Company registration number: 02703636
Charity registration number.. 1010973
Age UK Exeter
(A company limited by guarantee)
Annual Report and Financial Ststements
for the Year Ended 31 March 2025
WESTCOTTS
CHARTERED ACCOUNIANTS
4 BU$INI$S ADVISERS

Age UK Exeter
Contents
Reference and Administrative Details
Trustees. Report
2to12
Independent Examinerfs Report
13
Statement of Financial Activities
14
Balance Sheet
15
ststement of Cash Flows
16
Notes to the Financial Statements
17to33

Age UK Exeter
Reference and Administrative Detalls
Chalrnian
Darren Burr
Trustses
Stephen Noon
Peter Brew
Ross Bright (resigned 9 July 2024)
Lydia Ward
Claire Morse
John Cartridge (resigned 29 October 2024}
Darren Burr
Gavin Ball
David Mutton (appointed 30 April 2024)
Secretary
Nicole Flynn
Charfty Reglstratlon Number
1010973
Company Registration Number 02703636
Registered Office
The Sycamores
Mount Pleasant Road
Exeter
EX4 7AE
Indepondent Examln6r
Westcotts (SVI) LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Page 1

Age UK Exeter
Trustees. Report
The trustees, who are directors for the purposes of company law, present the annual report together
with the financial statements and auditors, report of the charitable company for the year ended 31
March 2025.
Objectives and activlties
Public benefit
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefit guidan￿ published by the Charity Commission for
England and Wales.
In setting objectives and plan ning for activities, the trustees have given due consideration to general
guidance published by the Charity Commission relating to public benefit.
Age UK Exeter is a charitable company limited by guarantee. (charity number is 1010973 and
Company number is 027036361. It makes a positive contribution to the lives of over 700 older people
each week through the support services and opportunities provided. We help older people to maintain
and enhance their quality of life, make informed choices, realise their rights, have a voice and be
heard and meet their care needs. Many of these services are free, some are charged for, and some
provided under a contract with the RD & E Hospital Trust.
Age UK Exeter's vision is for a city in which all older people can love later life. Our mission is to
enable older people to make the most of later life, whatever their circumstances.
As an organisation it is all about people. Age UK Exeter subscribes to five core values-
Respect and dignity- Treating others with care and compassion. All views listened to and taken
into consideration.
Collaboration- Individuals working together for a common purpose or goal to achieve an aim.
Integrity-making well-intentioned decisions for all.
Equality-Respecting, valuing and welcoming people of all backgrounds and abilities
Diverslty and Incluslon- Creating a safe space where everyone can feel comfortable and open.
The following are our strategic objectives for 2023-2026.
To provide social activities and group work
To provide dementia support including day care
To provide a home support service
To ensure effective consultation and engagement
To offer free information and advice
To set up a handyperson project
To ensure staff wellbeing is a priority.
strategie5 for achieving the objectives.
The strategy to achieve these objectives continues to be through the provision of support and
opportunities for older people with a wide range of needs and seeking to ensure that the views and
best interests of older people are considered by local policy makers.
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Age UK Exeter
Trustees. Report
Activities for achieving objectives
This was achieved through the provision of:
Services that provide meaningful and stimulating social contact and practical support in a range of
settings.
Services that offer time-off and emotional and practical support to carers.
Services that promote older people's independence, confidence, and self-esteem.
Information and advice that enables informed choices to be made and promotes benefit
entitlement.
Services that promote older people's physical and mentsl wellbeing.
A range of leisure and learning opportunities that provide enjoyment and mental stimulation.
Services that aim to help frail older people avoid unnecessary hospital admissions.
Services that help older people manage their long-term conditions and get the most out of life.
Representing the wants and needs of local older people to local decision makers.
Working in partnership with other agencies to deliver services and influence service design.
Volunteers
We have been incredibly lucky to have recruited many volunteers to support us in the running of
services. As of March 2025, we had 107 active volunteers with 19 in progress. They truly are a
resource of which we could not do without, and Exeter can be proud.
Page 3

Age UK Exeter
Trustees, Report
Area of work
Servicesloffer
How we meet our aims
Social activities and group
work
Chair based weekly
exercise classes.
We run a range of activities to
help older people to feel and stay
connected, stay active and
reduce loneliness and isolation
Digital workshops
Qigong weekly classes
Weekly tea dance
Singing for memory
classes (Sycamore
singalongs)
Craft Group
Sycamore Lunch club
Ad hoc events and trips to
mark the seasons and
special weeks such as
carers week and
volunteerfs week.
We run day seNices over the
week supporting people living
with a dementia as well as a
cognitive impairment. This is
safe and stimulating person
centred space for older people.
We also offer support for carers
from signposting to 121 support.
Our budding friend's allotment
group meets every Monday. It
provides an outside space to
garden and enables the carers to
garden or sit and talk with other
carers whilst the people they care
for are supported by volunteers.
Supporting over 200 older people
every week with various tasks to
enable them to stay as
independent as possible.
The forum is for anyone over 50
and gives people the opportunity
to be heard by professionals,
other partners, or people who
they choose to come and speak.
Its aim is to focus on any
barrierslconcernsl challenges to
ageing well in Exeter and what
the solutions might be.
This offers a free and confidential
information and advice
appointment service. This can be
done by phone or face to face
and is for anyone over 50, their
families or carers.
Dementia support including
day care.
Sycamore Days Day
Service
Budding Friends, allotment
dementia support.
Provide a home support
service.
Enabling and Home
Support Service.
To ensure effective
consultation and
engagement
Set up a forum for over
50's
To offer free information
and advice
Informatlon and Advice
Service
Page 4

Age UK Exeter
Trustees. Report
Running 3 days perweek
supporting people at home
unable to carry out the
tasks themselves
The handyperson projects offer
low costs low level jobs such as
rep5acing a light bulb or tap
washer. This enables older
people to stay in the home of
their choice for as long as
possible and stay as independent
for as long as possible.
To set up a handyperson
project
Offering regular
supervision, clinical
supervision and access to
employee assistance
services
Our staff are key toAge UK
Exeter. They work hard and we
dc all we can to support them in
their role5.
To ensure staff wellbeing is
a priority.
Other vital Services provided.
Home from Hospital- Reducing preventable admissions and re-admissions by supporting patients
over 50. Age UK Exeter has coordinators working in the Royal Devon University Healthcare
Foundation Trust, as part of the Acute Care of the Elderly team. Patients or their families often need
additional support to ensure suitable care is in place when returning home. Our staff will look to
provide support, signpost or coordinate where they can.
Volunteer Visiting- This project is usually for those lsving alone and experiencing isolation. They are
visited by volunteers who offer company and social support. The volunteers are from all walks of life,
both younger and older, and make regular home visits, staying and chatting for about an hour a week.
Time for You volunteer sltting service- This is a sitting service where a volunteer provides regular
or ad-hoc respite for a carer caring for an older person.
Carellne Calls Service- Careline offers a chat and social support through telephone contact on a
regular basis for people living alone with reduced social outlets.
Carers Support Groups and Carers Support Calls- Our carers service offers people the opportunity
to talk to our carers lead who can advise. signpost to other appropriate services and provide a
listening ear. We can also support carers through regular telephone calls, giving them the opportunity
to talk and be heard.
Over 50's Forum- This is a space for older people to be heard and have a voice on all aspects that
may be a barrier to positive ageing in Exeter. Speakers are invited to come and talk about initiatives
and providers of services are asked to come and give updates.
Page 5

Age UK Exeter
Trustees. Report
Listening and Learnlng
We undertake a yearly Satisfaction and Wellbeing Survey to hear from our clients and better
understand their needs. In 2024, we heard from 157 clients, with 450/0 of respondents in the 81-90 age
category. 920/0 of clients suNeyed were very satisfied with the services they received from Age UK
Exeter. Health was the main concern of our respondents, followed by digitalisation and loneliness.
Achievements and performance
But in all this dartness there was one guiding light.. the open, understanding, empathetlc anns of Age
UK Exeter. They brought and dad into their family of 'Budding Friends, who gardened, drank tea,
and laughed together. They welcomed dad lo Iheir day care Whe￿ he beamed and jigged to his
favourite rock and roll and, incredibly, where they discovered he still had the coordination to play table
tennis for hours! They enveloped him in joy. companionship, play and clever disfrdction. while
scooping up mum in friendship and kinship. Day care and budding friends, family member
Through its services and activities. Age UK Exeter has continued to promote later life and positive
ageing. Over the last year we regularly supported over 1,700 clients per month, which is an increase
on the previous year. We also had contact with over 2,500 older people per month.
With ageism still a factor today, found in workplaces and in our media, all the services and activities
we run are designed to be inclusive and respectful. Ageism is not accepted at Age UK Exeter orwthin
the partnerships and collaborations we are involved in.
At eighty, there somgtim9s seems that thgre is little conversation to be had with the modem world..
however AUKF throiigh its staff revives one'.8 hAli8f in a canng worfd- Thank you. A great poet, W. B
Yeats reminded us, "I have spread my dreams beneath your feet. tread softly bec8use you t￿ad on
my dreams." A client who receives enabllng and home support
One of Age UK Exeterfs unique selling points is that the staff across Ihe whole organisation work hard
to ensure the experience for the service user or carer is as joined up as possible. There is a lot of
cross referring.
Our infomiation and advice seNice saw 580 clients this year, many of whom needed more than one
visit. This is almost a 20 h increase on the previous year.
When a programrne of Ga￿ is agreed, everything possible is done to keep it flowing. There is always
a friendly ear when further aid is requested. Age UK Exeter allows me to live alone at home. Client
who receives Enabling, Info and Advice. Volunteer Wisiting and Hospital to Home.
Our handyperson supported 285 people in their own homes. This project works hand in hand with
older people to ensure they can stay in the home of their choice for as long as possible. This project
was new this year, so we have no comparable figU￿S.
Our h05Pital to home project supported over 600 older people who have recently come out of hospital.
This project focuses on enabling people to remain at home and works hard with professionals and
families to reduce re-admission.
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Age UK Exeter
Trustees. Report
Until I contacted AUKE, I felt very alone and frightened, but now I know there is help out there 8nd this
is very comforting. Cllent being supported thmugh the enabling seNice.
I go to the seated exercise class, and it has helped enormously with my mobility.
Cllent who attends the exercise classes
We are still facing considerable financial challenges and operate a full cost recovery model. We took
on a fundraising company called Competitive solutions who brought in £85,242 in the year.
We work hard to balance costs to clients whilst ensuring that our services are priced well and offer
good quality and value.
We hosted our first Soul in the City gospel choir fundraiser in St Thomas. This was a huge success
massively helped by being chosen to be the Soul in the cty charity of the year.
We were also lucky to be chosen as the charity of the year by the Business at Breakfast partnership.
We ran a series of spring lectures where we focused on later life and retirement planning.
We were delighted to work with the Royal Society of Arts on a project that brought together
representatives of older people with representatives of the main sectors of society - RSA Fellows,
business, academia, the public sector and not-for-profit organisations. The aim was to explore their
rightful vested interests in the issues faced by older people, to share ideas on maximising the
opportunities for the skills and experience of older people to contribute to the community, and to
mobilise new resources to enhance the provision of social and health support.
We hosted our third church service at St Marks in December where we had a dementia choir and a
speaker from Devon NHS partnership hub. The turnout was much better than the previous years. low,
but the choir were great and really showcased the organisation well.
We are incredibly proud of the staff and volunteers who make the charity what it is today and of the
reputation we hold in the city for the quality of our services and the care and commitment of our staff
and volunteers.
Structure, governance and management
Nature of governing document
The charity is registered as a charitable company limited by guarantee and was set up by a
Memorandum of Association on 3 April 1992. The principal objects of the charity are to work to
improve later life for everyone in and around Exeter by providing life enhancing services and vital
support. There have been no changes in the objectives since the last annual report.
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Age UK Exeter
Trustees, Report
Recrultment and appointment of trustses
The directors of the company are also charity trustees for the purposes of charity law. Under the
requirements of the Memorandum and Articles of Association the trustees shall be not less than five.
Charity trustees shall hold office for an initial term of three years and may be reappointed for further
terms of three years each, save that the Chair may only serve for a maximum of six consecutive
years.
The Board of Trustees seeks to ensure that awareness of the needs of older people in Exeter and the
best interests of the charity are reflected in the makeup of the trustee body by recruiting members with
appropriate experience, knowledge and expertise. This includes health and social care, legal, social
policy, HR, business, and financial expertise. The trustees monitor the skill mix and representation of
the Board at regular intervals to inform its recruitment process. In the event of skills being lost due to
end of service or retirement, individuals are approached to offer themselves for election to the Board
or vacancies are advertised on the charitls website andlor social media channels.
Induction and training of trustees
Following an expression of interest. a prospective trustee will meet with the CEO to discuss the role of
trustee. If both are in agreement, they will meet with the Chair of trustees to discuss further interest.
expertise, suitability, and whether to proceed. If all parties are in agreement, they are then invited to
attend a Board meeting as an observer. Following this, they will, if proceeding, follow due diligence
and receive the relevant papemork and complete an enhanced DBS check. If all documents are
received and approved, the trustee can be COvOPted at the next Board meeting. Official approval and
appointment take place at the AGM which usually meets in October of each year. On co-option,
trustees will receive-
Welcome letter including link to Age UK Exeter website and policies, Charity Commission and
National Council for Voluntary Organisations (NCVO) and invite to insighuinduction morninglor
condensed training.
Trustee Handbook
Current strategy
Goveming Document
Last annual report
List of committees
Two previous Board minutes
Link to financial records
Dates of meeting5 for coming year.
Pay policy for senior staff
The Finan￿ committee reviews the salaries of senior staff and makes recommendations to the
Board, taking into account market information, and cost of living and wage indice5.
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Age UK Exeter
Trustees, Report
Organisational structure
The charity has a Board of Trustees who meet formally bimonthly and are responsible for the strategic
direction and governance of the charity. The Board has 7 members {as of 31 March 2025) from a
variety of backgrounds relevant to the work of the charity. It also has a finance sub-committee made
up of 4 members of the Board, including the Chair and the Treasurer. This committee meets monthly
and reports to the main Board. It also has a Risk and Quality committee, with 4 members comprising
3 trustees, the CEO and Governance Lead. This committee meets bimonthly and reports to the main
Board.
The CEO has overall responsibility for the organisation. the Governance Lead has oversight of all
governance of the charity and the HR and Finance Manager has responsibility for maintaining
financial procedure5, the production of monthly management accounts, staff payroll and for personnel
functions.
Related Parties
Age UK Exeter works with both Devon County Council's Adult and Community se￿ices Directorate
and with Devon NHS, through our local Integrated Care Boards, the RD&E Hospital Trust and Exeter
Primary Care. The charity also has links with Exeter Cty Council and has good working relationships
with relevant local charities. The charity seeks to inform the development, design, and delivery of local
services for the benefit of older people and to campaign on issues of local importance. The CEO is
currently on the ne￿Ork committee of Age UK and chairs the Age UK Southwest regional meeting
which meets quarterty. This enables the charity to keep abreast of regional and rsational issues of
relevance and advocate for older people locally.
Age UK Exeter is a brand partner of Age UK.. Age UK Exeter is subject to Age UK'S quality assurance
scheme to ensure good quality standards across the Age UK network and achieved the Charity
Quality Standard in February 2023. HR support and guidance is provided by a national contract
funded by Age UK and provided by Stephens Scown solicitors, HR Express service.
Rlsk Management
The trustees acknowledge that risk management is the responsibility of the Board of Trustees. The
Board has therefore agreed a Risk Management Policy which balances the charity's need to take
risks in pursuance of its charitable purposes with their duty to ensure that the charity's financial and
legal standing and the quality and safety of its operations are not compromised.
The Risk and Quality committee takes responsibility for compiling and updating the Risk Register in
consultation with the Governance Officer, Finance committee. and the CEO. The Board also reviews
the Risk Register at every meeting. The Board, in consultation with the CEO agree the actions
necessary to mitigate risk and these form part of the strategic and operational plan for the following
year.
Financial management accounts are produced on a monthly basis and include full cost recovery. The
Finance committee reviews performance based on this detailed information each month and reports
to the full Board after each of its meetings.
Page 9

Age UK Exeter
Tru5tees' Report
Hawksmoor investments manage the charitvs investment portfolio as has been the case for a number
of years now. This fund is managed in line with our chosen risk, return and investment policy and
formal reporting is received quarterly with an online portal allowing assessment of value at any time.
Intemal risks are minimised by the implementation of procedures for authorisation of all transactions
and projects and a system of regular supervision and appraisal is in place to ensure consistent quality
of delivery of all operational aspects of the charity. Employment risks have been minimised by
accessing Stephens & Scown Solicitors whom we access via Age UK. The Board has also developed
and approved a range of policies to meet the govemance, legal and best practice needs of the charity.
and these have been implemented during the year.
Major risks identified by the processes detailed above have been examined and controls introduced
where necessary to mitigate those risks. However, it should be emphasised that these controls can
only provide reasonable but not absolute assurance that risks have been adequately mitigated, given
the financial uncertainty of the charitable sector.
Fundraising activities and income generation
Age UK Exeter are grateful for grants totalling £60,542 including sums from the Haramead Trust,
Mcclay Dementia Trust, J Winterbottom N Spicer Charity, Health Inequalities Fund, 1961 Trust,
Garfield Weston. NHS, National Lottery and Age UK National.
Donations for the year totalled £37,115 with legacies reflecting £36,268 and fundraising events
providing for £8,802. Income generated from charged for services brought in £599,618 in the year.
These include our Enabling and Home Support service, Sycamore Day Service, Handyperson service
amongst other support services we provid8 to the community.
Total income reflected in the year equates to £751,308.
Investment policy and performance
The Board of Trustees has agreed on a policy of holding fixed interest, property, and equity
investments. The Board adheres to a medium risk investment policy, and the investments are
managed on a discretionary basis by Hawksrnoor Investment Management. The underlying
investments increased in value by £5.971 during the year. There were investment management costs
of £636.
The tnjstees have chosen to retain the investment income to reinvest to enhance capital growih in the
longer temi. The Board have also opened additional short term deposit accounts to spread cash risk
across multiple sources.
Going Concern
After making appropriate enquires, the trustees have a reasonable expectation that the charty has
adequate resources to continue for the foreseeable future. For this reason, they continue to adopt the
going concem basis in preparing financial statement5.
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Age UK Exeter
Trustees. Report
Reserves Pollcy
The Board of Trustees has determined a policy that, wherever possible, the charty should hold
reseNes of investments and cash equating to no less than 3 months and no more than 6 months of
the charitys overall running costs. Where services are at risk and need to be sustained while new
sources of funding are sought, the Board agrees that reserves may fall below the level equating to 3
months running costs but should not drop below the level of £200,000 without further authorisation
from the Board. Expenditure for the year was £954.262 and therefore reserves should ideally stand at
no less than £238,565 and no more than £477,131. This increase in reserves reflects the underlying
increase in operating costs borne by Age UK Exeter and the risk awareness of the Board to
implement strategic gateposts to raise awareness.
Financial review for the year
We closed the year with a loss of £50,534 which includes a revaluation of property of £146,449.
Without these gains, we see an operating loss of £196,983.
Income received from grants and legacies outperformed expectation which compensated for losses
seen within specific arms within the organisation.
Our enabling seNice provided most of the income reported in the year, however our Sycamore Days,
Hospital to Home and Wellbeing Exeter also contributed highly. As denoted in the Trustee Report, we
have developed a clear five-year plan which sets out expectations so that the Charity remains in-situ
for many years to come. Our focus will be on growing our community and engagement wrth corporate
entities, developing services for people living with dementia and their carers and continually looking at
our service offering to ensure we exceed our own high expectations.
Although our income has decreased by 12 % against the prior year, costs have decreased by 20/0
which reflects both the impact of inflation, economic stresses and the operational changes that have
already been addressed by AUKE. It was with great sadness AUKE was forced to sell a property in
the St Thomas area and have since explored opportunities to create a presence in the area.
One key change in the year ended 31 March 2025, was the focus toward grant and bid applications
and fundraising activities. It is both drives, which have enabled the Charity to continue in operation
and to have laid the groundwork for new and exciting initiatives, which will better serve the local
community.
We have revisited our Full Cost Recovery modelling and have improved our budget controls to
however there is still a strong reliance on donations and legacies to which we are incredibly grateful.
Without these kind and generous receipts, the charty would not be in service.
We continue to work tremendously hard to achieve a profitable mix be￿een paid for services
alongside charitable assistance with our efforts closely monitored by the monthly meeting of the
Finance Committee, which reports to the Board.
Principal Fundlng
The chariws main sources of funding were grants (90A), commissioned services under contract to
Devon Counly Council and RD and E Hospital Trust (6 % ), fees for charged for services (70°fi). and
donations and legacies (150/0).
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Age UK Exeter
Trustees. Report
Statement of trustees. responsibilities
The trustees (who are also the directors of Age UK Exeter for the purposes of company law) are
responsible for preparing the trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice>, including FRS 102 "The Financial Reporting Stsndard applicable in the UK and
Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financial statements unless they are satisfied that
they 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 its income and expenditure. of the charitable
company for that period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and apply them consistently-
observe the methods and principles in the Charities SORP-
makejudgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statement5 comply with the Companies Act 2006. They are 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Disclosure of Informatlon to auditor
Each trustee has taken steps that they ought to have taken as a trustee in order to make themselves
aware of any relevant audrt information and to establish that the charity's auditor is aware of that
information. The trustees confirm that there is no ￿levant information that they know of and of which
they know the auditor is unaware.
The annual report was approved by the trustees of the charity on
behalf by=
z///o/?f
and signed on its
arren Burr
Chairman and trustee
Page 12

Age UK Exeter
Independent Examiner's Report to the trustees of Age UK Exeter ('the
Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 March 2025.
Responslbilities and basis of report
As the charity's trustees of the Company (and also lis directors for the purposes of company law) you
are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 20061'the 2006 Act.).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination
of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5>(bl of the 2011 Act.
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination
because l am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confim that no matters have come to my attention in connection
with the examination giving me cause to believe:
1. accounting records were not kept in respect of Age UK Exeter as required by section 386 of the
2006 Act" or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination., or
4. the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities lapplicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
rt Carrington FCA
For and on behalf of Westcotts (SW) LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Date..
Page 13

Age UK Exeter
Statement of Financial Activities for the Year Ended 31 March 2025
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
funds
Restrlcted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investment income
119,817
528.245
7,880
7,437
15,634
71,373
922
135,451
599,618
8,802
7,437
187,943
614,645
12,492
5,565
Total income
663,379
87,929
751,308
820,645
Expenditure on:
Raising funds
Charitable activities
Other expenditure
(31,408)
(731.520)
(93.818)
(31 ,408)
(829,036)
(93,818)
(21,788)
(850,871)
(97,516)
Total expenditure
Gainsl{losses) on
investment assets
(856,746)
(97,516)
1954,262)
(872,659)
5,971
5,971
5,806
Net expenditure
Transfers between funds
(187,396)
(44,073)
(9,587)
44,073
(196,983)
(46,208)
other recognised gains
and losses
Gainsl(losses) on
revaluation of fixed assets
146,449
146,449
Net movement in funds
(85,020)
34.486
(50,534)
(46,208)
Reconciliation of funds
Total funds brought forward
863,648
8,851
43,337
872,499
918,707
Total funds carried forward 19
778,628
821,965
872,499
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 19.
The notes on pages 17 to 33 fomi an integral part of these financial statements.
Page 14

Age UK Exeter
(Registration number: 02703636)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
14
15
522,499
119,567
711,138
113,317
642,066
824,455
Current assets
Debtors
Cash at bank and in hand
16
58,817
207.241
155,701
24.822
266,058
180,523
Creditors: Amounts falling due within one year
17
(86,159)
{132,479)
Net current assets
179,899
48.044
Net assets
821,965
872,499
Funds of the charity:
Restricted income funds
Restricted funds
43,337
8,851
Unrestricted income funds
Unrestricted fu nds
778,628
863,648
Total funds
19
821,965
872,499
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under
section 477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities..
The members have not required the charity to obtain an audit of its accounts for the year in
question in accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
The financial statement5 on pages 14 to 33 were approved by the trustees, and authorised for issue
and signed on their behalf by..
arren Burr
Chairman and trustee
The notes on pages 17 to 33 fomi an integral part of these financial statements.
Page 15

Age UK Exeter
Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from operatlng actlvities
Net cash expenditure
Adjustments to cash flows from non-cash items
Depreciation
Investment income
Revaluation of investments
Loss on disposal of fixed assets held for the charity's own
use
(50,534)
(46,208)
1,641
(7,437)
(5,971)
8,315
(5,565)
(5.806)
10
93,818
(146,449)
(114,932)
Gainsl{losses) on revaluation of fixed assets
(49.264)
Working capital adjustments
Decreasel{increase) in debtors
Increase in creditors
16
17
96,884
53,680
(87,295)
4,835
Net cash flows from operating activities
Cash flows from investing activities
Interest receivable and similar income
Purchase of tangible fixed assets
Sale of tangible fixed assets
Purchase of investments
Sale of investments
35,632
(131,724)
7,437
(2,1761
241,805
(915)
636
5,565
(4,662)
14
15
(1,910)
50,888
Net cash flows from investing activities
246,787
49,881
Cash flows from financing actlvities
Repayment of loans and borrowings
17
(100,000)
Net increasel(decreasel in cash and cash equivalents
182,419
(81,843)
106,665
Cash and cash equivalents at 1 April
Cash and cash equivalents at 31 March
24,822
207,241
24,822
All of the cash flows are derived from continuing operations during the above two periods.
The notes on pages 17 to 33 fomi an integral part of these financial statements.
Page 16

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is limited by guarantee, incorporated in England & Wale5, and consequently does not
have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of its registered office is..
The Sycamores
Mount Pleasant Road
Exeter
EX4 7AE
2 Accounting policles
Summary of significant accounting policies and key accounting estimates
The principal 8ccounting policies applied in the preparation of these financial statement5 are set out
below. These policies have been consistently applied to all the years presented, unless otherwise
stated.
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities-. Statement of Recommended Practice (applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
Age UK Exeter 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as
a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually
reviewed and are based on experience and other factors, including expectations of future evenls that
are believed to be reasonable under the circumstances. There are no judgements or key sources of
estimation uncertainty that have a significant risk of causing a material adjustment to assets and
liabilities to be disclosed.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely
equal the related actual outcome.
Page 17

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Income and endowments
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and
settlement date. In the event that a donation is subject to conditions that require a level of
performance by the charity before the charity is entitled to the funds, the income is deferred and not
recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
period.
Legacy gifts are recognised on a case by case basis following the grant of probate when the
administratorlexecutor for the estate has communicated in writing both the amount and settlement
date. In the event that the gift is in the form of an asset other than cash or a financial asset traded on
a recognised stock exchange. recognition is subject to the value of the gift being reliably measurable
with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.
Grants ￿CeIVable
Grants are recognised when the Gharity has an entitlement to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet to be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Investment income
Dividends are recognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consistent with the
use of resources, wtth central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Raising funds
These are costs incurred in attracting voluntsry income, the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charty in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Page 18

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meet5 the definition of a charitable company for UK corporation tax purposes.
Accordingly, the Gharity is potentially exempt from taxation in respect of income or capital gains
received within Gategorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful economic life as follows..
Asset class
Short leasehold property
Fi*(ures and fittings
Motor vehicles
Office equipment
Depreciation method and rate
Straight line - over the life of the lease
200A straight line
250A straight line
250/0 Straight line
There is no charge for depreciation in respect of the Freehold Property, as the residual value is
expected to be at least equal to cost.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at
the balance sheet date. Realised gains and losses on investments are calculated as the difference
be￿een sales proceeds and their market value at the start of the year, or their subsequent cost, and
are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market value at the year end.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposit5, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 19

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the differen￿ between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the
trustees.
Restricled income funds are those donated for use in a particular area or for specific purposes. the
use of which is restricted to that area or purpose.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a paty to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance Df the contractual
arrangements entered into. An equtty instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Recognition and measuren7ent
All financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is nomially the transaction price excluding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liabilty is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled. b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or c> the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another paty.
Page 20

Age UK Exeter
Notes to the Flnancial Statements for the Year Ended 31 March 2025
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Debt instmments
Debt instruments which meet the following conditions are subsequently measured at amortised cost
Using the effective interest method..
(a) The contractual return to the holder is (i) a fixed amount- (li} a positive fixed rate or a positive
variable rate- or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both)
to be linked to a single relevant observable index of general price inflation of the currency in which the
debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the lrfe of
the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent
on futu￿ events other than (1) a change of a contractual variable rate; {2) to protect the holder
against credit deterioration of the issuer., (3) changes in levies applied by a central bank or arising
from changes in relevant taxation or law: or (li) the new rate is a market rate of interest and satisfies
condition (a).
(d) There is no contractual provision that could, by its temis, result in the holder losing the principal
amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to
put it back to the issuer before maturity are not contingent on future events, other than to protect the
holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect
the holder or issuer against changes in levies applied by a central bank or arising from changes in
relevant taxation or law.
{fj Contractual provisions may pemiit the extension of the term of the debt instrument, provided that
the return to the holder and any other contractual provisions applicable during the extended term
satisfy the conditions of paragraphs la) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and
which meet the above conditions are measured at the undiscounted amount of the cash or other
consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions
are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured
at cost (which may be nil) less impairment.
Page 21

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares
(where shares are publicly traded or their fair value is reliably measurable> are measured at fair value
through profit or loss. Where fair value cannot be measured reliably, investments are measured at
cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in
subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost
is measured by reference to the nominal value of the shares issued plus fair value of other
consideration. Any premium 15 ignored.
3 Income from donations and legacies
Unrestricted
funds
General
Restrlcted
funds
Total
2025
Donations & Legacies
Donations
Legacies
30,481
36,268
6,634
37,115
36,268
Grants
Grants
51.542
9,000
60,542
Subscriptions
Memberships
1,526
119,817
1,526
135,451
15,634
Unrestricted
funds
General
Restricted
funds
Total
2024
Donatlons & Legacies
Donations
Legacies
28,658
116,452
28,658
116.452
Grants
Grants
4.662
36,500
41,162
Subscriptions
Memberships
1,671
151,443
1,671
36,500
187,943
Page 22

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
4 Income from charitable activities
Unrestricted
funds
General
Restricted
funds
Total
2025
Day opportunities
Community support services
Advice, information and advocacy
136,132
392,113
18,615
352
52,406
154.747
392,465
52,406
599,618
528,245
71,373
Unrestricted
funds
General
Restricted
funds
Total
2024
Day opportunities
Community support services
Advi￿, information and advocacy
99,201
414,648
737
99,201
463,986
51,458
49,338
50,721
100,059
514,586
614,645
5 Income from other trading activiti88
Unrestricted
funds
General
Restricted
funds
Total
2025
Fundraising events
7,880
7,880
922
8.802
922
8,802
Unrestricted
funds
General
Total
2024
Fundraising events
12,492
12,492
12,492
12,492
Page 23

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
6 Investment income
Unrestricted
funds
Gen8ral
Total
2025
Bank interest received
Income from listed investments
6,522
915
6,522
915
7,437
7,437
Unrestricted
funds
General
Total
2024
Bank interest received
Income from listed investments
3,655
1,910
5,565
3.655
1,910
5,565
7 Expendlture on charitable activities
Unrestricted
funds
General
Restrlcted
funds
Total
2025
Nots
Allocated support costs
Day opportunities
Community support services
Support costs
4,695
91,668
896
257
4,695
633,287
19,816
171,238
541.619
18,920
170,981
731,520
97,516
829,036
Unrestricted
funds
General
Restrlcted
funds
Total
2024
Note
Day opportunities
Community support services
Advice, information and advocacy
Support costs
31,667
368,313
12.227
288,925
701,132
44,756
58,155
46,828
76,423
426.468
59,055
288,925
850,871
149,739
Page 24

Age UK Ex8ter
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Other expendituro
Unrestrlcted
funds
Designated
Total
funds
Note
Depreci8tion, amortisation and other similar costs
93,818
93,818
93,818
Total for 2025
93,818
Page 25

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
9 Analysis of support costs
Day Governance
opportunities
costs
2025
2024
Staff costs
Premises
Finance costs
Expenses
Operating costs
Central costs
Maintenance
Training
Depreciation
58,927
23,457
2,866
19.407
15,242
32,860
6,181
3,285
1,641
163,866
58,927
23,457
10,238
19,407
15,242
32,860
6,181
3,285
1,641
171,238
213,402
17,309
2,459
1.070
7,287
22,293
14,893
1,917
8,315
7,372
7,372
288,925
10 Net incomlngloutgoing resources
Net outgoing resources for the year include:
2025
2024
Loss on disposal of fixed assets held for the charity's own use
Deprecialion of fixed assets
93,818
1,641
8,315
11 Trustees remuneration and 8xpenses
During the year the charity made the following transactions with trustees".
Stephen Noon
Noon Edwards Limited, of which Stephen Noon is a Director, provided both a one-off project and
ongoing financial support of £3,800.00 this year.
No trustees, nor any persons connected with them, have received any remuneration from the charity
during the year (2024.. Nil).
During the year no trustees received any benefits in kind (2024.. £Nil), no trustees received
reimbursements of expenses (2024.. £20).
12 Stsff costs
The aggregate payroll costs were as follows:
Page 26

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
2025
2024
Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
633,439
31,285
26,348
664,328
32,404
27,160
723,892
691,072
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows-
2025
No
21
2024
Number of staff
22
No employee received emoluments of more than £60,000 during the year (2024.. Nil).
The total employee benefits of the key management personnel of the charity were £54,120 (2024
£51,505).
13 Independent examiner's remuneration
2024
Fees payable to the independent examiner for:
Independent examination of the financial statements
2,150
14 Tangible fixed assets
Freehold Fixtures and
property
fittings
Motor
vehicles
Offlce
equlpment
Total
Cost
At 1 April 2024
Revaluations
Additions
Disposals
At 31 March 2025
702,445
146,449
540
(329,434)
16.303
8,637
34,204
761,589
146,449
2,176
341,115
1,396
8,152)
9,547
240
(3,5291
520,000
8,637
30,915
569,099
Page 27

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Freehold Fixtures and
property
flttlngs
Motor
vehlcles
Office
equipment
Total
Depreciation
At 1 April 2024
Charge for the
year
Eliminated on
disposals
At 31 March 2025
8.448
8.637
33,366
50.451
1,302
339
1,641
(1,963
(3.529)
5,492)
7,787
8,637
30,176
46,600
Net book value
At 31 March 2025
520,000
1,760
739
522,499
At 31 March 2024
702,445
7.855
838
711,138
Pag8 28

Age UK Exetar
Notes to the Financial Statements for the Year Ended 31 March 2025
15 Flxed asset investments
Listed
investments
Total
Cost or Valuation
At 1 April 2024
Revaluation
Additions
Disposals
113,317
5,971
915
(6361
113,317
5,971
915
(636)
At 31 March 2025
119,567
119,567
Net book value
At 31 March 2025
119,567
119,567
At 31 March 2024
113,317
113,317
Investments a￿ held at fair value which has been provided by the investment managers, Hawksmoor
Investment Management.
Historical cost of the investments is £95,975.
16 Debtors
2025
2024
Trade debtors
Prepayments
Other debtors
54,277
4,540
78,096
5,545
72,060
58,817
155,701
17 Creditors: amounts falllng due withln one year
2025
2024
Trade creditors
Social investment loan
Other taxation and social securty
Other creditors
Accruals
1,873
157
100,000
7,069
4,208
21,045
132.479
10,082
10,264
63,940
86,159
Page 29

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
18 Penslon and other schemes
Defined contrlbutlon penslon scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the charity to the scheme and amounted to £27,161 (2023
£22,182}.
19 Funds
Other
gains 31 March
l(losses)
2025
1 April Incoming Resources
2024 resources expended Transfers
Unrestricted funds
General
General Funds
63,648
663,379
(762,928) 288,558
5.971
258,628
Designated
Fixed Assets
800,000
93,818
332,631)
146,449
520,000
Total unrestricted
funds
863,648
(856,746
663,379 ￿ 144,073)
152,420
778,628
Restricted funds
Dementia Carer
Support
Hardship and Amenity
Information/Advice
Social Support
Community Activities
Hospital to Home
Health Inequalities
Fund
Royal Devon & Exeter
Claire Milne
3,000
1,958
5,233
(26)
{4,874)
350
8,883
27,202
(6,831)
566
3,333
2,308
17,565
2,118
15.007
48.006
(26,448)
(29,320)
(8,176)
(33,546)
3,893
18,919
5,600
4,010
9,167
5,600
4,010
9,167
8,851
87,929
(97,516
44,073
43,337
Total funds
872,499
751,308
(954,262)
152,420
821,965
Page 30

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
Other
galns 31 March
l(losses)
2024
1 April Incoming Resources
2023 resources expended Transfers
Unrestricted funds
General
General Funds
276,475
684,086
(722,920) (179,799)
5,806
63,848
Designated
Fixed Assets
620,201
179,799
800,000
Total unrestrlcted
funds
896,676
6B4,086
1722,920
5,806
863,648
Restricted funds
Dementia Carer
Support
Hardship and Amenity
InfomiationlAdvice
Wellbeing Exeter
Cost of living crisis
fund
Handyperson fund
Hospital to Home
11,833
1,608
9,000
550
4,000
48,788
(17,833)
(200)
{4,000)
(48,788)
3.000
1,958
6,923
1,667
20,000
7,500
46,721
<26,9231
(9,1671
(42,828)
149,739
3,893
22,031
136,559
8,851
Total funds
918,707
820,645
872,6591
5,806
872,499
Page 31

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
The specific purposes for which the funds are to be applied are as follows:
Dementia Carer is funding towards the purpose of providing support to people living with dementia
and their carers.
Hardship and Amenity is funding towards the purpose of providing financial support for clients who are
not able to support their own care needs.
InformationlAdvice is funding towards the purpose of offering confidential information and advi
appointment services.
Men in Sheds is funding towards the purpose of providing a safe haven for men in Exeter and allow
for the refurbishment of tools and equipment.
Social Support is funding towards the purpose of providing social support to patients in Exeter.
Wellbeing Exeter is funding towards the purpose of increasing communty activities and involvement
in Exeter.
Community Activities is funding towards the purpose of providing muttiple activities such as craft
groups, lunch clubs, exercise clubs and singing events in Exeter.
Cost of living crisis fund is funding toward5 the purpose of providing additional support for the charity
in relation to increases in cost of living.
Handyperson fund is funding towards the purpose of providing handyperson services around the
home.
Hospital to Home is funding towards the purpose of supporting patients and families to ensure
suitable care is in place when returning home from hospital.
The Heatth inequalities fund, the Royal Devon & Exeter fund and the Claire Milne fund are all funds
used for benefits in Exeter.
Page 32

Age UK Exeter
Notes to the Financial Statements for the Year Ended 31 March 2025
20 Analysis of nat assets between funds
Total funds
at 31 March
2025
Unrestricted funds
General
Deslgnated
Restricted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
99,252
119.567
125,968
86,159
423,247
522,499
119,567
266,058
(86,159)
821,965
96,753
43,337
Total net assets
258,628
520,000
43,337
Total funds
at 31 March
2024
Unrestricted funds
General
Designated
Restricted
funds
Tangible fixed assets
Fixed asset investments
Current assets
Current liabilities
90,937
113,317
171,672
{132,479)
243,447
620,201
711,138
113,317
180,523
132,479)
872,499
8,851
Total net assets
620,201
8,851
21 Related party transactions
Trustees made unconditional donations to the Charity during the year, totalling £250 {2024- £4,550).
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PCL XL