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2021-03-31-accounts

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee)

Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report and financial statements

For the year ended 31 March 2021

Company registration number 02452302 Charity registration number 900542

“Our aim is to enrich the quality of life for older people in Cornwall and the Isles of Scilly”

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Contents

Page
Members 1
Trustees’ annual report 2 – 15
Independent auditors’ report 16 – 19
Consolidated income and expenditure account 20
Consolidated statement of financial activities 21
Company statement of financial activities 22
Consolidated and company balance sheets 23
Group statement of cash flows 24
Notes to the group statement of cash flows 25
Notes to the financial statements 26 – 41

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Members

For the year ended 31 March 2021

Membership Includes Representatives from:

Age Concern Bude & District Age Concern Kea, Feock & Perranarworthal Age Concern Looe Age Concern Penzance Alzheimer’s Society Bodmin Age Concern Callington Age UK Lunch Club Carnon Carers Cornwall Rural Community Charity Falmouth Age Concern Harrowbarrow & Metherell Luncheon Club Kerrier 50+ Forum Landulph Good Companions Langore Village Hall Lanner Good Companions Lezant Community Luncheon Club Par & District Age Concern Penwith 50+ Forum Saltash Age Concern St Austell Old People’s Welfare St Edoder Age Concern St Erme Silver Circle St Merryn & District Age Concern St Minver Probus Club St Neot Age Concern Tregadillet & District Age Tregony Seniors Club Volunteer Cornwall

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

The trustees present their annual report for the year ended 31 March 2021, together with the audited financial statements for the year which are prepared to meet the requirements for a director’s report and financial statements for Companies Act purposes.

The financial statements comply with the Charities Act 2011, Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting for Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Purpose and activities

1. Our charitable purposes

We are the voice of age in Cornwall and the Isles of Scilly. We were established in 1972 as Age Concern Cornwall and in October 2011, we became Age UK Cornwall and the Isles of Scilly, a brand partner of Age UK formed by the merger of Age Concern England and Help the Aged.

We are the leading independent charity in Cornwall and the Isles of Scilly working to improve the wellbeing of people in later life. Our organisation and its subsidiary company, Transport Access People (TAP), has five basic purposes:

Our vision, mission, and principles

Our vision is about the art of what is possible; we want to make a reality of the future we all want and play an active role in nurturing communities where people in later life flourish.

Our mission is simple: “to improve the wellbeing of people in later life” and we will realise this through vital navigation, support and community engagement.

Our principles underpin what we do and form the backbone of our priorities and our plans.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Purpose and activities (continued)

Our principles:

We are inclusive – people in later life are not a separate group as it is hopefully the future for all of us. We treat people as we would like to be treated ourselves and we will work with people of all ages to enable and support a healthier later life.

We are respectful – we are all human beings deserving of respect from one another. Someone who is 10, 20 or 50 years older than someone else is not a lesser person and nobody, however young or old, needs to be marginalized, ignored or patronised.

We are positive – we focus on the positive aspects of later life and show what’s good about age. We can’t always do everything we could do when we were younger, but there are things that we can do now that we couldn’t before; things that we know now that we didn’t know before and sometimes time to do things that we couldn’t before.

We are truthful and realistic – we are honest, even if things are sometimes difficult to say. We talk openly and directly, truthfully and naturally; we will put the needs of people in later life above the organisational self-interest and we will be honest about what works and what doesn’t.

We offer solutions and benefits - people use and buy things that will benefit them. We provide services for people who are vulnerable, sometimes frail, isolated and lonely and we are proud of what we do. We will only provide products and services that improve quality of life.

Our values

We are a value based organisation and our values guide us with our approach and our aims. They also guide our service delivery, our training and our work with our partners.

Caring – we aim to be approachable, accessible, responsible and empathetic; caring about what people in later life think and what they need and the needs and ambitions of our staff and volunteers.

Effectiveness – we aim to have the best standards we can in all our services, focussing clearly on our Code of Conduct, continual improvement and being open to feedback and challenge.

Influencing – we aim to create opportunities to enable the voice of people to be heard on matters that concern them and to use their voices to change attitudes and perceptions of ageing.

Enabling – we aim to maximise individual independence by offering people as little or as much help as they need to help themselves and by brokering solutions with and on behalf of people.

Innovation – we aim to find new and diverse ways of doing things that meet the needs of people in later life and take managed risks in exploring new ways forward.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Purpose and activities (continued)

2. Our progress

A review of our services is available in the annual Review on our website www.ageukcornwall.org.uk. The extracts below represent a snapshot of activity, a review of key priorities and our vision for the forthcoming year.

From April 2020 to March 2021 we provided information, services, transport and assistance to over 50,000 people. Our activity across all services was:

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Purpose and activities (continued)

Over the last 12 months, our focus has been on the continued restructure and organisational change programme that will continue to the end of the next financial year (March 2022). This includes:

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

3. Our priorities

Our focus this year and next is to continue to evolve an organisational structure that is sustainable, financially balanced and creates a foundation that is fit for the future. We have four simple priorities:

With our Executive Board, we have set measurements to assess success and, in every area, we will involve the people who work with us and the people who might want our services to help us shape and improve our organisation. Our measures of success include:

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Purpose and activities (continued)

4. Our assets

Our ability to provide, thrive and survive is dependent on the quality of our staff team, our volunteers and on our funding.

Our employees

We are blessed with a quality of employees that any organisation would be proud of. The last year has been a difficult time for many, with some services changing, others ending and, with the organisation in an almost constant state of change, our focus has been on striving to create a workforce that is resilient, supportive, responsible and engaged. To assist everyone, the Code of Conduct was developed from employees asking for a common Code to bind the organisation together. Together with team meetings, newsletters, blogs and forums our opportunities to engage and respond to requests, ideas and complaints, ensuring that each is used as a mechanism for review and improvement, have increased.

Our volunteers

Our work would not be possible without the commitment and contribution made by our bank of dynamic and professional volunteers who freely give their time for the benefit of seniors in the county and beyond. We have volunteers from a wide range of backgrounds making a tremendous difference to the quality of life of seniors and their families. Volunteers are the glue that holds rural communities such as ours together and we are privileged that so many decide to work with us to achieve our goals.

The charity is not just grateful but dependent on the unstinting efforts of its volunteers, including our Trustees, who are involved in all aspects of the provision of our services. The Covid-19 pandemic had a dramatic impact on the availability of volunteers and also limited the roles that they were able to fulfil, reducing the number of hours being provided this year. However, their willingness to get involved in many kinds of activities that supported those impacted by the resultant lockdown was fantastic.

Our funders

We are indebted to all those who provide legacies, donate funds and provide resources in kind to our charity and we use this resource wisely and sensitively. Without such generosity, we would not be able to provide the range of support and services to our seniors in Cornwall and the Isles of Scilly.

5. Our Subsidiary Companies

TAP – Transport Access People

Our TAP subsidiary company continues to generate ideas and solutions to the transport difficulties experienced by vulnerable people in Cornwall and beyond. It has been referenced in several national reviews on partnership working and the subject of national interest. We are indebted to our superb Director of Transport, the transport team and volunteer drivers for their hard work, their continued ability to take on more work and their enduring commitment, especially during the difficult times that Covid-19 has afforded us.

The TAP projects are funded and under contract from a wide range of commissioners, including Cornwall Council, Acute Trusts and Devon County Council. We are constantly mindful that we must maintain a competitive and effective service without losing sight of the importance of safe and secure transport for people who find it difficult to access public or private options. TAP is, and continues to be, the only single point of contact for individuals seeking advice and support in booking a voluntary car service; it allocates journeys fairly and equitably to other transport agencies and provides a safety net for those who need assistance.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Purpose and activities (continued)

The future of these services is never clear with a constant rolling programme of contracting however we are confident that TAP offers a unique and creative solution to transport in Cornwall and beyond.

Age Concern Cornwall Trading

Age Concern Cornwall Trading ceased trading at the end of March 2018 following a review of the products and services market by Age UK Enterprises. The company offered several services and insurance products specifically tailored towards those we could support.

Employee and service user involvement

Employees and service users have been consulted on issues of concern to them by means of regular meetings, newsletters and forum. Our steering groups, team meetings, newsletters and forums are opportunities to engage and respond to requests, ideas and complaints ensuring that each is used as a mechanism for review and improvement.

The following staff have given outstanding and supportive service during 2020/2021. For those no longer on the “payroll” we wish them well. For those still with us, “keep up the good work”. The following were “in post” as at 31 March 2021.

Mrs T Roose – Chief Executive Mr R Wakefield Mrs SC Penhaligon Mr N Clark - People & Estates Mr C East Mrs JE Denyer Mr S Perry – Director of Finance Mrs DY Hedges Miss HJ Townson Miss A Lewis – Director of Transport Mrs J Marsh Mrs L Burridge Mrs JL Rickard Mr DC Williams Mr DK Burridge Miss K Martin Mrs SA Nicholls Miss HJ Davis Miss L Downing Miss NC Kirwan Mr A Prouse Mrs D Smokvina Ms GE Furniss Mr MA Herridge Mrs B Johnson Mrs CM Hocking Mrs DJ Mecklenburgh-Allen Mrs H Jacobs Mr RV Stevenson Mrs JP Wilschere Mrs KE Arnold Mr AP King Miss AJ Gosney Mr DJ Maybrey Mrs H Newson Mrs Y Giles Ms R Tonkin Mrs JA Alexander Ms VM Jewell Ms K Peters-Gauld Mrs SM Allan Mrs J Hayes Mr DP Allen Mr C Thomas Mrs M Auchinachie Mrs MJ McConnell Mrs KS Reddaway Ms JF Lee Mrs HM Wills Ms DK Stubbs Mrs SJ Preece Mrs T Bussell Mrs AH Grehan Miss AE Starke Mrs BA Osborne Mrs ACE Thomas Mrs TJ Adams Mrs SBA Oviawe Mrs A Cottrell Ms BA Shearer Mrs M Emmett Mrs ME Faulkner Mrs B Broadbridge Mrs JA Wood Mrs LS Smith Mrs PA Annear Miss FJ Griskevicius Mrs SL Witts Ms TJ Robinson Mrs C Leverton Miss ED Bartram Mr RDP Barber Mr D Beech Mrs J Cattaneo Mrs C Parks

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

[Employee and Service User involvement Continued) ]

Ms JMA Hirons Mrs RA Kevern Mrs J Bakesef-Duncan Mr MG Hawken Miss A Vol Kohler Mr LE Davies Mrs EJ Cooper Miss M Avery Mrs J Shelley Mr PD Matheron Mr KB Yates Mr CW Cook Miss LC Whittaker Mr Mr PD Hicks Mrs EL Stephens Miss L Semmens Mr I Penhaligon Miss DA Meeson Mr AC Craze Mr J Thursfield Miss AR Wilby

Fundraising

Age UK Cornwall and The Isles of Scilly carries out fundraising across all areas of the charity and employs a part time Charity Fundraiser who takes responsibility for our relationship with external bodies and businesses, who promote the organisation and where corporate fundraising takes place.

Small amounts are raised by our Day Centres through fetes, raffles and sponsored events.

The Charity is registered with the Fundraising Regulator and has complied with the scheme at all times.

The Charity has not received any complaints regarding any aspect of its fundraising activities and is mindful of the need to protect vulnerable people, many of whom attend our day centres and related events.

As a charity committed to supporting people in later life, we seek to ensure that all staff and volunteers involved in the charity adhere to our Code of Conduct, which not only respects the rights and freedoms of our teams but also the people supported through all of our activities.

Financial review

Financial review and results for the year

The group statement of financial activities for the year is set out on page 21 of the financial statements. A summary of the financial results and the work of the charity are set out below.

Income generation

The group’s income available for the charitable application decreased from £2,886,156 to £2,427,899 Income from charitable activities decreasing from £2,546,911 to £2,306,122. Donations and legacies reduced from £329,709 to £118,251. This level of income is a great achievement and the charity thanks all the staff and volunteers for their hard work.

Investment income

Investment income has decreased from £9,536 to £3,526 this year (2020: 10,063 to £9,536).

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Expenditure and services

Transport Access People at a cost of £850,430 (2020: £945,066) and ActiveLiving at a cost of £390,042 (2020: £640,926) continue to be a significant part of the group’s activities, as is Inclusion Matters at a cost of £178,466 (2020: £60,244) Macmillan £73,276 (2020: £90,521) and to a lesser extent, Social Prescribing £72,107 (2020: £64,201) and Transport at £32,992 (2020: £54,707).

Reserves policy

Sufficient funds are required to be held in the reserves of Age UK Cornwall & The Isles of Scilly to provide:

The Trustees have established a policy whereby the charity’s unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charity should be between 3 and 6 months of the resources expended, which equates to (a) £900,000 in general funds. At this level the Trustees feel that they would be able to continue the current activities of the charity. In the event of a significant drop in funding, it would obviously be necessary to consider how the funding would be replaced or activities changed.

At the end of March 2021 (c) the free reserves, excluding the revaluation reserve which amounts to (b) £969,590 held in the general fund, are above this range (the actual amounts to be included at (a) and (b) are recalculated each year and the year at (c) indicates the date on which the recalculation is based). Sufficient reserves should be retained under each of the restricted funds to meet the charity’s obligations under that fund.

The level of reserves is monitored and reviewed by the Trustees quarterly and forms part of the responsibilities of the Finance Sub Committee.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Fund accounting policy

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure, which meets these criteria, is identified to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources receivable or generated for the general work of the Charity.

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

Investment policy and objectives

In view of the limited financial reserves available to finance the operations of the charity, the Trustees have decided that it would not be appropriate to invest surplus funds long term. Instead the funds are invested in a COIF Charities Deposit Fund in order to be readily available to meet any short-term cash requirements.

Reference and administrative details

Registered name Age Concern in Cornwall and the Isles of Scilly
Operating name Age UK Cornwall & the Isles of Scilly
Company registration number 02452302
Charity registration number 900542

Trustees

The following trustees constitute directors of the company for the purpose of the Companies Act 2006.

Ms L Southwell * Resigned 6thMay 2021
Mrs K Gannon * (Treasurer)
Mrs MM Ford (Chair)
Mr C Garrick (Vice Chair)
Mrs S Hancock
Mr M Smith
Mrs AA Burley

No trustees have any beneficial interest in the charitable company. All trustees are members of the charitable company and guarantee to contribute £1 in the event of a winding up. Trustees are elected by the members.

All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the financial statements.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Key Management Personnel

Chief Executive Mrs T Roose
Estates & Personnel Mr N Clark
Director of Finance Mr S Perry
Director of Transport Miss A Lewis
Principal address of the charity Boscawen House
Chapel Hill
TRURO
Cornwall
TR1 3BN
www.ageukcornwall.org.uk
Registered office Peat House
Newham Road
TRURO
Cornwall
TR1 2DP
Bankers Lloyds Bank Plc
7 Boscawen Street
TRURO
Cornwall
TR1 2QT
Solicitors (general matters) Coodes
Elizabeth House
Castle Street
TRURO
Cornwall
TR1 3AP
Solicitors (employment) Nash & Co
Beaumont House
Beaumont Park
PLYMOUTH
Devon
PL4 9BD
Auditors RRL LLP
Peat House
Newham Road
TRURO
Cornwall
TR1 2DP

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Structure, governance and management

Governing document

Age Concern in Cornwall and the Isles of Scilly is a charity established as a company limited by guarantee and was set up in 1989. It is governed by the Memorandum and Articles of Association dated 13 December 1989 as amended on 19 August 1998, 10 September 2003 and 9 December 2012. It is registered as a charity with the Charity Commission. In the event of winding up the members agree to contribute an amount not exceeding £1 to the assets of the charity.

Recruitment and induction of trustees

A panel comprising of existing trustees selects members of the Trustees Board. Applications for Trusteeship are sought by contacting local Age Concern groups and member organisations in Cornwall and requesting nominations for vacancies. Trustees serve for a three year period and at the end of that period they may be re-elected for a further three year period. New trustees are inducted into the workings of the charity.

Organisation

Age Concern in Cornwall and the Isles of Scilly is an independent charity although it is in contact with other similar charities and in particular shares information with the network of charities under the Age UK umbrella.

The trustees are responsible for the overall management and conduct of the charity and meet regularly throughout the year. They receive reports from a sub-committee on specific matters.

The day to day management of Age Concern in Cornwall and the Isles of Scilly is delegated to the Chief Executive. Each of the activities undertaken is controlled by a manager who reports to the Chief Executive.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Risk management strategy

Unanticipated risks and unintended events can present risks to the charity and others. Age Concern in Cornwall and the Isles of Scilly has a better chance of averting the risks if everyone concerned makes informed choices and decisions based on the best possible information and an analysis of the options available. We cannot avert all risks, but we can take precautions to lessen the impact with good planning and well considered and timely responses.

The process for developing a risk management strategy involves people at all levels of the organisation and includes:

The trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing its aims and objectives and in planning future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives set.

Related parties

The charity has two wholly owned subsidiaries as follows:

Pay policy for senior staff

The directors consider the board of directors, who are the charity’s trustees, and the senior management team comprise the key management personnel of the charity to be in charge of directing and controlling, running and operating the charity on a day-to-day basis. All directors give of their time freely and no director received any remuneration in the year. Details of directors’ expenses and related party transactions are disclosed in note 11 to the financial statements.

The pay of the senior staff is reviewed annually and normally increased in accordance with average earnings. In view of the nature of the charity, the directors benchmark against pay levels in other similar organisations.

Auditors

A resolution proposing RRL LLP be reappointed as auditors of the group and the company will be put to the Annual General Meeting.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Trustees’ annual report

For the year ended 31 March 2021

Statement of trustees’ responsibilities

The trustees (who are also directors of Age Concern in Cornwall and the Isles of Scilly, for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Charity 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 group and company and of the incoming resources and application of resources, including income and expenditure of the group and company for that period. In preparing those financial statements, the directors are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the group and company’s transactions and disclose with reasonable accuracy at any time the financial position of the group and company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the group and company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of disclosure to auditor

So far as the directors are aware, there is no relevant audit information of which the company’s auditors are unaware. Additionally, the trustees have taken all the steps that they ought to have taken as trustees in order to make themselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

This report has been prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

In approving the Trustees’ Annual Report, we also approve the Strategic report included therein, in our capacity as company directors.

By order of the trustees Peat House Newham Road TRURO Cornwall TR1 2DP MM Ford Trustee 28 October 2021

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Independent auditors’ report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee)

We have audited the financial statements of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2021 which comprise of the income and expenditure account, group statement of financial activities, group and company balance sheet, group statement of cash flows 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, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Opinion

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 group and parent 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

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Independent auditors’ report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee)

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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.

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 our knowledge and understanding of the group and parent charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and the Charities Act 2011 requires us to report to you if, in our opinion:

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Independent auditors’ report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee)

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 15, 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 group’s and parent 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 group or the parent charitable company 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.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Independent auditors’ report to the members of Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee)

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 auditor’s report.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

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 and to the charitable company’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company’s members and its trustees 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 charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Mark Williams (Senior Statutory Auditor)

For and on behalf of RRL LLP Chartered Accountants Statutory Auditors

Peat House Newham Road TRURO TR1 2DP

28 October 2021

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Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Consolidated income and expenditure account For the year ended 31 March 2021

Notes
£
Turnover
Cost of sales
Gross surplus
Grants receivable – projects
1,213,834
Other operating income
54,864
Staff costs
10
(1,257,815)
Other operating charges
(405,461)
__
Interest receivable and similar income
(Deficit)/surplus before taxation
Tax on (deficit)/surplus
6
(Deficit)/surplus for the financial year
Statement of total recognised gains and losses
(Deficit)/surplus for the financial year
Unrealised (losses)/gains on investments
Total (losses)/gains recognised since last annual report		 2021
£
1,155,675
(787,952)
__
367,723
795,146
386,573
(1,211,124)
(513,051)
__
(394,578)
3,526
__
(23,329)
-
__
(23,329)

2021
£
(23,329)
(1,204)
__
(24,533)
 2020
£
1,694,902
(921,800)
_
773,102
(542,456)
9,536
_
240,182
-
_
240,182
2020
£
240,182
326
_
240,508

All income and expenditure is derived from continuing activities.

20

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Consolidated statement of financial activities

For the year ended 31 March 2021

2021 2020
Restricted Endowment Unrestricted Total Total
Notes funds funds funds funds funds
£ £ £ £ £
Income from:
Donations and legacies 3 3,353 - 114,898 118,251 329,709
Charitable activities 4 383,983 - 1,922,139 2,306,122 2,546,911
Investment income 5 - - 3,526 3,526 9,536
__ __ __ __ __
Total income 387,336 - 2,040,563 2,427,899 2,886,156
__ __ __ __ __
Expenditure on:
Raising funds:
Charitable activities 7 383,712 - 2,067,516 2,451,228 2,645,974
__ __ __ __ __
Total expenditure 8 383,712 - 2,067,516 2,451,228 2,645,974
__ __ __ __ __
Net (losses)/gains on investments - - (1,204) (1,204) 326
__ __ __ __ __
Net (expenditure)/
income for year 9 3,624 - (28,157) (24,533) 240,508
Transfers (2,900) - 2,900 - -
__ __ __ __ __
Net movement in funds 724 - (25,257) (24,533) 240,508
Total funds brought forward 278,320 324,602 1,807,683 2,410,605 2,170,097
__ __ __ __ __
Total funds carried forward 279,044 324,602 1,782,426 2,386,072 2,410,605

All income and expenditure are derived from continuing activities.

21

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Company statement of financial activities For the year ended 31 March 2021

2021 2020
Restricted Endowment Unrestricted Total Total
Notes funds funds funds funds funds
£ £ £ £ £
Income from:
Donations and legacies 3 3,353 - 114,898 118,251 329,709
Charitable activities 4 383,983 - 1,094,240 1,478,223 1,599,059
Investment income 5 - - 15,512 15,512 11,984
__ __ __ __ __
Total income 387,336 - 1,224,650 1,611,986 1,940,752
__ __ __ __ __
Expenditure on:
Raising funds:
Charitable activities 7 383,712 - 1,251,840 1,635,552 1,700,908
__ __ __ __ __
Total expenditure 8 383,712 - 1,251,840 1,635,552 1,700,908
__ __ __ __ __
Net (losses)/gains on
investments - - (1,204) (1,204) 326
__ __ __ __ __
Net (expenditure)/
income for year 9 3,624 - (28,394) (24,770) 240,170
Transfers (2,900) - 2,900 - -
__ __ __ __ __
Net movement in funds 724 - (25,494) (24,770) 240,170
Total funds brought forward 278,320 324,602 1,801,116 2,404,038 2,163,868
__ __ __ __ __
Total funds carried forward 279,044 324,602 1,775,622 2,379,268 2,404,038

22

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Consolidated and company balance sheets As at 31 March 2021

Notes
Fixed assets
Tangible assets
12
Investments
13
Total fixed assets
Current assets
Stock
14
Debtors
15
Investments
16
Cash at bank and in hand
17
Total current assets
Creditors: amounts falling due
within one year
18
Net current assets
Net assets
19
Funds of the charity
Restricted funds
20
Endowment funds
21
Unrestricted funds
Designated funds
22
Revaluation reserve
22
General fund
23
Total charity funds
24		 Group
2021
£
370,253
-
__
370,253
__
2,057
336,383
84,299
1,826,346
__
2,249,085
(233,266)
__
2,015,819
__
2,386,072
279,044
324,602
__
603,646
__
808,537
4,299
969,590
__
1,782,426
__
2,386,072		 Group
Company
2020
2021
£
£
413,625
370,177
-
9
_
__
413,625
370,186
_
__
3,339
2,057
711,298
164,937
85,503
84,299
1,429,210
1,826,246
_
__
2,229,350
2,077,539
(232,370)
(68,457)
_
__
1,996,980
2,009,082
_
__
2,410,605
2,379,268

278,320
279,044
324,602
324,602
_
__
602,922
603,646
_
__
517,364
808,537
5,503
4,299
1,284,816
962,786
_
__
1,807,683
1,775,622
__
__
2,410,605
2,379,268		 Company
2020
£
413,325
9
_
413,334
_
3,339
559,323
85,503
1,429,110
_
2,077,275
(86,571)
_
1,990,704
_
2,404,038
278,320
324,602
_
602,922
_
517,364
5,503
1,278,249
_
1,801,116
__
2,404,038

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and constitute the financial statements required by the Companies Act 2006 and are for circulation to members of the company.

Signed on behalf of the trustees by: MM Ford

Trustee

Approved and authorised for issue by the trustees on: 28 October 2021

Company Registration No. 02452302

23

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Group statement of cash flows
For the year ended 31 March 2021
Notes
£
Cash flows from operating activities:
Net cash generated in operating activities
1
Cash flows from investing activities:
Investment income received
3,526
Proceeds from disposal of fixed assets
6,350
Fixed asset additions
(34,773)
__
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period
2		 2021
2020
£
£
£
422,033
15,984
9,536
-
(331,224)
__
(24,897)
(321,688)


397,136
(305,704)
1,429,210
1,734,914


1,826,346
1,429,210

24

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes to the group statement of cash flows

For the year ended 31 March 2021

1 Reconciliation of net (expenditure)/income to net cash inflow from operating activities

Net (expenditure)/income for the reporting period (as per the
statement of financial activities)
Adjusted for:
Depreciation
Investment income
Loss on disposal of fixed assets
Losses/(gains) on investments
Decrease/(increase) in stock
Decrease/(increase) in debtors
Increase in creditors within one year
Net cash inflow from operating activities
2
Analysis of cash and cash equivalents
Cash in hand
Cash in bank – current accounts
Cash in bank – deposit accounts
Total cash and cash equivalents		 2021
£
(24,533)
67,474
(3,526)
4,321
1,204
1,282
374,915
896
__
422,033

2021
£
1,220
917,295
907,831
__
1,826,346
 2020
£
240,508
40,530
(9,536)
-
(326)
(1,210)
(333,032)
79,050
_
15,984

2020
£
1,170
524,069
903,971
_
1,429,210

25

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

1 Constitution

The company is limited by guarantee and does not have a share capital. In the event of the company being wound up each member is liable to contribute a sum not exceeding £1. There were 56 members at 31 March 2021 (2020: 56).

2 Accounting policies

The following accounting policies have been adopted in dealing with items which are considered material in relation to the preparation of the company’s financial statements.

2.1 Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic (FRS 102) and the Companies Act 2006.

Age Concern in Cornwall and the Isles of Scilly meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

The consolidated financial statements have been prepared in respect of Age Concern in Cornwall and the Isles of Scilly, Transport Access People Limited and Age Concern Cornwall Trading Limited. The results of Transport Access People Limited and Age Concern Cornwall Trading Limited have been incorporated into the consolidated statement of financial activities and the consolidated balance sheet.

2.2 Income

Voluntary income is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when:

Intangible income is not included unless it represents goods or services which would otherwise be purchased.

Legacies are recognised in the financial statements in the period to which the charity becomes entitled to the income, unless it is incapable of financial measurement.

Income from trading activities is recognised as earned (as the related goods and services are provided).

Investment income is recognised on a receivable basis.

Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions it is recognised as earned (as the related goods or services are provided). Grant income included in this category provides funding to support performance activities and is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Income is deferred when performance related grants are received in advance of the activity to which they relate.

2.3 Expenditure

Expenditure is included on an accruals basis. The irrecoverable element of VAT is included with the expense to which it relates. Expenditure is recognised when a liability is incurred.

Governance costs represent the cost of relevant staff and office costs, board expenses, audit and accountancy fees.

The majority of costs are directly attributable to specific activities. Certain shared costs are apportioned to activities in furtherance of the objects of the charity. Shared staff costs and office costs are apportioned on the basis of the estimated usage by each cost centre of services provided.

26

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

2 Accounting policies (continued)

2.4 Funds

Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets the criteria is identified to the fund, together with a fair allocation of overheads and support costs.

Unrestricted funds are donations and other incoming resources received or generated for any of the charity’s objectives.

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

Endowment funds capital is required to be retained in perpetuity.

2.5 Pension costs

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The amount charged to the Statement of Financial Activities represents the contributions payable to the scheme in respect of the accounting period.

2.6 Operating leases

Rental charges are charged in the statement of financial activities on a straight line basis over the life of the lease.

2.7 Tangible fixed assets and depreciation

Depreciation is provided on tangible fixed assets to write off the cost less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful lives as follows:

Short leasehold property Over period of lease
Fixtures and fittings:
- Furniture 10 years
- Electrical equipment 1 – 3 years
Motor vehicles 10 years
Electric Vehicles & Chargepoints 7 years

2.8 Investments

Fixed asset investments are stated in the financial statements at cost. Current asset investments are stated at valuation. The aggregate surplus or deficit on annual revaluation is transferred to a revaluation reserve.

2.9 Stocks

Stocks are valued at the lower of cost and net realisable value. Donated goods are not valued when held as stock.

2.10 Debtors and creditors

Debtors receivable and creditors payable within one year are recorded at transaction value.

2.11 Taxation

The company is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011 and is considered to pass the test set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

27

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

3 Donations and legacies (Group and Company)

Individuals
Legacies
Coronavirus Job Retention Scheme grants
Income from charitable activities (Group and Company)
Restricted
funds
Unrestricted
funds
£
£
Active Living
-
393,722
Transport
4,930
11,928
Isles of Scilly Minibus
-
40,500
CAF Resilience Fund
82,550
-
Social Prescribing Project
79,150
-
Inclusion Matters
-
178,726
Macmillan Link Navigation
68,822
-
Locality Teams
-
-
Bring A Daycentre to Your Doorstep
95,000
-
Social Prescribing (Kerrier)
-
23,820
World Café Bid
-
-
Social Prescribing (East)
-
64,190
Social Prescribing (West)
-
65,334
Interreg (Age Independently)
10,136
-
Sustainable Transport in Cornwall
-
-
LINCos
37,894
-
Covid Response Fund
-
150,772
Covid 19 Emergency Fund
-
67,147
Veterans Should Not Be Forgotten
-
37,789
Other projects
5,501
60,312
__
_
Total income – Company
383,983
1,094,240


Transport Access People Limited
-
862,654
Elimination of intercompany
transactions on consolidation
-
(34,755)
__
_
Total income – Group
383,983
1,922,139

 _
 2021
£
38,268
3,731
76,252
_
118,251

2021
Total
funds
£
393,722
16,858
40,500
82,550
79,150
178,726
68,822
-
95,000
23,820
-
64,190
65,334
10,136
-
37,894
150,772
67,147
37,789
65,813
__
1,478,223
862,654
(34,755)
__
2,306,122		 2020
£
124,785
204,924
-
_
329,709

2020
Total
funds
£
606,648
31,247
40,500
-
63,877
90,887
85,859
217,894
-
-
13,184
11,767
-
39,390
230,212
28,178
-
-
-
139,416
_
1,599,059

947,852
-
__
2,546,911

Government funding included above totalled £159,727 (2020: £90,437).

28

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

5 Investment income

Investment income
Group Group Company Company
2021 2020 2021 2020
£ £ £ £
Gift Aid from subsidiary undertaking - - 11,986 2,448
Bank interest receivable 3,526 9,536 3,526 9,536
__ __ __ __
3,526 9,536 15,512 11,984

The donation received under gift aid from the subsidiary companies reflects the amount expected to be received in respect of the results for the year ended 31 March 2021.

As disclosed in those financial statements the gift aid donation is no longer accrued at year end, however the Trustees of the charity have accrued for this income in the Charity’s financial statements as notification of entitlement to this income had been received at the year end.

6 Taxation

As the company is a registered charity it is exempt from corporation tax.

7 Expenditure on charitable activities – Group and Company

Expenditure on charitable activities – Group and Company
Restricted Unrestricted 2021 2020
funds funds Total Total
funds funds
£ £ £ £
Active Living - 390,042 390,042 640,926
Transport 4,930 28,062 32,992 54,707
Isles of Scilly Minibus - 33,371 33,371 36,907
SEFAC Project - 36,594 36,594 46,591
Social Prescribing Project 72,107 - 72,107 64,201
Inclusion Matters - 178,466 178,466 60,244
Macmillan Link Navigation 73,276 - 73,276 90,521
Interreg (Age Independently) 18,069 - 18,069 21,682
Locality Teams - - - 178,905
Social Prescribing (East) - 54,145 54,145 11,666
World Café Bid - - - 18,950
LINCos 33,680 - 33,680 28,178
Capital Assets Fund - 66,494 66,494 39,982
CAF Resilience Fund 82,550 - 82,550 -
Bring A Daycentre to Your Doorstep 95,000 - 95,000 -
Social Prescribing (Kerrier) - 24,377 24,377 -
Social Prescribing (West) - 66,335 66,335 -
Covid 19 Response Fund - 159,205 159,205 -
Veterans Should Not Be Forgotten - 19,356 19,356 -
Covid 19 Emergency Fund - 101,902 101,902 -
Other projects 4,100 66,027 70,127 380,468
Governance - 27,464 27,464 26,980
__ __ __ __
Total expenditure – Company 383,712 1,251,840 1,635,552 1,700,908
Transport Access People Limited - 850,430 850,430 945,066
Elimination of intercompany transactions on
consolidation - (34,754) (34,754) -
__ __ __ __
Total expenditure – Group 383,712 2,067,516 2,451,228 2,645,974

29

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes

(forming part of the financial statements)

8 Total expenditure – Group and Company

Expenditure represents the
following direct and apportioned
costs
Transport Access People Limited
Social Prescribing (Kerrier)
Active Living
Transport
Covid 19 Response
Isles of Scilly Minibus
Social Prescribing (West)
Interreg (Age-Independently)
Bring A Daycentre to Your Doorstep
CAF Resilience Fund
SEFAC Project
Inclusion Matters
Macmillan Link Navigation
Social Prescribing Project
Staff Volunteer Training
LLINCos
Other Projects
Support costs
Governance costs
2021 Total
2020 Total		 Staff
costs
£
83,231
20,192
242,673
10,781
135,538
21,296
54,811
14,005
55,674
46,615
33,680
154,805
60,148
57,938
756
27,557
124,190
110,162
15,163
_
1,269,215
_
1,244,030
 Premises
and
equipment
£
11,719
969
35,791
-
-
3,232
2,429
-
8,937
9,663
-
7,190
4,376
1,764
-
123
40,051
12,369
2,183
_
140,796
_
137,525
 Transport
and
travel
£
719,017
44
16,794
15,790
11
3,840
12
-
2,627
2,566
-
168
23
5,704
1,912
-
15,927
-
-
_
784,435
_
1,006,890
 Purchases
and
provisions
£
-
-
49,751
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
_
49,751
_
62,229
 General
office
expenses
Legal and
professional
Depreciation
£
£
£
20,446
-
224
819
-
-
22,824
-
-
1,881
-
-
5,412
-
-
1,099
-
-
2,524
-
-
164
1,800
-
7,958
8,640
-
7,195
-
-
164
-
-
4,098
-
-
2,274
-
432
2,463
-
324
-
193
-
-
-
-
423
1,800
66,494
24,497
-
-
2,085
10,933
-
_
_
_
106,326
23,366
67,474
_
_
_
103,921
33,214
40,530


 Other
£
894
103
808
666
15
4
309
-
-
-
-
204
23
-
335
-
6,404
-
100
_
9,865
_
17,635
 Group
total
£
835,531
22,127
368,641
29,118
140,976
29,471
60,085
15,969
83,836
66,039
33,844
166,465
67,276
68,193
3,196
27,680
255,289
147,028
30,464
_
2,451,228
_
2,645,974
 Company
total
£
-
22,127
368,641
29,117
175,730
29,471
60,085
15,969
83,835
66,040
33,844
166,466
67,276
68,192
3,196
27,680
255,291
135,028
27,564
_
1,635,552
_
1,700,908

30

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

Net expenditure is stated after charging:
Operating leases
Depreciation
Governance expenditure includes:
Auditors remuneration:
For audit services
For other services
10
Payroll costs – Group
Wages and salaries
Social security costs
Pension contributions		 Group
2021
£
40,000
67,474

5,600
3,350
__
8,950
 Group
2020
£
40,000
40,530

5,200
3,550
__
8,750
 Company
2021
£
40,000
67,250
3,650
2,300
__
5,950
2021
£
1,169,703
70,428
17,684
__
1,257,815
 Company
2020
£
40,000
40,306

3,450
1,900
_
5,350

2020
£
1,131,434
63,130
16,560
_
1,211,124

The average number of full time equivalent persons employed during the year was as follows:

2021 2020
Charitable activities 38 42
Management and administration of the charity 9 9
__ __
47 51

One employee received remuneration of between £60,000 and £70,000 (2020: one). Pension costs in respect of employees receiving remuneration of more than £60,000 was £1,313 (2020: £2,816).

The total remuneration and benefits of key management personnel for the year were £177,183 (2020: £183,823).

The group contributes to a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the group to the fund and amounted to £17,684 (2020: £16,560). There were outstanding contributions at the year end of £3,196 (2020: £2,781).

Included in wages are redundancy costs of £18,708 (2020: £nil).

11 Related party transactions

The trustees of the charity are the directors under company law and received no remuneration (2020: £Nil). No expenses were claimed by trustees during the year or preceding year.

31

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

12
Tangible fixed assets
Group
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Tangible fixed assets
Company
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Motor
vehicles
Fixtures
and fittings
£
£
491,454
202,565
-
34,773
(37,755)
-
_
_
453,699
237,338
_
_
147,391
133,003
50,669
16,805
(27,084)
-
_
_
170,976
149,808
_
_
282,723
87,530

344,063
69,562

Motor
vehicles
Fixtures
and fittings
£
£
491,454
192,332
-
34,773
(37,755)
-
_
_
453,699
227,105
_
_
147,391
123,070
50,669
16,581
(27,084)
-
_
_
170,976
139,651
_
_
282,723
87,454

344,063
69,262
 Total
£
694,019
34,773
(37,755)
_
691,037
_
280,394
67,474
(27,084)
_
320,784
_
370,253

413,625

Total
£
683,786
34,773
(37,755)
_
680,804
_
270,461
67,250
(27,084)
_
310,627
_
370,177

413,325

32

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

13 Investments – Company

£

Investment in subsidiaries at cost: At 31 March 2021 and 2020

The company holds the whole of the issued share capital of Transport Access People Limited, a company registered in England and Wales number 04559010. The principal activity is the operation of a transport service.

Summary profit and loss account
Turnover
Administrative expenses
Net profit
The assets and liabilities of the subsidiary were:
Total assets
Creditors: amounts due within one year
Total net assets
Aggregate share capital and reserves

The company holds the whole of the issued share capital of Age Concern
company registered in England and Wales number 02499635. The principal
activity. This trade ceased on 31 March 2018.
Summary profit and loss account
Turnover
Administrative expenses
_
Net profit

The assets and liabilities of the subsidiary were:
Total assets
Creditors: amounts due within one year
_
Total net assets

Aggregate share capital and reserves
 Summary profit and loss account
Turnover
Administrative expenses
Net profit
The assets and liabilities of the subsidiary were:
Total assets
Creditors: amounts due within one year
Total net assets
Aggregate share capital and reserves

The company holds the whole of the issued share capital of Age Concern
company registered in England and Wales number 02499635. The principal
activity. This trade ceased on 31 March 2018.
Summary profit and loss account
Turnover
Administrative expenses
_
Net profit

The assets and liabilities of the subsidiary were:
Total assets
Creditors: amounts due within one year
_
Total net assets

Aggregate share capital and reserves
 2021
2020
£
£
862,654
947,852
(850,430)
(945,066)
__
_
12,224
2,786


193,772
156,885
(174,981)
(147,869)
__
_
18,791
9,016


18,791
9,016


Cornwall Trading Limited, a
activity is insurance broking
2021
2020
£
£
-
-
-
-
_
__
-
-


8
8
-
-
_
__
8
8


8
8
_

The above profits are passed to the charity by way of a gift aid donation each year. Subsequently no corporation tax liability arises in either trading subsidiary.

33

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

14 Stock – Group and Company

Consumables
15
Debtors
Trade debtors
Subsidiary undertakings
Other debtors
Prepayments and accrued income		 Group
2021
£
283,958
-
32,563
19,862
__
336,383
 Group
2020
£
380,426
-
309,133
21,739
__
711,298
 2021
£
2,057

Company
2021
£
100,565
11,986
32,524
19,862
__
164,937
 2020
£
3,339

Company
2020
£
226,004
2,447
309,133
21,739
__
559,323

Other debtors includes donations from subsidiaries of £11,986 (2020: £2,448).

16 Investments – Group and Company

COIF Charities
Fixed Interest Shares
£
Valuation
At 1 April 2020 85,503
Revaluation in year (1,204)
__
At 31 March 2021 84,299

The cost of the above investment at 31 March 2021 was £80,000 (2020: £80,000).

17 Cash at bank and in hand

Cash held on deposit
Cash held on current account and cash in
hand		 Group
2021
£
907,831
918,515
__
1,826,346
 Group
Company
2020
2021
£
£
903,971
907,831
525,239
918,415
__
__
1,429,210
1,826,246

 Company
2020
£
903,971
525,139
__
1,429,110

34

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

18 Creditors: amounts falling due within one year

Group
Group
Company
2021
2020
2021
£
£
£
Bank overdraft
84,169
45,521
-
Trade creditors
65,476
57,807
10,283
Taxation and social security
60,763
90,692
28,205
Other creditors
10,018
24,927
20,129
Accruals
12,840
13,423
9,840
__
_
__
233,266
232,370
68,457



19
Analysis of group net assets between funds – current year
Restricted
Endowment
Unrestricted
funds
funds
funds
£
£
£
Fund balances at 31 March 2021 as
represented by:
Tangible fixed assets
685
-
368,568
Current assets
278,518
324,602
1,645,965
Current liabilities
(159)
-
(233,107)
_
_
_
Total net assets
279,044
324,602
1,782,426



Analysis of group net assets between funds – prior year
Restricted
Endowment
Unrestricted
funds
funds
funds
£
£
£
Fund balances at 31 March 2020 as
represented by:
Tangible fixed assets
575
-
413,050
Current assets
279,031
324,602
1,625,717
Current liabilities
(1,286)
-
(231,084)
_
_
__
Total net assets
278,320
324,602
1,807,683


 Company
2020
£
-
14,999
34,693
26,528
10,351
__
86,571

Total
funds
£
370,253
2,249,085
(233,266)
__
2,386,072

Total
funds
£
413,625
2,229,350
(232,370)
__
2,410,605

35

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

20 Restricted funds – Group and Company - current year

Legacy/gifts
Interreg (Age-in)
LINCos
Perranarworthal Legacy
Bring A Daycentre to Your Doorstep
Social Prescribing Project
Macmillan Link Navigation
CAF Resilience Fund
Other
Purpose of funds:
Legacy/gifts
-
Interreg (Age-in)
-
LINCos
-
Perranarworthal Legacy
-
Bring a Daycentre to your Doorstep
-
Social Prescribing Project
-
Macmillan Link Navigation
-
CAF Resilience Fund
-
Other
-		 Brought
forward
Income
Expenditure
Transfers
Carried
forward
£
£
£
£
£
8,767
-
-
-
8,767
17,708
10,136
(18,069)
-
9,775
-
37,894
(33,680)
-
4,214
222,414
-
(1,500)
-
220,914
-
95,000
(95,000)
-
-
576
79,150
(72,107)
-
7,619
18,853
68,822
(73,276)
-
14,399
-
82,550
(82,550)
-
-
10,002
13,784
(7,530)
(2,900)
13,356
_
_
_
_
__
278,320
387,336
(383,712)
(2,900)
279,044



Funds from various sources for specific use.

The impact on the welfare of individuals of planning, environment,
transport, and other social factors.

Promoting Research & Innovation.

To provide Day Care Service in Perranarworthal.

Support for people in their homes

Enabling people to be more independent.

To provide online digital resources for people or families touched by
cancer.

A proactive and sustainable programme of peer support using the
principles of coaching and empowerment

Various small projects.

Restricted funds – Group and Company – prior year

Legacy/gifts
Interreg (Age-in)
LINCos
Perranarworthal Legacy
Sustainable Transport in Cornwall
Social Prescribing Project
Macmillan Link Navigation
Other
Purpose of funds:
Legacy/gifts
-
Interreg (Age-in)
-
LINCos
-
Perranarworthal Legacy
-
Sustainable Transport in Cornwall
Social Prescribing Project
-
Macmillan Link Navigation
-
Other
-		 Brought
forward
Income
Expenditure
Transfers
Carried
forward
£
£
£
£
£
8,767
-
-
-
8,767
-
39,390
(21,682)
-
17,708
-
28,178
(28,178)
-
-
226,093
-
(3,679)
-
222,414
14,235
230,212
-
(244,447)
-
900
63,877
(64,201)
-
576
23,515
85,859
(90,521)
-
18,853
5,768
23,184
(18,950)
-
10,002
_
_
_
_
__
279,278
470,700
(227,211)
(244,447)
278,320



Funds from various sources for specific use.

The impact on the welfare of individuals of planning, environment,
transport, and other social factors.

Promoting Research & Innovation.

To provide Day Care Service in Perranarworthal.
Development of a Sustainable Transport Infrastructure.

Enabling people to be more independent.

To provide online digital resources for people or families touched by
cancer.

Various small projects.

36

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

21 Endowment funds – Group and Company – current year

Brought
forward
Income
Expenditure
Transfers
£
£
£
£
Perranarworthal Legacy
324,602


Endowment funds – Group and Company – prior year
Brought
forward
Income
Expenditure
Transfers
£
£
£
£
Perranarworthal Legacy
324,602
-
-
-


Purpose of funds:
Perranarworthal Legacy
-
To provide a Day Care centre in Perranarworthal.
22
Unrestricted funds – current year
Group and company
Brought
forward
Income and
gains
Expenditure
and losses
Transfers
£
£
£
£
Designated funds:
Benevolent fund
4,882
-
(92)
-
Day Centre Development Fund
64,979
-
(9,627)
-
Local group funds
6,507
-
-
-
Volunteers training
15,498
-
(3,195)
-
Minibus replacement fund
12,748
600
(4,921)
1,666
Capital fund
412,750
-
(66,494)
23,236
Organisational and contingency
fund
-
-
-
150,000
Covid PPE infection control fund
-
-
-
50,000
Resilience and recovery fund
-
-
-
50,000
Service development fund
-
-
-
50,000
Sustainable (EV) transport
infrastructure capital fund
-
-
-
50,000
_
_
_
_
517,364
600
(84,329)
374,902


Revaluation reserve
5,503
-
(1,204)
-		 Carried
forward
£
324,602

Carried
forward
£
324,602

Carried
forward
£
4,790
55,352
6,507
12,303
10,093
369,492
150,000
50,000
50,000
50,000
50,000
__
808,537
4,299

Purpose of funds

(where not obvious from description above):

Benevolent fund - To provide help to older people in times of financial need. Day Centre Development Fund - Funds for the redevelopment of Daycentre services. Local groups funds - To provide funds specifically for local groups in Cornwall. Volunteers training - To fund training for staff and volunteer organisations. Minibus replacement fund - To purchase and maintain community minibuses. Capital fund - Fund representing net book value of fixed assets funded by unrestricted reserves.

37

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes

(forming part of the financial statements)

Unrestricted funds – prior year

Group and company
Designated funds:
Benevolent fund
Day Centre Development Fund
Electric Vehicles & Chargepoints
Local group funds
Volunteers training
Minibus replacement fund
Capital fund
Revaluation reserve
Purpose of funds:
Benevolent fund
-
Age UK Development Strategy
-
Electric Vehicles & Chargepoints
-
Local groups funds
-
Volunteers training
-
Minibus replacement fund
-
Capital fund
-		 Brought
forward
Income and
gains
Expenditure
and losses
Transfers
Carried
forward
£
£
£
£
£
4,932
-
(50)
-
4,882
-
67,000
(2,021)
-
64,979
60,132
-
-
(60,132)
-
6,507
-
-
-
6,507
21,888
-
(6,391)
-
15,498
61,627
-
-
(48,878)
12,748
107,272
-
(39,982)
345,460
412,750
_
_
_
_
__
262,358
67,000
(48,444)
236,450
517,364



5,177
326
-
-
5,503




To provide help to older people in times of financial need.

Funds earmarked to develop future strategy for long term sustainability

Matched funding for the sustainable transportation in Cornwall project
funded by ERDF.

To provide funds specifically for local groups in Cornwall.

To fund training for staff and volunteer organisations.

To purchase and maintain community minibuses.

Fund representing net book value of fixed assets funded by		 Carried
forward
£
4,882
64,979
-
6,507
15,498
12,748
412,750
__
517,364
5,503

23 Unrestricted funds - current year

Unrestricted funds - current year
Group Group Company Company
2021 2020 2021 2020
£ £ £ £
General fund
Brought forward 1,284,816 1,298,682 1,278,249 1,292,453
Income 2,039,963 2,348,456 1,224,050 1,403,052
Expenditure (1,983,187) (2,370,319) (1,167,511) (1,425,253)
Transfers between funds (372,002) 7,997 (372,002) 7,997
__ __ __ __
Carried forward 969,590
 1,284,816
 962,786 1,278,249
Unrestricted funds – prior year
Group Group Company Company
2020 2019 2020 2019
£ £ £ £
General fund
Brought forward 1,298,682 1,042,331 1,292,453 1,037,196
Income 2,348,456 2,197,993 1,403,052 1,242,325
Expenditure (2,370,319) (2,202,102) (1,425,253) (1,247,528)
Transfers between funds 7,997 260,460 7,997 260,460
__ __ __ __
Carried forward 1,284,816 1,298,682 1,278,249 1,292,453

38

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly Notes

(forming part of the financial statements)

24 Reconciliation of movement in funds – current year

Group
2021
£
(Deficit)/surplus for the financial year
(23,329)
Other recognised gains and losses
(1,204)
__
Net movement in funds
(24,533)
Opening funds
2,410,605
__
Closing funds
2,386,072

Reconciliation of movement in funds – prior year
Group
2020
£
Deficit for the financial year
240,182
Other recognised losses and gains
326
__
Net movement in funds
240,508
Opening funds
2,170,097
__
Closing funds
2,410,605
 Group
2020
£
240,182
326
_
240,508
2,170,097
_
2,410,605

Group
2019
£
(112,271)
(364)
_
(112,635)
2,282,732
_
2,170,097
 Company
2021
£
(23,566)
(1,204)
__
(24,770)
2,404,038
__
2,379,268
Company
2020
£
239,844
326
__
240,170
2,163,868
__
2,404,038		 Company
2020
£
239,844
326
_
240,170
2,163,868
_
2,404,038

Company
2019
£
(113,365)
(364)
_
(113,729)
2,277,597
_
2,163,868

25 Financial commitments

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable leases for land and buildings which fall due as follows:

Group Group Company Company
2021 2020 2021 2020
£ £ £ £
Expiring in one to two years - 26,667 - 26,667
Expiring in two to five years 149,333 - 149,333 -

39

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

26 Contingent asset – legacies

At year end the charity had been notified of a significant legacy, however at the date of approval of these financial statements a reliable estimate of the amount receivable could not be reasonably quantified.

Therefore no debtor has been included in the financial statements.

27 Consolidated statement of financial activities – comparative period activities – comparative period
2020
Restricted Endowment Unrestricted Total
funds funds funds funds
£ £ £ £
Income from:
Donations and legacies 10,000 - 319,709 214,531
Charitable activities 460,700 - 2,086,211 2,546,911
Investment income - - 9,536 9,536
__ __ __ __
Total income 470,700 - 2,415,456 2,886,156
__ __ __ __
Expenditure on:
Raising funds:
Charitable activities 227,211 - 2,418,763 2,645,974
__ __ __ __
Total expenditure 227,211 - 2,418,763 2,645,974
__ __ __ __
Net gains on investments - - 326 326
__ __ __ __
Net income/(expenditure) for year 243,489 - (2,981) 240,508
Transfers (244,447) - 244,447 -
__ __ __ __
Net movement in funds (958) - 241,466 240,508
Total funds brought forward 279,278 324,602 1,566,217 2,170,097
__ __ __ __
Total funds carried forward 278,320
 324,602
 1,807,683
 2,410,605

40

Age Concern in Cornwall and the Isles of Scilly (Limited by Guarantee) Trading as Age UK Cornwall & the Isles of Scilly

Notes

(forming part of the financial statements)

28 Company statement of financial activities – prior year

2020
Restricted Endowment Unrestricted Total
funds funds funds funds
£ £ £ £
Income from:
Donations and legacies 10,000 - 319,709 329,709
Charitable activities 460,700 - 1,138,359 1,599,059
Investment income - - 11,984 11,984
__ __ __ __
Total income 470,700 - 1,470,052 1,940,752
__ __ __ __
Expenditure on:
Raising funds:
Charitable activities 227,211 - 1,473,697 1,700,908
__ __ __ __
Total expenditure 227,211 - 1,473,697 1,700,908
__ __ __ __
Net gains on investments - - 326 326
__ __ __ __
Net
income/(expenditure) 243,489 - (3,319) 240,170
for year
Transfers (244,447) - 244,447 -
__ __ __ __
Net movement in funds (958) - 241,128 240,170
Total funds brought forward 279,278 324,602 1,559,988 2,163,868
__ __ __ __
Total funds carried forward 278,320 324,602 1,801,116 2,404,038

41