##
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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|
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||||||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, ยป|
|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|||
##
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##
##
||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||
##
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##
##
|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|
##
|18|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|
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