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2025-03-31-accounts

Report of Trustees and Unaudited Financial Statements for the year ending 31st March 2025

AGE UK SOMERSET (Company Limited by Guarantee)

Contents

Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details Reference and Administrative Details 3
Company Status 4
Our Governing Document 5
Appointment of Trustees 5
Our Aims and Objectives 6
Areas of Activity 9
Our Services 10
Our Volunteers 13
Quality Marques 14
Risk Management 15
Financial Review of the Year 17
Statement ofTrustees’ Responsibilities 21
Independent Examiners’ Report 23
Statement of Financial Activities Statement of Financial Activities 25
Company Balance Sheet 26
Statement of Cashflows 28
Notes to the Financial Statements 29

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AGE UK SOMERSET (Company Limited by Guarantee)

Reference and Administrative Details 24/25

Trustees, Members and Directors 2024/2025

Chief Executive

Principle Office and Registered Office

Ash House, Cook Way, Bindon Road, TAUNTON, Somerset TA2 6BJ

Solicitor

Porter Dodson, The Quad, Blackbrook Park Avenue, TAUNTON, Somerset TA1 2PX

Independent Examiner

Chris Trantham FCA, Bishop Fleming Audit Limited, 10 Temple Back, Bristol BS1 6FL

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AGE UK SOMERSET (Company Limited by Guarantee)

Related Parties

Age UK Somerset was an active member of the Age Concern Federation until its demise on 31 March 2011 and has subsequently taken membership of the Age England Association, its successor. In addition, Age UK Somerset has continued to work in active partnership with Age UK and became a Brand Partner with them in October 2010. We are independent charities that govern our own organisations and raise our own funds. We each offer frontline services and share a common purpose: To improve the quality of life of all older people .

Partnership activities during the year have centred around supporting older people through the Networks free to access information and advice service, towards which we are undertaking accreditation to the I&A Quality Programme.

2021/22 Age UK Somerset agreed to receive a sum of £21,423 from The Taunton Cider Charitable Trust. The Trust was set up to aid pensioners of the former Taunton Cider Company who needed some financial help. The Trust transferred the money on the basis that, for a period of 5 years (from March 2022), Age UK Somerset would assess and pay any claims from pensioners. The Trust was subsequently wound up. During 2024/25 assistance was sought of Age UK Somerset and awards were made totalling £3,370. Since the financial year end further claims have been received and processed.

The Charity's wholly owned subsidiary, Age UK Somerset Trading Limited, was established to operate its trading activities. Age UK Somerset Trading Ltd ceased trading on 22 January 2020.

Administration of the Charity

The Trustees, who are also directors for the purposes of the Companies Act, present their report and the financial statements of the Charity for the year ended 31 March 2025. This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Company Status

The Charity is a company limited by guarantee and does not have a share capital. Each member of the company (the Trustees) undertakes to contribute to the assets of the company if it is wound up during the time that he or she is a member, or within one year afterwards, for payment of the debts and liabilities of the company contracted before the time at which he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves, such amounts as may be required not exceeding £1.

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AGE UK SOMERSET (Company Limited by Guarantee)

Our Governing Document

Age UK Somerset is a company limited by guarantee governed by its Memorandum and Articles of Association dated 26th May 1992, which were amended to allow for current governance arrangements and extend the geographical area of benefit on 28th August 2003.

New Memorandum and Articles of Association were adopted on 20th September 2023 to allow Trustees to serve a total of four times three-year terms of office, previously three times three-year terms of office. We are registered as a Charity with the Charity Commission.

The Board of Trustees, which must have a minimum of 5 members, administers the Charity. The Board meets regularly throughout the year and transacts all the main business of the organisation.

The Trustees are volunteers and take no remuneration.

The Trustees form sub-committees when required, for example Finance, and if necessary, officers will determine decisions in between regular meetings and seek ratification at the next regular board meeting.

A Chief Executive is appointed by the Trustees to manage the day to day operations of the Charity. To facilitate effective operations the Chief Executive has delegated authority for all operational matters within the terms of delegation as approved by the Trustees.

The Trustees

The Trustees, who are also directors of the company for the purposes of company law, are appointed by the members of Age UK Somerset at the Annual General Meeting of the company in accordance with the company's Articles of Association. In addition, the Trustees may appoint persons to fill any casual vacancies which occur during the year and may also co-opt a limited number of additional persons to the Board.

Within our Board of Trustees, we aim to have and recruit a wide range of skills and complimentary specialism, for example, persons from a legal, financial and health background.

At each AGM one third of the Trustees who are subject to retirement by rotation shall retire from office.

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AGE UK SOMERSET (Company Limited by Guarantee)

Unless notified in writing by the Trustee, the date of appointment of a new Trustee is taken as the date of resignation of the previous Trustee. The Chair is nominated from existing Trustees where possible, but if there are no interested candidates then this would be advertised externally.

Trustee Induction and Training

New Trustees undergo an induction session to brief them on their legal obligations under charity and company law as well as providing a broad picture of the activities of the Charity and its policies and procedures.

This is encompassed in a Trustees' Handbook which is regularly updated.

Aims and Objectives

The legal objects of the Charity are to promote the wellbeing of older people within the area of the administrative County of Somerset and the unitary authority area of North Somerset. The Charity has the general aim of contributing to the quality of life of older people within its area of benefit, and this has been embodied within its mission statement.

Our vision for what we want for older people in our area is quite simple:

That older people, their families and carers, have opportunities and access to information and services that enable them to make choices so that they experience fulfilment and satisfaction in later life.

Our mission therefore encompasses what we will do to make the vision a reality:

As an organisation, and working with partner organisations, to provide We will put the needs of older people at the heart of all we do by providing valued services and promote the wellbeing and independence of older comprehensive and accessible information and services. people, in all their diversity, helping them live longer and better.

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AGE UK SOMERSET (Company Limited by Guarantee)

The values we seek to promote include:

Celebrating diversity and always offering equality of opportunity.

In dealing with each other and with all older people, all staff, trustees and volunteers will demonstrate:

Care

Moving Forward

The main objectives for the coming period are as outlined in the Age UK Somerset Strategic Plan 2022 -2026 with the overarching strategic themes:

Maintain and develop our services in response to local needs

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AGE UK SOMERSET (Company Limited by Guarantee)

Be a financially sustainable organisation

During the period the trustees have been developing, consulting on and refining a new Corporate Strategy which will be adopted during 2026 and cover the period 2025 to 2032.

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AGE UK SOMERSET (Company Limited by Guarantee)

Our Areas of Activity

The main areas of activity continue to be the delivery of direct services to older people; promoting partnership and co-operation with other organisations concerned about meeting the needs of older people; involving older people in order to ensure that their voices were heard; campaigning and developing new work projects.

The delivery of direct services to older people is at the heart of what the Charity does. All our services are aimed to improve the wellbeing and quality of life of and for older people.

Much of the work in 2024/25 has been about continuing the recovery, and maintenance of service levels which are now considered to be back to the prepandemic levels combined with the consolidation and management of expenditure further to the loss of substantial public sector funding in the year to ensure our ultimate services are not impacted. We look to promote the wellbeing benefits that can be achieved by participation in group activity, which has been achieved due to the dedication of staff and volunteers and the value older people have continued to place on Age UK Somerset services.

The Wellbeing Service, whose focus is reducing loneliness and improving emotional, mental and physical wellbeing by creating new friendships and providing enjoyable conversation to brighten the day, continues to grow, and has been considered a main focus of the government scheme of the Household Support Fund.

The Cognitive Stimulation Therapy service (which helps slow down the initial progress of dementia) continues to benefit the community and Age UK Somerset continues to seek external funding to ensure the viability of these sessions can be maintained and to enable the reduction of the cost to participants ensuring the service can be accessible to all.

The charity remains grateful to the many organisations that help fund the work Age UK Somerset does. This enables 7 of the 11 services offered, to be free to the client. Thanks go to the National Lottery Communities fund, Community Council for Somerset, Somerset Community Foundation, Somerset Council, North Somerset Council, Age UK national, The Somerset ICB, the Bristol, North Somerset and South Gloucester ICB’s and many others, mentioned elsewhere in this report.

The Charity continued to have a role to play in campaigning on a variety of issues relevant to older people and developed work with Age UK on topics such as winter fuel payments, pension reform and paying for care. This is an area of work that continues to develop.

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AGE UK SOMERSET (Company Limited by Guarantee)

Delivering Public Benefit

All of the activities of Age UK Somerset are aimed at promoting the welfare of older people across Somerset and North Somerset and are designed to provide support and/or activity that enhances our beneficiaries' quality of life.

The impact of our work is demonstrated by the regular and hugely positive feedback received from our service users. This feedback is regularly monitored and is an important component in our constant review and improvement process relating to our service delivery.

The following section of this report shows the scope of our work. The Trustees have had due regard to the Charity Commission guidance on public benefit.

Our Services

Information and Advice (l & A) is delivered throughout Somerset and North Somerset providing older people and their families with information and advice on matters of concern to them, assisting them to make decisions.

This service is primarily delivered from a central office location, which handles the majority of enquiries via the telephone, as well as online enquiries. A small team of community based I & A volunteers take the service to locations across our area making the service accessible to more older people. The central office team also hold regular surgeries throughout the area.

Age UK Somerset helps many vulnerable and elderly people each year who had been victims of scamming and many awareness raising sessions are held to equip people who may be targeted.

The team deal with over 8200 enquiries each year.

Included in this work was the support to clients in applying for benefits totalling £6.1m last year (increase of 23% on the prior year), including Attendance Allowance and

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Disability Living Allowance, with successful claims bringing in an estimated £2.3m into the local economy and having a significant impact on the individuals.

Ageing Well is the service that provides older people with opportunities to get together to stay fit and active.

During the year over 4,500 classes were held right across Somerset and North Somerset in dozens of accessible locations.

The classes cover a range of activities from traditional chair-based activities such as Flexercise led by trained Volunteers, to Movement to Music, Yoga and Tai Chi

sessions to name a few that are led by paid qualified instructors. A number of activities have been set up specifically to cater for the preferences of older men.

We also run Otago classes, which are specifically tailored to those who wish to "Stay Strong, Stay Steady" via our Falls Prevention services. To help those with mobility issues we also run ‘Get Strong, Get Steady’ ~~.~~ With our Falls Prevention classes , we believe all older people should have the opportunity to regain/maintain their strength and balance and thereby reduce the risk of slips, trips and falls, Trustees have fully supported this activity while we hope to secure local authority funding in the future.

We continue to ensure all our venues are accessible, safe and in a variety of locations.

The Toe Nail Cutting Service , which had been previously part-funded by the Somerset Partnership NHS Foundation Trust, is available to older people with the aim of

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AGE UK SOMERSET (Company Limited by Guarantee)

improving their quality of life and mobility, we have seen increasing numbers of clients registered to the service.

Cuts are delivered by trained assistants, mainly in clinic settings across the county, usually four times a year.

This vitally important service caters for some 800 older people.

As some of the cuts are provided in clients own homes we are required to be registered with the Care Quality Commission (CQC) and subject to an annual audit. We are currently rated a 'Good' service by the CQC.

Our Wellbeing Services are about combating the loneliness and isolation of older people across Somerset

and North Somerset by improving emotional, mental and physical wellbeing; creating new friendships; providing some enjoyable company and conversation to brighten the day. All wellbeing services are free to access, and incorporate:

Our Active Befriending Service matches a trained volunteer to provide one to one support to individuals including encouraging and enabling them to access services and activities in the community whenever possible or simply offering someone to talk to while enjoying the benefits that getting outdoors for a walk and being more active can bring. We also offer a Befriending Service to those with mobility limitations providing companionship and a window to the outside world.

Our Friendly Phone Call service in partnership with Open Mental Health, is offered for those that suffer mild to moderate depression and anxiety or would appreciate having a regular telephone chat with a friendly volunteer in preference to a face-to-face visit. On average around 165 individuals are supported each month.

Our Chat and Map service was introduced with help from the National Lottery. We visit the homes of older people offering a holistic approach to solving a wide variety of issues that may be affecting the quality of life of an older person. Together, we carry out an assessment ‘map’ of daily life, looking to provide solutions to help make the daily life that much better. Issues uncovered range from struggling with rising bills, feeling isolated and lonely, or having trouble coping in their homes. Solutions may be provided through connections to other elements of the Wellbeing Service, or other Age

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UK Somerset services, occasionally referrals to outside organisations Over 400 older people had a home appointment with the Chat and Map team last year.

Cognitive Stimulation Therapy is a service that can help those with a recent diagnosis of dementia, buy some more time. It is non-pharmaceutical intervention and provides a safe space for people to enjoy life now and spend time with others in a similar situation.

Our Wonderful Volunteers

We have had another very successful year in terms of recruiting and retaining volunteers.

We are proud to have 410 active volunteers as part of our team.

Our volunteers have roles in our Ageing Well, Information & Advice, Chat & Map, Wellbeing services and, Cognitive Stimulation Therapy as well as providing administrative support.

We want to make the volunteers feel appreciated and as part of that process we run a number of 'Thank You' events during Volunteers' Week each June and also in December. The volunteers have indicated they value these. We are grateful to the many business who support this activity through donations of time and facilities.

We also encourage volunteers to give feedback in order for us to improve their experience and our services for the clients that they visit. The Chief Executive fronts regular meetings with volunteers to gain their valuable feedback. We also kept in regular touch by email and our 'Voice' online volunteer magazine.

Whilst it is difficult to calculate, we estimate that each year our volunteers contribute around 50,000 hours helping to make our services both successful and very cost effective. If we apply the minimum wage to the hours they give, this amounts to well over £650,000 and many of the tasks would be valued much higher than the minimum

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AGE UK SOMERSET (Company Limited by Guarantee)

wage. The value of this unpaid volunteer time is not able to be recognised in the Financial Statements as stipulated by accounting rules.

The organisation, along with those who benefit directly from the activities they undertake, greatly value the contribution volunteers make to the organisation and to the lives of older people.

The organisation, along with those who benefit directly from the activities they undertake, greatly value the contribution volunteers make to the organisation and to the lives of older people.

Quality Marques

The Charity Quality Standards for the Age UK network verify that Age UK and its partners are well-governed and effective organisations committed to the wellbeing of older people, staff and volunteers and to working in partnership with others. The Standards are externally assessed by industry leaders SGS and endorsed by the Charity Commission.

Age UK Somerset has held the Charity Quality Standards since May 2018. During 2023 the Charity successfully underwent inspection of this and retained the CQS quality marque, the next inspection is due during the second half of 2025.

In addition to the above, the Information & Advice service is in the process of attaining the rigorous standard necessary to be awarded the Information & Advice Quality Programme (IAQP).

The Chief Executive is the Registered Care Manager and the organisation is registered to provide 'personal care' by the Care Quality Commission (CQC) in relation to its Toe Nail Cutting service.

The last two assessments by the CQC resulted in Age UK Somerset being given a classification of 'Good'.

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AGE UK SOMERSET (Company Limited by Guarantee)

Risk Management

The Trustees have in place a formal risk management process to assess risks and implement risk management strategies for the Charity and its subsidiary trading company.

This process includes review by Trustees and senior managers.

The process identifies the types of risks faced, prioritises them in terms of likelihood of occurrence and potential impact and identifies the means of mitigating these risks.

Key strategic documents reviewed and continually updated by the organisation include:

The Business Continuity Plan

The Strategic Business Plan.

Key risks that are continually monitored by the organisation include:

Safeguarding Risks

Safeguarding of all our elderly clients, Volunteers and Staff is key for Age UK Somerset. Detailed policies and procedures are regularly reviewed, full training is provided for all our Volunteers and Staff and an 'easy read' procedure guide is provided. We maintain a regular and positive relationship with both the Somerset and North Somerset Safeguarding Boards.

Threats to Staff & Volunteers' Safety

All staff and volunteers go through an induction process. Relevant policies relating to both financial and personal safety are regularly updated (on a rolling basis) by the Trustees, Chief Executive and Head of Support Services. All policies are available to Volunteers and Staff at all times at Ash House and remotely via The Hub portal.

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AGE UK SOMERSET (Company Limited by Guarantee)

l.T. Failure

As with many organisations, both large and small, we rely heavily on I.T. for banking, finance recording, secure data capture etc.

We retain the services of a Devon based company called I.T. Champion to support us in our l.T. infrastructure requirements and regularly discuss with them any improvements we could make.

Financial Fraud

We adhere closely to a Financial Internal Controls policy and accompanying checklist formulated on the recommended Charity Commission templates available on their website, to safeguard the Charity from potential fraudulent acts impacting on our banking and financial processes.

The Risk Management process is reviewed annually and monitored during the year by Trustees.

Relevant Age UK Somerset policies and assessments* are reviewed by the Board of Trustees on a periodic rolling basis.

*Each 'Service' has its own risk assessment(s). Each time Age UK Somerset has a new activity or service, a full risk assessment is completed.

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AGE UK SOMERSET (Company Limited by Guarantee)

Financial Review of the Year

Statement of Financial Activities

Total income from all sources was £948,045 ( 2024: £1,043,331 ) a decrease of £95,286 (9.1%) ( 2024: increase £103,514 and 11.0% ) from the previous year.

No trading activities were carried out during the year through the Charity's wholly owned subsidiary trading company.

Balance Sheet

At the year end the Charity's net assets stood at £592,824 ( 2024: £650,072 ) of which £281,498 ( 2024: £218,776 ) was in restricted funds. Details of the funds and the movements therein are given in Notes 19 and 20 to these accounts.

Summary

There was an overall deficit of £57,248 ( 2024: £22,399 ) an increase in deficit of £34,849 (155.6%) from the previous year.

The financial position of the Charity follows a very difficult period following the pandemic, and i t's residual impact of local authorities ability to support funding applications. We have been fortunate to secure additional funding to alleviate the gap this has created following successful grant applications to other sources for specific pieces of work to aid cost of living support and falls prevention, also funds available to support the government Household Support Fund initiative.

The Charity’s funds balance is presently in excess of the minimum reserves policy requirement and provides a secure basis to facilitate designated project work and to mitigate the anticipated return of the challenge of raising finance to deliver the work across Somerset and North Somerset in the future.

Legacies

From time to time the charity is the recipient of bequests, often in the form of legacies.

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AGE UK SOMERSET (Company Limited by Guarantee)

We are as always very grateful to those who consider us at this time.

Review of Principal Funding Sources

The Board of Age UK Somerset continues to operate a policy of accessing as diverse and varied a range of funding as possible in order to not become over reliant on any single source and therefore provide income security. The majority of the Charity's funding comes from agreements with organisations that share and wish to support the Charity's aims and objectives. Increasingly this source of funding is subject to cuts, however the recognition of the consistently positive impact our charity's work has on the wellbeing of older people has significantly contributed to a continuation of this financial support. Wherever possible the Charity aims to maintain these funding relationships going forward and is actively seeking to further this objective by working in partnerships with other charitable organisations. Although funders will have their own budget constraints, the Charity still consistently endeavours to forge longer term agreements with funders wherever possible.

The Charity has historically been in receipt of significant levels of income from service fees. The Ageing Well service, has, historically, been a good source of service fee income and in the financial year are operating once again at around £200,000 per annum pre-pandemic levels. Service fees are re-invested in supporting the services as designated funds.

Grants from foundations and trusts, legacies and donations are gratefully received and the Charity is able to recover tax under the Gift Aid scheme from those donations from individuals which qualify.

The charity also receives income from a number of commissioned services. These include TNC, a Cognitive Stimulation Therapy service, Friendly Phone Calls and a Falls Prevention

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AGE UK SOMERSET (Company Limited by Guarantee)

Working Relationships

The Charity is a member of the Age England Association and a Brand Partner of Age UK national.

Those who have enabled us to deliver our charitable objectives during the financial year included:

Age UK, North Somerset District Council, Pier Health Group, Quartet Community Foundation, ReThink, Somerset Community Foundation, Somerset ’s Unitary County Council, Community Council of Somerset, the National Lottery Communities fund, St Monica Trust, Burnham & Weston Energy CIC, The Heath and Well Being Board at North Somerset Council and several other generous entities and individuals.

The Charity would wish to thank all organisations and individuals who have supported its activities during the year.

Reserves Policy

Reserves are required to temporarily fund any timing gaps between the receipt and spending of income, and to fund future projects. Charity Commission guidelines indicate a requirement for the level of sufficient unrestricted funds not held in fixed assets (free reserves) which should be accumulated over time to provide working capital for the continuation of operations which we consider an appropriate level being a minimum 3 month period (£284,070). The Board has established a policy in fitting with this estimate whereby it considers sufficient unrestricted funds to equally be applied to 12 months budget considerations, any contractual obligations that are likely to materialise in the event of the Charity wholly or partly ceasing operations and to provide the funding of anticipated capital expenditure (£225,111).

At 31 March 2025 the free reserves held in Unrestricted Funds amounted to £294,703 ( 2024: £423,007 ). This figure is arrived at by taking the total value of the Unrestricted Funds £298,010 ( 2024: £431,297 ) less the value of fixed assets £3,307 ( 2024: £8,290 ).

Whilst it may not always be achievable, a remaining surplus of free reserves allows sufficient cover for income loss risk, the negative financial impact of unexpected adverse events and facilitating funding for further new opportunities whilst maintaining present financial controls.

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AGE UK SOMERSET (Company Limited by Guarantee)

Investment Policy

The Board has the power to invest the Charity's assets as it sees fit. However, its present policy is not to have investments unless necessary to accumulate for an identified project, where the aim would be to invest in a manner consistent with the objectives and timing of the project. No such investments are presently held.

Reserves are placed on interest bearing deposit. These are split between the Charity's principal bankers Santander Corporate Banking, NatWest and the CCLA Charities Official Investment Fund (COIF) - Charities Deposit Fund. Funds are deposited to make best use of the Financial Services Compensation Scheme (FSCS), which protects deposited balances up to £85,000, since the year end a change in portfolio management has been actioned to support this protection.

Plans for the Future Period

The Charity is fully engaged with the Integrated Care Boards of both Somerset and North Somerset.

This includes working as part of the Somerset and North Somerset neighbourhood initiatives, social prescribing across the VCSE (Voluntary, Community & Social Enterprise) sector and the 'prevent' agenda in respect of mental health issues and reducing the time older people are in hospital.

The Charity has successfully established itself as a key and willing partner with other VCSE organisations across both of its areas. This has enabled various VCSE proposals being heard and acted upon.

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AGE UK SOMERSET (Company Limited by Guarantee)

Statement of Trustees' Responsibilities

The Trustees (who are also directors of Age UK Somerset for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the director's report) and the financial statements in accordance with 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).

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

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

The Trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the 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 in the

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United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the Board of Trustees

Stephen Holt David Johnson FCA Chairman Treasurer Age UK Somerset Age UK Somerset

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AGE UK SOMERSET (Company Limited by Guarantee)

Independent Examiner s Report to the Trustees of Age UK Somerset

Charit

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AGE UK SOMERSET (Company Limited by Guarantee)

Independent Examiner 3 s Report to the Trustees of Age UK Somerset ~~(‘the~~ Charity ~~’)~~

7 October 2025

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AGE UK SOMERSET (Company Limited by Guarantee)

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2025

Unrestricted Restricted Total Unrestricted Restricted Total
Note Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Income:
Donations, gifts & legacies 2 100,288 400 100,688 75,692 2,500 78,192
Investment income 3 24,895 - 24,895 28,062 - 28,062
125,183 400 125,583 103,754 2,500 106,254
Income from charitable
activities:
Services 4 348,087 - 348,087 267,548 - 267,548
Grants & contracts 5 20,951 444,080 465,031 61,820 597,709 659,529
Other 6 9,344 - 9,344 10,000 - 10,000
Total income 503,565 444,480 948,045 443,122 600,209 1,043,331
Expenditure:
Charitable activities 7 685,741 319,552 1,005,293 684,331 381,399 1,065,730
Total expenditure 685,741 319,552 1,005,293 684,331 381,399 1,065,730
Net (expenditure)/ Income for
the year before transfers (182,176) 124,928 (57,248) (241,209) 218,810 (22,399)
Transfers 48,889 (48,889) - 127,701 (127,701) -
Net movement in funds (133,287) 76,039 (57,248) (113,508) 91,109 (22,399)
Fund balances 1 April 431,297 218,775 650,072 544,805 127,666 672,471
Fund balance 31 March 298,010 294,814 592,824 431,297 218,775 650,072

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AGE UK SOMERSET (Company Limited by Guarantee)

Balance Sheet

as at 31 March 2025 Company Registration Number: 02717676

Notes 2025 2024
£ £
Fixed assets:
Tangible assets 14 3,307 8,294
Investments 15 2 2
3,309 8,296
Current assets:
Debtors 16 36,740 87,732
Cash at bank and in hand 606,324 605,133
643,064 692,864
Net current assets 646,373 701,160
Liabilities:
Creditors falling due within one year 17 53,549 51,088
Total assets less current liabilities 25 592,824 650,072
Net assets 592,824 650,072
The funds of the Charity
Unrestricted Funds:
General funds 299,992 316,356
Designated funds 11,336 114,941
311,328 431,297
Restricted funds 281,496 218,775
Total Charity Funds 592,824 650,072

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AGE UK SOMERSET (Company Limited by Guarantee)

Balance Sheet as at 31 March 2025 (continued) Company Registration Number: 02717676

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 5.

The members have not required the Company to obtain an audit of their financial statements for the year ended 31 March 202 5 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for:

ensuring that the Company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and

b.

preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

The financial statements have been prepared in accordance with the provisions of part 15 of the Companies Act 2006 relating to the small companies regime.

Approved by the Board for issue on 01 October 2025... . and signed on its behalf by:

S Holt D F Johnson FCA Chair Treasurer

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AGE UK SOMERSET (Company Limited by Guarantee)

Statement of Cashflows for the year ended 31 March 2025

2025 2024
Notes £ £
Cashflows from operating activities:
Net movement in funds for the year
(as per Statement of Financial Activities) (57,248) (22,399)
Adjustments to cash flows from non-cash items
Depreciation 14 5,563 5,850
Investment income 3 (24,895) (28,062)
(76,580) (44,611)
Working capital adjustments:
Decrease in debtors 16 50,991 (47,501)
Increase in creditors 17 2,462 (13,609)
Net cash generated from operating activities (23,127) (105,721)
Cashflows from investing activities:
Interest from investments 3 24,895 28,062
Acquisitions of tangible assets 14 (576) (9,922)
Net cash from investing activities 24,319 18,141
Change in cash & cash equivalents in reporting
period 1,191 (87,580)
Cash & cash equivalents at the beginning of the
reporting period 605,133 692,713
Cash & cash equivalents at the end of the reporting
period 606,324 605,133

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AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting Policies

The principal accounting policies adopted in the preparation of the financial statements are as follows:

1.1 Basis of preparation and assessment of going concern

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statements of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Issued 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.

Age UK Somerset meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless stated otherwise within these notes.

1.2 Legal status of the Charity

The Charity is a company limited by guarantee and has no share capital. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. As at 31 March 2024 there were 7 members. The company is incorporated in England and Wales.

Registered office: refer to page 3 Reference and Administrative Details 24/25.

1.3 Investments in Subsidiary Undertakings

Investments in subsidiary undertakings are measured at cost and reviewed annually for impairment. On the basis that the subsidiary is not material to the group, consolidated accounts have not been prepared.

1.4 Income

Income from generated funds:

Income is included in the Statement of Financial Activities when the Charity is legally entitled to the income, it is probable the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income.

Income from donations and gifts is recognised in the year in which they are receivable.

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

29

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting Policies (continued)

Income from generated funds (continued):

Receipt of legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor’s intention to make a distribution. Where legacies meet the criteria for income recognition but have not been received at the balance sheet date they are recognised in legacy income and other debtors. Where legacies have been notified to the Charity or the Charity is aware of the granting of probate and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Income from investments is recognised when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank.

Income from charitable activities:

Income from grants, contracts and government grants is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Where no conditions are attached to grants they are recognised within donations, gifts and legacies. Where conditions relating to performance of services are attached i.e. contracts, grant income is recognised in charitable activities grants and contracts within the Statement of Financial Activities.

Where grant income is received in advance of conditions being met, which are outside of the Charity’s control, income is deferred within creditors: grants received in advance until grant conditions are met. Where grant income has not been received and conditions have been met in the year, income is accrued within other debtors.

Income from services and other income from charitable activities are recognised in the period in which the Charity is entitled to receipt, it is probable that economic benefits will flow to the Charity and the amount can be reliably measured.

1.5 Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing to that expenditure, it is probable that settlement will be required and the obligation can be measured reliably. All expenditure is recognised on the accruals basis.

Expenditure on charitable activities comprises costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them.

30

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting Policies (continued)

See 1.6 below for details on support and governance cost allocations. Grants payable are recognised within charitable activities when a constructive obligation arises resulting in the payment being unavoidable.

1.6 Allocation of support costs and governance costs

Support costs are those functions that assist the work of the Charity but do not directly undertake charitable activities. Support costs include premises costs, finance, personnel, payroll and governance costs, which support the charities activities. These costs are allocated across the various charitable activities.

Support staff costs are allocated on the basis of staff allocated time. Other support costs such as premises costs are allocated on the basis of pro rata staff full time equivalents. Governance costs are not allocated to charitable activities as these costs are retained within head office central activity.

1.7 Pension costs

The Charity make contributions to defined contribution pension schemes on behalf of employees, which involves payment of contributions into employees’ personal pension schemes. The assets of these schemes are held separately from the group in independently administered schemes. The amount included in the Statement of Financial Activities represents the contributions payable to the schemes in respect of the accounting period. Amounts are allocated between unrestricted and restricted funds based on time spent by staff.

1.8 Operating leases

The Charity classifies the lease of property and office equipment as operating leases as title and risks and rewards of ownership are retained by the lessor. Rentals are charged on the straight line basis over the term of the lease through the profit and loss account.

1.9 Tangible fixed assets

Where purchased, fixed assets are stated at purchase costs plus incidental expenses of acquisition. Where donated, fixed assets are stated at estimated market value on acquisition. Depreciation is charged in respect of fixed assets and is calculated to write off the cost of the assets, less estimated residual value, over their expected useful economic lives as follows:

Computer equipment - straight line over 3 years Other equipment - straight line over 3 years

Fixed assets are normally capitalised where the value of an asset or group of related assets exceeds £1,000.

31

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting Policies (continued)

1.10 Cash and cash equivalents

Cash and cash equivalents include cash and short term highly liquid investments that are readily convertible to a known amount of cash and subject to an insignificant risk of change in value.

1.11 Grants received in advance

Deferred income is included within creditors: grants received in advance in the Balance Sheet and comprises grant income received in advance of the provision of charitable activities where grant conditions outside the Charity’s control have not been met ~~.~~ Deferred income is recognised within income in the Statement of Financial Activities when the recognition conditions for income from grants, contracts and government grants are met, typically when the grant conditions are met.

1.12 Financial instruments

The Charity only has financial assets and liabilities that qualify as basic financial instruments including bank balances, cash, debtors and creditors. Basic financial instruments are initially recognised at transaction price and subsequently amortised cost.

1.13 Taxation

The Company is a registered charity and is therefore not liable to corporation tax or capital gains tax to the extent that its income and gains are applicable to charitable purposes only. Value added taxation is not recoverable by the Company and is therefore included in the relevant costs in the Statement of Financial Activities. The Charity subsidiary is not VAT registered and unable to recover Value Added Tax and therefore it is included within the relevant costs in the Statement of Financial Activities.

1.14 Fund accounting

General Funds are unrestricted funds, which are available for use at the discretion of the Board in furtherance of general objectives of the Charity and which have not been designated for other purposes. Designated Funds comprise unrestricted funds that have been set aside by the Board for particular purposes. The aim and use of each designated fund is set out in the notes to the accounts. Restricted Funds are to be used for specific purposes as laid down by the donor.

1.15 Critical accounting estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances ~~.~~ The resulting accounting estimates will, by definition, seldom equal the related actual results.

32

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

1 Accounting Policies (continued)

The Trustees are of the opinion that there are no estimates, assumptions and management judgements that carry a significant risk of material adjustments to the carrying amounts of assets and liabilities within the next financial year.

1.16 Donated services

In accordance with the Charities SORP (FRS 102), any unpaid general volunteer time is not recognised in the financial statements.

2 Donations, gifts & legacies

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Donations, gifts &
legacies
Donations and gifts 70,745 400 71,145 41,692 2,500 44,192
Legacies 29,543 - 29,543 34,000 - 34,000
100,288 400 100,688 75,692 2,500 78,192

The Charity benefits greatly from the involvement and support of its many volunteers, details of which are given in our Trustees’ Annual report ~~.~~ In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts.

33

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

3 Investment income

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Restricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Investment income
Interest receivable 24,895 - 24,895 28,062 28,062 - 28,062
4 Income from charitable activities 4 Income from charitable activities Income from services
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Income from
charitable activities -
Income from
Services
Ageing Well
Somerset 118,043 - 118,043 94,180 - - 94,180
Ageing Well North
Somerset 78,005 - 78,005 56,376 - - 56,376
Falls Prevention
Somerset 58,983 - 58,983 40,018 - - 40,018
Falls Prevention
North Somerset 16,327 - 16,327 12,040 - - 12,040
Information
Advocacy - - - - 100 - - 100
Toenail Cutting 59,215 - 59,215 40,534 - - 40,534
Mental Wellness
Support 16,750 - 16,750 24,300 - - 24,300
Wellbeing Groups 764 - 764 - - - -
348,087 - 348,087 267,548 - - 267,548

34

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

5 Income from charitable activities Grants and contracts

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Income from charitable Income from charitable
activities - Grants and
contracts
Local Authorities - - 189,918 189,918 30,000 306,222 336,222
NHS Somerset and NHS
North Somerset - - 27,000 27,000 - -
62,605		 62,605
the National Lottery
Community fund - - 33,333 33,333 - -
113,738		 113,738
Other grants 1,000 174,329 175,329 4,100 54,444 58,544
Age UK Grants 18,751 7,500 7,500
26,251		 27,720 35,900 63,620
Surviving Winter 1,200 1,200 12,000 13,200 - -
24,800		 24,800
20,951 444,080 465,031 61,820 597,709 659,529
6 Income from charitable activities Other income
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Income from
charitable activities -
Other income
Age UK brand
partnership 7,500 - 7,500 10,000 - - 10,000
Other income 1,844 - 1,844 - - - - - -
9,344 - 9,344 10,000 - - 10,000

35

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

7 Expenditure on charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Expenditure on
charitable
activities
Staff costs 501,618 59,027 560,645 500,333 82,636 582,969
Volunteer expenses (213) 12,614 12,401 (758) 13,990 13,232
Travel - -
25,318		 25,318 - -
32,064		 32,064
Recruitment - -
-		 - - -
68		 68
Premises costs (1,917) 11,868 9,951 (2,179) 12,423 10,244
Communication
and office costs (1,748) 8,274 6,526 (1,774) 19,370 17,596
Service related
costs 73,147 37,427 110,574 66,244 36,454 102,698
Grants payable 10 - -
11,320		 11,320 - -
29,130		 29,130
Governance costs 9 36,184 - 36,184 41,112 - 41,112
Other costs (197) 2,075 1,878 (50) 6,028 5,978
606,874 167,923 774,797 602,928 232,163 835,091
Support costs
General office 14,170 67,365 81,535 9,445 77,113 86,558
Senior
management 14,348 31,035 45,383 12,800 30,618 43,418
Finance (762) 31,871 31,109 (652) 24,041 23,389
Combined services 37,939 21,358 59,297 48,898 17,464 66,362
Income generation 13,172 - 13,172 10,912 - 10,912
685,741 319,552 1,005,293 684,331 381,399 1,065,730

Expenditure in relation to services which generate fee income has been deemed to fall part of the unrestricted fund (previously considered to be part of the restricted fund), in order for the note to remain consistent the comparative figures have been amended.

36

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

7 Expenditure on charitable activities (continued)

Support costs relate to those costs which are not directly attributable to the charitable activities and are apportioned by the Board on the following basis:

Support cost Basis of apportionment
General office Pro rata to staff full time equivalents
Senior management Allocated on time
Finance Allocated on time
Combined services Allocated on time
Income generation Allocated on time

8 Independent examination remuneration

2025 2025 2024 2024
£ £
Independent examination
remuneration
Independent examination fee 3,944 4,136 4,136
Accounting services 672 6,984 6,984
Bookkeeping - - -
4,616 11,120 11,120
9 Governance costs 9 Governance costs
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Governance costs
Independent
examination fee 3,944 - 3,944 4,136 - - 4,136
Accounting services 2,976 - 2,976 6,984 - - 6,984
Bookkeeping 29,224 - 29,224 28,372 - - 28,372
Legal fees 40 - 40 1,620 - - 1,620
36,184 - 36,184 41,112 - - 41,112

37

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

10 Grants payable

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds Funds Funds
2025 2024
£ £ £ £ £ £
Grants payable
Surviving Winter - -
7,950		 7,950 - -
29,130		 29,130
Taunton Cider Trust - -
3,370		 3,370 - -
-		 -
- -
11,320		 11,320 - -
29,130		 29,130

11 Trustee directors

None of the Trustee Directors (or any persons connected with them) received any remuneration during the year ( 2024: none ). No expenses were reimbursed to Trustee Directors ( 2024: none ). No donations were received from the Trustee Directors during the year ( 2024: none ).

12 Wages and salaries

12 Wages and salaries
2025 2024
£ £
Wages and salaries
Wages and salaries 662,283 673,529
Employer National Insurance 32,814 35,019
Employer Pension 29,866 30,260
Other staff costs 2,575 5,942
727,538 744,750
Presented with expenditure as follows:
Expenditure on charitable activities:
Staff costs 560,645 582,968
Support costs allocated 166,893 161,782
727,538 744,750

38

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

12 Wages and salaries (continued)

One individual employee was paid over £60,000 ( 2024: 1 ).

The average monthly number of employees, calculated as full-time equivalents, during the year was:

The average monthly number of employees, calculated as full-time equivalents, during the
year was:		 The average monthly number of employees, calculated as full-time equivalents, during the The average monthly number of employees, calculated as full-time equivalents, during the
2025 2024
£ £
Charitable activities 16 19
Governance 1 1
17 20

The average head count during the year was 62 ( 2024: 60 ).

The key management personnel is identified as the Chief Executive Officer. The total employee benefits, inclusive of pension and social security costs, of the key management personnel of the Charity were £68,449 ( 2024: £66,418 ).

13 Defined contribution pension scheme

The Charity makes contributions to pension schemes on behalf of employees, which involves payment of contributions into employees’ personal pension schemes ~~.~~ The pension cost charge for the year represents contributions payable by the Charity to the scheme and amounted to £29,866 ( 2024: £30,260 ).

Contributions totalling £2,750 ( 2024: £4,971 ) were payable to the scheme at the end of the year and are included in other creditors.

39

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

14 Tangible assets

Computers Other
Equipment		 Total
£ £ £
Cost
As at 01/04/24 33,172 10,911 44,082
Additions 576 - 576
Disposals - 989 989
As at 31/03/25 33,748 9,922 43,670
Depreciation
As at 01/04/24 31,492 4,296 35,789
Charge for year 2,256 3,307 5,563
Eliminated on disposals - 989 989
As at 31/03/25 33,748 6,614 40,362
Net book value
As at 31/03/25 - 3,307 3,307
As at 31/03/24 1,679 6,614 8,294

40

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

15 Investments

2025 2024
£ £
Age UK Trading Limited 2 2
Ordinary shares of £1 each
2 2

Age UK Somerset Trading LTD (Company Registration Number: 03847089) was incorporated on 23 September 1999 as a wholly owned trading subsidiary of Age UK Somerset. The parent charity holds 100% of the issued share capital and 100% of the voting rights of the subsidiary trading company.

The trading subsidiary gift aids any taxable profits to Age UK Somerset annually under the Gift Aid Scheme. The trading subsidiary ceased trading on 22 January 2020. Registered office: refer to page 3 Reference and Administrative Details 21/22

The assets and liabilities were as follows:

The assets and liabilities were as follows:
2025 2024
£ £
Current assets 2 2
Current liabilities - -
Total net assets 2 2
Called up share capital 2 2
Retained Earnings - -
2 2

41

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

16 Debtors

2025 2024
£ £
Trade debtors 2,584 6,156
Other debtors 27,683 75,519
Prepayments 6,473 6,057
36,740 87,732
17 Creditors - Amounts falling due within one year
2025 2024
£ £
Trade creditors 6,620 6,707
Other creditors and accruals 31,615 36,166
PAYE Income Tax & National
Insurance		 10,011 8,213
Deferred income 5,301 -
Amounts due to group undertakings 2 2
53,549 51,088
18 Grants received in advance
2025 2024
£ £
Balance as at 1 April - 10,082
Allocated in year - (10,082)
Received in year - -
Balance as at 31 March - -

17 Creditors - Amounts falling due within one year

18 Grants received in advance

42

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025

Balance Balance
1 April 31 March
2024 Income Expenditure Transfers 2025
£ £ £ £ £
Restricted funds
Ageing Well Somerset - -
10,056		 42,008 31,952 -
Ageing Well North Somerset 5,612 5,612
23,640		 15,934 - 13,318
Falls Prevention Somerset 31578 31578
-		 -
14,749		 (16,829) -
Falls Prevention North
Somerset 16,417 16,417
27,000		 16,343 (27,074) -
Mental Wellness (CST) - -
10,000		 21,305 11,305 -
Toe Nail Cutting - -
-		 -
18,955		 18,955 -
Befriending Somerset - -
25,000		 918 - -
24,082
Active Befriending Somerset - -
7,000		 3,108 (3,424) 468
Active Befriending North
Somerset 30,550 15,014 3,482 - -
42,082
Friendly Phone Calls 24,871 115,023 15,526 (36,921) (36,921)
87,447
Information & Advice 64,474 59,014 44,478 (33,188) 45,822
Chat & Map Service 11,703 107,000 23,606 (36,275) 58,822
the National Lottery
Community fund - RC South
West Region - -
33,333		 69,608 36,275 -
North Somerset Projects 1,654 - -
8,389		 6,735 -
Mendip & Wells 9,823 - -
9,823		 - -
Taunton Cider Trust 21,423 - -
3,370		 - -
18,053
Surviving Winter 670 12,000 7,950 - -
4,720
Volunteers - -
400		 - -
(400)		 -
Total restricted funds 218,775 444,480 319,552 (48,889) 294,814

43

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued) 19 Statement of funds for the year ended 31 March 2025 (continued) 19 Statement of funds for the year ended 31 March 2025 (continued) 19 Statement of funds for the year ended 31 March 2025 (continued)
Balance Balance
1 April 31 March
2024 Income Expenditure Transfers 2025
£ £ £ £ £
Unrestricted funds
Designated
Ageing Well Somerset - 121,278 132,061 132,061
10,783		 -
Ageing Well North Somerset - 80,375 56,688 (23,687) -
Falls Prevention Somerset - 60,080 101,632 101,632
41,552		 -
Falls Prevention North
Somerset - 16,607 48,538 31,931 -
Mental Wellness (CST) - 19,377 48,246 28,869 -
Toe Nail Cutting - 59,215 55,000 (4,215) -
Befriending Somerset 15,530 3,500 7,884 7,884
-		 -
11,146
Active Befriending Somerset - 4,394 7,818 7,818
(3,424)		 -
Active Befriending North
Somerset - 95 - -
-		 -
95
Friendly Phone Calls - 3,000 39,921 36,921 36,921
-
Information & Advice - 35,412 68,600 33,188 -
Chat & Map Service 55 40 - -
-		 -
95
Surviving Winter - - -
-		 -
-		 -
-
Volunteers - 600 43,052 42,452 -
IT Hardware renewals 26,000 - -
-		 -
(26,000)		 -
IT Infrastructure development 73,356 - -
-		 -
(73,356)		 -
North Somerset & Somerset
Services - - -
-		 -
-		 -
-
Total designated funds 114,941 403,973 609,440 101,862 11,336
General 316,356 99,592 76,301 (52,973) 286,674
Total unrestricted funds 431,297 503,565 685,741 48,889 298,010
Total funds 650,072 948,045 1,005,293 - -
592,824

44

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued)

Statement of funds Restricted funds detail

45

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued)

46

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued)

47

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued)

Statement of funds Designated funds detail

Active Befriending North Somerset includes unrestricted donated income of £95.

48

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2025 (continued)

Statement of funds Designated funds detail (continued)

49

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2024

Balance Balance Balance
1 April 31 March
2023 Income Expenditure Transfers 2024
£ £ £ £ £
Restricted funds
Ageing Well Somerset - -
62,192		 48,705 (13,487) -
Ageing Well North
Somerset - -
48,968		 30,571 (12,785) 5,612
Falls Prevention Somerset - -
102,622		 10,124 (60,920) 31,578
Falls Prevention North
Somerset 12,856 39,400 16,505 (19,334) 16,417
Mental Wellness (CST) - -
18,900		 26,123 7,223 -
Toe Nail Cutting - -
23,205		 16,194 (7,111) -
Befriending Somerset - -
-		 -
858		 858 -
Active Befriending
Somerset 3,342 1,200 5,135 593 -
Active Befriending North
Somerset 7,498 35,123 6,460 (5,611) 30,550
Friendly Phone Calls - -
51,444		 11,442 (15,131) (15,131) 24,871
Information & Advice - -
130,850		 61,092 (5,284) (5,284) 64,474
North Somerset (SCAMS) - -
15,018		 19,312 4,294 -
Chat & Map Service 51,020 - -
8,062		 (31,255) 11,703
the National Lottery
Community fund - RC
South West Region 1,041 41,487 73,783 31,255 -
North Somerset Projects 5,486 - -
3,832		 - - 1,654
Mendip & Wells 25,000 - -
14,171		 (1,006) 9,824
Taunton Cider Trust 21,423 - -
-		 -
-		 - 21,423
Surviving Winter - -
29,800		 29,130 - - 670
Total restricted funds 127,667 600,209 381,399 (127,701) 218,775

50

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

19 Statement of funds for the year ended 31 March 2024 (continued)

Balance Balance Balance
1 April 31 March
2023 Income Expenditure Transfers 2024
£ £ £ £ £
Unrestricted funds
Designated
Ageing Well Somerset - -
97,385		 146,611 146,611
49,226		 -
Ageing Well North Somerset 815 57,599 73,483 73,483
15,069		 -
Falls Prevention Somerset - -
40,070		 101,996 101,996
61,926		 -
Falls Prevention North
Somerset 9,266 12,040 40,640 40,640
19,334		 -
Mental Wellness (CST) 2,213 24,405 79,435 79,435
52,817		 -
Toe Nail Cutting - -
40,557		 51,831 51,831
11,274		 -
Befriending Somerset 16,388 - -
-		 -
(858)		 15,530
Active Befriending Somerset 150 3,610 9,088 9,088
5,328		 -
Active Befriending North
Somerset 125 3,550 9,286 9,286
5,611		 5,611
-
Friendly Phone Calls - -
3,000		 18,131 18,131
15,131		 15,131
-
Information & Advice 6,946 11,174 23,404 23,404
5,284		 5,284
-
North Somerset (SCAMS) - -
585		 - -
(585)		 -
Chat & Map Service 30 25 - -
-		 -
55
Surviving Winter - -
-		 -
-		 -
-		 -
-
Volunteers - 30,305 42,670 12,365 -
IT Hardware renewals 26,000 - -
-		 -
-		 -
26,000
IT Infrastructure
development 80,000 - -
-		 -
(6,644)		 73,356
North Somerset & Somerset
Services 331 - -
-		 -
(331)		 -
Total designated funds 142,264 324,304 596,575 244,947 114,941
General 402,541 118,817 87,756 (117,246) 316,355
Total unrestricted funds 544,805 443,122 684,331 127,701 431,297
Total funds 672,471 1,043,331 1,065,730 - -
650,072

51

AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements

for the year ended 31 March 2025

20 Analysis of net assets between funds 20 Analysis of net assets between funds 20 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds 2025 Funds Funds 2024
£ £ £ £ £ £
Tangible fixed
assets 3,308 - -
3,308		 8,295 - 8,295
Net current
assets 294,702 294,814 589,516 423,002
218,775		 641,777
298,010 294,814 592,824 431,297
218,775		 650,072

21 Operating leases

The following amounts were charged to the Statement of Financial Activities during the year:

2025 2024 £ £ Operating leases 30,180 30,180

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AGE UK SOMERSET (Company Limited by Guarantee)

Notes to the Financial Statements for the year ended 31 March 2025

22 Commitments

At 31 March 2025 the Charity had total commitments under non-cancellable operating leases and service contracts expiring as follows:

Land and buildings Land and buildings
2025 2024
£ £
Less than one year 11,370 34,027
Between two and five years - 11,342
11,370 45,369
Other
2025 2024
£ £
Less than one year 1,512 1,512
Between two and five years 2,232 3,744
3,744 5,256

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