**Charity Registration No. 1165856**
**Company Registration No. CE006799 (England and Wales)**
# **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022**
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Hazel Williams MBE David Bruch Clive Adkin Adrian Kirby John Holdich OBE Alison Reid Jeremy Alexander Julie Weaver Anthony Clark (Appointed 29 April 2022) **President** Dr Stephen Webster MA, MD, FRCP **Chief Executive** Melanie Wicklen **Charity number** 1165856 **Company number** CE006799 **Registered office** South Fens Business Centre Fenton Way Chatteris Cambridgeshire United Kingdom PE16 6TT **Auditor** Azets Audit Services Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Statement of trustees' responsibilities|5|
|Independent auditor's report|6 - 8|
|Statement of financial activities|9|
|Consolidated balance sheet|10|
|Charitable incorporated organisation balance sheet|11|
|Statement of cash flows|12|
|Notes to the financial statements|13 - 31|
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their report and financial statements for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).
## **Objectives and activities**
The objects for which the CIO is established and to which it is specifically restricted are to promote the following purposes for the benefit of the public and/or older people in and around the area of benefit:
- Preventing or relieving poverty;
- Advancing education;
- Preventing or relieving sickness, disease or suffering (whether emotional, mental or physical);
- Promoting equality and diversity;
- Assisting people in need by reason of ill-health, disability, financial hardship, social exclusion or other disadvantage; and
- Such other charitable purposes for the benefit of older people as the Trustees may from time to time decide.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Achievements and performance**
The following summary of our work and achievements during the year highlights the number of enquiries, contacts, attendances and so on. Our aim is always to respond to the individual and their unique circumstances, taking a person-centred and wraparound approach in all we do.
This year was again affected by the Covid pandemic, meaning that some services were delivered to a reduced number of service users to allow for social distancing. Some services did not re-open until part way through the year and the level of complexity for older people seeking help significantly increased, resulting in case work taking up to three times as long to support.
Reliable and timely information is required to make informed choices and during the year the Information Services, including welfare assistance, provided support and guidance with over 11,000 enquiries. We estimate that we helped older people claim more than £1.3 million in welfare benefits and grants, supporting access to services, reducing poverty and also supporting the local economy.
Our Visiting Support Service in Fenland, East Cambridgeshire and Huntingdonshire supported 1,175 cases during the year and received 568 new referrals, helping older people who found themselves in unexpected and difficult situations, to access longer term support and solutions. The new Visiting Support Service in Peterborough, which started as a pilot in August 2021, supported over 40 cases at any one time. The Girton Older Residents’ Co-ordinator has continued to make connections with older people and local community groups, supporting individuals who needed help to access assistance and social activities, with a particular focus of supporting local groups to continue after the pandemic.
Providing the opportunity for social contacts and activities, the day centres again saw fewer attendances due to having to suspend sessions and offer a reduced capacity, however 74 service users regularly attended our six centres across the county. In addition to this, a total of 131 welfare calls were made to support those who were not able to attend.
The Friendship Clubs continued to be suspended but connections were still made within the communities. Unfortunately, it did mean a number of clubs’ volunteers took the decision to leave their positions, for various reasons, so Age UK Cambridgeshire and Peterborough staff have been supporting the recruitment of new individuals to take the groups forward.
Community Wardens provided daily contact and help with small tasks with the number of schemes rising again from 19 to 20 during the year. These provided regular, often daily, help to an average of 216 older people in their own homes.
548 volunteers supported older people through our Sharing Time service, Telephone Befriending, at Day Centres and in Friendship Clubs, as well as some providing administration support to the charity.
Our Cambridgeshire Handyperson Service and Home Checks, in Peterborough, provided support to 1,374 households, which includes 142 individuals helped to be safely discharged from hospital with practical measures such as the installation of key safes and carrying out furniture moves to allow for hospital beds to be delivered.
Our Winter Pressures/Hospital Discharge Admission Avoidance service provided 4,474 welfare calls and visits to nearly 400 older patients recently discharged from hospital.
- 2 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
We are still only able to accept half capacity within our day centres which means less opportunity for those most isolated older people to attend. We work with commissioners to carry out ventilation checks to enable us to open up to full capacity as soon as feasibly possible.
The country is experiencing a severe Cost of Living Crisis, which is of particular concern for older people, who are either struggling with the financial pressures they currently face or are deeply concerned that they too will be affected by this during the forthcoming winter. We are actively prioritising access to grants for older people finding it difficult to pay for essentials, such as fuel and food. We are also locally administering the older persons’ element of the government’s Household Support Fund.
It is imperative to ensure that older people know who we are, what we do and how to get in touch with us. Much of our media participation was focussed on the gradual reduction in Covid restrictions, vaccine boosters and the Social Care Reform. We carried out 46 talks and presentations and took part in 19 radio and 9 TV interviews whilst also increasing our presence on Facebook, Twitter and Instagram to 3,363 followers.
Our campaigns during the year focussed on reducing isolation and preventing loneliness, particularly after the detrimental impact Covid has had on health and wellbeing. Campaigns highlighted awareness of the Health and Social Care Reform, the Cost of Cold, fundraising and access to services and support.
In the coming year we will focus on addressing the rising cost of living and the wider impact this can, and will, have on the lives of older people. We will also actively lobby on the gaps in service provisions across the county, listening to and working with older people to ensure these areas of concern are heard and to impress the positive impact of providing early intervention and preventative services, benefiting individuals, carers and families and reducing pressures on local statutory services.
## **Financial review**
The accounts for Age UK Cambridgeshire and Peterborough have been prepared in line with the relevant regulations and guidance (as set out in note 1.1 to the accounts).
Total group incoming resources of Age UK Cambridgeshire and Peterborough for the year were £2,263,496. Total incoming resources consisted of £668,506 unrestricted funds, £12,584 designated funds and £1,582,406 restricted funds.
Total group resources expended before reallocation of support costs were £2,117,920 of which £595,539 was unrestricted funds, £22,915 designated funds and £1,499,466 was restricted funds.
A gain on revaluation of investments of £1,644 was recorded in the year.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure. The trustees consider reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised or costs reduced. Based on the current level of expenditure this would require unrestricted reserves to be in the range of £530,000 to £1,060,000. The current level of unrestricted funds at £897,685 is within the range set by the policy. In addition to the unrestricted funds there are restricted funds that were previously unrestricted in the former charities but are now restricted by geographical area following the merger. The trustees recognise the external uncertainties that still exist for the Charity and its service users following the pandemic and consider that the current level of unrestricted reserves provides both a strong base for the Charity, as it begins to rebuild and recommence its services and activities, and provides opportunities for positive developments within the charity’s structure and offerings.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 3 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Structure, governance and management**
The charity is a charitable incorporated organisation (CIO) limited by guarantee established on 3 March 2016.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
|Hazel Williams MBE||
|---|---|
|David Bruch||
|Clive Adkin||
|Adrian Kirby||
|John Holdich OBE||
|Brian Parsons|(Resigned 29 October 2021)|
|Alison Reid||
|Michael Bond|(Deceased 18 July 2022)|
|Jeremy Alexander||
|Julie Weaver||
|Anthony Clark|(Appointed 29 April 2022)|
The trustees are the members of the CIO. None of the trustees has any beneficial interest in the CIO and have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities.
The Board of Trustees, which is required to have a minimum of three members, governs the charity. The Board meets a minimum of 4 times a year. A sub-committee covers finance and other ad hoc groups are established for specific tasks.
The day to day operation of the charity is delegated to the Chief Executive, working with a senior management team which comprises:
- Chief Operating Officer
- Chief Partnerships Officer
- Chief People Officer
## **Auditor**
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting.
The trustees' report was approved by the Board of Trustees.
Hazel Williams MBE
21 October 2022
- 4 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees, who are also the directors of Age UK Cambridgeshire and Peterborough for the purpose 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 which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that 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.
- 5 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **INDEPENDENT AUDITOR'S REPORT**
## **TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **Opinion**
We have audited the financial statements of Age UK Cambridgeshire and Peterborough (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice).
- In our opinion, the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
- 6 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **Matters on which we are required to report by exception**
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
- the information given in the financial statements is inconsistent in any material respect with the trustees' report; or
- sufficient accounting records have not been kept; or
- the financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of trustees**
As explained more fully in the Statement of Trustees' Responsibilities, the trustees , who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
## **Auditor's responsibilities for the audit of the financial statements**
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
- 7 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)**
## **TO THE TRUSTEES OF AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **Extent to which the audit was considered capable of detecting irregularities, including fraud**
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:
- Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
- Reviewing minutes of meetings of those charged with governance;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
## **Use of our report**
This report is made solely to the charity’s trustees, as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.
**Mr Mark Jackson FCA DChA (Senior Statutory Auditor) for and on behalf of Azets Audit Services** 21 October 2022 **Chartered Accountants Statutory Auditor** Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP
Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
- 8 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Current financial year**
**Unrestricted Designated**
**Restricted**
**funds**
**funds**
**funds**
**2022**
**2022**
**2022**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
47,202
500
15,846
Charitable activities
**4**
599,922
5,352
1,566,465
Other trading activities
**5**
2,730
-
95
Investments
**6**
2,912
-
-
Other income
**7**
15,740
6,732
-
**Total income**
668,506
12,584
1,582,406
**Expenditure on:**
Charitable activities
**8**
595,539
22,915
1,499,466
Net gains/(losses) on investments
**14**
1,644
-
-
**Net incoming resources before transfers**
74,611
(10,331)
82,940
Gross transfers between funds
(3,704)
141
3,563
**Net movement in funds**
70,907
(10,190)
86,503
Fund balances at 1 April 2021
826,778
45,518
687,756
**Fund balances at 31 March 2022**
897,685
35,328
774,259|**Total**
**2022**
**£**
63,548
2,171,739
2,825
2,912
22,472
2,263,496
2,117,920
1,644
147,220
-
147,220
1,560,052
1,707,272|**Total**
**2021**
**£**
136,946
2,140,548
27
3,638
38,445|
|---|---|---|
|||2,319,604|
|||1,904,385|
|||10,029|
|||425,248
-|
|||425,248
1,134,804|
|||1,560,052|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 9 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Prior financial year**
|**Unrestricted Designated**
**Restricted**
**funds**
**funds**
**funds**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
56,294
-
80,652
Charitable activities
**4**
581,221
-
1,559,327
Other trading activities
**5**
27
-
-
Investments
**6**
3,638
-
-
Other income
**7**
31,210
7,235
-
**Total income**
672,390
7,235
1,639,979
**Expenditure on:**
Charitable activities
**8**
299,789
9,763
1,594,833
Net gains/(losses) on investments
**14**
10,029
-
-
**Net incoming resources before transfers**
382,630
(2,528)
45,146
**Net movement in funds**
382,630
(2,528)
45,146
Fund balances at 1 April 2020
444,148
48,046
642,610
**Fund balances at 31 March 2021**
826,778
45,518
687,756|**Total**
**2021**
**£**
136,946
2,140,548
27
3,638
38,445|
|---|---|
||2,319,604|
||1,904,385|
||10,029|
||425,248|
||425,248
1,134,804|
||1,560,052|
- 10 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **CONSOLIDATED BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**15**
Investments
**16**
**Current assets**
Debtors
**17**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**18**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**19**
Designated funds
**20**
Unrestricted funds|**2022**
**£**
**£**
379,925
64,416
444,341
249,684
1,127,026
1,376,710
(113,779)
1,262,931
1,707,272
774,259
35,328
897,685
1,707,272|**2021**
**£**
**£**
406,585
62,771
469,356
63,566
1,147,329
1,210,895
(120,199)
1,090,696
1,560,052
687,756
45,518
826,778
1,560,052|**2021**
**£**
**£**
406,585
62,771
469,356
63,566
1,147,329
1,210,895
(120,199)
1,090,696
1,560,052
687,756
45,518
826,778
1,560,052|
|---|---|---|---|
||||469,356
1,090,696|
||||1,560,052|
||||687,756
45,518
826,778|
||||1,560,052|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts were approved by the Trustees on 21 October 2022
David Bruch **Trustee**
**Company Registration No. CE006799**
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## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**15**
Investments
**16**
**Current assets**
Debtors
**17**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**18**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**19**
Designated funds
**20**
Unrestricted funds|**2022**
**£**
**£**
379,925
64,418
444,343
249,684
1,127,026
1,376,710
(113,781)
1,262,929
1,707,272
774,259
35,328
897,685
1,707,272|**2021**
**£**
**£**
406,585
62,773
469,358
63,969
1,145,274
1,209,243
(118,549)
1,090,694
1,560,052
687,756
45,518
826,778
1,560,052|**2021**
**£**
**£**
406,585
62,773
469,358
63,969
1,145,274
1,209,243
(118,549)
1,090,694
1,560,052
687,756
45,518
826,778
1,560,052|
|---|---|---|---|
||||469,358
1,090,694|
||||1,560,052|
||||687,756
45,518
826,778|
||||1,560,052|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts were approved by the Trustees on 21 October 2022
David Bruch **Trustee**
## **Company Registration No. CE006799**
- 12 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **STATEMENT OF CASH FLOWS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**26**
**Investing activities**
Purchase of tangible fixed assets
Investment income received
**Net cash generated from/(used in)**
**investing activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
**£**
(23,215)
-
2,912
2,912
-
(20,303)
1,147,329
1,127,026|**2021**
**£**
**£**
455,188
(34,157)
3,639
(30,518)
-
424,670
722,659
1,147,329|
|---|---|---|
- 13 -
**AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
Age UK Cambridgeshire and Peterborough is a charitable incorporated organisation registered on 3 March 2016 in England and Wales. The principal address is South Fens Business Centre, Fenton Way, Chatteris PE16 6TT.
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. In arriving at this conclusion the trustees have considered the impact of the coronavirus and they believe that all appropriate steps have been taken to ensure the future viability of the charity.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Donations are recognised on receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grants are recognised once the charity has been notified of the grant unless performance conditions require deferral of the amount.
- 14 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Expenditure is included on an accruals basis. Expenditure includes irrecoverable VAT. Resources expended on charitable activities comprise those costs incurred by the charity in the delivery of its activities and services.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings Over 50 years on a straight line basis on buildings Leasehold land and buildings Over 25 years on a straight line basis Office equipment Over 3 years on a straight line basis
No depreciation has been charged on the freehold buildings in the year due to significant periodic maintenance and net realisable value is considered to be at least equal to net book value.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Fixed asset investments**
Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **1.8 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
- 15 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
- 16 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted Endowment**
**Restricted**
**funds**
**funds**
**funds**
**designated**
**£**
**£**
**£**
Donations and gifts
25,400
500
12,646
COVID related grants
3,798
-
-
Legacies receivable
18,004
-
3,200
47,202
500
15,846
**For the year ended 31 March 2021**
56,294
-
80,652|**Total**
**2022**
**£**
38,546
3,798
21,204
63,548|**Total**
**2021**
**£**
55,966
80,980
-|
|---|---|---|
|||136,946|
|||136,946|
## **4 Charitable activities**
|Invoiced services
Grants
Other income
**Analysis by fund**
Unrestricted funds
Designated funds
Restricted funds|**2022**
**£**
420,040
1,705,876
45,823
2,171,739
599,922
5,352
1,566,465
2,171,739|**2021**
**£**
286,036
1,772,564
81,948|
|---|---|---|
|||2,140,548|
|||581,221
-
1,559,327|
|||2,140,548|
- 17 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **5 Other trading activities**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**£**
**£**
Fundraising events
2,730
95
**For the year ended 31**
**March 2021**
27
-|**Total**
**2022**
**£**
2,825|**Total**
**2021**
**£**
27|
|---|---|---|
|||27|
## **6 Investments**
|Income from listed investments
Income from unlisted investments
Interest receivable|**2022**
**£**
546
2,336
30
2,912|**2021**
**£**
402
2,948
288|
|---|---|---|
|||3,638|
## **7 Other income**
|**Unrestricted Designated**
**funds**
**funds**
**£**
**£**
Rent receivable
15,740
6,155
Commission received
-
-
Other
-
577
15,740
6,732
**For the year ended 31 March 2021**
31,210
7,235|**Total**
**2022**
**£**
21,895
-
577
22,472|**Total**
**2021**
**£**
28,220
7,990
2,235|
|---|---|---|
|||38,445|
|||38,445|
- 18 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **8 Charitable activities**
|Staff costs
Other costs
Share of support costs (see note 9)
Share of governance costs (see note 9)
**Analysis by fund**
Unrestricted funds
Designated funds
Restricted funds|**2022**
**£**
1,220,359
202,801
1,423,160
637,752
57,008
2,117,920
595,539
22,915
1,499,466
2,117,920|**2021**
**£**
1,095,657
185,266|
|---|---|---|
|||1,280,923
602,762
20,700|
|||1,904,385|
|||299,789
9,763
1,594,833|
|||1,904,385|
- 19 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **9 Support costs**
|**Support costs**
**Governance**
**costs**
**£**
**£**
Staff costs
380,777
-
Training and conferences
204
-
Travel expenses
6,757
-
Rent and service charges
33,600
-
Repairs and maintenance of premises and
equipment
5,527
-
Cleaning
6,460
-
Insurance
30,494
-
Telephone and computer expenses
58,311
-
Membership
385
-
Food and drink
6
-
Health and safety
4,065
-
Marketing and events
3,369
-
Payroll fees
7,308
-
Professional fees
682
-
Bank charges
4,973
-
Sundry expenses
38,093
-
Utilities
7,120
-
Water rates
790
-
Printing, postage and stationery
17,470
-
Materials and equipment
301
-
Meeting costs
1,330
-
Bad debts
3,070
-
Depreciation
26,660
-
Audit fees
-
7,400
Accountancy
-
5,401
Legal and professional fees
-
44,207
Annual review and AGM
-
-
637,752
57,008|**2022**
**£**
380,777
204
6,757
33,600
5,527
6,460
30,494
58,311
385
6
4,065
3,369
7,308
682
4,973
38,093
7,120
790
17,470
301
1,330
3,070
26,660
7,400
5,401
44,207
-
694,760|**2021**
**£**
377,248
137
2,869
34,047
2,910
8,334
12,288
47,994
85
3,040
3,339
2,852
6,826
495
4,059
50,381
8,832
967
15,538
136
197
493
19,695
6,900
4,030
9,408
362|
|---|---|---|
|||623,462|
Governance costs of the charity includes payments to the auditors of £7,400 (2021 - £6,900) for audit fees and £5,401 (2021 - £4,030) for accountancy services.
## **10 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year. No trustees were reimbursed for expenses incurred during the current or prior year.
- 20 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **11 Auditor's remuneration**
|**Fees payable to the charity's auditor and associates in respect of the**
**charity and its subsidiary undertakings:**
Audit of the annual accounts
**Non-audit services**
All other non-audit services|**2022**
**£**
7,400
5,401|**2021**
**£**
6,900|
|---|---|---|
|||4,030|
## **12 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|Chief Executive
Direct services
Management and administration
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
1
130
15
146
**2022**
**£**
1,456,293
78,839
66,004
1,601,136|**2021**
**Number**
1
133
11|
|---|---|---|
|||145|
|||**2021**
**£**
1,334,041
74,857
64,007|
|||1,472,905|
|||**2021**
**Number**
-|
|The average full time equivalent number of employees during the year was 66 (2021 - 62).|||
|The number of employees whose annual remuneration was £60,000 or more were:
**2022**
**Number**
£60,000 - £70,000
1|||
## **13 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
- 21 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **14 Net gains/(losses) on investments**
|**2022**
**£**
Revaluation of investments
1,644
**15**
**Tangible fixed assets**
**Freehold**
**land and**
**buildings**
**Leasehold**
**land and**
**buildings**
**Office**
**equipment**
**£**
**£**
**£**
**Cost**
At 1 April 2021
193,046
219,279
65,435
Disposals
-
-
(8,848)
At 31 March 2022
193,046
219,279
56,587
**Depreciation and impairment**
At 1 April 2021
-
47,670
23,505
Depreciation charged in the year
-
9,534
17,126
Eliminated in respect of disposals
-
-
(8,848)
At 31 March 2022
-
57,204
31,783
**Carrying amount**
At 31 March 2022
193,046
162,075
24,804
At 31 March 2021
193,046
171,609
41,930|**2021**
**£**
10,029
**Total**
**£**
477,760
(8,848)
468,912
71,175
26,660
(8,848)
88,987
379,925
406,585|
|---|---|
The freehold property at Victoria Street in Chatteris has been sold since the year end.
- 22 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**16**
**Fixed asset investments**
**Group**
**Listed**
**investments**
**Unlisted**
**investments**
**£**
**£**
**Cost or valuation**
At 1 April 2021
16,418
46,353
Valuation changes
(1,528)
3,173
At 31 March 2022
14,890
49,526
**Impairment**
At 1 April 2021
-
-
At 31 March 2022
-
-
**Carrying amount**
At 31 March 2022
14,890
49,526
At 31 March 2021
16,418
46,353
**Charity**
**Investment in**
**subsidiary**
**Listed**
**investments**
**Unlisted**
**investments**
**£**
**£**
**£**
**Cost or valuation**
At 1 April 2021
2
16,418
46,353
Valuation changes
-
(1,528)
3,173
At 31 March 2022
2
14,890
49,526
**Impairment**
At 1 April 2021
-
-
-
At 31 March 2022
-
-
-
**Carrying amount**
At 31 March 2022
2
14,890
49,526
At 31 March 2021
2
16,418
46,353|**Total**
**£**
62,771
1,645|
|---|---|
||64,416|
||-|
||-|
||64,416|
||62,771|
||**Total**
**£**
62,773
1,645|
||64,418|
||-|
||-|
||64,418|
||62,773|
- 23 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **17 Debtors**
|**Group**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**Charity**
**Amounts falling due within one year:**
Trade debtors
Amounts due from subsidiary undertakings
Prepayments and accrued income
**18**
**Creditors: amounts falling due within one year**
**Group**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**Charity**
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income|**2022**
**£**
144,023
105,661
249,684
**2022**
**£**
144,023
-
105,661
249,684
**2022**
**£**
22,429
25,436
25,965
39,949
113,779
**2022**
**£**
22,429
25,436
25,967
39,949
113,781|**2021**
**£**
56,097
7,469|
|---|---|---|
|||63,566|
|||**2021**
**£**
56,097
403
7,469|
|||63,969|
|||**2021**
**£**
18,048
12,488
26,428
63,235|
|||120,199|
|||**2021**
**£**
18,048
12,488
26,428
61,585|
|||118,549|
- 24 -
##
|**Movement in funds**
**Movement in funds**
**Balance at**
**1 April 2020**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**1 April 2021**
**Incoming**
**resources**
**Resources**
**expended**
**Transfers**
**Balance at**
**31 March 2022**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
Peterborough General
257,687
-
(5,723)
(32,356)
219,608
39,357
(8,223)
(7,683)
243,059
Peterborough Commissioned Services
90,525
-
-
-
90,525
27,361
-
(70,525)
47,361
Cambridge General
134,200
-
(15,890)
(20,723)
97,587
16,331
(19,705)
(25,186)
69,027
Peterborough Friendship Clubs
19,197
23,170
(19,912)
-
22,455
14,406
(18,731)
-
18,130
Cambridge South Warden Scheme
-
13,591
(9,275)
-
4,316
27,767
(16,293)
-
15,790
Peterborough City I & A
-
15,500
(15,466)
-
34
26,915
(19,899)
22,700
29,750
Older People Girton
277
10,287
(11,464)
900
-
12,702
(10,895)
-
1,807
Cambridgeshire I & A
-
58,463
(76,904)
18,441
-
57,379
(71,786)
14,407
-
Samaritan Fund
4,641
-
(4,641)
-
-
-
-
-
-
Visiting Support Service
-
437,582
(408,273)
-
29,309
458,252
(391,875)
-
95,686
Peterborough Sharing Time
-
32,050
(31,219)
-
831
16,266
(23,870)
6,800
27
Cambridgeshire Sharing Time
-
76,844
(55,805)
-
21,039
64,078
(62,132)
(6,800)
16,185
Oasis & Boyden Centre
-
45,396
(30,498)
-
14,898
44,734
(32,163)
375
27,844
Lyons Court
649
15,005
(11,267)
-
4,387
24,874
(16,725)
241
12,777
Ambury Road
4,054
27,737
(26,149)
-
5,642
35,633
(23,249)
230
18,256
Cherry Trees
-
32,504
(37,649)
5,145
-
48,102
(31,967)
615
16,750
Tuesday Club
4,968
16,895
(10,687)
-
11,176
25,469
(12,960)
241
23,926
Orton Day Care Centre
-
31,960
(29,552)
-
2,408
17,692
(25,535)
5,501
66
Orton Day Care Centre (Legacy)
12,185
-
-
-
12,185
-
(685)
-
11,500
Cambridge South West Warden Scheme
-
14,931
(14,101)
-
830
31,447
(32,196)
-
81
Over & Willingham Warden Scheme
9,783
(10,259)
476
-
21,151
(20,683)
-
468
Peterborough City Home Checks
11,257
12,410
(23,508)
-
159
17,927
(34,899)
16,900
87
539,640
874,108
(848,242)
(28,117)
537,389
1,027,843
(874,471)
(42,184)
648,577|- 25 -|
|---|---|
##
|**(Continued)**||**Balance at**|**31 March 2022**|**£**|280|-|-|2,791|5,357|-|3,506|3,952|2,452|-|-|1,209|5,028|13,813|4,820|1,410|-|7,136|-||-|-|5,228|705,559|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Transfers**||**£**|17,500|9,588|-|-|-|4,286|90|-|-|2,152|86|-|-|-|-|9,025|1,391|90|-||3,259|-|-|5,283|
||**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|65,143
(161,582)|159,024
(178,595)|-
-|18,303
(16,649)|9,916
(16,854)|14,887
(19,173)|9,587
(9,486)|14,457
(12,193)|14,373
(12,751)|7,895
(10,801)|17,074
(17,160)|-
(178)|7,642
(11,453)|11,585
(10,860)|13,485
(12,472)|6,609
(14,224)|27,085
(33,516)|10,646
(7,333)|3,038
(3,038)||-
(3,259)|-
-|18,585
(15,632)|1,457,177
(1,441,680)|
|||**Balance at**|**1 April 2021**|**£**|79,219|9,983|-|1,137|12,295|-|3,315|1,688|830|754|-|1,387|8,839|13,088|3,807|-|5,040|3,733|-||-|-|2,275|684,779|
|||**Transfers**||**£**|-|-|(2,453)|-|-|3,974|-|-|-|-|1,226|-|-|-|-|439|-|-|728||2,963|14|-|21,226|
||**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|293,290
(220,471)|161,145
(168,349)|47,422
(44,969)|8,859
(7,722)|9,545
(19,144)|10,976
(14,950)|11,799
(13,288)|12,921
(14,717)|12,666
(12,476)|11,842
(11,116)|14,949
(16,175)|-
(442)|7,500
(9,825)|14,367
(10,486)|11,791
(10,939)|26,500
(35,641)|28,500
(34,322)|9,697
(9,778)|-
(728)||33,000
(35,963)|2,500
(2,514)|8,000
(5,725)|1,611,377
(1,547,982)|
|||**Balance at**|**1 April 2020**|**£**|6,400|17,187|-|-|21,894|-|4,804|3,484|640|28|-|1,829|11,164|9,207|2,955|8,702|10,862|3,814|-||-|-|-|642,610|
|**Restricted funds**|||||Hospital Discharge|Cambridgeshire Handyperson Scheme|Peterborough City Home Support|Fulbourn Warden Scheme|Littleport Warden Scheme|Linton Warden Scheme|Teversham Warden Scheme|South Cambs (Small Warden) Scheme|Histon Warden Scheme|Ramsey Warden Scheme|Girton Warden Scheme|Girton Warden Legacy|Swavesey Warden Scheme|Ely Warden Scheme|Waterbeach Warden Scheme|Peterborough Warden Scheme|Cambridge City Warden Scheme|Stapleford Warden Scheme|Fenland Track & Trace COVID Fund|National Lottery Community Fund -|Shopping|CCF - COVID 19|Telephone Befriending||
|**19**|||||||||||||||||||||||||||||
##
|**Restricted funds**
**(Continued)**|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**|**1 April 2020**
**resources**
**expended**
**1 April 2021**
**resources**
**expended**
**31 March 2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Home Cleaning Services
-
13,685
(34,803)
21,118
-
18,587
(18,874)
15,780
15,493|Longstanton Warden Scheme
-
7,261
(7,369)
108
-
16,107
(14,383)
-
1,724|Cambridge North West Warden Scheme
-
7,656
(4,679)
-
2,977
15,105
(11,110)
-
6,972|Winter Pressures
-
-
-
-
-
65,762
(9,623)
(17,500)
38,639|Doddington Warden Scheme
-
-
-
-
-
6,285
(3,796)
-
2,489|Warden Schemes
-
-
-
-
-
1,383
-
-
1,383|Fuel Hardship
-
-
-
-
-
2,000
-
-
2,000|642,610
1,639,979
(1,594,833)
-
687,756
1,582,406
(1,499,466)
3,563
774,259||Some restricted donations are received in respect of the invoiced services included within unrestricted funds, and therefore part of the overall income and|expenditure for those activities appears in the restricted funds note and part in the unrestricted funds. Any subsidy by the charity for these activities, is treated as|restricted expenditure against those restricted funds, and then allocated via transfer against the Peterborough and Cambridgeshire general restricted funds, or|another restricted fund that can be used against that activity.|The Peterborough and Cambridgeshire general restricted funds relate to unrestricted funds held by predecessor charities, but have been received by this charity|restricted to the geographical area represented by the original charity. The transfers represent the use of these funds to cover deficits on other restricted funds within|those geographical areas.|Included in the overall transfer between restricted funds and unrestricted funds is an amount of support costs initially included in unrestricted expenditure that has|been allocated against the Peterborough and Cambridge general restricted funds. There was also a balance on the I & A funds and Visiting Support Service for|Older People Fund at the end of the project which has been released to unrestricted funds on the basis that all requirements that came with the funding have been|dealt with and therefore the restrictions no longer apply.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**19**|||||||||||||||||||||||||
##
|**Restricted funds**
**(Continued)**|The funds relate to the following activities:|�
Peterborough Commissioned Services - this relates to funding initially allocated to the Asian Women Club that was subsequently agreed with the funder that|it could be used more widely to address specific needs.|it could be used more widely to address specific needs.|�
Friendship Clubs – support to local communities to set up and manage local clubs.|�
Information & Advice – to help older people make informed choices.|�
Information & Advice – to help older people make informed choices.|�
Befriending & Visiting – friendship and support provided by volunteers to older people at home|�
Day Centres – a range of social and leisure clubs across Cambridgeshire and Peterborough.|�
Handyperson & Home Checks – small works and home safety checks and aids and adaptations to the homes of older people.|�
Advocacy – ensuring that older peoples’ views and wishes are heard and acted upon.|**Designated funds**|The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**|**1 April 2020**
**resources**
**expended**
**1 April 2021**
**resources**
**expended**
**31 March 2022**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Evelyn Boake
48,046
7,235
(9,763)
45,518
12,584
(22,915)
141
35,328|48,046
7,235
(9,763)
45,518
12,584
(22,915)
141
35,328||The Evelyn Boake fund relates to funds set aside for the ongoing maintenance of property.|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**19**||||||||||||**20**||||||||||
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **21 Operating lease commitments**
At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
|Within one year
Between two and five years|**2022**
**£**
20,329
19,916
40,245|**2021**
**£**
3,396
3,396|
|---|---|---|
|||6,792|
## **22 Events after the reporting date**
Following the year end on 6 September 2022 the charity's trading subsidiary Age UK Cambridgeshire & Peterborough Enterprises Limited was dissolved.
## **23 Related party transactions**
## **Remuneration of key management personnel**
The remuneration of key management personnel, including pension contributions, is as follows:
||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Aggregate compensation|175,259|153,630|
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
- 29 -
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **23 Related party transactions**
**(Continued)**
Owing to the charity's board of trustees being involved in local public and private sector organisations, it is inevitable that transactions will take place with organisations in which a member of the board of trustees may have an interest. During the year the board of trustees included a councillor of Peterborough City Council. Transactions involving Peterborough City Council are conducted at arm's length and in accordance with the charity's normal procurement procedures. The individual trustees have no beneficial interest in the arrangement.
Included in creditors is a loan of £6,000 (2021: £8,000) due to Michael Bond, a trustee.
No individual has a controlling interest in Age UK Cambridgeshire and Peterborough.
- 30 -
##
||Total||2021|£||||406,585|62,771|1,090,696|1,560,052|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
||Restricted|funds|2021|£||||406,585|62,771|278,500|747,856|
|||||||||||||
||Designated|funds|2021|£||||-|-|45,518|45,518|
|||||||||||||
||Unrestricted|funds|2021|£||||-|-|766,678|766,678|
||**Total**||**2022**|**£**||||379,925|64,416|1,262,931|1,707,272|
|||||||||||||
||**Restricted**|**funds**|**2022**|**£**||||379,925|64,416|329,918|774,259|
|||||||||||||
||**Designated**|**funds**|**2022**|**£**||||-|-|35,328|35,328|
|||||||||||||
||**Unrestricted**|**funds**|**2022**|**£**||||-|-|897,685|897,685|
|**Analysis of net assets between funds**|||||Fund balances at 31 March 2022 are represented||by:|Tangible assets|Investments|Current assets/(liabilities)||
|**24**||||||||||||
## **AGE UK CAMBRIDGESHIRE AND PETERBOROUGH**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**25**
**Analysis of changes in net funds**
The charity had no debt during the year.
**26**
**Cash generated from operations**
**2022**
**£**
Surplus for the year
147,220
Adjustments for:
Investment income recognised in statement of financial activities
(2,912)
Fair value gains and losses on investments
(1,644)
Depreciation and impairment of tangible fixed assets
26,660
Movements in working capital:
(Increase)/decrease in debtors
(186,119)
(Decrease)/increase in creditors
(6,420)
**Cash (absorbed by)/generated from operations**
(23,215)|**2021**
**£**
425,248
(3,638)
(10,029)
19,695
16,133
7,779
455,188|
|---|---|
- 32 -