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|FINANCIAL S|TATEMENTS|||
|---|---|---|---|
|Independent|examiner's|report||
|Consolidated|Statement|of Financial Activities|10|
|Consolidated|and Charity|Balance Sheets||
|Consohdated|Statement|ofCash Flows|12|
|Notes to the|Financial Statements||13|
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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Furl dc|Fuilds|Funds|
|||||Notes|2023|2023|2023|2022|
|INCOME|||||E|E|E|E|
|Income from donations|and legacies||||14,645||14,645|11,204|
|Other trading income|||||||||
|Home Services|||||155,911||155,911|97,694|
|Home Instead|||||274||274|914|
|Investment
income|||||66,833||66,833|60,258|
|Income from charitable|acriviries||||||||
|Bolton Council- Befriending/support||||sevices to older adults|50,995||50,995|49,995|
|Bolton NHS - CCG -|Falls Prevention|||Service|163,586||163,586|72,000|
|Bolton NHS - CCG -|Home from||Hospital||245,369||245,369|230,182|
|Bolton NHS - CCG -|Admissions||Avoidance||93,714||93,714||
|Ageing Well Centre|||||16,812||16,812|6,667|
|Otherincome|||||42,947||42,947|8,228|
|Other grants|||||130,346||130,346|171,213|
|Total income|||||981,432||981,432|708,355|
|EXPENDITURE|||||||||
|Expenditure
on raising funds|||||||||
|Fundiaising
trading
cast||afgoods sold gi ocher costs|||||||
|Home services|||||146,537||146,537|103,035|
|Ex pen di tare on chari raale activities|||||||||
|Preventative
services|||||108,082||108,082|101,415|
|Falls prevention
service|||||163,585||163,585|72,000|
|Home from hospital||service|||244,620||244,620|230,182|
|Admissions
Avoidance|||||93,714||93,714||
|Other services|||||181,973||181,973|201,552|
|Ageing Well Centre|||||106,071|8,296|114,367|86,410|
|Governance
costs|||||6,750||6,750|5,725|
|Total expenditure|||||1,051,332|8,296|1,059,628|800,319|
|Net income (expendiruref||and ner movementin|||||||
|funds before exceptional||costs, gains and losses on|||||||
|investments
and acruarial||gains and losses on|||||||
|pension scheme|||||(69,900)|(8,296)|(78,196)|(91,964)|
|Net gains and losses on investments|||||(228,759)||(228,759)|62,777|
|Actuarial
gain (loss) on defined benefit pension|||||||||
|scheme||||14|(5,000)||(5,000)|(3,000)|
|Net movement
in funds|||||(303,659)|(8,296)|(311,955)|(32,187)|
|Total funds brought forward|||||2,386,950|239,023|2,625,973|2,658,160|
|Total funds carried forward||||12|2,083,291|230,727|2,314,018|2,625,973|
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|||||||||Group||Charity||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Notes|2023|2022|2023|2022|
|||||||||E|E|E|E|
|Fixed assets||||||||||||
|Tangible assets||||||||230,727|239,023|230,727|239,023|
|Investments||||||||2,356,682|2,455,815|2,356,684|2,455,817|
|||||||||2,587,409|2,694,838|2,587,411|2,694,840|
|Current assets||||||||||||
|Debtors|||||||10|51,263|33,320|60,567|46,041|
|Cash at bank and in|hand|||||||196,428|87,936|174,083|64,537|
|Short term deposits||||||||43,772|125,578|43,772|125,578|
|||||||||291,463|246,834|278,422|236,156|
|Creditors: amounts|falling||due|||||||||
|within one year||||||||(564,854)|(315,699)|(551,815)|(305,023)|
|Net current liabilities||||||||(273,391)|(68,865)|(273,393)|(68,867)|
|Net assets excluding||pension||liability||||2,314,018|2,625,973|2,314,018|2,625,973|
|Pension
liability|||||||14|||||
|Net assets including||pension||liability||||2,314,018|2,625,973|2,314,018|2,625,973|
|Represented
by:||||||||||||
|Restricted income funds|||||||12|230,727|239,023|230,727|239,023|
|Unrestricted
income||funds||||||||||
|Funds retained|within||non-|||||||||
|charitable
subsidiary|||||||12|||||
|General funds|||||||12|1,948,919|2,286,950|1,948,919|2,286,950|
|Designated
funds|||||||12|134,372|100,000|134,372|100,000|
|Unrestricted
funds excluding|||||pension|gobiriry||2,083,291|2,386,950|2,083,291|2,386,950|
|Total funds excluding||pension||reserve||||2,314,018|2,625,973|2,314,018|2,625,973|
|Pension reserve|||||||12|||||
|Total Charity funds|||||||12|2,314,018|2,625,973|2,314,018|2,625,973|
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||||||2023|2022|
|---|---|---|---|---|---|---|
||||||8|5|
|Net cash flow from operating||activities|||156,312|17,527|
||||||156,312|17,527|
|Cash flow from investing
activities|||||||
|Purchase ofinvestments|||||(2,631,167)|(522,267)|
|Disposals ofinvestments|||||2,501,541|595,342|
|Net cash flow from investing|activities||||(129,626)|73,075|
|Change
in cash and cash equivalents|||in the year||26,686|90,602|
|Cash and cash equivalents
brought|||forward||213,514|122,912|
|Cash and cash equivalents
carried forward|||||240,200|213,514|
|Cash and cash equivalents
consists|||of:||||
|Cash at bank and in hand|||||196,428|87,936|
|Short term deposits|||||43,772|125,578|
||||||240,200|213,514|
|Net cash flow from operating||activities|||||
|Net movement
in funds before||exceptional costs,|||||
|gains and losses on investments||and|actuarial|gains|||
|and losses on pension scheme|||||(78,196)|(91,964)|
|Depreciation|||||8,296|8,296|
|Pension scheme adjustment|||||(5,000)|(5,000)|
|Decrease/(increase)
in debtors|||||(17,943)|(8,610)|
|(Decrease)/increase
in creditors|||||249,155|114,805|
||||||156,312|17,527|
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|Summary|profit and loss account|profit and loss account||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Turnover||||156,185|98,608|
|Otherincome||||1,016|5,177|
|Administrative
expenses||||(147,289)|(103,785)|
|Donation|to parent|company||(9,912)||
|Retained|profit for|the year||||
|The assets and liabilities ofthe subsidiary|||were;|2023|2022|
|||||E|E|
|Debtors||||20,353|13,987|
|Cash at bank||||22,345|23,399|
|Creditors:|amounts|falling due withm one|year|(42,696)|(37,384)|
|Net assets||||||
|2|Investment|income|income|||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||E|E|
||Dividends
from||listed
UK investments|||66,833|60,258|
||Bank interest|receivable||||||
|||||||66,833|60,258|
|3|Net movement||in funds|Group||Charity||
|||||2023|2022|2023|2022|
|||||E|E|E|E|
||Net movement||in funds is stated after charging:|||||
||Depreaation|of|tangible fixed assets|8,296|8,296|8,296|8,296|
||Independent|examination||8,203|5,725|7,453|4,975|
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|6|Expenditure||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||NN0
0
N|||OO
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C|I|0d|m
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41||
||||||D||||||||||||||||OO||
|||mId0 0
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44|||I
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44|44
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||Governance
costs||0|||||||||C
I|||||||||||
|||||||||||||O|||||||||||
|||Management
&
Administration|'4||I
Cj|0
C|m
OD|||m|CtI
0|I|m
m|m|m
40
D|Oh
D
Ct
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||Ageing Well Centre||ol||C|||||||||||Ct|||0
D|D
Oh
«i|Ot
m|0
D|
|||||||||||||||||m|||||||
|||Other services|ol||Ct
C|||C|||||||||||||IIh|II|
||||||C||||||||||||||||OO|Cj|
|||Admissions|0||||m|||||||||4||Ct
410|||4
I||
|||Avoidance||||||||||||||m|||||m
Ih||
||Home fromhospital||0|||||CI
mI||||||||m
C||CCC|||0
Ot|OO|
|||service||||||m||||||||h||C||||C|
||Falls prevention||0||Ih||||||||||0|||||||000|
|||sendjce|||40
C|||||||||||mm||||||I|
|||preventative|'u||||Cj||||||||CC|||CIt
Ct|||44
C|1|
|||services|||||||||||||||||||40
Cl|0|
||Home Services (2018
Insurance
products||0||Oh||||||||||||||||I
h
D|Cm'
C|
|||&services)|||||||||||||||||||||
||Basis ofallocation||||I
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0|4
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||||0|||||||||C0|||||Ol||||||
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|7|Analysis ofstaff costs|||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||E|E|
||Salaries and wages|||||||891,123|557,418|
||Social security costs|||||||57,242|37,132|
||Pension costs - executive|||||||30,111|24,627|
||Pension costs - stakeholder|||||||5,580|5,580|
|||||||||984,056|624,758|
||The average
monthly|number ofemployees,||analysed|by function, were|||No.|No.|
||Chief executive|||||||1|1|
||Services|||||||20|15|
||Administration|||||||6|6|
||Home services|||||||15|9|
|||||||||42|31|
|8|Tangible fixed assets|||||Long leasehold||||
|||||||land|&|||
||Group and Charity|||||buildings||Equipment|Total|
||||||||E|E|E|
||Cost|||||||||
||At 1Apnl 2022|||||406,501||66,299|472,800|
||Additions|||||||||
||Disposals|||||||||
||At 31March 2023|||||406,501||66,299|472,800|
||Depreciation|||||||||
||At 1April 2022|||||167,478||66,299|233,777|
||Charge forthe year|||||8,296|||8,296|
||Disposals|||||||||
||At31March 2023|||||175,774||66,299|242,073|
||Net book value|||||||||
||At 31March 2023|||||230,727|||230,727|
||At 1April 2022|||||239,023|||239,023|
||The cost of long leasehold||land and buildings|mcludes|E4,000 in respect of land.|||||
|9|Fixed asset investments|||||Shares|in|||
|||||||subsidiary||Listed||
|||||||undertakings||investments|Total|
||Cost or market value||||||E||E|
||At 31March 2023|||||2||2,356,682|2,356,684|
||At 1April 2022|||||2||2,356,682|2,356,684|
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|Fixed asset investments
(continued)
Investments
at market value|||
|---|---|---|
||2023|2022|
|Group and Charity|E|E|
|At 1April 2022|2,455,815|2,466,113|
|Additions|2,631,167|522,267|
|Disposals|(2,501,541)|(595,342)|
|Change
m market value|(228,759)|62,777|
|At 31March 2023|2,356,682|2,455,815|
|Equities||1,370,993|1,438,394|
|---|---|---|---|
|Bonds||536,555|728,605|
|Structured|products|49,556|49,950|
|Gold and other commodities||46,806|77,595|
|Real estate||96,314||
|Other investments||256,458|161,271|
|||2,356,682|2,455,815|
|10|Debtors|||Group||Charity||
|---|---|---|---|---|---|---|---|
|||||2023|2022|2023|2022|
|||||E|E|E|E|
||Trade debtors|||46,802|14,590|30,910|13,904|
||Other debtors||and prepayments|4,461|18,730||5,429|
||Amounts|owed|by group undertakings|||29,657|26,708|
|||||51,263|33,320|60567|46 041|
|Creditors;|Amounts|falling due within one year|Group||Charity||
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||E|E|E|E|
|Trade creditors|||46,322|78,795|34,033|78,795|
|Taxation|and sooal|security|15,997|10,882|15,997|10,882|
|Other creditors and||accruals|502,535|226,022|501,785|215,346|
|Amounts|owed to group undertakings||||||
||||564,854|315,699|551,815|305,023|
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|Movement
in funds - Group|Movement
in funds - Group|and Charity|and Charity|Balance at||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1April||||31March|
|learning||||2022|Income|Expenditure|Transfer|2023|
|Restricted funds:||||E|E|E|E|E|
|and Activities Centre|||||||||
|Fixed assets||||239,023||(8,296)||230,727|
|Total restricted funds||||239,023||(8,296)||230,727|
|Unrestricted
funds:|||||||||
|Other charitable funds||||2,286,950|752,673|(1,056,332)|(34,372)|1,948,919|
|Designoted funds|- property|mainrenonce||100,000|||(12,435)|87,565|
|Designoted funds|- restructuring||||||46,807|46,807|
|Total unrestricted|funds excluding||pension reserve|2,386,950|752,673|(1,056,332)||2,083,291|
|Pension reserve|||||(5,000)|5,000|||
|Total funds||||2,625,973|747,673|(1,059,628)||2,314,018|
|Analysis oftotal funds|General|Designated|Restricted|31March|31March|
|---|---|---|---|---|---|
||Funds|Funds|Funds|2023|2022|
||E|E|E|E|E|
|Tangible fixed assets|||230,727|230,727|239,023|
|Investments|2,269,117|87,565||2,356,682|2,455,815|
|Net current assets (liabilities)|(273,391)|||(273,391)|(68,865)|
|Pension reserve||||||
||1,995,726|87,565|230,727|2,314,018|2,625,973|
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|Pension schemes (continued)|Pension schemes (continued)||||||
|---|---|---|---|---|---|---|
|The pnnopal|assumptions
used to calculate the habilities||under|FRS 102are set out below:|2023|2022|
|||||||Yo|
|RPI Inflation|||||3.25|3.60|
|CPI Inflation|||||2.45|2.80|
|Rate ofincrease
in salaries|||||N/A|N/A|
|Pension increases|||||||
|- RPI mflation|subject to a minimum|of39' pa and a maximum||of59( pa|3.70|3.60|
|- RPI inflation|subject to a maximum|of2.59' pa|||2.10|2.50|
|Discount rate|for Scheme liabilities||||4.85|2.80|
|The assumed
life expectancies
on|retirement|retirement|retirement|retirement|at age 65are:|2023|2022|
|---|---|---|---|---|---|---|---|
|||||||Years|Years|
|Life expectancy for male currently|aged||65|||86.80|87.10|
|Life expectancy for female currently||aged||65||88.80|89.50|
|Life expectancy at 65for male currently|||aged||45|88.10|88.10|
|Life expectancy at 65for female currently||||aged 45||90.20|90.60|
|Age UK Retirement
Benefits Scheme||||||||
|Major categories ofscheme assets|as a||percentage oftotal assets|||2023|2022|
|||||||Yo||
|Equities||||||9.10|16.70|
|Diversified
Growth||||||4.80|12.60|
|Infrastructure||||||13.00|9.50|
|Matching assets / bonds||||||70.20|59.90|
|Cash||||||2.90|1.30|
|Movement
in surplus
in the year:|Scheme|assets|Pension|liabilities|Net surplus|(deficit)|
|---|---|---|---|---|---|---|
||2023|2022|2023|2022|2023|2022|
||E|E|E|E|6|E|
|At 1Apnl 2022|266,000|257,000|(249,000)|(259,000)|17,000|(2,000)|
|Contnbutions
by employer|6,000|6,000|||6,000|6,000|
|Interest on pension
liabilities|||(7,000)|(5,000)|(7,000)|(5,000)|
|Expected return on scheme assets|7,000|5,000|||7,000|5,000|
|Benefits paid and expenses|(11,000)|(9,000)|10,000|8,000|(1,000)|(1,000)|
|Actuanal
gains (losses)|(73,000)|7,000|63,000|7,000|(10,000)|14,000|
|At 31March 2023|195,000|266,000|(183,000)|(249,000)|12,000|17,000|
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|Pension sche|mes (continued)|mes (continued)|||
|---|---|---|---|---|
|The amounts|recognised
in the Statement of Financial Activities are as follows:||2023|2022|
||||6|E|
|Contributions|||(6,000)|(6,000)|
|Interest on pension scheme liabilities|||7,000|5,000|
|Expected return on scheme assets|||(7,000)|(5,000)|
|Benefits paid|and expenses||1,000|1,000|
||||(5,000)|(5,000)|
|The amounts|recognised
in the Net Movement|in Funds are as follows:|2023|2022|
||||6|E|
|Asset gains (losses) arising dunng the year|||(73,000)|7,000|
|Liabdity gains|(losses) ansmg during the year||63,000|7,000|
|Unrecognised|asset movement||5,000|(17,000)|
||||(5,000)|(3,000)|
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