excluded- she is d81igh18d with her new laptop which our ccordinator appli8d for and which her befr￿Trder helped her Set up. Befriendors have also been happy lo link in and communicate with our ccordinator and our other 8ervKes to ensure clients {especialty those who Iwe alone.) do not fall down the yaps in the system if they end up in hospital or come out w((hout us being updatedl They are a wonderhjl set of addrbcffHI eyes and eaf8. Our cL)ordinslor also said'l can realty t611 the dtfference in once client who has never a friend throughout his life until ntsw due to his mental Ii I heahh! He like a drfferent pwson, much more posrtive on the phone and yèt his physical h￿tth is now failing. and I have no doubt his befriender is hdping him to keep a positive outlook on IhirvJs.° Communi na This contr￿1 is provided in pathership with (rther organisations and bd by Soclal Enterprhse Kent and has been vttal over the last couple of years and was eXtren￿lY need￿1 during the Cowd pandemle. We employ onè community navigator under this wnlrad who supports the Faversham and outWJ areas. (Contractually we do not cover Sittingboum81. This servK8 works indNKJuats suppjrting them in many ways frorn ensuring b8n8fils are epplied for, signposting to ¢Aher support wJencies. ensuring a(aaptations are made where re4uired. The top three reawn$ for refeTh￿ for support are:. D?ity LNlng- EquipmenL Household tasks aThl Prwrty M￿ntenar￿e Finance and Benefit Maximisalion Transport Personalised Ind C(K) This contrara 15 prov￿&1 in parlnership vthh Age UK Heme Bay & Whtstable and other parti6s across Faversham onty. The conlracl enables us lo employ one wordinator who woths Close￿ Faversham GP'S Page 4 AGE UK FAVERSHAM AND sfrnNGBOURNE (A Company Limited by Guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 PLARCH 2022 Achlevements and p8rforman¢e l¢ontlnugd) and who 18 an &tive attendee of MuStidi8cl￿lnary Team Maelings wh8r8 they klenlfy patients who need further support across the communty. This contr￿t has been extend￿ for a further year. ecialist Dem8 Serv￿Os This servKe encompasses many strands and has 5UPWrt availatAe to pgopk from pre dlagnosis of memory c(￿cernS through to more in4epth support where required. Fountain s cialisl da Our Dementia Day Sessions were reopened where Covid restrictions all¢ywed. and w8 noticed immediatety the delerioralion of many p8opI8 who had realty been impacted by the i501ation Ih8t the initial stsges of the pandemic had caused. There was inmediale supwrt required for both our dients and their family memberslcarets and where it was safe to do so we r￿)pened our centre 5 days a woek. We have lo close inlemittently through the year due to cO￿d staffing challenges, however we endeavoured to keep this to a minimum as we understood the impact that this would have. Our centre when opened supw)rted clients 5 days a week Monday to Friday and included Iranswt to the cenlre. refreshment¥, ¢ognitNe activities and a hot tsvo course freshly pr8par6d lunch. Through the year we supported a total of 1259 Sa￿Orts. Due to additional fijnding recetV8d from The clothw0￿￿ FoundatTrDn and a I￿acY from Iris Skinnerfs Estate we were able lo pu￿hase a Mag￿ tsble (Tovertafel) frcffj Tover. "Discover Tovertafel 2 DISCOV￿ the genius of play We believe in the power of play. Whether rfs breaking through apathy. inc*easing social intera¢tb)n or phYS￿al acti￿ty or r*Jucing resuess or tense behaviour, play is the uttimate solution. The unique Tovertafel 2 games prO￿lde more than just fun a￿1 wonder. They have a poslLwe impact on th8 qualty of life of p80p18 wth cognitNe c*alenge& What 1$ the Tovertafel? The Tovertafel prqecls interactive games and wl)ranl images onto a surface such as 8 tabl8 or floor. The varied games respond to the movements of the players and have on8 thing in common.. thay have a serious purpose besides providing pleasure and enterta"nment" We forward to the positive imw this of equikxnentwll bring to all of our dients. One of our cfienls. daughters vtho is fvjll time carer and iJ)A ccmmented, 'Mum is realty ènjowng her lime al the fountsin, she looks forward to going and fc's a game changer JI staff are amazing induding the Domestic side and Mum seems so much happier a big thank y)ul' Fountain Com anionshi This service Wds launched during Cowd to enable us lo SUpp￿)rt clientg antl th￿r familieslcarer5 living wlh dementia This service has conb'nua lo grow and is highty valued by the people who access it. This setmce compleldy bosp(*e to an indNKlual and prowdes 1-1 support based on the specific needs of the person Imng with dementia and tsr familylcarers. These visits can vary in tirne, length of lime and rea80n. Th8y may pro￿lde car8rfs respit8, taking the Cl￿nI lo enjoy their favourite hobbies such as gow. Msiling aviation museums. The service has shown posttive impact on our clienl's and their familie8, lives enabling them to continue to enjoy thelr live8 and hct*bie8 that the enjopj before diagnosis. s Clubs This service was réopened. aThJ w8 very quickty wlised that p￿p1a we had pr&viously supported wth COGS were no IDnger a￿e lo attend these sassions as their health haj deleri)rated through the pandemic which meant that they no longer met the criteria for these sessions. We continued to 5UPPOrt pwple via other servKes, however we had to restart the COGS sesspJns from a new 5tartirTrg point. By the end of the year we had COGS sessions running for up 10 12 peoplg per session in both Stitingboume and Faversham. Du8 to th8 SUCC8ssful bid in partnership wilh Akheimers & Dementia Support we l¢y)k forward in 21r22 to supporting many more people and wll increase our sessions acros5 of regin to reach mor& people. Pag8 5 AGE UK FAVERSHAM AND sirnNGBOURNE IA Company Lhnlted lry Guaranteè) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022 Achlevements and porfornianGe Icontlnued) Deme tialmemo Cafes This service w8s reopened and unfortunatety. we again had lo start from 5CTatch du6 to the changès caused by the pandemic. We r8open8d our café inrtialy in Faversham and worked wrf(h The Abb8y Phys￿ Garden for th8m to provide a location in Faversham. Thks is a W hxation chosen for ts beauty and peacefulne5$ and has been extrernety popular with attendees. Due to funding confimied at the end of the year from KCC (Kent County Council) via our partnership with Alzheimers & Dements"a Support Semces we will be incfftasing our afes to include SittingtK)ume and a more rurdl kKalion. We kvjk fonvard to supwtsng many more people at our memory cafes through 22r23. InfonmatKJn d Adwce This absolutdy vital, free seryice continued to offer a¢fvice on welfare beneffts and associated aspect5 19 many older peopb, thèir families carers across arèa. The semce also SUPFKTrrta the Shoppey ar8a during February and March of 2022. Thé service 8UPPOrts people in manyway¥ WeKare knefits.. Benofil ched($ Fomi filling for. Attendance AlkJwanc*. P&rsonal Independencé Payment, EMp￿ent and Support Allowance. Disability Lmng All¢)wance, Universal Credit. Job Se&kars All￿anCe. Carers AllowanrA, penS￿n Cred¢ Slate Pension. Housing BenefrL Council Tax S￿POrt. Council Tax Redudion. HousiTrJ'. Supporting people to Unde￿{and and nawgatethe rarKJe of cpti¢)ns availabl8. Help wlh app￿ng to the Housing Regi%ler. Heamh & s￿la1 Care: Adv1￿ on accessing Social Care support for tx)th lunded & self-fund8d dients. Advice on s￿￿utOry rights to Assessments. AdvKe on hospltal discharge pror￿UreS. other. Information onty on Power of Attomerfs Iwiils {not advw ￿ help with applKationsl. Help wth Blue Badge and Disabilty Bus Pass appI￿ationS. The se￿￿8 is quaity assured arKI tNning is underta(en by Athsors and V(Aunt88rs to ensure they are up to dale with the ad￿ce given. In th& last year we have supportetl in excess of 10(KJ and rea￿￿j over £700k of benefts for our clients Number of clients, 1098 Benefit Tak&up, £772.956 Thi8 service was fvnded using some of the grant fijrnjing from Kent County C(wncil, unfortunately this grant funding is no longer in e￿$tenCe, huwever The Trustees appreciate hThv important this service is to our communty and have agreed to fu￿1 from reserves for the ￿r22r23 or until altemabve funding can be sourced. We rety on fundraising and grants lo deliver our SèMce8. Governance structure and man8 The Board of Trustees met monthty throughout the year as did the HR & Finance subcommitteo to ensure the Charity was steered Ihrough the pandem￿. A skills audit and gap analysis were completed Ihrough the year and 11 direct lulure recrurtmenl of fvrther trustees. A Heallh & Safety subcommitlee was fDmied during the year 21122 whth 15 by the Heakh & Safety lead Trustee. Alan Fknon. The lead Safeguarding TnJste8 is Donna Page 6 AGE UK FAVERSHAM AND StrnNGBOURNE (A Company LlmEtgd by Guarantsel TRUSTEES. REPORT {CONTINUEDI FOR THE YE4R ENDED 31 MARCH 2022 Achlevèmènts and pfrrfomiance (contlnued ic DIr￿tiOn and Challen es The strategic plan that had been wted was massivety imp8caed by the COVKI pandemic and has18d to a pau8e and reflection. Th8 strategic pkn wll bo rev￿W￿￿ in 2021￿2. W811being grarts from Kent County Council were cOnfiryn￿￿ a5 ending in March 2022. KCC mov8d to commissioning mcéel and commissioned a number of contracts as B replacemenL Age UK Faversham & SittingbDume tendered for b(rth the W￿l￿ng cOntr￿t and the Post Diagnost￿ dementia suprort wellbeing Contract with a number of lead partners. This contract award￿ in February 2022 wilh a go live dale of April 2022. Age UK Favefsham & Sittingboume ww8 Succ￿ful in any of their bids for the Wellbeing ConlracL however, were succèssful in their bid for the post dI￿n0th dementia support seNces in partnership wfch Alzheirners & D8mentia Support Services. Thè contract award will mean a substantial IDSS of incrTh for Age UK FaVerSh￿ & Sitlingbourne. A lol of work has been dLM)e during the previous year includiw a restructure of the organisation to enablg us to sustain this loss, however there is no doubl there wll be an impart and the Board of Trustees wdl revM¥ their strategy in lin8 with this loss. We do however IcM)k forwarrl to motHlissThJ the r￿1 post diagnoth dernenlia SUPFX>rt contract with both Aizheimets & Dementia Support Semces and Age UK Sheppgy and hawng the opportunity to support many more pwple across the Faversham & Sitlingboume areas who are living wlh m8mory issues. We continue to work to create and bukl new strategic partne￿hipS for service d81Nery with Ictal housing organisations. IcLal charitsble ￿Jan￿*M)n8 and cwimunty groups. anigation In 2021 the Charty was re awarded its ISOgJ)1'.2015 quality standards. In FebNary 2022 the Charity athI9v￿ Kent & Methy Workplace Welboing Bronzo Award. A thorough serwce revivwwas carried out to ensure that the c￿ri￿S Serv￿￿5 were approprsate and sustainable. P￿roll wa8 moved lo Xero from Sage in April 2021 gave cost and process efficiencies and tied in ￿th out inVo￿ng S￿leM which had already nK)ved to this system. There was a price increases in SePteM￿r 2021 for our Hands 2 Hetp sery￿e to the ensure seNice8 could sknll be delivered taking into account the Ir￿eaSe of emp￿￿￿nt costs and PPE (Personal Protethe EquiF4nent) costs. crients The ability of dienls to remain living ind8pendently, for as bng as they wish to, continues to be the main focus of the ChartEls operations. Across all servi￿, the Charity supported almost 2.000 irKIMduals in a variety of ways. The majority of Glienls wer8 aged 70+ arKI the ratK* of all dient5 wag $6% female. 44% mal8 ￿lch was a 4% increase in mal& dients. Clients were able to gNe feedbad( during the year by a vari* of means Ind￿Jing client forum5 and feedbad( surveys. Pag8 7 AGE UK FAVERSHAM AND sirriNGBOURNE IA Company Llmlled by Guardntse) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Achievomgnts and perfonnanco (contlnued) The 'Kent Imp￿1 Manag0m￿y system vrds used during ts perKJd lo monitor and report on change8 in wellbeing amongst a sanwle client base. Results demonstrated an incr8a$e in th8 wdlbeing of clients in the months following Iheir first engajemenl wrth the Chanvs servKes. We introduced the use of other impact modelling tods during thi$ time. ndvo unteers The Charty empbyed 44 staff, most ofwhom wcfk ¢)n a wi time ba818. In June 2021 a restructure of the charitylook pigce to ensure sustanabilty and flaxibilty of the charity. The Charity employed a Head of Finance to support the CEO (Ch￿1 ExecutNe Officer) in this regard. It wa6 not￿ by the Trustees that as the Charity was ncw classed as a medium srze charity that recommendaticins were that a qualiFiwJ financial professional shoukl j¢in the team. The Charitys v￿)rk would rK>t be ws5ible wrthout the commitment and contribub'on made by the enthusL¥tlc volunteers who freely gNe their lime for the benefit of ohler p￿p]e in the area. During the year volunteer number8 r￿ained khv a8 many did not return as there was still a faar of Covid. Trust All trustees ￿Pre expected to attend at l&ast one fomial trainiThJ course wyearto deveknp their roles. Communutions and Fundrdisin Social M￿78 continues lo a￿MUlate further folkiwers and has been a key way to communicate me88age8 through the pandemic. A part time sell-empby&S fundraiser was engaged by ts Charity to supwt Iwth fvndraising and marketing support. I radhj and press have been helpfvl in oureommunK￿ion8 th5s year. • Fundralslng activities and Income generntion The Charity has undertaken various fijndraising activit￿ on a much smaller scale than usual during the finanaal year in order to raise aJdiliDnal funds. wrth the aim of applying these towards the tharitable objectwes. The Charity has ensur8d COm￿lar￿ with th8 apprcyriate fundratsing reguL8tions. Financlal rèvlew Golng conc9rn After making approprkgte enquiries, the TNstees have a reasonable expectatKsn that the Charity has adequate r8sources lo continue in q)erational existerte for the foreseeable future. For this reason, they continue to adopt the g￿ng concem basis in preparing the financd stateménts. Further details r8gar(ling the adoption of the going eoncern basis can b6 fourKI in the accounting policigs. Much work was done cost control, efficienLry saving5 and income dwelcymenL and as such the Board of TNstees are expecting lo see fvrther sustainabilty measures in 202￿23. Page 8 AGE UK FAVERSHAM AND sirnNGBOURNE IA Company Limlt•d by Guarantee) TRUSTEES. REPORT IcoTr¥fiNUEDI FOR THE Y&4R ENDED 31 MARCH 2022 • Resèrv8s pollcy The Charity needs r&8erves to safeguard its day to day services by maintairbing a positsve cashflow po$itvJn Ihout recoursg to borr(Y•ving. The reserves Fvliry r6 revwed when consid8ring the annual budget and setting harge8 and spending18vels for the ftirthwming [inar￿1 year. A designaw fijnd was created in the comparative to alkyw staff redundancy promsion in th8 ovent of the Charity being wound up. This had an effect of the level of free reserves, but was felt to be a prudent action. A working balance of months gross operating costs is regarded as a rea8onable18v81 of free reserves for th8 Charity lo hold. Wrth these costs being an 8Stimaled £6lS.Crf￿. the Charity t￿ been able to a¢hieve this target in the 2021122 financial year. Thè Charity dosed the year in a tK)sitK)n i)f slrength in terms of reseNes. Hcrrtever, in 14qhl of the reduction in funding from Kent County coun￿1. and he￿e a predictwl k)ss in the 2023 ffinancid year the trustees dèemed it PTud8nt to revise the pdiw accotdingly. The re8erve poky s81 was to nwntain free reserves of £1(KI.CKJO in order trj me8t dose dtswn costs. Thls pollcy 11 be revIev￿d on a quartety basis. • Prfnclpal risks and uncertalntl89 The Charity continues to pos￿¥6￿ manage risk a8 8 hKJh priority. Risks aro identrfied by the Board of Trustees on a regular basis against a Risk Register. whtch is updated as necessary. Guidance and instmction to Ihe Board from the Charty ¢(￿mIsS￿n 7knLrt managing risk re9ularfy re￿eW and impthented. The main risks Ihal face the Charlty are: - Loss of core grants from the Local Authority wh￿h wwkl represent a signfftanl105s of income. - Unplanned capital expenditure on repairs and replacements lo premises and vehiclès. - Reduced demand for services. - Increased cost of provMJing serviw. - Competition for some semees from other provwjers. Principal lundlng Despite many years of rec8Mng nUMer￿S legacies, donations arKI s>Jre funding. these resources remain on the decline. The cessation of core statutory grants. and th& replacemenl of these wilh competitive contracts will mean that th8 charitywill have to look at fijll cost recovery for its rr￿in seTri The Tru8tees have continued to Iixjk at other ways lo fijnd required seNices to the community. Future slral8gy includes the opening of new se￿iceS whKh wil be sdf4ustainable or fijnded by sources other Ihars statutory funding. W8 also plan lo collatorate V￿th dher organisatk)ns to work to reduce C¥Jsts and increase r8ach. Page 9 AGE UK FAVERSHPJI AND srrTINGBOURNE IA Company Umlted by Guarantee) IRUSTEES. REPORT Icoi¥fiNUED} FOR THE YEAR ENDED 31 MARCH 2022 • Resums for the year The results for the year are Sel Cmjt wthin the Statement of financial acti¥￿e5. and shows a sutplus for tho year of £153,096 12021: £215,581), with total incomg of £1,385,637 12021.. £1,242.599> and total expel￿rtUre of £1,232,541 {2021.' £1,027,018). As sel (￿l in the BalarKe sh88t, at th8 reporting date the Charity hddB total funds of £883,982. £458. 325 bein9 held in designated funds, £67.024 in restricted fund$. and £358,633 In unrestricted general lund8. Structurei governance and management • Constliutlon Age UK FaYerSh￿ and Slltsngt￿uMe is feyi81ered as a th￿lIable C(￿panY limit￿￿ by guarantee and was set up by a Memorandum ofAsseciation. • Methods of appolntment or election of Trystees Age UK Fa￿rsharn and Sittingboume recognkSes that eff8th tn￿188 r8cruitrnent and training Is one of the fundament￿ principles underpinning its governan￿. The Charity a180 recLyJni5es thal rneMbe￿ of the goveming body Should have a dNerse J3nge of skills, experience and knowledge. Furthermore, they 5houkl represent stakeholders and Service u8ers and aim to refigct fhe bxal community. The recfuitment pr(￿sS is undertaken 7*thh al prospective can(lidates beiTrJ grven a realist understanding of the duties invofved and the remit and the stwcture of the Charrty. AU Trustees are recruited in accordan(* with the Charws goveming dryxmenL Paje 10 AGE UK FAVERSHAM AND srrtlNGBOURNE (A C(Knpany Limiied by Guarantsel TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 MARCH 2022 Structurei govemance and managemènt Icontinyed Organlsatlonal structure and decl8lon4naklng polklos Genéral control and management of tha administrnlion of the Chanty is carried out by the Board of Trustaes who are appointed by way of nomination and eWKJll by the memLwship in accordance with the prctedures detailed in the governing docurnenl& The Board of Trustees is authorised to 8WK>int new trustees to fill vacan(ies through resonalk)n ￿ death of an ejasb.ng Iruslee. Pruspective trustees are inleTvTrewed by thè Chair and Chiel Execulrve Officer and. if appointed, are provided with a rde dV￿ription and are required to undertake ￿K1￿1￿)n training in the work of the organisation and its polici8s and pKx8dvr8S. Trustees fomiulate the 8tralegTC directD)n of the Charlty and have overall fespgnsibility for en8uring that the Charity has appropriate systems of control. financial and othemse. Responsibilty for day to day management of seThices is delegated lo th8 Chi8f ExecutNe Officer. Systems of Intem￿ control are despJnwJ to provide reason8bl8 but not absolute assurance again8t materHI misstslemenl or kjss. They indude.. - a strategic plan and annual b(￿et approved by tho Try￿tee$., - regular ￿nSIderatIon by the Trustees of financkql results. variance of budgets, non•financ¢al porformance - indicator3 arKI b&r￿hm8rkIrng ￿￿ews. - delegth'on of authority and segregati¢)n of duties. - identification and management of and; - regular review of th8 CharTVs policKgs p[r￿edUleS. Charity is a Brand Parts)er of Age UK and is required to meet tha national Charity Qudty Standards laid down by them. • Pollcles adopted for the Inductton and tralnlng of Trustees New trustees are given an information pack wh￿h indudgs copw of the Charitys governing documents and other relevant infomiation. They are also given induclb)n training and th8 support that they require to undertake their duties effedDiely. ong￿ng training is identified through annual reV￿wS and arrangements made for relevant training to be provided from eliher the Charty or other ext8md sources. TNslees also regu]ar brEfinBs M the work of the Chartty to help them ensure that its slated aims and c&jectiV8s are b8ing carri8d out in a PrrI￿ mannerwithin the financial re80urc68 available for that purpose. Employee Involvement Employees have been consulted on issues of conrEm to them by means of regular ched(-ins, appraisal and Staff meetings, and have been kept informed on speufic matters dire¢dy by management, this has been mainly by e￿oni¢ means due to the difficulty of getttng of the le￿ in one plac8 at the same time. All staff bri8fings are recorded and cireulaled by email. The Charity has implemented a number of detailed policias and procedures in reLqtion to all asp￿ of personnel and seNice delivery matters, including equality and dwer9ily, heallh and Safet￿, the protection of Vldnerab utts., data prolpLtion,' and c0nffidenll￿ty etc. An annual strategy day, inVo￿ng Trusle8s a￿1 sen￿r staff was hekl in February 2022. Pa3811 AGE UK FAVERSHAFIJ AND SITllNGBOURNE (A Company Umlted by Guarants•) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2022 Structure. governance and management {conllnued) Covld 19 The Covid 19 t￿nd￿[C has hod a massive impact across ev￿ aspect of our organisation. The changes In Govemment guldance and bckdown requirements put huge pressure on the senKJr lèe&lership team of the Charity to ensure al empbyees. vdunl*rs and our dients remained as safe as possible whilst continuing to support our clients to ensure they NbEre still ￿e14￿r￿j vital seNices and ensuring feelings of loneline88 and isolation was kept as b)w as possib￿. The fv11 impact of the pandem￿ on the UK economy 15 yet to be seen. but the Charty will ¢ontinu8 10 Seek lo mitigate this risk by following the UK Governm￿¥$ guidelines and adaptingldevekiping its own internal strategy. Our ¢llents had lost their daY-t￿daY physThl cOnt￿t ¥ia our day centr8s, our dementia dients had not been receiving the stThuSalior) and SOCI￿ interaction that they need, and their carers have redly struggled with isolation and 24n care requirements. We have worked hard to buihj C4)nfidence in all of our groups lo encourage people to retum to their pr8 CO￿7d groLVS. Ck)sure of some 88rwces resulted in our irKome redu(ang and the Gharity had to r&Aèvaluale their way of delivering seryices. The thange5 that have been made VMI be canitsl fopwarrj into our post parKlemic world. We have made significant changes to the 8ervKes we will operate moving fomard. social distsncing 1$ a real chanenge. given the limited space we have and the vulnarabilty of our dient base, that said, both th8 management team and board of trust￿ fed very h(peful and positi￿ for tho future. We are exploring areas of new incom8 and ways in which to grow our current business. We would like to tak8 this r¥>portunity to thank dl of the staff and volunteets who worked tirelessty through thé pandemic and their family members who supported th￿ to do so. We would also like to pay tribute to the many other local services who worked wth us lo ensure our dients were kept as safe as possible. We did lose a number of clients to the pandemic which was exc4t'onalty sad ané very hard for our team. They will never be foryotten and wll 8Ws remain in ourmmxw as part of ourAge UK F&S famity. Plans for future period$ The 8wpoinlmenl of an experienced Chief ExecutNe Officer has strengthened the Charitls Day to day managemenl and strategic visi￿. The Charity continues to seek lo control costs in all areas and lo achieve as much sustainable income as Possi￿e. Key areas for the futur& include the expansion and dovebpment of our serwee8 for people INing with d8mentia and th￿r carers. Funding continues to a key risk and a key prionty for thé Charity. The move by Kent County Council away from core grants, and t(wards contrth, continues arKI some services wll see this Iransfomiation in th8 coming year. Obtaining contracted income woukl be bernef￿al in that the future financ¢al position can be bptter managed through the knowledge of defin￿1 contrad perKrtJs. P￿Tr￿Ver. the risk of not wnning lenders gndlor securing further funding remains a possibiltty. The last three years have been a very difficult time for the Charity. bul Trustees are confident that a Board with 8 broad skill set, and a strong man￿ement team have ensured that a cnrner has been turned both operational and finanrialty. The Charivs purpose is lo meet the needs of tho ¢)ver 55.$ in the communrty we seNe, and Trustees are confident that this wlll continue to be thieved. Page 12 ## **AGE UK FAVERSHAM AND SITTINGBOURNE** ## **(A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Disclosure of information to auditors** Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that: - so far as that Trustee is aware, there is no relevant audit inf[o] rmation of which the charity's auditors are unaware, and - that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information. Approved by order of the members of the board of Trustees and signed on their behalf by: **----- Start of picture text -----**
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**Dr** E J **Wilcox** Treasurer Date 18 January 2023 Page 13 AGE UK FAVERSHAM AND 8frnNGBOURNE A Company Ummgd by Guarantee} INDEPENDENT AuD￿oRs. REPORT TO THE MEMBERS OF AGE UK FAVERSHAIA AND SITllNGBOURNE Oplnlon We have audited the financi81 statements of Ag& UK Faversham aThJ Sittsngboume Ithe'¢haritable company'l for the year ended 31 March 2022 which comprise the Statement ol Financkil Activities, the Balance Sheet, the Slalement of Cash Flows and the related note6. including a summary of significant accounting poSici85. Th8 financi81 roporting framewoTk that has been aPpl￿d in their preparat￿)n is applicab￿ law and United Kingd¢Jn A¢c(iunting Standard8, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republ￿ of Ireland, {United Kingdom Generalty Awted Ar£ounting Practicgl. In our opinxin the financial statements: give a true and tair ￿leW of the state of th8 charitable companls affairs as al 31 March 2022 and tsf its incoming resources and applicalion of resLw￿es, induding its ineomé 2nd exp8ndTtur8 for the year then ended., have been properfy prepar&J in accordance with Uniteil Kingdryn Generalty Accept8d Accounting practi￿., and have been prepared in accordance with the requir￿￿nts ofthe Chariknes Act 2011. Ba$ls for oplnlon We conducted our audit in ac1x￿dance wth Intemath)nal Standards on Auditing {UKI {ISA5 (UKII and applkablè law. Our respons￿1 ilities underthose standards are further described in thè Auditors, responsibilities for the audit of the financial statements seciion of our report. We 8re independ9nl of the Charitab￿ company Hi accordanc with thè ethical requirements that ?re reknnt lo our audit of the financial sts16menls in the United Kingdom, induding the Financial Reporting Counryl's Eth￿1 StarKlard. afKI we have fuKilled our other ethical r8sponsibi1￿eS in accordance with ￿se requirements. We believe that the audit 8vid8nc& we have obtained i sufficient and apprcpriate to pmmde a basis for our (￿lfil0n. Conclu81ons rnlaling to golng concern In auditing the ffinancial statements, have concludad that the Truste8s' uso of the going eoncem basis of accaunting in the preparatK)n of the financk91 statements is appropriate. Based on the work we have perfL¥med. we have not idenlif*d any material uncertainties rel81ing lo events or eondfftions that, indiwdualty or collecatvety, may cast s￿n￿lca￿t doubl on the charitabb cempanls ability lo continue a6 a going concom for a peric#J of al least m￿th$ from when th8 financial statemenls are aulh0ri5ed for issue. Our Tesponsibiltties and the responsibilitigs of the Trustees thtyth Jwecl to gc¥ng are described in th6 relevant sections of this retKJrL P￿e 14 AGE UK FAVERSHAM AND SIrnNGBOURNE {A Company Umlted by Guarnntoel INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF AGE UK FAVERSKAM AND sirriNGBOURNE (CONTINUED} Other InfomHtion The other infomalion comprises the Infom￿l￿)n induded in th& Annual Report ot￿r than the financial slalemenls and our Auditors, Report thereon. The Trustees are responsible for the other information contained within tho Annual Report. Our opinion on the financaal statwThnts does not cover the other information and, except lo the 8Xtent olhetwse explicitfy stated in our rewt.. we do K)1 express any fomi of assuranc8 condusts)n Ihereon. Our responsiblty is to reaj the 0th8r information and, in doing 50, consider whether the other infomalion is matellally inconsistent wth the ffinancial statements or our knrymedge r*fytsined in the Course of the audit, or olh8rwis8 appears to be materi￿lY misstated. If w8 Klenlrfy such material inCon￿sten¢105 or apparent malerid mi8slalemenls. we are required to detemiine ￿ether this gwes rise to a material misstalemenl in the financial statemen18 themselves. If, bas&J on Ihe work we have perfomied, we conclude that there is a rnalerial misstal&menl of this other information. we are rg]uired to report that facL We have nothing lo report in this regaTd. Matters on vthlch we are rèqulrod lo report by exopdoTh We have nott)ing to report in resped of the followng mattèts where the Charitie8 (Accounts and Report81 Regulations 2008 require5 US to reFQrt to if, in ¢)ur OFNnh)n: the infomiation gNen in the Trustee5' Rewt Is inconsistent in any material respect with the financial statements,. or $Lrfficienl aceounling rec(Kds have been kep( or the financial statements are rK)t in agreement wrth the accounting records and retums., or we have not receNed all the infoTmation and explanath)ns require for our audit. Responslbllltlos of trustg•s AS ewlained more fully in the Trustees, Re5pon8bilrfie8 Statement, the Tnjstees (who are also the directors of the charitable etsmpany for the Purposes of company la4¥) are responsib￿ for the preparation of Ihe financial slalemenls and for being satisfiad that thay give a true and fair view, and for such intemal control as the Twslees determine is n￿Sary to enabte the preparatTron of ffinanc4al statemenls that ar8 free from material mis8talemenl, whelher due to fraud ur error. In preparing the financial statements, th8 Trustaes are responsibl8 for assessing the charil8ble company's ability lo continue as a going concem. disclosing. as appI￿ab￿. matters related to going concem and using the going concern basis of ￿Qu￿ting unless Ihe Trust￿ eithèr intend to hquidate Ihe charitablo company or lo cease operations. or have no realistic alternatNe but lo do so. Page15 AGE UK FAVERSHAM AND sfrnNGBOURNE (A Cornpany Llmlled by Guarant99> INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF AGE UK FAVERSHAM AND SITTINGBOURNE (CONTINUED) Auditots. r8sp0nslb1l￿es for the audh of the financlal statements e have been appointed as auditor under s&tion 144 of the ChaiilkE Act 2011 and r8POrt in a￿rdance with the Act and relevant regulations made tsr having effecithereunder. Our objectives are to obtain reasonable assu[ar￿e thut vthether the fin8nag1 statements as a whole are free from material rnisstalemenl, whether due to fraud or error, and to issue an Auditors, Report that includ8s our opinion. Reasonable assurance is a high levd of assuran￿, but is not a guarantee that an audit conducted In accordancfr with ISAS (UK) wdl akyays delecl a rnaterial misstatement when il Èxi8ts. Misstatèments can arise from fraud or e￿01 and are considered material rf. irKIMdually or in th8 aggregate, they coukl reasonabty b8 expected to infiuence the economK ￿$￿)n$ of users laken ￿ the basis of these finanrAal Stalements. Irragularibes, induding fraud. are instances of nowonwliarKe ￿th laws and regulations. We design procedure8 in line with our reswnsibilities. outlined above. to dO￿t materia misstatements in respect ol irregularities, including fraud. Tho exient lo which our prC￿edUreS are capable of detedirkg irregulariti&8. including fraud is detailed bek)w. C8pabilty of the audit in detectrng irregularitses. including ftaud Bas￿ on our underslarKJing of the Chartyand thè sector a8 a w7TrJle, arKI through di¥￿sSIon with the Trust88S and other m8nag8m8nt {as rgquired by audrting slandardsl. we i(kntthed that the princip81 risks of noncompliance with laws and regulations rela￿ lo heath and safety, anli-brib8ry aTrJ employmenl law. We considered th8 extent to which nonrycompliance might have a material effect on the financial st8temenls. We aL80 considered those laws and regulations that have a direct inpact 11) the preParat￿n of the finatKia slatemenis such as the Charitios SORP {FRS 1021 s￿￿OrKI Edition (released October 20191, the Companie8 Act 20(6 {to leave in forcharitable conyanies bul reny)ve for uni•ed tharil*s) arKI othor relevant charty18gi81ation. We communic*ed idgnlffied laws and reguL8lions thre4￿hOUt ourteam and remained al&( to any indicatDns of nonrycomplkgnce throughout the audit. We evaluated Trust￿. arKI management's incentNes and opportLJnthes for fraudulent manipulation of the finanaal statements [Ir￿lUding the risk of oveTride of controls} and detemined that the principal risks rela￿ to.. posting inawwriatejournal entsies to increase revenue or reduce expenditure., and management bkgs in accounting estimates and judgerrEntsl areas of the financial statements. Aud prwEdures perfom)ed by the engagemnl team induded.. Discussions with management and asses5rr￿lrt of kn(y*n or suspected instances of non-(¥Jmpliance witr laws and regulations lindudiro health and safety) arKI traud. and Assessment of Klentified fraud risk factors,. and Rewew of cash expenditure to wnfirm no e￿de￿ of personal beneff(,' and Challenging assumpth)ns and judgements mad8 by managfftnt in its S￿3n￿Kant a¢counling estimates; and Perfomiing anawical proc&Jures to identify any unusual or unexpected reLqtion$hi)s, induding re18ted party transadions. that may indicate risks of material mNlatem8nt due lo fraud.. arKI Confimation of related part￿S with rnanagement, and miew of transactions throughout the par1￿ to identify any previousty undisclosed transactions with rekted parties oulside the normal course of business., and Reading minutes of meetings of those charg￿1 wrth govemance.. and Physical snspection of tangible assets susceplibie to fraud or irregulaty, and Review of significant and unusual transadions,. and Idenlify'ng and testing journal entries. in particular anymanual entrte8 made at tho year end for financial statement preparation. Becauso of the inherent limttations of an audit, there Ks a risk Ihal we will not d&lect all irregularities. including Ihos818ading lo a material misststemenl in the financial statements or non-compfiance with ragulalion. This risk increases the more that compliance with a th or reguktion is removed from the events and transactions refflecled in the finanual stat8m8nts, as we be kss likely to bec(ma aware of instsnces of non £g�:.� ..
Dr E J Wilcox
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The notes on pages 22 to 36 form part of these financial statements. Page 20 AGE UK FAVERSHAM AND SIThNGBOURNE (A Company Umited by Guarantse) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 IIARCH 2022 2022 2021 Cash flows from operating actlvlues Net cash in operatiw activtt 105,874 218,923 Cash flows from Invastlng actfvltles DNidend8, Interests and rents from investments Pr￿8@dS from the sale of intaThJible assets Purchase of tangible fixed assets 33,705 7,000 (50,7311 8.995 152.500 155.3691 Net cash (used Inyprovlded by Invgsting activits (10.026} 106,126 Cash flows from financlng activiiios Repayments of borrowing 15,0001 (3,2841 Net cash used In financlng actlvrtles (5,0001 13,2841 Change In cash and cash equlvalents In the year Cash and eash 6quivalenls at the beginning of Ihe year 90,848 319,765 498,804 179,039 Cash and ¢ash equfvalènts at the end of the year 589,652 498,804 The notes on p￿5 22 to 36 fcmi part ofthese finanoal slatetrr Page 21 AGE UK FAVERSHAM AND SITTINGBOURNE (A Company Umlted by Guarant•el NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 General Infomiatlon Ag8 UK Faversham & Sittingboume is a company lyniled by guarantèe with the company registration number 08412045 and the charity regk8tration num1￿r 1152234. The address of the registered office is The Old Fire Station, Crescent Road. Faver5ham. Kent. ME13 7GU and is the principal p18ce of business. The main 0￿.edS of the Chaiitable Ccmpany are to.. pr￿nt or religvo the povety of older people: t advance the eduCat￿n of older people., to prevent or relieve $￿klIneSS, di8ease or suffering in older peopl (whether emotional. mental or phys￿￿).. to 8SSiSt older p80pI8 ￿ need by reason of ill-heallh, disabifjty, financi￿ hardship, socia exdusion or other dk%adv8ntage'. and SLth other Charitab￿ purposes for tho benefrt of okler people as the trustees may from twne to time ￿￿K19, t1￿ outwrne of this being the tsmotlon of the well-being of okler people. Accounting policies 11 Basls of preparatl<)n of financlal ststements The financial statements have i￿n prepared in accordan￿ with lh8 Chaiities SORP IFRS 102) - Accounting and Reporting by Charilies.. Statement of Recommended Practi￿ applicable lo chari118S proparing thgir accounts in accordance ¥￿th the Financial R8POrting Standard applicable in the UK and Republic of Ireland IFRS 102) leffectNe l January 2019), the FinanrAal Reporting Standard applicab￿ In the UK and Republic of Ireland {FRS 102) arKI the Companies Act 20￿￿. Age UK Faversham and Sittingboume meets the definition rrf a public tenefrt enlity under FRS 101 Assets and liabilth&s are inrtidly recognis&g at historical cost or transa¢tion V￿￿e unless olheThvis8 Stat￿ in the relevant accounting p)ItcJ. Z2 Incomo All income is recogni￿￿ orKe Charity has entitlement to the incoma, it 18 probable that the Ine4)me wl be received a￿1 the anount of incom& rec￿& c4n be measured reliabty. The recc*Jnitr)n of income frOm18ga￿e¥ is dependent on 8Stablishing entiuemenl, t1￿ probabilty of receipt thè aNty to estimate with SU￿￿ent accuraw the amount receivabl&. Ewden¢e of entl￿ement to a ]egacy exists when the Charty has sufficient evKlence that a gift has been to them (through knowledge of Ihe exislerKe of a ¥￿id wil and the death of the benafaclorl and the executor is satisfied that the property in quèstion not be r8quired to satisfy Cla￿￿S in the estate. Receipt of a must b8 I￿ognIsed ¥then it is PTobEi)le that it wil be receNed and the fair value of the amount r￿1vab￿, which wiu generalty be the expected cash amount to be distributed lo the Charity. can be rdiabty measured. Grnnts are induded in the Stath8nl of Financial Acbvities on a ￿eNab￿ basis. Thè balance of income receNed for specific purposes but not e>pended during the period is slM)wn in the relevant funds on the Balan￿ SheeL Where income is receivad in advan￿ of entiuement of receipt, its recognition 18 deferred and ]￿lu￿9d in crgJ(tors as deferred inccme. Where entitlement occurs before inwme 1$ received. the income is ar￿￿￿. Income tax recoverable in relation to dwations receNed u￿￿er Gift ￿ or d￿18 of covenant is ognised at the time of the donalion. Income tax r￿o¥erable in rdakn to investment inccthe is recognt5ed at the time the inve8tsnenl ￿n￿rne is receivable. PgJe 22 AGE UK FAVERSHAM AND srmNG8OURME {A Company Umlt8ql by Guarantrel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 klARCH 2022 Accountlng pollcles {contlnued 2A Expendlture Expendrtur8 is recogniwl onc8 th8r8 is a baal or Constr￿t￿e eA)Ilgati)n to transfer econtjnic benefrt to a third paty, it is probable that a transfer of economic benefits will be required in settlement and the amount of the thligation be measur•J relk8bty. Expenditure 15 classrfied by actmty. The costs of each actiwty ap mae up of the tclal of direct rthts and shared costs, irKluding sUPPQrt costs invofv8d in und8rtaking each activity. Direct costs attnt)utable to a Sing￿ &tiwty are allocated direct to that activlty. Shared costs which contribute to more than one atstrwty and support costs which are not attributable to a singk actNity are w>rtioned betweon those on a basis consistent with the use of reS￿jrees. Centrdl staff eosls are dl(Thted on Ihe basis of time $pen( and depreciatton charges allocated on the portion ofthe asset's us& Expenditure on raisiw fvnds indudes al expenditur8 incuThed by the Charity to raw funds for its charitable pury)0ses and indudes costs of all fundraising ￿1VItieS events and nonsts Motor and travel expenses Staff trainir Rent & room hire Insurance Repairs and mairrtenanGe Printing, postage, stationery and t*hone Leg￿ and professional fees Miscellaneous expenses Restricted grant experKliture 620,426 115,013 35,723 395 3,455 593 23,119 1.774 82 450,634 78,390 33.537 11,498 27.744 812.078 590,305 Analysi¥ of support costs Page 28 AGE UK FAVERSHAM AND sirnNGBOURNE (A Company Limfted by Guarante8) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Anatysls of frxpendlture by actl¥ltl8s (continued) Analy818 olsupport costs (continued} Total funds 2022 Total funds 2021 Staff costs DepfeGial¥)n staff tr8ining Rent & room hir8 Bad debts L￿h1, heat antl water rate8 Bank charges and interest Insuran Repair5 and maintenance Lgasing costs Printing, ￿stage, ststionery and tdephone Legal and profess￿nal fees Audli orfs r*nuneralion Loss I Iprofftl on disposal of fixed assets Miscellaneous expenses 196,257 24,604 4,391 13,860 8,020 10,748 9,494 10,888 80,036 6,607 308,221 23,128 2,724 17,604 7,447 14,784 5,225 9,910 64.180 8,338 li 20,Q85 5,296 5,400 17,0001 31,089 21,182 12.919 6.912 174.3541 8,157 419,755 436.375 Auditors. remuneratlon The audrfcors, remuneration amounts to an auditrK f8e of £5,4C() {2021- £6,912). 10. Staff costs 2022 2021 Wages and salarres Social secuiity costs Contribution lo defin&1 cc￿tr￿Ut1on pension sCh￿eS 768,487 38,768 9.428 719.878 29.799 9,178 816,683 758.855 The average number of pwsons 8mployed by the Charity during the yearwas as folkn￿.. 2022 2021 No. Emptyee8 51 61 P4e 29 AGE UK FAVERSHAFII AND srrnNGBOURNE IA Company Umltgd by Guarant99) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 10. Staff costs Icontinugdl No employee recaved remuneration *nounting to more than £60,0(M) in eitheryear. The remuneration of Ihe key management personn81 in the year, incjuding 8mployerfs national insurance contribut￿n6. amounted to £64.98012021- £63,218) 11. Trustees. remuneratlon and expens05 During the year. no Trustees T8C8P48d any remuneration or other benefit812021- £NILI. During the year e￿Ied 31 March 2022. no TnJstee expènses have baen incurred12021- £NILI. 12. Tangible fixed ass01s Freehold Motor Fixtures and vehides frttings Total Cost or valuatlon Al 1 April 2021 Additions 282,087 38,882 45,380 103.817 5,353 424,786 50,733 At 31 March 2022 282.087 84,262 109,170 475,519 Depreclation At 1 April 21y21 Chotge for the year 27.329 12,764 7,656 75,340 12.444 115,433 24,6()4 At 31 March 2022 31.833 20,420 87,784 140,037 Net l)ook value At 31 March 2022 250.254 63,842 21,386 335,482 At 31 March 2021 254.758 2S,118 28,4TT 309.353 13. Stocks 2022 2021 Finished goods and goods for rasale 4,068 2,437 PaJ& 30 AGE UK FAVERSHAM AND srrTINGBOURNE IA Company Limltod by Guarantse) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 1& Dèbtors 2022 2021 Duo wlthln on• y￿r Trade debiors Oth8T debtors Pr8pa￿errtS and accnjed incon 55,932 42.863 182 1,170 3,106 59,038 44,215 15. Credltors: Amounts falllng due wlthln OM yoar 2022 2021 Bank loans Trade creditors Other laxalion and social S￿rity Pension fund loan payable Other creditors Accruals and d8lerred inc4)me 4,405 1S,081 12,882 4.060 22.142 2.971 15.839 250 36,892 51.235 71,688 16. Credltors: Amounts falllng due after more than one year 2022 2021 Bank loans 53,022 52,235 Page 31 AGE UK FAVERSHAM AND SITTINGBOURNE IA Company Umlted lry Guarnnteel NOTES TO THE FINANCLAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Statement of fvnds Statement of funds- curr9nt ygar Balance at 31 March 2022 B*nce at 1 April 2021 Transfers I￿out Ir￿C￿e Expendiiure Unrestrictgd funds Deslgnated funds FIx￿j Asset Fund R8dundancyFund Building Fund IT Sales Forc& Fund 309,353 134.713 {23.4811 16,743 19.3391 30.c￿0 15.￿0 302.615 125.374 15.336 15,000 {14.6641 138.1451 52.404 458.325 General funds General Funds- all funds 270,678 1.245,620 (1,112,708) (44,95n 358,633 Total Unrnstrlctèd fvn(ts 714.744 1,245,620 (1,150,853) 7,447 818,958 Restrict8d funds Restricted Donat￿n8 Varijus Dementia Cafe3 Cdyer F8rguson COMF Electric P8r*)le Carrier Swae Self Isolat￿n Fund Staff Wellness Grant Walknng Football Funds WRRF ICF BensteAI Charity Grant East Kent Strategy PPE Grant swa￿ Lighting Grant Clothwother Foundalk)n Fund Walkiw Netball Funds 7.447 4.590 4.105 3,510 4.590 1816} 1450} {4.105) 110,482) (4,661) 17,447) 2,694 8,730 43,348 25,000 650 32,866 20,339 650 1,311 (3,689) {5,225) (32,576) {1,5LK)) (662) {9,095) {5,OCK)I <3,4271 5,225 32.660 1,000 9.095 5,000 3,439 338 12 16.142 140,017 (81,6881 (7.4471 67,024 Total of hjnds 730.886 1.385.637 11,232,541) 883,982 Page 32 AGE UK FAVERSHAM AND SITTINGBOURNE (A Company Llmrted lyy Guarnnts81 MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 17. Statement of funds {contlnued} statement offundg- prfor year BaL9nce at 31 March 2021 BalarKe at 1 April 2020 Trdnsfers hvoul Irwne Expenditure Unrestricted fun(ts Deslgnated funts Fixed Ass8t Fund Redundancy Fund 35S.256 111.426 20.016 123.1261 19.1941 (42,793) 32,481 309.353 134,713 466.682 20.016 132.3201 (10.312) General funds General Funds- all fvnds 47.128 1,119,356 (903,213) 7,407 270,678 Total Unrgstrlctgd funds 513.810 1.139,372 (935,533) I2.s￿5} 714,744 Restrlcted funds Restricted DonatNJns Vari)us Dementia Cafes 6,500 4.590 9,428 20,O¢J) 480 7,447 4,590 4,105 Colyer Ferguson Liwng Well Day Care R8furbishments Reslricled Grarrts Various ICF WCF Ag8 UK Emergency Fund Chatity Loan Spend Care Navigator {3.7091 {20.5481 (1,6141 14801 9.156 9,262 3.151 6.652 19.156} 19.262} 13.151} 16.652) 14.519} 134.488) 4.519 1.495 103,227 (91.485) 2.905 16,142 Total of funds 515.305 1.242.599 {1,027.0181 730,886 P￿8 33 AGE UK FAVERSHAM AND sfrnNGBOURNE (A Clynpany Umlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 18. Summary offunds Summary of funds -currgnt year Balance al 31 March 2022 Balan￿ at 1 April 2021 Transfers inloul Incc*ne Eynditure Designated funds General fvnds Restricted funds {38,1451 1,245,620 (1,112,708) 140,017 181,6881 52.404 144,9571 (7,4471 458,325 358,633 67,024 270,678 16.142 730,886 1.385.637 11,232.5411 883.982 Summary offund$- prloryear BaLgnce at 31 March 2021 BalarKe at 1 April 2020 Ttansfers inlout Inc(xne ExFenditure Designated fijnds General fijnds Reslricled funds 466.682 47.128 1.49S 20.016 1.119.356 103.227 (32,320) (903.213) (91.48S) {10.312) 7.407 2.905 444,066 270,678 16,142 515,305 1.242,599 11,027,018) 730,88e 19. Anatysis of net assets between funds Anatysls of net assets between fund5- current yaar Restricted RestrKted funds - class funds 2022 Unrestiicted funds 2022 Total funds 2022 2022 Tangible fixed assets Curr&nt asS8ts CredIt￿S due within one year Creditims due in more than one year 302.615 618.600 151,235> 153.022} 335.481 652,758 {51,2351 {53,022} 34.1 $8 Total 816.958 67,024 883,982 Page 34 AGE UK FAVERSHAM AND SITllNGBOURNE IA Company Llmited by Guarantee) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 19. Anatys18 of net a￿ts belween funds {contlnued} Anatysis of net assets bet¥￿en funds . prlor year Unrestrited funds 2021 Restrict funds 2021 Totsl fuThJs 2021 Tangible ffixed assets Current assets Creditors due ￿￿thIn one year Creditors due in more than one year 309,353 529,314 171.6881 (52.235) 309,353 545,456 171,6881 152,2351 16.142 Total 714,744 16,142 730,886 20. Roconclliafjon of net movement In funqls to net cash flow from operatlng a¢Uvltles 2022 2021 Net income for the year las per Statement of Financral Actiw"lies) 153,0 215,581 Adju8tm•nts for. Depreciation charge¥ Dividends, interests and rents fr(xn investsnents Profrt on the sale of fLxed assets Increase in stocks Decrea8el{in¢rease) in debtc Increaselldecreasel in credrtors 24,604 {33.705} <7,000) {1,631) {10,005) (19,485) 23,126 18,9951 174,3541 (2,4371 28,4 35,506 Net cash provlded by opèratlnll actfvltlas 105,874 216,923 21. Anatysls of cash and ¢a8h equivalents 2022 2021 Cash in hand 589,652 498,804 Total ¢a6h and cash equivalpnts 589.652 498,804 Pag8 35 AGE UK FAVERSHAM AND sirnNGBOURNE A Company Umiled by Guarantge) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 22. Anatysb of changes In ngt dobt At 1 April 2021 Cash flcws At 31 March 2022 Cash al bank and in haThl Debl due within 1 year Debt dupafter 1 498,804 14,060} (52.235) 90.848 1402> 178n 589,652 14,462} {53,022) 442.509 89,659 532,168 Pension commitments The Charity operntes a defined con1r￿ltiOn Fenshjn schemè. The assets of th8 scheme are held separately from thos8 of th8 Charity in an indyndentty administered fund. The pension cost charge represents contribul¥)ns payable by the Charity to the fund and amounted to £9.428 {2021 £9,178}. Conlributtons totdling £57 {2021 £Nill were payabl2 to the at the balance Sheet date and arè included in creditors. Operatlng 18as8 commitmonts Al 31 March 2022 the Charty had C(￿nMItMents to make future minimum lease payThents under non- cancellable operating leases as f(4kJws: 2022 2021 Nol18ter than 1 year Later than 1 year and not later than 5 years 5,124 3.204 9,013 1.920 8,328 10,933 Related party iransactions Dr E J Wilco& Trustee, is ￿s0 a trustee of The Rotrdy Club of Faversham Trust Fund. During the financial year. the Charity receNed incx)me from The Rotary Club of Faversham Trust Fund of £Nil (2021.. £500). There are no wnounts outstanding al the balarKe sheet date121Y21.' £Nil}. Paje 36