| CONTENTS | Page |
|---|---|
| Trustees' Report | |
| Message from the Chairman and Chief Executive | 3 |
| Introduction | 4 |
| What we do | 4 |
| Achievementsin 2023 | 4 |
| Fundraising | 6 |
| Volunteers | 7 |
| Grant-making | 7 |
| Financial Review ofthe Year | 8 |
| What we are going to do next | 8 |
| Structure,Governanceand Management | 9 |
| Reference and AdministrativeDetails | 13 |
| Statement of Trustees' Responsibilities | |
| Independent Examiner's Report | 15 |
| Statement of Financial Activities | 16 |
| Balance Sheet | |
| Statement of Cash Flows | 18 |
| Notes to the Financial Statements | 19 |
| Principal risks | Principal risks | Mitigation overview |
|---|---|---|
| The principal risks include: | Key steps to mitigate the risks are: | |
| o | The need for a coherent strategythat | Regular review of our strategy and |
| matches ambition with available | resource plans; strengthen skills and | |
| resources | expertise of Trusteeson the Board | |
| The need for an appropriate governance, | Regular review of our governance and | |
| compliance and resource framework | compliance framework | |
| Reputational damage when no longer | Agree appropriate undertakings from | |
| responsible for Silver Sunday, nationally, | Age UK; seek alternative sponsor of | |
| but particularly in Westminster | Silver Sunday in Westminster | |
| Reputational damage if the Westminster | Seek funding and Westminster partner | |
| TeaDance does not go ahead | for the Tea Dance | |
| e | Our ability to raise funds in a challenging | Review fundraising strategy; recruit |
| economic environment and longer term | Trustees with requisite skills and | |
| funding support | expertise; invest reserves |
12th
| Total funds | Total funds | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | year ended | Unrestricted | Restricted | year ended | ||
| Note | funds | funds | 31 Dec 2023 | funds | funds | 31 Dec 2022 | |
| cooo | {'000 | cooo | {'000 | {'000 | eooo | ||
| Income | |||||||
| Donations and legacies | 2 | 13 | 13 | 34 | 34 | ||
| Income from charitableactivities | 3 | 40 | 40 | 33 | 33 | ||
| Income from other tradingactivities | 4 | 46 | 46 | 102 | 102 | ||
| TOTAL INCOME |
59 | 40 | 99 | 136 | 33 | 169 | |
| Expenditure | |||||||
| Expenditure on charitable activities | 5 | 18 | 288 | 306 | 12 | 216 | 228 |
| Costs of raising funds | 6 | 4 | 4 | 79 | 79 | ||
| TOTAL EXPENDITURE |
22 | 288 | 310 | 91 | 216 | 307 | |
| Net income/(expenditure) and net | |||||||
| movement in funds | 37 | (248) | (21 1) | 45 | (183) | (138) | |
| Transfers between funds | 13 | (248) | 248 | (149) | 149 | ||
| Reconciliation offunds | |||||||
| Total funds brought forward | 13 | 1,795 | 1,795 | 1,899 | 34 | 1,933 | |
| Total funds carried forward | 13 | 1,584 | 1,584 | I ,795 | 1,795 |
| Note | At 31 | Dec 2023 | At 31 Dec 2022 | |
|---|---|---|---|---|
| eooo | eooo | |||
| Current Assets | ||||
| Debtors | 43 | 6 | ||
| Cash at bank | I,602 | 1,822 | ||
| TOTAL CURRENT ASSETS |
,645 | I,828 | ||
| Liabilities | ||||
| Creditors falling due within one year | 12 | 56 | 25 | |
| NET CURRENT ASSETS | I,589 | I,803 | ||
| Creditors falling due after more than one year | 12 | 5 | 8 | |
| NET ASSETS | I,584 | 1,795 | ||
| The funds of the charity: | ||||
| Unrestricted income funds | 13 | I,584 | 1,795 | |
| Restricted income funds | 13 | |||
| TOTAL CHARITY FUNDS |
,584 | 1,795 |
| Year ended | Year ended | ||
|---|---|---|---|
| Note | 31 Dec 2023 | 31 Dec 2022 | |
| eooo | eooo | ||
| Cash generated from operating activities | 15 | (220) | (156) |
| (Decrease)/lncrease in cash and cash equivalents during the year | (220) | (156) | |
| Cash and cash equivalents at the beginning of the year | I,822 | I,978 | |
| Total cash and cash equivalents atthe end ofthe year | 16 | 1,602 | 1,822 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Year ended | Unrestricted | Restricted | Year ended 31 | |
| funds | funds | 31 Dec 2023 | funds | funds | Dec 2022 | |
| coco | eooo | eooo | eooo | eooo | eooo | |
| Private Donations | 8 | 8 | ||||
| Foundations, Trusts and Grants | 4 | 4 | ||||
| CorporateDonations | IO | 10 | ||||
| Gift Aid | ||||||
| Gift in Kind | 12 | 12 | 12 | 12 | ||
| 13 | 13 | 34 | 34 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Year ended | Unrestricted | Restricted | Year ended | |
| funds | funds | 31 Dec 2023 | funds | funds | 31 Dec 2022 | |
| eooo | eooo | "000 | E'000 | eooo | eooo | |
| Hampers | 22 | 22 | 18 | 18 | ||
| Scholarships and Bursaries | 3 | 3 | 15 | 15 | ||
| Tea Dance | 15 | 15 | ||||
| 40 | 40 | 33 | 33 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Year ended | Unrestricted | Restricted | Year ended | |
| funds | funds | 31 Dec 2023 | funds | funds | 31 Dec 2022 | |
| cooo | eooo | eooo | eooo | eooo | eooo | |
| Bank Interest | 46 | 46 | ||||
| SSMF 10th AnniversaryDinner 2022 | 102 | 102 | ||||
| 46 | 46 | 102 | 102 |
| 5. Expenditure on |
charitable | activitie | s | |||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrestricted | Restricted | Year ended | Restricted | Year ended | ||
| funds | funds | 31 Dec 2023 | Unrestricted funds | funds | 31 Dec 2022 | |
| eooo | eooo | eooo | E'000 | eooo | eooo | |
| University Technical College | 2 | 2 | ||||
| Tea Dance | 18 | 18 | 15 | 15 | ||
| Christmas Hampers | 27 | 27 | 27 | 27 | ||
| Silver Sunday | 5 | 5 | 3 | 3 | ||
| Scholarships, Bursaries and Grants | 63 | 63 | 56 | 56 | ||
| Christmas Vouchers | IO | IO | IO | 10 | ||
| Governance and Support Costs (see | ||||||
| Note 7) | 18 | 165 | 183 | 12 | 103 | 115 |
| 18 | 288 | 306 | 12 | 216 | 228 |
| Grant funding | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Direct | costs | ofactivities | Support costs | Total 2023 | Total 2022 | ||||
| eooo | "000 | eooo | eooo | eooo | |||||
| Expenditure | on | charitable | activities | 60 | 63 | 183 | 306 | 228 |
| 6. Costs ofraisingfund |
s | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unres:ricted | Restricted | Year ended | Unrestricted | Restricted | Year ended | |
| funds | funds | 31 Dec 2023 | funds | funds | 31 Dec 2022 | |
| eooo | eooo | eooo | eooo | eooo | cooo | |
| Events Costs | 40 | 40 | ||||
| Governance and Support Costs (see Note 7) | 4 | 4 | 39 | 39 | ||
| 4 | 4 | 79 | 79 |
| 7. Governance and sup |
port costs | |||
|---|---|---|---|---|
| Total | Total | |||
| General | Year ended 3 1 Dec | Year ended | ||
| support | Governance function | 2023 | 31 Dec 2022 | |
| coco | eooo | "000 | coco | |
| Staffcosts | 97 | 42 | 139 | 119 |
| Office costs | 16 | 6 | 22 | 21 |
| Independent Examiner's fees | 5 | 2 | 7 | |
| Legal and other professional fees | 9 | 4 | 13 | 3 |
| Other | 4 | 2 | 6 | 6 |
| 131 | 56 | 187 | 154 |
| Year ended 3 1 December 2023 | Year ended 3 1 December 2022 | |
|---|---|---|
| eooo | eooo | |
| Salaries and Wages | 125 | 110 |
| Social security costs | 8 | 8 |
| Pension Costs | 6 | |
| 139 | 119 |
| it is included in this Note for p | rior year compari | son. |
|---|---|---|
| Year ended | Year ended | |
| 31 Dec 2023 | 31 Dec 2022 | |
| eooo | eooo | |
| Gift in kind: | ||
| Office Space and IT | 20 | |
| Marketing | ||
| Running and governance costs: | ||
| Office Space and IT | (20) | |
| Marketing | (l) |
| Year ended | Year ended | |||||
|---|---|---|---|---|---|---|
| 31 Dec 2023 | 31 Dec 2022 | |||||
| eooo | eooo | |||||
| Income | from | other | trading | activities | 4 | |
| 4 |
| Related Party | , but it is incl | uded in tais Note for | prior year com |
|---|---|---|---|
| Year ended | Year ended | ||
| 31 Dec 2023 | 31 Dec 2022 | ||
| eooo | eooo | ||
| Donationsand | legacies | 2 | |
| 2 |
| Year ended | Year ended | |||||
|---|---|---|---|---|---|---|
| 31 Dec 2023 | 31 Dec 2022 | |||||
| eooo | cooo | |||||
| Income | from | other | trading | activities | 0 |
| At 31 Dec 2023 | At 31 Dec 2022 | |
|---|---|---|
| eooo | eooo | |
| Accrued Income | 43 | |
| Other debtors | 6 | |
| 43 | 6 |
| 12. Current liabilities and long term credi |
tors | |
|---|---|---|
| At 31 Dec 2023 | At 31 Dec 2022 | |
| eooo | eooo | |
| Creditors falling due within one year: | ||
| Othercreditor | ||
| Accruals | 41 | |
| Deferred income | ||
| Taxation and social security | 4 | |
| 56 | 25 | |
| At 31 Dec 2023 | At 31 Dec 2022 | |
| eooo | eooo | |
| Creditors falling due after more than one year: | ||
| Deferred income | 5 | 8 |
| Funds | Incoming | Resources | Funds | Funds | ||
|---|---|---|---|---|---|---|
| 31 Dec 2022 | resources | expended | Transfers | 31 Dec | 2023 | |
| eooo | eooo | eooo | eooo | eooo | ||
| Unrestricted funds | ,795 | 59 | (22) | (248) | I | ,584 |
| Restricted funds: | ||||||
| Younger people - UTC |
(2) | 2 | ||||
| Younger people - Scholarships |
3 | (76) | 73 | |||
| Younger people - Christmas Programme |
(19) | 19 | ||||
| Older people - Hampers |
22 | (36) | 14 | |||
| Older people - Silver Sunday |
(90) | 90 | ||||
| Older people - Tea Dance |
15 | (65) | 50 | |||
| Total restricted funds | 40 | (288) | 248 | |||
| TOTAL FUNDS |
1,795 | 99 | I,584 |
| 14. Analysis of group net assets betw |
een funds | ||
|---|---|---|---|
| Unrestricted | Restricted | ||
| 31 Dec 2023 | funds | funds | Total |
| eooo | eooo | eooo | |
| Debtors | 43 | 43 | |
| Cash at bank | I,565 | 37 | I,602 |
| Creditors falling due within one year | (24) | (32) | (56) |
| Creditors falling due after more than one year | (5) | (5) | |
| Total | I,584 | I,584 | |
| Unrestricted | Restricted | ||
| 31 Dec 2022 | funds | funds | Total |
| eooo | eooo | eooo | |
| Debtors | 6 | 6 | |
| Cash at bank | I,797 | 25 | I,822 |
| Creditors falling due within one year | (8) | (17) | (25) |
| Creditors falling due after more than one year | (8) | (8) | |
| Total | ,795 | (0) | 1,795 |
| At 31 | Dec 2023 | At 31 | Dec 2022 | |
|---|---|---|---|---|
| cooo | eooo | |||
| Net movement in funds | (21 1) | (138) | ||
| (Increase) / Decrease in debtors | (37) | (4) | ||
| Increase / (Decrease) in creditors |
28 | (14) | ||
| Net cash generated from operating activites | (220) | (156) |
| At 31 | Dec 2023 | At 31 | Dec 2022 | |
|---|---|---|---|---|
| eooo | eooo | |||
| Debtors | 43 | 6 | ||
| Cash at bank | I,602 | I,822 | ||
| Creditors falling due within one year | (56) | (25) | ||
| I,589 | I,803 |