Company registration number. 02773453
Charity registration number: 1019018
Age UK Devon
(A company limited by guarantee)
Annual Report and Finanaal Statements
for the Year Ended 31 March 2025
WESTCOTTS
CHARTERED AC¢OUNTANYS
• BVSIPIESS ADVk$ÉAS

Age UK Devon
Contents
Reference and Administrative Details
Trustees, Report
2to7
Independent Auditors, Report
81011
Statement of Financi£l Activities
12
Balance Sheet
13
Statement of Cash Flows
14
Notes to the Financial Ststements
15to32

Age UK Devon
Reference and Administrative Details
Trustees
Mr R Austin
Mrs K Smith
Ms J Kipling
Mrs L Onyett
Mrs H Aldis
Mr M Ellis
Mrs Zoe Harris
Secretary
Mrs S Littlewood
Charity Registratlon Number
1019018
Company Rogistralion Number 02773453
Reglstered Offlce
Unrt 1 Manaton Court
Mafford Business Park
Exeler
Devon
EX2 8PF
Auditor
Westcotts (SW) LLP
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT
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Age UK Devon
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 actlvities
Publlc benefit
The Iruslees confimi 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.
Mission, Adivffities and Purpose
Age UK Devon, established in January 1950, is a registered charity (Charity No. 1019018) and a
company limited by guarantee {Company No. 02773453). Our registered office is at Unit 1, Manaton
Court, Matford Business Park, Exeter, Devon, EX2 8PF.
Our mission is to improve the Ilves of older people acros5 Devon. We work towards a vision where
everyone can enjoy later life, supported by services that promote indepenéence. wellbeing. and social
connection.
We operate across Devon County, supported by a dedicated team of staff and volunteers. Our
achievement of the Age UK Charity Qualty Standard (CQSI. Age UK Quality Advice Stsndard (QAS).
and Advice Quality Stsndard {AQS) rellects our commitment to govemance, quality, and safety.
Strategic Directlon
Following a Strategy Review Day in September 2025, the remaining term of our Strategic Plan sets
out thr8e major priorities-
Expanding services and geographic reach to address unmet need.
Strengthening volunteer engagement.
Improving dlgilal capability and data int811igence to inform servlce delivery. growth and
performance monitoring.
In addition to these priorities, we remain committed to continuing the delivery of our established
workstreams. whiGh are detailed in the Impact section of this report. These workstreams, Active in
Later Life. Advice & Wellbeing, and Independence at Home, are central to achieving our mission and
ensuring older people across Devon receive high-quality. accessible support that promotes
independence, wellbeing. and social connection.
These priorities are underpinned by annual business plans with KPIS and budgets, reviewed quartetly
by the Finance and Strategy Committees.
structure. Governance and Management
Trustees are recruited for their skills. knowledge. and expertise, and an annual skills audit infomis
ture recruilment. Twstees serve a ￿(￿year term and may stand for re-election in accordance with
our Memorandum and Articles of Association. Newly appointed Trustees undertake a comprehensive
induction, which includes our governing documents, Strategic Plan. annual Business Plan and budget,
recent management accounts, minutes from Board and Committee meetings, and key policies and
procedures. The Indu¢tlon also provides introductions to staff and volunteers. meetings with the senior
management team, and opportunities to obseNe servlces and activities.
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Age UK Devon
Trustees. Report
As at 31 March 2025, the B08rd comprised seven members with expertise in law. governance, human
resources, marketing and communications. policy, and strategic developmentlpartnership working.
The Board meets quarterly and is responsible for the strategic directlon and overall governan￿ of
Age UK D@von. Trustees give Iheir ts'me voluntarily, and no remuneratlon was pald during th8 year.
Trustees hold ultimate responsibility for the charitys assets and funds. Day-to4ay operations are
delegated to the Chief Executive under an approved Scheme of Delegation. The Chief Executive is
supported by a senior management team consisting of the Finance Manager, Advice & Wellbeing
Manager, Adive in Later Life Manager. and Independence at Home Manager. The Finan￿ Manager
oversees financlal management, while service managers have delegated authority for the dellvery of
their respective servlces. Including systems, staff. and volunteers.
Flnanclal Management
Our Financial Management & Accounting Procedure provides Trustees and senior managers with
clear guidance on managing the chariws finances. induding the effective use of reserves and
investment opportunities,
During the year, we wer8 fortunate to reGeive legacy Income, which significantly strengthened our
reserves and provlded financial stability for the foreseeable future. These reserves enable us to meet
our charitsble objectives and act as a safeguard against risks such as gaps in funding, unexpecte(J
loss of income, or unplanned seNice closures. Importantly, legacy income is being used to support
the delivery and continuation of unfunded Se￿l¢e$ and activities, ensuring that vital support for older
people in Devon can continue even where exiemal funding is unavailable.
The Board of Trustees retains the authorlty to invest the charity's assets when resources exceed
those required for current and future objectives. Before any investment decisions are made, Trustees
seek external specialist advice to achieve the right balance be￿een generating income and
maintsining, or where possible, enhancing thè value of invested funds.
Usè of R•sorves
The Board has agreed a planned 8ppro8ch lo reduce unrestricted reserves over the coming years to
further our charitsble aims. In 2024-25, reserves were allocated to..
Sustsin and grow existing services.
Develop new community activities and chargeable services.
Invest in digital infrastructure and staff training.
Support marketing and fundraising initiatives to replenish funds and secure long-term
sustainability.
In October 2025, designated reserves We￿ increased to £288,000 to reflect current operational
cornmitments and will be reviewed regularly. From 2025 onwards. unrestricted reserves are being
used to advance our three strategic priorities outlined above. This planned approach provides
financial stability while enabling agile and innovative use of funds to invest in new and existing
services that meet the evolving needs of older people across Devon.
Risk Management
Our Risk Management Policy identifies rSsks across six key areas: Governance. Op8rational,
Flnanclal, Extemal, Compliance, and Reputation. Each risk is assessed uslng a 3x3 matrix (Low,
Medium. High) and r8V18wed regularfy to ensure effective mitigation.
Key measures in place include:
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Age UK Devon
Trustees. Report
Maintaining contingency reseNes of £288,000, reviewed and adjusted as required.
Quarterly financial monitoring and reforecasting to respond to changing circumstances.
Seeking extemal legal and fin8ncial advi￿ for major decisions.
Continuous review and improvement of digital systems and data security.
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Age UK Devon
Trustees. Report
Impact Summary
Actlve In Lator Life
We deliver activities that promote health, wellbeing. independence, and social connection for older
people across East Devon, Mid Devon, and Teignbridge.
Activities include:
Forever Fit (Seaton) - Gentle &x8rcis8 to music.
Digital Drop-in Sessions IExmouth)- Support to bulld dlgitsl confidence.
Knit and Natter (Seaton) - Social knitting group.
Wetlands Activity Club (Seaton) - Nature-based sessions.
Social Café {Seaton & Dawlish) - Coffee mornings to redu￿ isolation.
Sporting Memories (Exmouth) - Sports-based games and reminiscence.
Walking Tennis (Exmouth & Sidmouth)- Modified tennis sessions.
Tai Chi QiGong (Tiverton & Teignmouth)- Gentle movement for balance.
Walking Football (Newton Abbot) Slower-paced football sessions.
Friendship Group {Chudleigh Knighton) - Social meet-ups.
Impact in 2024125..
196 community sessions éelivered with 784 attendances
106 one-to-one digital support sessions
. Two Walking Tennis programmes and one Tai Chi class launched
Advice & Wellbelng
Our free and confidential Informalion & Advice service helps older people. their families, and carers
make informed decisions and access support to maintain independence and wellbeing.
Key areas of support:
Social Care - Guidance on care homes, help at home, and funding
Income & Benefits - Benefits checks and application support (8.g., Pension Credlt. Attendance
Allowance)
Housing & Home Safety - Advice on staying wam, home adaptations, and fall prevention
We also deliver a Scams Awareness Service to protect older people from flnancial and emotional
harm through:
. One-to-one Support - For those largeted or concerned about scams
Community Education - Talks and presentatlons for local groups
Practical Guidance - How to Identify. avoid, and r8spond to scams
Impact in 2024125:
1,850 clients supported with over 13.000 interactions
£2.8 million in unclaimed benefits identified for clients
38 scams awareness presentations reaching 778 people
One-to-one scams support for 110 older people
Independence at Home
Our Enabling & Home Support Servic8 provides practlcal. personalised assistance to help older
people remaln independent at home. Support includes.,
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Age UK Devon
Trustees. Report
Companionship and social visits
Help with household tasks and shopping
Meal preparation
Assistance with appointments and activities
Basic pet care
Clients receive an initial assessment and tailored support plan. Staff are DBS-¢hed(ed, trained
(induding dementia awareness), and insured.
Our Foot Care Service helps maintain mobility and comfort through:
Toenail trimming and fool health checks
Home visits across Exeter, East Devon. Culmsto¢k. Tiverton. and Tavistock
Monthly clinic appointments in Exeter
Impact in 2024125..
. 4,651 hours of enabling and home support delivered
1,180 foot Ca￿ appointments completed
Future Focus
We will continue to:
Deliver high-quality, accessibl8 services across Devon.
Strengthen partnerships with health and social care organisations.
Implement a volunteer strate9y to increase engagement and capacity.
Our commitment to using reserves strategically underpins our ambition to grow, innovate, and deliver
measurable impact for older people in Devon.
Structure, governance and management
Statement of trustees. responsibilities
The trustees (who are also the directors of Age UK Devon for the purposes of company law) are
responsible for preparing the trustees, report and the financial statement5 in accordance with
8ppliGable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepled
Accounting Practice). including FRS 102 'The Financial Reporting Standard 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 stalements unless they are salisfied 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 ils income and expenditure. of the charitable
company for that period. In preparing these financial statemenls. the trustees are required to:
select suitable accounting policies and appty them consislently.,
observe the methods and principles in the Charities SORP.,
make ludgements and estlmates that are reasonable and prudent.,
state whether applicable accounting standards. comprising FRS 102 have been followed, subject
to any materlal departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will ¢ontinue in business.
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Age UK Devon
Trustees. Report
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 ststements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of Ihe charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsib18 for the maintenance and integrity of the corporate and financial
information included on the charitsble companys website. Legislation governing the preparation and
dissemination of financial slatements may differ from leglslation in oth8r jurisdictions.
Dlsclosure of infomiation 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 audit information and to establish that the Gharity's auditor is aware of that
information. The trustees confirm that there is no relevant information that they know of and of which
they know the auditor is unaware.
The annual report was approved by the tNstees of the charity on
b8half by:
and slgned on its
Mrs L Onyett
Trustee
Mrs H Aldis
TNstee
Page 7

Age UK Devon
Independent Audltor's Report to the Members of Age UK Devon
Oplnlon
We have audited the financial ststements of Age UK Devon (the 'charity') for the year ended 31 March
2025. which comprise the Statement of Financial Activities. Balance Sheet, ststement of Cash Flows,
and Notes to the Financial Statements, including a summary of significant accounting policies. The
finanGial reporting framework that has been applied in their preparation is United Kingdom Accounting
Standards. comprising Charities SORP- FRS 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland, and applicable law (United Kingdom Generally Accepled Accounting
Practice).
In our opinion Ihe financial statements:
give a true and fair view of the slate of the charitys affairs as at 31 March 2025 and of its incoming
resources and application of resources. including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice. and
have been prepared in accordance wlth the requirements of the Companles Act 2006.
Basis for opinlon
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are re18vant to our audit of the financial
statements in the UK, including the FRC'S Ethical Stsndard, and we have fulfilled our other ethi￿1
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Con¢luslon$ relatlng to going concèrn
In auditing the financial statements, we hav8 concluded that the trustees use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainlies relating to
events or Conditions that, individually or collectively, may cast significant doubt on the charity's ability
to continue as a going concern for a period of at least twelve months from when the original financial
stalemenls were authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises th8
infomation included in the annual report, other than the financial statements and our auditor's report
thereon. Our opinion on the financial statements does not cover the other information and. except to
the extent othe￿iSe explicitly stated in our report. we do not express any form of assurance
conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and. in doing so. consider whether the other infonnation is materially Inconslstent with th8
financial statements or our knowledge obtained in the audit or otherwise app&ars to be materially
misstated. If we identlfy such material Inconsistencies or apparent material misstatements. w8 are
required to detemine whether there is a material misstatement In the financial statements or a
materlal rnlsstatement of the other infom)ation. If, based on the work we have performed, we conclude
that ther8 is a material misststement of this other infomatlon, we are requir8d to report that fact.
Page 8

Age UK Devon
Independent Auditor's Report to the Members ofAge UK Devon
We have nothing to report in this regard.
Oplnlon on other matter proscribed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial year for which the financial
statements are prepared is consistent with the financial statements; and
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light of our knowledge and understanding of the charity and ils environment obtained in the
course of the audit, we have not identified material misstatem8nts in the Trustees, Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires
us to report to you rf, in our opinion..
adequale accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns: or
certain disclosures of trustees remuneration specffied by law are not made., or
we have not received all the information and explanatlons we require for our audit.
the directors were not entitled tr) prepare the financial statements in accordance wlth the small
cornpanies reglme and take advantage of the small compani8s' exemptions in prepaTlng the
directors, report and from the requirement to prepare a strateg1¢ report.
Responslbllttles of trust••s
As explalned more fully in the Statement of trustees, responsibilities (set out on page 6 and 7), the
trustees are responsible for the preparatlon of the financial stat8ments and for being satisfied that
they give a true and fair vi8w, and for such internal control as th8 trustees determine is necessary to
8nable the preparallon of financial statements that are free from mat8rial misstatement. whether due
to fraud or error.
In preparlng the financial statements, the trustees are r8sponsible for assesslng the Charity's ability to
continue as a going concem, disclosing. as applicable, matters related to going concern and using the
golng concern basis of accounting unless the trustees either intend to Ilquldate the charity or to cease
operations, or have no realistic altemative but to do so.
Auditor rosponsibilitles for th8 audlt of the financial statements
Our objeclives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due lo fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance, but is nol a guarantee
that an audit conducted in accordance wilh ISAS (UK) will always detect a material misstatement
when it exists. Misstatements can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be 8xpected to influence the economic decisions of user5
tsken on the basis of these financlal statements.
The extent to which our procedures are capable of detecting iffegularities, including fraud is detailed
below:
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Age UK Devon
Independent Auditor's Report to the Members ofAge UK Devon
We identified areas of laws and regulations that could reasonably be expected to have a material
effect on the financial stalements from our general commercial and sector experience and Ihrough
discussion with the directors and other management, no issues were noted. We communicaled
identified laws and ￿gUlationS throughout our team, and remained alert to any indications of
non-compliance throughout the audit.
The company is subject to laws and regulations that govern the preparation of Ihe financial
statements, including financial reporling legislation. and other companies legislation. The company
is also subject to other laws and regulations where the consequences of non-complian￿ could
have a material impact on the amounts or disclosures within the financial slatements. including
employment, anti-bribery and anti-money laundering.
Owing to the inherent limitstions of an audit, there is an unavoidable risk that we may not have
detected some material misstatements in the financial statements, even Ihough we have properly
planned and performed our audit in accordance with auditing standards. In any audit. there
remains a higher risk of non-detection of irregularities, as these may involv8 collusion, forg8ry,
Intentional omissions, misrepresentations, or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with
all laws and regulations.
As part of an audit in accordance with ISA5 (UK). we exerclse professional judgement and maintaln
professional scepticism throughout the audit. We also:
Identify and assess the risks of material misststement of the financial statements, whether due to
fraud or error, design and perform audit procedures responsive to those risk5, and obtain audlt
evidence that is sufficlent and appropriate to provide a basis for our opinlon. The ￿sk of not
detectlng a material misstatement resulting from fraud is higher than for one resultlng from error.
as fraud may involve colluslon, forgery, intentional omissions, misrepresentstions, or the overrlde
of internal control.
Obtaln an understanding of intemal control relevant to the audlt In order to design audit procedures
that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the charitls internal control.
Conclude on the appropriateness of the trustees use of the going Concern basis of accounting and,
based on th8 audit evidence obtsined, whether a material uncertainty exists related to 8vents or
conditions Ihat may cast significant doubt on the charitrfs ability to continue as a going concem. If
we condude that a material uncertainty exists. we are required to draw attention in our auditor's
report to the related disclosures in the financial statements or, if such disclosures are inadequate.
to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of
our auditor's report. However, future events or conditions may cause the charity to cease to
continue as a going concem
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures. and whether the financial statements represent the underlwng transadions and
events in a manner that achieves fair presentation
We communicate with those charged with governance regarding, among other matlers, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal control that we identify during our audit.
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Age UK Devon
Independent Auditor's Report to the Members of Age UK Devon
Use of our report
This report is made solely to the charitable company's trustees. as a body, in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we
rnight state to the charity's trustees those matters we are requlred to stats to them in an auditor's
Teport and for no other purpose. To the fullest extent permitted by law, w8 do not accept or assume
responsibility to anyone other than the charitable company and its trustees as a body, for our audit
work, for thls report, or for the opinions we have fomed.
Adam Croney ACA (Senior Statutory Auditor)
For and on behalf of W8Stcotts (SW) LLP. Statutory Auditor
Plym House
3 Longbridge Road
Plymouth
Marsh Mills
Devon
PL6 8LT
Date..
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Age UK Devon
Statement of Financial Actlvitles for the Year Ended 31 March 2025
(Includlng Income and Expenditure Account and Ststement of Total
Recognised Gains and Losses)
Unrestrlcted
funds
Restricted
funds
Total
2025
Totsl
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activitie5
Investment income
691.934
309,807
29,890
691,934
423,603
29,890
399,219
281,597
17,450
113,796
Total income
1,031,631
113,796
1,145,427
698,266
Expendttur• on:
Raising funds
Charitable aclivilies
Other expenditure
(62,707)
{428,767)
7,871
{62,707)
(682,019)
7,871
{66,022)
{800,585)
8.345
(253,252)
Total expenditure
Gainsl(losses) on
investment assets
{499,345)
(253,252)
(752,597)
(674,952)
7,973
7,973
10,628
Net incomel(expenditure>
Transfers between funds
524,313
27,335
(139.456)
27.335
384,857
33,942
Net movement in funds
496,978
{112,121)
384,857
33,942
Reconciliation of funds
Tolal funds broughl foDNard
Total funds carried forward 17
709,916
313,157
1,023,073
989,131
1.206,894
201,036
1,407,930
1.023.073
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 17.
The notes on pages 15 to 32 form an integral part of these financial statements.
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Ago UK Devon
(Registration number: 02773453)
Balance Sheet as at 31 March 2025
2025
2024
Note
Flxed assets
Tangible assets
Investments
13
14
2,149
303,712
5.010
315,847
320,857
305,861
Current assets
D8btors
Cash at bank and in hand
15
67,608
1,071,780
42.143
686,082
728,225
1,139,388
Credltors: Amounts falling due withln one year
16
(37.319
26,009
Net current assets
1,102.069
702,216
Net assets
1,407,930
1,023,073
Funds of the charity:
Restrlcted Income funds
Restrided fvnds
201,036
313,157
Unrestricted income funds
Unrestricted funds
1,206.894
709,916
Total funds
17
1,407,930
1,023,073
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 Sn
question in accordance with s8Ction 476. and
The dlrectors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of accounts.
The fin
ncia
statements on pages 12 to 32 were approved by the trustees, and authorised for issue
and signed on their behalf by.
Mrs L Onye
Trustee
Mrs H Aldis
Trustee
The notes on pages 15 to 32 form an int8gral part of these financial ststements.
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Age UK Devon
Statement of Cash Flows for the Year Ended 31 March 2025
2025
2024
Note
Cash flows from operatlng activities
Net cash income
384,858
33.945
Adjustmonts to cash flows from non-cash Items
Depreciation
Loss on disposal of tangible fixed assets
Lossl(profit) on disposal of investments
2,861
2.862
15,943
{10,504)
42,246
7,315
395,034
Working capltal adjustments
Increase in debtors
Increase in creditors
15
16
{25,465)
11,309
(23,838)
4.519
Net cash flows from operating activrties
380,878
22,927
Cash flows from investing activities
Acquisitions of tangible assets
Proceeds from sale of tangible assets
Acquisitions of investments
Proceeds from sale of investments
(1,518)
109,057
(10.152)
14,819
(9,171)
13,991
Net cash flows from investing activities
4,820
112.206
Net increase in cash and cash equivalents
385,698
135,133
Cash and cash equivalents at 1 April
686,082
550,949
Cash and cash equivalents at 31 March
1,071,780
686,082
All of the cash flows are derived from continuing operations during the above Iwo periods.
The notes on pages 15 to 32 form an integral part of these financial staternents.
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Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Charity status
The charity is limited by guarantee. incorporated in , and consequently does not have share capital.
Each of the trusteos is liable to contribute an amount not exceeding £Nil towards the assets of the
charity in Ihe èvent of liquidation.
The address of its registered office is..
Unit 1 Manaton Court
Matford Business Park
Exeter
Devon
EX2 8PF
2 Accountlng policies
Summary of slgnlflcant a¢¢ountlng policies and key accounting estlmates
The principal accounting polici8s applied in the preparation of these financial statements are set out
below. These polici8s have been consistently applied to all the years presented, unless olhemise
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 (FRS
102)) (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 Devon 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 Iwslees consider that ther8 ar8 no material uncertainlies about the charitys ability to continue as
a going concem nor any significant areas of uncertainty that affect the carrying value of assets held by
the charity.
Income and endowments
All income is recognised once the charity has 8ntitlement to the Income, it is probable thal the income
will be received and the amount of the income receivable can be measured reliably.
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Age UK Devon
Notes to the Financlal Statements for the Year Ended 31 March 2025
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 condilions 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 b8 fulfilled in the reporting
period.
Legaw gifts are recognised on a case by case basis following the grant of probate when the
adminislratorlexecutor for the estate has communicated in writing both the amounl 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 rellably measurable
with a degree of reasonable accuracy and th8 title to the asset having been transferred lo the charity.
Grants recelvablo
Grants are recognised when the charity has an entitlement lo the funds and any conditions linked to
the grants have been met. Where perfomance conditlons are attached to the grant and are yet to be
met, the income is recognis8d as a liability and included on the balance sheet as d8f8rr8d income to
b8 r8leased.
Investment income
Dividends are recognised once the dlvidend has been declared and notlficatlon has been received of
the dlvldend due.
Expendlture
All èxpenditure 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 headlngs they have been allocated on a basis consistenl with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the ass8t'S US8. Other support costs are allocated based on the
spread of staff costs.
Ralslng funds
These are costs incurred in attracting voluntary income, the management of investments and those
incurred in trading activities that raise funds.
Charltable a¢tlvltles
Charitable expenditu￿ comprises those costs incurred by the charity in the d81iv8ry of its activities
and services for its beneficiaries. It includes both costs that can be allO￿ted directly to such activities
and those costs of an indirect nature necessary to support them.
Support ¢o$ts
Support Costs in¢lude Central functlons and have been allocated to activity cost categories on a basls
consistent with the use of resources, for example. allocating prop8ty costs by floor areas, or per
capita, stsff costs by the time spent and other costs by Ihelr usage.
Page 16

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Governance costs
These include the costs attributable to the charitys compliance with constitutional and ststutory
requirements. including audit, strategic management and trustees meetings and reimbursed
expenses.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories Govered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Aci 1992, to the extent that su¢h income or gains are
applied exclusively to charitable purposes.
Tangible fixed assets
Indmdual fixed assets costing £100.00 or more are initially re￿rded at cost.
Depre¢latlon and amortlsation
Depreciation is provided on tsngible 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
Fumiture and equipment
Depreciation m•thod and rate
25% straight line
Buslness ¢omblnatlons
Business combinations are accounted for under the purchase method. whe￿ necessary, adjuslments
are made to the financial statements of subsidiaries to bring the accounting policies used into line with
those used by the charity. All intra-group transactions. balances. income and expenses are eliminated
on consolidation. In accordanoe with Section 35 of FRS 102, SeGtion 19 of FRS 102 has not been
applied in these financial statements in respect of business combinations effected prior to the dale of
transition.
Fixed asset Investments
Fixed assel investmenls, 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
between 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 y8ar 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 equiva18nts comprise cash on hand and call deposits, and other short-temi highly
liquid Investments that are readily convertible to a known amount of cash and are subj8Ct to an
insignificant risk of change in value.
Page 17

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Borrowrngs
Interest-bearing borrowings are inrtially recorded at fair value. net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to Ihe Statement of Financial AGlivities oveT 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 Iwelve months after the reporting date.
Fund structure
Unrestricted income funds are general funds that are available for use at tho 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.
Restricted income funds are those donated for use in a particular a￿a or for specific purposes, the
use of which is restricted to that area or purpose.
FSnancial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a paty to the
contraGtual provisions of the instrument.
Financial Ilabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An 8qUlty instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Page 18

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price {in¢luding transaction
costs), except for Ihose financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is normally the transaction price excluding transadion costs).
unless the arrangement constitutes a financing transaction. If an arrangement Gonstitutes a financing
transaction, the financial asset or financial liability is rneasured 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 iealise the asset and settle the liability simullanoously.
Financial assets are derecognised when and only when a) the contractual rights lo the cash flows
from the financial asset expire or are settled. b) the charity transfers lo another party substantially all
of Ihe risks and rewards of ownership of the financial asset, or c) the charity, éespite having retained
some. but not all. significant risks and rewards of ownership. has transferred control of the asset to
another party.
Financial liabilities are derecognised only when the obligation specified in the Contract is discharged.
cancelled or expires.
Dgbt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost
using the effective interest method.
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 r8ceiv8d, net of impairment.
With the exception of some hedging instwments, other debt instruments not meeting these condltions
are measured at falr value through profit or loss.
Commitments to make and receive loans which meet the conditions m8ntioned above are measured
at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares
(where shares a￿ publicly traded or their fair value is ￿liablY rneasurable) are measured at fair value
through profit or loss. Where fair value cannot be measured r81iably, investments are measured at
st 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.
Page 19

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
3 Income from donations and le9acies
Unrestrlcted
funds
General
Total
2025
Totsl
2024
Donations and legacies.,
Donations and gifts
Legacies receivable
Grants. including capital grants-
Grants from companies
11.775
680,159
11,775
680,159
25.347
366.707
7.165
691,934
691,934
399,219
Page 20

Age UK Devon
Notes to the Financial Ststements for the Year Ended 31 March 2025
4 Income from charitable activities
Unrestrlcted
funds
General
Restricted
funds
Total
2025
Core
Grants for specific purposes
Activities
47,102
47.102
67
67
Independence at Home
Enabling and Foot Care
Other
102,698
39,590
102.698
39.590
Advice and Wallbeing
Grants for specific purposes
Active in Later Life
Grants for specific purposes
Activities
Training Delivery
127.785
60,071
187.856
21,001
12,355
6.311
6,623
27,624
12,355
6,311
423,603
309,807
113,796
Unrestrlcted
funds
General
Restricted
funds
Total
2024
Cor•
Grants for specific purposes
Activities
Independence at Home
Enabling and Foot Care
other
Advice and Wellbeing
Grants for specific purpos8S
tlve In Later Llfa
Grants for specific purposes
Tralning Delivery
35.541
6.318
45,994
3,050
81,535
9,368
96.045
28,356
96,045
28,356
63,998
63.998
1.OOD
1,295
232.553
1.000
1,295
49,044
281.597
Page 21

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
5 Inveslment income
Unrestrictod
fund5
General
Total
2025
Total
2024
Interest receivable on bank deposits
Income from listed investments
607
29,283
607
29.283
6.767
10,683
17,450
29.890
29,890
6 Expenditure on ralslng funds
a) Costs of trading actlvltlas
Unrestricted
funds
General
Total
funds
Fundraising
58,456
58,456
Total for 2025
58,456
58.456
Total for 2024
45.073
45,073
b) Investment management cosls
Unrestricted
funds
General
Total
2025
Total
2024
Adminislration of the investments
4,251
4,251
4.251
5,007
5.007
4,251
Page 22

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
7 Expendlture on charitable activities
Independence Advl¢e and
Core
at Home
Wellbolng
Activo in
Later Life
Total
2025
Staff costs
Costs of running activltles
Premises costs
Office administration costs
Advertlsing
Legal costs
Depreciation
Bad debts
117.223
536
53,722
42.324
137,281
34,352
35
275
535
184,061
2,950
88.842
5.676
527,407
43,514
53,757
43,321
862
10,210
2,862
86
439
283
327
10.210
2.483
379
86
226,498
172,564
187,450
95.507
682,019
Analysis by fund
Unrestricted funds
Restricted Funds
164.391
62,107
92.564
80.000
76,912
110,538
187,450
94,900
607
428,767
253,252
226,498
172,564
95,507
682.019
Independence Advlce and
Core
at Homo
Wellbelng
Active in
Later Llfe
Total
2024
staff costs
Costs of running activities
Premlses costs
Office administration costs
Advertising
Legal costs
Depreciation
Bad debts
101,456
8.241
34,357
47,162
2,508
1.270
2.483
121,854
24,352
135
154,975
1,357
95,690
1,034
473,975
34,984
34,492
47.396
3.441
3,077
2.862
358
234
933
1,807
379
358
197,477
147,632
158.373
97.103
600,585
Analysis by fund
Unrestricted funds
Restricted Funds
169,652
27,825
197,477
76,902
70,730
10,767
147,606
3,207
93,896
97,103
260,528
340,057
600,585
147,632
158,373
In addltion to the expendituro analys8d above, there are also governance costs of £7,871 (2024
£8.345) which relate directly to charitable adivltles. See note 8 for further details.
Page 23

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
8 Analysis of governan￿ and support costs
Support costs
Unrestrfcted
funds
General
Total
2025
Total
2024
Independent examinerfs fee
Bank charges
3,360
4,511
7.871
3,360
4,511
3,060
5.285
7,871
8.345
9 Net Incomlngloutgoing resources
Net incoming resources for the year include:
2025
2024
Depreciation of fixed assets
2,861
2,862
10 Trustees remuneratlon and •xponses
No Irustees, nor any persons connected with them, have received any remuner8tlon from the chartty
during the year.
No trustees have recaiv8d any reimbursed expenses or any other benefits from the charlty during the
year.
Page 24

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
11 Staff costs
The aggregate payroll Costs were as follows:
2025
2024
Wages and salaries
Pension costs
National insurance
477.484
8.182
33,885
449,605
7,431
29,028
519.551
486,064
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows:
2025
2024
Home Support Assistants
Other staff
14
19
16
21
33
37
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £84,181 {2024
£79.754).
Page 25

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
13 Tangible fixed assets
Furnltur•
and
equipment
Total
Cost
At 1 Aprll 2024
55.266
55,266
At 31 March 2025
55,266
55.266
Depreclatlon
At 1 April 2024
Charg8 for the year
At 31 March 2025
50,256
2,861
50,256
2,861
53,117
53,117
Net book value
At 31 March 2025
2,149
2,149
At 31 March 2024
5,010
5,010
14 Fixed asset Investments
2025
2024
Shares in group undertakings and participating interests
Other investments
303,711
315,846
315,847
303.712
Shares in group undertaklngs and partlclpatlng interests
Subsidiary
undertakings
Total
Cost
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024
Page 26

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
other investments
List8d
investments
Unllsted
investments
Total
Cost or Valuation
At 1 April 2024
Valuation changes
Additions
Disposals
308,515
(7,315)
5,548
9,231
7,331
315,846
(7.315)
9,172
13,992
3,624
4,761
At 31 March 2025
297,517
6.194
303,711
Net book value
At 31 March 2025
297,517
6,194
303,711
At 31 March 2024
308,515
7,331
315,846
15 Debtors
2025
2024
Trade debtors
Prepayments
Accrued income
8,596
17,052
41,960
67.608
8,814
7,972
25,357
42,143
16 Creditors: amounts falling du• within one year
2025
2024
Trade cr8ditors
Other taxation and social securlty
Other creditors
Accruals
18.675
7,506
4,600
6.538
37,319
6,998
5,753
2,843
10,415
26,009
Page 27

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
17 Funds
Balance
at1
April Incoming Resources
2024 resources expended Transfers
Other Balance
recognised
at31
gains I
March
{losses)
2025
Unrestrlcted funds
General
General Funds
Contingency lo
ensure that future
essential aGtivities
can continue to be
funded
524.916 1,031.631
(499,345) {48,585)
{7,973) 1,000.644
185.000
185,000
709.916 1.031,631
(499.345) (48.5851
{7.973) 1.185.644
Designated
Property repairs fund
21,250
21.250
Total unrestrlcted
funds
709,916 1.031.631
{499,345
27.335)
(7,973
1,206.894
Restrlded funds
stover TIF Funding
Anonymous Donor
Cost of living funding
Celia Ollerenshaw
Trust
Age UK Mid Devon
DCC, Older People
Engagement
K Hodgson Legacy
Fund
Age UK Scams
prevention
Walking Tennis
Bilton Exmouth
Allotments
Building Resilience
More Money 4 You
196
6,543
15,132
(196)
(13,123)
20,000
13,420
15.132
42,467
154,125
{201)
(26,230)
42,266
127.895
14,694
(14,694}
80,000
(80,000)
40,000
8,000
(37,890)
(9,523)
2,110
1.523
423
30,000
15,373
(210)
(39,660)
31,525)
253.252
213
9,660
16.152
313,157
113,796
27,335
201.036
Total funds
1,023.073 1.145.427
52.597
7,973
1.407.930
Page 28

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Other Balanco
rocognised
at31
gains I
March
(losses
2024
Balance at
1 April Incomlng Resources
2023 resources expended Transfers
Unrestricted funds
General
General Funds
Contingency to
ensure that future
essential activities
can continue to be
fvnded
432.399
404,325 (318,953)
(3.483)
10,628
524.916
185.000
185,000
617,399
318,953
3,483
404.325 10,628
709,916
Restrlcted funds
G A Morgan Legacy
Nomian Family Trust
Digital Champion
Funding
Stover TIF Funding
Anonyrnous Donor
Cost of living funding
CAN
Celia Ollerenshaw
Trust
Age UK Mid Devon
DCC, Older People
Engagement
K Hodgson Legacy
Fund
Age UK Scams
prevention
National Lottery Cost
of Living
66,495
322
(66.495)
(322)
1.083
196
13,299
4,645
6,000
35.994
(37.077)
196
6.543
15,132
(6.756)
(33.114)
{6.000)
43.601
46,244
209,592
{3,777)
(55,467)
42,467
154.125
23.856
{9,162)
14,694
160,000
{80,000)
80,000
7,165
(10,648)
3.483
47,181
293,941
47,181
371.732
355,999
3,483
313,157
Total funds
989,131
698.266
674,952
10.628 1.023,073
Page 29

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
Restricted funds . description of funds
Restricted fund5 include:
G A Morgan Legacy
The GA Morgan legacy is being used to support projects in the Teignbridge area.
Nornian Family Trust
A grant to contribute to the running of the Digital Champion Programme.
Digital Champion Programme
Age UK grant lo deliver the Digital Champion Programme.
Stover TIF Funding
Tackling Inequalities Funding to support adivities at Stover Outdoor Activity Group.
Anonymous Donor
Funds to support older people through the cost-of-living crisis.
Cost of Ilvlng fundlng
Grant funding from Age UK and the Lottery to support older people during the cost-of-llvlng crfsis.
CAN (Connectlng activity to nature)
Funds to support physical activities in nature.
Celia Olerenshaw Trust
Funds to provide activities and Se￿iceS for older people Itving in EX7.
Age UK Mid Devon
Funds to support the delivery of information and advice for older people in Mid Devon.
DCC, Older People Engagement
Funds lo enable organisational insight and feedback about Adult Social Care provision in Devon.
SSAFA Fuel Pov•rty Fund
Helping households with energy costs.
K Hodgson Legacy Fund
Providing extra comforts and facilities for aged persons and their carers in the district of East Devon.
Page 30

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
18 Analysis of net assets between funds
Total funds
at 31 March
2025
Unrestricted funds
General
Deslgnated
Restrlcted
funds
Tangible fixed assets
Fixed assel investments
Current assets
Current liabilities
2.149
303,712
917.102
37,319
2.149
303,712
1.139.388
37,319
21,250
201,036
Total nel assets
1,185,644
21,250
201,036
1.407,930
Unrestricted
funds
Genoral
Total fiinds
at 31 March
2024
Restricted
funds
Tangible r￿ed ass8ts
Fixed asset inv8Stments
Current assets
Current liabilities
5,010
315,847
414,218
26,009
5.010
315,847
728,225
26,009
314,007
Total net assets
709,066
314,007
1.023,073
19 Operating lease commltments
At the reporting end date the charity had OLrtstanding commitments for future minimum lease
payments under non-cancellable operating leases, which fall due as follows..
2025
2024
Within one year
Between two and ftve years
26,188
43,542
7.500
69,730
7,500
20 Related party transactions
There were no related paty transactions in the year.
Page 31

Age UK Devon
Notes to the Financial Statements for the Year Ended 31 March 2025
21 Subsidiaries
These financial statements are separate charty financial statements for Age UK Devon.
Details of the Charitls subsidiaries at 31 March 2025 are as follows..
Nature of Class of shares % Held -
Registered office business held
Dlrect
Name of undertaking
Age UK Devon (Trading) Ltd England & Wales Dormant Ordinary
100.00
Page 32