2021-03-31-accounts - Age Concern Liverpool & Sefton

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Contents
Report ofthe Trustees
Chair's Statement
Administration &Reference		Information
Structure, Governance	and	Management
ObJectives
Effective Governance
Activities				10
Achievements and Performance				13
Financial Review				15
Trustees' Responsibilities				19
Report ofthe Auditor				20
Consolidated Statement	of Financial		Activities	23
Consolidated & Charity	Balance Sheet			24
Consolidated statement	ofcash flows			25
Notes and Accounting	Policies			26

					2020/21	2020/21	2020/21	2020/21	2020/21	2019/20
					Unrestricted		Restricted	Total		Total
					Funds		Funds	Funds		Funds
INCOME AND ENDOWMENTS	FROM:			1.6			f		K	2
Donations and Legacies				2.1		32,889			32,889	61,118
Trading Activities				2.2		137,874			137,874	275,433
Investment Income				2,3		8,422	1,618		11,040	26,246
Charitable Activities				2.4	13044		04 00	I	2 04	2,755,995
TOTAL					1	404 4	I	I	3817	3140700
EXPENDITURE ON:				1.9
Trading Activities				3.1		145,588	-		145,598	296,104
Other Costs				3.2		27,664	87860		38,214	103,458
Charftable Activities				3.3	1,089,074		278,182	1,378,238		3,171,069
TOTAL					I	7 14	040	1,057030,072457
NET INCOME/(EXPENDITURE)	BEFORE INVESTMENTS					2121240	840341		2780681	(431 842)
Net Gains/(Losses) on Investments						40,124	2,334		42,458	(61,790)
Net Loss on Disposal						(42,?18)			(42,716)	0
NET (EXPENDITURE)/INCOME						,IW	560
Movement on Share ofAssociates		operating	profit /(loss)	4		31,280			31,280	177
Transfer between Funds				12,13,3 14		44,380	(44,380)
						he%	~UK		307,803	(483,465)
Other Recognised Gains/(Losses)
Merseyslde Pensbn Fund aotuarlal		gains/(losses)		16	(397,000)			(3970000)		205,000
NET MOVEMENTIN FUNDS					~777,002		2,280	~00307		~27,4
RECONCILIATION OF FUNDS:
Total Funds Brought Forward						807100	0014 7	'I	0 70	I 367031
Total Funds Carried Forward				, & 14		0 6,417	410,702		46 170	1. 0 7

				2021		2020
						E	E
Cash Flows from operating activities:					332,303		(452,769)
Cash Flows from Investing activities:
DWldends and Interest received				7,873		20,375
Bank snd other Interest receWed				3,387		7,870
Purchase oftangible fixed assets						(5,402)
Proceeds from sale offixed assets				300,000
Purchase ofInvestments				(13,183)
Proceeds ofsale ofInvestments				26,830		433,675
					323,787		456,438
Net cash used In financing activities					eae,oeo		3,669
Cash and cash equivalents brought	forward				287,9$3		294,264
Cash snd cash equivalents carried forward					664 6		6, »
Reconcglatlon of net income/(expenditure)		to net cash flow from operadng	activities
Net Income /(expenditure)					278,$23		(483,632)
Depreciation					18,882		30,383
(Gains)/ Loss on Investments					(42,4ae)		51,790
(Profit)uoss on sale oftangible fixed	assets				42,718
Investment Income					(11,040)		(28,245)
(Increase)/decrease In debtors					284,083		3,369
Increase/(decrease) In creditors					(217,18$)		(65,454)
Pension movement
Net cash (outflow)'Unflow from operating		activities
Reconcalatlon ofCash Movement						Movement
					At	In	At
					31.3.2020	Cash Flow	31.3.2021
Cash In hand and at bank					6664646

	PRINCIPAL ACCOUNTING POLICIES (continued)
1.9	Expenditure
	AU expenditure ls accounted for on an accruals basis and has been allocated on the basis Indicated below.
	Aflocatlon ofcosts
	Afl expenditure hss been Usted under headings that aggregate afl ths costs related to that aotlvlty.
	Where costs cannot be directly aflrlbuted, they have been aflocated to activities on a basis consistent with the uss ofthe resources.
	Trading activities
	This Indudes afl expenditure attributable to generating Income for the Charity.
	Charitable activities
	Costs ofcharitable activities are directly related to the pursuance ofthe charitable objects ofthe Charfly,
1.10	Support and governance costs
	Support costs are those not directly allocated to a charitable proJect inltlsfly snd consist of gems such as head offlce costs
	and administration coals. Since most costs relate to the one chsrflsble activity heading within the Statement ofFinsndal
	ActMtles they sre afl sflocated here. Any support costs that could be allocated to other activities would be Insignificant.
	Governance costs represent Indlreot char fable expendflurs and Indude the costs ofgovernance arrangements which		rehde to the general
	running ofthe Charity as opposed to the direct management functkxrs Inherent in generaflng funds, service dsflvery	and project work.
	This Indudss such Items es the Independent audit, legal advice for trustees snd costs sssodated with constitutional	and statutory
	requirements. These are added to lhe relevant cost area where appropriate or are Inrxuded within other costs where	the amounts
	sre not deemed slgnmcant.
	Restricted funds
	Rsskkted funds relate to grants snd other incoming resources whkh must be expended on spedflo activities ofths	Charity, es laid down
	by the donors ofthe funds.
1.12	Unrestricted/Designated funds
	Unrestricted/Designated funds relate to the part ofthe Charity's general funds which have been put aside at the discretion ofthe
	Trustees (Directors) In furtherance ofths objects ofths Charity and Indudes Income whkh ls committed at ths start	of	the year
	to maintain existing services.
	Such funds may be held in order to finance both working capital and capital investment.
	Income from contracts Istreated as unrestricted funds.
1,13	Tangible fixed assets
	The cost of tangible flxsd assets acquired ls capflaflsed and depreciation ls provided to write dovm their cost, less any expected
	residual value, over their anttdpated useful Uves at the foflowlng rates:
	Computer equipment 33.3% per annum
	Offlce equipment between 20 and 100%per annum
	Fixtures, fflflngs and other equipment 10%per annum
1.14	Investments
	Investments are Included in the balance sheet at their market value at ths balance sheet date, with increases/(decreases)
	In value from original cost being recorded es unreaflsed gains In the Statement of Financial ActMUss. On realkraflon	of
	Investmsnts, the reaflsed gain or loss represents the difference behveen proceeds received and the market value brought
	forward.
1.16	Taxatlon
	As a registered Charity, the company ls exempt from taxaUon cn Its Income and gains arising out of Its charflable activities.
1.18	Pension
	Defined contribution pension costs charged to the Statement of Flnsntflsl Acflvitles represent contrlbutkms payable In the year.
	Defined benefit pension scheme costs, as cahutated periodlcefly by professlonsfly quaflfled actuaries, ere charged to the
	Statement of Flnandal ActlvlUes so as to spread the cost over ths service Uves ofths employees in the scheme.
	The Charity participates In a funded multi-employer defined beneffl scheme, the Merseystde Pension Fund (MPF).
	Scheme assets are measured at fair values. Scheme Uabflflles sre measured on sn actuarial basis using the projected
	unit method. The net surplus or deMI ls presented separately from other net assets on the balance sheet. A defined	benefit
	pension scheme surplus ls only recognised when recoverable through s reduction In pension scheme defldt payments		In Ihs
	future. The current service cost snd costs from settlemsnts and curlaflments are recognised In the Statement of Flnandal
	Acflvtttes. Past service costs are spread over the period untfl the benefit Increases.
	Actuarkrt gains and losses are reported In the Statement of Flnandsl Activities In other recognised gains/losses.
1.17	Leases
	Rental costs under operating leases are charged to the Statement of Finsnckrt Actlvfllss In equal amounts over the periods of
	the leases. Page 2S

2	INCOME AND ENDOWMENTS					2021	2021	2021	2020
2,1	DONATIONS AND LEGACIES					Unrestricted	Restricted	Total	Total
	DONATIONS								E
	Dowager Peel Trust								6,000
	LCVS					2,830		2,930	2,400
	Meson Blbby Trust					2,200		2,200	2,200
	Vauxhas Motors					500		600
	Senior Citizens					1,934		1,834
	McClures					8,334		8,334	23,052
	Amass Chadwick Trust					1,460		1,450
	Blankstone Slngton								300
	Other					3,521		3,621	9,084
	Total Donations					20,889		20889	44 116
	LEGACIES AND BEQUESTS
	Estate of Edward FSson Estate ofPameta tune Hodgson					6,107 e,'883		8,107 5,893	36,000
	Estate of Eric William Pcmfret								1,000
	Estate of I Devise								1,000
	Total Legacies					12000	-	12,000	37 000
	TOTAL DONATIONS AND LEGACIES					02 8		8
2.2	TRADINO ACTIVITIES
	Greet Weather Lottery					ssr		397	401
	Age Concern Liverpool (Services) contract					12s,ree		128,766	248,832
	Activities for Subsidiary Undertaking
	Insurance and other commissions		recelvsbts			1,176		1,175	2,926
	Bank Interest					13		13	43
	Other Income					7,334		7,334	23,162
	TOTAL TRADINO ACTIVlllES					1 1 14	~	0 0 24	2
2.3	INVESTMENT INCOME
	Bank Interest					I,ras	1,818	3,3ST	7,070
	Listed Investment Income					T,873		7,873	20,376
	TOTAL INVESTMENT INCOME					.4	1, 10	11,040	20 40
2.4	CHARITABLE ACTIVRTIES
2.4.1	OrantslContracts -Clinical Commissioning			Groups
	Seson Befriending Service						118,247	119,247	117,450
	transferred (to)lfrom deferred	Income crsdRors
	Total Grants'IContracts -Cgnlcsl		Commlssslonlng		Groups		118,247	118,247	117,450

2021	2021	2021	2021	2020
Unrestricted	Restricted		Total	Total
		5.		E
				2,176
	88,899		88,899	0
	133,098		133,098	100,223
	18,501		18,601	28,188
	10,000		10,000	0
	~228	298	22~8298	130585
1,261,286 7 008			102810286 1 190948 7007414
1,289~254			1,268,254	1,937,072
500			500	81,909
82			82	6,958
7,055			7,066	381,498
				672
11,461			11,451	0
2,476			2,476	107,756
13,692			13,892	12,197
35~236			35i235	57~0888
13044 0	47	4	4000034

3.	EXPENDITURE		Unrestricted	Restricted	2021	2020
			Funds	Funds	Total	Total
			)'	);	K
3.1	TRADING ACTIVITIES
	-Age Concern Liverpool (Services)	Trading	27,6d4		27,d64	49,272
	-Age Concern Uverpool (Services)	contract costs	11 002		1 2
	TOTAL TRADING ACTIVITIES					2	104
3.2	OTHER
	-Investment Management Costs		2,099	186	2,284	4,924
	-Governance costs		26,466	8,486	33,920	47,534
	-Support and Bulkllng Costs unallocated
	TOTAL OTHER CO8TS		7 00	8,680	$8,214	103,458
3.3	CHARITABLE ACllVITIES
3,3,1	Independent Living Services
	- Ssflon Befriending &Restsemsnt	ServNe		11$,860	113,860	118,880
	- Shopping						359
	- l&A Redudng Isolation			28,106	28,106		0
	- Homecars		1,077		1,077	431,097
	- Big Louery - Reconnect			134,622	134,622	97,418
	- Home ONce -Safe and Connected			(209)	(209)		44
	- Person Centred Plans						435
			1017	210000	27714	04	4
3,3,2	Residential Homes - The Hamlets - Edinburgh Park		1,109,409 ~244001	0	101080409 ~07	1 126	839
			1 000 000	0	1	14
3,3.3	Active Llvlng Outreach Programme - Mscmdlan				9326		551
3,3.4	Information 6 Advice Services
	Funding provided by - other sources
3,3.6	Dsy Services - Poppy Centre					128,778
3.3.8	- Dementia Daycare Sefton		77 9,877 8		7 0, rr ~sd		r
	TOTAL CHARITABLE ACTIVITIES		8676	7876r	72722s'~r
	TOTAL EXPENDITURE

Subsidiary
The trading	results	ofthe subsidiary	were	2021		2020
as follows:					Unrestricted		Unrestricted
				E		E	E
Turnover					137,284		274,809
Admlnlstradon	expenses				(137,277)		(274,952)
Operating profit							lar
Interest receivable					13		43
				Group		Charity
				2021	2020	2021	2020
Associate undertakings				E	E	E	E
At 1 Aprd 2020				(28,118)	(26,295)	28	25
AddlUons at	cost
Write off				31,280
Share ofAssodate's		profm(loss)			177
At 31 March	2021						25

STAFF COSTS	Group		Charity
	2021	2020f	2021 6	2020 2
Salaries and wages	782,583	1,741,850	766,633	1,657,580
Social security costs Pension costs	61,162 13,005	100,297 26,716	48,421 12,508	94,512 25,177

		Group		Charity
NET INCOMING RESOURCES		2021	2020	2021	2020
Net Incoming resources	Is stated after charging:			K	E
Payments to audits/s
-audit fees		164000	13,000	12,600	8,772
.other services		4,200	2,000	4,200	2,000
Depreciation		19,882	38,383	19,882	38,383
Operating leases paymente
.land and bugdktgs		1?8,492	338,133	178,492	338,133
other		143 4	2434	14

OPERATING LEASE COMMITMENTS	OPERATING LEASE COMMITMENTS	OPERATING LEASE COMMITMENTS	2021	2020
Operating lease commitments		existed at the year ended 31 March 2021 as follows;
~Land and buildings
Lessthsn 1 year			176,704	176,492
Between 2 snd 6years			196,388	371,092
Greeter than 6years
.other commitments
Less then 1 year			9,640	14,325
-other on agreements	explrlng	between 2 and 6years	10,437	20,076
Greeter than 6years
Total Operating lease	commitments

The full FRS 102dlsdosu	re	o	o	fthe Mersey	fthe Mersey	fthe Mersey	elde Pension	F	und l	s show	n below.
Membership Numbers	at	31		March:									2021	2020
Actives													1	3
Deferreds													1D	10
Pensloners													37	36
Spouses / dependents													1	1
Ths actuarial assumptions			underlying				the assets and		Usbglues		as at 31	March were.	2021	2020
Financial Assumptions													o/o
- Rate ofCPI Inflation													2,7	2.1
- Rate ofsalary Increases													4,2	3.6
- Rate ofpension Increases													2.8	2.2
. Discount rate													2.1	2.4
The mortagty assumptions				adopted st			31 March 2021		Imply the		following	Ufe expectancies at age 86t'	2021	2020
													Years	Years
Current Penskxters;
Male													21.0
Femaho													24,1	24.0
Future Pensloners;
Male													22.6	22.6
Female													28.D	25.9
													2021	2020
The amounts recognised		In		the		balance sheet are		as	follows;
													f000s
Defined Obggatlons													(4,491)	(4,137)
Fair value ofPlan Assets													4,268	4,309
Surplus /(Deficit)
													2021	2020
													f000s	f000s
Actual Return on Plan	Assets												(124)	(126)
Experience gains/(losses)			on		Usblgtles								189	159
Gains/(losses) on assumptions Remeasurements (assets)						on Usbgitles							360 ~ooo	360 ~oo
Actuarial gains/(losses)													205	205
Comparison ofpercentages				(calculated using the				figures provided)					2021	2020
Investment return on Plan		Assets											(2.9%o)	(2.9%)
Experience gains/(losses)		arising				on the scheme ofperiod-snd				liabilities			48/o	4.6%
Gains/(losses) on assumptions					arising on the scheme			of	period-end		Uabllltles		IL7%	8.7%
Rsmeasurements arising	on		the scheme				of period-snd	assets					(8.0o/o)	(6.0%)
The amounts recognised		In		the		statement of financial			activities		are as follows:		2021	2020
													f000s	f000e
Opening surplus/(deficit)													172	16
Current service cost													(10)	(33)
Past servke cost													0	(17)
Interest on pension obligsUons													(98)	(113)
Expeoted return on plan assets													102	112
EmptoyeVs contribution													1
Administration expenses
Actuarial gain/(loss)													(392)	205
Surplus/(Deficit) In the	scheme													oo

PENSION FUND PROVISION	PENSION FUND PROVISION	PENSION FUND PROVISION	continued. .........	continued. .........
Change In Benefit Obflgatlon			during period:						2021	2020
									faaae	E0008
Benefit obflgatlon at beginning			ofperiod						(4,137)	(4,767)
Current service cost									(10)	(33)
Interest on pension flablllgss									(98)	(113)
Member contrlbuflons									(2)	(7)
P88t 88n/Ic8 cost									0	(17)
Experience gain									89	189
Gain/(loss) on assumptions									(492)	360
Beneflts/transfers paid									169 ~40 1	251 ~44 1
Change In Plan Assets		during	period:						2021	2020
									6000s	6000s
Fair value of plan assets		at beginning		of period					4,30a	4,785
Interest on plan assets									102	112
Actuarial gains/(losses)		on assets							11	(344)
Employer contributions									1
Admlnhrlratlon expenses										0
Member contrlbuflons Benefflsttransfers paid									2 '~000	7 ~261
									4 200	4 000
Indud ed within resources		expended are							2021	2020
									f0008	f0008
Current service cost									(10)	(33)
Interest on pension flabllltles									(aa)	(113)
Expected return on plan		8888te							102	112
Admln Expenses										0
Split ofassets between		Investment		categories			2021	2021	2020	2020
								Faaas		E000s
Equflles									0.00	0
Government bonds							34.00	1,460	0.00	0
Other bands							36.80	1,619	62.20	2,249
Properly							10.20	436	9.70	418
Cash(Liquidity									0.00	0
Other							2D.		36.10	2 04
								'
Total							100.0D	4, 88
Budgeting Information	for the year			commencing		1 April 2021:
The budgeted Current Service			cost for the year commendng 1 Aprfl 2021 ls approximately				37.3%ofpensionable		salaries.
The Pensionable Salaries which the				Merseyslde	Pension Fund have used for the year ended 31			March 2021 was f30,000
and Ifthis figure were to		continue to		apply for the		year commencing I Aprfl 2021 the service cost		would then be
approximately E11,190.									2021	2020
Based on the above details, the projected Service						Cost Items are as follows:			Faaas	E0008
Impfled Service Costa									11	30
Net Interest costs									6	(4)
Administration Expenses
										26
The projected employer		contributions		which arise		from the above flgures are:
Normal contributions
Total									18	28