## **AGE UK LEWISHAM AND SOUTHWARK**
## **Report and Financial Statements For the year ended 31 March 2021**
## **Charity No. 296862**
**Company No. 2118525 (A Company Limited by Guarantee)**
|**Contents**|**Page**|
|---|---|
|Company Details and Advisors|3|
|Report of the Board of Trustees|4|
|Independent Auditor's Report|13|
|Statement of Financial Activities|17|
|Balance Sheet|18|
|Cash Flow Statement|19|
|Notes to the Financial Statements|20|
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## **Company Details and Advisors**
**Age UK Lewisham and Southwark** exists to improve the lives of older people in the London Boroughs of Lewisham and Southwark, working towards a future in which older people are valued, safe and empowered to make choices about their lives.
Members of the Board of Trustees, who are Directors for the purpose of Company Law, and Trustees for the purpose of Charity Law, and who served during the year, were: John Veness (Chair) Miny Jansen John Hodgett (Vice Chair and Company Secretary) Leon Kreitzman Marcia Purnell Irene Payne Ray Boyce Connor Lambourne Dr Nicky Ryan Caroline Tregaro (resigned May 2021)
**Chief Executive:** Ross Diamond
**Company Secretary:** John Hodgett
## **Age UK Lewisham and Southwark is a registered Charity (Charity No. 296862) and a Company Limited by Guarantee (Company No. 2118525)**
**The Registered Office** is 11 Scovell Road, London SE1 1QQ
**Auditors** : Goldwins Limited, 75 Maygrove Road, West Hampstead, London NW6 2EG
**Bankers** : National Westminster Bank plc, 70 Denmark Hill, London SES BTT
**Age UK Lewisham and Southwark is a Brand Partner of Age UK England** : Tavis House, 1-6 Tavistock Square London WC1H 9NA
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## **Annual Report of the Board of Trustees for the year ended 31st March 2021**
The Trustees, who are also directors of the Charitable Company, have pleasure in presenting their Annual Report and financial statements for the year ended 31 st March 2021. The Trustees confirm that the financial statements comply with current statutory requirements, the Memorandum and Articles of Association, and with the Statement of Recommended Practice - Accounting and Reporting by Charities, which is applicable to charities preparing their accounts in accordance with FRS 102.
**Age UK Lewisham and Southwark** exists to improve the lives of older people in the London Boroughs of Lewisham and Southwark, working towards a future in which older people are valued, safe and empowered to make choices about their lives.
## **Our Mission**
Age UK Lewisham and Southwark aims to empower and enable older people to lead fulfilled lives by:
- Providing services and support that address poverty and isolation
- Protecting the human rights of local older people
- Promoting health and wellbeing
- Connecting older people with their communities
- Working positively with partners across all sectors
- Our work is shaped by **our values:**
- We recognise older people as individuals with diverse talents and needs
- We are fair and equal as service provider, employer and partner
- We are opposed to ageism in all forms
- We are collaborative in our approach to work
We seek to be a dynamic, credible, trusted and sustainable organisation. All of our services are designed to support and empower older people.
The **charity's legal objects are** : to promote the following purposes for the benefit of the public and/or older people in and around Lewisham and Southwark: -
- Preventing or relieving the poverty of older people
- Advancing education
- Preventing or relieving sickness, disease or suffering in older people (whether emotional, mental or physical)
- Promoting equality and diversity
- Promoting the human rights of older people in accordance with the Universal Declaration of Human Rights
- Assisting older people in need by reason of ill-health, disability, financial hardship, social exclusion or other disadvantage
- Helping families and carers of older people
- Working with statutory and voluntary agencies
- Such other charitable purposes for the benefit of older people as the Trustees may from time to time decide.
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## **Ensuring our work delivers our purposes and aims**
The charity continues to develop effective ways of serving older people, including preventive activities and services to support healthy ageing. It supports the local voluntary sector, and engages in joint planning for, and influencing of, local services with both statutory and voluntary organisations. In reviewing our alms and objectives, and in planning our future activities, the Trustees refer to theCharity Commission's general guidance on public benefit. In particular, the Trustees consider how planned activities can contribute to our aims and objectives.
To ensure that our services can benefit those older people with the greatest need, we accept referrals from a variety of sources. We also take every available opportunity to publicise our programmes and to provide holistic support for older people through collaboration with other organisations.
## **Key Achievements**
The year 2020-21 started with the first Covid19 lockdowns, with uncertainty and fear being key features of life for many older people in our boroughs. Much of our face-to-face work was suspended during the lockdowns and we worked hard to move our services online or make them accessible by telephone as well as developing a range of new socially-distanced working models. Staff were supported to work from home where possible, using new technology to enable internet-based telephone calls as well as video calling etc. We temporarily closed our two Southwark day centres and redeployed the staff to deliver thousands of freshly cooked meals and activity packs to the former attendees (and many other isolated and vulnerable older people). We redesigned much of our work, including making over 5,000 proactive phone calls to check on the welfare of vulnerable older people in Southwark and providing Lewisham’s front line Covid support line (taking 12,000 calls in 5 months for residents wanting to access food, befriending and other vital support services). We continued to deliver face-to-face Food2You shopping services and opened our other services for in-person support whenever this was considered safe. Against this backdrop we also launched our new Ageing Well Southwark service, and the newly configured Community Connections Lewisham services.
## **Information and Advice:**
- Total annual income gain across both boroughs: £769,023
- 44 home visits in Lewisham, 25 in Southwark; these were delivered to clients most in need and during periods of lower infection rates/restrictions
- 358 clients supported in Lewisham and 479 in Southwark (approximately)
## **Southwark SAIL Covid Support:**
- Contacted over 3,000 older people and made over 5.000 welfare calls
- Provided 60 free smartphones with 12 months of top ups (unlimited minutes, texts and 6GB of data)
- Delivered 30 tablets with data and provided basic tech support over the phone
- Posted over 350 activity books
- Arranged for 50 older people to receive free Christmas meals
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## **Ageing Well Southwark:**
- The partnership made 36,516 contacts with older people and 5,375 with carers
- 537 individual events were held and attended by over 1,000 individuals
- The partnership has supported 1,033 people with ongoing befriending relationships and started 310 new ones
- 2,321 people have been signposted to other agencies
## **Food2You:**
- Made 3,534 deliveries to older people unable to access shops
- Supported 153 different individuals
- Involved volunteers for a total of 5,913 hours
## **Lewisham Community Connections/SAIL:**
Between March and August 2020 our SAIL and Community Connections Team:
- Integrated their work with Voluntary Services Lewisham, Rushey Green Time Bank and the Foodbank to jointly deliver the Lewisham COVID 19 Community Support Hub
- Handled 12 000 calls from Lewisham residents struggling with the effects of the pandemic
- Made 8390 referrals and signposts, 5011 internally to Hub services via a shared database and 3319 to external partners
- Inducted 31 Council colleagues to work alongside AUKLS staff on the COVID 19 hub phoneline
- Provided more in depth support to 104 clients whose situation was especially complex
From September 2020, SAIL and Community Connections were merged into the new “Community Connections Lewisham” service, taking in the learning from the COVID 19
helpline without any interruption of the service. Between September and March the team:
- Handled 8 198 contacts with vulnerable adults in the borough and their supporters Supported 5 523 different individuals aged 18+ and 2 353 individuals aged 60+ (42%)
- Made 3046 signposts and 1765 referrals to local groups and services
- Provided more in depth support to 132 clients whose situation was complex
- Did 214 visits to 81 local groups who provide health and wellbeing activities to support them
## **Stones End Day Centre (Southwark):**
The Centre was closed during 2020-21 and the staff were redeployed:
- 9,600 - hot meals for those self-isolating or shielding as partner with Fooditude and Bermondsey Community Kitchen to distribute 500 meals weekly
- 5,000 hot meals cooked in house and distributed (with funding from Age UK) – plus 65 Christmas dinners (funded by United St Saviours)
- 85 Christmas hampers (with donations from Team London Bridge and Swindon Baptist Church)
- 400+ bags of groceries donated by Bermondsey Food Bank, Rye Hill Park TRA, Tesco, Fareshare and Asda were distributed to the most vulnerable
- 3,000+ wellbeing calls made to check on members wellbeing and address any immediate needs
- Online activity sessions delivered for members (with tech support) and the distribution of 9 tablet computers with data
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## **Healthy Living and Learning Service (Southwark):**
1915 Activity packs were distributed to older people during the Covid 19 lockdowns
- 300 Food parcels distributed (with donations from Mercato Metropolitano)
- 270 Older people accessed 1,480 events of which 50 were held out of office hours including at weekend
- 10 new partnerships were formed - including an online collaboration with the Museum of London that also benefited local nursing homes, and supported befriending calls to isolated older people during the lockdown (via Grosvenor)
## **SAIL/ GP Navigation Covid Support:**
- Contacted over 3,000 older people and made over 5.000 welfare calls
- Provided 60 free smartphones with 12 months of top ups (unlimited minutes, texts and 6GB of data)
- Delivered 30 tablets with data and provided basic tech support over the phone
- Posted over 350 activity books
- Arranged for 50 older people to receive free Christmas meals
## **Winter Rehab and Reablement Programme:**
In the Winter of 2020/21 we delivered a service to help prevent re-admissions of patients following discharge from hospital
- Received 122 client referrals
- Made 19 Home visits
- Made 500+ telephone calls
## **Happy Feet:**
The Happy Feet toenail cutting service was suspended from March 2020. We trialled Covid secure clinics from September to December 2020, before suspending the service again in
January 2021 due to lockdown restrictions.
- Between September and December 2020, the service delivered 32 clinic appointments at our Stones End and Yalding sites and prepared to open new clinics in 2021/22
## **Handyperson Service:**
The Handyperson service adapted to cope with the social-distancing requirements of Covid. Essential jobs only were delivered from April 2020 to September 2020 and then again from January 2021 to I think it was March 2021.
- Completed 329 jobs
- Installed 28 key safes and 12 microenvironment jobs to support hospital discharge
- Supported with the delivery of tablets and mobile phones to help reduce isolation during lockdowns
- Completed 36 gardening jobs to help older people enjoy their outside space whilst shielding or in lockdown
## **Shop and Drop:**
This temporary Covid response provided a shopping service for older people temporarily unable to leave their homes due to Covid, lockdown or quarantine restrictions.
- Recruited 12 volunteers
- Completed over 200 shops
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## **Structure. Governance and Management**
Age UK Lewisham and Southwark (AUKLS) is an independent Registered Charity and a Company Limited by Guarantee, responsible for its own policy, direction, and funding. AUKLS is a Charity formed from a merger of Age Concern Southwark and Age Concern Lewisham in 2006.
In April 2021 the Constitution was changed, to enact those parts of the changes that had been agreed at the November 2019 AGM which had been accepted by the Charity Commission. The changes were to bring the charity in line with best practice in relation to the length of time that Trustees can serve, and to amend the membership criteria to reflect our current membership more appropriately. These new/amended clauses are:
_12.2. Further membership is open to anyone who is interested in advancing the charity’s purposes, and who, by applying for membership has indicated his, her or its agreement to become a member and acceptance of the duty of members set out in sub-clause 12.3. A member may be an individual or a voluntary organisation._
_12.3 It is the duty of each member of the charity to exercise his or her powers as a member of the organisation in the way he or she decides in good faith would be most likely to further the purposes of the organisation._
_12.4 The charity trustees may require applications for membership to be made in any reasonable way that they decide_
_20.3 Any person who retires as a charity trustee by rotation or by giving notice to the charity is eligible for reappointment, unless they are at the end of their third term or have served for the maximum of 9 years – whichever amounts to the greatest number of total years served as a trustee since the adoption of these articles in 2014._
The Board of Trustees of the Charity governs its affairs. Trustees are also Directors of the Company. The Trustees have a broad range of skills, experience, and backgrounds. The Articles of Association allow for Organisational Members as well as individual Trustees, and as at 31 March 2019 there were 10 individual Trustees and 14 Organisational Members.
The Board takes overall responsibility for ensuring that the financial, legal and contractual responsibilities of the charity are met, and that there are satisfactory systems of controls and of risk management. It decides on policy and strategy, and ensures that the organisation fulfils its objectives. The Board meets at least quarterly. There are also Finance and Operational subcommittees of the Board that meet quarterly.
The day-to-day management of the charity is delegated to the Chief Executive Officer, who works with a team of managers to fulfil the charity's objectives. The Chief Executive Officer reports to the Chair and Board.
AUKLS is a Brand Partner of Age UK England, which allows AUKLS to ensure that the issues and concerns of older adults in Lewisham and Southwark are brought to the attention of policy makers, at national, regional and local levels.
We are proud holders of the Age UK Organisational Quality Standard which certifies that we are a well-governed and effective organisation committed to the wellbeing of older people, our staff, volunteers and partners. We re-secured this certification in 2021 and will seek its renewal when
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this is next required (subject to notice from Age UK).
Our Information and Advice Service holds the Age UK Information and Advice Quality Mark. This is a quality assurance for organisations which provide to the public advice on social welfare issues. It recognises the high standard of advice we provide for older people locally.
We continue to be accredited for the NHS Data Security & Protection Toolkit Standard in relation to our information governance.
AUKLS remains an independent local charity, run by local people, for local people. It continues to provide high-quality services at local level, supporting older adults to maintain their independence, dignity and well-being. It is also a member of The Age England Association, and Age UK London.
## **Risk Management**
Trustees regularly assess and review the most important strategic and operational risks to the charity, and ensure that systems and procedures are in place to monitor and mitigate these. A risk register is maintained outlining the likelihood of any potentially damaging outcome, the potential impact of such an outcome, and detailing who is responsible within the organisation for monitoring the risks and for taking relevant steps to mitigate these. These steps include ways of reducing both likelihood and impact.
The key risks and mitigations identified for the year were: -
- Risk: Reduction in funding from public sector agencies, grant-giving trusts, corporate supporters and local donors.
- Mitigations: Maintain our reputation as a flexible and positive partner; Maintain our visibility in both boroughs; Maintain relationships with statutory funders – at a high level where necessary – ensuring our objectives are closely aligned with theirs and that we communicate the impact and quality of our work; Increase mixed funding base. Delivery of excellent services showing value for money; Ensure positive outcomes reporting for current projects; Maintain relationships and visibility with funders; capture and share evidence of impact; Ensure timely and well written funding bids. Recruitment of a dedicated Fundraiser to support corporate fundraising and local-giving programmes.
- Risk: Loss of brand identity: Our work on Ageing Well Southwark and Community Connections Lewisham is developing distinct brands outside of the Age UK branding and some of our other work (eg MYSocial, Food2You) also has separate branding. There is a risk that Age UK L&S is not recognised as delivering these services and/or we are seen as "too close" to Local Authorities. Mitigation: Keep under review. Promote all services as being delivered by Age UK Lewisham and Southwark. Ensure staff and volunteers feel part of single organisation.
- Risk: Dependency on Chief Executive and Senior Management Team Mitigations: Strong Leadership team; Delegation of work and relationships; Clear written procedures to ensure continuity in the event of significant staff turnover; Board support for Senior Staff; Core capacity increased to avoid SMT burnout
- Risk: Major data breach: Mitigations: Named Data Protection Officer appointed; Data Protection Policy reviewed and
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implemented; Data protection covered in all operational risk registers; Business Continuity Plan developed;"
- Risk: Fraud / theft of fund Mitigations: Implementation of Fraud Policy and communication of this to all staff; Update and implement finance procedures setting out controls in place; Annual Review against Charity Commission CC8 checklist ‘Internal financial controls for charities’"
- Risk: Services unable to resume due to pandemic or other major disaster event; Mitigations: Updated Business Continuity plans; Risk assessments for staff; Risk assessments for premises; Risk assessment and planning for projects to include Covid and other disaster events; staff strongly encouraged to take relevant vaccines; maintain close watch on emerging evidence ongoing; renew insurance
## **Pay Policy for Senior Staff**
Key Management Personnel are considered to be the Trustees and the Chief Executive. The pay of senior staff is reviewed annually by the Trustees, and is benchmarked against pay levels in similar charities. All Trustees give their time freely, and none have received any remuneration or expenses during the year.
## **Responsibilities of the Board of Trustees**
Company law requires the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date, and of its incoming resources, and application of resources, including income and expenditure. In preparing these financial statements, the Trustees should follow best practice, and:
- Select suitable accounting policies and then apply them consistently
- Observe the methods and principles of the charity SORP
- Make judgements and 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 business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable Company, and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account and
Reports) Regulations 2008. They are also responsible for safeguarding the assets of the Charitable Company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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## **Financial Review**
Our work is funded by a mixture of income earned from services delivered, grants from local authorities, other statutory bodies, charitable trusts and foundations, and donations from individuals and corporate bodies. The main funding sources for year were from Southwark and Lewisham Councils.
This year saw the start of our Ageing Well Southwark (Older People and Carers Hub) contract with Southwark Council (which deliver in partnership with our COPSINS partners) and major changes to our Community Connections and SAIL projects in Lewisham in response to lessons learned from the Covid pandemic response.
During the year a number of organisations funded us to support our members that were impacted by the pandemic and we are very grateful for their flexibility and consideration.
Our insurance policy allowed us to make a claim for income that was otherwise lost due to the closure of our Stones End Day Centre.
Drawing monies from the Government’s furlough scheme allowed us to support our staff and minimise the financial impact to the organisation.
## **Reserves Policy**
As at 31 March 2021, total reserves were £904,589 of which none were restricted. The reserves policy aims to ensure we can:
- Deal with short-term volatility of income without having to suddenly cut expenditure. This
- allows the charity to spend a portion of reserves, subject to a replenishment plan being in place.
- Provide funding to cover the charity in the extreme case of closure / major change.
The Trustees consider that 3 to 4 months' future expenditure is the target range for these purposes. This gives a target range for free reserves of between £530k and £710k. The actual amount of £904,589 was above this range as at 31 March 2021. The impact of COVID19 which could start to be felt at the end of the financial year would demonstrate the importance of having healthy reserves.
## **Going Concern**
The Trustees believe that that there are no material uncertainties that call into doubt the charity's ability to continue Its activities. The accounts have therefore been prepared on the basis that the charity is a going concern.
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## **Investment Policy**
The Investment Policy seeks to strike a balance between holding sufficient cash levels to meet working capital requirements, and investing that part of the reserves held for longer periods in assets that are likely to keep pace with rising costs.
The policy is to hold the majority of funds in liquid assets to deal with short-term requirements and guard against volatility, and a smaller portion in assets likely to achieve some capital growth.
Cash is invested in a variety of UK banks that are covered by Financial Services Compensation Scheme [FSCS]. A balance is struck between instant access, notice accounts and fixed term deposits, dependent on cash flow requirements.
Non-cash investments are in collective schemes to achieve the required diversity
- these can be funds of bonds, equities, or other investments, or a mixture of these assets. We do not have a specific environmental, social and governance policy though where feasible we seek to invest in ethical funds.
## **Disclosure of information to Auditors**
So far as the Trustees are aware, there is no relevant audit information of which the company's auditors are unaware, and the Trustees have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the charity's auditors are aware of that information.
## **Auditors**
Goldwins Limited have indicated their willingness to continue in office, and in accordance with the provisions of the Companies Act 2006 a resolution will be proposed at the Annual General Meeting that they be appointed as auditors to the company for the ensuing year.
Approved by the Board on …………………………………. and signed on its behalf: 20/12/21
……………………………………………………………..
John Veness Chair
Charity No. 296862 Company No. 2118525
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## **Independent Auditor’s Report**
## **To the members of**
## **Age UK Lewisham and Southwark**
## **Opinion**
We have audited the financial statements of Age UK Lewisham and Southwark for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. 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).
## **Opinion on financial statements**
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 2021 and of its income and expenditure 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 Auditorʼs 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 FRCʼs 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 directors with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditorʼs report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
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## **Independent Auditor’s Report**
## **To the members of**
## **Age UK Lewisham and Southwark**
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
## **Opinion on other matter prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees’ report (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the trustees’ report (incorporating the directors’ report) have been prepared in accordance with applicable legal requirements.
## **Matters on which we are required to report by exception**
In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees’ remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.
## **Responsibilities of the trustees**
As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
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## **Independent Auditor’s Report**
## **To the members of**
## **Age UK Lewisham and Southwark**
In preparing the financial statements, the trustees are responsible for assessing the Charityʼs 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 Charity or to cease operations, or have no realistic alternative but to do so.
## **Our responsibilities for the audit of the financial statements**
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 auditorʼs 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:
- We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:
- Detecting, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
- Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud;
- We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
- We performed analytical procedures to detect any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.
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. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Councilʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.
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## **Independent Auditor’s Report**
## **To the members of**
## **Age UK Lewisham and Southwark**
## **Use of our report**
This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s 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 members as a body, for our audit work, for this report, or for the opinions we have formed.
**Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG**
21 December 2021
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## **Age UK Lewisham and Southwark Statement of Financial Activities (Incorporating an Income and Expenditure Account) For the year ended 31 March 2021**
|**Notes**
**Income from:**
**Donations and Grants**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
General
**Total Donations and Grants**
**3**
**Charitable activities:**
Healthy Communities and Day Care
Community Connections
General
**Total Charitable Activities**
**4**
**Investment Income**
**5**
**Total Income**
**Expenditure on:**
**Raising Funds**
**Charitable activities**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total expenditure**
**7**
**Net income / (expenditure) before net gains (losses) on**
**investments**
Net gains / (losses) on investments
**Net Movement in Funds in the year**
**Reconciliation of funds**
**Funds brought forward at 1 April 2020**
**Funds carried forward at 31 March 2021**
**19**|**funds**
**£**
40,180
86,180
40,680
67,598
234,638
218,092
-
80,903
298,995
7,887
541,520
42,323
199,231
118,197
73,201
432,952
108,568
25,961
134,529
770,060
904,589
**Unrestricted**|**funds**
**£**
820,956
504,656
750,480
83,611
2,159,703
-
-
-
-
-
2,159,703
-
904,567
504,656
750,480
2,159,703
-
-
-
-
-
**Restricted**|**2021**
**Total**
**funds**
**£**
**861,136**
**590,836**
**791,160**
**151,209**
**2,394,341**
**218,092**
**-**
**80,903**
**298,995**
**7,887**
**2,701,223**
**42,323**
**1,103,798**
**622,853**
**823,681**
**2,592,655**
**108,568**
**25,961**
**134,529**
**770,060**
**904,589**|**2020**
**Total**
**funds**
**£**
464,920
465,518
464,782
65,303|
|---|---|---|---|---|
|||||1,460,523|
|||||367,451
99,400
184,581|
|||||651,432|
|||||12,344|
|||||2,124,299|
|||||77,638
610,452
885,973
560,945|
|||||2,135,008|
|||||(10,709)
(13,154)|
|||||(23,863)
793,923|
|||||770,060|
All of the above results are derived from continuing activities.
There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements.
17
## **Age UK Lewisham and Southwark Balance Sheet As at 31 March 2021**
|**Notes**
**FIXED ASSETS**
Tangible assets
**11**
Intangible Fixed Assets
**12**
Investments
**13**
**CURRENT ASSETS**
Debtors
**14**
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors – amounts falling due
within one year
**15**
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Restricted funds
Unrestricted funds
Designated Funds
General Funds
**19**
Total Unrestricted Funds
**TOTAL FUNDS**
**18**|**£**
667,783
223,262|
|---|---|
||-
904,589|
|||
The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.
20/12/21
Approved by the Board and authorised for issue on….....................
……………………………………… **Trustee Chair: John Veness Date:** 20/12/21 **Company registration Number: 2118525** Type text here
## **The attached notes form part of the financial statements.**
18
## **Age UK Lewisham and Southwark Statement of Cash Flows For the year ended 31 March 2021**
|**Note**
**20**
**Cash flows from investing activities:**
Interest/ rent/ dividends from investments
Sale / (purchase) of fixed assets
Sale /(purchase) of investments
**Cash provided by investing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**
**21**
**Net cash provided by operating activities**|**2021**
**£**
7,887
(33,007)
148,471|**2021**
**£**
**(130,766)**
**123,351**
**(7,415)**
**230,677**
**223,262**|**2020**
**£**
12,345
(25,253)
(1,639)|**2020**
**£**
(215,269)
(14,547)|
|---|---|---|---|---|
|||||(229,816)
**460,493**|
|||||230,677|
19
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
## **1 Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost or transaction value.
## **b) Going concern**
The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the performance of a specified service is deferred until the criteria for income recognition are met.
## **d) Donations of gifts, services and facilities**
Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **e) Interest receivable**
- Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **f) Fund accounting**
- Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity.
## **g) Expenditure and irrecoverable VAT**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:
- Costs of raising funds comprise shop costs and the costs incurred in raising voluntary contributions, as well as the cost of any activities with a fundraising purpose.
Expenditure on charitable activities includes the costs of delivering services and small grants undertaken to further the purposes of the charity and their associated support and governance costs. Charitable activities are analysed into the three main activity areas undertaken by the charity.
VAT is charged as a cost against the activity for which the expenditure was incurred as Age Uk Lewisham and Southwark is not VAT registered
20
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
## **1 Accounting policies (continued)**
## **h) Allocation of support and governance costs**
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the services for older people. These costs have been allocated between cost of raising funds and expenditure on charitable activities. Governance costs are those involving the public accountability of the charity (including audit costs.) Support and governance costs have been allocated according to staff numbers and resource plans.
## **i) Operating leases**
Rental charges are charged on a straight line basis over the term of the lease.
## **j) Tangible fixed assets**
Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Leasehold improvements Over 10 yrs or the life of the lease if less than 10 yrs Motor vehicles 25% straight line Fixtures and fittings 33.3% straight line Computer and office equipment 33.3% straight line Intangible Assets 33.3% straight line
## **k) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **l) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **p) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **q) Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
## **r) Pensions**
The charity operates a defined contribution pension scheme operated by NEST. Contributions are to the Statement of Financial Activities when they are payable to the scheme.
21
**2 Detailed comparatives for the statement of financial activities**
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
|**Income from:**
**Donations and Grants**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
General
**Total Donations and Grants**
**Charitable activities:**
Healthy Communities and Day Care
Community Connections
General
**Total Charitable Activities**
**Investment Income**
**Total Income**
Raising funds
**Charitable activities:**
Independent Living Services
Healthy Communities and Day Care
Lewisham Connections
**Total expenditure**
Net gains / (losses) on investments
**Net movement in funds**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure) before net gains (losses) on**
**investments**|**2020**
**£**
-
35,397
-
65,303
100,700
367,451
99,400
184,581
651,432
12,344
**764,476**
77,638
31,464
455,852
96,163
**661,117**
103,359
(13,154)
90,205
679,855
**770,060**|**2020**
**£**
464,920
430,121
464,782
-
1,359,823
-
-
-
-
-
**1,359,823**
-
578,988
430,121
464,782
**1,473,891**
(114,068)
-
(114,068)
114,068
**-**
**Restricted**|**2020**
**Total**
**£**
464,920
465,518
464,782
65,303|
|---|---|---|---|
||||1,460,523|
||||367,451
99,400
184,581|
||||651,432|
||||-
12,344|
||||**2,124,299**|
||||77,638
610,452
885,973
560,945|
||||**2,135,008**|
||||(10,709)
(13,154)|
||||(23,863)
793,923|
||||**770,060**|
22
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
## **3 Income from donations and grants**
|**£**
Donations
19,226
Age UK
36,373
London Borough of Southwark
12,000
London Borough of Southwark - Ageing Well Southwark
-
London Borough of Lewisham-Community Connections
-
London Borough of Southwark - Weather Well
-
London Borough of Southwark - Healthy Living
-
United St Saviour
-
Mercers - Positive Mind
-
Lewisham CCG
-
London Borough of Southwark -Toe Nail Cutting
-
London Borough of Southwark Handyperson Grant
-
London Borough of Southwark - Information and Advice
-
London Borough of Southwark
-
London Borough of Lewisham - Information and Advice
500
London Borough of Lewisham - Safe and Independent Living
South Southwark GP Federation Safe and Independent Living
-
Quay Health Solutions Safe and Independent Living
-
Generation Foundation
30,000
Tudor Trust
-
John Ellerman
-
RBS NatWest - Skills and Opportunity Project
-
CJRS and other grants
120,539
Pool re.
16,000
Lewisham other
-
OPCRG
-
Lay Inspector
-
Rehab Project
-
SAIL
-
Winter pressuers
-
Postcode Local Trust
-
234,638
**4**
**Charitable Activities**
Day Care services
78,742
Happy Feet services
1,400
Property letting
5,400
Catering and centre activities Income
137,950
Other income
75,503
298,995
**5**
**Investment income**
Bank interest and investment income
7,887
**7,887**
**Unrestricted**|**£**
-
63,268
-
892,338
566,570
59,382
-
23,838
34,649
-
-
-
-
-
74,000
92,012
68,484
33,985
-
40,903
40,758
-
4,800
-
17,898
11,238
10,000
26,425
53,195
30,417
15,543
2,159,703
-
-
-
-
-
-
-
-
**Restricted**|**2021**
**Total**
**£**
**19,226**
**99,641**
**12,000**
**892,338**
**566,570**
**59,382**
**-**
**23,838**
**34,649**
**-**
**-**
**-**
**-**
**-**
**74,500**
**92,012**
**68,484**
**33,985**
**30,000**
**40,903**
**40,758**
**-**
**125,339**
**16,000**
**17,898**
**11,238**
**10,000**
**26,425**
**53,195**
**30,417**
**15,543**
**2,394,341**
**78,742**
**1,400**
**5,400**
**137,950**
**75,503**
**298,995**
**7,887**
**7,887**|**2020**
**Total**
**£**
**£**
**£**
48,263
-
48,263
15,000
-
15,000
-
-
-
-
107,000
107,000
-
417,472
417,472
-
147,000
147,000
-
104,569
104,569
-
31,667
31,667
-
36,728
36,728
-
25,993
25,993
35,397
-
35,397
-
23,000
23,000
-
47,309
47,309
-
29,901
29,901
-
76,690
76,690
-
78,300
78,300
-
110,000
110,000
-
-
-
-
-
-
-
41,597
41,597
-
41,597
41,597
-
13,543
13,543
2,040
27,457
29,497
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100,700
1,359,823
1,460,523
367,451
-
367,451
99,400
-
99,400
23,874
-
23,874
160,707
-
160,707
-
-
-
**651,432**
-
651,432
12,344
**-**
12,344
**12,344**
-
12,344
**Unrestricted**
**Restricted**|**2020**
**Total**
**£**
**£**
**£**
48,263
-
48,263
15,000
-
15,000
-
-
-
-
107,000
107,000
-
417,472
417,472
-
147,000
147,000
-
104,569
104,569
-
31,667
31,667
-
36,728
36,728
-
25,993
25,993
35,397
-
35,397
-
23,000
23,000
-
47,309
47,309
-
29,901
29,901
-
76,690
76,690
-
78,300
78,300
-
110,000
110,000
-
-
-
-
-
-
-
41,597
41,597
-
41,597
41,597
-
13,543
13,543
2,040
27,457
29,497
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100,700
1,359,823
1,460,523
367,451
-
367,451
99,400
-
99,400
23,874
-
23,874
160,707
-
160,707
-
-
-
**651,432**
-
651,432
12,344
**-**
12,344
**12,344**
-
12,344
**Unrestricted**
**Restricted**|
|---|---|---|---|---|
|||||1,460,523|
|||||367,451
99,400
23,874
160,707
-|
|||||651,432|
|||||12,344|
|||||12,344|
23
**Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
## **7 Analysis of expenditure**
|Staff
Training, travel & recruitment
Meetings, activity and events
Audit Fees
Consultancy, legal & professional
Depreciation
Premises
Administration & finance
Miscellaneous
Support costs
Governance costs
**Total expenditure 2021**
Total expenditure 2020
**Analysis of expenditure (prior year)**
Staff
Training, travel & recruitment
Meetings, activity and events
Audit Fees
Consultancy, legal & professional
Depreciation
Premises
Administration & finance
Support Costs
Governance Costs
**Total expenditure 2020**
Total expenditure 2019|**£**
12,187
1,998
-
-
-
-
-
28,138
-
-
-
-
**42,323**
**Cost of raising**
**funds**|**Independent**
**Living**
**Services**
**£**
435,144
499
564,568
-
400
14,466
13,373
3,751
-
70,098
1,500
-
**1,103,798**|**Healthy**
**Communities**
**and Day Care**
408,762
468
82,798
-
375
13,589
20,062
3,523
-
90,274
3,000
**622,853**|**Lewisham**
**Connections**
**£**
517,073
593
125,807
-
475
17,190
15,891
4,457
-
140,195
2,000
**823,681**|**Governance**
**Costs**
**£**
-
-
-
6,500
-
-
-
-
-
-
(6,500)
**-**|**Support**
**Costs**
152,574
-
-
-
58,704
5,773
46,379
-
37,137
(300,567)
-
-|**£**
**£**
**1,525,740**
1,482,312
**3,558**
39,992
**773,173**
318,710
**6,500**
6,500
**59,954**
62,373
**51,018**
41,309
**88,206**
122,407
**39,869**
61,405
**37,137**
**-**
-
**-**
-
**2,592,655**
2,135,008
**2021 Total**
**2020 Total**|
|---|---|---|---|---|---|---|---|
||77,638|610,452|885,973|560,945|-|-|-
2,135,008|
||**£**
11,840
22,460
0
-
-
-
-
43,338
-
-
**77,638**
**Cost of raising**
**funds**||**Charitable**|**activities**||**Support**
**Costs**
227,449
-
-
-
61,072
4,674
64,362
-
(357,557)
-
-|**£**
**£**
**1,482,312**
1,394,408
**39,992**
14,128
**318,710**
273,770
**6,500**
5,500
**62,373**
56,726
**41,309**
46,975
**122,407**
263,758
**61,405**
69,949
-
-
-
**2,135,008**
2,125,215
**2020 Total**
**2019 Total**|
|||**Independent**
**Living**
**Services**
**£**
368,976
5,059
49,425
-
-
-
1,000
4,444
180,048
1,500
**610,452**|**Healthy**
**Communities**
**and Day Care**
527,111
4,939
171,788
-
1,046
36,635
53,417
11,455
76,582
3,000
**885,973**|**Lewisham**
**Connections**
**£**
346,936
7,534
97,497
-
255
-
3,628
2,168
100,927
2,000
**560,945**|**Governance**
**costs**
**£**
-
-
-
6,500
-
-
-
-
-
(6,500)
-|||
||106,759|547,253|949,920|521,283|-|-|-
2,125,215|
**7a Analysis of expenditure (prior year)**
|**8**
**Net incoming/ (outgoing) resources for the year**
This is stated after charging:
Depreciation
Operating Lease Rentals
_Property_
_Other Equipment_
Auditors' Remuneration
**9**
**Staff costs**
Salaries
Redundancy and Termination Costs
Employer National Insurance Costs
Employer's contribution to defined contribution pension schemes
Agency staff & volunteers expenses
The average number of employees was:
Raising Funds
Charitable Activities
Support
Governance|**2021**
**£**
**47,347**
**33,252**
**9,560**
**7,750**
**2021**
**£**
**1,383,809**
**-**
**113,335**
**28,596**
**-**|**2020**
**£**
41,310
55,782
10,931
6,500
**2020**
**£**
1,329,094
15,193
104,855
28,105
4,966|
|---|---|---|
||**1,525,740**|1,482,214|
||**2021**
**No.**
**1.0**
**68.0**
**6.0**
**1.0**|**2020**
**No.**
1.0
75.2
6.0
0.4|
||**76.0**|82.6|
No employee received emoluments amounting over £60,000 during the current year (2020: nil).
The charity trustees were not paid or received any other benefits from employment with the charity in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
The total employee benefits including pension contributions and employer`s national insurance of the key management personnel were £66,105 (2020: £86,577).
24
Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021
## **10 Taxation**
Age UK Lewisham and Southwark is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
|**Tangible fixed assets**
**Cost**
At the start of the year Apr 2020
Additions in year
At the end of the year Mar 2021
**Depreciation**
At the start of the year Apr 2020
Charge for the year
At the end of the year Mar 2021
**Net Book Value**
**At the end of the year Mar 2021**
**At the start of the year Apr 2020**
Capital commitments: Nil
**Intangible fixed assets**|**Motor**
**Vehicles**
**£**
**£**
**£**
113,954
121,248
66,732
-
-
33,007
113,954
121,248
99,739
113,954
102,619
62,979
-
13,200
11,852
113,954
115,819
74,831
**-**
**5,429**
**24,908**
-
18,629
3,753
**Cost**
At the start of the year Apr 2020
Additions in year
At the end of the year Mar 2021
**Depreciation**
At the start of the year Apr 2020
Charge for the year
At the end of the year Mar 2021
**Net Book Value**
**At the end of the year Mar 2021**
**At the start of the year Apr 2020**
**Leasehold**
**Buildings**
**Computer**
**& Office**
**Equipment**|**Fixture**
**£**
95,007
-
95,007
56,848
22,295
79,143
**15,864**
38,159
**£**
11,010
-
11,010
7,340
3,670
11,010
**-**
7,340
**Fittings &**|**Total**
**£**
**396,941**
-|
|---|---|---|---|
||||**396,941**|
||||**336,399**
47,347|
||||**383,746**|
|||||
||||**46,202**|
||||60,541|
|||||
## **11 Tangible fixed assets**
## **12 Intangible fixed assets**
## **13 Investments**
**Investments at fair value:** Cash Fixed Term Deposits Investment Funds **Movements** Additions at cost Transfers Net gain / (loss) on revaluation
**14 Debtors** Trade debtors Prepayments Accrued income Other debtors
## **15 Creditors**
Trade creditors Other creditors Taxation and social security Accruals Deferred Income
|**2021**
**£**
**180,550**
**139,194**
**319,744**
**1,529**
**(150,000)**
**25,961**
**(122,510)**
**2021**
**£**
**519,916**
**33,690**
**113,711**
**466**
**667,783**
**2021**
**£**
**83,169**
**45,768**
**28,939**
**100,277**
**94,249**
**352,402**|**2020**
**£**
329,021
113,233|
|---|---|
||442,253|
||1,639
**-**
(13,154)|
||(11,515)|
||**2020**
**£**
111,652
22,136
259,816
**-**|
||393,604|
||**2020**
**£**
24,024
66,797
28,507
105,176
136,182|
||360,685|
25
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
|**16**
**Deferred income**
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year|**2021**
**£**
**136,182**
**(136,182)**
**94,249**
**94,249**|**2020**
**£**
73,080
(73,080)
136,182|
|---|---|---|
|||136,182|
|Deferred income comprises grants received from funders in the year which is required to be spent i
**17**
**Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:-
**2021**
**Land and**
**Buildings**
**Other**
**£**
**£**
1 year
**20,000**
**1,648**
2 - 5 years
-
**-**
> 5 years
-
-
**20,000**
**1,648**
**18**
**Analysis of net assets between funds**
**Fund**
**£**
Fixed Assets
46,202
Investments
319,744
Current Assets
891,045
Current Liabilities
(352,402)
Net assets at the end of the year
904,589
**18a Analysis of net assets between funds (prior year)**
**Fund**
**£**
Fixed Assets
64,211
Investments
442,253
Current Assets
624,281
Current Liabilities
(360,685)
Net assets at the end of the year
770,060
**19**
**Movements in funds**
**At 1 April**
**Incoming**
**Outgoing**
**2020**
**Resources**
**Resources &**
**losses**
**£**
**£**
**£**
**Unrestricted funds**
General Funds
770,060
567,482
(432,952)
**Total Unrestricted funds**
770,060
567,482
(432,952)
**Restricted funds:**
Safe & Independent Living
-
820,956
(904,567)
Healthy Communities and Day Care
-
504,656
(504,656)
Lewisham Connections
-
750,480
(750,480)
General
-
83,611
-
**Total restricted funds**
-
2,159,703
(2,159,703)
**Total Funds**
770,060
2,727,185
(2,592,655)
**19a Movements in funds (Prior year)**
**At 1 April**
**Incoming**
**Outgoing**
**2019**
**Resources**
**Resources &**
**£**
**£**
**£**
**Unrestricted funds**
Designated Fund - Kitchens
26,839
-
(26,839)
Designated Fund - Depreciation of Donated Asset
13,004
-
(13,004)
General Funds
640,012
764,476
(634,427)
**Total Unrestricted funds**
679,855
-
(674,270)
**Restricted funds:**
Care Watch
19,045
-
(19,045)
Food 2 You
25,838
-
(25,838)
Peckham Settlement - Members' Shed
1,416
-
(1,416)
Safe & Independent Living
61,450
464,920
(526,370)
Healthy Communities and Day Care
-
430,121
(430,121)
Lewisham Connections
-
464,782
(464,782)
Sponsor a Member
6,319
-
(6,319)
**Total restricted funds**
114,068
1,359,823
(1,473,891)
**Total Funds**
793,923
1,359,823
(2,148,161)
**Unrestricted**
**Unrestricted**|Deferred income comprises grants received from funders in the year which is required to be spent i
**17**
**Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:-
**2021**
**Land and**
**Buildings**
**Other**
**£**
**£**
1 year
**20,000**
**1,648**
2 - 5 years
-
**-**
> 5 years
-
-
**20,000**
**1,648**
**18**
**Analysis of net assets between funds**
**Fund**
**£**
Fixed Assets
46,202
Investments
319,744
Current Assets
891,045
Current Liabilities
(352,402)
Net assets at the end of the year
904,589
**18a Analysis of net assets between funds (prior year)**
**Fund**
**£**
Fixed Assets
64,211
Investments
442,253
Current Assets
624,281
Current Liabilities
(360,685)
Net assets at the end of the year
770,060
**19**
**Movements in funds**
**At 1 April**
**Incoming**
**Outgoing**
**2020**
**Resources**
**Resources &**
**losses**
**£**
**£**
**£**
**Unrestricted funds**
General Funds
770,060
567,482
(432,952)
**Total Unrestricted funds**
770,060
567,482
(432,952)
**Restricted funds:**
Safe & Independent Living
-
820,956
(904,567)
Healthy Communities and Day Care
-
504,656
(504,656)
Lewisham Connections
-
750,480
(750,480)
General
-
83,611
-
**Total restricted funds**
-
2,159,703
(2,159,703)
**Total Funds**
770,060
2,727,185
(2,592,655)
**19a Movements in funds (Prior year)**
**At 1 April**
**Incoming**
**Outgoing**
**2019**
**Resources**
**Resources &**
**£**
**£**
**£**
**Unrestricted funds**
Designated Fund - Kitchens
26,839
-
(26,839)
Designated Fund - Depreciation of Donated Asset
13,004
-
(13,004)
General Funds
640,012
764,476
(634,427)
**Total Unrestricted funds**
679,855
-
(674,270)
**Restricted funds:**
Care Watch
19,045
-
(19,045)
Food 2 You
25,838
-
(25,838)
Peckham Settlement - Members' Shed
1,416
-
(1,416)
Safe & Independent Living
61,450
464,920
(526,370)
Healthy Communities and Day Care
-
430,121
(430,121)
Lewisham Connections
-
464,782
(464,782)
Sponsor a Member
6,319
-
(6,319)
**Total restricted funds**
114,068
1,359,823
(1,473,891)
**Total Funds**
793,923
1,359,823
(2,148,161)
**Unrestricted**
**Unrestricted**|Deferred income comprises grants received from funders in the year which is required to be spent i
**17**
**Operating lease commitments**
Total future minimum lease payments under non-cancellable operating leases are as follows:-
**2021**
**Land and**
**Buildings**
**Other**
**£**
**£**
1 year
**20,000**
**1,648**
2 - 5 years
-
**-**
> 5 years
-
-
**20,000**
**1,648**
**18**
**Analysis of net assets between funds**
**Fund**
**£**
Fixed Assets
46,202
Investments
319,744
Current Assets
891,045
Current Liabilities
(352,402)
Net assets at the end of the year
904,589
**18a Analysis of net assets between funds (prior year)**
**Fund**
**£**
Fixed Assets
64,211
Investments
442,253
Current Assets
624,281
Current Liabilities
(360,685)
Net assets at the end of the year
770,060
**19**
**Movements in funds**
**At 1 April**
**Incoming**
**Outgoing**
**2020**
**Resources**
**Resources &**
**losses**
**£**
**£**
**£**
**Unrestricted funds**
General Funds
770,060
567,482
(432,952)
**Total Unrestricted funds**
770,060
567,482
(432,952)
**Restricted funds:**
Safe & Independent Living
-
820,956
(904,567)
Healthy Communities and Day Care
-
504,656
(504,656)
Lewisham Connections
-
750,480
(750,480)
General
-
83,611
-
**Total restricted funds**
-
2,159,703
(2,159,703)
**Total Funds**
770,060
2,727,185
(2,592,655)
**19a Movements in funds (Prior year)**
**At 1 April**
**Incoming**
**Outgoing**
**2019**
**Resources**
**Resources &**
**£**
**£**
**£**
**Unrestricted funds**
Designated Fund - Kitchens
26,839
-
(26,839)
Designated Fund - Depreciation of Donated Asset
13,004
-
(13,004)
General Funds
640,012
764,476
(634,427)
**Total Unrestricted funds**
679,855
-
(674,270)
**Restricted funds:**
Care Watch
19,045
-
(19,045)
Food 2 You
25,838
-
(25,838)
Peckham Settlement - Members' Shed
1,416
-
(1,416)
Safe & Independent Living
61,450
464,920
(526,370)
Healthy Communities and Day Care
-
430,121
(430,121)
Lewisham Connections
-
464,782
(464,782)
Sponsor a Member
6,319
-
(6,319)
**Total restricted funds**
114,068
1,359,823
(1,473,891)
**Total Funds**
793,923
1,359,823
(2,148,161)
**Unrestricted**
**Unrestricted**|n the following
**2020**
**Land and**
**Buildings**
**£**
51,250
-
-
51,250
**Restricted**
**Funds**
**£**
-
-
-
-
-
**Restricted**
**Funds**
**£**
-
-
-
-
-
**Transfer**
**£**
-
-
-
-
-
-
-
**Transfer**
**£**
-
-
-|financial year.
**Other**
**£**
1,648
-
-|
|---|---|---|---|---|
|||||1,648|
|||||**Total**
**Funds**
**£**
**46,202**
**319,744**
**891,045**
**(352,402)**|
|||||**904,589**|
|||||**Total**
**Funds**
**£**
**64,211**
**442,253**
**624,281**
**(360,685)**|
|||||**770,060**|
|||||**At 31 March**
**2021**
**£**
**904,589**|
|||||**904,589**
**-**
**-**
**-**|
|||||**-**|
|||||**904,589**|
|||||**At 31 March**
**2020**
**£**
**-**
**-**
**770,060**|
||-
-
-
-
464,920
430,121
464,782
-
1,359,823
1,359,823|(674,270)
(19,045)
(25,838)
(1,416)
(526,370)
(430,121)
(464,782)
(6,319)
(1,473,891)
(2,148,161)|-
-
-
-
-
-
-
-
-
-|**770,060**
-
-
-
-
-
-
-|
|||||-|
|||||**770,060**|
There are 2 **Designated Funds** :
Kitchens - money set aside to fund refurbishment work on our Kitchens at Stones End and Yalding. Depreciation of Donated Asset - A gift in kind of a van was received and this funds covers the depreciation of the asset. **Restricted Funds** Care Watch is Homecare Quality Check project which focuses on local authority contracted home care for older people. The Healthy Living agrants are for our Centre at Yalding, Bermondsey Members shed is a a creative space established by the people who attend. The grants for Southwark Day Centre are for equipment and activities at Day Care Centre at Stones End. Community Connections is a development and access-facilitation project in Lewisham with a preventative health and wellbeing focus Safe and Independent Living [SAIL] provides a quick and simple way to access a wide range of local services to support older people in maintaining their independence, safety and wellbeing. Sponsor a Member is a fundraising appeal to allow us to give more places to older people at our Day Care Centre at Stones End. Food 2 You is a new establish service funded to focus helping the local elderly population with their shopping
26
## **Age UK Lewisham and Southwark Notes to the Financial Statements For the year ended 31 March 2021**
## **20 Reconciliation of net income / (expenditure) to net cash flow from operating activities**
|**Net income / (expenditure) for the reporting period**
**(as per the statement of financial activities)**
Depreciation
Interest, rent and dividends from investments
(Gains) / losses on investments
(Increase)/ decrease in debtors
Increase/ (decrease) in creditors
**Net cash provided by / (used in) operating activities**
**Analysis of cash and cash equivalents**
Cash at bank and in hand
**Total cash and cash equivalents**|**£**
230,677
230,677
**At 1 April**
**2020**|**2021**
**£**
**134,529**
**51,017**
**(7,887)**
**(25,961)**
**(274,181)**
**(8,283)**
**(130,766)**
**Cash flows**
**£**
(7,415)
(7,415)|**2020**
**£**
(23,863)
41,310
(12,344)
13,154
(319,422)
85,897|
|---|---|---|---|
||||(215,269)|
||||**£**
**223,262**
**At 31 March 2021**|
||||**223,262**|
## **21 Analysis of cash and cash equivalents**
## **22 Legal status of the charity**
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.
## **23 Related party transactions**
There are no related party transactions to disclose for 2021 (2020: none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
27