OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-03-31-accounts

REGISTERED COMPANY NUMBER: 2121174

(England and Wales)

REGISTERED CHARITY NUMBER: 800912

Report of the Trustees and Financial Statements for the Year Ended 31 March 2022

for

Age UK Wiltshire

1 | P a g e

Age UK Wiltshire

Annual Review and Accounts 2021-22

Contents

Part 1

Legal and Administrative Information

Part 2

About our Charity

Our Services and Activities at Age UK Wiltshire

Our Future Plans

Part 3

Financial Review

Part 4

Governance and Financial Management

Report of the Independent Auditors

Financial Statements

2 | P a g e

Part 1 - Legal and Administrative Information

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of 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).

Company registered number: 2121174 (England and Wales)

Charity registered number: 800912

Registered Office:

The Wool Shed New Park Street Devizes SN10 1DY

Other locations:

St. Michael’s Community Centre 96 St Michael’s Road Salisbury SP2 9LE

Toothill Community Centre Dunwich Drive Toothill Swindon SN5 8DH

Company Secretary Sarah Cardy

Trustees and Directors Trustees and Directors
Pauline Oliver Chair Resigned 01/09/22
Kevin Fairman Resigned 13/05/22
Melissa Hillier
David King
Stewart Ruston
Emma Taylor Resigned 01/09/22
Keith Johnson Appointed 15/11/21
Richard Purchase Chair Appointed 26/05/22
Warren Finney Appointed 26/05/22

3 | P a g e

Auditors Monahans Statutory Auditors Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA

Solicitors

Wansbroughs Northgate Street Devizes Wiltshire SN10 1JX

Bankers

Lloyds Bank plc 38 Market Place Devizes Wiltshire SN10 1JD

Senior Management Personnel Sarah Cardy Chief Executive Officer Appointed 14/06/2021 John Truss Programmes Manager Pippa Webster Area Manager South retired 30/06/22 Kate Brooks Operations Manager-Deputy CEO Appointed 4/07/22 Matthew Morrison-Clarke Director of Paid for Services post redundant 29/08/21 Amanda Whipp Finance Manager post redundant 1/10/21

4 | P a g e

Part 2 About our Charity

Our Charitable Objectives

Age UK Wiltshire (AUKW) is an independent local charity established to promote the relief of elderly people in any manner which now or hereafter may be deemed by law to be charitable in and around the county of Wiltshire. The charity was originally formed in 1949 as the Wiltshire Older People’s Welfare Committee and is committed to enhancing the wellbeing of older people in our community. The charity is managed by a board of trustees who have a wealth of experience across the public, private and the third sector, particularly in health, and social care. Our services are provided by a small team of paid employees and a team of around 100 volunteers.

We know there are many circumstances which reduce older peoples’ sense of wellbeing in later life. These can include difficulties with physical and mental health, money worries, housing issues, caring responsibilities, and bereavement. The size of the challenge is perhaps best explained by the fact that across the UK within the next two decades the total number of people aged 65 and over is estimated to grow by 48.9 per cent, which amounts to around 4.75 million people. Indeed, in keeping with current trends, the fastest growing group will be those aged 85 and over with the numbers projected to increase by 113.9 per cent, from nearly 1.3 million people to just under 2.8 million by 2035/36. (Source: Office for National Statistics).

As an organisation we seek to fulfil our charitable objectives through the provision of services that provide a mixture of practical and emotional support for older people. In furtherance of our objectives, we work in partnership and collaborate with other charities, voluntary bodies, statutory authorities, and other organisations.

Public Benefit

The trustees have paid due regard to the Charity Commission’s guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.

Our Mission

Our mission is to inspire, support and enable older people, helping them stay safe, make informed choices and be independent yet connected.

Our Vision

The vision of Age UK Wiltshire is to “To make Wiltshire and Swindon places where everyone can love later life".

Our Values

Our four values are:

Person centred -holistic, caring, we see ‘people’, compassionate, supportive

Trusted – professional, reliable, knowledgeable, diligent, honest, quality service

Empowering – enabling, independence, ownership, nurturing

Ambitious – for our staff, clients and the organisation.

The board of trustees recognises their duty to act in the charity’s best interests, to manage resources responsibly, take reasonable care and display skill in their leadership of the charity.

5 | P a g e

To that end trustees commit individually and collectively to operate in accordance with the good practice guidance of the Charity Commission. Furthermore, all Age UK Wiltshire trustees and the Chief Executive Officer will subscribe to and uphold the seven Nolan Principles of public life; Selflessness, Integrity, Objectivity, Accountability, Openness, Honesty and Leadership.

Equality, Diversity, and Inclusion

Equality, diversity, and inclusion are central to everything we do at Age UK Wiltshire. We celebrate the diversity of people, aim to remove barriers and to support everyone to overcome and enable their full inclusion and participation in society.

As an organisation we will not tolerate any discrimination, victimisation, or harassment on the grounds of age, disability, gender, marriage and civil partnership, pregnancy and maternity, race, religion or belief, or sexual orientation. We are committed to tackling the inequalities and exclusion and promoting equality and inclusion of people from diverse backgrounds in all areas of our work. We believe an inclusive society where everyone is treated with dignity and respect will not only benefit older people but will also help to develop greater social cohesion, tolerance, stability, and prosperity.

Age UK Wiltshire believes that harnessing the different life experiences, attributes, and contributions of individuals, will make us a more effective organisation in supporting older people and a better place to work or volunteer.

Our Strategy

Our strategic plan builds on the achievements and successes of the charity in recent years and presents our plan for change, that will guide our organisation and people forward:

Our key social outcomes

We are targeting five key social outcomes, which encapsulate our vision:

6 | P a g e

Services Highlights

Accredited Information & Advice (I&A) Service

Age UK Wiltshire provides an Information & Advice (I&A) service to people aged 65+ living in Wiltshire and Swindon and to their carers and relatives. The team of paid staff and volunteers respond to a broad range of enquiries including benefit entitlement, applications and resolving disputes, housing, health and social care, legal affairs, general money advice, consumer issues, local services and activities, struggles with daily living and everything in between.

The Information & Advice team supported over 4000 clients engaging in 10,712 contacts either with the client or on behalf of them and helped realise over £2 million pounds in previously unclaimed benefits – a huge amount which will make such a difference.

The Information and Advice service is the front door to the public and underpins the holistic approach we take in supporting our older population. An integrated approach and strong connections enable seamless two-way referrals with our other services including Wellbeing, Community Meals, Fitness & Friendship and the Living Well services, as well as external organisations.

Age UK Wiltshire holds the nationally recognised Advice Quality Standard (AQS) to further demonstrate the quality of the work delivered by our staff and volunteers.

We are grateful to the support of funding from:

EON to help people with Benefit advice with the aim of maximising the income of our clients, and also to encourage uptake of Warm Home Discount to avoid the risk of fuel poverty.

Wiltshire Community Foundation to offer one-off grants to older people that are on a very low income and at risk of fuel poverty and/or struggling to keep their home warm during winter, though the Surviving Winter programme.

Age UK national, Building Resilience funding and the Masonic Charitable Foundation fund - Later Life Goals funding, enables us to provide holistic advice and support to older people experiencing a significant life event such as illness, bereavement, need of care or moving house

Wessex Water, to promote uptake of the Wessex Water Pension Credit discount scheme whilst completing income maximisation work with our clients.

Wellbeing and Befriending Service

Access to the Wellbeing service starts with a ‘Guided Conversation’ to explore every aspect of the client’s life which then help identify the cause of why they are feeling lonely and isolated. It also helps the client focus one what they would like to achieve with our support. We will provide a regular telephone call to from one of our befrienders. They will have a general chat but they will work with someone on individual goals. The befriender will also help the older person access

7 | P a g e

other services such as Fitness and Friendship clubs, Information and Advice, or a face to face home visit.

During the year we supported 222 people.

Living Well Service – Partnerships with GP practices

We had four contracts that covering 16 Chippenham, Corsham, Box, Bradford on Avon, and Sarum West. In each location an Age UK Wiltshire employee is an integrated part of the surgeries multi-disciplinary teams. Due to the successful partnership and outcomes in Chippenham we were asked to expand our services to Corsham and Box, to all patients in the Chippenham, Corsham and Box PCN.

Patients with non-clinical needs are allocated to the Age UK Project Worker to arrange a home visit to complete a ‘Guided Conversation.’ This is an opportunity to find out what is important to the patient, what practical problems they are experiencing that require support to overcome, and if there is anything that the patient would like to do in the community which would increase their social connections.

The Living Well project workers provide a wrap-around service working with the patient themselves, whilst drawing on the expertise of other services or work with other third-party organisations such as Carers Support Wiltshire, Dorset & Wiltshire Fire and Rescue Service, Wiltshire Warm & Safe to name just a few.

The themes of support most commonly provided include:

Fitness and Friendship Clubs

The Age UK Wiltshire Fitness and Friendship (F&F) Clubs reach out to a section of the population that is less likely to feel at ease in a gym or leisure centre. The clubs are aimed at those who are at increased risk of falls, poor health due to lack of exercise and loneliness and social isolation. Inactivity and more sedentary lifestyles lead to an increased risk of falls, obesity, heart disease, and a decline in mental wellbeing. These clubs have been a great benefit to people as they return to socializing after the Covid lockdowns. The main focus for the year was re-establish the clubs that were closed during lockdown. We reopened 13 clubs across Wiltshire and Swindon. We have plans for a further 2 to open next year.

Our clubs build (or rebuild) client confidence to prevent a downward spiral that can occur after a fall, even where there is no hospital admission or minor injury. The format of the club is through a combination of low impact exercise with an emphasis on friendship and having fun.

Funding from the Wiltshire & Swindon Sports Partnership (WASP) has enabled the clubs to develop and additional funding through their Get Out Get Active project to open three additional clubs in south Wiltshire will help to address the pressing need for older people to remain active and healthy.

8 | P a g e

Home from Hospital

Age UK Wiltshire received funding from Wiltshire Council to deliver a Home from Hospital (HfH) Service for Wiltshire residents, receiving referrals from Salisbury District Hospital (SDH), Royal United Hospital (RUH) in Bath, and Great Western Hospital (GWH) in Swindon and three community hospitals in Chippenham, Warminster, and Marlborough.

The Home from Hospital Service provided short term support to Wiltshire residents, predominantly aged 60 plus for up to 6 weeks following a stay in hospital. The services include a mixture of both practical and emotional support that together enable older people to transition back home and regain their confidence and independence, reducing the likelihood of people becoming socially isolated or lonely and being readmitted to hospital.

Services are aimed almost exclusively at individuals who are not otherwise eligible for a social care service or for NHS rehabilitation. Examples of the types of support given are:

The Home from Hospital service has received 709 referrals

The Age UK Wiltshire Home from Hospital contract ends at the end of June 2022. Age UK Wiltshire Board of Trustees spent a long time deliberating over the detail of the new contract but eventually made the very difficult decision to step away because the risk to the organisation was too great.

Community Meals

This service started delivering meals in March 2020. The aim of the service is:

With this service still in its infancy, the impact of the Covid pandemic very quickly materialised highlighting the sense of isolation and loneliness affecting older people in the community. This meant there was increase in demand and reliance upon Community Meals. Whilst we initially hoped to expand our service gradually, we had to expand quickly reach out across the whole county of Wiltshire. This required an acceleration in the recruitment of drivers to the team, the acquisition of additional vehicles and equipment when compared to our original business plan. We stepped up to the challenge of ensuring our most vulnerable older residents received a hot nutritional meal. As post Covid restrictions were lifted we have been able to step back and review the service and establish a robust model.

9 | P a g e

We deliver a 7 day a week service across Swindon, Wiltshire, and. This service is values by the customer and their families. Often we are the only visitor they have to the home. Community Meals works closely with the Home from Hospital service so that HfH can provide an essential 7 day service to those that need it, which creates valuable capacity for domiciliary care providers.

The service has continue the grow and we delivered 46,000 hot meals 16,000 more than last year, and most importantly maintained direct face to face contact with a large number of clients during a very difficult time.

Future Plans

With a growing 65+ population and a difficult financial climate the board recognise that our services are needed more than ever. Growth will come from expanding services and development of commercial activities. The growth of the meals service, exploring retail opportunities are key.

We are looking to develop hubs which might include a drop-in service, retail, a hot meal of a place to connect with others.

With the increasing cost of living, we plan to improve our offer with targeted information and advice and more accessible self-help materials. We continue to work with partner organisations to provide effective referrals.

We will develop services to help people stay more mobile and connected. Fitness and Friendship clubs will expand and develop activities for residents of sheltered housing schemes. These activities are aimed at helping prevent ill health both physical and mental health.

We plan to increase our home support services. Our research shows that there is a big demand for people to receive services to help them remain independent at home for longer. This might be handyperson services, shopping, gardening, befriending and travel support. We will pilot services in a small location to test and learn before launching a wider service.

We also welcome the opportunity to work with Primary Care Networks to help support social needs of patients to help improve their health.

Fundraising

Although the impact of Covid 19 restrictions meant that some of our fundraising activities were cancelled during the last year and applications suspended, we were successful in securing donations from a number of grant-makers to support our Information and Advice service, Wellbeing and Telephone Befriending Programme and Fitness and Friendship Clubs.

Relationship building continues to be at the heart of our fundraising activities, and we remain incredibly grateful for the support we receive from individuals, our community, corporate organisations and grant-making trusts and foundations.

We have an option to make single or recurring donations online and raise awareness of the potential for people to leave us a legacy in their will via our website and promotional materials.

Supporters

We would like to say thank you to all those organisations that provided a mix of financial and practical support to Age UK Wiltshire:

10 | P a g e

Part 3 Financial Review

We are reporting an operating deficit of £109,202 (2021: surplus £135,488). The deficit is due largely by two factors. Firstly income was obtained the previous financial year for services that were carried out in this financial year of around £76,000 and an agreement at the later part of the year to spend on development of services which will bring in income in future years.

A robust financial reporting mechanism ensures Trustees regularly review income and expenditure against budget/forecast. This allows decisions to be made about the future direction of the charity and its activities in order that organisation and charitable objectives are achieved.

The financial investments and policies of the organisation are reviewed on a regular basis. It was decided that in the light of the current investment climate and the future plans of the organisation to maintain the accounts as they stood. Reviewing of the investments is a constant process but it is acknowledged by the board that with interest rates as low as they are, there is currently little chance of improving our return.

The financial position of the charity remains robust, with unrestricted reserves of £623,879. This was helped by the generous legacies left to the charity amounting to £38,945 The charity does still face significant challenges in generating new revenue streams to fulfil its charitable objectives and meet the ever-increasing needs of the rising number of older people.

The defined benefit pension scheme was in surplus at the year end due to high bond yields. The £23,000 net asset is not recognised in the balance sheet as the charity is not entitled to any surplus on the wind up of the scheme.

Principal Risks and Uncertainties

The charity has traditionally relied upon various sources of funding, including commissioned services and grant funding from trusts, foundations, and individuals. While these continue as current sources of income, we acknowledge that some revenue streams are potentially at greater risk due to reductions in funding to local authorities. We have therefore made a positive change in our strategy to increase our commercial activity and income. In order to mitigate this risk, we are:

11 | P a g e

Reserves Policy

In compliance with the guidance from the Charity Commission, the trustees ensure that a financial risk assessment is completed as part of the annual budgeting and business planning process. The Reserves Policy was re-assessed during the year and the level decided upon is maintained to enable Age UK Wiltshire to discharge all financial and pension liabilities in the event of closure.

In assessing the need for reserves the trustees consider:

  1. The advisable funding to cover the plans to mitigate an unexpected cut in funding,

  2. Specific funding for the development of new or expanded services, and

  3. Specific reserves for identified long term liabilities.

For the 2021/2022 financial year the trustees have assessed the reserves needed, based upon the above criteria, as 3 to 6 months expenditure.

The total value of funds held at the balance sheet date was £687,055 (2021: £796,257). The value of restricted funds was £63,176 (2021: £124,909) Designated funds of £140,000 (2021: £140,000) are held to support specific future projects. The charity also holds £15,470 of funds that can only be realised by disposing of tangible fixed assets. Therefore, the free reserves of the charity are £468,409 (2021: £515,547).

The charity holds funds in line with the policy, although the charity is facing unprecedented demand for services and the future for the commissioning of statutory services remains unclear. A number of services continue to be funded or part-funded from voluntary income, so we will seek additional income to further develop our services. We are looking to expand our commercial operations in order to raise enough income to sustain the charity going forward.

Part 4 – STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Members guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of a winding up.

Recruitment of Trustees

The charity's board comprises a Chair and between three and seven other trustees. A trustee may be appointed by ordinary resolution of the charity or co-opted by the board. Vacancies for trustees are advertised, applicants are interviewed following short-listing, references are taken up and criminal record disclosures are obtained. Once elected, a trustee may serve for a period of three years and be eligible for re-election.

Induction and training of Trustees

On appointment, trustees attend induction training for trustees as well as organisation induction training and are given on-going support from fellow trustees and the company secretary.

12 | P a g e

External training is used where relevant, together with appropriate publications (e.g. Charity Commission CC3).

Organisation structure

The board of trustees meets at least quarterly where it considers matters relating to the organisation’s strategy, policy, monitoring performance, regulatory matters, and governance. In addition, it considers and if in agreement, ratifies recommendations made by subcommittees and any relevant working groups. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within the scheme of delegation approved by the trustees for operational matters. This delegated authority was formally reviewed and updated in May 2022.

Pay policy for senior staff

The senior management team comprises the trustees and key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. All trustees give of their time freely and no trustee received remuneration in the year.

The pay of senior staff is managed in accordance with a scheme of remuneration for all staff and has been adjusted dependent on the circumstances of the charity. The board of trustees considers the affordability of pay increases annually.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and risks. The trustees confirm that the major risks have been reviewed and systems or procedures have been established to manage those risks.

The trustees’ risk management strategy comprises:

Attention has also been focussed on non-financial risks arising from fire, health and safety of staff and volunteers, data protection and other risks. These risks are managed by ensuring the organisation has robust policies and procedures in place with regular and appropriate training for staff and volunteers.

Fund-raising standards information

Relationship building continues to be at the heart of our fundraising activities, and we remain incredibly grateful for the support we receive from individuals, our community, corporate organisations and grant-making trusts and foundations. We mainly rely on raising income from grant application, contracts, voluntary donations and legacies

We have an option to make single or recurring donations online and raise awareness of the potential for people to leave us a legacy in their will via our website and promotional materials.

13 | P a g e

We do not use any third-party organisations to raise funds on our behalf. We are registered with the Fundraising Regulator and follow the Code of Fundraising Practice. We have no complaints about our fund-raising activity. Our fundraising activities do not carry out any direct marketing or contacting individuals.

Related parties and co-operation with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee or senior manager of the charity with any other local related party or organisation is disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. A Register of Interests is maintained and is readily available for inspection.

Age UK Wiltshire is one of approximately 125 Brand Partners affiliated to Age UK. We work together in a spirit of collaboration and mutual support to achieve common goals. It is important to stress that we are an independent local charity run by local people for local people. The brand partnership with Age UK is as part of a federation and is NOT a branch structure. Age UK Wiltshire is not funded by the national charity except for specific project funding and we continue to be entirely responsible for raising our own funding.

As a brand partner of Age UK, we aim to ensure that the issues and concerns of older adults in Wiltshire are brought to the attention of policy makers, national, regional, and local, and that high-quality services continue to be provided at a local level to support older adults to maintain their independence, dignity, and well-being.

Finally, and most Importantly

Age UK Wiltshire is only able to provide the huge amount of support that it does to older people across Wiltshire and Swindon by the selfless effort and dedication of all our staff and volunteers Every single one of the team, whatever their role, contributes significantly to making life better for older people. We are also extremely grateful to our donors and funders for their support. On behalf of the board and the Chief Executive Officer a heartfelt, thank you!

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Age UK Wiltshire for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the 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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which 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 Companies Act 2006. They are

14 | P a g e

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.

In so far as the trustees are aware:

AUDITORS

The auditors, Monahans, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on .....18[th] January 2023..... and signed on its behalf by:

Richard Purchase

Chair of Trustees

15 | P a g e

Report of the Independent Auditors to the Members of

Age UK Wiltshire

Opinion

We have audited the financial statements of Age UK Wiltshire (the 'charitable company') for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company 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 charitable company'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 trustees 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 Report of the Independent Auditors thereon.

16 | P a g e

Report of the Independent Auditors to the Members of

Age UK Wiltshire - continued

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 this gives rise to a material misstatement in the financial statements themselves. 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.

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 charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

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:

17 | P a g e

Report of the Independent Auditors to the Members of

Age UK Wiltshire - continued

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, 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 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 charitable company'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 charitable company 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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the charity and the provision of services to the elderly, we identified that the principal risks of non-compliance with laws and regulations related to safeguarding, health and safety, employment law, Companies Act 2006 and Charity Law, and we considered the extent to which non-compliance might have a material effect on the financial statements of the charity. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charities Statement of Recommended Practice.

We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to revenue recognition, management override, and potential lack of segregation of duties. Audit procedures performed by the audit engagement team included:

18 | P a g e

Report of the Independent Auditors to the Members of

Age UK Wiltshire – continued

There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and the transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

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 charitable company's members those matters we are required to state to them in an auditors' 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James Gare DChA FCA (Senior Statutory Auditor) for and on behalf of Monahans Statutory Auditors Hermes House, Fire Fly Avenue Swindon, Wiltshire SN2 2GA

Date: ............................................. 18 January 2023

19 | P a g e

Age UK Wiltshire

Statement of Financial Activities for the Year Ended 31 March 2022

2022 2021
Unrestricted Designated
Restricted
Total
Total
funds funds funds funds funds
Notes
£		 £ £ £ £
INCOME AND
ENDOWMENTS FROM
Donations and legacies 3 75,435 - 119,096 194,531 398,150
Charitable activities 6
Provision of services 796,429 - 56,674 853,103 753,669
Other trading activities 4 10,165 - - 10,165 1,080
Investment income 5 21 - - 21 326
Total 882,050 - 175,770 1,057,820 1,153,225
EXPENDITURE ON
Raising funds 7 32,278 - - 32,278 37,280
Charitable activities 8
Provision of services 891,241 - 237,503 1,128,744 980,457
Total 923,519 - 237,503 1,161,022 1,017,737
NET (41,469) - (61,733) (103,202) 135,488
INCOME/(EXPENDITURE)
Other recognised
gains/(losses)
Actuarial gains/(losses) on
defined benefit schemes (6,000) - - (6,000) (3,000)
Net movement in funds (47,469) - (61,733) (109,202) 132,488
RECONCILIATION OF FUNDS
Total funds brought forward 531,348 140,000 124,909 796,257 663,769
TOTAL FUNDS CARRIED
FORWARD 483,879 140,000 63,176 687,055 796,257

The notes form part of these financial statements

20 | P a g e

Age UK Wiltshire (Registered number: 02121174) Balance Sheet

31 March 2022

2022 2021
Notes £ £
FIXED ASSETS
Tangible assets 17 15,470 18,801
Investments 18 1 1
15,471 18,802
CURRENT ASSETS
Stocks 19 2,919 2,656
Debtors: amounts falling due within one 20 78,443 65,680
year
Debtors: amounts falling due after more
than one year 20 5,000 11,040
Cash at bank and in hand 655,955 775,394
742,317 854,770
CREDITORS
Amounts falling due within one year 21 (70,733) (74,315)
NET CURRENT ASSETS 671,584 780,455
TOTAL ASSETS LESS CURRENT LIABILITIES 687,055 799,257
PENSION LIABILITY 25 - (3,000)
NET ASSETS 687,055 796,257
FUNDS 24
Unrestricted funds 623,879 671,348
Restricted funds 63,176 124,909
TOTAL FUNDS 687,055 796,257

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on .....18.1.2023....... and were signed on its behalf by:

..............

R Purchase - Trustee

21 | P a g e

The notes form part of these financial statements

22 | P a g e

Age UK Wiltshire

Cash Flow Statement for the Year Ended 31 March 2022

2022 2021
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 (110,114) 176,485
Net cash (used in)/provided by operating activities (110,114) 176,485
Cash flows from investing activities
Purchase of tangible fixed assets (9,346) (15,700)
Interest received 21 326
Net cash used in investing activities (9,325) (15,374)
Change in cash and cash
equivalents in the reporting (119,439) 161,111
period
Cash and cash equivalents at the
beginning of the reporting period 775,394 614,283
Cash and cash equivalents at the
end of the reporting period 655,955 775,394

The notes form part of these financial statements

23 | P a g e

Age UK Wiltshire

Notes to the Cash Flow Statement

for the Year Ended 31 March 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

OPERATING ACTIVITIES
2022 2021
£ £
Net (expenditure)/income for the reporting period (as per
the Statement of Financial Activities) (103,202) 135,488
Adjustments for:
Depreciation charges 12,677 9,562
Interest received (21) (326)
Increase in stocks (263) (1,177)
(Increase)/decrease in debtors (6,723) 10,128
(Decrease)/increase in creditors (3,582) 25,810
Difference between pension charge and cash contributions (9,000) (3,000)
Net cash (used in)/provided by operations (110,114) 176,485

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.21 Cash flow At 31.3.22
£ £ £
Net cash
Cash at bank and in hand 775,394 (119,439) 655,955
775,394 (119,439) 655,955
Total 775,394 (119,439) 655,955

The notes form part of these financial statements

24 | P a g e

Age UK Wiltshire Notes to the Financial Statements for the Year Ended 31 March 2022

1. GENERAL INFORMATION

Age UK Wiltshire is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address and principal activities can be found in the Trustees' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Preparation of consolidated financial statements

The financial statements contain information about Age UK Wiltshire as an individual company and do not contain consolidated financial information as the parent of a group. The charity is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

The charity's trading subsidiary, Age UK Wiltshire Trading Limited, ceased trading on 1 April 2018.

Critical accounting judgements and key sources of estimation uncertainty

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.

Critical accounting estimates and assumptions

The charitable trust makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below:

25 | P a g e

Age UK Wiltshire Notes to the Financial Statements for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

The present value of the Age UK Retirement Benefits Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include the discount rate. Any changes in these assumptions, which are disclosed in note on Employee Benefit Obligations, will impact the carrying amount of the pension liability.

Furthermore a roll forward approach which projects results from the latest full actuarial valuation performed at 31 March 2019 has been used by the actuary in valuing the pensions liability at 31 March 2022. Any differences between the figures derived from the roll forward approach and a full actuarial valuation would impact on the carrying amount of the pension liability.

Critical areas of judgement

None

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.

For legacies, entitlement is taken as the earlier of the date on which either: 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 Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

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.

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.

Trading income is included in incoming resources in the SOFA and trading costs are included in resources expended. Income represents commissions receivable, excluding value added tax.

26 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Fixed assets costing in excess of £500 (per individual item) are capitalised. Computer equipment will be written off over three years on a straight line basis and fixtures and fittings written off over four years on a straight line basis.

Investments

Investments in subsidiaries are measured at cost less impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value.

Taxation

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

Fund accounting

Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as general funds.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.

Restricted funds are to be used for specified purposes as laid down by the donor which have been raised by the charity for specific purposes. Expenditure which meets these criteria is identified to the fund.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred.

27 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The Charity participates in the Age UK Retirement Benefits Scheme which, with effect from 1st October 2001, has a defined contribution section and a defined benefit section. The defined benefit section of the scheme closed to future accrual on 30 November 2008.

Defined contribution section

The assets of the scheme are held separately from those of the Charity in an independently administered fund. The costs of the defined contribution arrangements are charged as incurred.

Defined benefits section

The expected costs of providing pensions under the defined benefit scheme, as calculated periodically by professionally-qualified actuaries, are charged to the SOFA so as to spread the cost over the service life of the employees. The charity is not entitled to any surplus on the wind up of the scheme and so any pension asset will not be shown on its balance sheet.

Donated goods, services and facilities

Donated goods, services and facilities are recognised as income 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 by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised and refer to the trustees’ annual report for more information about their contribution.

On receipt, donated goods, services and 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.

Financial instruments

The charitable trust only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the academy trust and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Amounts due to the charity’s wholly owned subsidiary are held at face value less any impairment.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument. Amounts due to charity’s wholly owned subsidiary are held at face value less any impairment.

28 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

3.
DONATIONS AND LEGACIES
Donations and grants
Legacies
4.
OTHER TRADING ACTIVITIES
Hall hire
5.
INVESTMENT INCOME
Deposit account interest
6.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Grants
Provision of services
Income from charged
for services to
beneficiaries of the
charity
Provision of services
Living Well service
Provision of services
Home from Hospital
service
Provision of services
Community meals
Provision of services
Activity

Grants
Fees
Core services
-
96
Information & Advice
56,674
-
Fitness & Friendship
-
7,972
Living Well
-
-
Gardening
-
9,353
Home from Hospital
-
-
Community meals
-
375,966
Total
56,674
393,386		 2022
2021
£
£
155,586
353,460
38,945
44,690
194,531
398,150
2022
2021
£
£
10,165
1,080
2022
2021
£
£
21
326
2022
2021
£
£
56,674
53,006
17,421
15,655
120,986
135,077
282,057
335,233
375,965
214,698
853,103
753,669
2022
2021
£
£
Contract
Total
Total
-
96
6,945
-
56,674
41,844
-
7,972
5,197
120,986
120,986
135,077
-
9,353
9,960
282,057
282,057
335,234
-
375,966
219,412
403,043
853,103
753,669

29 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

7. RAISING FUNDS

Raising donations and legacies

Raising donations and legacies
2022 2021
£ £
Staff costs - 5,633
Subscriptions - 200
Support costs 32,278 31,447
32,278 37,280

8. CHARITABLE ACTIVITIES COSTS

Provision of services

Grant
funding of
Direct activities Support
Costs (see (see note costs (see
note 9) 10) note 11) Totals
£ £ £ £
844,005 23,578 261,161 1,128,744

30 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. DIRECT COSTS OF CHARITABLE ACTIVITIES

Analysis of direct
costs 2022 2021
£ £
Support
Activity Direct staff Other direct costs Total Total
costs costs
Information & 83,512 4,370 29,343
117,225		 93,871
Advice
Fitness & 22,429 10,781 11,738
44,948		 30,110
Friendship
Living Well 93,459 1,961 32,277
127,697		 151,423
Gardening 7,140 1,443 2,934
11,517		 10,046
Home from 148,675 42,258 61,622
252,555		 192,919
Hospital
Community meals 197,079 200,489 105,640
503,208		 410,415
Wellbeing 21,289 380 5,869
27,538		 42,356
Toothill 1,315 2,513 -
3,828		 8,578
Surviving Winter 4,511 401 11,738 16,650 3,965
Click & Connect - - - - 7,402
Total 579,409 264,596 261,161
1,105,16		 951,085
6
Grants payable
(note 10) - 23,578 - 23,578 29,371
Total 579,409 288,174 261,161 1,128,74 980,456
4

Basis of allocation of support costs: Percentage of staff time

31 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

10. GRANTS PAYABLE
2022 2021
£ £
Provision of services 23,578 29,371
The total grants paid to institutions during the year was as follows:
2022 2021
£ £
AbilityNet partnership agreement - 5,000
Wiltshire Sight - 5,000
- 10,000
The total grants paid to individuals during the year was as follows:
2022 2021
£ £
Grants to individuals 23,578 19,371

11. SUPPORT COSTS

Governance Governance
Management costs
Totals
£ £ £
Raising donations and legacies 32,278 - 32,278
Provision of services 251,564 9,597 261,161
283,842 9,597 293,439
Analysis of support costs
2022 2021
£ £
Staff costs 173,550 169,561
Premises 15,558 15,552
Office costs and sundries 82,057 63,012
Depreciation 12,677 9,562
Governance costs 9,597 9,342
293,439 267,029

32 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

12. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2022 2021
£ £
Auditors' remuneration 9,597 9,342
Depreciation - owned assets 12,677 9,562
Operating leases - land and buildings 15,480 15,480
Operating leases - other 28,469 23,268

13. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

14. STAFF COSTS

2022 2021
£ £
Wages and salaries 658,951 601,738
Social security costs 36,269 34,193
Other pension costs 57,431 51,221
752,651 687,152

The average monthly number of employees during the year was as follows:

Direct charitable
Fundraising and publicity
Management and administration		 2022
20
1
4
25		 2021
19
-
4
23

No employees received emoluments in excess of £60,000. The average full-time equivalent staff numbers are 15 (2021: 18).

The key management personnel of the charity comprise the Trustees and the senior management personnel as listed on page 4. The total employee benefits of the key management personnel of the charity were £142,222 (2021: £180,196).

33 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Provision of services
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Provision of services
Total
NET INCOME
Transfers between funds
Other recognised gains/(losses)
Actuarial gains/(losses) on defined
benefit schemes
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported
Prior year adjustment
As restated
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Designated Restricted
Total
funds
funds
funds
funds
£
£
£
£
131,579
-
266,571
398,150
711,825
-
41,844
753,669
1,080
-
-
1,080
326
-
-
326
844,810
-
308,415
1,153,225
37,280
-
-
37,280
735,755
-
244,702
980,457
773,035
-
244,702
1,017,737
71,775
-
63,713
135,488
52,368
(39,929)
(12,439)
-
(3,000)
-
-
(3,000)
121,143
(39,929)
51,274
132,488
415,937
179,929
73,636
669,502
(5,733)
-
-
(5,733)
410,204
179,929
73,636
663,769
531,347
140,000
124,910
796,257

34 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

16. GOVERNMENT GRANT INCOME

2022 2021
£ £
National Lottery - 76,798
HMRC Coronavirus Job Retention Scheme - 11,162

There were no unfulfilled conditions or other contingencies attached to these grants/contracts. The charity has not directly benefited from any other forms of government assistance.

17. TANGIBLE FIXED ASSETS

17. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings
equipment
Totals
£ £ £
COST
At 1 April 2021 20,212 13,526 33,738
Additions - 9,346 9,346
At 31 March 2022 20,212 22,872 43,084
DEPRECIATION
At 1 April 2021 6,963 7,974 14,937
Charge for year 5,053 7,624 12,677
At 31 March 2022 12,016 15,598 27,614
NET BOOK VALUE
At 31 March 2022 8,196 7,274 15,470
At 31 March 2021 13,249 5,552 18,801
18. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 April 2021 and 31 March 2022 1
NET BOOK VALUE
At 31 March 2022 1
At 31 March 2021 1

There were no investment assets outside the UK.

35 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

18. FIXED ASSET INVESTMENTS - continued

The company's investments at the balance sheet date in the share capital of companies include the following:

Age UK Wiltshire Trading Limited

Registered office:
Nature of business: Dormant
%
Class of share:
holding
Ordinary
100
2022
£
Profit for the year
-
19.
STOCKS
2022
£
Stocks
2,919
20.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade debtors
44,249
Prepayments and accrued income
34,194
78,443
DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022
£
Accrued income
5,000
21.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022
£
Trade creditors
28,878
Social security and other taxes
10,112
Other creditors
722
Accrued expenses
31,021
70,733		 2021
£
210
2021
£
2,656
2021
£
29,198
36,482
65,680
2021
£
11,040
2021
£
14,973
8,525
574
50,243
74,315

36 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

22. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022 2021
£ £
Within one year 15,548 37,007
Between one and five years 1,722 14,064
17,270 51,071
23. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2022 2021
Unrestricted Designated
Restricted		 Total
Total
funds funds funds funds funds
£ £ £ £ £
Fixed assets 15,470 - - 15,470 18,801
Investments 1 - - 1 1
Current assets 539,141 140,000 63,176 742,317 854,770
Current liabilities (70,733) - - (70,733) (74,315)
Pension liability - - - - (3,000)
483,879 140,000 63,176 687,055 796,257

37 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.4.21 in funds 31.3.22
£ £ £
Unrestricted funds
General fund 534,348 (50,469) 483,879
Age Concern Defined Benefit
Pension Fund (3,000) 3,000 -
Dilapidations 40,000 - 40,000
IT equipment 25,000 - 25,000
Strategic Development 25,000 - 25,000
Business Development 50,000 - 50,000
671,348 (47,469) 623,879
Restricted funds
Legacies & Special Purposes 35,926 - 35,926
Activities - Development Projects 248 (248) -
Salisbury Health Activities 1,700 (1,700) -
Well Being - 5,000 5,000
Chippenham Borough Lands 3,254 (3,254) -
National Lottery Community Fund 37,304 (37,304) -
WASP - GOGA project 25,913 (25,913) -
Wiltshire Community Foundation -
Surviving Winter 15,564 (564) 15,000
Retain Healthcare (Click & Connect) 5,000 (5,000) -
Wessex water - 2,250 2,250
Information and advice - 5,000 5,000
124,909 (61,733) 63,176
TOTAL FUNDS 796,257 (109,202) 687,055

38 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
882,050
(932,519)
Age Concern Defined Benefit
Pension Fund
-
9,000
882,050
(923,519)
Restricted funds
Activities - Development Projects
-
(248)
Salisbury Health Activities
-
(1,700)
Well Being
10,250
(5,250)
Chippenham Borough Lands
-
(3,254)
EoN
32,674
(32,674)
Building resilience
29,250
(29,250)
Later Life Goals
24,000
(24,000)
National Lottery Community Fund
-
(37,304)
WASP - tackling inequality
5,926
(5,926)
WASP - GOGA project
5,063
(30,976)
Wiltshire Community Foundation -
Surviving Winter
36,125
(36,689)
Retain Healthcare (Click & Connect)
-
(5,000)
Wiltshire Council household support
grant
7,882
(7,882)
Fitness and Friendship
11,100
(11,100)
Wessex water
3,000
(750)
Information and advice
10,250
(5,250)
Chippenham Fitness and Friendship
club
250
(250)
175,770
(237,503)
TOTAL FUNDS
1,057,820
(1,161,022)		 Gains and
losses
£
-
(6,000)
(6,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(6,000)		 Movement
in funds
£
(50,469)
3,000
(47,469)
(248)
(1,700)
5,000
(3,254)
-
-
-
(37,304)
-
(25,913)
(564)
(5,000)
-
-
2,250
5,000
-
(61,733)
(109,202)

39 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Prior Net Transfers Transfers
year movement between At
At 1.4.20 adjustment in funds funds 31.3.21
£ £ £ £ £
Unrestricted funds
General fund 418,937 (5,733) 68,776 52,368 534,348
Legacies & Special
Purposes Fund 179,929 - - (179,929) -
Age Concern Defined
Benefit Pension Fund (3,000) - - - (3,000)
Dilapidations - - - 40,000 40,000
IT equipment - - - 25,000 25,000
Strategic Development - - - 25,000 25,000
Business Development - - - 50,000 50,000
595,866 (5,733) 68,776 12,439 671,348
Restricted funds
Legacies & Special
Purposes 35,926 - - - 35,926
Activities -
Development Projects 15,262 - (15,014) - 248
IT Club 2,293 - (2,293) - -
Salisbury Health 1,700 - - - 1,700
Activities
Well Being 7,474 - (7,474) - -
Chippenham Borough
Lands 10,981 - (3,741) (3,986) 3,254
National Lottery
Community Fund - - 37,304 - 37,304
WASP - GOGA project - - 25,913 - 25,913
Wiltshire Community
Foundation -
Surviving Winter - - 15,564 - 15,564
Wiltshire Community
Foundation - Covid
19 response grant - - 8,453 (8,453) -
Retain Healthcare
(Click & Connect) - - 5,000 - 5,000
73,636 - 63,712 (12,439) 124,909
TOTAL FUNDS 669,502 (5,733) 132,488 - 796,257

40 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
844,810
(776,034)
Age Concern Defined Benefit
Pension Fund
-
3,000
844,810
(773,034)
Restricted funds
Activities - Development Projects
-
(15,014)
IT Club
-
(2,293)
Well Being
-
(7,474)
Chippenham Borough Lands
-
(3,741)
WASP - Fitness& Friendship
10,127
(10,127)
EoN
34,844
(34,844)
Building resilience
7,313
(7,313)
AUKN Covid emergency appeal
50,557
(50,557)
Armed Forces Covenant grant
18,800
(18,800)
Radian Group
750
(750)
Later Life Goals
7,000
(7,000)
National Lottery Community Fund
76,798
(39,494)
Friends & Forum
750
(750)
WASP - tackling inequality
3,125
(3,125)
WASP - GOGA project
33,120
(7,207)
Groundwork UK
500
(500)
Neighbourly Limited
400
(400)
The Openwork Foundation
10,000
(10,000)
Wiltshire Community Foundation -
Surviving Winter
38,900
(23,336)
Wiltshire Community Foundation -
Covid 19 response grant
10,431
(1,978)
Retain Healthcare (Click & Connect)
5,000
-
308,415
(244,703)
TOTAL FUNDS
1,153,225
(1,017,737)		 Gains and
losses
£
-
(3,000)
(3,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
(3,000)		 Movement
in funds
£
68,776
-
68,776
(15,014)
(2,293)
(7,474)
(3,741)
-
-
-
-
-
-
-
37,304
-
-
25,913
-
-
-
15,564
8,453
5,000
63,712
132,488

41 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS - continued

Information on material funds:

Legacies & Special Purposes: This fund receives monies given for special restricted purposes and can only be used as specified by the donor.

Activities - Development Projects: Grants received to support development and expansion of the Active Ageing department and to purchase new equipment. Received from Warminster Town Council, Sport England and Armed Forces Covenant.

Well Being: Service offering older people who have been identified as being lonely, isolated, lacking in confidence or requiring support to access community activities assistance to make steps to improve their personal sense of wellbeing. Funding supplied by benefactors who wish to remain anonymous.

Chippenham Borough Lands: Capital seed funding to enable creation and ongoing support for one cohort of 50 customers, aged 70+, living in Chippenham, to receive on average one meal per day

WASP - Fitness & Friendship: to engage older people in and deliver fitness programmes.

EON - to provide benefits entitlement checks to older people living in Wiltshire who may be eligible for a discount on utility costs under the government's Warm Home Discount Scheme.

National Lottery Community Fund: Grant to support the development of the Meals+ service

AUKN Covid Emergency appeal - emergency funding to support the charity during Covid-19

Armed Forces Covenant grant - to provide practical and emotional support to an estimated 54,000 retired Armed Forces Veterans living in the county of Wiltshire.

WASP - Get Out Get Active (GOGA) project - to provide a mix of opportunities to support older people to enjoy being "Active Together". The project aims to inspire and support volunteers, coaches and communities to improve the health & well-being of everyone involved.

The Openwork Foundation - to extend the information and advice service to older people living in the Swindon area.

Wiltshire Community Foundation - surviving winter - to provide winter fuel grants to older people in receipt of means tested benefits.

Wiltshire Community Foundation - covid 19 response grant - to increase the capacity of the Meals+ service enabling Age UK Wiltshire to respond to the increased demand created as a result of the Covid-19 pandemic.

Salisbury Health Activities - funding to provide activities in Salisbury

42 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

24. MOVEMENT IN FUNDS - continued

Retain Healthcare (Click & Connect) - funding to help combat social isolation with the use of digital technology

Information & advice - funding for the I&A service

Building resilience - funding to help improve the wellbeing of older people.

Later life goals - funding to provide one to one advice and support to old people, specifically targeting those experiencing a significant life event

Wiltshire Council household support grant - funding to provide grants to households to help survive winter

Fitness & Friendship - to engage older people in and deliver fitness programmes.

WASP - tackling inequality - funding to help reduce negativity and widening inequalities in sport

25. EMPLOYEE BENEFIT OBLIGATIONS

Defined benefit scheme

Age UK Wiltshire is a member of the Age UK Retirement Benefits Scheme which operates a defined benefit pension arrangement. The disclosures below relate to the Age Concern Section of the scheme, this section of the scheme closed to further accrual on 30 November 2008. The Scheme provides benefits based on salary at their date of leaving the Scheme and length of service.

The most recent comprehensive actuarial valuation of the Scheme was carried out as at 31 March 2019 and the results of this valuation have been updated to 31 March 2022 by an independent qualified actuary. The resulted of the latest funding valuation at 31 March 2019 have been adjusted to the balance sheet date taking account of experience over the period since 31 March 2019, changes in market conditions and differences in the financial and demographic assumptions. The present value of the defined benefit obligation was measured using the Projects Unit Method.

43 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

25. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in the Statement of Financial Activities are as follows:

Defined benefit Defined benefit
pension plans
2022 2021
£ £
Current service cost - -
Past service cost - -
Administration expenses 2,000 2,000
2,000 2,000
Actual return on plan assets 14,000 32,000
Changes in the present value of the defined benefit obligation are as follows:
Defined benefit
pension plans
2022 2021
£ £
Opening defined benefit obligation 348,000 323,000
Interest cost 7,000 7,000
Actuarial losses/(gains) (10,000) 28,000
Benefits paid (11,000) (10,000)
334,000 348,000

Changes in the fair value of scheme assets are as follows:

Defined benefit Defined benefit
pension plans
2022 2021
£ £
Opening fair value of scheme assets 345,000 320,000
Contributions by employer 11,000 5,000
Interest income 7,000 7,000
Actuarial gains/(losses) 7,000 25,000
Benefits paid (11,000) (10,000)
Administration costs incurred (2,000) (2,000)
357,000 345,000

44 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

25. EMPLOYEE BENEFIT OBLIGATIONS - continued

The amounts recognised in other recognised gains and losses are as follows:

Defined benefit Defined benefit
pension plans
2022 2021
£ £
Actuarial gains/(losses) 17,000 (3,000)
Change in effect of the asset ceiling (23,000) -
(6,000) (3,000)

The major categories of scheme assets as a percentage of total scheme assets are as follows:

Defined benefit Defined benefit
pension plans
2022 2021
Equities 16.70% 19.30%
Diversified growth fund 12.60% 12.50%
Infastructure 9.50% -
Matching assets-bonds & gilts 59.90% 65.80%
Cash 1.30% 2.40%
100.00% 100.00%

The £23,000 net asset is not recognised in the balance sheet. The charity is not entitled to any surplus on the wind up of the scheme and so any pension asset will not be shown on its balance sheet.

45 | P a g e

Age UK Wiltshire

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

25. EMPLOYEE BENEFIT OBLIGATIONS - continued

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

2022 2021
Discount rate 2.80% 2.10%
CPI inflation 2.80% 2.30%
Future pension increases (RPI 3-5) 3.60% 3.10%
Future pension increases (RPI 2.5) 2.50% 2.50%
RPI inflation 3.60% 3.10%

Main demographic assumptions:2022:95% of S3P base tables projected by year of birth assuming future improvements inline with CMI 2021 core projections with a long-term rate of improvement of 1.0%2020:95% of S3P base tables projected by year of birth assuming future improvements inline with CMI 2020 core projections with a long-term rate of improvement of 1.0%

improvement of 1.0%
Mortality 2022 2021
Life expectancy for male currently aged 65 22.1 years (age 87.1) 21.1 years (age
87.1)
Life expectancy for female currently aged 65
24.5 years (age 89.5)		 24.4 years (age
89.4)
Life expectancy for male currently aged 45 23.1 years (age 88.1) 23.1 years (age
88.1)
Life expectancy for female currently aged 45 25.6 years (age 90.6) 25.6 years (age
90.6)

Allowance has been made for members to exchange 80% of the maximum cash allowance available upon retirement.

Defined contribution scheme

The pension cost charge represents contributions payable by Age UK Wiltshire to the fund and amounted to £57,431 (2021, £51,328). At 31 March 2022 £387 (2021: £47) of contributions were payable.

26. RELATED PARTY DISCLOSURES

The charitable company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There were no related party transactions for the year ended 31 March 2022.

46 | P a g e