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2023-03-31-accounts

Gateshead ageuK Annual Report 22-23 ..V&b 'yiipii

Our Team

A special thank you to our trustees:

Scott Duffy Rob Page Gary McMillian Sue Jennings Rebecca Haines Kath McCartney Margaret Barrett Liz Twist (Chair from 2023)

01

A message from our chair

I am absolutely delighted to have the honour of presenting my first Annual Report as the Chair of Age UK Gateshead.

The past year has unfolded as an incredibly significant chapter in our organisation's history, marked by a series of remarkable developments. A substantial portion of these developments has undeniably been positive, as we've made substantial progress towards achieving the goals outlined in our strategic plan.

Our vision is elegantly simple: to create enduring positive change in the lives of our senior citizens, whether through our direct services or our strategic pursuit of long-term financial sustainability. This approach affords us the flexibility to expand and enhance the services and activities our community so deeply desires and requires.

I would like to take a moment to express our deep gratitude to our generous funders, steadfast partners, and the numerous charitable trusts that have recognised the importance of delivering high-value services efficiently. They understand that placing people at the very heart of service provision is not merely a philosophy but the very essence of how we, as a community, a charitable organisation, and as individuals, bring about meaningful change. This embodies our way of doing things here at Age UK Gateshead.

Our unwavering commitment to delivering lasting change remains as strong as ever. Our mission extends throughout every corner of Gateshead, and our unwavering focus remains on our primary objective – to ensure that every individual in our community embraces and cherishes their later years, regardless of the challenges they may face. Last but certainly not least, I want to extend my deepest appreciation to what we affectionately call our 'Angels of the North' – our dedicated staff, tireless volunteers, and committed trustees. Their unwavering dedication and selfless efforts are truly unparalleled, and without them, Age UK Gateshead would not be the remarkable charitable institution it is today. To all our dear friends and supporters, your ongoing support is just as crucial now as it was in the past year. Thank you from the bottom of our hearts for being an integral part of our journey.

02

Current Services

03

The Big Picture

A tremendous

£48,581 of income from our retail shop

Volunteers and staff supported

14,374 individual older people in Gateshead last year

----- Start of picture text -----
6 [buses]
Traveling
43,000
miles
----- End of picture text -----

Who are aged from

16 120 to fabulous 97 volunteers

£43,680

Our volunteers saved us

valuable hours saved us provided this year by our £320,000 volunteers this year

providing 1,316 47 hours of support each week amazing staff

5 buildings : House on the Hill Jackson Street Shop Blaydon Shop St Marys Leam Lane Bowling Club

22[different locations] hosting groups

04

Health & Wellbeing

9

Day Centres & Lunch Clubs

510 205

individuals supported through digital devices loaned out. inclusion

22,400 Befriending calls/ visits made.

6 Exercise classes per week.

40,236 Attendances at our leisure and learning classes helping to prevent malnutrition, falls and enabling independence

11

29 Friendship or common interest Day trips out groups.

1 5 Dementia Dementia Day Centres Cafe

05

Health & Wellbeing

496 individuals 3 supported from bereavement our bereavement support groups team

Dementia Links team supporting 3,694 people with their diagnosis of Dementia

Our Hospital to Home team received 21,300 22,400 Welfare calls given to Home visits made to 1,822 patients discharged those in need direct referrals from from QE Hospital health professionals

Maintenance Cognitive Stimulation Therapy group provided 100 sessions enabling people to retain skills and memory

Newcastle Reconnects providing a

5

day week service for those needing rehabilitation in Newcastle

06

Contact, Advice and Benefits

68,208

1,227 incoming calls people signposted to answered 146 agencies

? 6,254 questions answered which took:

9,150 phone calls

1,457 advocacy hours

£2,100,000 extra last year put into our clients pockets

3 Advice Service Quality Marks

914 letters

354 people used our paid for services.

07

Financial Report

Financial Statement

The accounts show a surplus for the year amounting £223,694.

Income £1,319,961
Charitable Activities £1,101,313
Donations & Legacies £113,567
Trading Activities £48,581
Investments £531
Other £41,000

Expenditure £1,081,798 Charitable Activities £1,016,211 Raising Funds £65,587

08

Thank you to our funders!

We’re most grateful to the following organisations and individuals for their kind support during the year 2022-23:

Age UK Armed Forces Covent Trust Ballinger BESN Bus Fund Big Lottery Clinical Commissioning Group Community Foundation Community Renewal Fund Dickon Trust & Akzo Noble Durham Freemasons Gateshead Council Kellet

Lankelly Chase Foundation NEA

Newcastle City Council Pargiter Trust Fund Police & Crime Commissioner Riddell Family Trust Sky Cares

Finally, thank you to everyone who made personal donations, of which there were too many to name - these donations do make a big difference to our ability to provide our much needed services for older people.

0191 477 3559

www.ageukgateshead.com

The Bank, 215 High Street, NE8 1BX

advice@ageukgateshead.org,uk

09

Charity reg: 702561

CHARITY REGISTRATION NUMBER: 702561 COMPANY REGISTRATION NUMBER: 01863488

AGE UK GATESHEAD LIMITED Company Limited by Guarantee Financial Statements

31 March 2023

STEPHENSON COATES AUDIT LIMITED

Chartered Accountants & Statutory Auditor West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

Age UK Gateshead Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2023

Page
Trustees' annual report (incorporating the message from our Chair) 1
Independent auditor's report to the members 8
Statement of financial activities (including income and expenditure account) 11
Balance sheet 12
Statement of cash flows 13
Notes to the financial statements 14

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report)

Year ended 31 March 2023

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2023.

Reference and administrative details

Registered charity name Age UK Gateshead Limited Charity registration number 702561 Company registration number 01863488 Principal office and registered House On The Hill office Gateshead Tyne & Wear NE10 9LR Chief Executive Ian Wolstenholme The trustees Margaret Barrett Scott Duffy Rebecca Haines Sue Jennings Kathleen McCartney Gary McMillan Robert Page Mary Elizabeth Twist (appointed 25 July 2023) Auditor Stephenson Coates Audit Limited Chartered Accountants & Statutory Auditor West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

- 1 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

Message from our Chair

I am absolutely delighted to have the honour of presenting my first Annual Report as the Chair of Age UK Gateshead.

The past year has unfolded as an incredibly significant chapter in our organisation's history, marked by a series of remarkable developments. A substantial portion of these developments has undeniably been positive, as we've made substantial progress towards achieving the goals outlined in our strategic plan.

Our vision is elegantly simple: to create enduring positive change in the lives of our senior citizens, whether through our direct services or our strategic pursuit of long-term financial sustainability. This approach affords us the flexibility to expand and enhance the services and activities our community so deeply desires and requires.

I would like to take a moment to express our deep gratitude to our generous funders, steadfast partners, and the numerous charitable trusts that have recognised the importance of delivering high-value services efficiently. They understand that placing people at the very heart of service provision is not merely a philosophy but the very essence of how we, as a community, a charitable organisation, and as individuals, bring about meaningful change. This embodies our way of doing things here at Age UK Gateshead.

Our unwavering commitment to delivering lasting change remains as strong as ever. Our mission extends throughout every corner of Gateshead, and our unwavering focus remains on our primary objective – to ensure that every individual in our community embraces and cherishes their later years, regardless of the challenges they may face.

Last but certainly not least, I want to extend my deepest appreciation to what we affectionately call our 'Angels of the North' – our dedicated staff, tireless volunteers, and committed trustees. Their unwavering dedication and selfless efforts are truly unparalleled, and without them, Age UK Gateshead would not be the remarkable charitable institution it is today. To all our dear friends and supporters, your ongoing support is just as crucial now as it was in the past year. Thank you from the bottom of our hearts for being an integral part of our journey.

Best wishes

Liz Twist Chair

- 2 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

Trustees Annual Report

The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2023 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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). The organisation is a Public Benefit Entity within the definitions of s34 FRS 102.

Objectives and activities for the public benefit

The aims of our services, for older people continue to be ageing well, reducing social isolation, maximising income, advocacy, enabling and promoting physical health and wellbeing.

The trustees are satisfied that in accordance with the Charity Commission guidelines, Age UK Gateshead meet the public benefit requirements. The trustees have regard to this guidance when exercising any powers or duties to which the guidance is relevant.

A review of our achievements and performance

1. Sustaining and Growing

The aim is to diversify our income streams, to include charitable trust grants, statutory sector contracts, services we make a charge for, growing our retail offer, developing community fundraising.

Achievements and performance

A review of our achievements and performance - Innovating and improving:

2. Innovating and improving

- 3 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

A review of our achievements and performance (continued)

3. Delivering a range of high quality person centred services and social enterprises

The aims of our services for older people continue to be reducing social isolation, maximising income, enabling independent living and promoting physical health and emotional wellbeing.

Achievements and performance

4. Involving, influencing and promoting social inclusion:

Achievements and performance.

- 4 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

Plans for the future

The charity’s Strategic Plan sets out our strategic aims:

1. Sustaining and Growing

2. Innovating and Improving

3. Delivering - delivering a range of high quality person centre services:

4. Involving - Involving, influencing and promoting social inclusion

Financial review

The accounts show a surplus for the year amounting to £223,694 (2022: £176,194). Unrestricted reserves at 31 March 2023 were £889,962 (2022: £666,268) and restricted reserves were £Nil (2022: £Nil). The unrestricted reserves will enable the charity to maintain services in the expected difficult times ahead. The charity now has achieved a level of funding to assist in continuing activities, which the trustees consider benefit the community when funding, ceases. As growth takes place, the costs are not often covered in full so again the reserve will help in these areas.

- 5 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

Risk Management

Risks to the charity have been identified and reviewed on an ongoing basis, and appropriate action taken. This has included ensuring appropriate insurance cover, identifying physical risks such as uneven surfaces, reviewing fire safety systems and training staff, ensuring staff have first aid training, and undertaking a general health and safety risk assessment throughout our premises.

Reserves policy and Going Concern

The trustees aim to maintain free reserves in unrestricted funds at a level which is no lower than three months of total charitable expenditure. It is estimated that this expenditure currently equates to £300,000 (2022: £300,000). At this level of unrestricted reserves, the charity could maintain all operations for more than three months even if no income was being generated. Current free reserves, after adjusting for fixed assets and designated funds, amount to £432,876 (2022: £434,363).

At 31 March 2023, £275,000 of unrestricted funds have been designated to purchase a new property for the charity. Subsequent to the year end, the trustees agreed the purchase of 215 High Street, Gateshead; investing directly in an area of most need, illustrating belief in our area and our communities. See further details in Note 24 of the accounts. Included in designated funds is also £30,000 for continuing investment in the charities transport infrastructure.

The charity enjoys good liquidity and has no issues meeting its liabilities when they fall due. The trustees are confident that the charity will continue to operate for at least the next twelve months.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 14 November 1984. It registered with the Charity Commission on 23 February 1990. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for three years.

All members of the Management Committee give their time voluntarily and receive no benefits from the Charity.

All new trustees receive a trustee welcome pack, which contains key policies, strategic plans, code of conduct etc. They also receive induction time with the Chief Executive and opportunities to visit services and activities as well as access to any relevant training.

The Management Committee at 31st March 2023 was made up of 7 trustees. The Management Committee meet on a quarterly basis and are responsible for the strategic direction and policy of the charity.

A line management system is in place with day to day responsibility for the management of the organisation resting with the Chief Executive. The Chief Executive is responsible for ensuring that the charity delivers the services specified and that key performance indicators are met. Day to day operational management is headed by individual team members using the reporting structures and line management to finally report to the Chief Executive and trustees.

- 6 -

Age UK Gateshead Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Directors’ Report) (continued)

Year ended 31 March 2023

Structure, governance and management (continued)

In accordance with transparency and accountability principles, Age UK Gateshead places significant emphasis on establishing fair and reasonable remuneration for key management and personnel within the organisation. The process of determining pay is systematic, with benchmarks and parameters carefully considered to ensure alignment with industry standards, the charity's financial health, and the responsibilities associated with each role. The Board of Trustees, in collaboration with key personnel, is actively involved in setting and reviewing pay structures, taking into account factors such as the organisation's performance, market conditions, and the skills and experience of the individuals involved. This diligent approach is aimed at ensuring that remuneration packages are competitive, justified, and reflective of the charity's commitment to attracting and retaining qualified professionals while being responsible stewards of the charitable funds entrusted to Age UK Gateshead.

Trustees' responsibilities statement

The trustees, who are also directors for the purposes of company law, are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

The trustees' annual report was approved on 28[th] November 2023 and signed on behalf of the board of trustees by:

L Twist Chair

- 7 -

Age UK Gateshead Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of Age UK Gateshead Limited

Year ended 31 March 2023

Opinion

We have audited the financial statements of Age UK Gateshead Limited (the 'charity') for the year ended 31 March 2023 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 auditor's 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 FRC’s 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 company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees’ with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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.

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.

- 8 -

Age UK Gateshead Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of Age UK Gateshead Limited (continued)

Year ended 31 March 2023

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors 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 the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's 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.

Auditor's 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 auditor’s 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, is detailed below.

- 9 -

Age UK Gateshead Limited

Company Limited by Guarantee

Independent Auditor's Report to the Members of Age UK Gateshead Limited (continued)

Year ended 31 March 2023

Auditor's responsibilities for the audit of the financial statements ( continued )

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We obtained an understanding of the legal and regulatory framework applicable to both the company itself and the sector in which it operates. We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience and through discussion with the Key Management Personnel. The most significant identified that directly affect the financial statements include Safeguarding, financial reporting legislation (including related companies’ legislation), the Charities Act 2011 and UK taxation legislation. The company is subject to other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: Health and Safety, Employment Law and Data Protection regulations, recognising the nature of the company’s activities.

We considered the extent of compliance with those laws and regulations as part of our procedures on the related financial statements. Our audit procedures included:

Our audit did not identify any key audit matters relating to the detection of irregularities including fraud. However, despite the audit being planned and conducted in accordance with ISAs (UK) there remains an unavoidable risk that material misstatements in the financial statements may not be detected owing to inherent limitations of the audit and that by their very nature, any such instances of fraud or irregularity likely involve collusion, forgery, intentional misrepresentations, or the override of internal controls.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity'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.

John Oswald BA FCA Senior Statutory Auditor

Stephenson Coates Audit Limited

Chartered accountants

West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD

28[th] November 2023

- 10 -

Age UK Gateshead Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

31 March 2023

2023 2022
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 113,567 - 113,567 57,606
Charitable activities 9 550,781 551,032 1,101,813 966,213
Other trading activities 6 48,581 - 48,581 55,613
Investment income 7 531 - 531 444
Other income 8 41,000 - 41,000 592
--------------------------------- ------------------------------------------ ------------------------------------------ ------------------------------------------
Total income 754,460 551,032 1,305,492 1,080,468
================================= ========================================== ========================================== ==========================================
Expenditure
Expenditure on raising funds:
Costs of raising donations 10 65,587 - 65,587 56,358
Expenditure on charitable activities 11,12 465,179 511,032 1,016,211 847,916
--------------------------------- ------------------------------------------ ------------------------------------------ ------------------------------------------
Total expenditure 530,766 511,032 1,081,798 904,274
================================= ========================================== ========================================== ==========================================
--------------------------------- ------------------------------------------ ------------------------------------------ ------------------------------------------
Net income and net movement
in funds in the year 223,694 - 223,694 176,194
================================= ========================================== ========================================== ==========================================
Reconciliation of funds
Total funds brought forward 666,268 - 666,268 490,074
--------------------------------- ------------------------------------------ ------------------------------------------ ------------------------------------------
Total funds carried forward 889,962 - 889,962 666,268
================================= ========================================== ========================================== ==========================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on page 14 - 23 form part of these financial statements.

- 11 -

Age UK Gateshead Limited

Company Limited by Guarantee

Balance Sheet

31 March 2023

2023 2022
£ £ £
Fixed assets
Tangible fixed assets 16 152,086 71,183
Current assets
Debtors 17 126,929 125,360
Cash at bank and in hand 1,141,523 875,775
--------------------------------- ---------------------------------
1,268,452 1,001,135
Creditors: amounts falling due within one year 18 (530,576) (406,050)
--------------------------------- ---------------------------------
Net current assets 737,876 595,085
--------------------------------- ---------------------------------
Total assets less current liabilities 889,962 666,268
--------------------------------- ---------------------------------
Net assets 889,962 666,268
================================= =================================
Funds of the charity
Unrestricted funds 889,962 666,268
Restricted funds - -
--------------------------------- -----------------------------
Total charity funds 20, 21 889,962 666,268
================================= =================================

These financial statements were approved by the Board of Trustees and authorised for issue on 28[th] November 2023, and are signed on behalf of the board by:

L Twist R Page Chair Trustee

Company registration number 01863488

The notes on page 14 - 23 form part of these financial statements.

- 12 -

Age UK Gateshead Limited

Company Limited by Guarantee

Statement of Cash Flows

Year ended 31 March 2023

2023 2022
£ £
Cash flows from operating activities
Net income 223,694 176,194
Adjustments for:
Depreciation charges 34,929 16,616
Loss on asset disposal 1,741 -
Interest received (531) -
Accrued expenses 8,441 -
Changes in:
Trade and other debtors (1,570) (58,447)
Trade and other creditors 124,526 54,989
--------------------------------- ---------------------------------
Cash generated from operations 391,230 189,352
--------------------------------- ---------------------------------
Net cash from operating activities 391,230 189,352
================================= =================================
Cash flows from investing activities
Payments for the acquisition of tangible fixed assets (140,418) (18,125)
Proceeds from the sale of fixed assets 14,405 -
Interest received 531 -
--------------------------------- ---------------------------------
Net cash used in investing activities (125,482) (18,125)
================================= =================================
Net increase in cash and cash equivalents 265,748 171,227
Cash and cash equivalents at beginning of year 875,775 704,548
--------------------------------- ---------------------------------
Cash and cash equivalents at end of year 1,141,523 875,775
================================= =================================

The notes on page 14 – 23 form part of these financial statements.

- 13 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is House on the Hill, Gateshead, Tyne & Wear, NE10 9LR.

2. Statement of compliance

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), (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

3. Accounting policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

Basis of preparation

Age UK Gateshead Limited meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The Trustees consider the Charity to be well placed to manage its financing and other operational risks satisfactorily. The Trustees also have a reasonable expectation that the Charity will have adequate resources to continue in operation for the foreseeable future and meet its liabilities as they fall due. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

Fund accounting

Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Where income has related expenditure (as with fundraising or contract income), the income and related expenditure are reported gross in the Statement of Financial Activities.

Donations, grants and gifts are recognised when receivable. In the event that a donation is subject to fulfilling performance conditions before the charity is entitled to the funds, the income is deferred and not recognised until it is probable that those conditions will be fulfilled in the reporting period. Income from Gift Aid tax reclaims is recognised for any donations with relevant Gift Aid certificates recognised in income for the year. Any amounts of Gift Aid not received by the year-end are accounted for in income and accrued income in debtors.

Income from NHS contracts, government and other grants, whether ‘capital’ grants or ‘revenue’ grants, are 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.

- 14 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

3. Accounting policies ( continued )

Income ( continued )

For legacies, entitlement is taken on a case by case basis as the earlier of the date on which: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate.

Clothing and other items donated for resale through the charity’s shop are included as incoming resources within activities for generating funds when they are sold.

Income received in advance for a future fundraising event or for a grant received relating to the following year are deferred until the criteria for income recognition are met.

Interest on deposit funds held is included when receivable and the amount can be measured reliably by the charity which is normally upon notification of the interest paid or payable by the bank.

Sponsorship from events, fundraising and events registration fees are recognised in income when the event takes place. Lottery income is accounted for in respect of those draws that have taken place in the year. Trading income is recognised on point of sale for both donated and purchased goods.

Donated goods and services

Donated services or facilities are recognised when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the item is probable and that economic benefit can be measured reliably.

Expenditure

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. All expenditure is accounted for on an accruals basis under the following headings.

Costs of raising funds comprises fundraising costs incurred in seeking donations, grants and legacies; costs of fundraising activities including the costs of goods sold, shop costs, commercial trading and their associated support costs.

Expenditure on charitable activities includes the costs of providing specialist palliative care and support, community services, research and other activities undertaken to further the purposes of the charity and their associated support costs.

Support costs comprise those costs which are incurred directly in support of expenditure on the objects of the charity and include governance cost, finance, and office costs. Governance costs are those costs incurred in connection with the compliance with constitutional and statutory requirements of the charity.

Support costs are allocated to each of the activities on one of the following bases: either floor space or staff time or staff headcount depending on the nature of the support costs, to best allocate the costs to each attributable heading. More detail on the analysis and basis of allocation is given in note 12 to the financial statements.

Taxation

The charity is exempt from corporation tax on its charitable activities.

- 15 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

3. Accounting policies ( continued )

Tangible assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Motor vehicles 25% Reducing balance Office equipment 15% Reducing balance Shop fittings Over the period of the lease

Current assets

Amounts owing to the charity at 31 March in respect of grants and service level agreement income are shown as debtors less provisions for amounts that may prove uncollectible. Short term deposits represent cash held on deposit at the bank. Cash at bank and in hand represents bank balances at close of business on 31 March.

Creditors

Creditors 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 are normally recognised at their settlement amount after allowing for any trade discounts due.

Voluntary assistance

Time is expended on the charity’s activities and governance which is donated free of charge. It is impractical to quantify the value of the time given, and accordingly it is neither recorded as donated income nor as an expense in the financial statements.

Critical accounting estimates and judgements

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

There are no critical judgements, significant assumptions concerning the future and key sources of estimation of 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 financial year.

4. Limited by guarantee

Age UK Gateshead Limited is a company limited by guarantee and accordingly does not have a share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

- 16 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

5. Donations and legacies

nations and legacies
Donations - General
Donations - Covid-19
Legacies
Gift Aid
Will writing and Powers of Attorney
Sponsorship
Other
her trading activities
Retail sales
Personal assistant services
Shopping services
Other		 Unrestricted
Restricted
2023
2022
£
£
£
£
10,938
-
10,938
12,522
-
-
-
5,010
66,343
-
66,343
-
66
-
66
212
23,932
-
23,932
27,175
45
-
45
1,177
12,243
-
12,243
11,510
113,567
-
113,567
57,606
Unrestricted
Restricted
2023
2022
£
£
£
£
39,991
-
39,991
38,303
4,678
-
4,678
81
580
-
580
15,126
3,332
-
3,332
2,103
48,581
-
48,581
55,613

6. Other trading activities

7. Investment Income

stment Income
Bank interest
er income
Insurance claim
Sundry		 Unrestricted
Restricted
2023
2022
£
£
£
£
531
-
531
444
531
-
531
444
Unrestricted
Restricted
2023
2022
£
£
£
£
41,000
-
41,000
-
-
-
-
592
41,000
-
41,000
592

8. Other income

- 17 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

9. Charitable activities income

Grants
Age UK
Age UK Building Better Lives
Age UK Joint Finance
Age UK First Utilities
Age UK – MCST
Age UK – TAMS
Age UK – TIF
Armed Forces Covent Trust
Awards For All
Ballinger
BESN
Bus Fund
Big Lottery
Community Foundation
Community Renewal Fund
Dickon Trust & Akzo Noble
Digital Inclusion Funding
Durham Freemasons
Garfield Western
Gateshead Housing Community Fund
Heritage Lottery
How Fit
Job Retention Scheme (JRS)
Kellet
Lankelly Chase Foundation
Living Well Beyond Cancer
National Lottery
NEA – Smart meters
Newcastle City Council
Pargiter Trust Fund
Police and Crime Commissioners
Other
Riddell Family Trust
Rise – Tackling Inequality Programme
Sky Cares
Sir James Knott Trust
Service level agreements
Clinical Commissioning Group
Gateshead MBC
Covid-19
Client contributions
Transport
Cover charges
Dementia service
ActivAge		 Unrestricted
Restricted
2023
2022
£
£
£
-
3,000
3,000
12,919
-
30,000
30,000
30,000
15,000
-
15,000
10,000
-
28,300
28,300
50,873
-
23,120
23,120
9,551
-
10,095
10,095
10,095
-
1,473
1,473
4,939
-
20,010
20,010
28,014
-
-
-
7,967
-
10,000
10,000
10,000
-
7,468
7,468
3,500
-
2,805
2,805
13,785
-
19,927
19,927
47,762
-
41,852
41,852
-
-
62,368
62,368
41,579
4,752
-
4,752
-
-
5,060
5,060
-
4,000
-
4,000
-
-
-
-
15,000
-
-
4,988
-
-
-
15,300
-
79,000
79,000
-
-
-
-
10,408
-
10,000
10,000
20,000
80,258
80,258
5,147
-
-
-
12,500
-
-
-
9,876
-
23,388
23,388
20,520
-
20,795
20,795
-
-
9,987
9,987
-
-
16,830
16,830
21,830
3,513
-
3,513
7,495
2,772
-
2,772
-
-
-
-
4,620
-
10,000
10,000
10,000
-
-
-
5,000
192,195
-
192,195
218,407
300,201
-
300,201
231,918
-
35,296
35,296
44,377
10,769
-
10,769
12,043
-
-
-
496
14,573
-
14,573
13,299
3,006
-
3,006
2,005
550,781
551,032
1,101,813
966,213

- 18 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

10. Raising Funds

Salaries
Retail operation costs
Other		 Unrestricted
Restricted
2023
2022
£
£
£
£
29,028
-
29,028
28,652
31,227
-
31,227
27,706
5,332
-
5,332
-
65,587
-
65,587
56,358

11. Charitable Activities Costs

Salaries
Redundancies
Pension
Establishment costs
Office costs
Activity costs
Venue rent
Transport and motor
Staff & volunteer expenses
Sundry
Depreciation
Professional & Legal fees
Loss on disposals
Governance - note 12
Support costs - note 12		 Social
Wellbeing
Information &
Advice
2023
2022
£
£
£
£
457,459
109,322
566,781
447,157
1,283
-
1,283
14,000
6,191
267
6,458
6,347
48,562
251
48,813
43,195
5,114
5,070
10,184
12,497
103,288
-
103,288
41,989
12,186
-
12,186
11,011
13,687
-
13,687
10,916
22,230
2,878
25,108
14,106
8,444
610
9,054
8,410
30,285
-
30,285
15,795
-
-
-
3,404
1,741
-
1,741
-
12,022
-
12,022
14,059
175,321
-
175,321
205,032
897,813
118,398
1,016,211
847,916

12. Support costs

The charity identifies the costs of its support functions. Costs are identified specifically for the governance function. Having identified its governance costs the remaining support costs together with the governance costs are apportioned between the Social Wellbeing and Information & Advice. The table below sets out the basis of apportionment and the analysis of support and governance costs.

- 19 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

12. Support costs ( continued )

Basis
Salaries
Time
Pension
Time
Establishment costs
Time
Office costs
Time
Staff and volunteer expenses
Time
Sundry
Time
Professional and legal
Support
Accountancy
Governance
Depreciation
Time		 Support
Governance
2023
2022
£
£
£
£
94,261
6,463
100,724
123,485
12,408
851
13,259
3,016
30,939
2,121
33,060
53,551
15,372
1,054
16,426
23,375
3,242
222
3,464
3,793
4,201
288
4,489
3,303
8,029
551
8,580
5,516
6,213
426
6,639
2,231
656
46
702
821
175,321
12,022
187,343
219,091

13. Net income

Net income is stated after charging:

Net income is stated after charging:
2023 2022
£ £
Auditor’s remuneration comprising:
Audit of the financial statements 3,770 3,500
Other accounting services 1,000 1,000
Depreciation – owed assets 34,929 16,616
Receipts under the Coronavirus Job Retention Scheme - 10,408

14. Trustee remuneration, benefits and expenses

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 ( 2022: Nil ). Trustees’ expenses paid for the year ended 31 March 2023 was £312 ( 2022: Nil ).

15. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

2023 2022
£ £
Gross Wages and Salaries 657,123 556,046
Employers National Insurance 35,442 30,074
Employers Pension 17,589 9,363
--------------------------------- ---------------------------------
710,154 595,483
================================= =================================

The average number of employees during the year was 48 (2022: 38) with all employee time involved in providing either direct charitable services, support to the governance of the charity or support services to charitable activities. No employee received employee benefits of more than £60,000 during the year (2022: Nil).

The Key Management Personnel of the charity comprises the Trustees, the Chief Executive Officer and three Senior Managers. The total employee benefits of the Key Management Personnel of the Charity was £129,832 (2022: £89,925 ).

- 20 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

16. Tangible fixed assets

gible fixed assets
Cost
At 1 April 2022
Additions
Disposals
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
Eliminated on disposals
At 31 March 2023
Net Book Value
At 31 March 2023
At 31 March 2022		 Fixtures &
Equipment
Shop-fitting
Motor
Vehicles
Total
£
£
£
£
87,246
18,246
110,013
215,505
15,900
-
131,518
147,418
-
-
(68,613)
(68,613)
103,146
18,246
172,918
294,310
73,704
16,432
54,186
144,322
1,701
1,814
31,414
34,929
-
-
(37,027)
(37,027)
75,405
18,246
48,573
142,224
27,741
-
124,345
152,086
13,542
1,814
55,827
71,183

All tangible fixed assets are held for the purposes of the charity.

17. Debtors

ors
Trade debtors
Other debtors
Prepayments and accrued income
Amounts due from related company (note 23)
itors: amounts falling due within one year
Trade creditors
Taxation and social security
Other creditors
Accruals and deferred income		 2023
2022
£
£
101,263
96,041
2,816
297
16,853
21,598
5,997
7,424
126,929
125,360
2023
2022
£
£
38,597
22,038
12,118
14,014
86,033
115,929
393,828
254,069
530,576
406,050

18. Creditors: amounts falling due within one year

Included within accruals and deferred income is an amount of £367,499 (2022: £228,540) related to deferred grants where funding has been received and not all conditions have been met. £213,286 has been released to the SOFA from the previous accounting period and grant income totalling £367,499 has been deferred at the end of the current accounting period.

- 21 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

19. Pensions and other post-retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £17,589 (2022: £9,363).

20. Analysis of charitable funds

At Income Expenditure Transfer At
1 April between 31 March
2022 funds 2023
Unrestricted £ £ £ £ £
General 505,546 754,460 (530,766) (144,278) 584,962
Designated
Transport 160,722 - - (130,722) 30,000
Property - - - 275,000 275,000
666,268 754,460 (530,766) - 889,962
Restricted
Social wellbeing - 486,832 (486,832) - -
Information &
Advice - 64,200 (64,200) - -
- 551,032 (551,032) - -
666,268 1,305,492 (1,081,798) - 889,962
Prior year comparatives:
At Income Expenditure Transfer At
1 April between 31 March
2021 funds 2022
Unrestricted £ £ £ £ £
General 419,352 617,346 (397,438) (133,714) 505,546
Designated 70,722 - (43,714) 133,714 160,722
490,074 617,346 (441,152) - 666,268
Restricted
Social wellbeing - 411,739 (411,739) - -
Information &
Advice - 51,383 (51,383) - -
- 463,122 (463,122) - -
490,074 1,080,468 (904,274) - 666,268

- 22 -

Age UK Gateshead Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2023

20. Analysis of charitable funds ( continued )

Designated funds are the amounts trustees have ring-fenced from the unrestricted funds of the charity for further investment in the charities operations and infrastructure.

At year end, the trustees had designated £275,000 from unrestricted reserves to acquire a new property for the charity. Subsequent to the year end, this was utilised; see Note 24 for further details.

During the year, £131,518 was spent on the charities transport fleet, which was designated expenditure from the prior period. £30,000 has been designated at year end to continue the investment in the charities transport fleet.

21. Analysis of net assets between funds

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2023 2022
£ £ £ £
Tangible fixed assets 152,086 – 152,086 71,183
Current assets 1,268,452 – 1,268,452 1,001,135
Current liabilities (530,576) – (530,576) (406,050)
-------------------------------- --------------------------------- -------------------------------- ---------------------------------
Net assets 889,962 – 889,962 666,268
================================= ================================= ================================= =================================

22. Lease commitments

Total future minimum lease payments under non-cancellable operating leases:

2023 2022
£ £
Due not later than one year 21,618 4,685
Due later than one year and not later than five years 22,983 1,708

23. Related parties

During the year, the company made transactions totalling £12,375 (2022: £7,424) with Living Well North Limited. Included within Debtors falling due within one year is a balance due from Living Well North Ltd at year end of £5,997 (2022: £7,424). Living Well North Ltd is a related party of trustees Robert Page, Rebecca Haines and Sue Jennings, who are Directors of the company.

The trustees are not aware of any other related parties or transactions to report (2022: None).

24. Post Balance Sheet Events

The charity purchased 215 High Street, Gateshead on the 15[th] May 2023 for £275,000. The purpose of this acquisition is to become Age UK Gateshead's future headquarters and is expected to yield several benefits and have a positive impact on the organisation:

- 23 -