# **Age Partnership Charitable Foundation**
Annual Report and Financial Statements (Unaudited)
Registered Charity Number: 1170863
Registered Company Number: CE009455
31 December 2020
_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Contents**
|Officers and Advisors|1|
|---|---|
|Trustees Report|2|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7|
_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Officers and Advisors**
**Trustee Board:** Mr Christopher Neave Mr John Paul Carter Mrs Rachel Pease **Secretary:** Mr John Paul Carter **Registered Office:** 4305 Park Approach Thorpe Park Leeds LS15 8ZB **Company Registered Number:** CE009455 **Charity Registered Number:** 1170863 **Legal Advisers:** Walker Morris LLP Kings Court 12 King Street Leeds LS1 2HL **Bankers:** Barclays Bank PLC 2[nd] Floor 1 Park Row Leeds LS1 5LD
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Trustees Report for the Period Ending 31 December 2020**
The Trustees are pleased to present their annual report together with the financial statements for the Age Partnership Charitable Foundation (‘the Foundation’), for the period ending 31 December 2020
The Trustees confirm that the financial statements presented comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, 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) (effective 1 January 2015).
## **Objectives and Activities:**
## _**a. Objectives**_
Founded in 2017, the Foundation is a grant-making organisation that is funded by the goodwill of others, in addition to its own fundraising initiatives.
The foundation’s goal is to provide support (through grants) to local charities, community projects, individuals, voluntary groups, activities and good causes that make a positive difference in the Yorkshire area.
The Foundations objectives are to advance such charitable purposes (in accordance with the applicable laws of England and Wales), as the Trustees see fit from time to time.
## _**b. Grant making policies**_
Under the terms of the Charity’s constitution, the Trustees apply the Charity’s funds at their discretion to further the Charity’s objectives described above.
In awarding grants the Trustees will apply the following principles:
- Applications from any geographical area within the UK are eligible for consideration, but priority will be given to applications received from the Metropolitan Borough of Leeds and Yorkshire and those which meet the current priorities set by the Trustees.
- All applications from previous recipients of grants or from previously unsuccessful applicants will be considered by the Trustees on their own merits. Although the Trustees will have regard to the outcome of previous grants, any new application will in no way receive preferential or adverse consideration.
- The Charity will willingly work in partnership with other organisations to fund initiatives beyond the financial scope of a single organisation.
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Financial Review:**
## _**a. Overview of Results**_
During the period the charity received donations totalling £10,726. This includes initial donations of £10,000 from Age Partnership Limited and further fundraising and donations from employees of Age Partnership Limited and Pure Retirement Limited. During the period the foundation made total donations of £15,559.
The donations collected are not restricted for use and as at 31 December 2020, unrestricted funds amounted to £505. Such an amount was not fully exhausted during the period due to the trustees' decision to leave sufficient funds available for future donations.
## _**b. Going Concern**_
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
## _**c.**_
## _**Principal Funding**_
The Foundation is principally supported by donations provided by the Age Partnership Group, the Group’s employees and also its own fundraising activities.
## **Structure, Governance and Management:**
## _**a. Constitution**_
The principal objective of the charity is to advance charitable purpose (according to the law of England and Wales) as the trustees see fit from time to time. The foundation's main focus is to provide donations to small local charities and when possible, the aim is to provide financial assistance for a specific cause or project being undertaken by such charities.
## _**b. Method of appointment or election of Trustees**_
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## _**c. Policies adopted for the Induction and training of Trustees**_
During the setting up of the foundation, professional assistance was sought and appropriate guidance obtained with respect to the role of the trustees and their powers. Furthermore, the trustees follow the guidance as provided by the Charity Commission in the UK.
## _**d. Risk management**_
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Statement of Trustees’ Responsibilities**
The Trustees 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).
The law applicable to charities in England & Wales 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 of the charity 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 in the Charities SQRP;
- make judgments and accounting estimates that are reasonable and prudent;
- 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 proper 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. This report was approved by the Trustees, on 29 October 2021 and signed on their behalf by:
**C Neave** Trustee
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Statement of Financial Activities**
_**for year ended 31 December 2020**_
|**Income**
Donations and Fundraising
Other income
**Total Income**
**Direct Charitable Expenditure**
Donations
**Administrative Expenditure**
Bank charges
**Total Expenditure**
**Net Movement in Funds**|**Unrestricted funds**
**Total funds**
**2020**
**2019**
**£**
**£**
10,000
17,264
726
34|
|---|---|
||**10,726**
17,298
15,559
19,606|
||**15,559**
19,606
-
19|
||**15,559**
19,625|
||**(4,833)**
(2,327)|
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Balance Sheet**
## _**at 31 December 2020**_
|**Current assets**
Trade and other receivables
Cash at bank and in hand
**Total assets**
**Current liabilities**
Bank Overdraft
Trade and other payables
Tax payable
**Total liabilities**
**Net current assets**
**Total funds**
Total unrestricted funds|**2020**
**2019**
**£**
**£**
**-**
-
**505**
5,338|
|---|---|
||**505**
5,338
**-**
-
**-**
-
**-**
-
**-**
-|
||**505**
5,338|
||**505**
5,338|
These financial statements were approved by the trustees on 29[th] October 2021 and were signed on its behalf by:
## **Christopher Neave** _Chair_
Charity registered number: 1170863
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_Age Partnership Charitable Foundation Annual Report and Financial Statements 31 December 2020_
## **Notes to the Accounts**
## **1. Accounting policies**
The financial statements have been prepared in accordance with applicable accounting standards and follow the recommendations in Statement of Recommended Practice (SORP) 2015 (FRSSE) and the Charities Act 2011. However, the charity qualifies as a small charity and in accordance with section 133 of the Act, the accounts are presented on a receipts and payments basis.
## **2. Donations made**
||**£**||
|---|---|---|
|Bramhall Ball||**500**|
|Cancer Support UK||**750**|
|Chopsticks||**925**|
|Friends of Hornsea Nursery School||**500**|
|Home-Start York||**1,000**|
|St Leonards Hospice||**750**|
|Sight Support Ryedale||**675**|
|Martin House Hospice||**1,500**|
|Motor Neurone Disease Association||**1,000**|
|Mayne Allstars||**500**|
|Mencap Leeds||**1,000**|
|Skipton Walking Football Club||**800**|
|Asthma Relief||**950**|
|2020 Calderdale Flood Relief||**500**|
|PDSA||**1,000**|
|Open Country||**1,000**|
|School-Home Support||**1,000**|
|Smartworks||**1,209**|
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