NATIONAL COUNCIL ON AGEING

Charity number: 261794
Removed charity

Charity overview

Activities - how the charity spends its money

Age Concern England is a member of a federation of 356 independent charities in England that share a commitment to making later life fulfilling, enjoyable and productive. It campaigns on issues that matter to older people and supports other Age Concerns in their provision of services that promote independence and emotional well-being.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£91,227,000

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Donations and legacies £23.54m
Charitable activities £8.21m
Other trading activities £15.79m
Investments £43.69m
Other £0

Total expenditure:
£92,335,000

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Raising funds £0
Charitable activities £44.64m
Other £1.32m

-£1,965,000 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £47.70m
Charitable expenditure £44.64m

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Economic/community Development/employment
Who the charity helps:
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 14 March 2002: Standard registration
  • 17 November 2010: Removed
  • 17 November 2010: Funds transferred to
Organisation type:
Other
Other names:
  • AGE CONCERN (Working name)
  • AGE CONCERN ENGLAND (Working name)
  • NATIONAL OLD PEOPLE'S WELFARE COUNCIL (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Total gross income £42.48m £81.91m £86.49m £79.90m £91.23m
Total expenditure £42.07m £81.03m £92.76m £86.28m £92.34m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £16.46m £17.36m £23.54m
Income - Other trading activities N/A N/A £13.80m £14.94m £15.79m
Income - Charitable activities N/A N/A £7.87m £7.70m £8.21m
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £48.37m £421.00k £43.69m
Income - Other N/A N/A £0 £39.47m £0
Income - Legacies N/A N/A £5.91m £7.49m £7.81m
Expenditure - Charitable activities N/A N/A £45.25m £43.03m £44.64m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £1.20m £1.13m £1.25m
Expenditure - Grants institution N/A N/A £6.61m £6.59m £9.60m
Expenditure - Investment management N/A N/A £64.00k £79.00k £49.00k
Expenditure - Other N/A N/A £0 £26.03m £1.32m

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A £12.79m £8.66m £7.67m
Long-term investments N/A N/A £11.02m £8.69m £6.71m
Other assets N/A N/A £13.71m £14.09m £20.50m
Defined benefit pension scheme asset or liability N/A N/A £0 -£5.70m -£9.23m
Total liabilities N/A N/A £13.22m £13.50m £20.36m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2010 Not submitted
Accounts and TAR 31 March 2010 Not submitted
Annual return 31 March 2009 31 January 2010 On time
Accounts and TAR 31 March 2009 31 January 2010 On time
Annual return 31 March 2008 28 January 2009 On time
Accounts and TAR 31 March 2008 29 January 2009 On time
Annual return 31 March 2007 30 January 2008 On time
Accounts and TAR 31 March 2007 12 November 2007 On time
Annual return 31 March 2006 29 January 2007 On time
Accounts and TAR 31 March 2006 23 August 2006 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CONSTITUTION ADOPTED 5/04/1971 AS AMENDED 30/01/1984, 29/07/1985, 27/01/1986, 25/07/1988, 30/01/1989, 24/07/1989, 24/07/1990, 23/07/1992, 22/07/1993, 29/01/1996, 19/12/1997, 22/07/1998, 19/07/2000, 17/07/02, 14/07/04, 30/01/06, 3/07/08, 26/1/09

Charitable objects

TO PROMOTE THE WELFARE OF THE AGED IN ANY MANNER WHICH NOW IS OR HEREAFTER MAY BE DEEMED BY LAW TO BE CHARITABLE

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 261794-1 EDNA LIPSON FOR AGE CONCERN ENGLAND
Governing document
SCHEME OF THE CHARITY COMMISSIONERS DATED 16TH JANUARY 2002
Charitable objects
FOR THE GENERAL PURPOSES OF THE CHARITY CALLED AGE CONCERN ENGLAND (261794)
Area of benefit
NOT DEFINED
Registration history
  • 14 March 2002 : Standard registration
  • 17 November 2010 : Removed
  • 17 November 2010 : Asset transfer out